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Author Topic: Where can I buy bitcoin as a newbie?  (Read 279 times)
Pokapoka124
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April 19, 2023, 11:13:06 PM
 #21

He avoid secretly just make sure I don't have the knowledge of how much he has and how much he wants to invest.

That says a lot about your brother, I’m guessing he told you this sorry after he discovered the website was a fake, it’s incredible that he could trust outsiders and not his brother with money. I suspect he invested the money in a hyip company, someone who’s been exposed to bitcoin for three weeks should be able to know how to buy bitcoins using p2p. Even if you haven’t got to that part yet, a quick search on google could have taught him how to buy bitcoins from exchanges.

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April 19, 2023, 11:24:43 PM
 #22

I understand how you felt for you brother who got involved with a scam site probably those who promised him to invest and get 40 percent to what he has invested in few weeks or months. If that your brother or you both were clever enough you could have raised this topic for people in the forum here to guide you both and prevent you guys from that huge lose. 700$ is a reasonable amount when converted to our local currency, I will suggest you should tell your brother to join this forum to get self education by developing his hearts to reading across the forum.
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April 19, 2023, 11:32:04 PM
 #23

He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.
But unfortunately it was a scam site, he can not access the site again, he can't find the guy the create the wallet.
I just don't understand why most of the newbie even trust on other people with there money, like you guys (newbies) have to be more careful and take extra pre-caution as you guys have less knowledge. so instead of putting your trust on someone, you should buckle up your seats and made up your mind with confidence and think about it openly. If you found no mentor for getting help then go for YouTube and search with some simple keywords "How to buy BTC" modify the keyword according to your need like on centralized or decentralized exchange. plus newbies also want to get knowledge of where they should keep there money save like which wallet is best for them, in which type (like in hot or cold).

700 dollars is not a small amount, you guys have to be more careful. If you ever think about accumulating BTC again then you can go through this topic of Things to keep in mind before accumulation of Bitcoin plus you may want to understand the difference between wallets and there difference then you can go through this topic [Crypto Wallets] Cold and Hot Wallets and their Approach , Note* i am not promoting my posts just want to share knowledge with you guys.

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April 20, 2023, 12:02:24 AM
 #24

I suggest newbies to visit bitcoin.com and buy any cryptocurrency. You can buy with you gift card, debit card, bank account, apps wallet and so on to avoid loss. In block chain one hardly loss wallets except you loss private keys but if you go to wrong site you will loss everything.
www.bitcoin.com
As a junior member, I don't know why you direct newbies to buy Bitcoin there?. because as I remember, that's site is for Bitcoin cash, don't get be a trap by a person who brought the big name of Bitcoin. If I were you, I will direct my friend or my circle to buy Bitcoin on big listed exchange like Binance and sending it to my own wallet which I own the private key. So don't buy or invest in which you and friends don't know anything about.

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April 20, 2023, 03:36:13 AM
 #25

Bitcoin[dot]com is a misleading site owned by Roger Ver where he claimed Bitcoin Cash is a real Bitcoin and a real Bitcoin is Bitcoin Core.

There are still many trusted exchanges you can use to buy Bitcoin without get scammed. For CEX you can use Binance, Kucoin, Kraken etc. For DEX you can use Bisq. For P2P you can use hodlhodl.

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April 20, 2023, 09:16:39 PM
 #26

He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.

But unfortunately it was a scam site, he can not access the site again, he can't find the guy the create the wallet.

Newbies are an easy target for scammers by attracting victims who want to invest in Bitcoin and provide high promises of high profits in the short term. Unfortunately, not all newbies can be careful, logical, or thorough. Even some of them are very interested in things like that so they don't want to research further about them. Basically, when you are new, you should find it easier to get a platform for buying and selling Bitcoin on top global exchange sites. As with Binance, Coinbase, Kucoin, Okex, and other top exchanges. So it will be safer for them.

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April 23, 2023, 11:50:47 AM
 #27

Many newbies wish to buy bitcoin but most at times we buy in a wrong place, like the case of a brother who I taught what cryptosystem is about, after 3weeks of spending time with him. He avoid secretly just make sure I don't have the knowledge of how much he has and how much he wants to invest.
He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.
But unfortunately it was a scam site, he can not access the site again, he can't find the guy the create the wallet.
I feel Sad for your brother loss, 700$ is big amount for a person like me, basically before any investment you should learned deeply about it in order to avoid loss, I think you can play an important role by guiding him properly about investment scam and all scammer before investment so he will be not be careless like that and his fund can be safed. But anyway he will get huge lesson from that ancident.
Quote
I suggest newbies to visit bitcoin.com and buy any cryptocurrency. You can buy with you gift card, debit card, bank account, apps wallet and so on to avoid loss. In block chain one hardly loss wallets except you loss private keys but if you go to wrong site you will loss everything.
www.bitcoin.com
I think it's not a good suggestion because buying Bitcoin with debit card will damage your privacy in country where Bitcoin is illegal, so the best option is to buy through Binance P2P or some one else decentralized exchange where safety and privacy are sured.

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April 23, 2023, 06:15:40 PM
 #28

Many newbies wish to buy bitcoin but most at times we buy in a wrong place
I dont believe  this has anything to do with being a newbie, its really about how one authenticates a service about being genuine or not..

Personally if am not sure of a service, I look at the trustpilot page if any, look at the social media pages and how active they are and if there is any engagement from their community.

He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.

But unfortunately it was a scam site, he can not access the site again, he can't find the guy the create the wallet.
But how did he trust a stranger to do all this for him?

And on the part of him having to tell you that he wants to buy crypto, i dont think that was necessary and for people new to the crypto world I think peer2peer platforms are better options


I suggest newbies to visit bitcoin.com and buy any cryptocurrency.
Today we have so many ways of buying crypto and if not using a decentralized platform get ready for KYC before you buy your crypto.

 
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