Help newbies: how to buy, hodl and sell altcoins

[Lacettivod]

Unfortunately there is no correct advice in this situation. If only it were that simple, all the participants could become millionaires. Any tip might not work. You need to learn to analyze projects and make the right conclusions. Study the behavior of currencies. Listen carefully to the news in order to sell or buy.

[pnx17]

I am not asking which coins to buy or sell, I am asking for some advice on the tools for the job. Exchanges, wallets, ...

[rbv]

For your own security, try to understand what the terms "cold storage" and "paper wallet" mean, otherwise you risk loosing all your money by being hacked. Only then I would start to buy and hold - in a way that minimizes the risk in terms of getting robbed, which is probably the easiest way to loose money in crypto.

[rbv]

Ad trading:
- There are several exchanges which do not require verification beyond having a working e-mail address, e.g. Cryptopia in New Zealand or Binance in Hong Kong (although I think you need to setup 2FA with an Android device here). Without verification with personal data (passport foto etc.) you are restricted in the amount of coins you can withdraw per day or week, but as beginner you will probably not hit those sums very soon.
- I would not leave money on an exchange any longer than necessary since there were some severe hacks on big exchanges in the past. I.e. do your trades and then get your coins out onto an address where you hold the private key yourself, preferably on paper or a hardware device like Trezor.