The (somewhat less) clueless crypto novice rides a wave

Following my recent success in setting up my CoinSpot account I thought I'd follow up with an update on how things have been going with the site and in general with my initial foray into crypto-currency buying.

I've been riding the crest of a wave generated by my initial experience, one that I had expected was going to be disastrous; At least in the as far as the complexity of the set up process and time frame. As my last post says, it wasn't too difficult at all though.

Buoyed by my success I decided to try some transactions with the $50AUD I had deposited into my account. I purchased some Litecoin, a small amount only, and was glad to see the transaction go through cleanly and my CoinSpot Litecoin wallet credited with the correct amount. It felt good, the feeling that this all seemed to work, and I was looking forward to getting some more funds in there to permit some more, larger coin purchases.

The following day at work I thought I'd get onto the computer, my own laptop, not my work computer, and navigate over to my Exodus account. This was set up many months ago when I was in Finland on holiday and to date hadn't been used other than to receive a small amount of ETH to test it. It was at that point things went pear-shaped. If you're not aware what that means, it means that things went FUBAR. If you're not sure what that means, it means that things went fucked up beyond all recognition. A slight exaggeration possibly...But only just.

I opened Exodus on my computer, typed my password and...Yes, you know where this is going right? No access. Re-type...No access...Re-type, being really careful to make sure I got it right...Ah ha...No access. Fucking fuckety fuck!

I guess I wasn't so worried about the small amount of ETH held in there, more the fact that this looked to be the end of my crest of a wave scenario that had, until now, seen me cutting sick like Kelly Slater on said wave. My formerly tubular crypto ride was now more of a closeout, a shitty wave to ride. Non-bodacious.

I keep all my passwords in a password keeper, a Norton version. It works really well and hasn't failed me but somehow I'd messed up and was locked out. I also have my keys and passwords printed and stored in my safe at home but the problem was it was the same password as in my Norton thing so that wasn't going to help! At the time I didn't realise what my recovery phrase was all about although I sort of worked it out and only a short two hours later I was back in! No, it didn't take me two hours, I had an appointment in the middle.

So, back up and running I thought I'd try a transfer into CoinSpot. I transferred the ETH I was holding in Exodus and in only a few short minutes it sat in CoinSpot waiting for me to do something with it. Sweet, the wave was back and I was carving it up!

Now I know some of you reading this may be thinking, "this guy is a compete idiot," and you're probably right to some degree but for someone not used to this process and these concepts, a newbie, it's all a bit daunting. I'm working on it though and problems, like above, all go towards gaining the knowledge I will need later on when hopefully there's a lot more money held in my accounts.

So this little episode helped get me more organised. I think the password thing must have stemmed from me changing the password in Exodus but not on Norton, a mistake I won't make again. It also reiterated the importance of keys and in ensuring they are secure, and correct.

Overall I'm moving it all forward I think. My decision to get onto CoinSpot seems to have worked out and they even called my mobile to welcome me personally. The young lady told me not to give my details to anyone, not even CoinSpot and also the process to contact them if I needed to which I thought was pretty cool; A little personal touch in an environment that is all about cyber-contact.

It'll be a while before I hold much crypto-currency however the understanding I'm gaining now will pay dividends later when I have gazillions!

wave im srce