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Author Topic: Which other tools do I need as a Newbie  (Read 385 times)
serjent05
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August 09, 2024, 09:07:11 AM
 #41

Please forum members which other tools do I need as a Newbie so I can be outstanding and a full participant in the Crypto Space world.

Upon learning several tools given by the replies, don't forget our natural tools of common sense.  Knowing how to apply and see opportunities in a given situation.  Many frown upon altcoins but if you are good enough to determine what and which is the hidden gem among these batches of shits(altcoin), it can give you a huge profit.

The primary tool that will help you as beginner or venturing into crypto is not all about wallet, but information, just as many has said cex wallet or storing your asset in cex is very wrong when your full of information you don't need to even think twice because if the danger in keeping asset in cex, the self custodian wallet has always been the best for crypto just that as beginner you must have the information and what it take to keep the details because any mistake you might lose all you stored in it.

I highly agree that information is the best tool for a newbie in his initial venture into cryptocurrency.  So it is good to have a list of good websites where we can gather information and learn skills that is connected to cryptocurrency activities.

If @OP wanted to have a deeper knowledge on cryptocurrency, he can check and try this list of free courses from Udemy which includes introduction to cryptocurrency, cryptocurrency courses, setting up mining rig, trading and more.

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Asiska02
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August 09, 2024, 11:57:26 AM
 #42

Staying with the stuffs you’ve listed above are to me not the basic things you need to start with. To become very knowledgeable in the crypto space, what you need importantly is to have basic knowledge about cryptocurrency. If you had the knowledge, then going further to download some wallets and exchanges to use will be at handy to you because you’ll know the do’s and don’ts of having one and how to operate them effectively well. Social media handles will also help, but you have to always verify information from there before you would take any action whatsoever on that regard. If you’ve downloaded wallets and exchange apps in your decide and you don’t know how to use them, or just use them as you like, you’re making yourself more vulnerable to attacks and could lose your funds if any information goes into the wrong hands.

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August 09, 2024, 12:00:08 PM
 #43

How can I detect those apps that carries malware and phishing stuff that will be able to steal my seedphrase.
It is usually somehow difficult to identify malware. So, the best approach is to learn basic knowledge on how to protect your device. Malware or phishing attacks come in the form of unfamiliar advertisements, unexpected messages or applications, or enticing offers. It is better to avoid them by not clicking on random links and always confirming the source of any information or app before responding. Social media is not a safe place to get information; it is always better to get it from the verified website of the sender. If you want to keep your funds safe, consider using a hardware wallet or an air-gapped wallet.
Another thing will also help to avoid online attacks that  can lead to hack is for you to  know what you really want. You don't need to download every app that is related to cryptocurrency and you don't need to go into every crypto site, if you have this understanding it will be difficult for you to fall victim.

For you to have the understanding of what you really want will help to avoid risk and scam that  can cause you to lose your asset. Some beginners fall victim of attacks because they do not have the knowledge of what the social media environment is like. Apart from  having wallets and cryptocurrency platforms it is very important for one to have knowledge about security and knowledge about how scammers operates to get victims.

R


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August 09, 2024, 12:49:19 PM
 #44

Some beginners fall victim of attacks because they do not have the knowledge of what the social media environment is like. Apart from  having wallets and cryptocurrency platforms it is very important for one to have knowledge about security and knowledge about how scammers operates to get victims.

That's the basic reason why scams happen. How do you think people scam other people? They use their vulnerabilities in their favor so that they can get something out of them while making the victims think that they are going to benefit from what's happening. Scammers are very sharp, they are very good at what they do because they have a lot of practice. There can be beginner scammers as well, but they can't get their plots done very well.

So, undoubtedly, a person needs to have at least general knowledge and understanding, so that they don't get scammed easily. If you get into a business but you know nothing about it at all, many people will come and scam you very easily because they know the market better than you, so they will make you think you are doing good business but in reality, they are scamming you.

