Dear all,
My understanding of ICOs didn’t feel complete without participating in the process. Soon, I opened a Coinbase account and invested a few thousand dollars to see how the “system” works. I subscribed to crypto newsletters and ICO alerts. In the next few months, I participated, sometimes successfully and sometimes not so much, in a few ICOs.
Thanks,
I think you would like to know all the process:
1) how to put the money in the system;
2) how to buy the crypto currency used to pay in the ICO (usually BTC or ETH)
3) how to create a cold storage wallet where to deposit your tokens/coins bought;
4) how to find the right ICOs where to put your money;
5) how to buy the actual coin/token from the ico;
6) how to check if you have received it.
1) The first step you did it already. Coinbase account, buy crypto. good
2) Check number 1.
3) It depends on the token/coin:
a) ERC-20 >> create an account on MyEtherWallet >>
https://www.myetherwallet.com/. The website will take you through all the right steps. Read them all carefully.
b) BTC wallet >> I reccomend
https://blockchain.info/wallet/ . Download the app, backup your account by writing the recovery text on a paper (in 5 copies, very well hidden), get your public address and use it to send your fund to that address.
c) Nep5 >> download their desktop app, back it up, get your address and use it to store your tokens.
d) just download their app whatever that is if it's a new blockchain, back it up and use the public address to store your new coins.
4) search the ones that have a visible team, working product, are solving a real problem and that your confident about it.
5) send the ETH or BTC to the address provided by them in order to pay the actual token/coin that you want to buy.
6) stay updated with their social pages and groups to know exactly when they will arrive.
Hope it helps