WheatBreadSaid (OP)
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June 21, 2015, 02:53:57 PM |
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Hello Bitcointalk.org forum. i am new to Bitcoin so i am here to ask all of you a question. Is "Circle" a good website to purchase Bitcoins? Are they legitimate? If i do manage to purchase some Bitcoin where is the best place to keep my shiny new purchased coins?
Thanks everyone
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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subSTRATA
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June 21, 2015, 03:08:10 PM |
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circle is a great place to buy bitcoin, in fact id say its one of the better exchanges. theyve been around a while and can be trusted 100%. as for where to keep them, you can keep them on your circle wallet, but id advise against that; heres a list of HD wallets you can use to store your bitcoin. https://bitcoin.org/en/choose-your-wallet |
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WheatBreadSaid (OP)
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June 21, 2015, 03:22:37 PM |
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circle is a great place to buy bitcoin, in fact id say its one of the better exchanges. theyve been around a while and can be trusted 100%. as for where to keep them, you can keep them on your circle wallet, but id advise against that; heres a list of HD wallets you can use to store your bitcoin. https://bitcoin.org/en/choose-your-walletthank you, i appreciate your feedback. that link has a great list of bitcoin wallets. its hard to choose one lol. have you purchased any bitcoin from "Circle"? if so what was your experience? once again thank you very much for your feedback. |
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subSTRATA
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June 21, 2015, 03:24:36 PM |
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circle is a great place to buy bitcoin, in fact id say its one of the better exchanges. theyve been around a while and can be trusted 100%. as for where to keep them, you can keep them on your circle wallet, but id advise against that; heres a list of HD wallets you can use to store your bitcoin. https://bitcoin.org/en/choose-your-walletthank you, i appreciate your feedback. that link has a great list of bitcoin wallets. its hard to choose one lol. have you purchased any bitcoin from "Circle"? if so what was your experience? once again thank you very much for your feedback. I have 1 transaction 1 circle for 50 usd, it just takes a few days for the transaction (bank wire) to go through. as for the wallets, just choose one that best suits your needs after reading up on what each wallet has to offer. |
theres nothing here. message me if you want to put something here.
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WheatBreadSaid (OP)
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June 21, 2015, 03:39:42 PM |
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circle is a great place to buy bitcoin, in fact id say its one of the better exchanges. theyve been around a while and can be trusted 100%. as for where to keep them, you can keep them on your circle wallet, but id advise against that; heres a list of HD wallets you can use to store your bitcoin. https://bitcoin.org/en/choose-your-walletthank you, i appreciate your feedback. that link has a great list of bitcoin wallets. its hard to choose one lol. have you purchased any bitcoin from "Circle"? if so what was your experience? once again thank you very much for your feedback. I have 1 transaction 1 circle for 50 usd, it just takes a few days for the transaction (bank wire) to go through. as for the wallets, just choose one that best suits your needs after reading up on what each wallet has to offer. ok that sounds great. thank you for your help and time, i have made up my mind. i think i am going to go with Bitcoin Core as my wallet. i am also going to purchase some bitcoin from circle right now. thank you again you have helped out a lot! |
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odolvlobo
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June 21, 2015, 04:37:34 PM |
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I have bought a lot of bitcoins from Circle. They are very convenient. The drawback is that you give them direct access to your bank account.
I cannot recommend Coinbase because they track you and they will ban you if they don't like what you are doing with your bitcoins.
As for a wallet, Bitcoin Core is not a great choice. Before using it, you have to download the block chain (which can take days). And every time you start it up, it has to validate its database and sync the block chain (which takes several minutes).
I recommend Airbitz on your phone because it is very easy to use and very secure, and Electrum on your computer.
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keyscore44
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June 21, 2015, 06:52:25 PM |
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Hello Bitcointalk.org forum. i am new to Bitcoin so i am here to ask all of you a question. Is "Circle" a good website to purchase Bitcoins? Are they legitimate? If i do manage to purchase some Bitcoin where is the best place to keep my shiny new purchased coins?
