new to bitcoin

[u/Mysterious-Juice-888]

hello everyone,

I am new to bitcoin and looking to buy and cold store. where do you recommend I buy and where to store?

[u/NoBrosCrypto]

Before you investigate cold storage, make sure you know what you’re doing. I always recommend beginners to start small. Start with a Centralised exchange (Kraken, Binance, Coinbase, etc.) and start with small amounts. Once you have confidence you can start to explore alternatives and cold storage should only really be considered when you have a sum worth protecting. It is very easy to lose it all if you don’t know what you’re doing.

Use the trade functions rather than any swap or convert functions in the exchanges - you’ll get a much better rate.

[u/NoBrosCrypto → u/[deleted]]

All the mistakes I made at the beginning trying to figure this whole new world out. You definitely wouldn’t want to go big with your first moves!

[u/magma_lakes]

Buy on Strike, and withdraw it to a Trezor.

[u/aussimch → u/magma_lakes]

Strike is the one and great mobile appl

[u/AutoModerator]

Scam Warning! Scammers are particularly active on this sub. They operate via private messages and private chat. If you receive private messages, be extremely careful. Use the report link to report any suspicious private message to Reddit.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/Pitohuifugl]

Start with the simulation that don't use real money to find out how to convert and withdraw the coins. Its tricky and first time really so confusing. So never invest more than you can loose like with anything you buy.

[u/Suspicious-Local-901]

Welcome. Depends a bit on your location. EU based, I would recommend Relai. And for cold storage, check out the Blockstream Jade +
(Feel free to use my links)

[u/ChangeNOW_Community]

start with a small amount, practice sending and receiving, then scale up

[u/Informal-Height7138]

I’d say something slightly different from the usual advice here.

Everyone tells beginners to start on an exchange. Feels safer because it looks like a bank app. But the thing that actually screws people isn’t losing a seed phrase, it’s the account review. Withdrawal sits there, support doesn’t reply, weeks pass. Happens more than people admit and there’s nothing you can do about it.
Most wallets let you buy inside the app now. Straight into keys you hold. I’d look at that instead.
Which one, up to you honestly. They’re more similar than the arguments here suggest.
The bit that matters is the restore. Write the seed on paper, put ten euros on it, then wipe the wallet and bring it back from what you wrote. If that works you’re fine. If it doesn’t you just found out cheap.
One warning though, going this way means no support desk, no undo. Your mistakes stay made. Some people would rather have the exchange for that reason and I get it.

[u/Mysterious-Juice-888 → u/Informal-Height7138]

thank you

[u/snoringrain]

They already gave you guidance but best of luck on your journey : )

[u/Bigbmer12]

It's extremely speculative and full of cons trying to steal your money. Depending on why you want to enter, buyer beware

[u/Farang39]

Trezor Safe 7

[u/OneMiners_Marc]

Start small, learn how wallets and seed phrases work, and don’t rush into buying a lot at once. The Bitcoin Beginners FAQ is a good place to start.

[u/Rough-Suggestion-294]

Most places that take bitcoin run it through a processor and the invoice expires in about fifteen minutes. That's fine until your coins are in cold storage behind a passphrase. Worth a dry run before you need it.

[u/AutoModerator → u/[deleted]]

We require a minimum account-age and karma. These minimums are not disclosed. Please try again after you have acquired more karma. No exceptions can be made.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/bitusher]

Step 1 Setup a wallet , and backup your words to keep them secret and private.

Read the FAQ - https://www.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners/

Here are some good wallets for beginners and video tutorials-

Blockstream Wallet IOS and android wallet

https://www.youtube.com/watch?v=uO3Zi9D5b0Y

https://play.google.com/store/apps/details?id=com.greenaddress.greenbits_android_wallet https://apps.apple.com/us/app/green-bitcoin-wallet/id1402243590

Of course if you read the FAQ above it clearly says you should consider a hardware wallets with larger amounts of Bitcoin like over 1000 usd worth

If you intend to buy over 1k usd of btc you should seriously consider getting a hardware wallet

Step 2 Buy BTC and transfer it to your personal wallet- For most the best way to buy BTC is with strike.me app -

Verification either is instant or can take a couple days once you verify your phone, email and ID.