Post
Topic
Board Beginners & Help
Re: Help me in choosing wallet before I make mistake
by
Stable090
on 12/05/2023, 19:35:29 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.
It’s a nice idea trying to invest in bitcoin, but I don’t know if you are having any knowledge about bitcoin, I will recommend you go and study about bitcoin first before buying bitcoin, don’t just jump into the investment you have little or no knowledge about, don’t blindly follow what people are saying. Also when in investing, you should Have it at the back of your mind that every investment is risky and you are likely to lose money, so have it in mind that you are likely to lose money after investing in bitcoin.

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.
First avoid storing your coin on Binance exchange, it’s not only binance, avoid storing your coin on any exchange, the only thing I will recommend you do with your exchange account is to purchase your bitcoin, immediately after purchasing, make sure you withdraw it to your non custodial wallet address, where their is no internet connection.