Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: I've invested around 450 dollars into bitcoin so far and I am 16 years old
by
SquirrelJulietGarden
on 19/02/2023, 04:30:58 UTC
⭐ Merited by vapourminer (1)
2/3 of my bitcoin is in Stockpile and the other third is with my dad (I'm not sure how he's storing it). At this moment I own a total of 0.01798185 bitcoin Smiley
I have never heard about Stockpile but if it is a centralized service, don't use it to store your bitcoin.

Reminder: do not keep your money in online accounts

Cryptocurrency security checklist
Bitcoin information and resources
Advice to secure your wallets
[General] Bitcoin Wallets - Which, what, why?

You can use Electrum (desktop or mobile) because it is very light in storage space. If you want better privacy, use Bitcoin Core.

$450 is too big for a high school student. If you are wanting to invest long term, DCA is good for you to go.
https://dcabtc.com/