Bitcoin

Bitcoin uses secret codes to control the blockchain transaction. Codes are stored offline in secure hardware wallets.
Hot wallets (software/online) are simple to use but are vulnerable.
Decentralized wallets give you full ownership but need careful key management for trading exchanges. Centralized wallets (exchanges) manage keys for you.

All these make it easier to trade Bitcoin and blockchain by providing you with access to your money.

For long-term growth, you can consider halving events and economic conditions. While buying market dips can be good, a regular, consistent investment plan (like dollar-cost averaging) often reduces risk and fits Bitcoin's potential for lasting gains.

Expand your crypto research beyond Bitcoin Cash, Cardano, and Stellar; consider looking into Bitcoin (the first and most widely recognized cryptocurrency), Ethereum (ETH) for its smart contract ecosystem, and Solana (SOL) for speed and low costs.

Crypto news is complex for you, so instead of news, focus on understanding the technology and use cases of each project.

Remember that the crypto world is very volatile. Many cryptocurrencies rise quickly and fall just as fast. If you prefer a lower-risk approach, consider sticking with well-established projects with strong use cases.

For Electrum, the crypto wallet requires a generated seed phrase to secure wallet creation; you can't use a custom list. Using a self-made list significantly increases the risk of losing funds, as it does not adhere to the BIP-39 entropy standards, which govern the generation of seed phrases.

Border wallets are not inherently safer for this. Prioritize Electrum's generated seed, store it securely, and avoid custom lists.

Version 0.12.0 is a very outdated version and incompatible with new Bitcoin networks. Direct transfer is risky.

I would suggest trying to export your private keys from your old wallet and then importing them into your new wallet.

According to USA policies regarding crypto trading, the age restrictions are there before investing in Bitcoin. So minors can't invest in Bitcoin. But there are some ways minors can trade work.:

Parents or guardians can open custodial accounts or purchase Bitcoin on the minor's behalf. Parents or guardians buy the bitcoin and transfer it to the minor's wallets.

For crypto, spot trading is generally safest for beginners. Futures are high-risk, high-reward. Copy trading can be risky if you don't vet the trader. Merging methods is possible but complex. Risk management is paramount in all crypto trading.

I prefer spot trading with strong risk controls. But remember, no single "best" exists; it depends on your risk tolerance and goals.

Bitcoin's blockchain is highly secured because of its decentralized nature (no single person or group can easily manipulate or shut down the network) and cryptographic algorithms (creating unique, complex codes), which are nearly impossible to hack.

Certain exchanges, including personal wallets, pose vulnerabilities. For long-term holdings, don't store your assets on exchanges. So for larger holdings, it's advisable to use hardware wallets. Always use strong passwords and enable two-factor authentication.

Coinbase Pro, or Kraken, can be used for bitcoin purchases. Binance.US is also a cost-effective option. Avoid credit card purchases, as they have high fees, and use a dollar-cost averaging (DCA) strategy for investment. Explore on-chain options like Swan Bitcoin for recurring buys.

In the US, it's still not clear how Bitcoin is regulated. The CFTC calls it a commodity, and the IRS calls it taxable property. However, the IRS does not recognize it as currency. The lack of a single definition makes it harder for normal financial integration to happen because regulators aren't sure what to do.

Bitcoin's price is affected by many things, such as how investors act, changes in rules and regulations, the economy, and the mood of the market as a whole.

Short-term price changes are unavoidable, but long-term buyers tend to focus on bigger trends like adoption and progress in technology.

The first thing you need to understand is that the cryptocurrency market is large and risky due to its volatility. So you have to be very careful before investing. Then you need to learn how bitcoin works (blockchain) and its decentralized nature.

Then, types of wallets, which one is the best to store your bitcoins (https://fincuss.xyz/topic/126/how-can-i-secure-my-bitcoins/2), private keys, and all the tax implications (https://fincuss.xyz/topic/72/how-does-taxation-work-with-cryptocurrencies/2).

For investing, which are the best trading platforms available, like Coinbase, Cash App, or Kraken? And out of all, which is the best user-friendly platform?

Start investing with small amounts because of the risk factor. Dollar-cost averaging (DCA) would be the best option for you, where you start investing with $1 on a weekly or monthly basis as well.

So before investing, stay updated and do your own research and beware of any scams or traps.

Yes, you can start investing in Bitcoin for only $15. There are many platforms, like Coinbase and Cash App, that allow users to purchase bitcoin even with $1.

AIP is a fantastic strategy for small and regular investments, and there are some platforms that can help you, like Coinbase and Binance. These platforms offer you the opportunity to invest in small amounts at set intervals (weekly, monthly). This reduces the chance of instability.

In the end, just keep one thing in your mind: the crypto world is very volatile, and risks are always there, but AIP (automated investment plans) or DCA (dollar-cost averaging) help you to even out the average buying price over time.

The US government regulates the crypto exchanges in the country. Investing in cryptocurrency largely depends on your risk tolerance capacity, investment goals, and stability.

For long-term investments, Bitcoin and Ethereum are the best and most trusted options. It's actually good for beginners, too.

For stability and a low risk factor, invest in Stablecoins. USDT and USD coins provide you with stability.

Dogecoin and Solana are other good options where you can invest.