Bitcoin Beginner Question / PLEASE HELP - page 2.

Artemis3

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Quote from: Dollygirl5531 on September 11, 2019, 02:22:51 PM

I went the Paxful site & it states they provide a wallet, is their wallet different than Electrum 's wallet ? I'm only in need of $30-$40 in Bitcoin & am looking for the easiest way possible to do this one time transaction.

For a one time, single transaction - what do you suggest ? Thanks so much for your time & help !

If you are buying in Coinbase that should be enough, you get a wallet there as well and can send funds from there directly to another bitcoin wallet. Same thing for other exchanges.

Make your own wallet if you plan to receive and send bitcoins in the future, for that Electrum is good, but you need to inform yourself first on Do's and don't s when handling your very own bitcoin wallet.

TalkStar

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Your first expert has given you the best advice and its better to follow his guideline as a bitcoin beginner. Electrum is the most secure wallet and on the other hand you can use Coinbase as a trusted exchange. Both of them are best on their service which you will understand after starting to use them.

You can use below links to open your Electrum wallet and Coinbase account;

1. https://electrum.org
2. https://www.coinbase.com

Dollygirl5531

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I went the Paxful site & it states they provide a wallet, is their wallet different than Electrum 's wallet ? I'm only in need of $30-$40 in Bitcoin & am looking for the easiest way possible to do this one time transaction.

For a one time, single transaction - what do you suggest ? Thanks so much for your time & help !

BitMaxz

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Paxful is not a wallet its a P2P exchange and Coinbase is an exchange site.

I heard that Paxful is not safe to use there are many scammers out there. If you want to buy bitcoin you can buy directly to Coinbase.

Electrum is one of the recommended wallets because you have full control of your private keys, unlike Coinbase. If you want to store your Bitcoin safety choose Electrum wallet.
The right URL for Electrum wallet is this one https://electrum.org
Beware on fake electrum website make sure to use the URL above.

Dollygirl5531

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I was advised to download a wallet (Electrum), then to open an account with an "exchange" (Coinbase) but then another "expert" advised me to use Paxful for BOTH. He said I can purchase Bitcoin on Paxful AND use the wallet Paxful automatically provides. Can anyone confirm this for me please, thx !

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