I've heard bad things about coinbase. I use localbitcoins.
I go from BTC to ETH to the crypto's I want to purchase?
I was informed to only trade in BTC and not local currencies due to losses etc. So BTC to
coin, not GBP to XRP etc. 
Topic: Long term investing - Newbie question - page 2. (Read 303 times)
Thank you.
I've heard bad things about coinbase. I use localbitcoins.
I go from BTC to ETH to the crypto's I want to purchase?
I was informed to only trade in BTC and not local currencies due to losses etc. So BTC to coin, not GBP to XRP etc.
I've heard bad things about coinbase. I use localbitcoins.
I go from BTC to ETH to the crypto's I want to purchase?
I was informed to only trade in BTC and not local currencies due to losses etc. So BTC to
coin, not GBP to XRP etc.
If your going to keep a crypto for years, you might want to look into a hardware wallet like a Trezor or Ledger (Blue / Nano S)
And think of it like a stock, you can remove it from the wallet and onto an exchange to trade it for either another crypto or fiat.
Not sure why your initial post was purchasing Ripple though as that it typically not a crypto one usually would start out with. (IMO)
And think of it like a stock, you can remove it from the wallet and onto an exchange to trade it for either another crypto or fiat.
Not sure why your initial post was purchasing Ripple though as that it typically not a crypto one usually would start out with. (IMO)
Yes, although it seems to be easier to buy in the UK thank to convert back to GBP.
For instance with Coinbase you can send GPB via your credit card, but you can only get Euros back to a bank account, so you are at the mercy of bank fees and exchange rates. However you could use a service like Local Bitcoins, to buy and/or sell.
In answer to your original question, you are better to store off an exchange.
For instance with Coinbase you can send GPB via your credit card, but you can only get Euros back to a bank account, so you are at the mercy of bank fees and exchange rates. However you could use a service like Local Bitcoins, to buy and/or sell.
In answer to your original question, you are better to store off an exchange.
Thanks. Just wanted to clear up that if I buy £1000 btc and store offline and leave for a few years, assuming the price goes up I can sell my btc at the going rate?
I have about 8 to invest in.
I have about 8 to invest in.
If you want to invest for a long time then never trust on any exchange, never save any amount on any exchange for a long period, Always move your coins in your wallet and backup your wallets as well.
Cuedoc, you in the UK?
Hi I'm brand new to this but relatively intelligent. I could use some newbie pointers as I'm sure many could. Any advice at all from some veterans in the market that have done well? Maybe even just a thread to go read for newbs.
Thanks guys, appreciate it.
Got a nano s wallet so ready to go, I'm in the UK so it's just a case of finding the best place to buy. Looking to buy tokens too like IOTA and a few others.
Got a nano s wallet so ready to go, I'm in the UK so it's just a case of finding the best place to buy. Looking to buy tokens too like IOTA and a few others.
Is there any wallet I can use my smartphone as hardware for?
If you are investing for the long term, we recommend saving your coins using offline wallet. I think it's very safe.
If you are in long term, I suggest you take it off exchange and put it in Ripple desktop wallet.
I would also suggest you to invest in DeepOnion. It's a privacy coin and has a lot of potential. Soon it will be in top 10. Take a look at it.
I would also suggest you to invest in DeepOnion. It's a privacy coin and has a lot of potential. Soon it will be in top 10. Take a look at it.
The coins I don't trade with are on my Ledger wallet. Only short terms stay on and exchange.
If you're in it for the long term, there's no point in storing the currency on an exchange. Apart from being unnecessary, it is also unsafe. If you can afford a hardware wallet, I would recommend that. If you're investing every single penny you own, then printing a paper wallet might be a good alternative.
Hi there, wishing to invest in the crypto markets however wanted to ask that if I'm long term investing in say Ripple, do I just buy it and stick it in my wallet or do I put it on the market and let it sit there? If it's on the market there's stop losses and take profits like FX trading?
Thanks
Thanks
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