Where can I buy bitcoin as a newbie?

Woodie

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Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

Many newbies wish to buy bitcoin but most at times we buy in a wrong place

I dont believe this has anything to do with being a newbie, its really about how one authenticates a service about being genuine or not..

Personally if am not sure of a service, I look at the trustpilot page if any, look at the social media pages and how active they are and if there is any engagement from their community.

Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.

But unfortunately it was a scam site, he can not access the site again, he can't find the guy the create the wallet.

But how did he trust a stranger to do all this for him?

And on the part of him having to tell you that he wants to buy crypto, i dont think that was necessary and for people new to the crypto world I think peer2peer platforms are better options

Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

I suggest newbies to visit bitcoin.com and buy any cryptocurrency.

Today we have so many ways of buying crypto and if not using a decentralized platform get ready for KYC before you buy your crypto.

ZAINmalik75

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Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

Many newbies wish to buy bitcoin but most at times we buy in a wrong place, like the case of a brother who I taught what cryptosystem is about, after 3weeks of spending time with him. He avoid secretly just make sure I don't have the knowledge of how much he has and how much he wants to invest.
He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.
But unfortunately it was a scam site, he can not access the site again, he can't find the guy the create the wallet.

I feel Sad for your brother loss, 700$ is big amount for a person like me, basically before any investment you should learned deeply about it in order to avoid loss, I think you can play an important role by guiding him properly about investment scam and all scammer before investment so he will be not be careless like that and his fund can be safed. But anyway he will get huge lesson from that ancident.

Quote

I suggest newbies to visit bitcoin.com and buy any cryptocurrency. You can buy with you gift card, debit card, bank account, apps wallet and so on to avoid loss. In block chain one hardly loss wallets except you loss private keys but if you go to wrong site you will loss everything.
www.bitcoin.com

I think it's not a good suggestion because buying Bitcoin with debit card will damage your privacy in country where Bitcoin is illegal, so the best option is to buy through Binance P2P or some one else decentralized exchange where safety and privacy are sured.

Rengga Jati

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Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.

But unfortunately it was a scam site, he can not access the site again, he can't find the guy the create the wallet.

Newbies are an easy target for scammers by attracting victims who want to invest in Bitcoin and provide high promises of high profits in the short term. Unfortunately, not all newbies can be careful, logical, or thorough. Even some of them are very interested in things like that so they don't want to research further about them. Basically, when you are new, you should find it easier to get a platform for buying and selling Bitcoin on top global exchange sites. As with Binance, Coinbase, Kucoin, Okex, and other top exchanges. So it will be safer for them.

Helena Yu

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Bitcoin[dot]com is a misleading site owned by Roger Ver where he claimed Bitcoin Cash is a real Bitcoin and a real Bitcoin is Bitcoin Core.

There are still many trusted exchanges you can use to buy Bitcoin without get scammed. For CEX you can use Binance, Kucoin, Kraken etc. For DEX you can use Bisq. For P2P you can use hodlhodl.

blue Snow

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Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

I suggest newbies to visit bitcoin.com and buy any cryptocurrency. You can buy with you gift card, debit card, bank account, apps wallet and so on to avoid loss. In block chain one hardly loss wallets except you loss private keys but if you go to wrong site you will loss everything.
www.bitcoin.com

As a junior member, I don't know why you direct newbies to buy Bitcoin there?. because as I remember, that's site is for Bitcoin cash, don't get be a trap by a person who brought the big name of Bitcoin. If I were you, I will direct my friend or my circle to buy Bitcoin on big listed exchange like Binance and sending it to my own wallet which I own the private key. So don't buy or invest in which you and friends don't know anything about.

Hamza2424

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Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.
But unfortunately it was a scam site, he can not access the site again, he can't find the guy the create the wallet.

I just don't understand why most of the newbie even trust on other people with there money, like you guys (newbies) have to be more careful and take extra pre-caution as you guys have less knowledge. so instead of putting your trust on someone, you should buckle up your seats and made up your mind with confidence and think about it openly. If you found no mentor for getting help then go for YouTube and search with some simple keywords "How to buy BTC" modify the keyword according to your need like on centralized or decentralized exchange. plus newbies also want to get knowledge of where they should keep there money save like which wallet is best for them, in which type (like in hot or cold).

700 dollars is not a small amount, you guys have to be more careful. If you ever think about accumulating BTC again then you can go through this topic of Things to keep in mind before accumulation of Bitcoin plus you may want to understand the difference between wallets and there difference then you can go through this topic [Crypto Wallets] Cold and Hot Wallets and their Approach , Note* i am not promoting my posts just want to share knowledge with you guys.

