Hello I'm interested to invest a small amount (500 Euro, I'm a student) into Bitcoins. However I have no clue how.
I've read through this bourd for a couple of days and the more I read the more confused I get. It seems that I would need to have a university degree in informatics. I don't really understand the technical background and I'm very concerned after I've read about paper wallets, hardware storages and so on. Even though there are a lot of topics with people saying their account got compromised. So if even well informed and careful people can't protect their investment, how shall I?
Furthermore as soon as somebody makes a transaction he must be online and therefore could be hacked, right? This is very frightening.
Since I want to invest only this small amount I'm willing to take the risk, but that leads to the next problem. How? I've read that the following wallets are considered good:
Armory
Electrum
Bitcoin Core
I think I'll go for Electrom since Armory is said to be very complicated and Bitcoin Core to be a bit outdated from a technical point of view.
If I understand it correctly after downloading a wallet I pay fiat money into that wallet, is that correct?
After that I can buy Bitcoins/Ethereum and so on at a market place with my wallet, correct?
So what marketplace would you recommend? I couldn't find any recommandation on this board. On the internet I found this website:
https://top10onlinebroker.de/top10/top-10-onlinebroker-fuer-den-handel-mit-ethereum/?origin=google&network=search&google_params[keyword]=bit[Suspicious link removed]gle_params[matchtype]=p&google_params[adposition]=1t2&google_params[device]=c&google_params[device-model]=&google_params[creative]=197569656423&account_id=1200&gclid=Cj0KCQjw8b_MBRDcARIsAKJE7ln_RCtiMXA3zC9Mm6mh0tHzStRD5j-SKB3y99lfghhBtWtazR41GKYaAg3WEALw_wcB
It recommands:
Markets.com
etoro
Plus500
AvaTrade
Trade.com
Since I've never heard of them I'm unsure. What would you recommand? And is this way even correct (paying fiat money into the wallet und paying with that for Bitcoin at a marketplace)?
Thanks in advance.
Hopefully you can shed some light on this confusing topic.
Best regards
Zandrek