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August 09, 2024, 12:56:27 PM
 #45

Staying with the stuffs you’ve listed above are to me not the basic things you need to start with. To become very knowledgeable in the crypto space, what you need importantly is to have basic knowledge about cryptocurrency. If you had the knowledge, then going further to download some wallets and exchanges to use will be at handy to you because you’ll know the do’s and don’ts of having one and how to operate them effectively well. Social media handles will also help, but you have to always verify information from there before you would take any action whatsoever on that regard. If you’ve downloaded wallets and exchange apps in your decide and you don’t know how to use them, or just use them as you like, you’re making yourself more vulnerable to attacks and could lose your funds if any information goes into the wrong hands.

something new to start must be based on knowledge. at least he knows that some things must be prepared before starting, meaning he has understood something even though it is very basic.
then add to his knowledge first before starting to operate some of the applications that have been downloaded. I'm sure Op may have to spend more time first to learn everything. he could have immediately bought assets for investment or trading, but without better knowledge, no one would suggest he buy anything at this time.

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August 09, 2024, 05:50:50 PM
 #46

After downloading

SOCIAL ACCOUNT
1.Whatsapp 2.Discord 3.Twitter 4.Telegram

DEX WALLET
1.MetaMask 2.Trust Wallet 3.Phantom Wallet

CEX WALLET
1.Binance 2.Bitget 3.Bybit 4.OKX

Please forum members which other tools do I need as a Newbie so I can be outstanding and a full participant in the Crypto Space world.
As a newbie those tools you listed above not the major things that you can use to start your journey in this forum, this forum is all about having a enough knowledge that you can use to discuss with other people here they say that leaning is a continue sentence so the cryptocurrencies you’re talking about also deserve a lt of knowledge before you can jump into it. Because their some people that they have too much of interest in crypto but they don’t want to seek for knowledge before further, that’s why most of the people are seriously having a issue by the time there into crypto stuff.

Those exchanges that you listed above that you’ve already downloaded them, for now it will be very difficult for you to operate them, because you cannot operate them without having a knowledge about them the only advice I can give you now is for you to go and make your  own personal research about the cryptocurrency stuff, so that you will know the basics things about the crypto aspect and how you can use those exchanges you listed.

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August 09, 2024, 06:55:23 PM
 #47

Here is the best place below for help and guides:



Just search the forum for the topics you would like to learn.

In case you wanna learn more of Bitcoin.

https://github.com/bitcoinbook/bitcoinbook#chapters
https://bitcoin.org/en/bitcoin-paper
https://www.bitcoin.com/get-started/

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August 09, 2024, 09:25:04 PM
 #48

Now that you have had this thing in place ready to kick-start your crypto journey, now it's necessary you take your security measures very serious such as using good authenticators, avoiding storage on any centralized exchanges as it's always being said, "Not your keys, not your crypto" store in a cold storage wallets or download a decentralized wallet like Electrum wallet for the better storage of funds, and lastly safeguard your private keys or seed phrases properly.

R


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August 10, 2024, 08:35:08 AM
 #49

Always be careful. Always keep your keys safe, do not share any of your confidential information with anyone. Because everyone can become your enemy due to the greed of money. So don't share your important things with anyone, always keep them safe. And you can use a separate device just for your wallet, it making you more secure.
Yes you're right because I know that keeping your information in secret is one of the things that will make you safe in any that with bitcoin and other coins, some people save their seed phrase online and that's what makes hackers to get access to them, but op is asking for the tools that is required for its journey of bitcoin, including the forum, but I seen that maybe you try to give your suggestion, for investment you have to know the skills of what you want to do properly, because it's one of the factors that can make people to dislike journey of bitcoin, the main thing is to understand what to do at appropriate time.

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August 10, 2024, 01:32:00 PM
 #50

After downloading

SOCIAL ACCOUNT
1.Whatsapp 2.Discord 3.Twitter 4.Telegram

DEX WALLET
1.MetaMask 2.Trust Wallet 3.Phantom Wallet

CEX WALLET
1.Binance 2.Bitget 3.Bybit 4.OKX

Please forum members which other tools do I need as a Newbie so I can be outstanding and a full participant in the Crypto Space world.

