I’ve heard a lot about Bitcoin, but I’m a bit confused about how to get started. What’s the safest way to purchase Bitcoin?
Are there specific wallets I should be using? Should I keep my Bitcoin in an exchange wallet, or is it better to use something like a hardware wallet?
As a beginner in the field of Bitcoin investment, of course you are still confused about how to buy and store Bitcoin safely. The first step is to choose a trusted and reputable exchange. I recommend Binance. If you have other options, you can try them as long as they have a good reputation.
Then use a secure wallet that can control the private key. As a first step, you can try Electrum. Then, make regular wallet backups to avoid data loss. Lastly, do not store Bitcoin and any other assets in an exchange wallet as exchanges are at risk of being hacked, unless you are willing to risk an amount.