I am a newbie to the forum and Crypto. There is a ton of information here but i'm quite confused in starting my journey. I cannot see members of staff online and don't really know who to contact directly hence my post with some question many may laugh at.
I have $200 etherium which I have purchased via MetaMask, I opened an account and placed $200 in there. I assume I own $200 or whatever the 0.00% it is off etherium. Is this correct? I would like to buy other coins too and put in a lot more money than $200. I would like to buy more etherium, bitcoin, XPR and a couple of other coins.
With lots of information that you can absorb online, it will come to a point that you will get overwhelmed by this information especially when you're a newbie. You don't know where you will start. You don't know what information to take, etc., etc. It's pretty normal OP and it's a good thing that you asked here. That would be better.
Did you buy Ethereum using Metamask? I guess there's nothing wrong there as long as you secure your private keys (12-word seed phrase). If you would like to buy more coins, I guess you should learn how to store them properly, and where to buy these coins that you want to buy. You can start on YouTube with regards to gathering knowledge, or this forum as well. There's lots of information you can get here.
My questions are below if you can help please
1. Do i do the same and open various wallets and buy the coins that way or do I have to use an exchange like Coinbase or Binance to buy the coins?
2. If/when I want to sell the coins do i withdraw via the wallets or do i go onto an exchange and sell? Then transfer the money to my bank account.
3. Is there a secure wallet I can get with can hold all the coins in 1 place or do i have to open multiple wallets?
1. You need to create an account in exchanges where the coin you wanted to buy is listed, and then you need to create a separate wallet for you to store your coins there. Don't store your coins on an exchange. Take note as well that different coins = different wallets. Do your research with that as well.
2. It depends. If you store your money in an exchange (which isn't advisable), you can just immediately sell it, and then transfer it to your bank account. Now if you choose to store it in a much safer wallet, you need to transfer it to your exchange, sell it then transfer it to your bank account.
3. If you have money, buy a hardware wallet. From there, you can store most of the coins, or at least those at the top. You can put all of your assets there. As to what hardware wallet you need to buy, do research on that as well.
I am really sorry if these are basic questions for you but I fell my knowledge is very very limited weak in Crypto, the more I read on this forum the more confused i'm getting. I would like to buy and hold the coins long term but would also like to sell short term if I don't feel i have chosen the correct coin/s.
Can you please help/direct me on my journey?
Asking basic questions when you're a newbie is a no-brainer. I did start as a newbie as well, and I did ask some questions here as well. Take one step at a time. Be patient.