It’s time to really delve into the nuts and bolts of ethereum. If you’re just moving your bitcoins off an exchange, then all you need to concern yourself with is ensuring that no one can access your private keys, which are secret decrypted copies of your bitcoin addresses that only you have. The more complicated the process of moving it into a new wallet or cold storage solution, the more likely it is that someone will be able to gain access to those keys. Wallets can be managed using either an online service called MyEtherWallet if you’re familiar with front-end development or local wallets on USB sticks for offline access.
Anyone who wishes to hold ETH should have some sort of Ethereum address (either on their computer or on paper) where they can receive their earnings without fear of losing control over everything themselves (like if they misplace it). For simplicity I suggest writing down your ‘Bitshares’ address at this point; whenever we use the term ‘Bitshares’, we’re referring specifically to what used to be called ‘STEEM’. Eventually Bitshares 2 was released as STEEM set out on their own now independent path (they’re not compatible), but at this stage Bitshares still shares most underpinnings with Steemit – especially in terms of voting rights and large ownership stakes etc.. It has recently been doing very well in Chinese markets due is similar nature too!
Once you’ve converted