Bitcoin Forum

Hi everyone, as you can see I am new here and even though I've read some 'guides' on BTC there is still a lot I don't quite understand so I'd be thankful if you could help me out:

If the purpose is only to store money and there is no need for withdrawal why would you use anything but BTC? For example if you have unverified PayPal or verified with CC or in some cases a real account it might get limited or even suspended for some stupid reasons so why risk it when stuff like that can't happen with BTC?

What is the best wallet for keeping BTC secure and how to do that?

Many people use bitcoin rather than Paypal or verified CC because the increase in its value is higher than the rest of them. Also, there lots of investment sites preferres especially for bitcoin. And lastly, they preferred bitcoin because you can use it without too much verification.

The best wallet to keep your bitcoins is Electrum for me. Its a great compromise of security, flexibility and a nice design. Your questions are already pro-Bitcoin, so I can not answer anything else that use nothing but Bitcoin in those cases !

Bitcoin is not only invented just to store money since bitcoin is being created for direct peer 2 peer transfers without any 3rd party involve which is really great and paypal and any cc wont really match up the services or things that is being offered by bitcoin.If you do have only small amounts of bitcoin then its still okay to use online web wallet but if you do have lots of it then you should hardware wallet at all.

Welcome to the bitcoin world.


Because you can have a chance of getting profit as the price of bitcoin is fluctuating, so when the price increases, you get profit and vice versa.


Don't worry about this, just always read the terms and condition of the online wallet that you are going to use. So if you are worrying about this, just use blockchain.info


Blockchain.info for me. Just visit the site.

Welcome here op, I think you haven't read much relevant things about Bitcoins, you are at the right place though, you can also do some search here and get your answers. Look Bitcoin is not paypal and no one telling you to hold it. You earn or buy Bitcoin you see the price are up you can then choose to sell it or keep it. Bitcoin is way far secure and most importantly it is decentralised. It's prices can rise up and last rise took a high of 1000+. Will paypal give you such a rise? The wallets like my signature, blockchain, xapo, coinbase. In case you have big amounts then holding your private keys are recommended.

To be safe and secure, you create addresses for the machines not connected to the Internet, keeping careful priv key. But the big change values should BTC main problem is the value

You can also use gold as storage of value. Gold appreciates over time and a good investment. It is pretty much like bitcoin in this aspect. Obviously you cannot use paypal like this. Paypal is a payment processor not a storage or bank. And even as a payment processor, bitcoin is far more superior than paypal is right now.

1. Bitcoin is no need too much verification, that's why peoples call it an instant payment.
2. Store your money on bitcoin can give you profit more than bank will give you. It caused by the bitcoin prices that are fluctuating. So when you buy bitcoin at low price and withdraw it when the price is up, you get profit on that. Exactly like forex trading, but the bitcoin fluctuations is more extreme.
3. To assess a wallet is better than another wallet is just try it one by one as your choice. Or you can google it. Or maybe you can explore this forum to see the review of some wallets by the users here.

Keep reading, keep learning. Good luck

Bitcoin is a decentralized digital currency.It is mainly bought as an investment which could give huge returns.Its price was $750 in december and now its price is around $915.Not even gold can yield you such profits.Transaction fees for bitcoin is also low when compared to other payments.Transaction time is also low.You can also trade by buying altcoins with bitcoin.

You are right about Paypal,but eBay and thousands of online stores accept Paypal and only a few websites accept bitcoin for purchasing goods and services..Unfortunately Paypal is still more buyer-friendly  than btc.

There are a lot of bitcoin wallet,you just need to learn how to keep your seed and your password safe,do  not use or store all your bitcoin on one wallet only,spread it out,the best wallets are electrum,blockchain and the one I just discovered with good anonymity torwallet.

Bitcoin is a digital currency.Its price varies with the increase and decrease in demand.So it is volatile and hence investors buy it to gain profits.The best wallet is electrum.It gives you a seed when you create an account and in case if you forget your password or your system gets repaired, you can recover your wallet with that seed.Just note that seed which is a 13 word password in a paper and keep it safely.

- Don't use web wallets to store bitcoin for long term.
- You can download bitcoin core wallet so that you don't have to depend on other services to use bitcoin.
- If you can't download full blockchain/wallet there are few light weight wallets like Electrum you can try them.
- Paper wallet and hardware wallet are the safest way to secure your bitcoin for long term offline.

You right, the bitcoin value is increasing quickly unlike the other currency they are not increasing. And the reason why they choose bitcoin than the PayPal because just like what I said already and it is most popular than that. Here in bitcoin you can invest your money or trade it then earn, no much work just need a time. And there are also have many wallets, online and cold wallets and I'm using cold for the safety of my money and fully secured.

Which are the first, Since Paypal already there from a long time? I don't have the other option. but different in this time.

SPV wallet or the hardware wallet. Just never try to try to visit the suspicious site. to prevent the malware infection

One day I was also newbie for bitcoin and was not having any knowledge about bitcoin and I continued to study every thread on this forum and whenever I found any thing about which I was not cleared I searched that on internet. So spend some times in searching on this forum it will take some times for you to understand about bitcoin.

