Looking for advice from a very newbie

[Samuel0610]

Hi everyone, I'm pretty new to cryptocurrency in general, and I'm trying to figure out the best way to buy and store it.

I’ve heard a lot about Bitcoin, but I’m a bit confused about how to get started. What’s the safest way to purchase Bitcoin?
Are there specific wallets I should be using? Should I keep my Bitcoin in an exchange wallet, or is it better to use something like a hardware wallet?

[AndrewSter]

For me the safest way is through a reliable exchange like Coinbase, Binance, Kraken... These sites are pretty secure, but remember, since they're online, they can still get hacked. So make sure you’ve got 2FA enabled to keep things safe.
For long-term storage, use a hardware wallet and use an exchange wallet if you’re just starting out, but don't keep too much there.
Also using a proxy for buying and storing Bitcoin is an option if you want to hide your real IP address, i think most people do it.

[AG0RA]

I was you, before buying anything, make sure you study and learn about what you are doing, learn form others mistakes. Avoid third parties intermediaries like exchanges that requires KYC, and buy peer-to-peer when you know what you are doing.

[Mihaylovic]

Hi everyone, I'm pretty new to cryptocurrency in general, and I'm trying to figure out the best way to buy and store it.

I’ve heard a lot about Bitcoin, but I’m a bit confused about how to get started. What’s the safest way to purchase Bitcoin?
Are there specific wallets I should be using? Should I keep my Bitcoin in an exchange wallet, or is it better to use something like a hardware wallet?

you can just use a cex in the beginning with a small amounth of purchase. and keep them there. after a while when you adapt to ecosystem you can choose the way yourself.

[Samuel0610]

step by step is always right   I rly appreciate it.

[AG0RA]

step by step is always right  I rly appreciate it.

That's the right approach! Don't be shy and ask questions, you are in the right place... just watch out for scammers.

[Samuel0610]

For me the safest way is through a reliable exchange like Coinbase, Binance, Kraken... These sites are pretty secure, but remember, since they're online, they can still get hacked. So make sure you’ve got 2FA enabled to keep things safe.
For long-term storage, use a hardware wallet and use an exchange wallet if you’re just starting out, but don't keep too much there.
Also using a proxy for buying and storing Bitcoin is an option if you want to hide your real IP address, i think most people do it.

nice advice, thank you

[BaasMan]

For me the safest way is through a reliable exchange like Coinbase, Binance, Kraken... These sites are pretty secure, but remember, since they're online, they can still get hacked. So make sure you’ve got 2FA enabled to keep things safe.
For long-term storage, use a hardware wallet and use an exchange wallet if you’re just starting out, but don't keep too much there.
Also using a proxy for buying and storing Bitcoin is an option if you want to hide your real IP address, i think most people do it.

Any recommendation for proxies pls?

[AG0RA]

Also using a proxy for buying and storing Bitcoin is an option if you want to hide your real IP address, i think most people do it.

Any recommendation for proxies pls?

Robosats and Bisq are both available via Tor

[AndrewSter]

For me the safest way is through a reliable exchange like Coinbase, Binance, Kraken... These sites are pretty secure, but remember, since they're online, they can still get hacked. So make sure you’ve got 2FA enabled to keep things safe.
For long-term storage, use a hardware wallet and use an exchange wallet if you’re just starting out, but don't keep too much there.
Also using a proxy for buying and storing Bitcoin is an option if you want to hide your real IP address, i think most people do it.

Any recommendation for proxies pls?

If for privacy when trading proxy, I think you should use rotating ones to avoid being blocked by the site for making too many requests in a short time. I just used 9proxy and smartproxy, they're all good enough, stable. I'm using 9proxy lately bcause my workplace provides it, so I think it must be a good one.

[Davidvictorson]

Hi everyone, I'm pretty new to cryptocurrency in general, and I'm trying to figure out the best way to buy and store it.

Hi, welcome. We were here once. You will have all the help you need but you must also be willing to put in the work for it. There are different ways to buy bitcoin, you would have figured already from the previous comments. A note of caution is to chose the safest way. In my estimation one of the best is online. If anyone tells you to meet them somewhere to buy bitcoin while you pay cash, do not go.

I’ve heard a lot about Bitcoin, but I’m a bit confused about how to get started. What’s the safest way to purchase Bitcoin?
Are there specific wallets I should be using? Should I keep my Bitcoin in an exchange wallet, or is it better to use something like a hardware wallet?

I just shared this resources some moment ago but I will share with you again. However, going forward, please use the search bar for your questions. They have most likely been asked to aviod repetitions.

Here you go
If you are looking to learn more about bitcoin, I usually share mk4 compilation for those need to start from somewhere. It has helped me immensely and I hope it does so for you too. Here it is below.

Also, if you're new to bitcoin as well:

* If you like reading articles: https://coindesk.com/learn  -  Mine( https://cointelegraph.com/, https://bitcoinmagazine.com/)
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

https://bitcointalk.org/index.php?topic=5497602.msg64121922#msg64121922

[Floxynice]

Hi everyone, I'm pretty new to cryptocurrency in general, and I'm trying to figure out the best way to buy and store it.

