I give up. How do I buy Bitcoin so it actually goes through. I tried to buy $300 in bitcoin by selecting Apple Pay. My bank declined it. I tried buying $100 with Venmo and that was declined. How do I get bitcoin in my wallet? Do I purchase in Cashapp and then transfer to Exodus? Will Cashapp shut me down if I do that?
Buying Bitcoin in Exodus
- Thread starter Leclairk
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I know some people who have struggled with banks declining have used Cashapp or Paypal with success and then transfer to a separate wallet.
I haven't had to do that...but it may be an option.
I haven't had to do that...but it may be an option.
go into Exodus and enter how much BTC you want to buy. then select use bank account. that will auto direct you to moonpay. Moon pay will ask for your card info. takes like 10 or 15 minutes to arrive. easy peasy
Sweet. I will try that. Hopefully my bank doesn’t decline paying Moon pay.byefatlicia said:
Please let us know how it goesLecotherk said:
I’ve transferred from cashapp to exodus a number of times and have had zero issues. Very easy and I learned from scratch. Bought all my peptides through bitcoin from exodus wallet.
I used to do this too. Until Cashapp wouldn't trxfer my BTC to my Exodus wallet. I tried to resolve but couldn't. Now, it's all done in Exodus...DazDillinger said:
I’ve had luck buying BTC in Best Wallet and sending to Exodus.
The advantage of Coinbase (USDC/sol-eth), Paypal (PYUSD/sol), or Cashapp(USDC/sol) is that they will usually give you the stable coin without extra fees. Then you can move it for pennies to the custodial wallet (the only place you should ever do purchases from if you want to keep your KYC account). You should also get a bit of the underlying chain (sol-eth) for gas fees, but those are usually pennies. Even transactions between PYUSD/USDC are pennies using the Web3 tools in exodus (Jupiter on sol, or Wormhole for sol/eth conversion).byefatlicia said:
Doing those conversions, or purchasing directly within Exodus (moonpay or Blockchain.com) are going to rack up 1.5-5% fees so you'll definitely want to get extra "just in case". If you're buying BTC direct (also possible on the KYCs listed above), you can, but transactions are slow (10min rather than 10sec) and expensive $ rather than cents. You also run the risk of having BTC lose value before you can do the transaction, so definitely get more than 10% extra cuz it can easily move that much in day.
I made a purchase in the Exodus wallet using Moonpay. It declined Apple Pay but it would accept my debit card once I verified my identity by uploading a picture id and taking a picture of myself.
I should mention I bought $150 on SOL and ended up with only $144 in my account. I guess that’s normal?
Could be the fees charged - also SOL isn't a stablecoin and could have moved in price between transaction initiated and executed.Lecotherk said:
Yeah, for a small amount a 4% moonpay fee is pretty typical.Lecotherk said:
I've seen Sol move 40% in the last few months, but I only know that because I originally bought $10 and the fees have only been a few cents... so the fact that I have less than $6 means it was a fall in value. Eth is slightly more stable (and slightly more expensive to transact). That said, you VERY rarely see 4% in an hour.
I know a 4% swing over such a short period of time is super-unlikely, but just wanted to toss it out there that changes in value are at least a possibility.joseblo said:
Don't forget that it can also go upNot_Your_Dad said:
Had the same issue, called my bank they claimed it was not them, could not get it to work after repeated attempts.Lecotherk said:
I know buy on coinbase, then transfer to exodus.
I tried to pay a vendor using BTC and the amount kept fluctuating. Also the amount of BTC the vendor asked for was more than the real time trading price because they just google the exchange rate but that is not what it is in real time trading. I ended up using USDC as it is a stable coin and 1 for 1 exchange rate. I would see if they accept something other than BTC.
I use Uphold and transfer the funds from my bank account. A lot of credit or debit cards block crypto purchases and the ones that allow it charge a % fee. Tranfer from your bank account doesn't have a fee and the funds is there for you to use immediately, even though it could take a few days for them to draw it out of your bank account. They pretty much front you the money while they're processing it out of your bank account.
I use Uphold and transfer the funds from my bank account. A lot of credit or debit cards block crypto purchases and the ones that allow it charge a % fee. Tranfer from your bank account doesn't have a fee and the funds is there for you to use immediately, even though it could take a few days for them to draw it out of your bank account. They pretty much front you the money while they're processing it out of your bank account.
You mean they changed the price of your purchase based on buying with BTC?pepshi said:
I haven't heard of that before.
There are more and more vendors attaching a 5% fee when the purchase is made in BTC. Not too long ago, everyone was begging for BTC as the preferred payment.
Well, it's not the first time the market has dropped ...I've got everything in USDC and a little Sol to move it along...just too unstable
Well, it's not the first time the market has dropped ...I've got everything in USDC and a little Sol to move it along...just too unstable
The vendor just searches the exchange rate for the amount owed in USD but that was not the current live trading price. BTC fluctuates almost every second and even a small amount adds up. In my case the vendor said that it was .0085 BTC to add up to the amount I owed in USD. When I was trying to purchase on uphold the price equal to my owed amount would have been .0081 BTC. At that time that .004 difference was like $37 dollars more than I should be paying.byefatlicia said:
I told the vendor what the current rate was and they just sent me a screenshot of their conversion and still wanted the .0085. So I just switched to USDC which is a lot easier to convert since it's 1 to 1.
I've attached current BTC price conversion from google and the current live trading price from uphold. $500 on google conversion says .0073 BTC but live trading price is .0070.
If they don't mention how much BTC to send and just give you a USD amount then I guess you just send what is owed. In my case I wanted to confirm what that amount was for them in BTC and they sent a higher amount than it should've been.
To me it's just a lot easier to pay with a stable coin rather than BTC due to the wild fluctuations.
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