I am looking to purchase my first bitcoin. I have the app BTC Wallet, what is the process for acquiring my first bitcoin. Do I give the seller my e-mail address for my wallet?
If you are asking what to give the seller to buy bitcoins, you are not ready to make bitcoin transactions yet. Like what they said above, learn everything first. There are lots of good read inbthe beginners section. You can start there. We do not want another user ranting about stolen bitcoins.
Thanks for the advice fellas, I purchased 0.055 bitcoin so far. I paid via paypal friends and family, thankfully the seller is honest. Small transaction. What is the typical premium percentage?
Congratulations, but buying is just the first step. Securing those bitcoins are a whole other matter. If I may ask, how are you storing those bitcoins? < cold storage / online wallet / exchange / desktop wallet / hardware wallet >?
I never
store any of my coins in services, where I am not the only person who has access to my private keys. I temporarily hold some coins in services where I do not have sole access to the private keys, but that would only be for trading on regulated exchanges. ^smile^
Do some research and make sure you store some of your coins in secure storage, where you have sole access to your private keys.