crypto for idiots (aka me) lol

[skbioglow]

I've read a few posts about crypto tips here, but I've slept since then and can't remember where I saw them. Lol but from what I can remember, I think a lot of people said they bought the crypto in PayPal and then transferred it to an Exodus wallet -- this seemed to be what most people said was easiest. What are your thoughts? THANK YOU!

 

[Rolltide61]

What is the most used currency? Bitcoin or do different vendors use different crypto?

 

[Cdub100]

What is the most used currency? Bitcoin or do different vendors use different crypto?

The 3 I've used took multiple coins. I prefer USDC on the Solana network. Fastest and cheapest IMO.

 

[Rolltide61]

I'm about to do my first transaction on Crypto.com. Dude wants USDT on Solana network. Can you recommend a youtube video or give me an idea on how to do it? I'm a little stressed about this. I don't want to screw up.

 

[Sid the SeaGull]

if you are in communication with your vendor via email or otherwise, perhaps arrange a small test transaction, you send an amount, if the verify receipt and can tell you the amount you have verification that the test transfer was done correctly.

 

[swimmer]

I think the most simple way is to buy Bitcoin on Cashapp then send it to a non custodial wallet (I use muun wallet) and send it to vendor.

When you first use bitcoin on cash app you have to jump through some hoops to verify who you are but that is only the first time.

I have never seen a vendor not take BTC. No worry about the correct chain or funding transaction with other crypto. The price of sending btc is 40 cents on average now. It might take 20 minutes for the transaction to be confirmed but that is nothing when you have to wait for shipping anyways. The best deals are always the vendors that take only crypto.

 

[Cdub100]

I'm about to do my first transaction on Crypto.com. Dude wants USDT on Solana network. Can you recommend a youtube video or give me an idea on how to do it? I'm a little stressed about this. I don't want to screw up.

View: https://youtu.be/R62nLV0N1x0?si=rTTELypqbrZG92hc

Buy USDT and when you send it that's when you will pick what network you want to use.

It's recommend you send it to a warm wallet like phantom or Exodus after you buy it. Major exchanges have blocked funds going to know peptide address.

 

[Sasquatch]

It's recommend you send it to a warm wallet like phantom or Exodus after you buy it. Major exchanges have blocked funds going to know peptide adaddress.

So this is why the extra step, shuffling to the Exo wallet? And why you don't just use the PayPal wallet. Everyone's tight-lipped about this

 

[redhead]

I tried to buy 5 USDT on crypto.com as a test and it keeps failing. Im so put off by crypto - and the many hoops ugh. Why is this hard?!?

 

[Sid the SeaGull]

And why you don't just use the PayPal wallet.

I guess it provides an isolation step and is a "method" to ensure anonymity for transactions.

Each to their own as to why they may choose to enhance their anonymity.

 

[swimmer]

So this is why the extra step, shuffling to the Exo wallet? And why you don't just use the PayPal wallet. Everyone's tight-lipped about this

Paypall has custody of the crypto in their wallet. They think they are protecting you from sending crypto to a dangerous crypto address by stopping it. They have lists of "dangerous" addresses that might be selling "dangerous" peptides.

 

[Cdub100]

I tried to buy 5 USDT on crypto.com as a test and it keeps failing. Im so put off by crypto - and the many hoops ugh. Why is this hard?!?

The issue is with the legacy banking system. They set up systems to block what they consider scam payments.

I've used crypto.com and have had good luck. Connecting your bank account is probably the best way because CC probably won't work and sometimes the bank won't let you use your debt card.

Remember it's not crypto it's the banks

 

[Gr33dyOctopus]

I have Chase bank and have steuggled mightily. Its hella frustrating. Can i load up a disposable card with cash to tey again? Or can i go.through privacy.com somehow?

 

[Gr33dyOctopus]

I have Chase bank and have steuggled mightily. Its hella frustrating. Can i load up a disposable card with cash to tey again? Or can i go.through privacy somehow?

 

[Cdub100]

Paypall has custody of the crypto in their wallet. They think they are protecting you from sending crypto to a dangerous crypto address by stopping it. They have lists of "dangerous" addresses that might be selling "dangerous" peptides.

This is correct.

The problems people have are due to the banks "protecting" you.

 

[Cdub100]

I have Chase bank and have steuggled mightily. Its hella frustrating. Can i load up a disposable card with cash to tey again? Or can i go.through privacy.com somehow?

A disposable card should work. Give it a try.

If using a disposable card I would go straight to Exodus, or phantom.

The best rate will be on jup.ag which is a Solana exchnage and a lot more loose than CDC, coin base etc...

 

[Sasquatch]

This 'gift card' thing has me intrigued. Don't need the card, just the number. There needs to be a USDC/T card. Or is there?

 

[dogmom]

I buy crypto on coinbase and just transfer it to an exodus wallet and then pay people from the wallett. Coinbase is super easy. The only thing is there is a 7 day waiting period if you first sign up or if you change any details in your account (for example, I got a new laptop and had a new ip and I had a 7 day waiting period put on me before I could transfer bitcoin out).

 

[Crumplestiltskin]

A disposable card should work. Give it a try.

If using a disposable card I would go straight to Exodus, or phantom.

The best rate will be on jup.ag which is a Solana exchnage and a lot more loose than CDC, coin base etc...

So, I could potentially load $300 on a visa gift card, then purchase coin through Exodus? Or I guess add some extra dollars for fees?

 

[thatsrich]

So this is why the extra step, shuffling to the Exo wallet? And why you don't just use the PayPal wallet. Everyone's tight-lipped about this

Security through obscurity? My KYC exchange account knows who I am and where I live, information the government can request from them. My external wallet could be anyone as I don't need any details when signing up? No one can ask me questions about buying from an address that is linked with whatever they suspect.. when my money only goes to another wallet that isn't directly linked to me.