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Author Topic: Looking to purchase my first bit coin, need advice  (Read 2701 times)
20kevin20
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February 18, 2017, 02:25:26 PM
 #41

You don't need to share any personal data, if you want to be anonymous which is the best feature Bitcoin offers. If you want to purchase Bitcoins, you can either go to a local ATM near you that sells Bitcoin or you can do it through credit cards or face to face cash transaction which I don't recommend. What you need to know his that the ATMs offer a pretty high price though, usually $30 over the normal price.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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LittleBitFunny
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February 18, 2017, 02:43:29 PM
 #42

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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February 18, 2017, 02:48:11 PM
 #43

Buying bitcoin is simple these days, our forum has given access to contact persons and make trading to receive the bitcoin. Other than this trading websites are there which helps to buy bitcoin even without revealing identity. Buying is not a big deal. To store the bitcoin one need to have their own e-mail to create a bitcoin address to save.

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February 18, 2017, 02:55:11 PM
 #44

It's not complicate to buy bitcoin, really.
I advise you to do some research on this forum,  and you will find all info you need, in order to start.
You have a several ways to get bitcoin.
Purchase is one, but you can collect bitcoin in other ways, for some work offered, with writing on this fiorum (signature campaigns), collecting faucets etc.
Please do also good research about bitcoin wallets, in order to find good one.

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February 22, 2017, 04:02:29 PM
 #45

Yeah, it is necessary to give the bitcoin wallet and you should start to sign up on the exchange site, than the procedure will start and step by step do your payment method for buy the bitcoin and i think you are confused to use you bitcoin wallet address because you are newbie but don't worry.
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February 22, 2017, 04:23:06 PM
 #46

I would go with coinbase they are a legitimate source of Bitcoin. Also I wouldn't recommend using apps such as that also coinbase allows you to have your own wallet and just straight up use their site as well to keep track of your wallets and all.
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