Is what I want to know is say I like Litecoin, XRP (Ripple) and Bitcoin Cash....Do I have to start an account with different places? For example, it looks like coinbase just sells Bitcoin, Litecoin and a couple others, where Bitstamp sells XRP and other places offer NAVCoins. This stuff seems confusing but I am seeing some people with HUGE returns on it right now. I need to learn it and learn it quick. I want to buy some XRP, NAV, OMG, LSK, STEEM, etc.
IS there a one stop shop or do I just need multiple accounts. Also, how do taxes work on the profits of these things.....or is the point of crypto money to not be taxed?
Coinbase you can actually use to pay for things. I don't do it, I simply use it to buy and sell because it's easy to navigate. If you were to actually want to use it buy something, I suggest (and I suggest this anyways) getting a offline wallet that actually stores your cryptos. They look like flash drives or paper with barcodes on it. But if you lose either, you lose your money. There are several one stop shops, but Coinbase is one of the safest. I know a number of people with multiple acts. Lisk and Steem seem like really good ones, but Bitcoin cash, after its hard fork from Bitcoin, still scares me.
If there are some guys who want to learn from, and not be bored to death. Check out Louis Thomas and Crypto Shark on youtube. Boxmining is really good too, but he's just dull.
For everyone else, the basics:
[video=youtube;Da9Q57vov_c]https://www.youtube.com/watch?v=Da9Q57vov_c[/video]