Crypto

Need help buying bitcoin!

Hello r/Bitcoin community,

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I am a bit new to bitcoin and was wondering how do I purchase it. The wallet I use does not have a area where you can purchase it (I use exodus wallet). I just want to know is there any exchangers you guys know that are trusted that take like paypal to btc, or credit card to btc?

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Thanks for your help,

oShadow

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5 Comments

  1. Exodus isn’t an open source, I wouldn’t trust them with my Bitcoin.

    Anyway, congrats on the move, it’s never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE.

    Price wise, nobody knows what the price will be tomorrow, nor next week. Statistically, it’s less than four years from now. Anyone who bought Bitcoin at any point in the past and held it for 4+ years is in profit.

    **Try “Bitcoin ONLY” strategy for at least first year**, you’ll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to.

    Going DCA is probably the best approach, IMHO.
    Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for SATs. Once a week works best for me, but I’m getting paid weekly. If there’s a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://amber.app/calculate-your-investment/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference.

    Now, don’t buy a fake Bitcoin at etoro, RH, PayPal or similar, get the real thing. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin)

    Install (or buy – in case you’re getting Bitcoin in Thousands of $) one or more of these wallets.

    A few good wallet choices:

    [https://blockstream.com/green/](https://blockstream.com/green/) – Top Security Features, Open Source and Non-Custodial

    [https://www.wasabiwallet.io/](https://www.wasabiwallet.io/) – Excellent privacy, Open Source and Non-Custodial

    [https://electrum.org](https://electrum.org/) – Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets.

    https://bluewallet.io – easy to use, Open Source, Non-custodial (although I believe LN is custodial if not using own node)

    Lightning wallets to consider (cheaper and faster transactions, great for very small amounts):

    [https://phoenix.acinq.co/](https://phoenix.acinq.co/) – Phoenix works on Android or iOS

    [https://breez.technology](https://breez.technology/) – Breez – Android or iOS

    https://muun.com – Muun – another non custodial LN wallet working on Android and iOS

    Hardware Wallets (to store larger amounts):

    [https://trezor.io/](https://trezor.io/) – Easy to use, no matter how new in Bitcoin you’re.

    [https://coldcardwallet.com/](https://coldcardwallet.com/) – ColdCaard is currently the safest and most recommended here.

    There’s also Ledger, but I wouldn’t recommend as not fully open source, keep and already leaked customers’ details, etc. Whatever wallet you’ll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. This little device will hold the keys to your money, that’s the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it – as long as you keep your seed words safe.

    Welcome to the rabbit hole and don’t hesitate to ask if you have any questions anytime during your Bitcoin journey.

  2. What is with this “buy” Bitcoin thing?

    If you were in Barbados you would probably buy and sell with the the Barbados dollar. If you were in Guatemala, you would probably use the Guatemalan quetzal.

    Or you can choose to trade in Bitcoin–Your choice whatever country you are in–So why give a premium to the exchanges? Use Bitcoin directly… It’s a currency, you know!

  3. I have several ways but honestly the easiest has been the cash app on Android/iOS.

  4. Wallets are not exchanges. Would you buy a gold safe and wonder why it doesn’t have a buy gold feature?

    And Exodus is a shitcoin wallet. Its far from ideal.

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