Topic: How can I invest to BTC? - page 2. (Read 641 times)

It's good that you chose bitcoin as a new investment instead of all other coins. You can buy bitcoins via p2p from the top exchanges to buy bitcoins. Before investing money, first of all check how safe is the place where you are keeping the money. Keep your Bitcoins safe by transferring your Bitcoins to a popular wallet like Electorum. Since you are new and have no experience then you can learn how to save bitcoin money by watching various tutorials online. Bitcoin is a long term investment if you can hold on to it you will get good returns in the future. Best of luck.

If you are really a new member then I want to tell you that you can buy bitcoin through p2p by verifying binance exchange KYC with your local currency. You can create an Electrum wallet and store your bitcoins there. But you must have some experience to buy bitcoin, if you are new then you can see how to buy from YouTube. But there is no way to make a mistake, if you make a mistake you will lose your money. Also I see many here explain you very easily with links please try hope you will succeed. But finally I want to tell you that the wallet you hold is very secure no one can steal your wallet seed phrase.

You are interested in investing in Bitcoin which is great. You can buy bitcoins from Kucoin or Binance p2p to buy bitcoins. One thing you need to be aware of is that exchanges are risky so you don't keep bitcoins on exchanges. You buy bitcoins from an exchange and transfer bitcoins to a good wallet. But you will try to hold the investment for a long time. You can earn a lot of profit if you hold for a long time. Many say invest what you can afford to lose. You keep investing in DCA method. Good luck to you.

Hmm that's quite good idea for investing in Bitcoin. 
 
But mate, I will try to emphasize a little bit that you are new to this territory and didn't even know that How harmful can it be for you to share the final status with someone that I have such an amount or that I am going to invest it in, etc.? Because this sharing may involve the employee's privacy. It means that there are many hackers who monitor people to steal people's property and target them for hacking when they find a weak point. 
 
So bro you are new here The first thing you need to do is secure your funds. like keep in a safe place i.e., a hardware wallet. Do not store the funds in the exchange because at any time they can cheat you and steal the funds. And lastly don't share your financial status with anyone.

Is roqqu a trusted platform to trade? I have been using it for sometime now, I'm also seeking for your advice, reason is because nobody around me that is using roqqu to trade I really need your opinions.


Thanks you in advance

At first you need an exchange where you can find your account then withdraw it out from the exchange after purchase but if you are that type that doesn't like to reveal your identity then I will suggest trade on p2p over here from a local trader on your local board with this it's more easier for you to trade without going through kyc process from exchange. You need a wallet, an Electrum wallet can actually work very well for you depending on your trust to these wallets otherwise you can get a hardware wallet.

Op it's a good decisions you have taken upon yourself to in est in Bitcoin but before you make your investments, there are some basic things you need to know their importance before making investment so as not to loss your money along your investment journey. First I'll like you to know that, after buying your coin from an exchange, it's important that you move those coin to a non-custodial wallet for full access and control over your coin. Secondly you need to know the importance of seed phrase, every wallet has a unique 12 word or 24 words seed phrase which are used to import/export your coins to another device or wallet. Without your seed phrase and your wallet device got stolen or damage, your entire holding is gone. That is the more reason why you need to keep your seed phrase safe by writing it on a sheet of paper and try as much as possible to keep it away from the internet, storing it in a safe would be more preferable but if your want to hold a large amount of coins, then you'll need to buy a hardware wallet.

I was reading this topic and I suggest you to read this topic --> https://bitcointalksearch.org/topic/m.63840372 As it says DCA and smart DCA once you will read the difference between them, you can decide for yourself which scheme is better fo you to invest in BTC. It does not really matter how small an investor you are. Because your small capital might prove a lot for another member. Due to the tier 1 and tier 2 (tier's) nature of the countries. I hope you understand my point here.

You should do DCA, at the moment is the best thing to do, because doing a Lump sum (buying all at once) might not be so helpful and if you are new to the crypto sphere then you might get into some kind of FOMO or FUD or any other market-driven sentiments that can make you lose your funds by making the wrong move. Plus try to learn before investing in BTC, because learning is more important, and one more thing to invest in BTC don't join some group and hand over your funds to them for handling or other purpose, that must be idiotic (no offence).

I don't like places where KYC doesn't exist, especially if it's an exchange site that definitely requires KYC. But gambling sites are a different matter, there is a KYC that you must think about because your privacy may be exposed. So there is huge variation between exchange and gambler side, so KYC appears to exist due to timing situation.

What do you know about bitcoin? You should know the things you are going to invest at least.

For your money, always diverse it and don't stick it on single investment.
Do the 50/20/30 ratio, 50 your expense, 30 savings and 20 investments. If  you're going to invest bitcoin always do for long term. Also, invest on your wallet tools such hardware wallet to prevent of getting hacked, getting malware, etc. or electrum but you should know how to make it secure like in air-gapped device.
Don't forget that your private keys and seeds are included on this, so save them offline on a secured place.

First of all, know what Bitcoin is and how it works.

Then you can use any of these non KYC exchanges for safe and transparent transactions without exposing your privacy in the name of KYC

Download a non custodial wallet like Electrum or BlueWallet to be keeping your Bitcoin safe; make sure you secure your seed phrase in a safe place.

