You have probably heard this already but if you keep it at coinbase its not your bitcoin, get it onto a backed up paper wallet asap if your not going to use it for a while.
Good recommendation actually. If its at CB doesn't meant you own it.
Topic: About to buy my 1st Bitcoin (Read 3771 times)
Good recommendation actually. If its at CB doesn't meant you own it.
You have probably heard this already but if you keep it at coinbase its not your bitcoin, get it onto a backed up paper wallet asap if your not going to use it for a while.
OP, you seem to have abandoned this thread but if you check back I'd be interested to hear what you did with your bitcoin and if you still have it. Sorry to hear your Coinbase account got closed. They are one fucked up organization--I understand the need to KYC and all that stuff, but they're just unbelievable. They did the same thing with me, and now I have no good way to buy or sell bitcoin. I don't want to link my bank accounts to any other exchanges.
Anyway, hope everything worked out for OP.
Anyway, hope everything worked out for OP.
Really nice, hope you will enjoy your future profits on your first bitcoin.
All I can say is that you would need to keep it safe!
All I can say is that you would need to keep it safe!
Good job. Coinbase is a great service too 
Congratulation for the first step that i can say it has been a success. I want to say welcome to the world where the coin is highly valued than even gold. I want to encourage you to mae sure that once you have purchased the coins, make sure that they are being used to trade in terms of buying and selling just to make sure that you are generating profit from the amount you invested. You can also be able to lease the coins to the people who need them at a particular interest rate.
If you plan to keep it safe next 5 -10 years then store it in offline wallet coz you can never be sure if the online wallet will stay for that much time..and you can do anything with your btc as it's your money so the choice is always yours but storing locally is pretty safe idea
Coinbase tends to have this dodgy ~1 week delay before sending you your coins, regardless of whether the transaction was totally legit or not. I do like their prices, they're much less compared to exchanges' huge 5% fees, and the hilarious 7.5%+ fees on localbitcoins. If only there was a 0% fee service... I would be in totall heaven. Maybe bitcoin might go up if that site went up xD
Yes some improvement need to be done but still it is easy to transfer Bitcoin when compared to fiat currency through any exchange. But I have few traders who do the job so smoothly and they are trustable source to trade anytime . Always don't go for cheap rate because reputation and transactions should also be there
Get a wallet on your desktop pc.. but make sure its not infected by malware.
Then store them there and do whatever you want with your money
Then store them there and do whatever you want with your money
Coinbase tends to have this dodgy ~1 week delay before sending you your coins, regardless of whether the transaction was totally legit or not. I do like their prices, they're much less compared to exchanges' huge 5% fees, and the hilarious 7.5%+ fees on localbitcoins. If only there was a 0% fee service... I would be in totall heaven. Maybe bitcoin might go up if that site went up xD
So my question is: Once i buy my first bitcoin, what exactly do i do with it?
sadly, you just hit the nail..because there is nothing so special, what you can do only with bitcoin. so I recommend to print paper wallet and hodl:)
well you can just feel proud that you're part of a revolution
Good job friend. Don't gamble with the BTC you buy and you're all good 
So my question is: Once i buy my first bitcoin, what exactly do i do with it?
sadly, you just hit the nail..because there is nothing so special, what you can do only with bitcoin. so I recommend to print paper wallet and hodl:)
You should store you bitcoins on your desktop PC. Download a wallet and style your coins there. You can do whatever you want work your coins, don't ask us. Everyone has their own opinion.
I do not have any bitcoin yet. I will start using bitcoin core client, and buy small amount of bitcoin later.
Congratulations. I have had no issues with Coinbase and i felt comfortable making my first purchase through them.
I want to ask you, how payout of coinbase? I have 20,000 Satoshi there, but I can not move into my bitcoin address.Mugkin you have any suggestions for me? I really need help, maybe I do not understand how to use it or how I need help
u can send it directly to your address from your coinbase account
Finally! I have found an easy way to buy bitcoin.
Someone introduced me to coinbase. I signed up to it and i entered my banking details.
I uploaded 400 dollars to my usd account, and now i am finally going to purchase my first bitcoin.
I am very happy about this. It's about time i can easily buy bitcoin from my bank,
So my question is: Once i buy my first bitcoin, what exactly do i do with it?
Do i leave it in my coinbase account? Is it safe there?
Or do i transfer it to my desktop computer?
I'm not familiar with this yet. I plan to always keep a balance of 1 bitcoin in my account for 5 years to 10 years,
the rest of the bitcoin i buy i will spend online.
What is everyone's advice?
for beginners in bitcoin, you take a risk by buying bitcoin in large enough quantities, and reasonable if you are confused as to what you will do, in my opinion, you should keep it for some time, and I am sure you will make a profit in the near future this, because bitcoin prices continue to rise, but if you want to shopping oor buy something with bitcoin, you do not have to worry about security in coinbase, there is completely safe if you apply maximum security.Someone introduced me to coinbase. I signed up to it and i entered my banking details.
