alright, thanks for the information.

One last question: How do i transfer them back to EUR/USD?

If OP is planning on buying a bunch of coins, I wouldn't recommend him to use a web wallet to store his bitcoins. Instead OP you can try a desktop wallet like electrum or any of the listed wallet in here: https://bitcoin.org/en/choose-your-wallet
For a trading platform, I would suggest bitfinex and poloniex also new coins are mostly being listed in c-cex.
For purchasing bitcoi I think you can try localbitcoin or afaik isn't there an atm machines in your area? You can purchase bitcoin in there too.
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yeah right, i can purchase bitcoin directly in the store. But i still need a wallet to transfer them to the trading platform of my choice or can i skip this step?

hey there,

im pretty new to the bitcoin world and would like to start altcoin trading. I am well aware of the risks and i am only going to invest money i can afford to lose. I have a few basic questions, just to make sure i understood everything correctly.

From what i have learned so far, the first thing i need is a bitcoin wallet. I then purchase bitcoins there and transfer them to a bitcoin trading platform. If i want to pause my trading and just hold my bitcoin, i just transfer them back to my wallet. Is that correct, or am i missing something here?

Also, i am from Europe (Austria). What would you suggest are my best options for a bitcoin wallet and trading platform?

Thanks in advance