Originally Posted by
baldrick
further to the question
this is not just for backspit , but if other members decide to buy crypto now
first you need to get your dollars/pesos to an exchange where you will have to do the KYC requirements - ID , selfie which is usually you holding a piece of paper with the exchange name , date and signature
stick with the big exchanges , coinbase , binance , bitrex , kraken , litebit etc - dodgy exchanges like to fuck you up
when you buy , instead of buying all in one hit and worrying if the price will drop after your purchase , buy a third first , wait a day and buy another third and then decide whether you will then purchase with the rest of your pesos
the next step is to install a personal wallet on your computer - the most important part of this is to note down the pass phrase when you create the wallet - easiest is on paper - people lose their crypto all the time when their computer fails and they do not have the pass phrase / passwords and are unable to re create the wallet
when you send from the exchange to your private wallet , do a couple of small test sends first to make sure you have go everything right with your addresses