Hello friends. I am a new member of this forum.
I was trying to get an idea about Bitcoin. While learning about Bitcoin, I understood the exact meaning of digital assets. I used to think that real life assets like gold, land, house and other things are real assets. But I didn't know that there is such a thing as digital assets and it is so interesting and exciting. After coming to the forum, I learned about cryptocurrencies. I learned about Bitcoin. I learned about digital assets and got a rough idea about how to invest. I learned about the investment method of Bitcoin. I am very happy to learn about so many new things.
But I don't know about wallets. I don't know how to use wallets properly. Which wallet should I use to invest in Bitcoin? And what should I do?
I want to know about wallets.
I was trying to get an idea about Bitcoin. While learning about Bitcoin, I understood the exact meaning of digital assets. I used to think that real life assets like gold, land, house and other things are real assets. But I didn't know that there is such a thing as digital assets and it is so interesting and exciting. After coming to the forum, I learned about cryptocurrencies. I learned about Bitcoin. I learned about digital assets and got a rough idea about how to invest. I learned about the investment method of Bitcoin. I am very happy to learn about so many new things.
But I don't know about wallets. I don't know how to use wallets properly. Which wallet should I use to invest in Bitcoin? And what should I do?
I want to know about wallets.Just like Nwada001 have said that you do not invest with a wallet, wallet are use to keep Bitcoin, what you should ask is "which wallet is good to store Bitcoin". As some body that is still learning to invest into Bitcoin you don't even need to learn about wallet, because wallet are technically things which you don't learn under hurry. You take your time to learn them. But first you should use wallet to store your Bitcoin. If you are looking for a good wallet to store Bitcoin I think you should download the Electrum wallet, after creating a new Electrum wallet write down your seed phrase and keep them in a safe place. Don't safe it on your phone and don't keep it anywhere somebody will see it.
Yea, wallet is mainly used for storing of Bitcoin because you will have full control over your assets unlike exchange where you will have to do KYC and some verification and saving your asset in exchange is just like saving money in the bank. When you store your assets in an exchange you won't have a full control of it and I have seen where exchange restrict someone from withdrawing or transferring his assets that is why it is advisable to store our Bitcoin in a wallet because we can not be restricted by anyone unless our wallet get hacked and the most important thing is after creating your wallet ensure to keep your seed phrase very safe for security reasons.