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Topic: Looking to purchase my first bit coin, need advice - page 3. (Read 2786 times)

hero member
Activity: 994
Merit: 515
Get'em boys
I am looking to purchase my first bitcoin. I have the app BTC Wallet, what is the process for acquiring my first bitcoin. Do I give the seller my e-mail address for my wallet?

Be very careful when buying bitcoin, and at 1st always use a trusted website who can be an escrow between you and the seller.
I would recommend getting  your first bitcoins from the forum were you have the option of engaging an escrow for your trade. Check this thread»» https://bitcointalk.org/index.php?board=53.0 REMEMBER NOT TO FALL PREY TO SCAMMERS
sr. member
Activity: 490
Merit: 251
Make winning bets on sports with Sportsbet.io!
You should probably link us to the app you're going to be using on your mobile device, so we're able to see what your wallet is really like. I personally have never heard of it so I would recommend using a wallet from either Blockchain.info or BitGo (Little more on the experienced site for BitGo though)

You give the seller your ADDRESS from the bitcoin wallet when you go ahead and attempt to buy bitcoins, address' are used for pretty much everything on here when it comes to receiving bitcoin.

Spend two weeks reading as much as you can (in your free time) to educate yourself about Bitcoin, how it works, how to secure your private keys, etc., before you actually acquire any bitcoins.

If you do that well, you won't need to ask for any more advice.

The most important "rule" in my opinion: If you aren't the sole controller of your private keys, you don't have any bitcoins.

When you are confident that you can explain the above "rule", in detail, to someone else, then you might consider buying some bitcoins.

Going to have to fully agree with this though, if you don't really know how any of this works it's kind of waste and getting your coins stolen are probably going to be rather easy.
hero member
Activity: 1106
Merit: 521
I am looking to purchase my first bitcoin. I have the app BTC Wallet, what is the process for acquiring my first bitcoin. Do I give the seller my e-mail address for my wallet?

Be very careful when buying bitcoin, and at 1st always use a trusted website who can be an escrow between you and the seller.
hero member
Activity: 798
Merit: 505
You must take time to read all about bitcoins.Like how can you earn,what benefits and how can you spend it online or even physically.Yet you must be mindful on what youre doing and be mindful of the person you'll be buyinh with,if he is trusted or not.Its better to be safe.All you need in doing bitcoin business is just presence of mind and patience.
legendary
Activity: 1120
Merit: 1012
Spend two weeks reading as much as you can (in your free time) to educate yourself about Bitcoin, how it works, how to secure your private keys, etc., before you actually acquire any bitcoins.

If you do that well, you won't need to ask for any more advice.

The most important "rule" in my opinion: If you aren't the sole controller of your private keys, you don't have any bitcoins.

When you are confident that you can explain the above "rule", in detail, to someone else, then you might consider buying some bitcoins.
newbie
Activity: 52
Merit: 0
I am looking to purchase my first bitcoin. I have the app BTC Wallet, what is the process for acquiring my first bitcoin. Do I give the seller my e-mail address for my wallet?
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