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Topic: Ask for help: How to get start in bitcoin world (Read 2327 times)

newbie
Activity: 28
Merit: 0
November 09, 2014, 09:20:34 AM
#35
Learn good about this currency before starting in this world.
hero member
Activity: 820
Merit: 1000
Is blockchain.info the best online wallet for hot wallets?

Is blockchain.info the best online wallet for hot wallets?
It is one of the best as its open sourced with features with two factor authentication, no one would able to access your coins. Compared to coinbase, which have full access of your coins, blockchain.info do not have unencrypted private keys which means a hacker who can hack into blockchain.info online wallet would possibly never get your BTC. The best online desktop would still be Bitcoin Core, you would be getting the fullest control over your private key as no one else have access to your private key regardless of whether it's encrypted. Blockchain.info still have control over your encrypted private key but it would be hard to brute force. For the best online wallet with best security, blockchain.info would be recommended.

Well said.
Apart from blockchain.info, there are also some mutisig online wallets now such as BitGo (https://www.bitgo.com/) and GreenAddress (https://greenaddress.it/), which allows you to control your bitcoin. Smiley
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Here is the simplest. Take your time, and browse through these forums, and spend an entire week reading as much as you can. Here and the wiki.

I learned everything here. And everything you need to learn is still here. Probably buried deep in some old threads.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Is blockchain.info the best online wallet for hot wallets?
It is one of the best as its open sourced with features with two factor authentication, no one would able to access your coins. Compared to coinbase, which have full access of your coins, blockchain.info do not have unencrypted private keys which means a hacker who can hack into blockchain.info online wallet would possibly never get your BTC. The best online desktop would still be Bitcoin Core, you would be getting the fullest control over your private key as no one else have access to your private key regardless of whether it's encrypted. Blockchain.info still have control over your encrypted private key but it would be hard to brute force. For the best online wallet with best security, blockchain.info would be recommended.
newbie
Activity: 3
Merit: 0
Is blockchain.info the best online wallet for hot wallets?
hero member
Activity: 820
Merit: 1000
actually, I am Chinese and I found it is hard to use CNY to deposit to buy BTC Sad Sad


maybe you will ask why don't use Chinese exchangers or why not ask in a China forum. cause I suppose the foreign one is more reliable.
AFAIK, there is a Bitcoin ATM which you can use to purchase Bitcoins. If there isn't, localbitcoins.com would be the best choice.

fine, thank you so much Grin

According to http://www.coindesk.com/bitcoin-atm-map/, there are only 4 places you can find a bitcoin ATM in China, which is Beijing, Shanghai, Macau and Hong Kong.
If you don't live near those 4 cities, the best option IMO is to use localbitcoins.
newbie
Activity: 12
Merit: 0
actually, I am Chinese and I found it is hard to use CNY to deposit to buy BTC Sad Sad


maybe you will ask why don't use Chinese exchangers or why not ask in a China forum. cause I suppose the foreign one is more reliable.
AFAIK, there is a Bitcoin ATM which you can use to purchase Bitcoins. If there isn't, localbitcoins.com would be the best choice.

fine, thank you so much Grin
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
actually, I am Chinese and I found it is hard to use CNY to deposit to buy BTC Sad Sad


maybe you will ask why don't use Chinese exchangers or why not ask in a China forum. cause I suppose the foreign one is more reliable.
AFAIK, there is a Bitcoin ATM which you can use to purchase Bitcoins. If there isn't, localbitcoins.com would be the best choice.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Understand basics like the following:

1. Learn to back up your wallet balance
2. Learn to save your private keys and do not share them
3. Learn bitcoin balance typo errors can be made eg: 0.1 when you meant 0.01
4. Learn bitcoin is a non reversible payment
5. Learn to use reputable escrow with +1 or higher
6. Know in the bitcoin world of business anything can be gone within in instant.



Is backing your btc wallet really necessary?


I suppose, it is unnecessary if I just buy/sell. is it right?

