Post
Topic
Board Nigeria (Naija)
Re: Consider all this before starting your Bitcoin journey.
by
Antotena
on 20/06/2024, 20:15:28 UTC
need to consider how much way you fit invest and also how deep the lose fit dey.

4. Look for a teacher or mentor.

As person way they start newly you need to get person way go they guide you on how to carry on your investment. You need to consult person with more higher experience about cryptocurrency.

This is not needed if you want to learn about Bitcoin because you might be learning from someone and the person might not really know much about Bitcoin, have you consider what if the person lie to you asked about some questions he doesn't know, like technical questions and he just made assumptions. That way you wouldn't much but if you have mentors, having two different informations will raise your doubts and the internet will be the juste of their answers.

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5. Secure your Bitcoin.

Make sure say you protect your Bitcoin very well, you need to use wallet way you know say they very good like trust wallet, Binance e.t.c and make sure say you keep your password only to yourself.

Don't store your Bitcoin on a place like Trust wallet because it's an open source software and it's not recommended as it's an online wallets and likewise centralized exchanges like Binance are not good because you don't have access to the private key of the wallets they gave you are not your keys, it's not your key that's why you should get cold storage to be used to spend the Bitcoin in your wallet and to receive Bitcoin from you.