Hi there, I am new and just playing around with $$ I can afford to lose.  Trying to learn the ropes before I invest bigger $$$ amounts. I bought 1 ETH on Quadrigacx.com, which amounted to .9950 ETH in the end, due to a processing fee.

I want to buy more exotic altcoins, so I joined Bittrex.com.

1. Can I transfer my .9950 ETH from Quad to Bittrex?
2. How do I do this?
3. How long will it take?
4. How dangerous is this to attempt by a newbie?

Thanks for throwing me a bone!

Yikes!  As a newcomer, the fact that a Vet like you tells me this indicates a serious flaw in this economic model.  Can't help but think this does not bode well for cryptocurrency.


Thanks for the reply and the links.  I was excited to get 4 replies, but yours is the most helpful of the lot.

Hopefully I can find what I need in the links and not become another sad Bitcoin story.

I am a Canadian who is new to this.  Saw all the hoopla about bitcoin going up, and want to jump in.  I am in the process of wiring CAD $$ to QuadrigaCX.  I am prepared to lose $$ making poor investments, but certainly want to avoid having whatever I buy get stolen or somehow losing it.

Is it that dangerous just leaving whatever I buy on QuadrigaCX?  For it to be at risk, QuadrigaCX would have to get hacked or do something nefarious, right?

Using wallets or something of that nature seems more risky to me, because I have no idea how to do it!  What if I mess up, and think I am protected but am not, or make some error and don't even realize it?

In short, what is the best way for a newbie to keep his crypto investment safe, without a steep learning curve?

Thanks!

Steve

Thanks for the tip.  It is tedious, but I may resort to this.  But I am hoping to avoid doing the work all myself?  Surely many thousands of people have asked "What are the differences between all these cryptocurrencies"?   

There must be a website with a quick blurb on each, or a chart comparing them?

One thing that stands out is how many are wholly original, and how many merely build on original Bitcoin code?  I have no idea if 90% are copies of bitcoin, or 10%, or somewhere in between? (Ones that are based on Bitcoin code I will dismiss outright; I want new code.  Or that this pint *think* I want new code.)

Hi there,
I am a Canadian looking to jump into Cryptocurrency.  I know little.  Of course I have heard of Bitcoin, and as of 3 days ago, Ethereum.  When I go to coinmarketcap.com I see there are hundreds of currencies these days.

I do not want to invest in Bitcoin.  I feel that ship has sailed.  Also, there is a lot about it I do not like.  (For one thing, the fact that no one knows who Satoshi Nakamoto is.  For another thing, the fact that he has 1 million of only 21 million possible bitcoins.  These things seem shady to me.  Also, the transaction fees being so high, and taking so long to process.)

I have ideas about what a good cryptocurrency should be (not created by some secret figure who owns 5% of it!  Low and speedy transaction fees, for instance) and whatever one makes the most sense to me is the one I want to invest in.  But it will take me years to figure out what is what at the rate I am going (reading random articles). 

I think a cryptocurrency that is dirt cheap at the moment, has not allotted a ton of coins to the creators already, has people working on it that are known and go by proper names, is easy to exchange (theoretically) and with forever low transaction fees, is going to be the winner.  Kind of a bitcoin 2.0. 

Is there a site or link to a paper that explains the pros and cons, or compares and contrasts, the 10 or 20 most mainstream coins cryptocurrencies?  I would gladly invest a few hundred dollars in a few that I think showed potential, prepared to lose it all, but hoping one of them goes up 300x like bitcoins has for the guys that invested at a dime a coin. 

Thanks so much!

Steve