Hello members!
I am a newbie in the world of crypto currencies and I have a few questions before starting. My idea is to invest in still cheap and perspective currencies, according to the analysis which I have read. Note that this is a long-term investment I dont want to exchange and trade. But here come the problems:
1.Where I can buy the chosen coins STEEM, STRAT, MAID, GAME, FCT and BELA. Maybe I should buy some ETH/BTC from plus500 for example and to store them in Jaxx wallet. Then to trade them in Poloniex for my choices. Is it a good strategy? I heard also that I shouldnt store any coins in Poloniex, but
2. Which is the best wallet for my case? Can I use the official wallet of every coin and then print them like paper wallet?
Thanks in advance for your help!
I am a newbie in the world of crypto currencies and I have a few questions before starting. My idea is to invest in still cheap and perspective currencies, according to the analysis which I have read. Note that this is a long-term investment I dont want to exchange and trade. But here come the problems:
1.Where I can buy the chosen coins STEEM, STRAT, MAID, GAME, FCT and BELA. Maybe I should buy some ETH/BTC from plus500 for example and to store them in Jaxx wallet. Then to trade them in Poloniex for my choices. Is it a good strategy? I heard also that I shouldnt store any coins in Poloniex, but
2. Which is the best wallet for my case? Can I use the official wallet of every coin and then print them like paper wallet?
Thanks in advance for your help!
1) Buy some Bitcoin from an exchange or localbitcoins. You cannot buy from plus500 since all they offer are non-deliverable contracts for difference (CFDs). https://www.plus500.com/Instruments/BTCUSD
2) Each coin has a different wallet. Get a dedicated piece of hardware, install your own OS, run a local firewall, use full disk encryption, etc and only use it to store crypto. Don't web browse, don't skype, don't open email, don't do anything that isn't related to being your own bank on that machine. Keep a paper backup in several safe places such as safe deposit boxes, buried in your back yard, etc. Key loss due to lack of backups is the most likely way to lose funds in crypto.
3) Don't trade. Buy your stash, don't look at the prices every day. To be clear, you'll likely be better off if you can forget you even had them several years at a time. People have made way more money buying BTC at $300 than at $10 because most will sell early.
Good luck.