In the process of purchasing my first crypto currency

in #steem7 years ago

I am about to tear my hair out, its such a convoluted process, but slowly making headway.

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I got the Bittrex account opened, no problem there, just need to understand the process.

I tried https://anycoindirect.eu/en/buy/bitcoins to purchase Bitcoin, but they do not verify Australian mobile numbers!

So next step was to look for an Aussie trading platform, came across this one https://btradeaustralia.com/ the verification process is a little slow, and they charge almost 5% in commission.

A bit of trial and error, but I am determined to make my first purchase of Bitcoin.

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I will update this post with a complete idiots guide to making your first Bitcoin purchase and transferring it to Steem, as soon as I have success, wish me luck!


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Well your my first resteem. Because I'm excited to see how you come out and read your next post. I am brandnew to the crypto world myself and it's a bit overwhelming. I haven't purchased any crypto yet still in the research phase. Really wish this was easier to do on a mobile device since that's where most my time is spent.

I am having a similar issue. So many to chose from,and which wallet is best and what about the fork etc. Someone will help you....ask google. There is always an answer. Good luck.

personally, I think for raw beginners Exodus wallet is the best. Use that while waiting to get a hardware wallet delivered - they are in short supply for awhile now. (Trezor, Ledger Nano S, Keepkey)

Just concentrate on dollar cost averaging into bitcoin, ethereum, dash, litecoin and you will do fine, imo. after learning more you can later diversify into more coins.

https://www.buybitcoinworldwide.com/wallets/

yeah and about the bitcoin fork, at this point, just avoid btc until afterwards

Oh I can recognize this. Not tearing my hair out, but I think they're turning gray. xD

Good luck! Let us know how it goes so we can join in and because successful!

Oh man, keep us posted, I'm thinking about buying my first cryptocurrency.

Good luck! Let us know how it goes.

You could always braid your hair again xD

If your worried about paying 5% in commission, just think of me paying 10%.

yeah, they slog us with fees on every transaction, 10% would be a deal breaker.

I should get my passport updated to save on fees, but I like using the local BitcoinATM.
Get paid, and within the same day, bought crypto.

First order of $200 has gone in, now we wait and see.

Hope it all goes well! Be careful not to lose any coins. I would probably recommend buying a small amount initially to "test" it so you don't lose any large amount if something goes haywire.

already done, just waiting on the order to go through now.

Don't freak out! Everything's going to be all right. :)

if you are going to buy crypto coins start with genesismining.com you can mine bitcoin there. they will send them to your wallet. why buy coins when you can earn them forever or as long as it is profitable for both parties. if you go there use my affiliate code 2AcphZ and get 3% off every time you use it. I upgrade every month ill use yours in return. I look forward to seeing your future post.

also, buy steem dude!!

I have faith in you!