investment advice?

[Marykeller]

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin.

Your intent of investing in bitcoin is a good one to start with. As you already know, bitcoin can be a profitable asset or a loss asset in the future depending on the crypto market and when you choose to sell. It's up to you to decide which one you want(profits or losses). Don't invest in bitcoin because you are told to, invest because you see a future in it and you want to safeguard your assets with it.

[suzanne5223]

You can buy Bitcoin on Binance or if you have USDT you can buy Bitcoin anonymously on Crypton Exchange which is a no-KYC cryptocurrency trading with no daily limit or restriction worldwide.
Having said that, it's not advisable to keep your Bitcoin on Trust Wallet or Binance exchange no matter if the exchange is reputable. I will advise you to get a hardware wallet and try to improve yourself on how to use a crypto wallet securely.

This is the first thing to think about before you start buying bitcoin, because safe storage is what will protect your investment. I read a lot about the fact that you can’t store coins on the exchange, but I did this for a long time, my coins were stored on binance and I was lucky that nothing happened to them. Now I have a ledger and I feel calmer.

You shouldn't feel calmer now either and you should only feel calmer every single time you use the hardware wallet and you successfully avoid human error because prying eyes and online theft are developing new strategy everyday which is the reason why we are hearing a lot of cyber attacks this day.
Having said that, it's good that you learn early about the purpose of not having your investment safe on exchange.

[juhobtc]

You shouldn't feel calmer now either and you should only feel calmer every single time you use the hardware wallet and you successfully avoid human error because prying eyes and online theft are developing new strategy everyday which is the reason why we are hearing a lot of cyber attacks this day.
Having said that, it's good that you learn early about the purpose of not having your investment safe on exchange.

I guess I was lucky, because I was given a ledger, who knows how it would have been if not for this gift. But I understand that the ledger is by far one of the safest ways to store cryptocurrency, am I right? Can coins be stolen from the ledger if the scammers do not have access to the seed phrase?

[suzanne5223]

You shouldn't feel calmer now either and you should only feel calmer every single time you use the hardware wallet and you successfully avoid human error because prying eyes and online theft are developing new strategy everyday which is the reason why we are hearing a lot of cyber attacks this day.
Having said that, it's good that you learn early about the purpose of not having your investment safe on exchange.

I guess I was lucky, because I was given a ledger, who knows how it would have been if not for this gift. But I understand that the ledger is by far one of the safest ways to store cryptocurrency, am I right? Can coins be stolen from the ledger if the scammers do not have access to the seed phrase?

Wait. You're giving the ledger wallet through someone you trust or the wallet's official reseller? Is everything sealed when you have the wallet?
Nothing is safe forever my friend despite the secure level of the hardware wallet, the safety of the wallet is determined by you and yes coin be stolen from the ledger wallet through a physical attack.

[Coin63$]

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest. Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

The increase in Bitcoin price since the last two days is incredible.If you had bought bitcoins a week ago then surely you would have succeeded in these few days.You have to be careful which wallet you buy bitcoins in because you have to keep the private key of your wallet safe then your bitcoins and other coins will be safe.

[Peanutswar]

Use a hardware wallet if you can't afford better to use a hot wallets most of them are with the use of the electrum also in trust wallet if you could do.

Better to make sure that you secure your wallet if you can buy a Bitcoin why not make your self secure first. Attacks can do anywhere.

Another thing you don't need to buy a whole bitcoin having a good ride with the market could bring you a profit.

[Hallroom]

@Op The safest way to invest Bitcoin is to store it in a hardware wallet. If you have the money then you should definitely collect the hardware wallet.
And if you can't afford a hardware wallet then you have a trust wallet which is much more secure but more prone to hacking. You can use Electrum Wallet it is a free wallet with lots of security.

[topman21]

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest. Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

As you are a new member of bitcoin forum, first learn about bitcoin and investing. But if you intend to invest then you must set up a good wallet. A safe wallet is the most important for storing investments. But you mentioned Binance and Trust Wallet, I will support Trust Wallet between the two. You can open trust wallet and keep your investment there. Although there are risks, it is much safer than Binance. Binance is an exchange wallet so I think it is very risky to keep your investment here. When your money amount is more you can buy a hardware wallet and keep the investment there it will be more secure.

[Mr.corol]

My sincere love and thanks to everyone. You have given me good advice. I chose electrum wallet especially on your advice.

[Pterosaur]

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest. Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

Your Bitcoin is safe using trust wallet and it's not safe storing Bitcoin on a centralized exchange, Binance is centralized they hold the wallet keys for you so you have no control over your Bitcoin, if your Bitcoin is over 1000$ in value I suggest you buy a hardware wallet as they are even more stronger when it comes to security.

[bounceback]

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin.

Your intent of investing in bitcoin is a good one to start with. As you already know, bitcoin can be a profitable asset or a loss asset in the future depending on the crypto market and when you choose to sell. It's up to you to decide which one you want(profits or losses). Don't invest in bitcoin because you are told to, invest because you see a future in it and you want to safeguard your assets with it.

