New and Lost After So Much Trolling

[sao182]

Hi guys!

I am in the USA (I see people saying location is important)

My friend turned me on to BTC and I've been watching coinbnase for about 8 months.

I just got a laptop so I am now able to really dive in.

I just want to know the safest way to purchase BTC.

I've been reading so many threads and all of this jargon is going over my head.

I don't intend to actually invest until I fully understand.

I just need a guide for the safest way to go through the entire process of buying BTC (I'd like to invest between $2k-5k with the intention of just letting it sit for quite some time) I don't even know if thats the smart move.

Any advice is appreciated.

You can even bombard me with random helpful links that simply explain BTC. I've watched a plethora of videos but they use jargon I don't understand or they dive into alt coins/mining or other things that I don't think I'm ready to even entertain.

I understand there are multiple ways to skin a cat, as they say. I just want to learn some of the basics for the safe and smart practices.

Thanks and much love.

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[HabBear]

Your poll doesn't make sense to me.

Buying bitcoin is really easy using Coinbase. Where do you live in the US? Coinsbase isn't serving people who live in Wyoming or Hawaii. Those state laws forced Coinbase out (indirectly, Coinbase decided it wasn't worth their effort).

If you don't like Coinbase, you can check out Circle which is also US based.

Once you own Bitcoin you can think about how to keep it safer with a hardware wallet or cold storage or paper wallet. Here's a link to help you sift through all the wallet options: https://bitcoin.org/en/choose-your-wallet

There are a lot of good introductory threads on this site (not to mention the web). You need to do some reading on your own.

Here's a forum thread introduction to wallets: https://bitcointalk.org/index.php?topic=1631151.0

Do some reading here. Get specific with your questions and you'll get better answers. We're here to help!

[Tipstar]

If you are in USA and have a bank account, coinbase is one of the safest place to buy bitcoins.

You can also look for local people that are dealing with bitcoins as it might be more cheaper than other source.

If you are dealing with large amount, use a hard wallet and secure its keys. (write down, or export a paper wallet)

[TeamSnapshot]

The bitcoin.org website would be a good place to start.
Considering the amount you are looking to invest we'd suggest purchasing a hardware wallet for cold storage. Something like a Trezor or a Ledger, each product should have tutorials on their websites.

[NorrisK]

First thing you should do before purchasing any coins is make sure your computer security is very good.

Up to date virus scanner, second opinion scanner, OS and drivers. Next, you will want to make sure you don't reuse passwords and that they are actually good passwords.

Also, become very wary of anything that may infect your computer, don't just download any file for any reason.

After that, you may think about buying some coins and as you and others have mentioned, coinbase is probably a good option.

[mk4]

Hi guys!

I am in the USA (I see people saying location is important)

My friend turned me on to BTC and I've been watching coinbnase for about 8 months.

I just got a laptop so I am now able to really dive in.

I just want to know the safest way to purchase BTC.

I've been reading so many threads and all of this jargon is going over my head.

I don't intend to actually invest until I fully understand.

I just need a guide for the safest way to go through the entire process of buying BTC (I'd like to invest between $2k-5k with the intention of just letting it sit for quite some time) I don't even know if thats the smart move.

Any advice is appreciated.

You can even bombard me with random helpful links that simply explain BTC. I've watched a plethora of videos but they use jargon I don't understand or they dive into alt coins/mining or other things that I don't think I'm ready to even entertain.

I understand there are multiple ways to skin a cat, as they say. I just want to learn some of the basics for the safe and smart practices.

Thanks and much love.

You've watched coinbase for 8months but you're just gonna invest now? Surprising. lol. Anyway,

If you haven't researched much about bitcoin yet, look at the guide compilation of coindesk. helped alot of my mates in the past.
Link: http://www.coindesk.com/information/

Now if you wanted to buy bitcoins 'safely', probably buy on coinbase, bitfinex, or GDAX. You probably know how to use google so I wont link them one by one.

Now if you want extra security to protect your crypto, invest in a hardware wallet. again, lookup trezor, ledger nano S, and keepkey. Goodluck.

[iluvpie60]

First thing I noticed is that your poll doesn't make any sense. Is English not your first langauge? I am having  a hard time understanding the poll question and the title of your post.

Anyways, if you are in the USA and wanting to use coinbase yes it is safe and ok to use. They will ask you to verify your identity and then you will be able to link your credit card and banka account. Once you have that done you can buy coins and transfer to exchanges to trade back and forth, or to hold in your own wallet on your pc/phone(make 4 or 5 backups to ensure you don't lose it all).

Hope that helps

[xskl0]

If you want and advice don't wait until undestand it because in August will probably increase the price. Just go to coinbase and upload your documents of identity to be able to purchase bitcoins.  If you don't feel safe uploading it you can make a watermark with photoshop. In the watermark you shoud write the url of coinbase and the date.

