investment advice?

[alik111]

You can secure your Bitcoin by using Trust Wallet and I won't recommend to use Binance Exchange wallet. I think it's the right time to invest in. Because now every coins are very cheap to buy. So it's a great opportunity to invest.

[1714678966]

1714678966

[lizarder]

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

Don't invest when you don't understand bitcoin well, because it will be quite risky and you should study it first before making a decision to start, the volatile nature of bitcoin can put you in a state of panic at times and that's why you need to learn about it.
 

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?

Read the post made by theymos HERE, he has explained in great detail the decision to keep your bitcoins. While Trust Wallet and Binance are not so safe for you to store bitcoin.

I usually use Trust Wallet and Binance for short term trading, while Bluewallet dan Electrum are better suited for holding bitcoins long term.

[Hyphen(-)]

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?

First of all, I will advise you to do your own research before placing any investment in Bitcoin.
Try as much as you can to learn about those places you mentioned because the two of them are two different things; Furthermore, I will advise you to learn about the key and address Here to know the exact meaning of public keys and private keys, and you will also gain more guidance on how to keep your Bitcoin safe.

[SosSpagetti]

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?

First of all, I will advise you to do your own research before placing any investment in Bitcoin.
Try as much as you can to learn about those places you mentioned because the two of them are two different things; Furthermore, I will advise you to learn about the key and address Here to know the exact meaning of public keys and private keys, and you will also gain more guidance on how to keep your Bitcoin safe.

I totally agree with your opinion. I would always suggest to DYOR. You can go through this forum to search for investment knowledge. But I also suggest you search on Google, or if you are new to investing, read some related books to the topic. 
Another good thing is the diversification of your money - don't forget about it. 

[Bitcoin_people]

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?

If you are completely new to investing then I would suggest you to first understand the market. and learn about trending well-resourced. And then you start investing your little money. Keep increasing your money little by little. And you must invest in bitcoins and not waste your profits by investing in unnecessary coins. Or if you invest in unnecessary coins, there is a possibility of losing your money. But if you invest in Bitcoin you will be risk free and you won't have to fear losing money but you can make a profit by investing.

[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.

[NicNacCoin]

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?

Since you are a newbie I can't recommend you to store cryptocurrency in Binance Exchange wallet, if you know or heard about the bankruptcy of Centralized Exchange FTX like Binance then you never want to store your Cryptocurrency in Binance Exchange. The correct advice for you is that if you live in a country where Bitcoin is legal, it makes more sense for you to use a hardware wallet.  Moreover, if you want, you can bring the hardware wallet from other countries by commercial shipment. You can use trust wallet to temporarily hold cryptocurrency but be careful to store 12 phase worlds very carefully. If these security systems are lost, your Trust wallet will be lost forever.

[jrrsparkles]

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?

Just buy Bitcoin and don't lose your Bitcoins to any ponzi scams! Just buying and keeping it in the wallet is enough.

Binance isn't really a wallet, it's an exchange so it's never advisable to keep your assets there for holding purpose, trust wallet can be useful to store shitcoins but if you're looking for a wallet only for Bitcoin then use Electrum.

Which is light weight, open sourced, non custodial so you are holding your own coins but make sure you download the wallet from official website and don't forget to verify their signature before depositing your Bitcoin.

[Adams0001]

I believe that you should conduct research before making any investment, whether in Bitcoin or another cryptocurrency, to avoid losing your coins.

in relation to trust wallet and Binance There is no distinction between them; once you have done your research, you will know where to invest your Bitcoin.

[Cantsay]

in relation to trust wallet and Binance There is no distinction between them; once you have done your research, you will know where to invest your Bitcoin.

Sorry to say, but there is a distinction between Trust wallet and Binance. The former is a non-custodial wallet meaning you have control over the private key and if you should ever loss it or forget then that will be the end of that wallet, they have no support team that can help you recover your secret phrases because according secret phrases are not stored in the servers, Although Trust Wallet is a closed sourced wallet. While for the latter, it's an exchange not a wallet, and in addition you have no control over your coin in an exchange, the team could decide to lock your account and kick you out of their system and also just as in the case of FTX they could be an unexpected event that could lead to you losing all your investment.

If you have been treating Binance and the other exchanges as a wallet, it's high time you stopped and look for a reputable open source wallet and move your coins into your wallet. Btw remember; Not Your Key Not Your Coin.

[Nheer]

might be better if you don't invest at the moment, it seems like you need to do more research on what you are trying to invest in. for example, as other members have mentioned, Trust Wallet or Binance? should be the last place where you keep your BTC, especially if you are going to hold.

It's true that you don't need to invest right away because it appears that you lack sufficient understanding about where to put your funds, and the worst thing you would want to happen is to lose your wealth or run the danger of being scammed. Go ahead and conduct extra research, some members have provided links to make it easier for you. All we can do is suggest which option is ideal for you, but ultimately, only you will know which is best.

