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Topic: Buying bitcoin (Read 254 times)

hero member
Activity: 2338
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Today at 06:13:40 PM
#26
All ways have been told to you and there is one thing that I want you to remember. Skip the people that says this;
"I'll help you, send me a DM"
You don't have to DM anyone when resources are open here and posted in public.
You only have to follow instructions, the right one and access to genuine resources.
full member
Activity: 102
Merit: 21
Today at 03:01:44 PM
#25
Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start
Purchasing bitcoin is now very easy compared to how it was in the past, there are now lots of Exchanges where you can easily purchase your bitcoins and also store them but then storing your assets in an exchange is not ideal and as a beginner I advise you get yourself familiar with the sentence ”Not your keys not your coins” so that you will know how dangerous it is to not store your coins in an exchange.

I see that some members have shared some link with you so my advice is that you first study and understand the basics of Bitcoin and Cryptocurrency because it is very risky and any mistakes will lead to loss of your assets. You need the basic knowledge to understand the best wallet to choose so learning should be your starting point first.
hero member
Activity: 1666
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December 21, 2024, 04:56:38 PM
#24
Buying bitcoin is very easy and understandable, for access of purchasing bitcoin, you can go through exchange like binance and even Remitano depends the continent you're, because some exchanges has limitations or restricted countries that can't access their exchange, so what I want us to understand, is that we have to understand that through exchange you can purchase as large as bitcoin you want after you have been verified through the platform..you can even purchase bitcoin through manual p2p.
full member
Activity: 462
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Duelbits.com
December 21, 2024, 03:53:54 PM
#23
Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start
On several exchanges out there, if you prompt a Google search on your browser for the top five or best five cryptocurrency exchanges in the world, you are going to get some good suggestions of which I believe by bit and binance is going to be one of them so you can pick from one of these and then create a wallet and buy as much crypto as you want but it's always best not to keep you crypto in an exchange wallet but you can always buy from them then further transfer to a non custodian wallet and HV your assets safe there.
sr. member
Activity: 588
Merit: 289
December 21, 2024, 07:16:21 AM
#22
Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start
Welcome to Bitcointalk forum, you have made the right decision to have ask these questions because that’s what you need to know as your basics before starting your crypto journey, I am very sure with response you have started seeing in this post has started given you ways to learn and understand how it works.

If you want to save Bitcoin, install Electrum wallet and make sure it is from their official website, save your seed phrase and you can use DCA method to accumulate your Bitcoin.

Learn about Bitcoin and how it works in this website and make sure you save your seed phrase in a safe place.
legendary
Activity: 2478
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December 21, 2024, 01:31:01 AM
#21
OP, I will advise you to make use of coinmarketcap in search for exchange on where to buy bitcoin. On coinmarketcap, you could get reliable and trustworthy crypto exchange that are amongst the top ranking in the world were you not have much issues registering to have an account with them. Once you choose any, you do your KYC as that is the most important thing they require of you in line with the regulations of the jurisdiction on which they operate.

He must not necessary have to do KYC before he can buy and own Bitcoin or other coins of his choice. He can buy Bitcoin on this form through the market section of the forum.

There are reliable sellers here that'll be willing to sell him in exchange for his fiats. Not a must to use CEX for purchasing of Bitcoin as we have P2P exchanges that are functioning. Too don't believe in an exchange just because it's listed on coinmarketcap, their duty is to just list and rank all platforms that offer crypto related service therefore they might list scams unintentionally. Asking questions on the forum is one of the safest way to get the correct information that the OP needs.
hero member
Activity: 1722
Merit: 801
December 20, 2024, 10:57:06 PM
#20
You can always buy bitcoin from a reputable exchange,  atleast getting bitcoin from exchange is safe than when trying to get it from regular crypto vendors. The exchange is just good for buying and selling of bitcoin,  after buying bitcoin it is very important to transfer it to a non custodial wallet that your asset will be safe for you to invest.
There are three main ways of purchase and sale of bitcoin: Centralized Exchanges, Decentralized Exchanges /P2P market places; trade in person. The last type is risky because you will have to trade in person, and risk of physical attacks exists.

Centralized Exchanges nowadays usually require KYC.
DEX/P2P tends to provide their services to customers without KYC.

