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RE: Do I need a bitcoin wallet? Best Wallet? Mycelium is a good choice? I want to buy steem on an exchange.
As you know by know I am using XAPO online wallet. I don't know if it is US citizens friendly, though.
Why would you go through Poloniex? If you want to buy Steem and if this Steem becomes Steem Power than you can do it directly. Simply transfer your bitcoins (OK, satoshis) from your bitcoin wallet of choice to steemit.
@ervin-lemark, i was thinking of trading currency and I see people using poloniex. This is a new experience for me. Thank you for sharing your info.
I see. Trading and buying are two different things :)
For trading there are many places to do it. Poloniex, Bittrex, Bitfinex. Those ARE NOT a safe place to keep your currencies, at least you will be trading . if you want to buy BTC you can do it in bitstamp, localbitcoins. To buy there you need a wallet to keep your btc safe, like blockchain.com. So, yo buy your btc in bitstamp or localbitcoins, then you transfer to poloniex to convert from BTC to dogecoin or litecoin per example, and then you move the LTC o DOGE to a secure wallet or to speculate about the fluctuation prices of the cryptos and buy an sell -let me tell something about it, in cryptocurrencies, almost every trade is a high frecuency trade, sometimes in seconds or miliseconds, it's hard and exhausting and there are not regulations, sometimes is a bloodbath there, hardest than any other market. For steem you dont need to do that, you can buy in bitstamp or localbitcoins, and then directly convert to steem in this place.
@garvofe, thank you for all the info my friend. Lot to digest. Steem On Dude.
Another reason I like this post is bc all you super people in the 60+ Rep score we look up to, some have questions like the rest of us, which makes me feel better LOL!!
@barrydutton, we have to keep on with the good fight. We Steem On Together. Thank you for following me.