Dinostar77 wrote:Yes Goober that's correct. Ideally a hardware wallet is best with the private keys written down on a piece of paper and stored securely.
My advise to your friend would be for him to register himself with Coinbase. Coinbase will let you change fiat currency into bitcoin, etherium and lite coin. He can transfer funds into Coinbase via a bank transfer or a credit card.
If he then wants other currency such as Ripple or Cardano or Neo etc, he'd have to use a different exchange that deals with that currency and different software wallets (yes it's daft but it's an immature industry).
That's what I did and found it quite straightforward. I transferred my "software wallet" to a USB key for offline storage.
Revolut is well worth a look at as well for getting money into an online exchange.
the hype train is full on but there white paper made sense to meLesterUnlimited wrote:Hardware wallet like, I own the Trezor and Ledger. No one will be able to steal or hack your assets with these devices, all they will be able to do is make you very sorry you don't type your password into the device for them. AndCallMeCharlie, I'd probably look more into Cardano if I were you. I've only given it a cursory glance but I wrote it off immediately as a scam at worst or useless at best.
Liveinadive wrote:
Brooks wrote:Pff, it's done that in like an evening before and recovered, volatility that'd baffle other markets. I'll believe it when it's in lowly 4 figures again for a while.
GooberTheHat wrote:Bitcoin has lost 10% of its value this last week. The bubble could burst pretty soon.
Dinostar77 wrote:Yes Goober that's correct. Ideally a hardware wallet is best with the private keys written down on a piece of paper and stored securely.
My advise to your friend would be for him to register himself with Coinbase. Coinbase will let you change fiat currency into bitcoin, etherium and lite coin. He can transfer funds into Coinbase via a bank transfer or a credit card.
If he then wants other currency such as Ripple or Cardano or Neo etc, he'd have to use a different exchange that deals with that currency and different software wallets (yes it's daft but it's an immature industry).
That's what I did and found it quite straightforward. I transferred my "software wallet" to a USB key for offline storage.
Revolut is well worth a look at as well for getting money into an online exchange.
SpaceGazelle wrote:I own shares but I'd not go with this, and that's saying something. I stopped taking coke when aware of the body count. This is fucked up. Avoid.
GooberTheHat wrote:That's not what I meant. The fact that the company who hold your assets can suspend trading when the price is falling (when you're most likely wanting to sell) will put plenty of people off (from coinbase at least, not necessarily crypto)
It looks like you're new here. If you want to get involved, click one of these buttons!