Being an expert or "full participant" in cryptocurrency space is mostly not about downloading apps and social media apps. You don't become a crypto expert that way. Just bear this 4 things in mind.

1) Update yourself everyday on latest crypto news and trends. And latest crypto crimes, it will expose you to the latest crime in crypto space and how to protect yourself.
2) Never store your phase phrase online or screenshot them. Write it down manually and secure ot properly.
3) Check any links before clicking or downloading. Some could be phishing.
4) There is no free"bitcoin" now. Be careful if anyone promise you that.
Belarge
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August 10, 2024, 10:50:55 PM
 #51

Now that you have had this thing in place ready to kick-start your crypto journey, now it's necessary you take your security measures very serious such as using good authenticators, avoiding storage on any centralized exchanges as it's always being said, "Not your keys, not your crypto" store in a cold storage wallets or download a decentralized wallet like Electrum wallet for the better storage of funds, and lastly safeguard your private keys or seed phrases properly.
Newbies have more complex tools to lay their hands on and this can actually be possible when they offer themselves for learning and taking into consideration and practice everything they've learnt in the space. Newbies shouldn't be too confident and slack behind when they've made a mistake, instead bounce back to continue hitting top edges in the space which would be very easy for them.

Newbies have the potential ability to explore more in the system and probably know the basic sectors to understand and comprehend in the system. It will definitely need time but the bes results comes from good decision making and execution. Our private keys ought to be in safe place because we by mistake it's publicly known, it then means our accounts is no longer guaranteed safe.

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August 11, 2024, 02:29:53 AM
 #52

As a Newbie, you only need Information to increase your knowledge in the Bitcoin industry. Having a Bitcointalk account is enough for you as basic capital in fully understanding Bitcoin because you can get valid information that has been shared here. Other tools are just support or complements, you must have a strong desire to learn everything related to Bitcoin.
As a first step for those of you who have entered the Bitcoin industry, collect all the information about Bitcoin, then study and understand it to increase your knowledge. As you slowly develop, you can distinguish what you need most and what is merely complementary.

R


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camilocollin6
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August 11, 2024, 03:31:59 AM
 #53

After downloading

SOCIAL ACCOUNT
1.Whatsapp 2.Discord 3.Twitter 4.Telegram

DEX WALLET
1.MetaMask 2.Trust Wallet 3.Phantom Wallet

CEX WALLET
1.Binance 2.Bitget 3.Bybit 4.OKX

Please forum members which other tools do I need as a Newbie so I can be outstanding and a full participant in the Crypto Space world.

To be an outstanding and full participant in the crypto space as a newbie, here are some additional tools and resources you might consider -
1. Portfolio Trackers :-
CoinMarketCap or CoinGecko : These platforms provide real-time data on cryptocurrencies, including market capitalization, volume, and historical charts. They also offer portfolio tracking features.
Blockfolio (now FTX) : A mobile app to track your portfolio's value and receive price alerts.
2. News and Research Tools :-
Crypto News Aggregators : Websites like CoinTelegraph,CryptoSlate, and Decrypt - provide the latest news, analysis, and updates in the crypto space.
Messari : A crypto research and data analytics platform, great for in-depth research on coins and projects.
Glassnode : Offers on-chain analytics, helping you understand the behavior of the crypto market.
3. Learning Resources :
YouTube Channels : Channels like Andreas Antonopoulos, Coin Bureau, and DataDash- provide in-depth educational content.
Crypto Courses : Platforms like Udemy or Coursera - offer courses on blockchain and cryptocurrency to deepen your understanding.
4. Security Tools :-
Hardware Wallet (e.g., Ledger, Trezor) : Essential for securing your cryptocurrencies offline.
VPN (Virtual Private Network) : Protect your online privacy while trading or managing your crypto assets.
2FA (Two-Factor Authentication) Apps : Google Authenticator or Authy adds an extra layer of security to your accounts.
5. DeFi Tools :-
Yield Farming Platforms (e.g., Aave, Compound): For participating in decentralized finance (DeFi) to earn interest on your holdings.
Decentralized Exchanges (DEXs) (e.g., Uniswap, SushiSwap): To trade cryptocurrencies without relying on a centralized platform.
6. Community and Discussion Platforms :
Reddit (e.g., r/CryptoCurrency, r/Bitcoin): Engage in discussions, ask questions, and learn from the community.
7. Tax Tools :
Koinly or CoinTracking - Tools to track your crypto transactions and generate tax reports.
8. Blockchain Explorers :
Etherscan (for Ethereum)  Allows you to track transactions, check gas fees, and explore smart contracts.
  = BscScan (for Binance Smart Chain) : Similar to Etherscan but for BSC.
By integrating these tools, you'll be well-equipped to navigate the crypto space effectively and become a knowledgeable participant.
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August 11, 2024, 08:18:17 AM
 #54