Yes if you want to keep your bitcoins online without having a wallet on your computer, but I don't know if that is very safe.
If the site goes down or is hacked, you could lose control of the bitcoins. : /
Online shared wallet are not 100% secure. The operator have full control of your Bitcoins, try using wallets like blockchain.info and enable 2FA. Since they do not have any control over your Bitcoins, you will not lose them if they get hacked or run away. It is pretty much secure from hacker too compared to normal desktop wallets as they need 2FA code to access your account.

so to protect my wallet well is the most important thing. Can I copy the wallet to another place then delete it after I update it?
You can but there is a risk. A hacker may seize the chance to get your wallet before you delete it if you do it offline, I suppose there is no problem.
newbie
Activity: 12
Merit: 0
actually, I am Chinese and I found it is hard to use CNY to deposit to buy BTC Sad Sad


maybe you will ask why don't use Chinese exchangers or why not ask in a China forum. cause I suppose the foreign one is more reliable.
newbie
Activity: 12
Merit: 0
Understand basics like the following:

1. Learn to back up your wallet balance
2. Learn to save your private keys and do not share them
3. Learn bitcoin balance typo errors can be made eg: 0.1 when you meant 0.01
4. Learn bitcoin is a non reversible payment
5. Learn to use reputable escrow with +1 or higher
6. Know in the bitcoin world of business anything can be gone within in instant.



Is backing your btc wallet really necessary?


I suppose, it is unnecessary if I just buy/sell. is it right?

Yes if you want to keep your bitcoins online without having a wallet on your computer, but I don't know if that is very safe.
If the site goes down or is hacked, you could lose control of the bitcoins. : /
Online shared wallet are not 100% secure. The operator have full control of your Bitcoins, try using wallets like blockchain.info and enable 2FA. Since they do not have any control over your Bitcoins, you will not lose them if they get hacked or run away. It is pretty much secure from hacker too compared to normal desktop wallets as they need 2FA code to access your account.

so to protect my wallet well is the most important thing. Can I copy the wallet to another place then delete it after I update it?
full member
Activity: 476
Merit: 100
Start by buying bitcoins!
sr. member
Activity: 1428
Merit: 326
Eloncoin.org - Mars, here we come!
Ah, you know a lot more than me. Didn't know that you could encrypt paper wallets. Thanks for the information! I'll probably have a new paper wallet when I actually decide to invest!
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Understand basics like the following:

1. Learn to back up your wallet balance
2. Learn to save your private keys and do not share them
3. Learn bitcoin balance typo errors can be made eg: 0.1 when you meant 0.01
4. Learn bitcoin is a non reversible payment
5. Learn to use reputable escrow with +1 or higher
6. Know in the bitcoin world of business anything can be gone within in instant.



Is backing your btc wallet really necessary?


I suppose, it is unnecessary if I just buy/sell. is it right?

Yes if you want to keep your bitcoins online without having a wallet on your computer, but I don't know if that is very safe.
If the site goes down or is hacked, you could lose control of the bitcoins. : /
Online shared wallet are not 100% secure. The operator have full control of your Bitcoins, try using wallets like blockchain.info and enable 2FA. Since they do not have any control over your Bitcoins, you will not lose them if they get hacked or run away. It is pretty much secure from hacker too compared to normal desktop wallets as they need 2FA code to access your account.

To be honest, nothing would be 100% secure. Whether you keep a paper wallet in a physical location or an online, or a desktop wallet, there will always be insecurities; it's a wallet, like any other wallet. But I agree with the blockchain.info; it is one of the more reliable ones.
The offline paper wallet pretty much eliminates much of the risk, the risk of hacker getting your private key. Risk of bad RNGs can be eliminated by using mouse movement to generate a private key. Encrypting with BIP38 eliminates the risk of a person finding your paper wallet and spending it as they need the password.
sr. member
Activity: 1428
Merit: 326
Eloncoin.org - Mars, here we come!
Understand basics like the following:

1. Learn to back up your wallet balance
2. Learn to save your private keys and do not share them
3. Learn bitcoin balance typo errors can be made eg: 0.1 when you meant 0.01
4. Learn bitcoin is a non reversible payment
5. Learn to use reputable escrow with +1 or higher
6. Know in the bitcoin world of business anything can be gone within in instant.



Is backing your btc wallet really necessary?


I suppose, it is unnecessary if I just buy/sell. is it right?

