Post
Topic
Board Altcoin Discussion
Re: Questions about buying, holding, staking altcoins
by
Findingnemo
on 12/12/2020, 21:39:08 UTC
Hello guys.

I am newbie to the crypto world, and I read a lot of things about it, still I have unanswered questions, hope some of you can solve it for me.

Firstly, I am planning to buy two cryptos (Cardano, and VeChain), but later I plan to buy another ones, like crypto.com coin, RSR, or Zilliqua.

My questions are, that if I will buy it at Binance, should I open account for every crypto, or just one for all? And how about staking these planned cryptos, where should I stake them?

Second thing, that I read something that every crypto has different blockchains, and when I wanna send one of my cryptos to my wallet, somehow it can be loss, because Ethereum can not be send to Bitcoin wallet? In this I totally confused, where I can send, where I can not, how can I lose my coins.

Thanks, best all.
You need to create only one account on each exchange but never deposit all your cryptocurrency under single address. There will be respective address will be available for each cryptos so make sure your are sending funds to the right address.

And the same thing with wallet as well, there are multiple cryptocurrencies support wallet available but each has different address for respective cryptocurrency.