I am a supporter of the idea that it is never too late to start. It is important to be sure that you are ready to work and that you can get results. That's part of the success, in my opinion.
And I agree with you, bitcoin still holds a lot of potential for massive growth, maybe not the same kind of potential we saw at its early stages when it grew from being worth a few cents to tens of thousands of dollars, but it can still grow massively, if my 150k new ATH prediction holds true then bitcoin can grow up to 400% during the next years, there are not many investment options out there which can give you those kind of profits and as such anyone which is on the fence needs to act now as the time they have to accumulate bitcoin for the next bull run is running out. 
Topic: Starting now. (Read 484 times)
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
Well it's true that even if you have your funds stored in a hardware wallet, you can still be targeted by phishing scams and malwares that steal information from systems. So it is always important to stay vigilant and avoid clicking unnecessary links or opening spam emails sent from unknown users. I know that the scammers are also becoming smart day by day, but we need to take precautions from our side.
I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
When it comes to our money there is not such a thing as too much caution, we need to always be on our guard as scammers are always devising new strategist they can use to try to deceive us and get to our coins, so once in a while we need to make an investigation about the new kind of scams which are now being used by them so in the case we find ourselves being subjected to them we are able to avoid it and we do not lose our coins in this way.I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
This is why we need to be super careful because we would need to end up with something much bigger and troublesome in the end. If we are not careful, we will have nothing left and all of our money would be gone. So many people who fell for these type of traps and I hope that they end up being better and doing better because it is something that is a must and not a small deal.
Here are some popular wallet options to consider:
Hardware wallets: These are physical devices that store your cryptocurrency offline and offer the highest level of security. Popular hardware wallet brands include Ledger and Trezor.
Software wallets: These are digital wallets that can be downloaded and installed on your computer or mobile device. Examples include Electrum, Exodus, and MyEtherWallet.
Mobile wallets: These are software wallets specifically designed for use on mobile devices. Examples include Mycelium, Edge, and Trust Wallet.
Web wallets: These are online wallets that can be accessed through a web browser. Examples include Coinbase, Binance, and Blockchain.info.
It's important to do your own research and choose a wallet that has a good reputation for security and user-friendliness
Hardware wallets: These are physical devices that store your cryptocurrency offline and offer the highest level of security. Popular hardware wallet brands include Ledger and Trezor.
Software wallets: These are digital wallets that can be downloaded and installed on your computer or mobile device. Examples include Electrum, Exodus, and MyEtherWallet.
Mobile wallets: These are software wallets specifically designed for use on mobile devices. Examples include Mycelium, Edge, and Trust Wallet.
Web wallets: These are online wallets that can be accessed through a web browser. Examples include Coinbase, Binance, and Blockchain.info.
It's important to do your own research and choose a wallet that has a good reputation for security and user-friendliness
Well it's true that even if you have your funds stored in a hardware wallet, you can still be targeted by phishing scams and malwares that steal information from systems. So it is always important to stay vigilant and avoid clicking unnecessary links or opening spam emails sent from unknown users. I know that the scammers are also becoming smart day by day, but we need to take precautions from our side.
I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
When it comes to our money there is not such a thing as too much caution, we need to always be on our guard as scammers are always devising new strategist they can use to try to deceive us and get to our coins, so once in a while we need to make an investigation about the new kind of scams which are now being used by them so in the case we find ourselves being subjected to them we are able to avoid it and we do not lose our coins in this way. I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
In this aspect I think I will like to recommend electrum wallet for anything you are doing that requires security purposes, but at this point you will study of bitcoin so that you will have more knowledge of bitcoin before starting any Trading or any cryptocurrency transactions, some of the responses of users might not give you accurate feedback or answer but your personal research will give you more insights to know of bitcoin. Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
However, despite of acquiring those hardware wallets, we still not be confident enough that we are totally safe. We have to consider the vulnerability to the hacking issue that usually happens to many holders as they are targetting wallet address that contains a huge amount of Bitcoin. As suggested by most, we never keep our funds in a single wallet but rather spread them to different addresses. And most of all, must keep them private and skip those links/emails that we never know where they come from.I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
I agree that no matter how good a wallet we use and everything is open to hackers, it is a good decision to keep private information private without sharing it with anyone. By doing this bitcoin will be safe and no one can take access to the wallet disclosure of information may also increase security risks, as there is a possibility of disclosure of transactional information in digital transactions. That's why you should proceed with caution of your wallet.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet. 
