I got my first 50 euros in bitcoins today from coinbase. Is it a safe place to keep my BTC or should I move it to a wallet?
What would be the best wallet to keep it in?
Any tips would be nice, because I don't know much about crytocurrencies.
Get wallet
Electrum is a good way to start
Is coinbase a good place to buy and sell bitcoins? It has a 4% commission fee. Which places have less commission?
>>3087659
i moved mine from coinbase to blockchain.info before the fork
The only safe way is to move it to bittrex and buy the OMG dip
>>3087659
Ok, noob... if you have such a small amount of btc, do not move it to a wallet.. because you'll have to pay fees on coinbase->wallet then wallet->coinbase or exchange
exchanges are relatively safe and 50$ is not an amount that you should care about.
Also, always double check your address before transferring because if you got it wrong your btc will disappear and never come back.
Move it to bittrex and buy Sia. Hold for a few months and sell back for twice as much bitcoin.
>start "bitcoin wallet tips" thread
>don't give any tips
Fuck you OP, go back to >>>/r/eddit
>>3088002
use Gdax you mong. its the same company as coinbase but fees are much lower.
As for wallets, you're not supposed to leave them on exchanges. Coinbase seems pretty secure to me though and apparently theyre insured like banks, so I assume you're safe up to 250k?
I've been leaving about $1000 crypto on Bittrex. Im too lazy to transfer it to a wallet each night and its not a fuckton of money. Not sure how unsafe this is; i have 2fa authentication on.
>>3087659
If you plan to HODL long term, sure. But wait until you've got like $500 worth to move it to a wallet, coinbase isn't going anywhere. Personally I'm not going to move anything until I've made significant gains that I would be really uncomfortable losing.