[tyz]

Unfortunately, the forum is no longer the best stop for newbies. Crypto currencies have become a billion-dollar business and where there is so much money in the game, there are many different interests. FUD serves to pursue particular interests. It's a pity. In the past, it was definitely easier to find appropriate opinions and help here. I would recommend you to inform you in other sources. Blogs and Twitter are a good starting point.

[Dudeperfect]

I don't intend to actually invest until I fully understand.

I see tremendous potential in you as you have understood something that others take a year to understand. Now, coming back to your topic, I would recommend you to learn and understand about trading options. The basic one should be BTC/USD (as you are from US) and you can go with localbitcoins as you can use multiple payment options for both buying and selling. Initially go with limited yet secure payment options like bank transfer. Stay away from payment options where sender can revert the payment even after several weeks.

[khaled0111]

after 8 mounths i think you should have a good idea about what is going on. but since you are gonna invest 5k you are right to think twice and ask for help. anyway, bying bitcoin and saving it into a wallet don't need a big knowledge it's just like byuing anything online, just deal with known markets and wait for low price.

[sao182]

First thing I noticed is that your poll doesn't make any sense. Is English not your first langauge? I am having  a hard time understanding the poll question and the title of your post.

Anyways, if you are in the USA and wanting to use coinbase yes it is safe and ok to use. They will ask you to verify your identity and then you will be able to link your credit card and banka account. Once you have that done you can buy coins and transfer to exchanges to trade back and forth, or to hold in your own wallet on your pc/phone(make 4 or 5 backups to ensure you don't lose it all).

Hope that helps

Honestly the Poll just confused me. I didn't understand it's purpose or anything about it. Now after a little ridicule I understand.

To continue, I first want to thank everyone for their different insights. I linked my accounts via Coinbase as that is a main platform I'd like to use. I am ready to purchase I believe but I do not understand. When I purchase via bank account, it will take 4-5 days for me to receive my purchase? I feel that is a long time for the market pricing to change. Unless it means it takes the money out of my account within 4-5 days but I am able to get my purchase immediately. If that makes sense can someone help clarify? I intend to start small with investments until I fully understand the safe steps to protecting my wallets.

These forums are helpful but a lot of it is junk that only confuses me more.

I'll continue to ask for clarity as I stumble through my beginning phase. But much love to you guys for truly giving good guidance.

[sotoshihero]

@OP, in addition..You can also buy bitcoin at any trading site. There are many exchanges based on US and one of it I think is Poloniex? You can buy there and store to your wallet offline or put in another online wallet. You have many exchanges to choose from.

[uslfd]

What about Bittrex & Xapo? Do you guys think they are safe?

I have also just started however was a bit hesitant regarding buying Trezor as it doesn't support most altcoins

[AdolfinWolf]

What about Bittrex & Xapo? Do you guys think they are safe?

I have also just started however was a bit hesitant regarding buying Trezor as it doesn't support most altcoins

In terms of being "Hackable"? Bittrex has security developers who previously worked at amazon, so it's safe to say that their site is pretty secure, however it is never 100% secure. Everything can be hacked.

However the chances of this happening on bittrex are slim, and i am confident that bittrex itself is a legit "business".

[uslfd]

What about Bittrex & Xapo? Do you guys think they are safe?

I have also just started however was a bit hesitant regarding buying Trezor as it doesn't support most altcoins

In terms of being "Hackable"? Bittrex has security developers who previously worked at amazon, so it's safe to say that their site is pretty secure, however it is never 100% secure. Everything can be hacked.

However the chances of this happening on bittrex are slim, and i am confident that bittrex itself is a legit "business".

Thanks for the quick reply. Really appreciate your help. As a complete newbie I find myself overwhelmed by info and knowledge!

[|Bitkoin|]

The first time you buy Bitcoins you will want to use a site like LocalBitcoins which is the best platform for new users. Click here: https://localbitcoins.com/?ch=5wo5 and use the selection tab to locate offers in your area. Good luck!

[Dazedconfused11]

Remember to start small and don't put anything into crypto you aren't afraid to lose until you have really learned the ropes! Best of luck

[edward9953100]

What about Bittrex & Xapo? Do you guys think they are safe?

I have also just started however was a bit hesitant regarding buying Trezor as it doesn't support most altcoins

In terms of being "Hackable"? Bittrex has security developers who previously worked at amazon, so it's safe to say that their site is pretty secure, however it is never 100% secure. Everything can be hacked.

However the chances of this happening on bittrex are slim, and i am confident that bittrex itself is a legit "business".

Bitcoins can be bought through Direct Trading, Exchange Trading or from some other person with payola or other accounts. First two ways are the safest as they require you to verify you identity. If you want to buy them from someone with paypal, skrills or etc. you should first be sure about the person’s identity or you may get you money stolen.

[banake]

You should buy bitcoin on https://remitano.com/
This is trusted sure bro!
Btw, you should research before invest. Dont trust anyone!