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Where to open my first wallet
 

Hello,

So I have never had cryptocurrency before. I am wondering where should I open my btc wallet? what are the differences between different providers? security, privacy and anonimity are the main priorities!

Re: Where to open my first wallet
 

I like Coinbase. Never had issues with them

Re: Where to open my first wallet
 

if you want security dont keep anything online period

Re: Where to open my first wallet
 

online wallet companies disappear with peoples coin all the time. Cooinbase is OK as long as you have NO plans of sending coins to gaming sites, darkweb or any other exchange

Re: Where to open my first wallet
 

Are you saying that they can be not trustworthy?
Where do people keep the big amounts of bitcoin then?


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Re: Where to open my first wallet
 

I wouldn't use coinbase. They kinda try to become the bitcoin paypal these days and restrict you from certain transactions. blockchain.info is pretty easy to handle with no such restrictions or safe and easy paper wallet.

Re: Where to open my first wallet
 

I dont get it.
So is it completely unregulated market or someone can put restrictions and see the transactions?


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Re: Where to open my first wallet
 

Think of exchanges as banks, you give them your coins and they hold it for you. It defeats the purpose of Crypto currencies, DECENTRALIZATION. Keep your coin in hardware wallets.
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Re: Where to open my first wallet
 

Do hardware wallets give you full anonymity and control of the coins?


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Re: Where to open my first wallet
 

Hardware wallet or a wallet that you have private keys for.

Electrum / Mycelium are great

Trezor / keepkey are great

Re: Where to open my first wallet
 

Let me ask this way: how were the first btc wallets acquired?

Re: Where to open my first wallet
 

I use Electrum.
You Couldn't pay me to use Coinbase. Like Danshan said above theyre the paypal of cryptocurrency and they can lock up your account for any reason at any time and then good luck getting your funds back.
The whole point of cryptocurrency was NOT to have to deal with that crap.
Another thing - a few days ago there was a hard fork- a split in the blockchain to BTC and BCC. If you had your funds with an exchange you did not have access to your private keys. This means that those exchanges now ended up owning the divergent blockchain's equivalent of your bitcoins in the new currency. I.E. If you had 10 bitcoins with coinbase, now you should also have 10 BCC (Bitcoin Cash token) but you do not - coinbase has those. If you had your own wallet like Electrum youd have those private keys and would have far more control over your cryptocurrency.
With another hard fork looming on the horizon in November this is something else to consider.

Re: Where to open my first wallet
 

So how were the first wallets obtained?

Re: Where to open my first wallet
 

From what I could understand, paper wallets are the most safe and private way to create those wallets.

I have a question tho: when I press on generate new address, do I get entirely new btc wallet or just some new address?

http://imgur.com/a/U605v

Re: Where to open my first wallet
 

first thing you need to do if its not already gone is move that btc now, you just showed your private key to the world.

Re: Where to open my first wallet
 

It's an empty wallet.
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Do I understand correctly that one wallet consists of one Bitcoin Address (Public Address) and one Private Key?

Like in this case we can see 3 different wallets.
https://image.ibb.co/gBjTXF/wallets.jpg
Am I right?

Re: Where to open my first wallet
 

yes those are private keys each one has an address

Re: Where to open my first wallet
 

that private key is the same thing as a trezor or keepkey

Re: Where to open my first wallet
 

Mayhard, get yourself an electrum wallet. Very simple and straight forward setup

Re: Where to open my first wallet
 

Coinbase lost people thousands when they refused to pay out free bitcoin cash and they dont like miners sending payments there and they have a limited exchange payment like £500 left them best thing I ever did and got a ledger nano s hardware wallet
I also got 3K of bitcoin cash for free
The
Steve

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Re: Where to open my first wallet
 

Coinbase really do think they are a PayPal twin but they are the worst thing since gonerea
I would never advise using them as your money is at risk in any exchange and under there rules so keep it in your private wallet is always best

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Re: Where to open my first wallet
 

Or want free bitcoin case

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