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Showing 3 of 3 results by Ruloveit
Hello everyone,
It's not been a long time since I discovered Bitcoin and it fascinated me. I have created wallets online and with some software. I need help with some things though.
First of all, welcome to the fascinating world of bitcoin!!
Should I use an online or a software wallet? I have searched around and people say that software wallets are much better.
Largely depends. If your only planning on holding a small amount of bitcoin in order to play around with it and perhaps make a couple of small purchases then some sort of web-wallet like blockchain.info will likely suit your needs just fine. If however, your looking to invest a decent amount of fiat into bitcoin and hold it safely, a hard wallet like Trezor highly recommended. Also, if you decide to run a full-node (best option overall but resource intensive), you have the dual benefit of a wallet that actually downloads and works on the entire chain and supporting the network at the same time
How can i add funds to the wallet you will suggest? I tried adding funds on Blockchain but it won't accept my credit card. I live in Greece if that makes any difference.
Given that you live in Greece I would strongly recommend going with an established service like https://www.coinbase.com/join/514ae1456770d04c83000025. They allow purchasing and selling of bitcoin via ACH deposit to bank accounts, and now even Paypal.
That's about it. Thank you for your answers!
My pleasure. Best of luck to you
It's not been a long time since I discovered Bitcoin and it fascinated me. I have created wallets online and with some software. I need help with some things though.
First of all, welcome to the fascinating world of bitcoin!!
Should I use an online or a software wallet? I have searched around and people say that software wallets are much better.
Largely depends. If your only planning on holding a small amount of bitcoin in order to play around with it and perhaps make a couple of small purchases then some sort of web-wallet like blockchain.info will likely suit your needs just fine. If however, your looking to invest a decent amount of fiat into bitcoin and hold it safely, a hard wallet like Trezor highly recommended. Also, if you decide to run a full-node (best option overall but resource intensive), you have the dual benefit of a wallet that actually downloads and works on the entire chain and supporting the network at the same time
How can i add funds to the wallet you will suggest? I tried adding funds on Blockchain but it won't accept my credit card. I live in Greece if that makes any difference.
Given that you live in Greece I would strongly recommend going with an established service like https://www.coinbase.com/join/514ae1456770d04c83000025. They allow purchasing and selling of bitcoin via ACH deposit to bank accounts, and now even Paypal.
That's about it. Thank you for your answers!
My pleasure. Best of luck to you
Glad to be part of it!
Yes, at the moment I am only trying to get to know how bitcoin works and probably some transactions just for fun. There is a chance I might invest a certain amount in the future but for now I have lots of things to learn.
I am currently having my ID verified! Let's see how it goes. What's ACH by the way?
Software wallet is better than the web wallet based on my experience.
You tried to buy Bitcoin in cex.io? I think you can buy Bitcoin their using your credit card.
You tried to buy Bitcoin in cex.io? I think you can buy Bitcoin their using your credit card.
No I tried some others but they needed my ID and I am not really fond of using my ID like that. I am trying it right now. I have Bitcoin Core and Electrum. Do you have any info on how to add my funds there?
first some terminology that i find "not-so-right".
you are using a web wallet not online wallet. and it is called blockchain.info not blockchain
to answer your question it is best if you use a "software" aka desktop wallet because web wallets have lots of risks.
read:
https://bitcoin.org/en/choose-your-wallet
https://bitcointalk.org/index.php?topic=1631151.0
and to be even safer you need to learn more about cold storage.
https://en.bitcoin.it/wiki/Cold_storage
http://docs.electrum.org/en/latest/coldstorage.html
and to buy bitcoin if blockchain.info doesn't accept your credit card you need to try and see which bitcoin exchange service accepts it (not sure which one works with Greece banks) check kraken, bitfinex, bitstamp, cex.io, btc-e.com
or check out localbitcoins.com
you are using a web wallet not online wallet. and it is called blockchain.info not blockchain
to answer your question it is best if you use a "software" aka desktop wallet because web wallets have lots of risks.
read:
https://bitcoin.org/en/choose-your-wallet
https://bitcointalk.org/index.php?topic=1631151.0
and to be even safer you need to learn more about cold storage.
https://en.bitcoin.it/wiki/Cold_storage
http://docs.electrum.org/en/latest/coldstorage.html
and to buy bitcoin if blockchain.info doesn't accept your credit card you need to try and see which bitcoin exchange service accepts it (not sure which one works with Greece banks) check kraken, bitfinex, bitstamp, cex.io, btc-e.com
or check out localbitcoins.com
I see. Thank you for correcting me. I am sure my terminology has much more issues and I hope to resolve them as soon as possible.
Will be reading all of them! Do I need to add my ID on every website? And selfies too?? ( on cex.io )
Software wallet is in most cases the best alternative. Using an online wallet, you do not control your coins in the same way. To buy bitcoins, you could try an exhange operating in EU like Kraken or Safello, or you could try to find someone to buy from using LocalBitcoins.
Cex.io is ok for me but it requires a selfie with my ID and photos of my ID. Is it safe?
Hello everyone,
It's not been a long time since I discovered Bitcoin and it fascinated me. I have created wallets online and with some software. I need help with some things though.
Should I use an online or a software wallet? I have searched around and people say that software wallets are much better.
How can i add funds to the wallet you will suggest? I tried adding funds on Blockchain but it won't accept my credit card. I live in Greece if that makes any difference.
That's about it. Thank you for your answers!
It's not been a long time since I discovered Bitcoin and it fascinated me. I have created wallets online and with some software. I need help with some things though.
Should I use an online or a software wallet? I have searched around and people say that software wallets are much better.
How can i add funds to the wallet you will suggest? I tried adding funds on Blockchain but it won't accept my credit card. I live in Greece if that makes any difference.
That's about it. Thank you for your answers!