Crypto for dummies?
- Thread starter GtownBrown
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Confirm with the seller both the form of crypto and the transfer network before you send your payment. Before I send crypto, I always worry that I'll send something the wrong way and end up losing my crypto. However, the only way I actually lost crypto was when Tracy and QSC staged their January disappearance.fatty33 said:
Absolutely! In your Exodus wallet choose "receive" (from the list of cryptos) the type of crypto you're sending from Coinbase and copy your destination address to paste in Coinbase's send address. Coinbase will present you a list of network options where you can play around with compatibility. I just did this before responding and the Eth transfer cost on $56 was .23¢! (Sol is usually cheaper)fatty33 said:
I think the Base network problem is when transferring to a Coinbase proprietary wallet.
It's a software wallet app. For comprehensive information Google your question for comparisons of hot/cold wallets.fatty33 said:
I did it! I sent my first crypto payment to a vendor. I checked network first, I asked to send a small amount and confirm receipt of it, then I sent the rest. So easy and now I'm wondering why I've not used it before!
I am trying out a new unknown vendor so kept my purchase fairly small and cheap ($120) in case it goes south and doesn't turn up, but I'm still celebrating my first crypto transaction.
I am trying out a new unknown vendor so kept my purchase fairly small and cheap ($120) in case it goes south and doesn't turn up, but I'm still celebrating my first crypto transaction.
That's awesome! Please let us know how things go with your vendor. We always need more optionslittledragon25 said:
My gut instinct is that she's legit (what scammer asks you to wait 2 days before payment because the finance guy is on holiday and they want to check they've got the right crypto wallet?). So fingers crossed that it comes through! Won't ship until the 9th now and then I'm in the 7-15 day waiting period so we will see!byefatlicia said:That's awesome! Please let us know how things go with your vendor. We always need more options
Plan a good solid month after the 9th. Anything faster would be tripping over themselves for good buzz and shill grooming!littledragon25 said:
Normally the next step is the vendor confirming your shipping address. This usually serves as payment confirmation. Then silence... Maybe try not asking for a tracking number and see how they communicate. If you become inpatient remember the shorter the inquiry the more likely they are to understand.
In a store where they don't speak your language:
"Buy Umbrella"
"It's raining out and I'm worried I'm going to get wet"
Oh I've ordered from grey vendors before, just not paid with crypto. They've already confirmed address and I know it's not going to ship until the 9th so I'll get tracking info then. She claims 7-15 days so we will see how true to her word it turns out to be - I had a Jeep order turn up in 10 days so it's entirely possible.nonyabizznez said:Plan a good solid month after the 9th. Anything faster would be tripping over themselves for good buzz and shill grooming!
Normally the next step is the vendor confirming your shipping address. This usually serves as payment confirmation. Then silence... Maybe try not asking for a tracking number and see how they communicate. If you become inpatient remember the shorter the inquiry the more likely they are to understand.
In a store where they don't speak your language:
"Buy Umbrella"
"It's raining out and I'm worried I'm going to get wet"
I got Coinbase and then exodus wallet. I used my bank card which limits me to 50$ a week, and then PayPal which is 1000 a week, but getting your money into PayPal is the problem. The bank to PayPal holds the money like 5 days. I ended up giving someone cash and they sent me a PayPal which I put on PayPal debt card and then sent to Coinbase, and then transferred out the crypto to exodus wallet.
All that to say, when trying to pay the peptide vendor he said things and used terms I didn’t understand, so I goggled whatever it was and slogged my way through to my first order. I always found an answer, but it took a couple hours, the vendor doesn’t walk you through it.
The most frustrating part was having the right money on the wrong server, then getting it to the right server but not having “coins” to move it or swap it or send it on the new server. If the eth server didn’t tell me invalid address I would have sent the money into the void. I goggled why would the eth server sending address say invalid, and resulting articles told me I was probably on the wrong server, and I was.