Even though bitcoin is a speculative asset whose price cannot be accurately predicted for the future, judging by the fundamentals and the popularity that bitcoin has gained so far, I don't think there is any need to doubt the future of bitcoin because it is very likely that it will gain a higher value, especially since we know the supply of bitcoin it is very limited with a total of 21 million units, so its rarity is certainly one factor that could make its value even higher as bitcoin adoption increases and if demand for bitcoins in the market increases while supply is low then we will see significant price increases occur.

[Rruchi man]

My sincere love and thanks to everyone. You have given me good advice. I chose electrum wallet especially on your advice.

You do not just need knowledge on where to keep your investment safe, but also how to ensure that it is safe.

Using an electrum wallet or even a Hardware wallet will increase the safety of your coins, but to guarantee safety, you need to also understand and know how to keep your bitcoins safe.

Some few tips are;
- Any device that has your Electrum wallet which you have chosen should be kept and used privately, that is avoid trusting people with it.
- Be careful of links that you click while connected to the internet on the device that has your Electrum wallet.
- Trust no one with your seed phrase.

[lalabotax]

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss.

Welcome
This is the basic thing to have and understand before investing in Bitcoin, this understanding of profit and loss probability. So, even if sometimes your assets are decreased, you are no longer surprised or frustrated because of having understood the risk.

I don't know where to invest. Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed?

Both Binance and Trust Wallet are quite similar, online wallets. and will be probably hacked. There are always hack possibilities if we are still using online wallets, although we are saving it in exchanges or personal online wallets. If you have many Bitcoin and want to invest a longer time, it is much better to use a hardware wallet to save your Bitcoin. Never forget about saving all secret data from other people and don't forget about it. This is pricy but this is safer.

[Alphakilo]

In my opinion, i think the best thing to do is not to seek advice here but to embark on a self or personal research to decide on the wallet suitable for you. Diffetent people with different opinion, what will work for you might not work for someone else. People will advice you based on their love about a particuler wallet and if care is not taken you might end up regretting it.

If you must use any of those two, i suggest you safeguard the key offline. If not, then hardware wallet will be better

[rojan]

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest. Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

I will tell you that if you are new then you can get experience by investing in Bitcoin first. If you have more money then you can use electrium wallet.  And if you want to learn investment with little money then you can definitely invest and learn trading here using Binance wallet. I think if you want to trade for a short time then Binance wallet is better to use.

[qwertyup23]

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest. Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

Generally, you should not put any BTCs inside an exchange due to the natural risks involved. Remember that even with the latest security in Binance, it had been hacked several times by scammers in the past. That is why, majority of the people here would recommend investing in a hardware wallet in order for you to store your BTCs inside it.

If you are planning on investing long-term, then a hardware wallet would be the best and safest choice. But I would still recommend putting some of your BTCs in Binance if you plan on circulating and purchasing different cryptocurrencies in the process. With its convenience, you can easily migrate one cryptocurrency to another with their interface.

[Sexylizzy2813]

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest.

Advise needed from Forum members can be given but the question is, can you keep those advise working? Like can you put it to good use? Well is up to you, good thing you know that while investing on Bitcoin it's either you gain or you lose. You just have to be careful and having a plan while investing.

Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?

Hackers are like flies, they don't rest at a place. Where you place your Bitcoin doesn't matter to me, but what matters is how careful you are, if you feel you safe in keeping it on Trust wallet or Binance then your good to go as long as your pass code ain't exposed.
Happy investing...

[Compromise me]

I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss.

If you get the Profit of Bitcoin .you buy Bitcoin at a lower price and it value increase over time then you fouce on price when its price increase beyond your purchase price then you can sell it .you have been  good profit for Bitcoin, and u buy high price and sell lower price then u have loss .If you accept my advice ,never trade call and tips because it has a lot of risk and never short-term invest in Bitcoin because Bitcoin is for long term investment.If you invest short term you have exposed a lot of risk.

[Fuso.hp]

Trust wallet will never be safe wallet for your money and also you mentioned binance exchange wallet. Binance is a very popular crypto but recently due to major exchange scams it is not safe to keep money in exchange wallets so I would not choose any of the two wallets you mentioned to keep my money. The most secure wallet for you will be a hardware wallet. Because there is no chance of your crypto currency being scammed in a hardware wallet, this wallet is very secure. If using hardware wallet is not possible for you then you can use some crypto wallet with more security like Mycelium wallet Electrum wallet, Metamask wallet etc. These wallets will be safe for you and your money.

[Iadegbola34]

Investing in Bitcoin can indeed be a bit of a rollercoaster ride. As for where to invest, both Trust Wallet and Binance are popular choices. Ultimately, it depends on your personal preferences and needs. Just keep in mind that while platforms take precautions, there's no guarantee against hacking. Do some research, consider security features, and make an informed decision. Good luck with your investment! 🚀