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Author Topic: Can someone explain this simple question to do with BTC Wallets.  (Read 1205 times)
Velkro
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September 09, 2016, 12:20:59 PM
 #21


What are the benefits / pros / cons of using localbitcoin as my general wallet? If i do move my btc out of localbitcoin, will i get charged a fee?
Cons are big, one is that u don't actually control your own coins. Localbitcoin will go down and you don't have access to your coins.
Get yourself a mobile application. Thats how u will always have your bitcoins with yourself and you will always need only to show ur client your phone to he be able scan QR code and pay you.

I could write all night long about pros and cons, but you should know by now through this many posts above, that its not good idea in general.

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September 09, 2016, 04:52:33 PM
 #22

It is always not recommended to keep your coins in the exchange wallet , as you dont got any control on that wallets, exchange wallet should be used only if you want to sell your bitcoins, and as soon as you have bought it you should transfer to your hardware wallet or desktop wallet which is totally safe and you are in control of it. Dont worry about a small fee for transferring the bitcoins as this small fee will save you from getting into any scam and loosing your purchased coins.














 

 

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Accountcreators
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September 09, 2016, 05:42:40 PM
 #23

You can do a lot of things with your btc wallets. Just start where all newbies should start at bitcoin.org website.

You claim to be a player but I fucked your wife.
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September 11, 2016, 12:24:50 AM
 #24

I don't think it matters what wallet you use as long as it is secure. If you move it to an online wallet, you may not want to keep it there long term for security but you may need to have it there for making purchases or transfers.
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September 11, 2016, 12:29:02 AM
 #25

Hello.
I am fairly new, i have purchased some btc on localbitcoin which i used to buy some digital goods, but there is a small remainder there.
I am looking to make some btc now thru selling some services myself, Do i ask my buyers to send the bitcoin to that wallet, or should i move the bitcoin from my localbitcoin wallet to a different one? I notice there are small fees which apply.

What are the benefits / pros / cons of using localbitcoin as my general wallet? If i do move my btc out of localbitcoin, will i get charged a fee?
Can you suggest which wallet to use?

Thanks for the help in advanced!
Hi welcome to the community well you done a great job you brought some bitcoin and thas a nice move you can start do tradi g where you gonna buy some alternative coins so that you can able to sell that when the coin pump nor rise the price it self you can use bitcoin wallet base on your country if you have one.

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September 11, 2016, 01:03:57 AM
 #26

Hello.
I am fairly new, i have purchased some btc on localbitcoin which i used to buy some digital goods, but there is a small remainder there.
I am looking to make some btc now thru selling some services myself, Do i ask my buyers to send the bitcoin to that wallet, or should i move the bitcoin from my localbitcoin wallet to a different one? I notice there are small fees which apply.

What are the benefits / pros / cons of using localbitcoin as my general wallet? If i do move my btc out of localbitcoin, will i get charged a fee?
Can you suggest which wallet to use?

Thanks for the help in advanced!
since at every transaction in the bitcoin charges you as a transaction fee for payment confirmation in block of bkockchain .
i will suggest you to use official wallet of bitcoin which is blockchain.info , i i hope you will find blockchaain a better wallet than other and second one i will syggest use blockchain.info android app instead of desktop site .


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