I am new and confused

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1 BTC = $62746.81 USD  (via Coinbase)
1 ETH = $2422.60 USD  (via Coinbase)
1 LTC = $273.02 USD  (via Coinbase)
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Hello everyone!

A week ago I read a news article about Bitcoin and decided to buy some coins to test it out. I used Coinbase to convert EUR to BTC, and my coins are currently stored in my Coinbase account's wallet.

Today I had some time to browse Reddit, and I heard Coinbase is not the best place to store bitcoins.

What do you suggest as an alternative? * I found a great tutorial about moving money from Coinbase to an Electrum wallet. Should I do this? * I heard blockchain.info is safe. Should I register and make a wallet there?

I am definitely thinking about a "long-term investment" (if it's possible), so I'm not planning on spending my Bitcoins any time soon.

One more thing: if I understand correctly, when I install the Electrum wallet I'm going to control my own public and private (?) keys. Where should I store those? Is it safe to upload them to Google Drive or Dropbox? Or should I just store them on a pendrive?

Sorry for the newbie/dumb questions, I hope I'm not asking the worst possible things.

Thank you for your help!

submitted by /u/werck
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $62746.81 USD  (via Coinbase)
1 ETH = $2422.60 USD  (via Coinbase)
1 LTC = $273.02 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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