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.

Regarding trust wallet, it is not ideal to store your bitcoin there, its not secure and is easily a target for scammers. I would not advice you keep your asset there because my friend was once a victim of trust wallet scam.
Binance is an exchange where you can purchase your bitcoin just like every other exchange and should not dare store your bitcoin there because you don't have full control over your keys. Once you purchase your bitcoin don't waste any time to move your funds to a secure wallet. We have seen some exchange scam their customers and some are targeted by scammers.

Research more and make sure you have proper understanding before investing in Bitcoin.
You can check:
github.com/bitcoinbook
learnmeabitcoin

[G_Besar]

I believe that you should conduct research before making any investment, whether in Bitcoin or another cryptocurrency, to avoid losing your coins.

Avoiding losing coins is the same as avoiding losing money and that really needs to be examined before placing your coins or money somewhere and until now I am still more confident about placing coins or money in my personal wallet which I can fully manage without third parties such as exchanges.

in relation to trust wallet and Binance There is no distinction between them; once you have done your research, you will know where to invest your Bitcoin.

Trust wallet and Binance are two very different places mate, because Binance is an exchange, whereas trust wallet is a software wallet with some support inside. So don't equate the two in this regard because both are very different, both in terms of usage and fundamentally in the crypto space.

[Luzin]

Trust wallet and Binance are two very different places mate, because Binance is an exchange, whereas trust wallet is a software wallet with some support inside. So don't equate the two in this regard because both are very different, both in terms of usage and fundamentally in the crypto space.

So far I understand that hard wallets are the most secure devices. Although I admit that all wallets actually have their own weaknesses. But saving in exchange does not become a recommendation. Indeed I keep some in exchange, it is only for trading activities.
The good thing is that if you finish trading store the asset in your personal wallet. Granted it will take time, but at least it will reduce the risk of assets being lost in the exchange.

[Pandu Geddon]

I believe that you should conduct research before making any investment, whether in Bitcoin or another cryptocurrency, to avoid losing your coins.

in relation to trust wallet and Binance There is no distinction between them; once you have done your research, you will know where to invest your Bitcoin.

OP has made the right choice by investing in Bitcoin. Trust wallets are widely used by people, but they are not safe from hacking. likewise, to put it on Binance, it's not a good solution for long term investment. when you put your Bitcoin on Binance, it's like you don't own Bitcoin. it becomes the ownership of Binance which is indeed your Bitcoin.

the best solution is to use a hardware wallet. I think there have been a lot of suggestions in this thread regarding hardware wallets. you can also read it.

[Cedie]

Take a break from investing for now because it’s most likely you would make the wrong choice, I don’t know how you learnt about Binance or trust wallet, I would guess because they are popular and you probably think it’s your best option.

I won’t be saving my bitcoin on Binance exchange nor any other exchanges because you won’t be in total control of your Bitcoin, what’s the essence of being in cryptocurrency when you don’t have total control.

Yeah. You have a point. I often ask myself why I feel like I'm a late bloomer when it comes to cryptocurrencies and I just realized it now that years ago, I didn't have enough knowledge where I can have full control over my assets. I think taking your time to learn and to invest to yourself is what's more important.

[juhobtc]

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.

[michellee]

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?

Binance is an exchange like any other. You need to deposit some money into your Binance account then you can buy bitcoins. After you can have bitcoins from purchases on the market, you can send them to a Trust wallet because you can control your bitcoins and don't have to worry if something happens to Binance.

There are many other exchanges but people know Binance as a big centralized exchange and a place for insiders to trade. I suggest you read up on investing in bitcoins, wallets you can use to store bitcoins, what to do before and after storing bitcoins in your personal wallet, and more. Thus, you will know what to do in investing in bitcoin.

[MIner1448]

It seems to me that after the hype around crypto-exchanges, about all sorts of offshore companies, you should never keep your savings on exchanges, it is better to use cold wallets. Only the balance that you trade should be deposited on the exchange; in the long term, it is not worth depositing funds there at all.

[Xal0lex]

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?

They will only be profitable if you assess the risks correctly and are willing to hold your coins long enough for the investment to make sense. Investing in bitcoin will only be unprofitable if you are subject to general hysteria, are willing to sell during a panic, and do not have a clear understanding of what you are buying bitcoin for and for how long. Do you want to invest in bitcoin? Buy yourself a hardware wallet, and don't store your bitcoins on exchanges because they are unreliable.

[SOKO-DEKE]

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 a beginner, all you need is knowledge, and once you have enough knowledge of the cryptocurrency industry, it will always be a source of guidance for you as you make decisions about your investments in cryptocurrencies, especially Bitcoin. So the best advice I can give you is to educate yourself because I think that will enable you to make your own decisions based on sufficient evidence.so it will be too dangerous to invest in crypto industry with only people advise.