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?

 

[genpeptide]

Most payment processors utilize ethereum and bitcoin

 

[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.