Response to derekdavis05:
First, as usual, none of this is investment advice.
Bitstamp is easy to use, but we have a responsibility to keep our info/money safe. Bitstamp could be the most secure site in the world, but if we're using a computer running Windows XP, riddled with viruses, and download sketchy programs from unknown sources... thats asking for trouble.
With bitstamp, you create your account, username password.. highly reccomended to use two factor authentication with Authy... (protects your PW from being stolen). not required.. but recommended.
https://authy.com/
depending on how you want to deposit money, you decide. a lot of people use a credit card because its simple and fast (money is ready to use in an hour or less). the one thing that turns people off is you have to send a photo of yourself holding the card (numbers blocked) to bitstamp.
concerning this, many people complain about identify theft.. but the way i look at it is millions of customers identify from Target stores were stolen a few years ago... and it wasnt even the customers fault. As long as we take precautions, we can reduce the chance of ID theft.
Experian itself (which is meant to PROTECT US from being hacked) was just hacked with the majority of Americans ID stolen.
https://www.npr.org/2017/09/14/550949718/afte...-their-own
The one thing that makes me comfortable with bitstamp (im not suggesting i use it personally) is bitstamp is the only Nationally Licensed Bitcoin Exchange; Licensed In 28 EU Countries:
https://www.forbes.com/sites/laurashin/2016/0...3dcef06056
so again, its a personal choice. Only do what makes YOU comfortable. if concerned, dont invest or find another route.
Our IDs get stolen at least once a year by some store or business yet we ignore it because its difficult to wrap our heads around numbers such as '140 million american IDs stolen in recent hack'.
if you decide to go this route, you deposit your money, then buy Bitcoin. then sell bitcoin and buy XRP. it seems difficult, and it is at first, but its childsplay once you get the hang of it.
im currently working on a step by step guide for buying XRP. i may ask a friend to do it for me, but ill try to get it out as soon as possible.
Quote:Once I can use my account how does the whole buying and selling of XRP work in terms of exchanging it to US Dollars? Will I simply deposit money from my Bank account into my Bitstamp account, buy XRP, and then sell XRP in return for US Dollars? There was mention of some sort of wallet or something and I'm just now sure how to buy XRP with USD and then sell and make sure I can get actual money in return.
Sorry for all the questions, thank you for taking time to respond!
First, as usual, none of this is investment advice.
Bitstamp is easy to use, but we have a responsibility to keep our info/money safe. Bitstamp could be the most secure site in the world, but if we're using a computer running Windows XP, riddled with viruses, and download sketchy programs from unknown sources... thats asking for trouble.
With bitstamp, you create your account, username password.. highly reccomended to use two factor authentication with Authy... (protects your PW from being stolen). not required.. but recommended.
https://authy.com/
depending on how you want to deposit money, you decide. a lot of people use a credit card because its simple and fast (money is ready to use in an hour or less). the one thing that turns people off is you have to send a photo of yourself holding the card (numbers blocked) to bitstamp.
concerning this, many people complain about identify theft.. but the way i look at it is millions of customers identify from Target stores were stolen a few years ago... and it wasnt even the customers fault. As long as we take precautions, we can reduce the chance of ID theft.
Experian itself (which is meant to PROTECT US from being hacked) was just hacked with the majority of Americans ID stolen.
https://www.npr.org/2017/09/14/550949718/afte...-their-own
The one thing that makes me comfortable with bitstamp (im not suggesting i use it personally) is bitstamp is the only Nationally Licensed Bitcoin Exchange; Licensed In 28 EU Countries:
https://www.forbes.com/sites/laurashin/2016/0...3dcef06056
so again, its a personal choice. Only do what makes YOU comfortable. if concerned, dont invest or find another route.
Our IDs get stolen at least once a year by some store or business yet we ignore it because its difficult to wrap our heads around numbers such as '140 million american IDs stolen in recent hack'.
if you decide to go this route, you deposit your money, then buy Bitcoin. then sell bitcoin and buy XRP. it seems difficult, and it is at first, but its childsplay once you get the hang of it.
im currently working on a step by step guide for buying XRP. i may ask a friend to do it for me, but ill try to get it out as soon as possible.
2
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
