- When you create an account on Coinbase/Kraken or whatever they will give you a wallet (at least on Coinbase they do, I’m not sure about Kraken). Lets say you buy 1 bitcoin using CC or bank transfer. Once transaction is complete your wallet will show 1 bitcoin. You can then transfer your 1 bitcoin to an exchange like Poloniex. This will take some time and will cost you a small fee (less than 1%).
For some transactions you are offered a choice of fees. Choosing a priority fee will ensure your transaction happens faster. This may be imporant to you as some transactions can take days at busy times.
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You can check how your transaction is proceeding on the blockchain.info site.
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Once you have transferred your bitcoin to an exchange you can use it to buy MAID and other coins. Once you have bought MAID it’s a good idea to transfer it off the exchange. The easiest way is to use omniwallet.org, but it will cost you 10 MAID (Poloniex) and you also need a small amount of bitcoin in the omniwallet wallet you send it to. There is another thread here which explores offline options for storing MAID. If you just search for ‘omniwallet’ you’ll come up with plenty more.
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There are always waiting times for transferring - anything from 10 mins to days. That’s why it may be worth choosing the priority fee if available. Transferring MAID to and from Omniwallet can be particularly slow in my experience. However, the exchange process (e.g. buying MAID with bitcoin) is instantaneous. So the best thing is to leave enough BTC on the exchange to trade with, bearing in mind that exchanges have been hacked in the past.