Starting with Bitcoin

[SrEasts]

Hello everyone!

I'm new here, and i'm also new to buying/trading cryptocurrencies in general. For now i need help with a couple questions.

1 - Where should i acquire Bitcoin?

2 - Best way to store it? which wallet should i use?

3 - Which exchange should i use for trading? ( if possible list more than one and explain their advantages/disadvantages)

Thanks

[Rodrigo Santos]

Hello SrEasts,

1 - You’ll need to find a Bitcoin exchange that accepts your preferred payment method. Different payment methods also incur varying fees. Credit card purchases, for example, are often charged a fee of 3-10%, while most deposits with bank transfers are free. More information about fees can be found on each exchange’s website.

2 - You can find a wallet guide in this post: https://bitcointalk.org/index.php?topic=1631151.0

3 - Check out this list of major bitcoin exchanges/wallets around the world, and the payment options they allow: https://en.bitcoin.it/wiki/Trading_bitcoins
     In my opinion, two of the best exchanges are Kraken and Xapo.

[OmegaStarScream]

1. Where to buy it you mean? Coinbase, Kraken or just from individuals on the forums.
2. If you're holding small amounts and you're using bitcoins on a daily basis, go with Electrum otherwise invest into a hardware wallet.
3. Trading it for what? Altcoins? then you have Bittrex, Poloniex, Hitbtc and a few others, as for USD or fiat in general then websites I gave above should do the trick.

[mk4]

Next time, try Google-ing your questions or at least use the forum's search function before asking questions.

1. It depends on what country you're in. try out https://localbitcoins.com
2. A hardware wallet. Preferably, Trezor or Ledger Nano S- [General] Bitcoin Wallets - Which, what, why?
3. I personally prefer Binance due to it's large selection of coins and due to it's low trading fee (0.1%).

[SrEasts]

1. Where to buy it you mean? Coinbase, Kraken or just from individuals on the forums.
2. If you're holding small amounts and you're using bitcoins on a daily basis, go with Electrum otherwise invest into a hardware wallet.
3. Trading it for what? Altcoins? then you have Bittrex, Poloniex, Hitbtc and a few others, as for USD or fiat in general then websites I gave above should do the trick.

diference between coinbase and kraken?

[OmegaStarScream]

diference between coinbase and kraken?

The limits, fees, accepted payment methods, restricted countries etc. also, add Bitstamp to the list. I suggest checking them out and see what fits you more.

[thinkpad99]

Hello everyone!

I'm new here, and i'm also new to buying/trading cryptocurrencies in general. For now i need help with a couple questions.

1 - Where should i acquire Bitcoin?

2 - Best way to store it? which wallet should i use?

3 - Which exchange should i use for trading? ( if possible list more than one and explain their advantages/disadvantages)

Thanks

Many useful information can be found on Youtube. There are also many interesting books, but I think it is only at a later stage of the bitcoin adventure. Remember not to give up too quickly.

[BTCGOLD]

2. If you looking for good wallet i recommend you blockhain. I am using him long time and it is the best for me. Low fee for transaction is very useful

[AdolfinWolf]

2. If you looking for good wallet i recommend you blockhain. I am using him long time and it is the best for me. Low fee for transaction is very useful

Blockchain.info you mean?

There's actually no reason to use them because they have "low fees", they're basically a less secure, and less inclusive desktop wallet.

They are missing important features such as CPFP or RBF on transactions, so i'd say it is actually quite the opposite of offering "low fees".

[thinkpad99]

Hello everyone!

I'm new here, and i'm also new to buying/trading cryptocurrencies in general. For now i need help with a couple questions.

1 - Where should i acquire Bitcoin?

2 - Best way to store it? which wallet should i use?

3 - Which exchange should i use for trading? ( if possible list more than one and explain their advantages/disadvantages)

Thanks

Many answers and useful information on the questions you are about to find on Youtube. This is a great site where you can find videos for both beginners and advanced users.

[Velkro]

Hello everyone!

I'm new here, and i'm also new to buying/trading cryptocurrencies in general. For now i need help with a couple questions.

1 - Where should i acquire Bitcoin?

