Buying and Storing 1 Bitcoin for Investment

[stimubate]

Hi guys! Stimubate here, your Juan and only, yours truly. lol. I need help in finding the best way to buy 1 bitcoin and the best place to store it for long term. So far I have looked into Coinbase and it has been a frustrating nightmare. I got to the part finally where you have to connect your bank account and ran into another error. What would be the cheapest way to buy a bitcoin? I would never buy one thru paxful or local bitcoin because of how much you lose paying the seller. like you get 78 cents on the dollar.    

And once I figure out the best place to purchase a bitcoin, what would be the best place to just store it? Blockchain Wallet with 2FA enabled? Transferring it to a physical hard drive for safe keeping and just storing it in a safe in the closet? It is scary to also think about the hard drive dying or stop working over time too.   So yeah lots to think about and figured I would come (hehe cum...) here and ask you fine and dandy and honest and sexy folk and folkettes. folk it. Thank you!!!! And have a Stimubatingly Terrific day and or night.  

[AdamLevine]

I can help you  maybe try  IQ OPTION its easy to buy there with your atm  But why not try Bitfinex too. there is a best price to buy a coin  

[wilberthh]

You can buy directly from coinmarketcap.com too, but you need credit card for that. Or you can simply buy from localbitcoin.com

Best of luck!

[Etude]

I would recommend you buying from high volume reputable traders at Localbitcoins.com 

[neoooo]

I agree with Etude and Wilberth , check localbitcoin.com.

[Xylber]

- If you have a safe computer (not used for creacked software, or deep web browsing), just keep an electrum wallet there, and make a backup on pendrive/SD card you don't use for anything else. I think it is the most basic way.

- If you want more security, print the private keys or 12 words of Electrum, but have a backup encrypted on the PC (with the private keys hidden in a passwored zip, or inside an image).

Not the most elegant ways, but safe enough. In Bitcointalk there are extremely safe and paranoid ways to store BTC, check there for ideas.

[uras7999]

 localbitcoin.com is best one.

2 minutes ago, Xylber said:

- If you have a safe computer (not used for creacked software, or deep web browsing), just keep an electrum wallet there, and make a backup on pendrive/SD card you don't use for anything else. I think it is the most basic way.

- If you want more security, print the private keys or 12 words of Electrum, but have a backup encrypted on the PC (with the private keys hidden in a passwored zip, or inside an image).

Not the most elegant ways, but safe enough. In Bitcointalk there are extremely safe and paranoid ways to store BTC, check there for ideas.

thanks

 

[barbaris]

I think to buy in our time is not a problem. But it's safe to buy and with minimal losses and commissions this is really a problem. I'm using a Blockсhain with 2fa protection, there were no problems.

[wry]

Despite it's increasing mainstream appeal crypto currencies can still be a chore to buy because of their irreversability.  Depending on where you live, I would suggest exactly what you did, a mainstream exchange like Coinbase or Bitstamp.  I've heard great things about GDAX which is the exchange part of Coinbase.

For storage you must control the private keys.  I'd use Electrum a light wallet, and keep the seed for the wallet written down in a safe place, or a couple of safe places.

Good Luck!

[ktfor57]

My laptop crashed once and power problem in last 4 months. So I would prefer online wallet than hard drive. Blockchain with 2fa and SMS password combination seems best. Good luck