Is there anyone there who can point me in the right direction to set up a wallet and buy Bitcoin? It looks like there are scams out there and I don’t trust my google results. PM is fine ;-)
Thanks mate. I’ve just bought some on Coinbase and it was very simple. I’ll be spending them tomorrow so hopefully that should be straightforward too!If you are wanting to store the coins offline yourself then the the most popular hardware wallets are Trezor or Ledger nano. I think if you have a Trezor you can buy coins directly through the Trezor and store them on there (no need for an exchange). You can buy the basic wallets off amazon for about £50. If you get it from Amazon make sure you get it from a reputable supplier and it's properly sealed when it arrives.
If you're happy to leave the coins on an exchange then Coinbase is the pretty straight forward and I believe Binance is too. Some people will say don't leave your coins on an exchange as they're not secure.
Thanks mate. I’ve just bought some on Coinbase and it was very simple. I’ll be spending them tomorrow so hopefully that should be straightforward too!
tell you my story of bitcoin , stumbled across it when it was around 400 dollars about 2015
Bought a couple on localbitcoins, went up to 600 dollars bought some more.
Anyway it was just a question of looking each week to see how much profit I had made.
Then bang it went down and I lost all interest.
Sometime later new computer, and then around 2017 bitcoin hit mainstream news.
" Wow I have some of them I am rich", no I'm not they are on the computer I scrapped.
T o this day I rue my 7 or so coins lost for ever.
For the hard of thinking like me....why can't you just 'log-in' and get them back?tell you my story of bitcoin , stumbled across it when it was around 400 dollars about 2015
Bought a couple on localbitcoins, went up to 600 dollars bought some more.
Anyway it was just a question of looking each week to see how much profit I had made.
Then bang it went down and I lost all interest.
Sometime later new computer, and then around 2017 bitcoin hit mainstream news.
" Wow I have some of them I am rich", no I'm not they are on the computer I scrapped.
T o this day I rue my 7 or so coins lost for ever.
Presumably they have lost the equivalent of A bank ‘account number’ access key, or the ‘key’ to access the ‘wallet’ that they were storing the bitcoin on.For the hard of thinking like me....why can't you just 'log-in' and get them back?
Ah right so whereas I have money in investments that even if I lost my details I could 'get back into', these wallets aren't stored with any company then. I'd assumed Trezor or Ledger nano etc were on-line banks that you put them in.Presumably they have lost the equivalent of A bank ‘account number’ access key, or the ‘key’ to access the ‘wallet’ that they were storing the bitcoin on.
As there is no tying of an ‘account number’ to a person, other than that which is maintained by the person in the form of remembering the ‘key’, then the bitcoin is effectively lost, as it is cryptographically practically impossible to find the ‘key’.
Something like 1 in 7 bitcoins are ‘lost’ iirc.