Yes if you want to keep your bitcoins online without having a wallet on your computer, but I don't know if that is very safe.
If the site goes down or is hacked, you could lose control of the bitcoins. : /
Online shared wallet are not 100% secure. The operator have full control of your Bitcoins, try using wallets like blockchain.info and enable 2FA. Since they do not have any control over your Bitcoins, you will not lose them if they get hacked or run away. It is pretty much secure from hacker too compared to normal desktop wallets as they need 2FA code to access your account.

To be honest, nothing would be 100% secure. Whether you keep a paper wallet in a physical location or an online, or a desktop wallet, there will always be insecurities; it's a wallet, like any other wallet. But I agree with the blockchain.info; it is one of the more reliable ones.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Understand basics like the following:

1. Learn to back up your wallet balance
2. Learn to save your private keys and do not share them
3. Learn bitcoin balance typo errors can be made eg: 0.1 when you meant 0.01
4. Learn bitcoin is a non reversible payment
5. Learn to use reputable escrow with +1 or higher
6. Know in the bitcoin world of business anything can be gone within in instant.



Is backing your btc wallet really necessary?


I suppose, it is unnecessary if I just buy/sell. is it right?

Yes if you want to keep your bitcoins online without having a wallet on your computer, but I don't know if that is very safe.
If the site goes down or is hacked, you could lose control of the bitcoins. : /
Online shared wallet are not 100% secure. The operator have full control of your Bitcoins, try using wallets like blockchain.info and enable 2FA. Since they do not have any control over your Bitcoins, you will not lose them if they get hacked or run away. It is pretty much secure from hacker too compared to normal desktop wallets as they need 2FA code to access your account.
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
Understand basics like the following:

1. Learn to back up your wallet balance
2. Learn to save your private keys and do not share them
3. Learn bitcoin balance typo errors can be made eg: 0.1 when you meant 0.01
4. Learn bitcoin is a non reversible payment
5. Learn to use reputable escrow with +1 or higher
6. Know in the bitcoin world of business anything can be gone within in instant.



Is backing your btc wallet really necessary?


I suppose, it is unnecessary if I just buy/sell. is it right?

Yes if you want to keep your bitcoins online without having a wallet on your computer, but I don't know if that is very safe.
If the site goes down or is hacked, you could lose control of the bitcoins. : /
sr. member
Activity: 1428
Merit: 326
Eloncoin.org - Mars, here we come!
Hello experts,

I am new here to the world of BTC, really interested in, but don't know how to start.

I had read some threads about what is satoshi is, its future, etc. And can understood part of them.

I know there are two ways to have BTC, one is buy/sell, another is mining. cause I don't have specialized knowledge on technique. So I only can choose buy/sell.

What I need are steps and what should I know before start.

Sincerely need your help.

Thanks.


U can try faucet,trading or gambling for try u luck. Gambling is the way fast for earn bitcoin but u must know the risk

gambling? how? Tell me more details

Gambling is literally, just gambling; you bet a certain amount of bitcoins, and if you win, you earn your bet back + extra. The house always has the edge. In order to gamble, however, you to need ascertain some initial funds. You can't gamble if you don't have anything to gamble with!
legendary
Activity: 4438
Merit: 3387
Understand basics like the following:

1. Learn to back up your wallet balance
2. Learn to save your private keys and do not share them
3. Learn bitcoin balance typo errors can be made eg: 0.1 when you meant 0.01
4. Learn bitcoin is a non reversible payment
5. Learn to use reputable escrow with +1 or higher
6. Know in the bitcoin world of business anything can be gone within in instant.



Is backing your btc wallet really necessary?

If you lose your private keys, you lose your bitcoins. Backing up your wallet is not necessary, but why risk it? People lose their wallets all the time.
newbie
Activity: 12
Merit: 0
Hello experts,

I am new here to the world of BTC, really interested in, but don't know how to start.

I had read some threads about what is satoshi is, its future, etc. And can understood part of them.

I know there are two ways to have BTC, one is buy/sell, another is mining. cause I don't have specialized knowledge on technique. So I only can choose buy/sell.

What I need are steps and what should I know before start.

Sincerely need your help.

Thanks.


U can try faucet,trading or gambling for try u luck. Gambling is the way fast for earn bitcoin but u must know the risk

gambling? how? Tell me more details
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