Noob question about wallets

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krsct

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I read that sending crypto from a source like Coinbase directly to a vendor in China can possibly result in blocking that account. The alternate suggestion was to send it from Coinbase to a wallet and then from the wallet to the vendor. What is the story with the wallet and how would you set one up? Thank you.
 
joseblo said:
Search and ye shall find:

Crypto Guide 10.21.25​
Is there some sort of crypto guide here? It looks like it's a pepcalc and glp plotter.
 
joseblo said:
Search and ye shall find:

Crypto Guide 10.21.25​

JKLIN said:
Is there some sort of crypto guide here? It looks like it's a pepcalc and glp plotter.
Place the bold letters above in the Search Bar and follow the threads for a new world of information.
 
krsct said:
I read that sending crypto from a source like Coinbase directly to a vendor in China can possibly result in blocking that account. The alternate suggestion was to send it from Coinbase to a wallet and then from the wallet to the vendor. What is the story with the wallet and how would you set one up? Thank you.
I used the Crypto Guide 10.21.25 the other day to make my first purchase. It was very thorough and user intuitive. For some reason it seems intimidating than it really it is.
 
maven8518 said:
Exodus. Buy on coinbase. Recieve on Exodus. Send from Exodus to seller. Best thing to note is that buying from coinbase you wont be able to transfer for at least 7 days in many circumstances.
Yep, depending on bank debit card it's often 5 business days on CB and PP.

That means you can often start Sun night and have it Friday night. Not much better.
 
I'm still new to crypto, been learning about it for a couple months now and have a pretty solid understanding of "how to do it" for my soon-to-be first buy. I'm almost ready for my first crypto purchase, I think my time has been well-spent learning about it before jumping in.

My understanding is DO NOT, DO NOT send directly from where you purchase crypto even though they apparently offer the ability to do that. DON'T DO IT. Idk why exactly, it's what the pros have said in my readings, so good 'nuff for me. Get a separate wallet of your choice (Exodus for me).

Here's what I did first. In my online banking account I set up a second checking account and got a debit card with it (this will only be used to fund crypto, easy to keep track of and separate from the banking stuff). Then I got Exodus wallet and set it up (write down the 12 word secret key), you don't need to know anything/do anything crypto-esque to simply set up a wallet.

I was using my old PayPal account to buy PayPal's stablecoin PYUSD and sent that to Exodus, which required converting it to UDST, etc., once in Exodus. Moving forward, I'm just gonna use Coinbase, seems more straightforward. I'm not investing in, nor holding crypto, just making purchases and moving less than $150-200 at a time, so that works for me.

IMO the easiest way to move forward would be to open a free Coinbase account and fund it with the debit card. Then send that to Exodus. There are other "moving parts" to learn about, but it turns out to be fairly straightforward once you get a feel for the moving parts.
 
308fan said:
I recently set up an Exodus wallet and it was surprisingly easy. You can also swap cryptos in the wallet which is a really nice and convenient feature.
If you're not using the integrated Web3 tools like Jupiter and Wormhole, you'll pay excess fees, but at least it's simple.
 
Airborne Daddy said:
I use the camoflauge velcro wallet i had in 6th grade.
My god...you just gave me a flashback. I had one of those as well and thought it was sweet back in the day. I had forgotten it completely.
 
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