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?
Coinbase.com and Blockchain.info is indeed well trusted wallet since it was created and started to serve the community and it is considered as an online wallet meaning you don't hold your own private keys so if there is any Hard Fork that will happen in the future you will not be entitled in getting free coins from that specific Hard Fork.
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.
You can try Electrum for a Desktop wallet that you will hold your own private keys and store it in your own computer if you really want a convenient local wallet of yours. Paxful is a platform of a buy and sell of different kind of giftcards, freebies, etc.. that accepts Bitcoin as a payment, some of them really put a big fees but they will be more trusted if they done than I think it is more convenient to use your credit card to buy straight Bitcoin instead of putting it on PayPal, you can buy Bitcoin with coinbase using your credit card though.