Post
Topic
Board Beginners & Help
New to Cryptocurrency, Eager and lots of questions
by
Keen4
on 03/01/2018, 01:53:17 UTC
Hey everyone,

I wanted to a minute to create a post and hopefully get some helpful tips and advice from some members that have more experience and knowledge in the cryptocurrency than myself, which is probably every one on this site.

I've spent a few studying this world so far and it has been a lot of information to learn in such a short time. I've watched online videos and have listened to a few audiobooks to try to get a better idea. While all these helped me learn lots about cryptocurrencies...it probably raised more questions than I originally had. I have a few that I can think of on the spot written below. If you could help me out with this and any addition info would be AWESOME.

Trading:
  • So far I know of Coinbase, Kraken, and Polonix as trading platforms. Which one of these is recommended to be explored as a newbie?
  • Am I able to enter into any platform and begin trading by funding my accounts with my local currency or do I need to have Bitcoins or other Cryptocurrencies to be able to fund a trading account
  • Fee Schedules - What are these and how do they work? the concept of Taker and Maker is confusing.

Mining:
  • Is it worth taking the time to mine for Bitcoin or other currencies? My understanding so far from some sources is that the competition in mining is way too high and the chances of making any money in it is very low. If mining is worth the time...where do I begin?

Bounties:
  • I read a posted that said the coins received from bounties can be a waste of time and not worth anything. Is this on a case by case basis or standard across all of them
  • I saw that many coins are not offered on the trading platforms I found. Does that mean that any coins earned through bounty campaigns can't be sold since they are too new to be traded on any platform?

I actually have lots of other questions that I just can't think of right now, but i think this is a good start.

thanks for your help!