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Author Topic: What can I do to safely use bitcoin  (Read 197 times)
Peanutswar
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March 28, 2021, 03:01:02 PM
 #21

It depends on you those are good wallets but for sure most people here recommend the use of the electrum this is the best-known wallet today also if you want and to afford to try the ledger wallets. We need to protect our wallet and funds with the use of the seed phrase this serves as a code so you can access your funds. If you lost it this becomes big trouble all of your funds cannot be easily recoverable instead recommend into different walkers too to always store your seed phrase and make a double copy into a piece of paper. Good if not digital or online.

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UserU
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March 28, 2021, 04:22:40 PM
 #22

There's no best wallet out there, but so far Electrum is a safe and decent choice. Comes with Lightning Network too which allows you to send and receive Sats pretty quickly.

But beware of fake ones from the Play Store. Exercise extreme caution.

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Pokapoka124
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March 28, 2021, 09:09:32 PM
 #23

Welcome to the forum. I hope you have learned something new that has been helpful to you since you joined the forum. Unlike other groups and social media there are strict rules and measures to combat scammers. The trust system is very helpful in this regard.
Plus the experience shared on the platform is very enlightening and a eye opener. I'm sure you'd be well equipped for any scam that attempts to come your way
batang_bitcoin
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March 28, 2021, 10:25:34 PM
 #24

Welcome to the forum. Electrum is one of the best desktop wallets that a newbie should use even people that are already long time in bitcoin, still uses this wallet.
In which country you live? You have to use an exchange for you to avail that $50 worth of bitcoin and have it transferred to your wallet. Exchange like Binance.

As he is a beginner, electrum is really a good one to use. You don't need big storage for it to install. And when it comes to exchange, yes, I will recommend also Binance. As it is pretty safe and secure dealing with this exchange especially for beginners.
And it's also being used by some with an unused laptop as your actual offline wallet. You don't connect it to the internet and you're just using it upon checking and usually connect to the web if you're going to send or generate a new wallet address.
That's your actual big hardware wallet but it's only for those that still can't avail the actual hardware wallet (ledger/trezor) as an alternative because you have it as a spare.

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