If one heads a finance division, understanding cryptocurrency should be a breeze. After all, its just understanding what 'money' is and some technical parameters. Hardly different from his daily job.

Hitting the nail on the Crypto head. I have had my own rants about the Magical Mystical properties of  what is suppose to be an Uber complicated  Mathematical Endeavor.  And Wallets! Don't get me started. 
More Wallets than you can shake a stick at. And all hack-able.  
Enjoyed the read. 
Thanks for sharing.

From your post I get the impression that you're Finnish, or at least live in Finland. Nice to meet you, so am I. 

As to the subject of your post, I agree, cryptocurrency investment is a bit different to investing in stocks for example, but with my few year experience it seems that the investments acts similarly to other investments, just 10 times faster. I'm trying to merge the gap between cryptocurrency investing and investing generally, draw the similarities and the differences. I've already written many posts about investing and cryptocurrency.

However, I must say, I'm still remain slightly skeptical myself. I haven't invested fiat currencies into cryptocurrencies, but just by mining I've managed to make thousands worth of wealth for myself in a few years. And I used one GPU, not a miner.

I believe cryptocurrency investing is very much similar to traditional investing, the problem is that if things go wrong, you have a week to get out, whereas with other investments you have a year. People panic here much more. People see opportunity much more. People flip out much more. It is a wild west of investing.

My advice would be, if you want to keep it simple. 

Send steem or SBD to an exchange, bittrex is my preferred choice. There are many guides on transferring these.

Then trade on that exchange. Start by selling your steem/SBD for bitcoin.

Using your bitcoin, buy/sell as many different coins as you like. 

Any profits you make, transfer to a hardware wallet such as [trezor](https://trezor.io) or [ledger](https://www.ledgerwallet.com/products)

That way your funds are secure.

Been there....Still there! :) In terms of getting money out easier I have been advised by @meesterboom to create an account with cryptopay.me. You have to buy a prepaid card but apparently you just send your btc to your account and it automatically converts it to GBP. Not sure if that helps you out at all Taraz and haven't actually done it myself but meesterboom has been here a long time, got a good rep and makes a decent amount of rewards so I assume it must be working for him!

I just ordered a Credit Card from Bitwala.io. Will be my first cash out, and I really hope using the Credit Card will be easy.

Many people seem to confuse "how does trading with crypto work" with "how does crypto work". The first question is not that hard to answer, asking for the second one will end in people throwing tons of technical terms like nodes, fork, hash, etc. at you. I think I understood the technical side of Bitcoin, but I do not have a single on how other cryptos work.

> It 'seems' very complicated. Maybe it is not, but I at least struggle with it.

Yeah my dear friend @tarazkp this is not complicated and actually very simple indeed.
So without further ado, let's go straight to the point.

**First of all, follow these steps below in strict order:**
* 1- Download and install a BTC Desktop Wallet (cold wallet) in your PC. There are many good out there. But for simplicity, low learning curve, easy to learn with a nice/friendly UI to navigate through its internals mastering it in barely few minutes and with many powerful features as a Multi-asset Wallet to even exchange your btc for many other different altcoins right within the own wallet with low fees. I will recommend you [Exodus.](https://www.exodus.io/releases/) IMO they are very reliable developers who constantly are working on furbish the app, debugging, improving and updating the software regularly and launching new releases continually. (There are even rumors that Steem could be soon another altcoin & asset to hold and trade right into the wallet) So, give to this one a try!

* 2- Use [Changelly](https://changelly.com?ref_id=fe544f9e04f5) and/or [Blocktrades](https://blocktrades.us) to send, sell and convert your Steem/SBD to BTC or any other altcoin of your preference in the easiest and fastest way possible. There are many good tutorials on steemit describing step by step the easy process for both. No need to trade anything. You just sell your Steem/SBD to them and send the BTCs straight to your [Exodus wallet.](https://www.exodus.io/)

* 3- Open right away an account on [Localbitcoins](https://localbitcoins.com/?ch=ahzo). From your IP, the website should automatically recognize that you are visiting from [Finland](https://localbitcoins.com/country/FI?ch=ahzo) and will show you in your browser the internal local marketplace for your intended transactions. Through operations of Buy & Sell within the website you will be able to convert your BTC in local currency to your fiat bank account in a blink.
In this case, with the wallet of [Localbitcoins](https://localbitcoins.com/?ch=ahzo) unless you are trying to convert your Steem/SBD to BTC for instant operations to get €uros in your fiat bank account immediately, rather send the BTCs to your Exodus wallet address to hold them  more safe there if you are not in a hurry to obtain €uros. It is not advisable to maintain large sums of btc in any web wallet. Not even on Localbitcoins unless you hold these there for immediate transactions.

I hope these little suggestions can be of some help and usefulness for you mate. It's the least I can do to thank you for your very valuable and generous help to me.

A brotherly & very big hug to you my friend. :)

Seems like it might be a bit of a minority opinion, but I think that a good number of investors stay away from crypto not because of technical issues but because of valuation. None of the traditional metrics of valuing stocks, bonds, currencies, or commodities seem to be able to yield any insight into Bitcoin or crypto price movements.

I agree that issues of buying, selling, and holding cryptocurrencies are problems  and can be quite confusing at first. But at the same time, these are easily solvable problems and are to a large extent already being solved with more reputable service providers and better UIs. On the other hand, I see very little progress being made in accurately valuing cryptocurrenies.