Finally! I have found an easy way to buy bitcoin.
What is everyone's advice?
What is everyone's advice?
Make sure you hold some forever, could be the best use of you time vs your whole working life.
Topic: About to buy my 1st Bitcoin - page 2. (Read 3805 times)
Make sure you hold some forever, could be the best use of you time vs your whole working life.
What a way to plan your investments! Firstly you buy a bitcoin, and secondly you ask what to do with a bitcoin! It is a perfect example of emotional investment, and I would recommend you a better planning in your next decisions.
Well said!! Before investing into a new venture, one must first be aware about all the technicalities regarding it. Buying a bit coin and then thinking of its use is of no benefit. Only those can earn profit by trading with btc who are well experienced and knowledgeable.
What a way to plan your investments! Firstly you buy a bitcoin, and secondly you ask what to do with a bitcoin! It is a perfect example of emotional investment, and I would recommend you a better planning in your next decisions.
Has the OP ever responded to this thread?
A lot of good advice here. Ask yourself this question: if you had $450 would you keep it in a bank or in your pocket/at home as cash? If your answer is "in a bank" leave it with Coinbase...
The only difference between Coinbase and a fiat bank is that Coinbase doesn't offer loans, that's it.
A lot of good advice here. Ask yourself this question: if you had $450 would you keep it in a bank or in your pocket/at home as cash? If your answer is "in a bank" leave it with Coinbase...
The only difference between Coinbase and a fiat bank is that Coinbase doesn't offer loans, that's it.
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
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?
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?
Much of the above advice is excellent. I would not store my BTC at coinbase, at least for long.
The safest way that is "pretty easy" would be to buy a "hardware wallet". I use and like both the Trezor and the Ledger Nano, but there are newer ones available too.
https://www.bitcointrezor.com/
https://www.ledgerwallet.com/
Of course you can buy them w/ BTC!
LiteCoinGuy has a big and useful thread re hardware wallets: https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253 It's a long thread but worth reading.
Just a week with coinbase and my account was closed!
please see this thread!
https://bitcointalksearch.org/topic/coinbase-closed-my-account-after-1-week-1278463
please see this thread!
https://bitcointalksearch.org/topic/coinbase-closed-my-account-after-1-week-1278463
After buying bitcoin download a Wallet and transfer the coin to the wallet.
I would recommend you to use Multibit wallet.
I would recommend you to use Multibit wallet.
nice! good job, now create a paper wallet while offline and take that paper wallet to your bank, or a safe place. create a copy to put somewhere and also keep copies on USB keys too. Not all at the same place, so if your house burns down well you dont lose it all. that is the safest, but kinda complicated. I wouldnt worry too much about coinbase, but one rule is that you never keep what you dont trade on an exchange. never. ever. ever.
It's that complicated, also don't forget to use BIP38 on your paper wallet so you can have it all nicely encrypted, you know just in case someone finds the paper which is pretty easy unless you live alone and know no one will be around. I think it's insane that some people out there are using private wallets without encrypting them first, just hoping that no one finds it.
nice! good job, now create a paper wallet while offline and take that paper wallet to your bank, or a safe place. create a copy to put somewhere and also keep copies on USB keys too. Not all at the same place, so if your house burns down well you dont lose it all. that is the safest, but kinda complicated. I wouldnt worry too much about coinbase, but one rule is that you never keep what you dont trade on an exchange. never. ever. ever.
I would say leave it there in your wallet but if you're feeling risky you can invest it but only if you take the risk 
Its better to invest your coins if you like to earn more coins withing that 5 years but if you can afford to buy more periodically keep on buying and store. You may be happy to see the price after 5 years. Good luck
Here is a description of cold wallet storage:
Bitcoin 101 - Intro to Paper Wallets & Cold Storage:
https://www.youtube.com/watch?v=I1uefzJJ6nM
Bitcoin 101 - Intro to Paper Wallets & Cold Storage:
https://www.youtube.com/watch?v=I1uefzJJ6nM
It's your 'money' and you can do whatever you want... why are you asking here what should you do with your BTC?
He's just looking for some advice buddy. As a newbie that's what we all wanted wasn't it? Nothing wrong with asking for advice on here is there, we're a pretty good community on the whole.
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?
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?
Don't do it brother!
http://imgur.com/4vfaIBy
What to do with your bitcoin? Well, when someone decides to invest his money it should be a must to plan previously this issues, my friend. A smart investor always should analyze comprehensively his options, targets and methods to get them, but it seems you have invested emotionally.
You should know that when it comes to investing into anything, the first thing that comes into consideration is "sentiments", so can you clarify the difference between sentiments and emotions???
I guess both are same...
To OP, congratulations on buying your 1st coin...
Meanwhile, just wait and watch the markets everyday because there are surprises to come...
Since you bought it in coinbase it's not bad to hold there.
Maybe you will start trading one day and there you can easily trade.
But also transferring to another wallet desktop or hardware it's better.
Maybe you will start trading one day and there you can easily trade.
But also transferring to another wallet desktop or hardware it's better.
Why transfer to a wallet desktop? isn't coinbase pretty safe
are malwares able to steal from desktop wallet
only if you permit it, and download random exe, otherwise desktop wallet is more secure than any other wallet, butc oinbase come with insurance, so even if they steal you you are covered up to 100k i think, if i'm right...
Since you bought it in coinbase it's not bad to hold there.
Maybe you will start trading one day and there you can easily trade.
But also transferring to another wallet desktop or hardware it's better.
Maybe you will start trading one day and there you can easily trade.
But also transferring to another wallet desktop or hardware it's better.
Why transfer to a wallet desktop? isn't coinbase pretty safe
are malwares able to steal from desktop wallet
What to do with your bitcoin? Well, when someone decides to invest his money it should be a must to plan previously this issues, my friend. A smart investor always should analyze comprehensively his options, targets and methods to get them, but it seems you have invested emotionally.
Since you bought it in coinbase it's not bad to hold there.
Maybe you will start trading one day and there you can easily trade.
But also transferring to another wallet desktop or hardware it's better.
Maybe you will start trading one day and there you can easily trade.
But also transferring to another wallet desktop or hardware it's better.
Why transfer to a wallet desktop? isn't coinbase pretty safe
are malwares able to steal from desktop wallet
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