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!
crypto for idiots (aka me) lol
- Thread starter skbioglow
- Start date
Rolltide61
GLP-1 Apprentice
What is the most used currency? Bitcoin or do different vendors use different crypto?
genpeptide
Recently Joined
Most payment processors utilize ethereum and bitcoin
The 3 I've used took multiple coins. I prefer USDC on the Solana network. Fastest and cheapest IMO.
Rolltide61
GLP-1 Apprentice
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
GLP-1 Novice
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.
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.
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.
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.
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
Recently Joined
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
GLP-1 Novice
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.
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.
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
GLP-1 Enthusiast
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
GLP-1 Enthusiast
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?
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...
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
GLP-1 Novice
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?
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.
Binance has them. You can buy USDT or USDC.
I believe that might work, yes
joseblo
GLP-1 Enthusiast
Because many of the standard KYC wallets (PayPal, Coinbase, etc) will close down your account and/or lock funds if they discover you are purchasing peptides. You don't control your money there.
Just to be clear. Almost all crypto (other than private chains like Monero XMR) are on a public ledger. In other words, if the government knows your exchange address, they can easily find any other wallet to which you send your cryptocurrency.
It's why I always laughed when people said criminals use crypto. The government loves it when they use it because they can track every last cent in seconds.
Does the government care you are buying some reta for your personal use? No not really. But they will shut down suppliers so it's best to send crypto off the exchange to a warm wallet so you don't lose your exchange account.
joseblo
GLP-1 Enthusiast
Yep, you need an account that won't block crypto purchases. That's why Paypal, Binance, CashApp and others are popular. Chase is particularly bad about blocking transfers. Wellsfargo sometimes does.
I'd also note that I've found crypto.com to charge pretty high fees >1% for buying stable coins. That's another reason people buy them elsewhere. Exodus will do purchases and conversions internally, but it will be another few%. 😒
I obviously know it's a public ledger. The point is a KYC exchange wallet is quite literally verifiable tied to you by your identity documents, a secondary wallet in the middle is not and isn't necessarily yours. Proving it is would be more work which they're not doing. The KYC element is free. If anyone tracks payments to the vendors wallet, the first address they see is one that they can't instantly say is yours. You're right maybe they don't care, but that's different country to country and it's not a whole lot of effort.
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Crumplestiltskin
GLP-1 Novice
One more question, as I am totally new to crypto:
I can't just purchase coin on Paypal (like SOL or BTC), and then transfer to Exodus, right? I just attempted it with $1, and was told "not available in your region."
I have to move the coin through something like Coinbase?
I can't just purchase coin on Paypal (like SOL or BTC), and then transfer to Exodus, right? I just attempted it with $1, and was told "not available in your region."
I have to move the coin through something like Coinbase?
joseblo
GLP-1 Enthusiast
Most locations will allow transfers on Paypal after they do KYC, and I don't (want to) know where you are. Paypal and Coinbase aren't that different in terms of region restrictions, but they have different stable coins (PYUSD, USDC) which can both the transacted on the /sol blockchain. You just have to conver to what the vendor wants (and USDC is more common). Lookout for fake coins getting sent to you though (pelase send me back scam). People can and do create fake coins (wrong contract#) on Solana. Exodus (et al) will detect it and put it in a different wallet slot, but check and make sure it shows up in the right place (which you don't really need to do with the big KYC vendors).
Yeah each contry is different.
Also, I'm talking to everyone, not specifically you. There are a lot of new people to crypto, so I try and avoid any misunderstandings. No offense.
joseblo
GLP-1 Enthusiast
Sorry, I didn't really address your main question with my first answer.
Yes, normally you should be able to purchase SOL and PYUSD in Paypal (or USDC on Coinbase) and directly transfer to the Exodus wallet Sol address. If you can't you've got some sort of location restriction (more often there's a time restriction when coming from a debit card/account).
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