Crypto Markets questions

Hi everyone, I'm new to the crypto scene and after reading i have a few questions about buying and selling:

-Would i need to buy an underlying crypto current first like ETC?

-What would the process be? ex: buy ETC or BTC -> then purchase Alt coin using ETC or BTC?

-I'm from Canada, therefore, whats the easiest way to trade ETH, BTC and alt coins? Poloniex? Kraken? purchase ETH on coinbase then transfer to poloniex?

-TO participate in an ICO, would i need to have the underlying current they are asking for? and if so, where would they send the tokens from the ICO?

-And lastly about wallets; would i have to hold an alt coin in a separate wallet other than exchange? and if so, does each coin have it's dedicated wallet? Thanks!

submitted by /u/marco871
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