Your safest bet is a hardware wallet, here's a few worth looking into: - Keepkey - Ledger Nano S - Trezor Otherwise, check out paper wallets like myetherwallet.  |
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Yep, wallet security is paramount. A lot of the horror stories you hear in the crypto-space revolve around security measures that weren't up to par.
That said, the main types of wallets and what makes them unique:
Web-wallets (exchanges): easiest to use, most convenient in accessing your coins but most vulnerable for attack. With the web wallets your private keys, and essentially your coins, are not yours since the app or site are the one's truly holding them.
Desktop wallets: a step up from webwallets, they provide a level of convenience but ultimately in terms of security they are only as safe as the computer you're using. Some of these provide cold storage solutions though which is good. Electrum is a very popular software(desktop) wallet.
Hardware (external) wallets: Inherent cold storage solutions, as they always hold your coins offline (until you're ready to make a transaction) thus making them the most secure from potential malware. These are always a good option for storing large amounts of coins.
There's paper wallet options as well, which really just means having a printed copy of your private key on paper. This is regarded as highly secure as well since it's in your custody...just don't lose it. Ultimately why not have a couple? The perfect wallet combination depends on the person and managing them all is a skill that takes some time. Hardware is great for holding currency, but if you're trading, you'll also need something a little more convenient.
Cheers!
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This site actually had a lot of cool stuff from clothes to mugs. Try googling "Bitcoin march" and you'll be surprised how many websites sell really cool stuff. Here's the link I was talking about, maybe it'll get you started Wink http://bit.ly/2t6CrgZCheers! |
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For trading, you might want to check out GDAX or Binance and focus on starting with some of the top (less risky) coins while you get your feet wet and learn more about it. You'll hear a lot of people say to buy in the dip, which can be a good strategy for a quick buck. Be mindful of the market trends and don't invest ant money that you cannot afford to lose.
Good luck!
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There are quite a few that are good, and hold different currencies:
Exodus and Coinomi would probably come first, but you can also check out JAXX, Agama, and Cryptonator.
Cheers!
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Welcome! There's a lot to catch up on, but you're in the right place. If you want to start with the basics, check out our BTC101 blog post here: Bit.ly/Bitcoin101Guide Otherwise, To "earn" BTC, you can use a faucet or you can look for websites that offer bitcoin in exchange for watching advertisements or doing tasks. Good luck |
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Welcome to the crypto-world! Just some extra info: Make sure you use wallets and exchanges that are segwit-compatible. In terms of hardware wallets, look into the ledger nano s and the trezor. For mobile/desktop wallets, you can download Electrum-as another poster said-as well as Greenbits. I'm not sure what exchange you are using but there has been recent good news in the crypto world as Coinbase (a very popular exchange platform for beginners) has recently adopted Segwit!
Cheers!
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There are a ton of ways to keep up with latest crypto news, trends, or information in general. Forums like this one or Reddit can be really useful, as well as bigger sites like Coindesk or Bitcoin.org. Also, feel free to check out some of our blog posts like this one: http://bit.ly/BTCvsBCHKeep asking questions and doing research, because the more you know, the better off you are! Good luck |
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This site actually had a lot of cool stuff from clothes to mugs. Try googling "Bitcoin march" and you'll be surprised how many websites sell really cool stuff. Here's the link I was talking about, maybe it'll get you started  http://bit.ly/2t6CrgZCheers! |
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Well, the harsh reality of day trading is that the majority of traders give up after few months or after a big crash. That’s just the nature of Bitcoin – it’s extremely volatile and the price can dramatically drop in the span of a few hours, making it a risky long term investment, but profitable if you're engaging in day-trading. Also, something good about trading compared to other markets, is that BTC operates around the clock so you can essentially sit on your computer all day trading if you wanted. The key things to consider are these: if you invest, you can wait through the crash and have the resources to prolong the bad strike. If you trade, you have to act quickly and know when is the right time to leave the game. The risk is really up to you, Hope this helps |
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Welcome! There's a lot to learn but you'll definitely find forums like this one to be helpful. You can also check out our BTC 101 post that will provide you with some of the basics you'll want to know when getting started. Bit.ly/Bitcoin101Guide Hope it helps |
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Just keep track of everything you do, transfers, cash outs, etc, for when the time comes and you need to explain. That said, moving coins from your exchange to a wallet does not equate a "sale" since you are still in possession of them. It's all about honest reporting, if you make money on a sale/exchange of btc then report it on your taxes, of course.
Something to note: exchange sites like Coinbase automatically label any btc leaving your coinbase wallet as a sale (even if you're just transferring to another wallet of yours) because they have no way of knowing where those coins go once they leave their platform. Ultimately, as I said before, it's up to you to note these movements and when the time comes apply the appropriate tax/accounting methods to fulfill your tax report. Wish there was an easier way; as crypto continues to become more ubiquitous in society these issues will surely get clarified. For now research on forums for info and see if you can find a tax professional with the appropriate knowledge!
Cheers!
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A global currency that's accepted and used by anyone who wants to, or for trading purposes as someone else mentioned--I could see that. I don't see a country adopting it though, at least not completely. Also, just thinking of the potential learning curve effects and pace of change involved with all citizens makes my head hurt!! x0
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Well, after you've. Gotten your wallet and the coins you'll need to buy the ICO token, head. To the website of the ICO an you should see a button with an invitation to participate. If you're already whitelisted to invest, You should have received detailed instructions as well as the public address of wher to send your crypto once the ICO goes live. From there, you should be ready to receive tokens.
Hope this helps!
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Technically speaking, you can purchase crypto from resources that do not require proof of age. These would be BTC ATMs (there aren't that many, but if you can find one, this is your best bet). You can also consider PayPal or Ebay to buy small amounts, however you might pay dearly and be sure to check the sellers ratings before forking over any cash. **I do not advise meeting up with strangers (especially alone) to do any transactions. Good luck! |
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They don't expire, just be sure not to lose your private keys! |
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Well, there is not much difference, but they are two completely separate currencies. BTC is much more saturated, but with higher fees and Bitcoin Cash will tend to have lower fees when both networks are loaded with transactions, but also doesn't have as much community acceptance, so there are fewer wallets and exchanges supporting it compared to Bitcoin.
This link explains more in depth the difference:
bit.ly/BTCvsBCH
Hope this helps!
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Basically, because they’re relatively straightforward to make, and an ICO seems like a fast way to make money.
It’s not too hard for a skilled software architect to essentially recreate Bitcoin with a different initial ledger, or different set of choices like hash function or block size.
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Some fork coins will likely pump in the future, but most will die. There's no reliable way to. predict either of these outcomes. There's a lot of effort required to claim these coins, so it's up to the buyer to decide if the reward is worth it.
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A common trope you'll hear is that it's due to reasons of security. Most people argue however that the real reason could be the issue of decentralization. Decentralized markets challenge the existence of traditional financial institutions.
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