I don’t think I got to understand the explanation given. Let’s try to recap it and see.
My goal is to invest a certain sum into MAIDSAFE and a lower sum into some minor cryptocurrency that I consider a good speculative bet due to its low low low cost.
That being said I’d like to break down every single passage that will lead me into my goal. I want to be prepared before doing anything.
Step one: use kraken.com/coinbase etc to exchange euro for bitcoin (because i cannot exchange directly for MAID). To do this exchange you have to pay a fee that varies from site to site. You use a credit card or a bank transfer.
Step two: you now have 1 bitcoin (let’s say i want to invest 4.000$). I need to transfer that bitcoin to bittrex/poloniex and “trade” it for X MAIDSAFE. Trading will cost me another fee.
Step three: now i have X MAIDSAFE that i need to transfer again outside of the exchange site to my online wallet. To do this i have to pay another fee.
Here are the questions:
Where do I receive the 1 bitcoin I have bought from kraken/coinbase?
Do I have to input some sort of address? I suppose they will send it in my wallet (i’m using omniwallet even if it’s not particularly user friendly to me). Is it correct? If so I need to understand where is written my damn private key because all i can see is a public key.
I didn’t understand the blockchain.info stuff and the priority fee. Considering I’m noob would be simplier? Sorry about that
Can i transfer the MAIDSAFE I have bought to an offline address in omniwallet? If so, do I have to set it up beforehand?
Between all those transfers are there waiting times? What I want to avoid is to buy 1 bitcoin right now, then exchange it for other cryptocurrencies at a lower value because of the time I need to wait for the transaction to be validated. Tomorrow 1 bitcon can be 3.500$ and If I have to wait before the exchanges FIAT/BTC -> BTC/MAID take place, I could lose 500$ of value.
Thanks for the patience guys. I’m really sorry to make dumb questions