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Version 2
Last scraped
Scraped on 16/08/2025, 15:27:24 UTC
Hi everyone, I'm pretty new to cryptocurrency in general, and I'm trying to figure out the best way to buy and store it.
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?
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?
Welcome to the Bitcointalk community!
Good for you that you decided to ask questions and not blindly dive into crypto. This ensures you will more easily avoid expensive mistakes.
Do not store your coins on an exchange wallet, since that is not your wallet. That is the exchange's wallet, that they let you use but have complete control over. So if something goes wrong like a hack or the exchange decides to freeze your account for whatever reason, then you will not be able to do anything to get your money back except hope they give it back to you.
A lot of people will say hardware wallets are the best option. But the best software wallet for Bitcoin, in my personal opinion, is Electrum. When deciding on a wallet what you want is open source and non custodial. Meaning the community can read and vet the code for the wallet and no one other than you has control/access over it.
As far as buying Bitcoin goes, you can use a top exchange like Coinbase, Binance, Kraken, Bitstamp.... There are also other options for a more private, non-custodial and decentralized experience like Bisq but as you are a newbie, I recommend starting with an exchange to get a first feel.
Version 1
Scraped on 16/08/2025, 15:02:31 UTC
Hi everyone, I'm pretty new to cryptocurrency in general, and I'm trying to figure out the best way to buy and store it.
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?
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?
Do not store your
A lot of people will say hardware wallets are the best option. But the best software wallet for Bitcoin, in my personal opinion, is Electrum. When deciding on a wallet what you want is open source and non custodial. Meaning the community can read and vet the code for the wallet
As far as buying Bitcoin goes, you can use a top exchange like Coinbase, Binance, Kraken, Bitstamp.... There are also other options for a more private, non-custodial and decentralized experience like Bisq but as you are a newbie, I recommend starting with an exchange.
Original archived Re: Looking for advice from a very newbie
Scraped on 16/08/2025, 14:57:51 UTC
Hi everyone, I'm pretty new to cryptocurrency in general, and I'm trying to figure out the best way to buy and store it.
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?
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?
Do not store your wallet on an exchange wallet, since that is not your wallet. That is the exchange's wallet, that they let you use, but have complete control over. So if something goes wrong like a hack or the exchange decides to freeze your account for whatever reason, then you will not be able to do anything to get your money back except hope they give it back to you.
A lot of people will say hardware wallets are the best option. But the best software wallet for Bitcoin, in my personal opinion, is Electrum. When deciding on a wallet what you want is open source and non custodial. Meaning the community can read and vet the code for the wallet as well as no one other than you has control over it.