Quote from: agustina2 on December 04, 2015, 11:37:14 AM

Quote from: joe101 on December 03, 2015, 09:02:04 PM

Finally! I have found an easy way to buy bitcoin.

Someone introduced me to coinbase. I signed up to it and i entered my banking details.

I uploaded 400 dollars to my usd account, and now i am finally going to purchase my first bitcoin.

I am very happy about this. It's about time i can easily buy bitcoin from my bank,

So my question is: Once i buy my first bitcoin, what exactly do i do with it?

Do i leave it in my coinbase account? Is it safe there?

Or do i transfer it to my desktop computer?

I'm not familiar with this yet. I plan to always keep a balance of 1 bitcoin in my account for 5 years to 10 years,

the rest of the bitcoin i buy i will spend online.

What is everyone's advice?

You can stored it in Coinbase. Well no harm if you trust that exchange. If you will circulate it much better if it's on that wallet rather than in a offline wallet to prevent hassle. They will not run your 400usd amount of bitcoin as it's only 1% of their entire income lol.

Good thing your country is supported by Coinbase. I like to do buy/sell in coinbase as it have better rates than my usual exchange site but unfortunately our country is not in the list of supported countries.

Where do you live? Does you perhaps have a bitcoin atm near you? Maybe some other exchange?

However congratulations op for joining the club. I wish you a long hold with many profits.
Just to be safe you I would store that bitcoin in a cold wallet.