Bitcoin Forum

Can someone give tips of the things that I should be aware of in the future?

What wallet I need to use can you give wallets? that you used back than when you where started here

First of all , know what device that you want to access your Bitcoin (desktop or mobile)
If in Desktop you can use  Electrum Bitcoin wallet (https://electrum.org) or the  Bitcoin core (https://bitcoin.org/en/download)
If in mobile you can use Mycelium Bitcoin wallet that available for  android (https://play.google.com/store/apps/details?id=com.mycelium.wallet) and  ios (https://itunes.apple.com/en/app/mycelium-bitcoin-wallet/id943912290).

This guy pretty much covers up what you need to know in choosing the right wallet. As for the things that you should be aware, only a couple of things comes to my mind. Scams, scammers in BitcoinTalk is like sand is to dessert. Phishing sites, these are the sites that asks you for your account username and password then steals it from you. Be sure to check the website if it looks promising and legit before entering your account. Don't trust anyone and if it is too good to be true then it probably is.

Stay away from scams. When a site offers you x% per x amount of time stay away. Almost all oefit investments make no promises. Anyone who makes promises be wary of. If it sounds too true to believe then it is.

When you make transactions tripple check the address you sending to is correct even check quad check. Check ten times !! Because you only get to send once then that's it it's done.


Follow this advice this is good advice. Always be in control of your private keys. Seriously write it down. Use electrum is let's you use private keys. This is golden rule number one.

Not to trust people in this forum so easily :)
Backup your wallet key and keep it safe.

What you should be aware? Well my newbie advice, if you have your private keys stored in one wallet, but you mislay that wallet or it gets corrupted, you will lose your keys. Backing up your wallet makes a copy of your private keys, but it's important to back up your whole wallet.

Offline paper or Hardware wallets are the best wallets to use. The fact that they are offline gives them some added security versus an online or online mobile wallet or payment app.

i used blockchain luxembourg website and smartphone app still the best for me #justsharing :)

I like this thread i have downloaded to my desktop the electrum wallet and have the seed code

YOu should buy hardware wallet: Trezor or Lano S
Dont keep money on exchange!

Is the hardware wallet more secure ? How ? I am curious about it. I mean i want to know is it worth ?
Also i am not getting any information about "Lano S" on google. Thanks

Using a desktop wallet is far more secure than using a web wallet or an exchange's wallet. Using a hardware wallet can be more secure than using a desktop wallet since the private keys are stored in a dedicated device instead of on your computer. This means that the private keys cannot leave your device.

I believe he means Ledger Nano S.

Thanks for help. :)

Welcome to the forum and to the wide world of crypto!

My suggestions are as follows:

1: Get a hardware wallet, it is much more secure than software or web wallets
2: Buy some crypto and hold onto it, don't touch it and let the investment grow over time.
3: Don't sell when the market is going down, always sell into strength (or just don't sell!)
4: If you plan on buying into an ICO or alt coins using BTC/ETH, always make sure you buy replace the coins you used to purchase.
5: Do your research before investing into any crypto, lots of pumps and dumps out there.

Good luck!!!

Ok so help me understand. If I make my first purchase on coinbase, how do I transfer that to a hardware wallet? It all seems foreign to me but I'm anxious to get started

the tips is keep reading the forum, everything you need about bitcoin is exist onthis forum, so just keep reading.

For ETH, use MEW wallet, but keep secure your private key,
for BTC, use blockchain.

you can start here from reading the rules, keep update your antivirus for anticipate malware site and protect your data.

You should think about in which crypto you want to invest, by reading and again reading.

You can also encrypt your wallet for security purpose. Read more to know more

hardware wallet first need to buy and then buy bitcoin on the exchange

i use coinomi wallet, there are a lot of coins available