What a journey. Bought my first crypto coins. Travel with me.

First of all, I am not trying to shill for the coins I bought, that's why I will not name the coins, only if people really want to know.
I just thought that I share my journey since it was not as easy as it seemed and maybe people who consider buying cryptos will learn a thing or two.
The confusing thing is that you cannot buy your coins with fiat currency in most cases.

The coins I bought were listed on the Bittrex EXCHANGE. (Not every exchange has all the different coins listed, but the web page of the coin company will tell you which exchange carries their coins).
But you cannot fund the Bittrex account directly (using Euros in my case).
So first I needed to find an exchange which would accept funding in Euro by Sepa wire - directly from my bank account.
After some research I settled on Kraken exchange and opened an account there.
In order to receive money from Germany you need a tier 3 security clearing which took a day.
I then sent a wire with the specific amount in Euros to Kraken.
After 2 days the money did arrive. The next step was to buy bitcoin with my Euro. In the meantime I had opened a Bittrex account with the necessary security clearance.
There you open a bitcoin wallet and you will be given a specific address, which you copy and paste into the Kraken withdrawal page. Otherwise Kraken has no idea where to send the bitcoin to. Once you finalized the Kraken withdrawal order, the bitcoin should show up in your Bittrex bitcoin wallet. This will take a few minutes.
Once they show up, you use these bitcoin to buy your specific coin by filling out an order form.
Once the order has been filled, you will be the proud owner of your coins and all you need to do is wait until the price goes up x100.
Well at least from my research 2018 is expected to be the year of crypto currencies and I am ready for it.

Last Edited by Tekunda on 11/06/2017 07:08 PM