LittleBitFunny
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The first decentralized crypto betting platform
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February 18, 2017, 02:43:29 PM |
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If you want to actually invest in Bitcoin instead of getting some from faucets or working for some to start with, here's what to do:
1. Get a better wallet. It's best to make an informed decision about your wallet because a lot of Bitcoin services will try to scam you. If you're keeping a small amount, I would suggest Blockchain, or maybe Coinbase, as they are online wallets which are fairly secure. If you're keeping more, I would suggest a cold (offline) wallet like Armoury.
2. Research Bitcoin a bit more. Bitcoin addresses should change. After you make an address you still have the old ones so you could put it in your signature for example and if someone sent BTC to it that would still go into your wallet. But there are new addresses because if you kept the same address everyone you transacted with would be able to see your transactions - this is the sort of thing you should know before buying.
3. Consider an exchange like Bitstamp for exchanging Bitcoin with fiat currency. Don't store all your money in the exchange though - something could go wrong, like what happened to Mt. Gox in 2013.
Make sure you buy the Bitcoin when the price is a bit lower. Right now the Bitcoin price is pretty damn high.
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