You have succeeded in investing bitcoin after your many efforts, my best wishes and congratulations to you for investing bitcoin. Invested hope the investment will grow slowly but to hold your investment I would suggest you to open a separate wallet as investing in exchange wallet looks very risky. It is better to open your own wallet and hold investments there than it is risky to say that any time your account gets blocked you will be in a lot of danger. But you can use Trust Wallet, Electrum Wallet, Blue Wallet, Exodus Wallet or any wallet. But investing in all these wallets will be safe only if you can keep your wallet seed phrase very safe.

In his local currency, I'd guess, because someone with so much interest and eagerness about Bitcoin and its accumulation wouldn't just use $110 from their salary for buying Bitcoin if they are earning 5 figures in dollars unless they have extremely high expenses and can't manage to save more money than this which again doesn't sound possible to me.

Anyways, congratulations, OP. The very first thing I would tell you is to kindly not keep your Bitcoins or any other cryptocurrency in your exchange wallet unless you are planning to do day trading with it which means buying and selling within short time intervals because exchanges serve different purposes and they are not supposed to be used as wallets to keep your funds.

Electron isn't a bad choice if you don't have a lot of Bitcoin at the moment. You can always upgrade to a better option, like a hardware wallet, in the future when you have more funds to keep. For now, you can use Electron, better than Binance for keeping your funds. Just make sure that you back up your keys and phrases safely.

I agree with you there. There is no need to store crypto on exchange wallets. At any moment, withdrawal conditions may change or access may be blocked. This has happened quite often recently. It's good that you warned the person. Such things do not require a delayed decision. If you do not approach the storage process in time, you can expect quite negative consequences. Hopefully such an error will be fixed in the near future.

Everyone wants to invest in Bitcoin for a long time.But some can continue their investment for long time and some cannot continue their investment for long time due to lack of finances. But one method to solve this problem for all of us is to make investing easier for those of us who don't have a lot of money, which is the dollar cost averaging method. Those who are interested in investing in this method continue to invest in their bitcoins with fixed amounts at specific times.

Yes, keeping our invested bitcoins in non-custodial wallets is the safest way to keep our invested bitcoins. Because these wallets are controlled by themselves, keeping bitcoins or other coins in these wallets is the most secure. Investors store their invested bitcoins in non-custodial wallets.

Well, congratulations on your first Bitcoin purchase looks like you finally made a decision to start investing and accumulating Bitcoin, First of all just want to share with you the Dollar cost average which is the best strategy in my opinion that you could do when investing in cryptocurrency on long term investment, that is basically just buying Bitcoin like weekly or monthly depends on your preference what even the market price as long as your accumulating Bitcoin, you could as well modify it with increasing or decreasing your buying power depends on the movement of the market, as long as you have a target price or going to sell only on the Bullrun you could easily guarantee a profit every time.

As I can see you're putting your Bitcoin on Binance which is an exchange, I dont really recommend putting such an investment, especially on an exchange since you dont really have complete control over your funds, find an open-source and noncustodial wallet, I could easily recommend Electrum for sure since that is as well what I'm using its easy to install and secure compared to other wallets. You could download the wallet here [GUIDE] How to Safely Download and Verify Electrum [Guide] . Its better to be safe I had an experience where my funds were frozen on a custodial wallet and I wasn't able to recover it anymore because they thought that I had some kind of suspicious transactions.

It is very interesting that you have purchased a good amount of fractional bitcoins, you must have taken a great initiative. Although it is an investment with your hard and hard-earned money so you have to collect good profit from here, and you have to wait for a long time by investing. This investment of yours will definitely be successful, but you have to wait for the best time and hold it until the price of Bitcoin in the market goes to a high level. Our bitcoin halving is ahead so you have to wait for this time and if you can wait for a long time then surely you can earn good amount of money from here.

Many many Congratulations to you sir. You are doing great that you are saving your money in bitcoin. It will give you good profit in the future. Because, bitcoin price is increasing day by day and you will also get good profit on this saving that you are doing at this stage. I really appreciate your idea. And i advice everyone that save a little amount from your income for future.

Regardless of the amount you say… i think $110 is a good enough amount for a start. At least, this is someone that just started earning 5 figures for a pay grade even though the user didn’t specify on what currency and having to use $110 out of it to buy Bitcoin is a good place to start.
Hope the user gets to continue and more importantly, learn how to secure what you’ve gotten, not going about to look out for means to multiply the coin by trying to stake it on some platform, may be join in a cloud mining or perhaps trade it,,, these are always a tempting option but, you just might loss your coin in the process.
As you learn, learn security too, it’s very important to not break faith in the system.

Yes, investing $110 is a good amount that can generate enough profit once the Bitcoin price increases. However, it would be even better if he continues to invest regularly, as the more he invests, the more profit he could potentially make. Furthermore, Bitcoin is a good option for long-term investment, and he is unlikely to regret his decision.