Thanks! Right now my goal is to buy bitcoins first, then trade later on when I have really learned everything I can about trading.
Nice dude! I don't know if you have been into crypto before or not, but you could potentially be choosing to get into bitcoin at a really good time! The sentiment is really poor right now and the bitcoin price has mostly been going sideways (trading around $6k-$6500, tight range) for a while. This is all after a HUGE selloff from 19k, so this could be the bottom, so great spot for you to invest!
I mean, I certainly do not want to lose my hard earned money just because I started trading without fully understanding how it works.
Definitely learn all you can before you start actively trading, don't go off and start trading your bitcoin on bitmex with huge leverage because you are sure to get rekt and liquidated. I would stay away from using any leverage at all even when you learn more about trading.
I have also heard and read about scammers and hackers so I am being cautious about these things.
I would say the most important thing about security is 2FA (2 factor authentication), also get an email address solely for crypto activities to use for all your crypto accounts. Here is an OK steem article talking about exchanges and cold storage.
https://steemit.com/cryptocurrency/@cryptohero.info/cryptocurrency-security-101-exchanges-aren-t-safeBut honestly don't go waaayy out of your way to get all your coins in cold storage, unless you have alot. These exchanges today are held at such a higher security standard than they were in 2013/2014, especially the top tier ones. So if you use coinbase and have 2FA and a strong password then I wouldn't worry too much about storing your BTC on there. Some people may disagree but thats just my opinion....I mean shit they are insured.
As for YouTube videos, do you have any recommended YouTube channels I can check out that is reliable?
Even though James quit posting a long time ago, these videos are really good to give you a foundation like understanding of bitcoin. I would watch a couple of these to get started.
https://www.youtube.com/channel/UCgo7FCCPuylVk4luP3JAgVw/videosMan there are sooo many youtubers now-a-days, honestly I only follow a couple of them because MOST of them will just shill you their favorite coin and tell you their "Top 5 Coins to buy".....not really give you good information.
Carter Thomas is good and also is Chris Dunn, I respect their morals, Chris Dunn only covers crypto from time to time but his information is really good.
https://www.youtube.com/channel/UC4nXWTjZqK4bv7feoRntSoghttps://www.youtube.com/user/chrisdunntvGood luck dude, wish you the best!