I am fairly new to everything and it is still blowing my mind to a great extend. I have a quick question concerning Bitstamp and I'm hoping I'm posting in the right Thread. I tried to search for the answers online and in this forum, but couldn't really find anything that would provide a sufficient answer, or one that I could comprehend (I'm a student from Germany)...
I was looking to invest in some Bitcoin, so I tried to buy some via Bitstamp. First I wanted to try a small amount, to make sure that everything would work out fine. However I encountered a problem... Honestly, I don't even know if it is one. So I would really appreciate it, if anybody would find the time and help me with his/her experience and knowledge:
After I made a Deposit via Credit Card, I wanted to acquire Bitcoins by accessing the "Buy"-function/button. However, it stated: "You have only 0.00 EUR available. Check your account balance for details."
Indeed, my "Availability" stated 0.00EUR, however, the money was listed next to "Value".
I then figured, that I must be doing something wrong and tried to withdraw my money and realized that I could also withdraw in BTC, which I then did, transferring it to my wallet. I checked at Blockchain and the small amount of BTC really was in my wallet some time later...
However, everytime I watch a tutorial or read articles through Google, it clearly states that BTC are aquired via the "Buy"-function (which I never used since I had 0 "Availability", only "Value")...
This leads me to my two questions:
- Did I do everything correctly, even though I never used the "Buy"-function?
- What is the difference between "Availability" and "Value" (on google I found that Availability is used to trade with BTC, is this correct) ?
I'm so puzzled, this is such new terrain for me
Thanks for anybody who finds the time to help.
Kind regards,
Dominik