Crypto for dummies?

rickyricardo said:
1. BTC has higher network fees than a coin like LTC so by starting with LTC you save some money in network fees.
2. Centralized exchanges, like Coinbase, partly manage their risk by tracking transactions on the blockchain, which are all mostly public on BTC. Sending BTC directly from the Coinbase wallet to Cain makes it so you have linked your identity, since they do KYC, to Cain's BTC wallet address. In centralized exchanges a lot of these CN vendors including vendors like Nexaph (even though I know they arent really CN) are blacklisted or considered high risk because of any number of reasons but mostly it's due to sactions, illegal activites, ect.. Being linked to any of these addresses will undoubtly raise the risk profile of your Coinbase account and potentially lead to closure. One way to decrease the likelyhood that your Coinbase account will be closed or deemed high risk is by sending the funds first to a non-custodial intermediary wallet such as Exodus or Cake Wallet before sending it to Cain. This will distance you from a blacklisted or high risk wallet but will not completely anonymize the transaction. For the purposes of most people, distancing alone should keep your Coinbase account in good standing.
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Ah, thank you for the added information. I want to start using payment with my crypto wallet with vendors, but still want to know more information (like this for example). I want to test the waters with a Nexaph order, since they might help guide me with the steps needed (better customer service in this area possibly?).
 
Here is what I do. I've been in crypto since 2017. I buy BTC on Cash app, then I transfer it to BiFrost wallet. From there, I send it to the vendor. That way my exchange account doesn't get flagged.
 
McFatty said:
Here is what I do. I've been in crypto since 2017. I buy BTC on Cash app, then I transfer it to BiFrost wallet. From there, I send it to the vendor. That way my exchange account doesn't get flagged.
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Does the price change of Bitcoin in between the time you place the order and sending it to the vendor change and affect the price you are actually paying?
 
lauranyc77 said:
Does the price change of Bitcoin in between the time you place the order and sending it to the vendor change and affect the price you are actually paying?
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Depends on the vendor. QSC requires stablecoin or if you prefer Bitcoin, you'll be quoted for specific Bitcoin amount with quote valid for 12 hours
 
stickfigure said:
Depends on the vendor. QSC requires stablecoin or if you prefer Bitcoin, you'll be quoted for specific Bitcoin amount with quote valid for 12 hours
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Many folks, including me, prefer using stablecoins (e.g., USDC or Tether USDT) for that reason. However, if you hold stablecoins, you won't experience a rapid increase in your asset value unless you add more. However stablecoins don't go down in value.
 
keangkong said:
I realized that if I bought through the grey market enough that I'd eventually pay and get nothing in return. I just didn't expect it would happen so quickly.
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People have still been seeing qsc packages magically showing up without warning. so hope still isn't lost.
 
zpped said:
People have still been seeing qsc packages magically showing up without warning. so hope still isn't lost.
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If that happens, all is forgiven. I recently had an SRY package for reta arrive and I already had more than a years worth of tirz (even assuming I stop taking reta). Thanks for the info.
 
McFatty said:
Here is what I do. I've been in crypto since 2017. I buy BTC on Cash app, then I transfer it to BiFrost wallet. From there, I send it to the vendor. That way my exchange account doesn't get flagged.
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What is a BiFrost Wallet?
 
peptideusername said:
@brentm Sending from the exchange is the easiest way to lose your account. It's like a speed run. The fact that you haven't been shut down yet is probably just good luck.

I have created a guide on how to buy USDT on Solana, using Exodus wallet and PayPal, for next to no fees. It's a step by step guide with pictures and lots and lots of people have used it and saved themselves a whole lot of money while keeping it as safe as possible with a self-custodial wallet.

I can't upload it here because the PDF is too large, so if you see this and want to take a look, message me on Discord. Otherwise, it's posted on Peppys in the crypto section.
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I used your guide for buying crypto from Paypal. However, when I tried to buy the PYUSD from inside Exodus, I received a message saying "Not available in your region." Then I tried sending buying PYUSD from a desktop browser. I bought $5 worth to test it. I then tried sending it to my Exodus wallet using the address provided for PYUSD Solana. That also didn't work. I received a similar message. I took screenshots of each message but they're nearly identical. I live in California.

I'm not sure why it's not working. Instead I ended up buying USDT Ethereum on Coinbase and sending them to Exodus. I suspect I'm not doing it in the most economically efficient way.

If there is a fix for what I'm experiencing, please let me know. You have a very clear guide. Thanks for putting it together. However, unfortunately, it didn't work for me.



1739311555264.png



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keangkong said:
I used your guide for buying crypto from Paypal. However, when I tried to buy the PYUSD from inside Exodus, I received a message saying "Not available in your region." Then I tried sending buying PYUSD from a desktop browser. I bought $5 worth to test it. I then tried sending it to my Exodus wallet using the address provided for PYUSD Solana. That also didn't work. I received a similar message. I took screenshots of each message but they're nearly identical. I live in California.

I'm not sure why it's not working. Instead I ended up buying USDT Ethereum on Coinbase and sending them to Exodus. I suspect I'm not doing it in the most economically efficient way.

If there is a fix for what I'm experiencing, please let me know. You have a very clear guide. Thanks for putting it together. However, unfortunately, it didn't work for me.
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Odd, I buy pyusd on exodus in california. I've bought $500 at least 7 or 8 times that way. Last time was only a couple weeks ago.
 
keangkong said:
I used your guide for buying crypto from Paypal. However, when I tried to buy the PYUSD from inside Exodus, I received a message saying "Not available in your region." Then I tried sending buying PYUSD from a desktop browser. I bought $5 worth to test it. I then tried sending it to my Exodus wallet using the address provided for PYUSD Solana. That also didn't work. I received a similar message. I took screenshots of each message but they're nearly identical. I live in California.

I'm not sure why it's not working. Instead I ended up buying USDT Ethereum on Coinbase and sending them to Exodus. I suspect I'm not doing it in the most economically efficient way.

If there is a fix for what I'm experiencing, please let me know. You have a very clear guide. Thanks for putting it together. However, unfortunately, it didn't work for me.



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Are you using a VPN or iCloud private relay? If your ip address puts you in a place that has stupid restrictions, you may run into that problem.
 
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