Post
Topic
Board Beginners & Help
Re: Introduction and a few questions
by
kahc
on 16/11/2017, 10:41:10 UTC
Hello, all, I'm wanting to ride the bitcoin train, and I have some questions.

So I'm looking to get set up to trade bitcoin. I do quite a bit of buying and selling on craigslist, and I thought maybe accepting bitcoin might entice some people to choose me over other offers.

The two wallets I'm looking at are Coinbase and Blockchain, as they seem to be the most commonly recommended. Coinbase seems to be more of a place to buy bitcoin rather than a wallet, is that accurate?

I'm not really interested in Ether or any of the others, so a wallet that doesn't have any of that fluff might be preferable. I just want to be able to easily pay and accept payment in bitcoin.

Second question, what's the deal with Paxful? Why would anyone pay those outrageous fees? I would prefer to use paypal rather than give up my credit card number, but I'm not paying 50% fees. Why would anyone in their right mind use those guys? Am I missing something here?

I just want to buy some bitcoin to have in my wallet so that I can pay for goods. Nothing crazy, maybe like $500.


Best wallet for desktop is Electrum, otherwise go for Breadwallet if you use IOS or Android devices.
Paxful is kind of a open offer trade market(just like craigslist), so stay away from that place until you get the hang of things.
As you mentioned, Coinbase and Blockchain are both safe and easy to use, great for starters.