No, not really. Theres some wallets which suspends account and even lock it for inactivity. Those are online wallets. Your account might locked if you violate their rules like receiving funds on gambling sites and other shady business.
 You better use hardware wallet. Its more secure than storing it on online wallets.

Yeah if you use online wallet, but why would you want to use online wallets if you can use hardware wallets or other wallets that you can control by yourself. That way nobody else has a say over your bitcoins but yourself. But I would say that bitcoins cannot yet solve all the problems of the financial world as it has not reached the level of adoption that would eradicate the need for paypal or other payment methods.

For a newbie it is hard to get into desktop wallet because they from years are working with online payment processors so if we redirect them to any best online wallet then they will feel it convenient to adopt bitcoin and to keep them after that when they will learn more about bitcoin then they will learn about desktop wallet and will start keeping their bitcoins in desktop wallet.

Hi Neal, first of all, welcome to the board, I can assure you that you will learn a lot of things about cryptocurrencies, especially about bitcoin here on Bitcointalk if you spend that kind of time to carefully read and understand posts.

Now coming back to your question, yes bitcoin is a currency to store monetary values in it but since it is widely accepted and has the global presence, we prefer bitcoin instead of fiat currencies.

Unfortunately, there is still a large number of people who have no idea about bitcoin and its potential and everyone around us still using fiat so it is difficult for bitcoin users to spend bitcoins directly.

There are many types of wallets but initially, I would suggest you go with blockchain.info because it is secure and user-friendly as compared to that of other service providers. If you want to hold bitcoins for the long term then cold storage with the paper wallet (multiple hard and soft copies of securely generated paper wallet) is recommended.

My first wallet was blockchain.info and when I understood thatdesctop wallet is more safe for storing bitcoin installed Electrum.
To make it secure you should always keep your private key in safe place.

Using Bitcoin do not need verification in opposite to other electronic payment systems. In addition it has low fees for transactions and is decentralised. All these features make Bitcoin interesting for users.

See there are many ways to earn bitcoins
You can do faucets to earn few satoshi's

Next , there are sites from which you can earn.

But the best way is to enroll in campaigns and earn
Monthly, weekly or even daily.
Just make a wallet and then give your address that's it.

You have to remember, Bitcoin is not the same as PayPal and the other payment options you are used to. These payment options are

all centralized {meaning, some entity have full control over your money} In Bitcoin, you have the control. This control is dependent on

the method you use to store your coins. {If you use a centralized 3rd party, like a exchange or a payment processors, then it is no

different than PayPal, because they have the power over your money } If you use no 3rd parties and only you have control over your

private key, then you have the control.  ;)

Here https://bitcoin.org/en/you-need-to-know (https://bitcoin.org/en/you-need-to-know) it says you can reverse BTC transactions (like CC chargeback) but everyone online says it's impossible, is the site outdated or can you really do that?

Well, it is a shortage of another payment processor. there is always suspended on the grounds that stupid. yeah, but I think they do it to ensure their security. bitcoin provides full access to their users, so its very convenient to use bitcoin. I use to store bitcoin blockchain I get.

Welcome to the forums!

To learn about this stuff, chances are many of your questions have already been asked and answered. Continue to make your way around the forum and I'm sure you can find them. If not, ask them yourself, and

people will be happy to answer. In terms of Bitcoin Wallets, there are handfuls of quality wallets. Personally, I use Blockchain.info, which is very secure and has a very simple user interface. In addition, they have a

mobile app that allows you to manage your wallet anywhere which is nice. Good luck :D

There are some news sites that you want to visit to check on the latest news around the globe about how bitcoin operates.
Here is one such site with an article that will give an optimistic view on the year that is to come starting with the Lunar New Year that was yesterday:
http://www.livebitcoinnews.com/chinese-new-year-2017-excellent-time-spread-bitcoin-awareness/

Also one that will keep you from becoming a victim with your bitcoins with the ever growing threat of having them stolen from you very easily just in the last year.
http://www.livebitcoinnews.com/48-ransomware-victims-paid-least-us2500-2016/

But that was in the past and now we are more suspect of these things when occurring.
Being in the know is the best defense against such attempts from happening.

Good luck on your journey into the bitcoin world! :)

Bitcoin does have many advantages over paypal and you will find many telling you what they are, but still paypal has the most market share when it comes to online payments so some still use paypal to buy stuff you cannot buy with bitcoin. About the best wallet to secure your coins, probably the best option is hardware wallet like trezor, if you cannot afford that then a paper wallet is a good option too.

First thing you need to do is to convert to XMR or ETH, then forget BTC and search for help in some other community. Bitcoin is now deeply hopeless, crash is very possible, Bitcoin is not scalable in praxis.

all purse in rekomedasikan to save BTC safe, it all depends on your own to keep, you have to tighten your purse to verify via email or phone number so that if someone enters the address of your wallet must have your permission to provide the code number of the mobile phone You.