Thanks everyone
never used circle myself but I have heard a lot of positive feedback from other users. far as i know it's only for US customers which is a shame, maybe I'll get to try them out one day. like odolvlobo said, Electrum is one of the easiest wallets to use. if you download a wallet app for your phone just make sure you don't keep too much btc on there. |
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WheatBreadSaid (OP)
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June 21, 2015, 07:12:30 PM |
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I have bought a lot of bitcoins from Circle. They are very convenient. The drawback is that you give them direct access to your bank account.
I cannot recommend Coinbase because they track you and they will ban you if they don't like what you are doing with your bitcoins.
As for a wallet, Bitcoin Core is not a great choice. Before using it, you have to download the block chain (which can take days). And every time you start it up, it has to validate its database and sync the block chain (which takes several minutes).
I recommend Airbitz on your phone because it is very easy to use and very secure, and Electrum on your computer.
Thank you for your feedback. you are very right too. the BlockChain is downloading very slowly for me. i was starting to think i did something wrong but then i read your post and now i know its normal. i will checkout AirBits right now too. thank you for the suggestion and thank you for your time. |
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WheatBreadSaid (OP)
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June 21, 2015, 07:25:09 PM |
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Hello Bitcointalk.org forum. i am new to Bitcoin so i am here to ask all of you a question. Is "Circle" a good website to purchase Bitcoins? Are they legitimate? If i do manage to purchase some Bitcoin where is the best place to keep my shiny new purchased coins?
Thanks everyone
never used circle myself but I have heard a lot of positive feedback from other users. far as i know it's only for US customers which is a shame, maybe I'll get to try them out one day. like odolvlobo said, Electrum is one of the easiest wallets to use. if you download a wallet app for your phone just make sure you don't keep too much btc on there. thanks for the input. are there dangers with storing btc on your phone? |
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odolvlobo
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June 21, 2015, 08:22:49 PM |
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thanks for the input. are there dangers with storing btc on your phone?
There are two dangers particular to mobile devices: 1. Losing your bitcoins when you lose, break, or wipe your phone: You must back up your wallet or wallet seed. If you do, then you can always restore your wallet on another phone. 2. Losing your bitcoins through theft of the phone. If your wallet is not encrypted, then somebody can steal your bitcoins by stealing your phone. The wallet must be encrypted and allow access only with a password. If you do that, then nobody can steal your bitcoins. Do not use a wallet that does not protect against either of these dangers. |
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GreenStox
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June 21, 2015, 08:38:20 PM |
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thanks for the input. are there dangers with storing btc on your phone?
There are two dangers particular to mobile devices: 1. Losing your bitcoins when you lose, break, or wipe your phone: You must back up your wallet or wallet seed. If you do, then you can always restore your wallet on another phone. 2. Losing your bitcoins through theft of the phone. If your wallet is not encrypted, then somebody can steal your bitcoins by stealing your phone. The wallet must be encrypted and allow access only with a password. If you do that, then nobody can steal your bitcoins. Do not use a wallet that does not protect against either of these dangers. 3. If the wallet is encrypted, there are still malwares that target specifically smartphones, that are capable to log keystrokes and send them back in SMS to the bad guy, so be careful with this also. |
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WheatBreadSaid (OP)
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June 21, 2015, 09:07:42 PM |
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thanks for the input. are there dangers with storing btc on your phone?
There are two dangers particular to mobile devices: 1. Losing your bitcoins when you lose, break, or wipe your phone: You must back up your wallet or wallet seed. If you do, then you can always restore your wallet on another phone. 2. Losing your bitcoins through theft of the phone. If your wallet is not encrypted, then somebody can steal your bitcoins by stealing your phone. The wallet must be encrypted and allow access only with a password. If you do that, then nobody can steal your bitcoins. Do not use a wallet that does not protect against either of these dangers. oh ok i understand. thanks for the tips. you guys are a lot of help on this forum! |
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bitnanigans
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June 21, 2015, 09:40:19 PM |
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Circle is a great service for purchasing bitcoin. With regards to storing bitcoin, it's best to make use of a wallet that offers multisignature (or multisig) addresses for short. This offers the most safety and security.
