So far, it’s not impressive to the noob as by the time you get everything verified and ready to go. Your almost bored of the idea .. I’m sure it quickly fades away with the excitement of the 1st %’s of coin in your newly created wallet! Then only to fade again once you learn the charts, ups and downs.
I can still hear those words in my mind when I finally decided to click on the “buy bitcoin now”. Along the journey over time I decided to switch to ETH and that was only cause I need ETH to buy a different coin. By, now.. and many videos, junk, scams .. heck, I do not recall what that coin was but thanks to my trusty daily and by the second at times notes. I'll figure it out later.
Over the past few weeks I’ve been researching and testing different ways to purchase coins, join exchanges, sandbox testing. As of this moment, still not a coin holder.. All wallets are empty and that’s ok with me.
Basically, if you’ve never purchased and want to get started. I highly suggest that you do your own homework. Only use what you can afford to lose, there are normally no refunds. Read the fine print - a few times.
So let’s get started.
As most noob’s I went to search online. “Buy ETH using credit card” - LOL, seriously thought it was going to be as easy as it is to go to the bank and exchange dollars for coins. Maybe in future it will be. Mostly, you're setting up a new "bank account" or the sorts.. it's your money your investing into someone or some other group. They certainly want to ID you to the hilt in some cases. You should also understand who you are dealing with as well.
| Questionable Landing Page | Trust but Still Questionable Website |
|---|---|
| Ad’s, lots of ads or Incomplete Info | Fancy websites like Casino |
| Old School Design | Top notch looking entertaining to the eyes |
| Broken images, links not work | Sounds too good to be true |
| Signup no confirmation email | Over the top agressive |
| Waiting days for support reply | Instant reply, even active and ready to shop cypto |
I actually was on the signup page on Bitconnect and it was one of the active 30 or 40 tabs I had open. By the time I got to that test, the website was closed. That was itself alarming to think.. hmmm
Don’t let the cover, content or the white papers be your only reason to invest..
-- Get social, ask questions - find a group your comfortable with.
-- Copy, follow others not always the best option.
Your country, your local laws, taxes and more.
-- Validation process
-- Waiting
-- Still waiting…
Instructions - it’s time to get your coins to you.
-- Options
-- Waiting for the wallet to show the coins.
Finally - all is ok, ready to send your coins to you.
-- Waiting.. And that is where it is now.. Waiting.
-- Reasons
-- Research
-- News
-- Trends
Security
-- Use a complex password for all accounts you used.
-- Not the same
-- Log in real time, print and save keys, use a flash drive - lock it.
-- Don’t lose anything
-- Until your comfortably trading, investing keep a tight list
-- Recovery or Resetting passwords is not always an option.
-- You can lose all your coins instantly by your own doing.
In closing this..
Not all trading sites are the same, some are very easy some are complex and at depending on location your not allowed or even banned to join or even access. Careful before you fill out any forms or provide ID's. You need to understand what country is supporting - ruling this exchange.
Happy Trading and Best of Luck to you and YOUR Future!
Disclaimer:
The information is based on my own private testing that I’m sharing public in hopes it will help others to avoid frustrations, rejections and denied. If you do not read “TOS” and ignore those “Notifications - Your Location Request” that is part of the ID process already in play by the websites you visit such as an exchange or pre-order coin site etc... They all ask you to be honest to join risky business of trading. I’m not an adviser invest at your own risk. Seek professional assistance within your city to better help you understand the cryptocurrency world of investments.
Black Coin with Hippo is my logo on snerdey.com and the coin is a thought.
-- Wonder what'd I'd name it?