I uploaded 400 dollars to my usd account, and now i am finally going to purchase my first bitcoin.
I am very happy about this. It's about time i can easily buy bitcoin from my bank,
So my question is: Once i buy my first bitcoin, what exactly do i do with it?
Do i leave it in my coinbase account? Is it safe there?
Or do i transfer it to my desktop computer?
I'm not familiar with this yet. I plan to always keep a balance of 1 bitcoin in my account for 5 years to 10 years,
the rest of the bitcoin i buy i will spend online.
What is everyone's advice?
I have been using coinbase for a long time and it is very safe. You can keep you coins in coinbase, or if you want even more security, you can download a desktop wallet.
There is no harm trusting that wallet exchange. Some are just overacting. They are under in legal terms. Yes, it's not an assurance that they are 100% secure but if you are doubting then just keep a small portion of it. I really like the comfort that Coinbase giving to it's users.
Finally! I have found an easy way to buy bitcoin.
Someone introduced me to coinbase. I signed up to it and i entered my banking details.
I uploaded 400 dollars to my usd account, and now i am finally going to purchase my first bitcoin.
I am very happy about this. It's about time i can easily buy bitcoin from my bank,
So my question is: Once i buy my first bitcoin, what exactly do i do with it?
Do i leave it in my coinbase account? Is it safe there?
Or do i transfer it to my desktop computer?
I'm not familiar with this yet. I plan to always keep a balance of 1 bitcoin in my account for 5 years to 10 years,
the rest of the bitcoin i buy i will spend online.
What is everyone's advice?
for beginners in bitcoin, you take a risk by buying bitcoin in large enough quantities, and reasonable if you are confused as to what you will do, in my opinion, you should keep it for some time, and I am sure you will make a profit in the near future this, because bitcoin prices continue to rise, but if you want to shopping oor buy something with bitcoin, you do not have to worry about security in coinbase, there is completely safe if you apply maximum security.Someone introduced me to coinbase. I signed up to it and i entered my banking details.
I uploaded 400 dollars to my usd account, and now i am finally going to purchase my first bitcoin.
I am very happy about this. It's about time i can easily buy bitcoin from my bank,
So my question is: Once i buy my first bitcoin, what exactly do i do with it?
Do i leave it in my coinbase account? Is it safe there?
Or do i transfer it to my desktop computer?
I'm not familiar with this yet. I plan to always keep a balance of 1 bitcoin in my account for 5 years to 10 years,
the rest of the bitcoin i buy i will spend online.
What is everyone's advice?
I have been using coinbase for a long time and it is very safe. You can keep you coins in coinbase, or if you want even more security, you can download a desktop wallet.
Finally! I have found an easy way to buy bitcoin.
Someone introduced me to coinbase. I signed up to it and i entered my banking details.
I uploaded 400 dollars to my usd account, and now i am finally going to purchase my first bitcoin.
I am very happy about this. It's about time i can easily buy bitcoin from my bank,
So my question is: Once i buy my first bitcoin, what exactly do i do with it?
Do i leave it in my coinbase account? Is it safe there?
Or do i transfer it to my desktop computer?
I'm not familiar with this yet. I plan to always keep a balance of 1 bitcoin in my account for 5 years to 10 years,
the rest of the bitcoin i buy i will spend online.
What is everyone's advice?
for beginners in bitcoin, you take a risk by buying bitcoin in large enough quantities, and reasonable if you are confused as to what you will do, in my opinion, you should keep it for some time, and I am sure you will make a profit in the near future this, because bitcoin prices continue to rise, but if you want to shopping oor buy something with bitcoin, you do not have to worry about security in coinbase, there is completely safe if you apply maximum security. Someone introduced me to coinbase. I signed up to it and i entered my banking details.
I uploaded 400 dollars to my usd account, and now i am finally going to purchase my first bitcoin.
I am very happy about this. It's about time i can easily buy bitcoin from my bank,
So my question is: Once i buy my first bitcoin, what exactly do i do with it?
Do i leave it in my coinbase account? Is it safe there?
Or do i transfer it to my desktop computer?
I'm not familiar with this yet. I plan to always keep a balance of 1 bitcoin in my account for 5 years to 10 years,
the rest of the bitcoin i buy i will spend online.
What is everyone's advice?
You should store you bitcoins on your desktop PC. Download a wallet and style your coins there. You can do whatever you want work your coins, don't ask us. Everyone has their own opinion.
Buy your coins and don't make the same mistake i did.
The mistake i was to think i am am stock broker and i could earn by surfing the waves of the market.
Guess not you need more experience for that.
The mistake i was to think i am am stock broker and i could earn by surfing the waves of the market.
Guess not you need more experience for that.
Jump to: