Post
Topic
Board Beginners & Help
Re: Help me in choosing wallet before I make mistake
by
Lida93
on 23/04/2023, 10:07:45 UTC
Scam is everywhere, I fear for my money. They say the person who ask for help does not make a mistake. I want to own my first Bitcoin next week when my monthly salary is paid but afraid of jumping on any wallet to avoid losing my money.

The popular choices I know and hear from people are Binance, Blockchain and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.

You can suggest better ones if there are any.
Binance is a centralized exchange and is strictly not a recommended place to keep your money, except for a pretty trade's, and as means of deposit but expect much KYC requirements. But if you're one of those not cool with KYC, then you go for AgoraDesk a good P2P exchange with no KYC requirements, well known for privacy and security.

For a choice of wallet to use for your bitcoin storage I think I'll recommend Electrum wallet, it's non-custodian, simple for newbies to easily get along with. Check this guide: Electrum wallet for beginners and advanced users (by BitCryptex) https://bitcointalk.org/index.php?topic=3456040.0