Cryptomiles1

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I understand how you felt for you brother who got involved with a scam site probably those who promised him to invest and get 40 percent to what he has invested in few weeks or months. If that your brother or you both were clever enough you could have raised this topic for people in the forum here to guide you both and prevent you guys from that huge lose. 700$ is a reasonable amount when converted to our local currency, I will suggest you should tell your brother to join this forum to get self education by developing his hearts to reading across the forum.

Pokapoka124

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Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

He avoid secretly just make sure I don't have the knowledge of how much he has and how much he wants to invest.

That says a lot about your brother, I’m guessing he told you this sorry after he discovered the website was a fake, it’s incredible that he could trust outsiders and not his brother with money. I suspect he invested the money in a hyip company, someone who’s been exposed to bitcoin for three weeks should be able to know how to buy bitcoins using p2p. Even if you haven’t got to that part yet, a quick search on google could have taught him how to buy bitcoins from exchanges.

Taskford

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I don't know if you are asking about where to buy bitcoin or you are promoting a site which newbie can buy bitcoin since your lost is really confusing.

For newbies who want to buy some bitcoin maybe they should check if there's legitimate platform on their country available so that it can save up their time and move to execute risky things just get some bitcoins. Also avoid doing p2p trade when you don't know what things to consider to avoid scam.

Ndabagi01

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Your brother is just unlucky. After 3 weeks of teaching him about bitcoin, I'm sure you've come to a teaching about how to acquire bitcoin, where to get them, and the type of wallet to use, as well as talking more about private and public keys. It's surprising your brother was easily duped; if he wasn't a slow learner, he would have learned what you've taught him and would be mindful of every step he takes, even if it's outside of your knowledge. This is a classic case of "once bitten, twice shy."

tabas

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Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

www.bitcoin.com

IIRC, this is owned by Ver and that guy has been against to bitcoin then after being said as the bitcoin jesus because he has made a fork of bitcoin which is now Bitcoin Cash. Instead of going with that website, there are other ways of doing it and you can see the variety of exchanges (dex and cex) from this section. It's terrible to see your brother that lost into a scam website after hiding his activities of buying bitcoin from you, I guess that he's planning to surprise you then but he was advised in a wrong way and did fell for a website that's not even popular and turned out to a scam. Tell your brother that there will be no more secrets and approach you every time he's interested to buy bitcoin. If you guys are okay with centralized exchanges;
https://coinmarketcap.com/rankings/exchanges/

And if with decentralized exchanges;
https://coinmarketcap.com/rankings/exchanges/dex/ but add hodlhodl.com into it.

drwhobox

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Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

Many newbies wish to buy bitcoin but most at times we buy in a wrong place, like the case of a brother who I taught what cryptosystem is about, after 3weeks of spending time with him. He avoid secretly just make sure I don't have the knowledge of how much he has and how much he wants to invest.

He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.

From your story I feel like you don't give him basic knowledge about bitcoin and cryptocurrency. Buying bitcoin from trusted sources should be priority while teaching anyone about cryptocurrency. Which clearly you have failed to do. So your brother ghosted you because he find something fishy in you and got scammed by a fake site.

Sandra_hakeem

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Goodnight, ohh Leo!!! 🦅

Was this really necessary to tell everyone?? ...
C'monnnn, your topic doesn't even collerate with your content....at first, I thought you asked a question, but when I came in, I realized you're only tryna tell us how much your brother hates to build a single trust on you,... Now how's anyone's problem?? You see the reasons why I had advised that you really need to be careful yeah?? I understand you're trying to show up and learn; you also wanna grow, but then you need to be yourself... This can't be an original piece from your mind... You only thought you could make peeps become pathetic about the story then, maybe you could earn a handful of merits from there ...SIT UP!!!

Sandra 🧑‍🦰

Oneandpure

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For beginner need to create local exchange market if want to buy or invest in bitcoin, I know with several respond recommended hold and save bitcoin in hardware wallet but impossible for beginner to buy Bitcoin without exchange market. Local market is possibility and most recommended because OP directly available deposit their cash money trough their local back to exchange market. Later depend on OP want holding in local exchange market or move it to hardware wallet have more security with holding assets at the future.

I am so sad to heard with your loss $700 because wrong site investing Bitcoin, many people created fake and scam website recommended us to deposit bitcoin there.

coupable

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Quote from: Asuspawer09 on April 19, 2023, 12:58:05 PM

The easiest way to buy bitcoin depends on your country, for me buying bitcoin on Binance exchange and then sending it to my wallet is the best and fastest way.

