Bitcoin Forum

Other => Beginners & Help => Topic started by: aTarekR on August 03, 2018, 01:22:03 PM



Title: What is the best way to buy site coin?
Post by: aTarekR on August 03, 2018, 01:22:03 PM
Hello, I'm new to cryptocarrency. I do not know what kind of cryptorcation wallet is good, would you please tell me which wallet is better  :)??


Title: Re: What is the best way to buy site coin?
Post by: bellamente on August 03, 2018, 01:27:15 PM
What coins do you want to buy?

Select the desired coin https://coinmarketcap.com/currencies/bitcoin/ and in the Markets tab select the exchange on which you can buy a coin.

I use the multicurrency wallet exodus


Title: Re: What is the best way to buy site coin?
Post by: aTarekR on August 03, 2018, 01:38:02 PM
Thank you very much


Title: Re: What is the best way to buy site coin?
Post by: vucuong16101997 on August 03, 2018, 02:14:46 PM
Hello, I'm new to cryptocarrency. I do not know what kind of cryptorcation wallet is good, would you please tell me which wallet is better  :)??
You can buy BTC or ETH as valuable coins. You can buy them from the dealers, or with the floor like binane, coinbase, houbi ...


Title: Re: What is the best way to buy site coin?
Post by: RodeoX on August 03, 2018, 02:25:16 PM
My advice.
Set up an account at a LICENSED exchange in your country.  Never ever work with an unlicensed business.  
Next deposit from a bank account to your exchange account. They will need your identity. This process will take a week or so. Be patient.

While you wait install a full bitcoin wallet like "Bitcoin Core". It will take days to sync. Be patient.

Now you are set to buy crypto. I highly recommend that you avoid alt-coins! Almost all of them are scams and you will not know the difference until you are completely familiar with bitcoin.  So when you understand rainbow tables, the nonce, SHA-256, etc. Then you can entertain the extreme risk of buying alt-coins.

Lastly. Don't sell your coins, spend them. You will get the full value of your coin this way. Trading them back and forth for fiat currency will just make your exchange rich at your expense. Spending coins also helps push the bitcoin economy.

Cheers

EDIT:
Here is an example of how you save buying. Say you did well and found your portfolio was "bitcoin heavy". You just have too much in bitcoin compared with other less risky investments. The solution is to diversify, so you decide to get some gold. You could pay a fee to turn your bitcoin into dollars. Then have the seller pay a fee to use a credit card for the transaction. But why?  I would just go to a seller who takes bitcoin and expect to pay less than everyone else. Why do I pay less? Bitcoin costs them nothing to use and so I want the 3% they would have paid for a credit card transaction. Look at the link below and notice that if you pay with bitcoin you will pay about $400 less. That is all profit and so is the money you would have paid in exchange fees.

https://www.amagimetals.com/gold/bars/10-oz-pamp-suisse-gold-bar-999-fine-gold.html


Title: Re: What is the best way to buy site coin?
Post by: aTarekR on August 03, 2018, 02:44:32 PM
Thanks for giving you valuable information


Title: Re: What is the best way to buy site coin?
Post by: kiemnhieutien on August 03, 2018, 03:09:14 PM
You can use Bitcoin Core wallet for Bitcoin, MEW for ETH and REC20 coin. Trusted exchanges you should use are Binance, bit-z, bittrex, Kucoin.


Title: Re: What is the best way to buy site coin?
Post by: neo444 on August 03, 2018, 06:11:53 PM
For ethereum you can use myetherwallet.com and for bitcoin you can use coinbase wallet


Title: Re: What is the best way to buy site coin?
Post by: aTarekR on August 03, 2018, 07:26:49 PM
For ethereum you can use myetherwallet.com and for bitcoin you can use coinbase wallet
Thank you


Title: Re: What is the best way to buy site coin?
Post by: RodeoX on August 03, 2018, 07:41:44 PM
For ethereum you can use myetherwallet.com and for bitcoin you can use coinbase wallet
Thank you

Coinbase is a trusted company. But I would add that you need to understand how web wallets work and the risks associated with them. Wallets that share or withhold access to private keys should not be trusted with large balances. Unless you have EXCLUSIVE control of your private key then you have no bitcoin. If a website hosting your wallet folds, or just decides to take your money then you will have little too no legal recourse. If instead you run a full node you can have world class security. I had my debit card replaced 3 times last year from data breaches.  But in the last 8 years I have spent a LOT of bitcoin and never had a single problem.

The most important thing to remember is that you are the security team. YOU must back up your wallet.dat file. If you have a bank safe deposit box, put it there. Now your wallet has 24/7 protection and even armed guards.


Title: Re: What is the best way to buy site coin?
Post by: aTarekR on August 03, 2018, 08:28:17 PM
For ethereum you can use myetherwallet.com and for bitcoin you can use coinbase wallet
Thank you

Coinbase is a trusted company. But I would add that you need to understand how web wallets work and the risks associated with them. Wallets that share or withhold access to private keys should not be trusted with large balances. Unless you have EXCLUSIVE control of your private key then you have no bitcoin. If a website hosting your wallet folds, or just decides to take your money then you will have little too no legal recourse. If instead you run a full node you can have world class security. I had my debit card replaced 3 times last year from data breaches.  But in the last 8 years I have spent a LOT of bitcoin and never had a single problem.

The most important thing to remember is that you are the security team. YOU must back up your wallet.dat file. If you have a bank safe deposit box, put it there. Now your wallet has 24/7 protection and even armed guards.
Thank you for your valuable information


Title: Re: What is the best way to buy site coin?
Post by: boyptc on August 03, 2018, 09:14:04 PM
Bitcoin wallets --> https://bitcointalk.org/index.php?topic=1631151.0 but its also good for you to know that hardware wallets are the best.

Exchanges where you can buy cryptocurrencies (bitcoin & altcoins) --> https://coinsutra.com/best-cryptocurrency-exchanges/



Title: Re: What is the best way to buy site coin?
Post by: sgdgiig123 on August 04, 2018, 08:13:31 AM
In my opinion, the best electronic wallet today is:
Paypal
Payoneer
Webmoney
Google Wallet
Alipay
Blockchain
Perfect Money