Just search the forum for the topics you would like to learn.
I highly recommend to train and practice your search skills in this forum, because a ton of information is already available in it. Unfortunately a lot of users seem to be just too lazy to do a decent search. Many ask questions that have been answered multiple times before.

Because search frequency is a bit throttled for lower ranks, I suggest to use https://ninjastic.space which to my knowledge doesn't limit searches per time. I also find the search experience there quite nice and friendlier than the forum's own search.


I would stay away from bitcoin.com as one of the founders is Roger Ver and I don't trust this shenanigan who is heavily promoting the shitcoin Bitcoin Cash. I don't think bitcoin.com's agenda is purely focused on Bitcoin.

To learn more about Bitcoin I highly recommend https://learnmeabitcoin.com. Great site for newbies and experts, too. My goto place if I need to refresh some Bitcoin details.



Avoid closed-source wallets. Open-source doesn't automatically mean it's better or more secure, but at least there's a chance to check and verify that a wallet does its magic properly and not in some insecure way weakening the security of your wallet's private keys.

I don't recommend holding a lot of value in mobile phone wallets. As far as I've seen others already recommended to not use your daily internet shit mobile for crypto wallets. People usually have too many questionable apps on their mobiles and lack security knowledge.

App stores can't guarantee the absence of malicious apps and it's difficult, if not impossible, for most users to verify an app is clean.

I would only hold pocket money amounts in a mobile phone wallet because mobile phones can be lost easily, the better ones are targets for thieves and it's almost impossible to assess the overall security of the device.

Also on a desktop computer or laptop. If you can afford it, use a separate device for your crypto stuff. Separate your daily internet shit from your cryptocurrency stuff and wallets. You want your crypto stuff computer to be as less as possible exposed to internet evil.

Think early about using a decent hardware wallet (stay away from Ledger crap). Your wallet's private keys are much better protected in a hardware wallet than any hot software wallet could ever be. Learn to use a hardware wallet properly and always check every transaction details on the independant display of your hardware wallet before you sign the transaction.

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DYING_S0UL
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August 11, 2024, 04:25:14 PM
 #55

I highly recommend to train and practice your search skills in this forum, because a ton of information is already available in it. Unfortunately a lot of users seem to be just too lazy to do a decent search. Many ask questions that have been answered multiple times before.

Because search frequency is a bit throttled for lower ranks, I suggest to use https://ninjastic.space which to my knowledge doesn't limit searches per time. I also find the search experience there quite nice and friendlier than the forum's own search.

It's understandable for newbies though, they are too lazy to do the diggings. Some newbies wouldn't even read the pin posts and start their own topics on how to where to why to etc. I also may have done this in this past. Anyway, one of the perks I got from using bitcointalk is the ability to read a lot. I am reading all day long whenever I'm online.  

Hey that actually a good idea, why didn't I think of using ninjastic for my searches. I always use btt or google.



AoBT
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