This is considered one of the safest ways. But you can imagine a beginner what offers he will find and how he will choose between them. The mistake that Op made is that he did not research enough before choosing where to invest, whether to choose the platform or to research the background of the person who suggested a specific platform. Perhaps for this reason, most of the victims of this type of scam are beginners.
The best option for beginners is to follow the advice of proven and reliable experts. The forum here represents the best space in which a beginner can ask general questions and get useful answers if he does not want to bother with searching. Even the first purchases can be made directly peer-to-peer with one of the members who provide sales services and have proven their reliability. This is much better than taking risks without expecting results.

Agbe

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You can buy bitcoin from someone you know if they have it in their possession. Then you can also use exchange platforms to buy bitcoin as a newbie. But the most reliable source of buying bitcoin is the p2p but it is very difficult to see someone who is selling bitcoin in the locality. Though countries differ and if that can't be gotten then you apply for the exchange platforms to get your Coins.

decodx

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That's why it's always important to be careful when buying Bitcoin. There are unfortunately a lot of scammers out there trying to take advantage of people's lack of knowledge. I've heard some horror stories about people losing their life savings to crypto scams. I suggest researching the platform thoroughly before making any transactions. It's also helpful to seek advice from experienced investors or join a community of like-minded individuals, like this forum, who can provide support and guidance.

OP, I noticed that you suggested using the bitcoin.com exchange, but I think there are better options available. It's a good idea to ask around in your local community to find the most reputable and suitable crypto exchange for your specific location and needs. Factors such as the availability of fiat deposits and other specifics may vary depending on your location.

mk4

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Recommending bitcoin dot com to buy bitcoin/crypto is like telling people to buy high-end luxury from an eBay seller with zero feedback. You're likely to get screwed one way or another simply because the source has always been shady in the first place.

Crypto Library

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Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

Many newbies wish to buy bitcoin but most at times we buy in a wrong place, like the case of a brother who I taught what cryptosystem is about, after 3weeks of spending time with him. He avoid secretly just make sure I don't have the knowledge of how much he has and how much he wants to invest.

He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.

But unfortunately it was a scam site, he can not access the site again, he can't find the guy the create the wallet.

I suggest newbies to visit bitcoin.com and buy any cryptocurrency. You can buy with you gift card, debit card, bank account, apps wallet and so on to avoid loss. In block chain one hardly loss wallets except you loss private keys but if you go to wrong site you will loss everything.
www.bitcoin.com

After seeing these incidents, it reminds me why we should avoid these centralized websites. Also, since you use a centralized exchanger, why don't you choose a good one! For me 700 dollar is not small amount I feel sad for that. And if you have problems with buying directly in the decentralized system, then you can choose Binance as a centralized exchanger as a beginner, here you can directly buy some other types of Cryptocurrencies including Bitcoin through P2P through any type of mobile banking or bank.
But you should be also remembered that for holding bitcoin centralised exchangers are not right place so I would like tp suggestion for you to transfer those bitcoins funds on a good noncustodial wallet and it can be more better if you hold those fund on hardware wallet for risk.

Asuspawer09

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Quote from: Godlovesyou on April 19, 2023, 01:30:25 AM

Many newbies wish to buy bitcoin but most at times we buy in a wrong place, like the case of a brother who I taught what cryptosystem is about, after 3weeks of spending time with him. He avoid secretly just make sure I don't have the knowledge of how much he has and how much he wants to invest.

He went and meet some crypto vendors to buy bitcoin of $700 without my knowledge, which they actually create a wallet for him and buy bitcoin, lately to him, it was increasing in price because of recent bulls.

But unfortunately it was a scam site, he can not access the site again, he can't find the guy the create the wallet.

I suggest newbies to visit bitcoin.com and buy any cryptocurrency. You can buy with you gift card, debit card, bank account, apps wallet and so on to avoid loss. In block chain one hardly loss wallets except you loss private keys but if you go to wrong site you will loss everything.
www.bitcoin.com

I am sorry for your brother's loss it's a big amount of money, Did you ask the reason why he buy Bitcoin secretly without your help? Your story is a little confusing, but if you say so. There are a lot of scammers that do this kind of scam, I also have a friend that got a scam that is really similar to this, he invested in a guy and got an agreement that he would buy Bitcoin for him and put it on a wallet then they could split the profit in the future, but the guy disappears and scam my friend's money. He has a bad experience with cryptocurrency so I told him what he does is wrong since he trusted his money with other people, I told him that if he doesn't want to learn bitcoin and invest on her own just dont buy Bitcoin at all.

The easiest way to buy bitcoin depends on your country, for me buying bitcoin on Binance exchange and then sending it to my wallet is the best and fastest way.

Topic: Where can I buy bitcoin as a newbie? (Read 281 times)