A journey of sorts
So, in Adventures #1 I shared my experience buying my first cryptocurrency ever (Steem). Now, I am going to take you an another adventure to buy some Bitshares (BTS). Not because I particularly expect anything on the short term, but they're cheap-ish at the moment, so why not. If they tank, I lose next to nothing buying 100 Bitshares.
disclaimer: This is not an advise to buy Bitshares. It's a documentation on how to buy them if you've already decided to.
I am going on an adventure
Above is not simply a clever way to try and catch your attention. In my opinion (and I fully realize this might be due to me being a beginning cryptotrader) the amount of hoops you have to jump through to get anything you want/need is nothing short of staggering to the beginning trader. So it's a journey of exploration and pathfinding and whatnot. A true adventure !
image credit : New Line Cinema
First of, to buy Bitshares you need other cryptocurrency. And since Bitcoin is the most common at the moment, that's what I decided to buy in order to buy some Bitshares.
I have a wallet on my laptop called Exodus) which was recommended to me by my brother. It can hold Bitcoin, Ethereum, Litecoin, Dash, Augur, Golem and Dogecoin. It works well enough for my current purpose.
To get anything going at all, I needed to get some Bitcoin in there. ( I just started remember, I am like Whitney Housten from The Bodyguard ... ♫ I have nothing, nothiiiiiiiiiing ! ♫ )
The point here being, get a wallet to receive your bitcoins, because you need a wallet in order to get an address where to send the bitcoins you are going to buy.
In exodus, to get my bitcoin addres I had to go to wallet and then press receive. This will gave me a QR-code and an address string.
Hey I told you I was just a beginner right. I'm not dumping large amounts of money with the risk of losing them if I do something wrong. I bought 0.02 Bitcoin for testing purposes
Buying bitcoin and getting them into my wallet
To buy Bitcoins with Fiat (Fiat-money is the name for real world currency, € Euros, $ Dollars, £ Pounds, etc) I used a site called Bitonic.nl. In order to use it, I had to first verify my Fiat account by wiring € 0.01 to them. After that process has been done, I was good to go. You either specify the amount of bitcoin, which will automatically show the amount of euros it is going to cost you, or you specify the amount of euros, getting the amount of Bitcoins that will get you. Mind you though, this is a dutch site and you might prefer something in your own language or currency. This is something you need to google to fit your needs. This, in short is where your own adventure starts.
screenshot of the purchase area, default only shows the top 3 inputs, after which you choose buy and it will show the rest.
Now as with any transaction, there needs to be an account / address where to send to Bitcoins (your Bitcoin address, the 4th input). Remember Exodus up top ?the receive button ? This is the address I used here.
Then came the dark cave of the adventure again, where money was disappeared from my Fiat account and then was stuck in limbo again. After about 15 to 30 minutes my 0.02 bitcoins appeared in Exodus.
Ok, so I have some Bitcoins. Now what ?!
Well, now comes the time to buy the actual Bitshares.
In order to do so, I went to OpenLedger and created an account. The reason for going here is that @officialfuzzy seems to post them every other BeyonBitcoins post and I figured why not... It's an adventure after all, let's jump this chasm.
image source
As it turned out, the account I created there (I chose to use an online account) is 'the same' as The Bitshares Wallet. The reason I chose an online account btw, is that it would allow me to access it anywhere and not tie me down to a single computer (hardware). Anyways, that revelation made me feel more secure and a little bit relieved that I had chosen a legit BTS wallet.
Almost There
Once that was set up, the rest was pretty easy. In the wallet I chose to deposit/withdraw. Then I chose to transfer through blocktrades, as I have used that previously to acquire Steem. then, setting the amount, I got my bitshares address
So, backtracking my adventurous route to Exodus, I now had to choose 'Send' from my wallet to send Bitcoins through Blocktrades to my Bitshares wallet. This of course resulted in some LimboTimetm again, after which my Bitshares showed up in my wallet. YAY Succes !!!
Full STEEM ahead my fellow Steemians