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Reynaldo
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June 22, 2015, 12:38:32 AM |
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there is greenbits for android; multibit for computer (wallets);
I've bought lots of bitcoins in circle.com in the past few months, feel free to use them and trust them, although always move your bitcoins from there.
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Amph
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June 22, 2015, 06:14:20 AM
Last edit: June 22, 2015, 02:59:20 PM by Amph |
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thanks for the input. are there dangers with storing btc on your phone?
There are two dangers particular to mobile devices: 1. Losing your bitcoins when you lose, break, or wipe your phone: You must back up your wallet or wallet seed. If you do, then you can always restore your wallet on another phone. 2. Losing your bitcoins through theft of the phone. If your wallet is not encrypted, then somebody can steal your bitcoins by stealing your phone. The wallet must be encrypted and allow access only with a password. If you do that, then nobody can steal your bitcoins. Do not use a wallet that does not protect against either of these dangers. 3. If the wallet is encrypted, there are still malwares that target specifically smartphones, that are capable to log keystrokes and send them back in SMS to the bad guy, so be careful with this also. not to mention that mobile are more susceptible to malware, they are more vulnerable overall in comparison to a desktop i'll never store more than what i need in a mobile, actually i'm not using them at all for that, i would prefer to pay with some other HW wallet, if there will be ever the option |
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altcoinhosting
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June 22, 2015, 06:20:54 AM |
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I use circle as a wallet to keep a small amount of coins, tried to add my bank account once, but got a lot of warnings they "might" not support non-US banks. So i stopped at that step.
Anybody from outside the US has added their bank account to circle?
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GreenStox
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Undeads.com - P2E Runner Game
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June 22, 2015, 02:39:40 PM |
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thanks for the input. are there dangers with storing btc on your phone?
There are two dangers particular to mobile devices: 1. Losing your bitcoins when you lose, break, or wipe your phone: You must back up your wallet or wallet seed. If you do, then you can always restore your wallet on another phone. 2. Losing your bitcoins through theft of the phone. If your wallet is not encrypted, then somebody can steal your bitcoins by stealing your phone. The wallet must be encrypted and allow access only with a password. If you do that, then nobody can steal your bitcoins. Do not use a wallet that does not protect against either of these dangers. 3. If the wallet is encrypted, there are still malwares that target specifically smartphones, that are capable to log keystrokes and send them back in SMS to the bad guy, so be careful with this also. not to mention that mobile are more susceptible to malware, they are more vulnerable overall in comparison to a desktop i'll never store more than what i need in a mobile, actually i'm not usin them at all for that, i would prefer to pay with some other HW wallet, if there will be ever the option Well they are already making Bitcoin Debit cards, that are real debit cards but just for bitcoin, so if your average merchant has a card reader and would accept bitcoin. It could be done eventually. |
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LiteCoinGuy
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In Satoshi I Trust
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June 22, 2015, 04:02:29 PM |
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Use Circle, Coinbase, Bitstamp or Kraken. All are good.
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Acidyo
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June 22, 2015, 05:40:06 PM |
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Using Circle is a good move. They are competing heavily with coinbase, and in my opinion almost winning. They allow you to instant buy about $100 a week, and their customer service is spot on. Circle is a GREAT place to buy bitcoin!
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scarsbergholden
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June 22, 2015, 06:12:36 PM |
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Using Circle is a good move. They are competing heavily with coinbase, and in my opinion almost winning. They allow you to instant buy about $100 a week, and their customer service is spot on. Circle is a GREAT place to buy bitcoin!
I haven't used Circle but i guess people have a lot of good things to talk about them, im not a fan of coinbase at all there image is way to corp at this moment, i usually use a friend, well he became my friend after always buying from him in localbitcoins. |
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