Topic: The best way for newbies to buy bitcoin or ethereum - page 2. (Read 1949 times)
I always point people new to crypto to Coinbase. Easy to use and figure out. Let's you get a taste of how everything works and watching the market with something of your own actually invested. Start with BTC or ETH on there and research/learn about things from there. Look into other exchanges and coins. Coinbase has high fees from what I've heard. Still worth it for a simple process and security for most new people though.
LocalBitcoins is also one of the easiest ways to buy bitcoin and other altcoins such as Ethereum, or you can also use Xapo but mind you; the fees are high for me but it is very reliable.
I think it's Etherium, bcz less money is needed to buy it. If you mess up or lose your wallet, you won't will be thinking about killing yourself. BTC is a big game with big prices.
If you buy it in coinbase, you have found the right place. Never buy bitcoin or ethereum to a new website or that has a bad reputation. You will lose your investment and certainly your time.
Maybe for all newbies, maybe you should learn more about bitcoin and ethereum, you can also read about bitcoin and ethereum , so that you have an idea about it, but if you want to buy some ethereum or bitcoin, maybe you should ask for help on someone that already knows how to do it.
Hi all,
Ive been investing small amounts in Bitcoin and ethereum for a year or so now but i wanted to ask what is the best or easiest way for a newbie to buy the currency now. I have a coinbase account so im able to purchase quickly if need be but so many buy sites make it very difficult for newbies to make such purchases in quick time. What is there out there thats on board and safe for anyone wanting to join the market quickly and start investing in such currencies?
Kind Regards
Griff
Ive been investing small amounts in Bitcoin and ethereum for a year or so now but i wanted to ask what is the best or easiest way for a newbie to buy the currency now. I have a coinbase account so im able to purchase quickly if need be but so many buy sites make it very difficult for newbies to make such purchases in quick time. What is there out there thats on board and safe for anyone wanting to join the market quickly and start investing in such currencies?
Kind Regards
Griff
responding to you on Dec 9, 2017, the best answer is DONT! Look at how much the price has advanced in so little time. caveat emptor
bu for when things simmer down, and to answer your question in good faith, it depends on where you live. Assuming you live in the States, Coinbase is your best option hands down from a risk standpoint. They are insured, are practically in the bed with banks so account integration is smooth, and they are fast as the average stock trading platform (3-5 business days, and the gold standard of business transactions). Kraken is pretty decent as well, with a lot of the above advantages, but a less user friendly interface. followed by localbitcoins. easy to use, but very easy to get scammed if you dont know what to look for
Basically, look for a major lic. exchange. upon failing that, localbitcoins or bust. everything after that is dodgy.
Coinbase is relatively easy to use for me. I started with that and will recommend newbies to try that out. User-friendly.
If u have in your country Local Bitcoins seller buy from them it ll be more easy for u and u can also withdraw from there very quickly and easier.
Bitcoin of course, buying bitcoin is more efficient and wise choice to do. Because of this they are rest assured that their money is in the good hands and can get a huge amount of interest for just short period of time.
If you know people around you that have bitcoin you can buy from them if you are a new person in cryptocurrency world. Make sure you have a trusted person that will give you proper guidance.
In my country there are a few legit websites that sell Bitcoin and usually I tell my friends to buy from them as transactions are usually fast.
Some of them are currently closed because some of the banks closed accounts that are used for BTC trading tho
Some of them are currently closed because some of the banks closed accounts that are used for BTC trading tho
Localbitcoin.com is a great and large site for buying and selling bitcoins. Its a secure and safe way to buy bitcoins. I myself use this site to buy bitcoins and for selling. The seller should be online if you want instant money he can send your cash into your local bank in just 10-15 mints.
Ethereum can be buy from exchanges only and there is no local exchange for it as compare to bitcoins. I usually prefer Poloniex to buy Eth.
Ethereum can be buy from exchanges only and there is no local exchange for it as compare to bitcoins. I usually prefer Poloniex to buy Eth.
in my opinion before getting to know ethereal and investing in, better understanding bitcoin for now, reading a lot in forums, very helpful in certain things to be done, and investing, should start from the basics or the beginning.
Everybody's opinion was very helpful.
Thank you very much.
Thank you very much.
i feel that localbitcoins dot com or some of this kind peer-to-peer exchange service should be one of the most convinient and fair ways to do that!
If you want to buy bitcoin as fast as possible, then you buy it from your local market or from local seller. just find out in around of you. It's easy way to buy with your cash. And now bitcoin is in huge price so it's best to buy ethereum now. I suggest you to buy ethereum now it's upon to you what will you buy.
its better to buy altcoins at the moment
because bitcoin is big fluctuation and the high risk. I suggest you to buy ethereum.
because bitcoin is big fluctuation and the high risk. I suggest you to buy ethereum.
when you are a newbie, to be sure go for BTC instead of altcoin, big fluctuation of the main coin can give you some gain while with alts you need to be a bit more expert before start to trade and earn.
While you are just a beginner, unfortunately Ethereum can not master you. Although maybe I'm wrong, it all depends on your knowledge and intelligence. At this stage, stay in bitkoin. But besides this, read a lot of information and study all.
The best way is using local bitcoins or coinbase. The former being my most preferred method because its simple and quick. Using exchanges generally take longer, yet with locabtc your trade will not last more than 10min . Once you have the Bitcoins then you can transfer them to a multicoin wallet (like exodus and coinomi) then split half to Ethereum
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