You have taken the right step forward in seeking your investment into Bitcoin and since you have taken this good decision to start your investment, it doesn't just end there,  only buying of Bitcoin, there are couple of other stuff you should never forget to do,  therefore you should study, know, and understand reason for the creation of Bitcoin and the reason you should invest, Things like the risk factors, that is knowing the pros and cons of investing in Bitcoin, so in the case you see Bitcoin dropping in price you won't panicked.

This is not the right advice for newbies like Jewan420, you can buy bitcoin on metamask but it is not native bitcoin but a wrapped version of the native which we call wrapped bitcoin. Until now, metamask is not compatible with bitcoin and only compatible with EVM standard tokens, which means we can't buy or store native Bitcoin in this wallet. What you say could be misleading to newbies who might want to know more about bitcoin.

That's easy - but maybe it depends on how you want it. If you know someone in your social circle who is also a bitcoin user - then it becomes possible for you to buy bitcoin from them without needing to register on any centralized exchange. P2P may be good for your option - but there are many ways to invest in bitcoin.

You may need to have a wallet - get the best one among several user suggestions before me, it will keep your bitcoins safe although the risks are still there. How big or small the budget you invest in bitcoin doesn't matter - but you have chosen the right investment asset instead of save fiat under your pillow.

Binance is probably the most recognize CEX that's fully functional in almost everywhere around the world but unfortunately there is a now a restriction with Nigerians users in the case of P2P trading, taught I should point this out although am not specific on your current country but with the write am thinking you are a fellow country man and if am right then binance is totally not a source to get or buy Bitcoin in our country but if am wrong of the location  binance is a good exchange to buy and for moving out of the coin.

Where do you live?
Because this will normally influence what kind of exchange you can use.
It will be better if your country has local exchange that are reputable.
Or, if you are still confused with what kind of exchange, you can check and learn about them here:
You can also learn about decentralized exchange (DEX) and also centralized exchange (CEX). You can search on several sources.
https://coinmarketcap.com/rankings/exchanges/
Here, Binance is number 1 exchange based on CMC.

Then,  you must also learn how to use the exchange. Commonly after you decided which exchange you will use, you can continue by searching information about how to make account in the exchange. It will  be your account to access in the exchange, to buy and trade the coins. You can use the exchange wallet to store your BTC, but this is not really recommended. It is better to use hardware wallet. But this will also need some costs. So, this will depend don how much you have and how long you will invest.

Learn many things about Bitcoin, wallet, exchange, and also crypto in general. You must have enough understanding before deciding to invest in BTC.

Since you are new to cryptocurrency, then I will advise you do some research before making any investment, you shouldn’t just jump into what you don’t know about, if you invest, and you don’t have any knowledge, I won’t be surprised if you end up losing your investment in the long run.

If you are investing, you have to know the appropriate wallet to use, make sure you don’t leave your coin on any exchange, money left in exchange doesn’t completely belongs to you. Do your research to know the coin which you will be investing in (I do recommend people to invest in bitcoin alone), you should know when to invest, and you shouldn’t be expecting quick money from bitcoin investment.

Make sure you back up your private key, after creating your wallet, the first thing is to back up your private key, make sure your private key is completely stored offline, never leave your private key online, and make sure you don’t write your private key in a place that can easily be destroyed. There are still other things which you should before you make investment.

I am assuming you are seeking to invest. If you are looking to buy Bitcoin or any other cryptocurrency with your fiat, then you may try any p2p platform. For newbies, it's advisable to invest through the DCA strategy. It means you can buy Bitcoin per dip. At the beginning, I preferred to invest in Bitcoin. You have to learn more about cryptocurrency. Spend more time on this forum to learn more. Remember, cryptocurrency investments doesn't mean its an quick rich methods. You have to struggle a lot to gain from cryptocurrency. So having proper knowledge about cryptocurrency behaviour is very important. 

Building on what most people have said above, when you want to invest in bitcoin whether small investor or big investors it's best put some things into consideration. Like, if you invest with your capital, it's not going to affect your day to day survival. It should be an amount you can afford to lose and it's more advisable not to go all in with all your money (capital) in order not to be stressed with your investment.

Another thing you should consider is wallet that will be used to store your investment, there are lost of wallets to use to store your assets depending on the asset you want to buy, if you invest in altcoins then open source wallets like unstoppable wallets and Metamask is good for you although they can also hold bitcoin but it's best store bitcoin in a good wallet like Electrum if you have enough capital you could make it a cold storage but since you're starting small, using Metamask is a better option than if you purchased with Metamask wallet you can move your coins (bitcoin) to Electrum wallet from Metamask.

There is a good feature in Metamask that you could enjoy which is purchasing with debit card, if you're in an eligible country then you have no problem less problems to encounter when purchasing. Additionally we have methods of investing in bitcoin which includes; DCA, Lump sum and Buying the dips you can use this methods to increase your stash of bitcoin at any given time.

I believe that no matter what country you come from, the metamask wallet would be allowed in that country, but what I am not sure of is if your country is among the countries that are allowed to use your debit card to purchase bitcoin on the metamask wallet. If perhaps Bitcoin is legal in your country, you can use your debit card to purchase Bitcoin on the Metamask app, which supports cards from a lot of countries around the world.