Hi there,

So i am completely new to this and im interested in trying to buy some crypto currency for the long term. I have looked into it, have a little spare money and would like to invest.
I have a friend who does it a little and has told me to ' buy it bitcoin or ether through an exchange, then transfer it to another exchange and trade it for the coin i want.
I basically have no idea how to do this and am wondering why i cant just simply trade it through something like plus 500 and what is the difference??
I sort of understand that its not leveraged doing it this way, which if im correct means if it was go to 0, i cant lose more than what i put in.

All help would be greatly appreciated to get me going. Or if you can put me in the right direction so i can read more and get a better understanding of it.

Thanks
James