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?
Considering that this thread has reach third page, I believe a lot of replies here already answered your questions but based on the saying that no knowledge is a waste, I will give my little contribution.
The safest way to purchase Bitcoin depends on where you live. What's your country jurisdiction as regard Bitcoin or cryptocurrency in general? The safest way to purchase it is through P2P without involving CEXs but in a case where you can not have a physical transaction, you should use CEXs as intermediary but in most cases, you need to undergo KYC to make use of them.
Keeping your Bitcoin in exchange wallets is as good as having nothing. These exchanges can deprive you access to your coins some time either due to system maintenance or investigation or other petty excuses. You only own a coin when you have the private keys to the wallet.