Check out the link below for a useful article that lays out in detail how to buy btc if you're in Australia, just don't mind the advice about using a broker, use an exchange and purchase it yourself. The article lists the most popular exchange platforms for Australians as well to help you make a decision. Apart from that you should download a wallet to store you coins once you've purchased them, never keep them on the exchange site. You can research these on the internet or check this forum as many threads have covered wallets https://www.finder.com.au/how-to-buy-bitcoinsAlso feel free to check out our blog post on exchanges, it's a simple but useful guide for beginners: http://bit.ly/GuideToExchangesAs far as the hardware wallet, yes it is worth it. Cold storage is the safest method for storing your coins. You could carry it around with you on a keychain if you felt more secure with it that way. Otherwise you could also put it in a safe. Truly there are an endless amount of places you could keep it hidden--it's so small! I'd be easier for you to lose it or forget your back-up info for it than someone breaking in and stealing it. Cheers! |
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Perhaps you could build your portfolio or at the very least a list of references by completing work on a freelance platform such as https://www.xbtfreelancer.com/There's plenty of translation work there. Good luck, hope this helps! |
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MyEtherWallet is a very easy place to do a phishing to steal your credentials. It is advised to not enter the website from any links you get. Go directly to the site by typing, Google or your bookmark. And always double-check if the URL is correct https://www.myetherwallet.com/Hope this helps! |
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Pretty much--if you’re going to hold digital currency, you’re going to need a wallet to store, send and receive your coins. Some wallets can simply be a software wallet running on your mobile device or desktop computer. Others exist as a hardware wallet, a flash drive or even just a piece of paper. Some digital currencies have their own dedicated wallets while others can support a multitude of different cryptos. If you’re going to be buying, selling or trading cryptocurrencies, you will need at least one digital wallet for your assets. Owners also generally hold most of the responsibility for their wallet, meaning they can potentially lose their wallet and cryptocurrencies with no recourse. So it’s very important to understand how they work  |
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Cold wallets (paper or hardware) are often for people who want to store larger holdings of cryptocurrencies to keep them offline and off exchanges. They are basically like a savings account for your crypto assets. It requires a bit more effort to access and transact using crypto assets on a cold wallet, but there is much less risk of theft. Hope this helps |
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We are still in the nascent stages of the crypto/blockchain revolution. It will be cool to see the vast improvements made to bitcoin core--can it scale down enough and can the tech be simplified for everyday users? Also, which industry will be the one to benefit most from adopting blockchain tech? Will it be healthcare, voting, advertising? There is so much potential.
Cheers
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Welcome! Don't worry, you're not the only one.. That said, it's good that you aren't dwelling on the past. Congratulations on taking initiative, this forum is a great place to start learning about the crypto-space! If you'd like a few basic guides covering fundamental topics such as, bitcoin, exchanges and wallets, please feel free to read our blog posts on each. The links are provided below. Bitcoin Guide: http://bit.ly/Bitcoin101GuideExchanges: http://bit.ly/GuideToExchangesWallets: http://bit.ly/WalletGuideBe an active participant on this forum and you'll learn quicker than you'd ever expect. Cheers! |
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Paper wallets are often used by the most hardcore of security enthusiasts. It's basically just a piece of paper where you write down your private key. You could also have a a hardware wallet and store the recovery seed on a piece of paper for when/if the time comes to use it--same kind of concept in that it's just a piece of paper (offline) that you must keep safe. Just remember in order to spend from a paper wallet you must sweep the address into a normal wallet first-become familiar with that process before dealing with large amounts of coins. Feel free to check out our blog piece on wallets if you'd like a guide to all the different kinds on the market: http://bit.ly/WalletGuideCheers! |
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A hot wallet means that it’s connected to the Internet. Two of the most popular examples of hot wallets are Jaxx and Exodus. Hot wallets are either hosted on your mobile device or desktop computer. However, hot wallets are super convenient because you have access to the wallet at your fingertips. Hot wallets are generally used for keeping a smaller amount of cryptocurrency on hand for frequent transactions or trading.
