10 years in Crypto here to help

[Cdub100]

Hey everyone. I'm new to Peptides, but NOT new to crypto.

I'm happy to help and answer any questions you might have.

 

[swimmer]

Welcome!!
I have been using crypto for more than 10 years too!!
It is my favorite form of payment.

 

[Cdub100]

Welcome!!
I have been using crypto for more than 10 years too!!
It is my favorite form of payment.

I was mining Dogecoin back in the day. Like most things in crypto I wish I had mined/bought more.

 

[frankpeptid]

I hate crypto fees. Any suggestions on CHEAPEST way to get money from my bank to end user merchant is appreciated.

 

[Cdub100]

I hate crypto fees. Any suggestions on CHEAPEST way to get money from my bank to end user merchant is appreciated.

It depends on what the vender takes and how long you're willing to hold the crypto.

USDC/USDT are the most stable. The problem is most people use the ETH network to send them which cost a lot.

Onbe way around that is those stable coins (USDC/USDT) can be sent on Base, SOL AVAX network. Those are much cheaper to use. That being said you better make sure they know and the vendor gave you the network address. Because if you send SOL USDC to a ETH USDC address it is lost forever.

SOL can have big price movements, but is super cheap (pennies to send) and fast.

What I would do is open a major exchange account on coinbase, CDC, kraken etc... A place you can connect your bank to and not worry. Deposit some cash and let it sit there until it clears the ach transfer. Then you can buy whatever the vendor wants and move it to a warm wallet before sending it to them.

BL

BTC/ETH - More expensive network fees
SOL/AVAX/POLY etc... - Cheaper fees.

 

[swimmer]

I wish these Chinese vendors would accept BTC lightning. So much more simple than dealing with stable coins. Super fast and super cheap.

 

[Cdub100]

I wish these Chinese vendors would accept BTC lightning. So much more simple than dealing with stable coins. Super fast and super cheap.

I just placed an order using Solana and it was super easy.

Bought on coinbase.
Sent to Phantom wallet
Sent to vendor.

Cheap easy and super fast. They got it in seconds rather than minutes.

 

[swimmer]

True. Fees and speed have always been good with Sol. A lot of people have been using it lately. I have always converted it to btc. I just checked and one of my vendors say they take usdc on Solana. I wonder if they will take straight sol. I will check on my next order.

 

[Cdub100]

True. Fees and speed have always been good with Sol. A lot of people have been using it lately. I have always converted it to btc. I just checked and one of my vendors say they take usdc on Solana. I wonder if they will take straight sol. I will check on my next order.

USDC on Sol is also sent cheaply. So that's good to use too. Make sure you buy the correct USDC and send it on the SOL chain.,

 

[Calm Logic]

USDC on Sol is also sent cheaply. So that's good to use too. Make sure you buy the correct USDC and send it on the SOL chain.,

In Exodus, I will buy PYUSD-SOL and convert to USDC-SOL. It is significantly cheaper that way for most payment options, except Robinhood maybe.

 

[Cdub100]

In Exodus, I will buy PYUSD-SOL and convert to USDC-SOL. It is significantly cheaper that way for most payment options, except Robinhood maybe.

I assume you're buying PYUSD on PayPal and moving it over?

Since you're using Solana I like to use Phantom wallet. But use whatever you're comfortable with. GL