What is the best wallet for crypto noobies?

[Kidd_Omega21]

I have some money in my bank account and I want to buy and sell cryptocurrency, but I'm kind of lost where to do it.
What is a good wallet where I can easily buy and sell different cryptocurrencies fast with little or no fee?
I'm considering using Coinbase right now, but I'm not sure which ones are good and which ones aren't.
I'm 17 by the way just in case if some stuff requires me to be an adult or something on some wallets (i have no idea)
I'm not gonna trade like thousands of dollars, but maybe like couple hundred at most.
Suggestions or information would be greatly appreciated. I accept questions and etc.

[1713900867]

1713900867

[mk4]

You need to get this clear though. Are you looking for a wallet or an exchange? Because if you're going to buy and sell the coins pretty frequently and you're not planning on holding the coins as for speculation, then an exchange like Coinbase would probably fit you best. Also, what do you mean by "I want to buy and sell cryptocurrency?". Do you mean you're going to buy and sell to people in your local area? Or were you referring to day trading?

You really don't expect something with little to no fees though, the best you can do is to minimize the fees by using something like Coinbase Pro, Coinbase's spot exchange(the exchange with charts and stuff).

The "best" exchange to use for you really depends on what country you're in though. But if Coinbase allows users from your country, then it's probably your best bet. Though I'm really not sure if they have an age requirement.

If you want to read more concerning wallets:

• https://bitcointalk.org/index.php?topic=1631151.0
• https://cryptosec.info/cryptocurrency-wallets/

EDIT: Yep. Coinbase requires you to be at least 18.

From https://www.coinbase.com/legal/user_agreement: "To be eligible to use any of the Coinbase Services, you must be at least 18 years old and reside in a country in which the relevant Coinbase Services are accessible."

Unfortunately for you, I assume most of the reputable exchanges like Kraken, Gemini, etc, also requires 18 years of age. Try buying from services like Bisq[1] I guess? Though you might need to wait a while to get coins in decent prices.

[1] https://bisq.com/

[Kidd_Omega21]

You need to get this clear though. Are you looking for a wallet or an exchange? Because if you're going to buy and sell the coins pretty frequently and you're not planning on holding the coins as for speculation, then an exchange like Coinbase would probably fit you best. Also, what do you mean by "I want to buy and sell cryptocurrency?". Do you mean you're going to buy and sell to people in your local area? Or were you referring to day trading?

You really don't expect something with little to no fees though, the best you can do is to minimize the fees by using something like Coinbase Pro, Coinbase's spot exchange(the exchange with charts and stuff).

The "best" exchange to use for you really depends on what country you're in though. But if Coinbase allows users from your country, then it's probably your best bet. Though I'm really not sure if they have an age requirement.

If you want to read more concerning wallets:

• https://bitcointalk.org/index.php?topic=1631151.0
• https://cryptosec.info/cryptocurrency-wallets/

EDIT: Yep. Coinbase requires you to be at least 18.

From https://www.coinbase.com/legal/user_agreement: "To be eligible to use any of the Coinbase Services, you must be at least 18 years old and reside in a country in which the relevant Coinbase Services are accessible."

Unfortunately for you, I assume most of the reputable exchanges like Kraken, Gemini, etc, also requires 18 years of age. Try buying from services like Bisq[1] I guess? Though you might need to wait a while to get coins in decent prices.

[1] https://bisq.com/

Thank you for your answer.
In my school, I'm taking an economy class right now and we learned about stocks and etc, so for crypto currencies, I wanted to try where you buy at low price and resell at higher value.
I guess I gotta wait 5 more months lol
For stocks too I have to be 18 or older.

[mk4]

Thank you for your answer.
In my school, I'm taking an economy class right now and we learned about stocks and etc, so for crypto currencies, I wanted to try where you buy at low price and resell at higher value.
I guess I gotta wait 5 more months lol
For stocks too I have to be 18 or older.

Like I said on my previous reply, you can try non-custodial exchanges like Bisq for you to buy coins without needing identification. Or if you can, try looking for buyers and sellers in your city. That way, you can still buy and sell coins, just a bit harder because you can't simply buy and sell instantly like you could with Coinbase.

By the way, try Abra.com. I really can't find information about age requirements so you could probably try to buy using their service. Probably not as good as Coinbase, but it's a decent alternative if you ask me.

[jossiel]

It's highly unlikely to find a wallet or an exchange that will have no fees when you trade. I suggest to don't rely on integrated exchange app wallets because fees there are actually high.

I guess you have a desktop/laptop to conduct your trades, you can do it there. And you haven't mentioned where you from, I guess from USA?

Since you have a bank account as you've said on your original post, find someone you know that will sell you bitcoin using bank payment. You pay him with your bank account and have a bitcoin wallet to receive those bitcoins. Then send it to an exchange that doesn't require verification then you can try trading on your own. Or another choice is to look for a remittance that sells bitcoin like in our country.

But he wants to do it fast and this strategy takes time.

[Pmalek]

Depending where you are from you probably have some local cryptocurrency forums where people discuss and trade crypto. Try and search for one in your area. If they have a marketplace chances are you will find miners who are selling their own coins. You can pay them from your bank account. That way you will be saving on fees that you would pay exchanges for using their services.
You need to do your own research though and make up your mind who to trust.

[Lucius]

I have some money in my bank account and I want to buy and sell cryptocurrency, but I'm kind of lost where to do it.

You can try to buy BTC with PayPal or some other service here on forum, we have Currency exchange board, but in case you do that be very careful and trade only with trusted members (check their trust ratings).

When it comes to crypto wallet, you can download something like Electrum, but always check that you download from official site, and try to learn how to verify files signature. If you think seriously deal with cryptocurrency consider to invest in hardware wallet (Ledger or Trezor), it is much more safer way to keep crypto then any desktop / mobile wallet.

[Yeahpro]

All cryptocurrency enthusiasts look for almost the same thing in a wallet, security and accessibility. Transaction fees are sometimes negligible and not everyone pays attention to it.
I use electrum to hold bitcoins and imtoken for ethereum and ERC-20 tokens.
You can go with that, or choose one that suits your strategy better.

I wanted to try where you buy at low price and resell at higher value.

Everyone wants to do this. It's not as easy to do. The safest path would be hodling, and your safest bet would be bitcoins. You could also sell at a higher value and buy later when it drops. There are many trading strategies and you'd need to learn about them, it's good you are into stocks that will help you get settled in quickly into cryptocurrency trading

[dkbit98]

I agree with @mjglqw  that maybe best option for you is BISQ wallet/exchange.

Other option is to connect with your local Bitcoin community and buy crypto face-to-face without 3rd party.

There is also Monarch wallet monarchwallet.com buy with credit card 7% fee or
Atomic wallet  atomicwallet.io
that has built in BUY with Visa or Mastercard with 5% fee






Always remember to backup and save your private key and seed!

[LTU_btc]

Age is the main factor here. Probably almost all exchanges where you can buy Bitcoin using bank transfer or credit card requires to be at least 18 years old and you're required to pass KYC. So, you have very limited options. To buy Bitcoin you can try to use Bitcoin ATM, if there is such thing in your area. Unfortunately, their rates are bad and they charge huge fees.
You also can try to buy Bitcoins on crypto forums like this one or your local crypto communities on social networks. Beware of scammers.
But if you want to trade your crypto, I can't which exchange won't ask you KYC and would be best for you.
Speaking about wallet, Electrum desktop wallet is a good option. If you're going to store lot of BTC, then you should get hardware wallet like Ledger or Trezor. Don't leave your crypto on web wallets and exchanges.