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Author Topic: Noob- Help needed!  (Read 2186 times)
StevenS
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January 08, 2016, 10:46:34 PM
 #21

There are trade-offs on all the methods mentioned. Here are a few that I have used:

Bitstamp.net: I first used this to buy US$300 worth.
Issue: Since I'm not in Europe, I had to send the money by wire transfer, which was trouble filling out the paperwork at the bank, and involved a significant wire transfer fee.

LocalBitcoins.com, for cash: Not bad, but sometimes it's hard finding a meeting place.
Pro: You get to meet new people who are also interested in Bitcoin.
Con: If you're not located near another LocalBitcoin user, you can't use this.

LocalBitcoins.com, cash deposit: In this case, you deposit cash to a certain bank account, or send cash through a service such as Western Union.
Issue: Again, the money transfer fee.

Coinbase: I thought I found the perfect way to buy bitcoin, and I did purchase some, but then they started asking for my government-issued ID, which I refused because I am worried about identity theft. Because of that, they refused to allow me to deposit any more US$ to my coinbase account, making it useless.

Circle: This will be my next attempt to buy bitcoin. I registered last November, but there is a problem linking my Circle account to my credit union. I was too busy during the Christmas holiday to resolve this issue with my credit union, but I'll try again this month.

Summary: At the moment, I'd like to buy more bitcoin, but it's not as easy as walking into a Forex office.
Pedro.Spell (OP)
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January 09, 2016, 04:24:36 AM
 #22

Thanks for all your help guys! Let´s see if i got it...
Basically, you use a link as yout bitcoin "account", wich is called wallet. Than someone or some company send bitcoins to your wallet after you pay them. Thank the amount of bitcoins you bought will be there. The wallet can be online, software and can be stored offline in a hd or pen drive.
I would like to buy $25k. What would be the best way to buy it? In my country its forbiden to buy bitcoins via credit card, so the only way is buying from someone. All the seller that i checked on localbitcoins only sells small amounts. It seems the best option of wallet for me would be a hardware wallet that i could put in a safe lock, is that correct? What guarantees i have that the money will be in my wallet/link in the future? I won´t ask about nodes and mining because i know it would make another topic...
I basically want to buy $25k in the safest way possible and store it for the future.
icem3lter
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January 09, 2016, 04:38:10 AM
 #23

Honestly dude, you gotta do some research before you buy an amount like that. Learn about Bitcoin, how it works, etc.

It takes time and effort. I was a newbie too once...and it can be hard to wrap your head around Bitcoin at first, but I've been there done that.

I would advise you to go on a website like Bitstamp or Bitfinex to buy. They are reputable and safe. Bitfinex has the lowest fees FYI.


subcypher
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January 09, 2016, 04:43:36 AM
 #24

The advice given here is great and I don't want to detract from that. But, if you're looking for a step by step way to get started, check out the tutorials on my website. They're designed to get you up and running as quickly and efficiently as possible.

Founder: Incorporating Bitcoin. Bitrated user: subcypher.
erre
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January 09, 2016, 08:48:58 AM
 #25

Thanks for all your help guys! Let´s see if i got it...
Basically, you use a link as yout bitcoin "account", wich is called wallet. Than someone or some company send bitcoins to your wallet after you pay them. Thank the amount of bitcoins you bought will be there. The wallet can be online, software and can be stored offline in a hd or pen drive.
I would like to buy $25k. What would be the best way to buy it? In my country its forbiden to buy bitcoins via credit card, so the only way is buying from someone. All the seller that i checked on localbitcoins only sells small amounts. It seems the best option of wallet for me would be a hardware wallet that i could put in a safe lock, is that correct? What guarantees i have that the money will be in my wallet/link in the future? I won´t ask about nodes and mining because i know it would make another topic...
I basically want to buy $25k in the safest way possible and store it for the future.

25k is a pretty big amount of money! What is your country?
Storage shouldn't be a big problem, but you need to find some reliable source to buy btc, and if you can't use exchangers  (they need a wire transfer, not credit card) it would be hard...

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crazyivan
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January 09, 2016, 09:13:49 AM
 #26

I use Bitstamp quite often. No issues whatsoever, great service, recommended. However, since u re a newbie, I suggest to try with a small amount first, $100 for example. Once you figure out the system, you can continue.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
Pedro.Spell (OP)
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January 11, 2016, 01:28:15 PM
 #27

So the money would be tied to the link, right? One thing i don´t get is, why can´t i transfer the information from one computer/hard disk to another? I mean, if i have a software wallet, and put some bitcoins there, can i copy this wallet to another computer? How is the money/bitcoins tied to a wallet?
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January 11, 2016, 02:21:10 PM
 #28

I really want to buy Bitcoins, but i don´t feel safe doing it. I´ve been reading a lot in the past months, but still feeling unsafe to buy. I would like to know if you guys could give me a step by step on how to buy it, how it works, how safe it is, what would be a safe way to buy and store it and so on. Thanks in advance for any help!

Resgister at coinbase, then verify your ID and make a transfer (SEPA) to coinbase account (follow the instructions in the site, it is quite simple). Then, inside your account you can exchange your $$ for Bitcoin.

Once you have your Bitcoins in your coinbase account, you can install a local wallet and send the Bitcoins to it for more security. For example you can try multibit hd (just google it, download and install it). Encrypt your wallet (I think you can do it in your installation proccess) and send your bitcoins from coinbase to multibit HD.

Setup the backups in multibit hd and store your passphrase in a safe place.

I think that is quite safe, but you can also make paper wallets and all (which I have no idea how to do)


fuathan
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January 11, 2016, 02:47:43 PM
 #29

Try Xapo and you can open an e-wallet account at the same time.

www.xapo.com
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January 11, 2016, 04:49:19 PM
 #30

Having the secured feeling are somewhat we are trying to cope when using such new technology.
But try to find more resource of about the technology and the wallet
try to search about "multisig bitcoin" on youtube that will give you the finer perspective about the security
and after that knowledge, choose the best way you feel more comfortable about buying the bitcoin
through exchanger? local meetup?
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January 11, 2016, 05:14:38 PM
 #31

You should give us some more information... What is your fears? ...the process of buying it or the safekeeping of these coins? I was lucky when I started out.. I got introduced

to a honest person and he guided me in the right direction. You should see if you could attend a local Bitcoin meetup in your area and meet some people. You should start with

small amounts, until you feel comfortable with the technology and then go bigger...  Wink

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January 11, 2016, 06:03:07 PM
 #32

I really want to buy Bitcoins, but i don´t feel safe doing it. I´ve been reading a lot in the past months, but still feeling unsafe to buy. I would like to know if you guys could give me a step by step on how to buy it, how it works, how safe it is, what would be a safe way to buy and store it and so on. Thanks in advance for any help!

The best advice I can give you is not to invest money you can't afford to lose. Bitcoin is extremely volatile and has wiped out investors.

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