This article is perfect for people who are interested in getting their first Bitcoins and learn more about cryptocurrencies, Bitcoin wallet, security, and etc! Read more!
So, you are interested in getting into the crypto world, buy your first Bitcoin, store your Bitcoins safely, and set up a Bitcoin wallet? You have come to the right place.
If you are familiar with some of the basics related to Bitcoin, you probably know that Bitcoin itself is relatively safe to use, it is up to you to decide how much you want to invest in Bitcoin. That is the trickiest part. There are a lot of websites out there claiming to offer secure and reliable services, but, they are just scammers and you should stay away from these websites. You also need to take special care of security. If you are a beginner, all of these things will confuse you at first, but we promise you that you will get everything in order soon.
The first thing you need to do is find the right Bitcoin exchange. As we said, not every exchange or wallet can be trusted. There are so many Bitcoin exchanges out there which look like you can purchase and also sell, however, in reality, they are scammers who will only take your money and provide you with no Bitcoins. So, please make sure the site you want to buy from is reliable, professional, and most importantly secure. Another important thing to look out for is if the Bitcoin exchange has a history of getting hacked. There are some Bitcoin exchanges that can easily get hacked as of their bad security, while others hack themselves and go away with their clients’ investments, however, this is just a theory which circles around online forums. Our advice for all beginners is to pay close attention to the Bitcoin exchange they are dealing with as it is of great importance for their overall Bitcoin investment.
When it comes to Bitcoin wallets, you should never store your Bitcoins on any site at all or trust someone else (third party) with your Bitcoins. From the start, you need to determine what type of wallets fit your needs the best. There are two types of wallets – a software and a hardware wallet. The hardware wallets are without a doubt the most secure wallets, and if you can afford one, we highly recommend you to get a hardware wallet. If you are looking for a simpler solution, you can check at the “trezor” hardware wallet which is a quite popular wallet made by SatoshiLabs and it is available online. The software wallets, on the other side, can easily lead to your Bitcoin wallet getting stolen or hacked, if your computer is infected. You need to be extremely careful as this can happen so fast. When using your computer, you need to browse safely and trust no unknown files, websites or links.
If you want to sleep well at night, knowing your Bitcoins are safe, you need to choose the right wallet. If you want to avoid future infections and keep your computer safe, we recommend you to select from the best and most trusted Bitcoin wallets online. If you go and get a wallet by its name or choose a random Bitcoin wallet, the chances are high you will end up with a wallet that attacks and steals your funds.
We hope this article will help you find the right Bitcoin exchange and a suitable Bitcoin wallet. Be careful and make the right decision!
Merchants and also casual individuals are strongly advised to use Bitcoins more than cash from their credit cards. On the other hand, you may decide to sit on the sidelines and observe the trend assumed by bitcoin trading until you are satisfied before joining.