Depends on your need, your privacy concern, let's choose CEX or DEX, with or without KYC.
https://kycnot.me/?t=exchange

Quote
The most important thing when it comes to bitcoin is to have good understanding of how to protect and how to invest it to yield better profit. The reason why some people buy bitcoin is to make quick money out from it and with this mindset the essence of buying bitcoin don't end well.
Before you think of profit, you have to think of protection of fund, by that I mean you will have to withdraw your coin from CEX as soon as possible after you done your purchasing trade.

Storing coins on CEX is very risky and not recommended.
Reminder: do not keep your money in online accounts
hero member
Activity: 1050
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God is great
December 20, 2024, 03:11:00 PM
#19
Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start
You can always buy bitcoin from a reputable exchange,  atleast getting bitcoin from exchange is safe than when trying to get it from regular crypto vendors. The exchange is just good for buying and selling of bitcoin,  after buying bitcoin it is very important to transfer it to a non custodial wallet that your asset will be safe for you to invest.

The most important thing when it comes to bitcoin is to have good understanding of how to protect and how to invest it to yield better profit. The reason why some people buy bitcoin is to make quick money out from it and with this mindset the essence of buying bitcoin don't end well.
full member
Activity: 448
Merit: 163
December 20, 2024, 02:38:13 PM
#18
Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start
There’s severals exchanges where you can purchase your Bitcoins in any amount of money you wish to buy, and when I go through my fellows members posts here, i see that they’ve recommended you with so many’s exchanges where you can get to purchase Bitcoin in easier ways, the only things for you to don now is that: will select the wallet you like create and verify it and then start what ever you want Mate:

sr. member
Activity: 616
Merit: 442
Forum Only For Fun
December 20, 2024, 01:09:32 PM
#17
Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start

[General] Bitcoin Wallets - Which, what, why? <- This topic is useful for learning the basics of wallets. For more detailed knowledge about wallets, you can visit the wallet software and hardware wallets boards.

Bitcoin can be purchased on exchanges operating in our region that support fiat deposits. Trusted exchanges, at least those that have been operating for a long time. After buying, do not store them there.
sr. member
Activity: 728
Merit: 421
December 20, 2024, 10:53:34 AM
#16
OP, I will advise you to make use of coinmarketcap in search for exchange on where to buy bitcoin. On coinmarketcap, you could get reliable and trustworthy crypto exchange that are amongst the top ranking in the world were you not have much issues registering to have an account with them. Once you choose any, you do your KYC as that is the most important thing they require of you in line with the regulations of the jurisdiction on which they operate.

After which, you activate your wallet and start your purchase depending on which that is able to accept your local currency for transaction. You can transfer to your exchange wallet and start purchase but after purchase, you should be able to withdraw to your own private wallet. It is best you use a safe and secured wallet like electrum so that your bitcoin is well secured under your custody.

Always remember this " Not your keys, Not your coin". Any assets that is not under your custody is not your assets as long as you do not have access to the keys of that wallet holding that asset, it is not yours till you transfer it to your own self custodial wallet then you can claim to be the owner of the coin because it is under your custody.
full member
Activity: 350
Merit: 128
December 19, 2024, 10:57:08 AM
#15
Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start

Start with knowing the potentials of bitcoin basically on how it's used as valuable and then be aware that it's a fluctuating digital currency which rates of market values is potential to increase and decrease.
Build up a strong emotion to take risks with no panicking rather than hold your patient when the market phase isn't going towards your wills.
You can always buy your bitcoin on the exchange with the features of the p2p and then make your payment with the fiats. All depends between you and the seller but before then, you must creat a strong secured wallet to keep your bitcoin safe from thefts.

And as a beginner, I must tell that you shouldn't be attracted to customed designed of any form of getting quick rich otherwise you'll end up into the hands of scammers.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
December 19, 2024, 10:53:34 AM
#14
First, use an Electrum or BlueWallet wallet.
Learn me a Bitcoin has good information on recommended best wallets.
https://learnmeabitcoin.com/beginners/wallets/#best-wallets

If there is doubt about a wallet is close source or open source, checking it with https://walletscrutiny.com/
For example, checking Exodus and Trust wallet.
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=exodus
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=Trust
Checking shows those wallets are Unreproducible or No source.
sr. member
Activity: 294
Merit: 433
HODL - BTC
December 19, 2024, 10:38:13 AM
#13
First, use an Electrum or BlueWallet wallet.
Verify the wallet correctly to avoid phishing links.

