this was helpful. Today I got a bitcoin wallet app, breadwallet for ios, and I applied for an account with simple bank. Would my next step to be trading on BitShares, once I get Steem Dollars? I'm new at this.
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I would say getting a Coinbase or Circle account and linking them to the Simple Account. For Steem Dollars I am pretty sure you will be able to convert them through Blocktrades.us . As for other exchanges, will have to see who supports it will they become available.
ok thanks
Hi Stellabelle. Breadwallet is a good wallet for iOS, another good one is the CoPay wallet. I haven't used BitShares a lot so in my case the way it would probably work is:
You should always send funds from your own wallet to Circle, rather than from exchange wallet. These services have government regulations they have to follow and if they suspect, or mis-identify a transfer as a gambling or other illegal activity they will freeze your account. So it's always best to send from your wallet so they don't confuse the transactions source.
That said... Circle is a fantastic service. The bank transfers are usually instant when withdrawing from your bank, but have to go through the "usual" banking delay when depositing to your bank (not Circles fault).