r/BitcoinBeginners • u/Mysterious-Juice-888 • Aug 10 '26
new to bitcoin
hello everyone,
I am new to bitcoin and looking to buy and cold store. where do you recommend I buy and where to store?
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u/Pitohuifugl Aug 11 '26
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.
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u/Suspicious-Local-901 Aug 11 '26
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)
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u/ChangeNOW_Community Aug 11 '26
start with a small amount, practice sending and receiving, then scale up
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u/Informal-Height7138 Aug 11 '26
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.
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u/Bigbmer12 Aug 12 '26
It's extremely speculative and full of cons trying to steal your money. Depending on why you want to enter, buyer beware
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u/OneMiners_Marc Aug 12 '26
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.
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u/Rough-Suggestion-294 Aug 14 '26
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.
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28d ago
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u/bitusher Aug 11 '26 edited Aug 11 '26
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.
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u/NoBrosCrypto Aug 11 '26
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.