If you have bitcoin you can stored it tl conibase wallet and this very safe wallet and I did not experience any trouble of this wallet. And my bitcoin is safe because they have 2fa when you open your account they sent you a mail to access yoir account. If anyone trying to open your account sent you gmail witb Ip address who wants to open your account. You can use also blockhain wallet it is also safe.
Any online wallet like coinbase is not a safe wallet for your information because it is prone for cyber attacks and it is better and safer to have a paper wallet rather than relying on that online wallet that will lead for possible regret in the future because most of the hackers targeted those online wallet which they can hack and get some money while paper wallet on the other hand is safer because it is an offline wallet and you are holding it physically. 
Topic: How do I invest (safely) in Bitcoin for the long term? - page 6. (Read 4210 times)
If you have bitcoin you can stored it tl conibase wallet and this very safe wallet and I did not experience any trouble of this wallet. And my bitcoin is safe because they have 2fa when you open your account they sent you a mail to access yoir account. If anyone trying to open your account sent you gmail witb Ip address who wants to open your account. You can use also blockhain wallet it is also safe.
If you are not tech savy and are not good at security, or you are lazy, use coinbase vault. If you are tech savy, get a trezor, paper wallet, or offline laptop for signing transactions.
When it comes to trading, this is how I do it and it has been working miracles.
I divide my holdings into three 1. some portion of btc for hodl, 2. Some portion of FIAT for buying back dips in fiat and 3. ALTS & Local currency
I sell some of my btc & ALTS profits during pumps in exchange for local currency.
Better approach, better profit, better life. It is so important to divide your saving/holding in parts. Fix one part for a different stream that must give some good results and so the other parts. Fiat, ALT coins and buying local currency is better way to get over many things at a time. Ultimately they yield even little profit but that sum to be so enough. I divide my holdings into three 1. some portion of btc for hodl, 2. Some portion of FIAT for buying back dips in fiat and 3. ALTS & Local currency
I sell some of my btc & ALTS profits during pumps in exchange for local currency.
I suggest to buy, save or invest using coinbase or it depends on which country you are.If your country has not been supported by coinbase better use Jika negaramu belum didukung oleh coinbase lebih baik gunakanlah ploIf your country has not been supported by coinbase better use local platform to meet your needs in bitcoin investing.You should always observe the bitcoin price movement, if the price falls when you buy, if the price goes up kYou should always observe the bitcoin price movement, if the price falls when you buy, if the price goes up when you sell it.
When it comes to trading, this is how I do it and it has been working miracles.
I divide my holdings into three 1. some portion of btc for hodl, 2. Some portion of FIAT for buying back dips in fiat and 3. ALTS & Local currency
I sell some of my btc & ALTS profits during pumps in exchange for local currency.
I divide my holdings into three 1. some portion of btc for hodl, 2. Some portion of FIAT for buying back dips in fiat and 3. ALTS & Local currency
I sell some of my btc & ALTS profits during pumps in exchange for local currency.
Hello,
THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
If you really want to invest your money to the bitcoin make sure first that you have a knowledge to the bitcoin. I can say long term investment is really important to make more profit and knowledge is the key to become successful. THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
Hello,
THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
One of the best practice can be buying through Coinbase or other exchanges allowing USD purchase and then sending bitcoins to paper wallet. Easiest way to make paper wallet is - bitaddress.org
Once you create paper wallet, simply send bitcoins from Coinbase to wallet address. Make hard copy of that paper wallet and your bitcoins are safer than ever. Now whenever you wish to sell, simply import private keys to wallets such as Electrum and send to exchange.
This process is economical too as it only take 2 blockchain fees as expense.
I would suggest you to use any android device which you dont use regularly. I dont see any difference between that and a Trezor wallet. Send all your Bitcoins in an android wallet in that device like mycelium and take a backup of everything, seeds and private keys. Dont connect it to Internet and keep the device safe.
instead of it you can simply export your private key in in pendrive rather than having an android device.but still there is difference while you use hardware wallet like trezor or ledger or simple hardware component of computer or device.if your hardware component is stolen then in case of pendrive there is no internal security or in case of phone ,rooting is a option but while these hardware wallet ,internal security is there which give extra security to your keys.
I would suggest you to use any android device which you dont use regularly. I dont see any difference between that and a Trezor wallet. Send all your Bitcoins in an android wallet in that device like mycelium and take a backup of everything, seeds and private keys. Dont connect it to Internet and keep the device safe.
Can you please explain some of the terms you have used.
What is a hardware wallet?
What is a paper wallet?
What is a decentralised exchange vs a custodial exchange? What are the names of the bigger decentralised exchanges.
What are the names of the exchanges with the highest volumes?