Buying bitcoin on local exchanges makes it easy to deposit fiat and then buy bitcoin, you can withdraw to non-custodial wallets such as Electrum and Bluewallet, as storing assets on exchanges is not recommended.

That's roughly what we do to buy bitcoin.
legendary
Activity: 1750
Merit: 1329
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December 19, 2024, 10:06:25 AM
#12
You can buy your first bitcoin with the help of an exchange and of course, you need to consider the exchange that is supported by your country and has a lot of features you might enjoy upon using their platform, they are supported with a wallet but to make sure your security of your asset having your own wallet is a must with the use of hot or cold wallet, for the hot wallet those are the wallet connected with your device that requires an internet connection like electrum, exocus, etc. which has a seed phrase you need to store you keep your funds safe. A budget hardware wallet is ideal because your wallet is offline and can't make a transaction without your device's permission.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
December 19, 2024, 10:02:03 AM
#11
Is this a thread to get information from the newbies, or do you want to know about these things from us, honestly you can use a centralized exchange or non-custodial wallet like Exodus or Trust wallet for centralized exchange you can use Binance or Ku-coin.
Exodus and Trust wallets are not good wallets to use.

Reason is they're closed source wallets, and good wallets need to be open-source and non-custodial.

Centralized exchanges can be used to buy your bitcoin, and trade it, but if you want to hold, they're not good for storage a long time. If you are a holder, move your bitcoin off centralized exchanges. It's classic warning and advice.

It's not your private keys, it's not your bitcoins.
Reminder: do not keep your money in online accounts
sr. member
Activity: 588
Merit: 338
December 19, 2024, 09:48:51 AM
#10
Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start
Bitcoin is not a physical asset or cash so you need a device that connects to the internet, like your smart phone or laptop. The process is quite easy and I believe that on this thread you've been educated on how to create a wallet, where to buy which is from exchanges or through p2p transactions with someone that you know or is highly recommended. Have it in mind that there are fake wallets and scam exchanges, you need to DYOR diligently before creating an account. I'll tell you one of the biggest lessons that I've learnt on this forum and that is to keep your Bitcoin in a none custodial wallet, never leave it in an exchange, if it's not your keys it's not your coins.
legendary
Activity: 966
Merit: 1042
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December 19, 2024, 09:47:56 AM
#9
Good day. In connection with the latest events in the growth of Bitcoin, this topic has become of interest. Tell us where you can buy bitcoin, create a wallet and where to even start

Tell Us?

Is this a thread to get information from the newbies, or do you want to know about these things from us, honestly you can use a centralized exchange or non-custodial wallet like Exodus or Trust wallet for centralized exchange you can use Binance or Ku-coin.

Clarify the query first hehe as I cant get what are you trying to say due to my incompetence with pro English.
sr. member
Activity: 854
Merit: 424
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December 19, 2024, 08:54:50 AM
#8
This is very easy to say, but you should be careful and download only the original wallet, if possible verify the file before installation, and be sure that the device on which the wallet will be installed is clean of viruses and malware. Otherwise, the investment may end up having a bitter taste.
Some tutorials to use Electrum wallet safely. Yeah, saying is easier than applying these tutorials in practice with Electrum wallet, but if anyone want to own bitcoin, store it in their open source and non custodial wallet, for instance, Electrum, have to do these steps for safety of Bitcoin fund.

legendary
Activity: 3234
Merit: 5637
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December 19, 2024, 07:57:02 AM
#7
Create a wallet such as Electrum and secure the recovery seeds.
~snip~


This is very easy to say, but you should be careful and download only the original wallet, if possible verify the file before installation, and be sure that the device on which the wallet will be installed is clean of viruses and malware. Otherwise, the investment may end up having a bitter taste.

Every beginner should learn a lot before investing in BTC, and even that first investment should be relatively modest, because it is much easier to lose $50 than $500 or more. Learning from your own mistakes is the most expensive.
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