'Installing' Applications, where to put folders? [duplicate]
Solution 1:
Usually you would select /opt or /usr/local as installation path.
You need to use sudo if you want to copy anything into those directories.
Solution 2:
Based on the fact that you have paid money for it, might be a good idea keeping it close to other documents that you will definitely take care of, that is, in the home directory.
~/bin is not widely known location but it is added in the PATH by bash so it looks pretty standard to me.