I’ve heard a lot about Bitcoin, but I’m a bit confused about how to get started. What’s the safest way to purchase Bitcoin?
Are there specific wallets I should be using? Should I keep my Bitcoin in an exchange wallet, or is it better to use something like a hardware wallet?

If your concern about purchasing bitcoin is to avoid being scammed, then the safest way is for you to buy from a friend or brother whom you are familiar with.

Like I will always tell any newbie who cares to listen, do not be in a haste to buy bitcoins yet. First you use the time you have to do a thorough research about Bitcoin. Know the risks involved and most importantly how to avoid getting scammed.

Many people who lost their bitcoins didn't lose them because of volatility; they lost it to scammers. Learn first so you can take some protective measures when neccessary.

[nakamura12]

You can buy bitcoin in an exchange little by little. When buying bitcoin ,it doesn't to be 1 bitcoin and whatever amount of money you have is that you can use it to buy bitcoin and store it in a wallet. It is best if you use a non-custodial wallet where you have full control and you have the seed phrase. You can use electrum wallet which is a non-custodial wallet and open source. Since you are new I suggest you learn all about cryptocurreny first and on how to keep your security safe as to avoid losing the wallet.

[Su-asa]

Actually if you are from a region whereby binance P2P is available, you can buy bitcoin from there and send it to a Bitcoin wallet. If you need a Bitcoin wallet just go to app store and download the Electrum wallet, write down your seed  phrase and store it in a good place were it's you think is safe. As you are new to the crypto space, you have to find a better strategy which you can use to invest into Bitcoin, and I will suggest you use the DCA method and accumulate Bitcoin for long term.

[Rruchi man]

Hi everyone, I'm pretty new to cryptocurrency in general, and I'm trying to figure out the best way to buy and store it.

I’ve heard a lot about Bitcoin, but I’m a bit confused about how to get started. What’s the safest way to purchase Bitcoin?
Are there specific wallets I should be using? Should I keep my Bitcoin in an exchange wallet, or is it better to use something like a hardware wallet?

Welcome to the forum, and since no one has mentioned this to you, I will do so first.

Not every member of the forum has good intentions for newbies, especially those like you who have made known that they have zero knowledge but are interested in buying Bitcoin.

The best way to avoid being in such a position is to ignore any private messages from anyone disguising themselves to want to offer help to you in your PM. In this forum, answers are given openly.

[Odogwu-Blockchain]

Hi everyone, I'm pretty new to cryptocurrency in general, and I'm trying to figure out the best way to buy and store it.

I’ve heard a lot about Bitcoin, but I’m a bit confused about how to get started. What’s the safest way to purchase Bitcoin?
Are there specific wallets I should be using? Should I keep my Bitcoin in an exchange wallet, or is it better to use something like a hardware wallet?

Do you know if your country allow using debit card to buy Bitcoin or it can be done through p2p?
Do you intent to have your Bitcoin stored for long term or short? If you are looking to keep your Bitcoin for long, then it's better you store in your hardware wallet if you have it.

Ensure you safeguard your private key or secret seed phrase given to you by that wallet.

[Smartvirus]

I think the very place you should start is with your writing.
Maybe you’re not from an English speaking nation but this doesn’t really look like it, you seem to make out the words but, you’re not connecting it real good, it’s a little bit discontinued just when you were starting to make a complete thought.

Now Bitcoin isn’t native to any language and so, you could always access what you will in whatever language but, when you are not in the local boards, English dominates here so, having to present your ideas in the best tenses would help us all.

[freedomgo]

Why do you rush to invest? For quick profits? I bet you don’t even know well your investment so never rush on it, it’s never an emergency that requires immediate action. For now, educate yourself first and know all the basics prior to investing, and as always, listen from the experts, I mean the old investors in the forum as they will guide you throughout the process.

[tech30338]

Why do you rush to invest? For quick profits? I bet you don’t even know well your investment so never rush on it, it’s never an emergency that requires immediate action. For now, educate yourself first and know all the basics prior to investing, and as always, listen from the experts, I mean the old investors in the forum as they will guide you throughout the process.

He's panicking since the price is rising, we have been to this kind of situation, study first how crypto currencies behave, there is a bull run and bear market, and we might be in the bull, so the best thing for you to do now is to study first, there nothing much we can do for the price, but learning things at the moment is the best thing you should do, read a lot about it, how to use wallet, transfer etc., when bear comes you might have learn something, that's when you start to move slowly, remember rushing things has a negative results sometimes.

[Publictalk792]

As newcomer to crypto safest way to buy Bitcoin is through reliable exchange like Coinbase or Kraken or Binance. For storage you have two main options soft wallets which is easy to use but riskier because it is online or hardware wallet like Ledger or Trezor which is physical device that stores your Bitcoin offline and is much safer for larger amounts. It is best to start by buying small amount and keeping it on exchange then moving it to hardware wallet as your investment grows for better security.