Post
Topic
Board Nigeria (Naija)
Re: If you are getting started with bitcoin read this.
by
Joy- maker
on 22/03/2025, 19:22:44 UTC
After you are done with this three tips, register on a reputable exchange like bybit or any other one you know is ok by you,  set up a bitcoin wallet and then begin with a small bitcoin investment to get familiar with the process and continously educate yourself on bitcoin and the crypto market.

You don't setup washers on exchanges
, exchanges are used to purchase coins, although there's providing to hold your coins there if you wish, but it isn't a wallet. Most exchanges have their wallets as a separate application just like Bitget wallet, Binance wallet OKX wallet, e.t.c.

You can consolidate your coins in an exchange until it's substantial to move to a wallet because of the fees.
It's better to use open-source decentralized wallets like Electrum, Blue wallet, sparrow wallet to store your coins for total ownership and safety of your coins.
please don't me wrong, what I meant by set up a bitcoin wallet is by setting up your own bitcoin custodial wallet to store your bitcoin after purchasing it from an exchange and not setting up a bitcoin wallet on the exchange. Though I have edited it for clear understanding.