2 - Best way to store it? which wallet should i use?

3 - Which exchange should i use for trading? ( if possible list more than one and explain their advantages/disadvantages)

Thanks

Many answered but from different answers u will get smth new always.
1. from exchanges or from people directly by localbitcons
2. software wallet, but you must keep your computer clean from viruses, advantage is u control coins and only u
3. gemini/bitstamp/bitfinex, most known ones, reliable

[Davil]

Other members already answered to your questions, it's only left for me to congratulate you for joining this train that I hope will help you make much money.

Never is too late, at least not yet in crypto.

[SrEasts]

Hello everyone!

I'm new here, and i'm also new to buying/trading cryptocurrencies in general. For now i need help with a couple questions.

1 - Where should i acquire Bitcoin?

2 - Best way to store it? which wallet should i use?

3 - Which exchange should i use for trading? ( if possible list more than one and explain their advantages/disadvantages)

Thanks

Many answered but from different answers u will get smth new always.
1. from exchanges or from people directly by localbitcons
2. software wallet, but you must keep your computer clean from viruses, advantage is u control coins and only u
3. gemini/bitstamp/bitfinex, most known ones, reliable

1 - Is it cheaper to buy from default online exchanges like coin base? or from local stuff?

3 - opinion on bittrex?

[SrEasts]

Other members already answered to your questions, it's only left for me to congratulate you for joining this train that I hope will help you make much money.

Never is too late, at least not yet in crypto.

Thanks! I hope so too!!

[mirte86]

I used Kraken but the second time Anycoin!

[Eloisa]

2. If you looking for good wallet i recommend you blockhain. I am using him long time and it is the best for me. Low fee for transaction is very useful

Blockchain.info you mean?

There's actually no reason to use them because they have "low fees", they're basically a less secure, and less inclusive desktop wallet.

They are missing important features such as CPFP or RBF on transactions, so i'd say it is actually quite the opposite of offering "low fees".

Hello.. so does electrum wallet have these features?

[aardvark15]

Hello everyone!

I'm new here, and i'm also new to buying/trading cryptocurrencies in general. For now i need help with a couple questions.

1 - Where should i acquire Bitcoin?

2 - Best way to store it? which wallet should i use?

3 - Which exchange should i use for trading? ( if possible list more than one and explain their advantages/disadvantages)

Thanks

1) I have acquired Bitcoins through Coinbase and it worked well for me. They may only serve American customers but I’m not sure. You will need to supply information about your identity and bank account.

2) I prefer to store Bitcoins in a paper wallet but any wallet where you control the private keys should be okay. Don’t store Bitcoins on exchanges where you don’t control private keys.

3) For trading, Bittrex seems to be a good exchange. Kraken I have heard is okay. Bitfinex is good but it doesn’t support American customers. Poloniex is okay except their support is slow.

[PepperaOnIt]

Hello everyone!

I'm new here, and i'm also new to buying/trading cryptocurrencies in general. For now i need help with a couple questions.

1 - Where should i acquire Bitcoin?

2 - Best way to store it? which wallet should i use?

3 - Which exchange should i use for trading? ( if possible list more than one and explain their advantages/disadvantages)

Thanks

i think you should not buy only bitcoin. bitcoin now has a high price and it is not possible to get more profit when you invest to it ' for my opinion only'. there are lots of altcoins there that you can buy, trade, exchange and get more profit. look for the specification and history how good there was.

but if you want bitcoin you can buy it locally in your country because in my country does. you can also store it locally if there is too. but if not there are sites like bittrex and lots of more sites behind this.

[lasry]

I'm also new here. What I'm trying to do now at the moment I bought a portion of bitcoin and probably will sell it when it goes a bit higher. This method I think is not that risky because the price of bitcoin I think is just about to boom as countries recognize and support this currency. Not too dangerous but still need to get some good investment. btw I use coins.ph

[KeeKit]

A lot of cryptocurrencies are now emerging and Bitcoins are one of the originals. For me, the best is Ethereum! And it can possibly rank more than bitcoin. It has proved to be the best in terms of security and value. You may check this link for more information: www.propthereum.io

All answers to your possible qquestions will be there!