I joined this group a few days ago and I’m excited about all the info provided.
I’m also new to trading crypto so, I have a few questions:
1. I’m based in uk and I want to buy ETH. With them I want to buy different altcoin to keep them on a long term. Which site should I use to start buying ETH?
2. I’ve read and listened the Wallet video and found out that if I want to keep them safe I need an cold wallet (offline), so I thought that I can to start with a flash drive. Can I do it and what else do I need to use it(apps, program…)?
1) OK, so if you want to buy Ethereum with Pounds, you have quite a few options. Check out our full guide to buying Ethereum here:
The UK-based ones which accept Pounds include Coinbase and CEX.io. I think all the others listed there will accept Euros, if not Pounds.
2) A flash drive isn’t very suitable for a cold wallet. The point of a cold wallet is that it’s never connected to a device which goes online or connects to any other device. If you intend to plug that flash drive into any internet-connected device, then your Ethereum private key (which controls your ETH) may be exposed to malware.
A hardware wallet (which is like a specialised Flash drive which *can* be safely plugged into internet-connected devices and has some further security measures) is a better option than a USB drive. Of course, you can always backup your private key to a USB drive until you get a hardware wallet. If you choose to do that, you should strongly consider encrypting the private key, in addition to setting a password on it.
A good open source program for creating encrypted files / containers / drives is VeraCrypt.
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