eToro
 

Does anyone knows thes place? - where do you shop your crypto?

Stay away from eToro!
They don't sell cryptos - they sell crypto features (contracts not actual coins!)

If you want to buy some currency check out CoinBase :thumbsup:thumbsup

Later you can exchange coins you buy there for some other alt-coins at HitBTC

How do you get them out as dollars?

Thanks :)

You simply reverse the process:

In case you have just BTC/ETH/LTC you just sell these at CoinBase and then just withdraw the USD to your bank account.

If you have some other (alt)coins you would have to exchange them on the HitBTC back to BTC/ETH/LTC and then do the above.

I get you are into thes. What is your thoughts on Ripple?

Well I'm not that much into it...

IMHO you have two options to buy BTC/ETC/LTC and hold for long term (6m, 1year) and then sell and make a profit and I think this probably the safer bet...

The other way would be to do altcoins. This can be much dangerous. Currently since last June (~6 months) I'm having 2000% return on Stellar (XLM) and 900% on Ripple (XRP).

Unfortunately, my volumes in these two coins are not that big so I'm not making some serious money but it's not bad.

I understand. My plan is to buy and sit for 12 months and probably sell if I have a profit.

It's just for a little fun.

So Ripple you buy at coinbase to?

I have been reading up on reviews on most coin sellers. Bad reviews all around.

No I buy Bitcoins on Coinbase, send them to HitBTC and there I exchange Bitcoins for Ripple.

I keep my portfolio at https://www.cryptocompare.com so I know exactly and in realtime how well is any of my coins doing.

Your strategy of buying and keeping something for 12 months isn't bad. Here's an interesting chart showing how much would you earn if you spent 1k on any of these coins in the past year:
https://i.imgur.com/1CcHMNQ.jpg

I guess if i invested 500 us last year i could pull out grt money from Ripple. Would not be that bad.

Thanks for your advice. But i can see why someone want to use etoro. Thes is more work.

Have you used it before?
One of the reasons is that you're not buying the actual coins! AFAIK you're just betting on the price. If you loose bet you loose money/contract. While when you buy coins if they go down tomorrow you can just wait more until they are back up or you can sell them or trade them for something else. You just have more control and you're buying the actual stuff.

One of my friends has, its lookes esay and neet. To Easy. That's why aim here. Researching.

Solid info thanks a lot. I really appreciate it.

You're welcome. If you happen to have more questions you can contact me directly. My email is in the signature.

Thanks. The last one i guess there is a big change my friend can lose his money is there not?

I'm not 100% sure but if you scroll down to the bottom of eToro site you'll find this:

Than you can read about it in here:
https://en.wikipedia.org/wiki/Contract_for_difference
https://www.cmcmarkets.com/en/learn-.../what-are-cfds
https://www.investopedia.com/article...rade-a-cfd.asp

So, even if you buy for eg. Apple stock on eToro - you haven't actually bought the stock (you won't get any dividends or voting rights) you bought a CFD contract and you're actually speculating how the price of that stock will be in future.

The risks are MUCH higher but also are possible gains (I can explain in more detail how this works but let's keep it simple for now).

IMHO this has nothing to do with investing - this is more like betting. So if you want to invest money into stocks or into coins - buy the actual stock/coin and not the CFD/contract!

Just my :2 cents:


EDIT: Just to answer your question: Yes I think your friend can lose all his money he spent on eToro while if he bought any coins these coins would probably have some value even if the price goes down. So he could sell them or trade them for another coin while if he loses money in eToro it's lost completely.

do not use eToro. I use coinbase to buy bitcoin and binance to trade.

I looked into etoro, looked like a bunch of crap. They don't actually own the crypto they are buying and selling and you are basically betting not trading.

anyone use metamask?

I remember installing it once but never actually used it for anything..