View single post by srossi
 Posted: Sat Oct 21st, 2017 05:26 pm
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srossi

 

Joined: Sun Oct 14th, 2007
Location: New York USA
Posts: 56335
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Mana: 
Quattro wrote: So you can buy directly with the exchange?
Cool

You buy on an exchange the same way you’d buy stocks on Etrade. Some platforms are easier to use than others. Gemini is very simple. But the difference is you NEVER leave your Bitcoin on the exchange after you buy. You have to transfer to a wallet for security reasons. The exchanges get hacked all the time. I used the electronic wallet Breadwallet at first so you should Google that. As my money grew, I bought the hard wallet Nano Ledger S for $80, which basically looks like a USB but is the most secure wallet you can get and can’t be hacked even if you connect it to a compromised computer. Start slow and advance to that, Bread will be fine for starters. It all sounds very confusing but within 2 weeks of getting your feet wet with small transactions you’ll be doing all this like second nature. It’s not hard, just a bit different than what we’re used to with stocks. 

Last edited on Sat Oct 21st, 2017 05:27 pm by srossi



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