A“cold” wallet is stored offline. This can be in the form of a paper wallet, a hardware wallet (like Trezor), or even on a USB stick. So if someone hacked or stole your mobile or desktop, there’s NO WAY they could access your crypto assets. Two of the more popular examples of hardware wallets are Trezor and Ledger.
They're often used for storing larger holdings of cryptocurrencies to keep them offline and off exchanges. They are basically like a savings account.
Hope this helps!
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If you're planning on holding a large sum of crypto, you'll want security to be your biggest factor. For that, you can't go wrong with a hardware wallet like Ledger Nano, or Trezor. However, there are a lot of factors to consider when choosing a wallet, such as if you want a multi-currency wallet, or if you're seeking an exchange/wallet in one. We go over all these factors in our blog post, so check it out http://bit.ly/WalletGuideHope this helps! |
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Unfortunately, crypto has fallen out of favor with some of the largest media and advertising channels over the past few weeks. Major online ad platforms like Facebook, Google, and Twitter have all announced effective or impending bans on ads related to cryptocurrencies or ICOs. We talk more about this in our recent blog post about crypto advertising...check it out http://bit.ly/CryptoAdvertisingCheers! |
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Congrats on taking initiative in regards to learning about the cryptospace! As others have said, you have a solid fundamental understanding. You mentioned at the end that blockchain has wider implications of business in general-that is true, and arguably it's the most important aspect of the technology overall. We expand on blockchain-as-a-service in our blog, feel free to check it out: http://bit.ly/ArdorandBlockchainIf you'd like an additional resource regarding blockchain tech, we have a comprehensive blockchain guide as well: http://bit.ly/GuidetoBlockchainHope these resources help you. Cheers! |
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Welcome to the crypto-world phosphor! This forum is a good place to start learning and the "beginners help" thread is exactly where you should be. When you have downtime, it's recommended to also read the btc white paper, familiarize yourself with blockchain technology and general crypto terminology and eventually the general p2p transaction process--where you will ultimately choose an exchange platform and wallet for your coins. For a concise yet informative guide on bitcoin check out our Bitcoin guide on our blog: http://bit.ly/Bitcoin101Guide Feel free to check out our other posts, however, for helpful guides on exchanges, wallets and blockchain tech as well. Cheers! |
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for pakistani local market try localbitcoins.com or remitano.com/pk
Make sure to check for positive ratings from each buyer/seller before engaging in any transactions
Cheers
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In the U.S., the IRS has made it a definitive point that they expect cryptocurrency investors, traders, and holders to report their crypto activities on their tax return. If you want more information on this, we just created a blog post on it, just in time to file  Bit.ly/TaxSeasonCrypto Good luck! |
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Unfortunately, the vast part of society does not understand it well. Thus, malicious people are using new tactics, as well as those that were used in fiat currency, to steal from unknowing people. However, there are a lot of way to avoid this, which we touch on in our blog post:
Bit.ly/ScamCoins
Hope this helps!
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Airdrops are basically free money and can be delivered through forks, ICOs, etc. A well-known examples of an airdrop is when Bitcoin Cash gave current Bitcoin holders an equivalent amount of Bitcoin Cash. If you want more information, you might find this link helpful:
Bit.ly/2qdKJjh
Cheers!
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Only buy from the official website, son't skimp and get a cheaper one from amazon or someplace like that. Never buy a used hardware wallet, not worth it. As someone else said, the recovery seed is all you need if you happen to damage your hardware wallet beyond use. Write the seed down on a piece of paper and put it in a place no one will ever look to find!...except for you, of course...and one more person of ultimate trust and confidence.
Cheers!
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You'll have to rank up to a Jr. Member at least for many of these. In the meantime try to learn as much as you can about the crytpo and this community so you the be the most productive of participants (and also one who isn't likely to fall into scams).
Cheers!
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BTC has a much larger ecosystem of investors, developers and an established (and growing) number of believers. As you say, competition is good, it will keep the big coins in check. If there is ever an altcoin that develops a truly revolutionary feature be sure to see btc adopt said feature as well. You can't overlook btc's power with how vast its resources are. All that said, again, as crypto enthusiasts we should welcome new altcoins (but true altcoins not scams) that spark new ideas and technologies. The plan is to have these currencies stay.
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