Another Newbie needing assistance

[LittleTimmy]

Firstly thank you all.

Seems like I'm definitely in the right place and received a lot more responses then expected.

I will certainly be browsing the forum and looking into all the pointers given, thanks agains.

[xeqoRameshAxueamExaqana]

The best newbie is to learn to trade first. learn the analysis. then use a demo account first in forex in meta trader 4 many support crypto currency and there is a demo account.
if you have already entered funds, it is better to trade in big market coins. for example, bitcoin, ETH and BNB.

[bastian466]

In my opinion, you only need to stay on a large exchange like Binance, because one exchange already has a complete package, you don't need to make too many transactions if you want to buy and sell and withdraw your money to the bank. but now we can do it. exchange is also via wallet but I prefer to just play on the exchange. The wallet is only a place to get new coins by participating in various campaigns

[batang_bitcoin]

I know that this is not a big concern but I've always seen these folks spell Ethereum as Etherium, I wonder where you're getting that when you were able to buy it from any of those exchanges and have it abbreviated only as ETH but if it's on metamask, it's spelled correctly on the mainchain. Anyway.

1. Do i do the same and open various wallets and buy the coins that way or do I have to use an exchange like Coinbase or Binance to buy the coins?

Download a wallet that supports a lot of cryptos like Atomic, TrustWallet, Exodus, Coin Space or even purchase hardware wallets.

2. If/when I want to sell the coins do i withdraw via the wallets or do i go onto an exchange and sell? Then transfer the money to my bank account.

There are wallets that have internal exchanges but fees there are quite high because they get commission from every sale or trade.

3. Is there a secure wallet I can get with can hold all the coins in 1 place or do i have to open multiple wallets?

A hardware wallet is your best tip.

[Magic-Money]

You're point number one, buying Ethereum and hold in metamask is very expensive, because of gas fee charge. And the second option buy via Binance Exchange platform is a good one and less stressed in time's of converting to local Bank currency and is also more secure as long 2FA is activated and more reliable.

[AakZaki]

You're point number one, buying Ethereum and hold in metamask is very expensive, because of gas fee charge. And the second option buy via Binance Exchange platform is a good one and less stressed in time's of converting to local Bank currency and is also more secure as long 2FA is activated and more reliable.

Buying on an exchange like Binance will indeed be cheaper because it only requires a small fee, but it will also provide the same fee when the Ethereum is withdrawn to your personal wallet. Everything can be adjusted to suit your needs, if you want to trade on the exchange then transfer funds to the exchange, but for long-term security, the best recommendation is a hardware wallet which will be safer than the exchange because you have full control over your own wallet.

[Belarge]

The best newbie is to learn to trade first. learn the analysis. then use a demo account first in forex in meta trader 4 many support crypto currency and there is a demo account.
if you have already entered funds, it is better to trade in big market coins. for example, bitcoin, ETH and BNB.

We trade in bigger markets and have seen the steadily uprising of these our projects, I'm on a run of making significant saving, we I'm working with speculation of clubs that's doing brilliantly good in matches and they're the important clubs to push my team. Newbies have no much thing to say other than competing against their oppositions. None of these people will start claiming rights because of the presence of challenges everywhere. Newbies have a long way to go in the system, there's presence of hard and good sector.

[dlightag]

This is discussing forum where many people share ideas for raising a topic to discuss, but come for investment have to do with person research by reading and learn more cryptocurrency market history and cryptocurrency trading top 10 exchange platform is the best to buy and sell, depends how long your hold for a profits, especially investing or trading with Bitcoin is more reliable.

[Oxbro]

Hello,

I am a newbie to the forum and Crypto. There is a ton of information here but i'm quite confused in starting my journey. I cannot see members of staff online and don't really know who to contact directly hence my post with some question many may laugh at.

I have $200 etherium which I have purchased via MetaMask, I opened an account and placed $200 in there. I assume I own $200 or whatever the 0.00% it is off etherium. Is this correct? I would like to buy other coins too and put in a lot more money than $200. I would like to buy more etherium, bitcoin, XPR and a couple of other coins.

My questions are below if you can help please

1. Do i do the same and open various wallets and buy the coins that way or do I have to use an exchange like Coinbase or Binance to buy the coins?
2. If/when I want to sell the coins do i withdraw via the wallets or do i go onto an exchange and sell? Then transfer the money to my bank account.
3. Is there a secure wallet I can get with can hold all the coins in 1 place or do i have to open multiple wallets?

I am really sorry if these are basic questions for you but I fell my knowledge is very very limited weak in Crypto, the more I read on this forum the more confused i'm getting. I would like to buy and hold the coins long term but would also like to sell short term if I don't feel i have chosen the correct coin/s.

Can you please help/direct me on my journey?

No worries, we all start somewhere! Crypto can be a wild ride, but let's break it down:

Getting Coins:
So, you've got that $200 in Ethereum, nice move. You can definitely buy other coins. You can either open separate wallets for each coin, or hit up exchanges like Coinbase or Binance. They're like the shopping malls of crypto – pick and choose what you want.

Cashing Out:
When you're ready to cash in, you can do it in a couple of ways. Either sell your coins directly from your wallets and then transfer the money to your bank. Or, hit up an exchange, sell there, and then transfer the funds to your bank. It's a bit of a process, but you'll get the hang of it.

Wallets Situation:
You can go all-in-one with a secure wallet that holds different coins. Ledger or Trezor are solid choices. Or, if you're going for different wallets, just keep track of your keys like a boss.

Remember, there are no stupid questions in this game. Crypto can be confusing as heck at first, but you're on the right track. Ride the learning curve, and you'll be navigating the crypto seas like a pro in no time. If you need more guidance, just shout. Cheers to your crypto journey!

[odunybiz]

This is discussing forum where many people share ideas for raising a topic to discuss, but come for investment have to do with person research by reading and learn more cryptocurrency market history and cryptocurrency trading top 10 exchange platform is the best to buy and sell, depends how long your hold for a profits, especially investing or trading with Bitcoin is more reliable.

This forum really helps if you are ready to learn. Alot of good topic are discussed here. And this could help to build ones knowledge in the crypto space.

The best newbie is to learn to trade first. learn the analysis. then use a demo account first in forex in meta trader 4 many support crypto currency and there is a demo account.
if you have already entered funds, it is better to trade in big market coins. for example, bitcoin, ETH and BNB.

Trading is for children. It isn't easy at all expecially if you are trading future. If not he/she will lose all is fund. I think he should start with buying potential coin like Bitcoin and keep for future profit. If it's a must to trade, he/she can do spot trading after getting knowledge about how it works.

[JeffBrad12]

You're point number one, buying Ethereum and hold in metamask is very expensive, because of gas fee charge. And the second option buy via Binance Exchange platform is a good one and less stressed in time's of converting to local Bank currency and is also more secure as long 2FA is activated and more reliable.

to be honest if its just swapping for one time and the capital invested is big enough its still worth it to directly hold in metamask, the only concern is that whether OP know how to not interact recklessly with some random smart contract sometime some people just really curious and like to give these random shady contract allowance for their token spending in which definitely gonna be harmful since thats how most people money are stolen.
if a person doesn't know the security principle of storing money in metamask or any other ethereum wallet even paper wallet then they better of saving their money in exchange because at least it forces them to enable 2 factor authentication as well as some email verificiation before someone even be able to withdraw.
security should be concern for anyone that tries to invest big sum here. after all sometime even exchange have some kind of insurance to cover loss though.
so its really depend on the ethereum holder need in my opinion when it comes to this.