Quote from: Moesee on November 20, 2017, 06:35:19 AM

I use Coinbase to trade but keep my keys offline,
For me it works well but there are many ways
And what's suits you.

Thanks, that is similar to my strategy.

Quote from: LoyceV on November 20, 2017, 09:12:09 AM

Quote

although to start with I will be trying to buy in the dips and hold.

From your current investments you should know it's virtually impossible to time the market, right?
You can always try, but after I sold at 498.00 I was waiting to buy back at 357.80. I'm still waiting for that Tongue

What I learned from this, is that profit from trading isn't for me.

On my other investments I make use of pound cost averaging, by regularly investing, whatever the price, but what I by doesn't tend to be too volatile. I'm not expecting to make a fortune trading, but will see what happens.

Quote from: thedec4 on November 20, 2017, 09:17:47 AM

I use coinbase at the moment but looking elsewhere due to the fees but good luck on your journey!

I need to get a better understanding of fees? When I bought the other day, it seemed like the fees were offset by a better exchange rate. But I guess I'll get hit with more fees when I move coins away from coinbase.

Quote from: yanxiaoyu5008 on November 20, 2017, 10:38:48 AM

I think Japan's influence in bitcoin is also worthy of attention Cheesy

I work for a Japanese company...

Quote from: Setanta68 on November 20, 2017, 02:30:39 PM

I too am new to the crypto scene and have looked through these forums and am careful. I have also used coinbase to purchase crypto but moved it straight away. Some good sound advice here.

Where did you move it to? And yes, I'm finding these forums very helpful.

Quote from: mrcash02 on November 20, 2017, 02:43:16 PM

I use BlockChain.info wallet since end of 2015 and never had any issues. Now I'm not very active there as I changed my strategy, but the wallet is still there and safe. There are several security mechanisms you can set to make it stronger, but as we are talking about an online wallet the risk always exist and people always fear trusting their money to others.

If you don't have much money I think there isn't problem to use that wallet (or Coinbase if you prefer), but once you start having more Bitcoins you will need to split this amount among several sites or you will need to put the BTCs on a safe desktop wallet. But between the two online wallets I prefer BlockChain.info (more decentralized service).

Thanks. I think I'll give BlockChain.info a try, with coins from local coins or bittylicious next time I purchase. With the plan being to move to an offline wallet when I get a decent amount.

Quote from: Sergio R on November 20, 2017, 03:49:09 PM

dont use 2fa because you cant recover it when you lost your data.

I think it is a risk I am willing to take to make my account more secure.

Quote from: Dudeperfect on November 20, 2017, 03:58:50 PM

I am using Blockchain.info since last 4 years and never faced any issues so far, I am of the opinion that web wallets are easier to use and flexible to send funds. However, I am also aware that keeping our Bitcoins online is a risky decision because you never know that when hackers will target your wallet service provider's database and in that case 2FA won't prevent them. Hence, I concluded that maintaining maximum 10% funds online and rest funds in offline wallets (Paper or Trezor) is a balanced approach as far as factors like security and user-friendliness are concerned.

Thanks, I am glad more experienced users share my plan, hopefully it means I am on the right track.