Your questions are expected and also valid. I guess every member here once had issues bothering on the areas you just asked your questions. But dude you have to take out time to read the thread on The Beginners section. Most of these questions are tackled there. That was what I did in my confusion.
For a long term, you can buy on the exchange that have low price, store into safe wallet and sell on the exchange that have high price (in this case you use 2 exchange to do a trade, but long term), you can use this site: https://bitcoinaverage.com/en/currency-markets/btc-to-usd to do a comparison.
For a short term, you should consider the volume too and keep in touch with the news, if you can read the chart it's better.
About storage, just use a stable hardware wallet such as Trezor or Electrum and make sure you use a strong password and other security measures like 2FA.
Also, how can I be sure that Trezor or Electrum won't "do a MtGox" and have my Bitcoins disappear?
Trezor is hardware wallet, electrum is lightweight wallet and mt.gox is the exchange. Those all is different thing, with trezor and electrum you hold private key of your wallet, so nobody can steal your btc, unless your device/PC infected by the virus/malware/malicious thing which can hack/steal your coin, so you need to careful while browsing/do internet activity.
For a short term, you should consider the volume too and keep in touch with the news, if you can read the chart it's better.
About storage, just use a stable hardware wallet such as Trezor or Electrum and make sure you use a strong password and other security measures like 2FA.
Also, how can I be sure that Trezor or Electrum won't "do a MtGox" and have my Bitcoins disappear?
Trezor is hardware wallet, electrum is lightweight wallet and mt.gox is the exchange. Those all is different thing, with trezor and electrum you hold private key of your wallet, so nobody can steal your btc, unless your device/PC infected by the virus/malware/malicious thing which can hack/steal your coin, so you need to careful while browsing/do internet activity.
You can try coinbase, I think coinbase is your answer.
There you can store bitcoin and usd, i also used to save bitcoin and usd and coinbase quite easy to understand.
That's the first suggestion I would give you as well, the coinbase. It is very good site to work with, deposits and withdrawals are very easy. Your bitcoin order is processed immediately and also the price machine is very good in buy and sell.
Speaking about your special computer solely for bitcoin, I wouldn't recommend it as there is no reason for that. To be honest you are storing your bitcoin on a wallet which operates online and the servers are dedicated for it. You just need to keep safe your private keys, keystone file, or UTC file so that you can access your wallets easily. For this you can have small flash drive just in case.
For private key based wallet I will suggest you electrum wallet. Simple and secure.
Any devise that it is online are never safe. I suggest that it is better to have one of these hardware wallets to store your bitcoins long term. Or better yet, use paper wallet. As for the exchanges, when you want security you may want to use decentralise exchange (bitsquare). If you're okay with custodial exchanges then go ahead and use it, when trading you may want to consider volume as a factor. Go for the exchanges that has the highest volume.
Can you please explain some of the terms you have used.
What is a hardware wallet?
What is a paper wallet?
What is a decentralised exchange vs a custodial exchange? What are the names of the bigger decentralised exchanges.
What are the names of the exchanges with the highest volumes?
It's pretty simple when you're buying BTC, just look for the least price in and around that time. Also, look for an exchange where the price is least, make sure the site is reputed with high volume trades.
About storage, just use a stable hardware wallet such as Trezor or Electrum and make sure you use a strong password and other security measures like 2FA.
Can you advise me as to the the three biggest (best reputation) exchanges?
Also, how can I be sure that Trezor or Electrum won't "do a MtGox" and have my Bitcoins disappear?
To invest safely in bitcoin for long term, you need to invest in bitcoin regularly because it will help you to get the possible average price of bitcoin which is what you need so you can balance the high price and also the low price but if you want to buy at once then just stick to your plan for long term because you will still earn money by doing it.
You need to have a close watch on the price movements and as soon as you feel that this is the good and low price then buy it on the spot and keep them safe in your wallet and I would recommend you to store your coins in electrum wallet as its very safe and secure and your coins will always be safe in it and no one would be in position to hack your wallet and steal your coins.
You need to store your BTC on your own cold storage, the best solution to be safe. If you don't do short-term trading with btc off course.
Hello,
THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
It's pretty simple when you're buying BTC, just look for the least price in and around that time. Also, look for an exchange where the price is least, make sure the site is reputed with high volume trades.
About storage, just use a stable hardware wallet such as Trezor or Electrum and make sure you use a strong password and other security measures like 2FA.
Any devise that it is online are never safe. I suggest that it is better to have one of these hardware wallets to store your bitcoins long term. Or better yet, use paper wallet. As for the exchanges, when you want security you may want to use decentralise exchange (bitsquare). If you're okay with custodial exchanges then go ahead and use it, when trading you may want to consider volume as a factor. Go for the exchanges that has the highest volume.
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