
Originally Posted by
Daydreamer
Setup an account on coinbase and binance to start. KuCoin and possibly Poloniex as you get more savvy. Purchase etherium on coinbase. If you are ok with it I would recommend paying with a credit/debit card on coinbase and not your checking account. This makes the coins available instantly, otherwise you have to wait a week and we are in a dip now. It's only a few dollars to do the instant method.
After you have etherium, go to gdax (it's owned by coinbase so your login is the same) and transfer your eth to that. There's guides online for how to do this. From there, send your eth to binance or whatever other exchange you want. The reason you use gdax and not coinbase to send them over is gdax will cover all the fees and coinbase does not. The first time you go this route it's confusing, but now I can do it in maybe 30 seconds. If you want low risk and steady but slow gains then keep some in etherium as it's been holding price with slow gains better than pretty much anything.
I think most people here would recommend Stellar (XLM on binance, the name changes sometimes on other exchanges) as one of the better altcoins to invest in. Try to diversify and not invest everything in one coin. Lots of people here can recommend other coins, I just chose Stellar because I think most people here would agree with that recommendation.
Also DO NOT PANIC SELL. The prices on this stuff swings constantly and nerve wracking. The only reasons you should ever really sell are if you are cashing out or if you have actually lost all faith in a coin (see Tron, TRX, for details).