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
I hope with the helpful responses, you should start with little you can afford to lose, I'm not trying to undermine your effort or what you can do at the end of the day or trading journey, I'm just trying to caution you to be responsible because advice are personal and people will give you their opinions and not all works at the end of the day, learn the ones you think are better enough to your satisfaction and decide with small capital and if in the long run it favours you, then you can magnify your capital and I hope one day you will also advice new traders like the way you needed help today, good luck in your trading journey.
Just to add, Some ppl can't afford to buy a trezor since their investment in crypto itself is much smaller than the cost of trezor. You should recommend other security tips like using paper wallets, never save your seeds online, etc. And once their investment gets larger over time, they can switch to a hardware wallet.
P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take
P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take
I researched some hardware wallet that might be useful for more security for investing in crypto. But I might try to wallet apps first, since I still don't have much that money on me right now to invest in hardware wallet, as much as I would like to buy one right now.
If you plan to trade regularly, keep your working capital in exchange wallets (custodial). And when you’ve earned enough and are about to withdraw the accumulated coins, then withdraw them to a non-custodial wallet, such as Coinomi, Exodus, MetaMask, MyEtherWallet, Polyx Crypto Wallet, Trust Wallet.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
In this type of particular situation where a person is just getting started, people usually prefer a centralized trading platform that provides a variety of facilities to the newbies such as P2P trading, Direct crypto buying using local money, Basic trading view, and Pro trading view, easy swaps, and profile-based wallet address for all those listed projects on that particular platform.
On the other hand in decentralized wallets, you need to pay extra fees and also need to manage all of your requirements and funds on your own. I decentralized wallets Hot wallets are particularly used for trading purposes. You can use Trust wallet, Meta Mask and Electrum as well for trading purposes and temporary hold of your funds.
There are pros and cons in both;
- Centralized wallets/platforms provide facilities but in Decentralized wallets and platforms you need to do all on your own
- Centralized wallets are more likely easy to handle and use but in a Decentralized wallet you need to be careful because you are responsible for security
- Decentralized wallets and platforms provide self-custody of funds, centralized wallets (remember not your key, not your funds) do not provide self-custody
- Decentralized wallets/platforms give priority to your privacy but centralized platforms invade your privacy and control all of your activity at their own
- Much more you can learn by searching Decentralized vs Centralized and you'll know whatever you need but for a complete beginner as your intention is just trading I will prefer Centralized exchanges because from there you can learn and when you got experience and enough funds then you can switch to decentralization but prefer most reputed platforms in both categories.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
For non custodial wallet for Bitcoin: ElectrumFor long term holding: Ledge or Trezor
For Multi-coins/token: Trustwallet or Metamask
Just remember on not to store up huge amounts of coins/tokens on an exchange wallet.Its never been ideal on doing so
considering that it is really that prone to some possible issues or events which would cause on losing
up your money.
however if you are willing to put the effort a regular wallet can be made to be incredibly secure, if you take the right steps.
Sometimes it is not what you use, but how you use what you have it that matters. Even people who can afford to have a hardware wallet are not still safe should they decide to become careless thinking that buying a hardware wallet is the final security one can have for their cryptocurrency. A person who uses an electrum wallet can be safer than someone using a hardware wallet. For security, consider developing a consciousness for security first before consideration of a wallet to complement it.If you use it like you should be using it then it would work and it would be a good thing but if you use it unlike how you should then it would be a trouble for you. This is even more true if you do not have a hardware wallet and store it somewhere that is not entirely safe.
however if you are willing to put the effort a regular wallet can be made to be incredibly secure, if you take the right steps.
Sometimes it is not what you use, but how you use what you have it that matters. Even people who can afford to have a hardware wallet are not still safe should they decide to become careless thinking that buying a hardware wallet is the final security one can have for their cryptocurrency. A person who uses an electrum wallet can be safer than someone using a hardware wallet. For security, consider developing a consciousness for security first before consideration of a wallet to complement it. Jump to: