10 years in Crypto here to help

[mfc51]

Good work it'll get easier from here.

Ok, now I have the BTC in the exodus wallet, but when I tap on the wallet icon, nothing happens.....

 

[mfc51]

Ok, now I have the BTC in the exodus wallet, but when I tap on the wallet icon, nothing happens.....

So I am currently unable to transfer for some reason, it shows the btc I have, just won't let me access to it

 

[mfc51]

Any advise????

 

[tubby]

I currently have my bank account, my debit card, and my PayPal account all linked. The limit using my bank account or my PayPal account isn't an issue, it's well above what I would normally purchase at one time. My shock came when it said that I have a limit of $50 weekly when I use my debit card, and currently it says $0 even though I only did a small test purchase of $20. What the heck?
Crypto is very new to me, so it's probably a good thing that I have some guardrails in place that are keeping me from going on a spending spree. 😆

I hesitate to recommend Cashapp, but to their credit, their initial debit and transfer limits are somewhat less ridiculous than Coinbase. Just make sure you review both the debit and the BTC blockchain send limit (not to be confused with "lightening") on your account to avoid being surprised and find yourself holding BTC that is locked away in the app.

It's also possible that a wire transfer to Coinbase might clear faster than a standard bank account transfer, if you get truly desperate (although I'm not positive on the timeline there for a new account).

"Cooling off" period really is the best suggestion, though. Gives you a little more time weighing your options before diving into the deep end, which you don't realize you likely need right now.

 

[New2ton]

I hesitate to recommend Cashapp, but to their credit, their initial debit and transfer limits are somewhat less ridiculous than Coinbase. Just make sure you review both the debit and the BTC blockchain send limit (not to be confused with "lightening") on your account to avoid being surprised and find yourself holding BTC that is locked away in the app.

It's also possible that a wire transfer to Coinbase might clear faster than a standard bank account transfer, if you get truly desperate (although I'm not positive on the timeline there for a new account).

"Cooling off" period really is the best suggestion, though. Gives you a little more time weighing your options before diving into the deep end, which you don't realize you likely need right now.

Very true. I’ve got a few months until my current stash of Tirz runs out, so I’ll probably just keep researching vendors until I’m down to one vial. I have a few vendors already in mind, but I really don’t love the idea of needing to purchase from the previous direct to consumer vendor I used. I thought I got a great deal at the time, but now realize there are other’s that are 1/3 the cost.

 

[mfc51]

Good work it'll get easier from here.

Ok I wish I could say it is now easier, but I'm still having problems. I did finally get all ready and tried to send a small amount of BTC to ABC and it said the address was invalid, I scanned it in so no typos. It is very long. How can you tell if the vendor is in sync with your wallet?

 

[Cdub100]

Ok I wish I could say it is now easier, but I'm still having problems. I did finally get all ready and tried to send a small amount of BTC to ABC and it said the address was invalid, I scanned it in so no typos. It is very long. How can you tell if the vendor is in sync with your wallet?

It's probably not a complete address. Ask for the actual address so you can copy past it over

As for it being long yeah all crypto is like that. I usually check the first 4 and last 4 to make sure I have the address correct

 

[Crumplestiltskin]

Can I make sure I'm getting this process right?
1. I buy BTC using Paypal
2. That gets sent to my Exodus wallet
3. Once that amount lands in Exodus, I can now use for purchase
Suppose I'm doing a $300 purchase, do I need to send more coin to Exodus to cover any fees? Or will those fees occur during the PayPal purchase leg of the process?

 

[Cdub100]

Can I make sure I'm getting this process right?
1. I buy BTC using Paypal
2. That gets sent to my Exodus wallet
3. Once that amount lands in Exodus, I can now use for purchase
Suppose I'm doing a $300 purchase, do I need to send more coin to Exodus to cover any fees? Or will those fees occur during the PayPal purchase leg of the process?

Yes you should send a little extra to cover gas fees.

One concern I have with people using bitcoin is if you're going to hold on to it for more than a day or two. Bitcoin price fluxuiate quiet a bit. Which is why people use stable coins.

You might be better off buying PYUSD Paypals stable coin send that to exodus and swap for USDC or USDT then send that over instead.

 

[Crumplestiltskin]

Yes you should send a little extra to cover gas fees.

One concern I have with people using bitcoin is if you're going to hold on to it for more than a day or two. Bitcoin price fluxuiate quiet a bit. Which is why people use stable coins.

You might be better off buying PYUSD Paypals stable coin send that to exodus and swap for USDC or USDT then send that over instead.

Thank you! That's super helpful info.
Ok, maybe you can help with this: I had bought $1 SOL on Paypal to experiment; the purchase went fine, but when I tried to transfer it to Exodus, I keep getting an error message from payPal: "Not available in your region." I've done all the verification on PP necessary, and tech support wasn't sure why this is happening.

 

[yrrdead]

Yes you should send a little extra to cover gas fees.

One concern I have with people using bitcoin is if you're going to hold on to it for more than a day or two. Bitcoin price fluxuiate quiet a bit. Which is why people use stable coins.

You might be better off buying PYUSD Paypals stable coin send that to exodus and swap for USDC or USDT then send that over instead.

Same thing would apply to Venmo? Buy PYUSD send to exdodus then swap for whichever stable the vendor prefers? Is there any settling or gas fees when swapping between stables in Exodus? I've only ever bought bitcoin in Coinbase then transferred to a cold wallet so this is new to me.

Appreciate the thread.

 

[Cdub100]

Same thing would apply to Venmo? Buy PYUSD send to exdodus then swap for whichever stable the vendor prefers? Is there any settling or gas fees when swapping between stables in Exodus? I've only ever bought bitcoin in Coinbase then transferred to a cold wallet so this is new to me.

Appreciate the thread.

There will be a fee yes. You'll get a little less of what you're swapping too.

 

[Cdub100]

Thank you! That's super helpful info.
Ok, maybe you can help with this: I had bought $1 SOL on Paypal to experiment; the purchase went fine, but when I tried to transfer it to Exodus, I keep getting an error message from payPal: "Not available in your region." I've done all the verification on PP necessary, and tech support wasn't sure why this is happening.

Some states like NY really crack down on crypto. You also might have to wait for funds to settle on paypal first. You also might not have enough to transfer out.

Here's what grok says...

Key Details on PayPal's Crypto Features
PayPal allows users in the U.S. and U.S. territories to buy, sell, hold, and transact with Solana (SOL), along with other assets like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Chainlink, and PayPal USD (PYUSD). However, the ability to transfer crypto out to external wallets has strong regional limitations due to regulatory requirements.
External transfers are explicitly enabled primarily for U.S. users, and even then, support for specific coins like SOL may be limited compared to core ones (e.g., BTC, ETH, LTC, BCH, and PYUSD often have clearer external transfer paths).
In many other countries, PayPal supports buying/selling/holding crypto in a more limited way (or not at all), and outgoing transfers to external wallets like Exodus are often blocked entirely, resulting in exactly the error you're seeing.
Some sources indicate that while SOL buy/sell/hold was added for U.S. users, external transfers for SOL specifically were not fully rolled out or remain unavailable in certain contexts, even in the U.S. (though PYUSD on Solana network is transferable).

 

[NNMama]

I’m feeling a bit stuck… I bought BTC in cash app to send to vendor, but cash app is giving me $1000/week limit. I sent the first $1000, but now have the rest I need to send for the order in cashapp, unable to send for another week, according to their limits. I need to get this order done- what should I do? Buy more BTC on coinbase? Moon pay? I keep hitting hurdles in this process and am feeling quite overwhelmed at what to do to get this order paid for and done. Thanks for any suggestions… please mansplain any advice. Crypto is way over my head and I’m completely lost.

 

[Crumplestiltskin]

Some states like NY really crack down on crypto. You also might have to wait for funds to settle on paypal first. You also might not have enough to transfer out.

Here's what grok says...

Key Details on PayPal's Crypto Features
PayPal allows users in the U.S. and U.S. territories to buy, sell, hold, and transact with Solana (SOL), along with other assets like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Chainlink, and PayPal USD (PYUSD). However, the ability to transfer crypto out to external wallets has strong regional limitations due to regulatory requirements.
External transfers are explicitly enabled primarily for U.S. users, and even then, support for specific coins like SOL may be limited compared to core ones (e.g., BTC, ETH, LTC, BCH, and PYUSD often have clearer external transfer paths).
In many other countries, PayPal supports buying/selling/holding crypto in a more limited way (or not at all), and outgoing transfers to external wallets like Exodus are often blocked entirely, resulting in exactly the error you're seeing.
Some sources indicate that while SOL buy/sell/hold was added for U.S. users, external transfers for SOL specifically were not fully rolled out or remain unavailable in certain contexts, even in the U.S. (though PYUSD on Solana network is transferable).

I'll try another way. PP customer service said it was due to 'security' reasons, and my account would not be allowed to transfer.
Althouggh the rates may be steeper, would buying through Exodus be a good second option? I'll also try buying PYUSD and see if i can transfer that.
Thanks so much for your help, by the way.

 

[Cdub100]

I'll try another way. PP customer service said it was due to 'security' reasons, and my account would not be allowed to transfer.
Althouggh the rates may be steeper, would buying through Exodus be a good second option? I'll also try buying PYUSD and see if i can transfer that.
Thanks so much for your help, by the way.

If you can buy through Exodus that's a good option too. IF you can open a coinbase account that could work.

Figure MArkets is a good place too. They are another publicaly traded company that has wonderful customer service.

Figure Markets: Earn & Borrow App - App Store

Download Figure Markets: Earn & Borrow by Figure Technologies Inc. on the App Store. See screenshots, ratings and reviews, user tips, and more games like Figure…

www.figuremarkets.com

 

[yrrdead]

If you can buy through Exodus that's a good option too. IF you can open a coinbase account that could work.

Figure MArkets is a good place too. They are another publicaly traded company that has wonderful customer service.

Figure Markets: Earn & Borrow App - App Store

Download Figure Markets: Earn & Borrow by Figure Technologies Inc. on the App Store. See screenshots, ratings and reviews, user tips, and more games like Figure…

www.figuremarkets.com

Would you agree with Tron and/or Sol being the lowest fee networks to use with USDT? Just trying to compare with what vendors take.

 

[Cdub100]

Would you agree with Tron and/or Sol being the lowest fee networks to use with USDT? Just trying to compare with what vendors take.

Yes.

Tron is massive in Asia. I think most take either. Honestly there's no reason not to,

 

[Phillyphill11]

I just wanted to come here and say thank you Cdub for starting this thread and sharing info with the community. I followed you suggestions and paying with BTC was almost(took 3 days to process on Coinbase) as easy as just putting in a credit card. I appreciate the help and knowledge!

 

[ftv10hb]

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.

Just want to make sure I understand since I am in the process of trying this for the first time as well:

I’ve deposited into Kraken, once the deposit clears I can buy whichever coin I am sending to a vendor, but I should not or can not send directly from Kraken? I should or have to send to my TrustWallet first and then to vendor from there?

Thanks in advance for the clarification and help!

 

[Cdub100]

Just want to make sure I understand since I am in the process of trying this for the first time as well:

I’ve deposited into Kraken, once the deposit clears I can buy whichever coin I am sending to a vendor, but I should not or can not send directly from Kraken? I should or have to send to my TrustWallet first and then to vendor from there?

Thanks in advance for the clarification and help!

That is correct.

You CAN send to the vendor directly from Kranken.
Pro - Less transfers, less gas fees
Cons - The government (through Kraken) might block the transfer and lock your account

Better send to trustwallet from Kranken then send to vendor.
Pro - Better privacy less risk
Cons - Extra transfer and gas fees (on Solana, we are talking pennies so not a big deal)

 

[Cdub100]

I just wanted to come here and say thank you Cdub for starting this thread and sharing info with the community. I followed you suggestions and paying with BTC was almost(took 3 days to process on Coinbase) as easy as just putting in a credit card. I appreciate the help and knowledge!

You're welcome!

I'm learning a lot about peptides from the community and this is one way I can give back.

 

[ftv10hb]

That is correct.

You CAN send to the vendor directly from Kranken.
Pro - Less transfers, less gas fees
Cons - The government (through Kraken) might block the transfer and lock your account

Better send to trustwallet from Kranken then send to vendor.
Pro - Better privacy less risk
Cons - Extra transfer and gas fees (on Solana, we are talking pennies so not a big deal)

Any thoughts on Krak? I saw it for the first time when I was cresting my Kraken account, it looks like it would allow p2p payments where we could convert $ to crypto for payment like any other currency or did I misunderstand how it works? My thinking was that it would allow us to just deposit $, convert to crypto, and send crypto to vendors without the usual hold times and some of the fees, provided we could convince the vendors to sign up to it. Let me know any thoughts/opinions or clarifications lol

 

[Cdub100]

Any thoughts on Krak? I saw it for the first time when I was cresting my Kraken account, it looks like it would allow p2p payments where we could convert $ to crypto for payment like any other currency or did I misunderstand how it works? My thinking was that it would allow us to just deposit $, convert to crypto, and send crypto to vendors without the usual hold times and some of the fees, provided we could convince the vendors to sign up to it. Let me know any thoughts/opinions or clarifications lol

It's a Venmo-type payment method. Honestly, I don't think it would work for what we are doing here. Chinese vendors aren't going to want to sign up for a Kraken payment system.

Unless you already have crypto on your exchange, you're going to have to wait when transferring money out.