Hi All,
I am planning to invest in crypto currency hoping that It is not too late
. Please advice me how to proceed for the below purchase.
I am from Germany, planning to buy Etherium, IOTA, Siacoin, Ripple, Cypherium. Each of them of very low volume. totally worth (1000Euro). I dont know how to proceed with this. I made an account in Bitrix and Binance. But they dont allow to transfer money from my local bank to online wallet, how can I send the initial money to buy some coins?
Secondly, these sites require verification, which involves uploading government ID cards, but this is illegal in Germany AFAIK. Dear Germans how did you get around this ?
Thirdly once I get some money into my online exchange accounts, I will buy some BTC, Ripple and Etherium and then exchange BTC for IOTA, Siacoin. Does this plan sound good ? If so which exchange do you suggest me do all these transactions? which is cheaper in terms of transaction fee ? and best rates?
I understand that there is a transaction fee involved if we exchange different coins and also when we transfer it to/from our local wallets on our PCs. So What is the best way to minimize the cost involved ?
I am planning to invest in crypto currency hoping that It is not too late
. Please advice me how to proceed for the below purchase.I am from Germany, planning to buy Etherium, IOTA, Siacoin, Ripple, Cypherium. Each of them of very low volume. totally worth (1000Euro). I dont know how to proceed with this. I made an account in Bitrix and Binance. But they dont allow to transfer money from my local bank to online wallet, how can I send the initial money to buy some coins?
Secondly, these sites require verification, which involves uploading government ID cards, but this is illegal in Germany AFAIK. Dear Germans how did you get around this ?
Thirdly once I get some money into my online exchange accounts, I will buy some BTC, Ripple and Etherium and then exchange BTC for IOTA, Siacoin. Does this plan sound good ? If so which exchange do you suggest me do all these transactions? which is cheaper in terms of transaction fee ? and best rates?
I understand that there is a transaction fee involved if we exchange different coins and also when we transfer it to/from our local wallets on our PCs. So What is the best way to minimize the cost involved ?
It's certainly not too late, but personally, I wouldn't be investing in Ripple. The problem with Ripple is (although it will no doubt rise at some point) is it is tied to the banks, which kind of defeats the whole point of decentralisation altogether, and we all know how shady those bankers can be... They also hold something like 50 billion XRP themself, although it is placed in Escrow, I don't like it at all.. I also probably wouldn't bother too much with Sia. Ethereum, is bound to keep rising in the future, unless something drastically goes wrong, although I doubt it very much... IOTA, is definitely worth looking in to and honestly I don't know enough about Cypherium so I wouldn't like to comment. A lot of it depends if you're in it for the long run or you want to make a quick buck every few months, if the latter I would advise to research some good quality ICO's buy early and then sell when they hit the exchanges, works for me, but it really depends on what your end goal is.