All that to say, when trying to pay the peptide vendor he said things and used terms I didn’t understand, so I goggled whatever it was and slogged my way through to my first order. I always found an answer, but it took a couple hours, the vendor doesn’t walk you through it.
The most frustrating part was having the right money on the wrong server, then getting it to the right server but not having “coins” to move it or swap it or send it on the new server. If the eth server didn’t tell me invalid address I would have sent the money into the void. I goggled why would the eth server sending address say invalid, and resulting articles told me I was probably on the wrong server, and I was.
It's a good thing you got the warning before sending! Coinbase is happy to send your crypto into oblivion using their "base" network. They've confused the issue further naming their wallet Base as well.jordekorn said:
Once PayPal is set up ACH things become more instantaneous. (Depending on your state) You'll look back on this as a learning experience. Exodus is good about preventing incompatible transactions.
I’m going through my own learning curve on crypto. Check out the post pinned in this crypto forum.
How much of both (Sol and Eth) do you typically keep in Exodus? I'm having a hell of a time purchasing crypto - Chase it not letting me fund anything, including Paypal - so I want to buy a prepaid Visa card. I have no concept of how much gas money I will need generally.keangkong said:
Edit: I just rechecked STG "Crypto 101" and got my answer for Sol (~$10). Is it the same for Eth?
I bought total of 4 diff prepaid Visa cards & tried to load intoPayPal. With the exception of 1 ppc, I couldn't get them to load intoPayPal. Called the Pre-paid card vendor & learned they dont allow the card to be loaded into Ppl aylal.
So I researched which pre-paid cards can be loaded into PP & went out into the world in search of one. Sure enough I was able to load the $500 into PP; however, I couldon't pay the $485 invoice from vendor. Called pre-paid card co & they said it was PP's fault $$ wasnt going thru.
So i called PP & they said it was card company not allowing the transaction to go thru. Soooooooo I called the card company again & this time they told me that they stopped allowing their cards to be uploaded into PP. I explained that the $500 from their card was already loaded into PP. Fella told me that they reversed the funds & funds are back on my card.
Not sure what's going on, if anything....it's just weird to me that PP stopped selling physical prepaid cards at stores & I was u successful in finding a prepaid Visa that I could load into PP & pay my vendor.
Let me know if you are able to load ppc into PP. I am curious if problem was because I was trying to pay for goods/services instead of loading into their crypto. Totally new to me.
Sorry for my long winded story..wish you the best
So I researched which pre-paid cards can be loaded into PP & went out into the world in search of one. Sure enough I was able to load the $500 into PP; however, I couldon't pay the $485 invoice from vendor. Called pre-paid card co & they said it was PP's fault $$ wasnt going thru.
So i called PP & they said it was card company not allowing the transaction to go thru. Soooooooo I called the card company again & this time they told me that they stopped allowing their cards to be uploaded into PP. I explained that the $500 from their card was already loaded into PP. Fella told me that they reversed the funds & funds are back on my card.
Not sure what's going on, if anything....it's just weird to me that PP stopped selling physical prepaid cards at stores & I was u successful in finding a prepaid Visa that I could load into PP & pay my vendor.
Let me know if you are able to load ppc into PP. I am curious if problem was because I was trying to pay for goods/services instead of loading into their crypto. Totally new to me.
Sorry for my long winded story..wish you the best
Get exodusIused2bCool said:
you will be cool again 
I definitely have a lot to learn about crypto and it's giving me anxieties 
How do you put $ into exodus? Thru pre-paid credit/debit card or use own CC/DC?byefatlicia said:Get exodus
It took me a year to try, I was so anxious. But the guide that's floating around the forum on how to buy through PayPal and move to exodus (never transfer from PayPal right to a vendor!) was a lot simpler than I thought it would be.HRH_IceQueen said:I definitely have a lot to learn about crypto and it's giving me anxieties
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