Crypto transaction for a friend, what is my risk exposure?

[GalloB73]

Hi all,

I just started to use crypto, only done one transaction but ok so far but I'm feeling more confident about what I'm doing. I have a friend that wants to get into peptides, but he doesn't want to use crypto. He has pretty bad ADHD and when I started to explain the steps to him he shut down immediately!

For reasons I can't really go into, I can't be directly involved in supplying him with products, but I do want to help him out as he's struggling at the moment. He is going to get ripped off by resellers charging 4x what he could pay using crypto.

My question is, if he set up his order with a vendor and sent their wallet address to me and paid me in cash, if I used my crypto set up to pay the fee, what would my risk exposure be? I use Coinbase + Exodus.

Am I right in thinking the transaction could not be traced back to me and I could plausibly deny even if things went south with the friend?

Thanks all, just starting out so a bit paranoid at the mo!

EDIT: Someone very kindly reached out to me and gave me some advice. In my personal situation I'm not going to be doing this but I've pointed my friend to one of the guides listed here and I've offered to help him set up his crypto when he's ready. Thanks everyone!

 

[mraajr]

Literally all he has to do is get an Exodus account and send money to his wallet from Paypal, Venmo, Cashapp, etc. Every online guide I ever read made it seem like such a tedious process to get set up. It literally took me 5 minutes just doing it on my own.

 

[nonyabizznez]

Hi all,

I just started to use crypto, only done one transaction but ok so far but I'm feeling more confident about what I'm doing. I have a friend that wants to get into peptides, but he doesn't want to use crypto. He has pretty bad ADHD and when I started to explain the steps to him he shut down immediately!

For reasons I can't really go into, I can't be directly involved in supplying him with products, but I do want to help him out as he's struggling at the moment. He is going to get ripped off by resellers charging 4x what he could pay using crypto.

My question is, if he set up his order with a vendor and sent their wallet address to me and paid me in cash, if I used my crypto set up to pay the fee, what would my risk exposure be? I use Coinbase + Exodus.

Am I right in thinking the transaction could not be traced back to me and I could plausibly deny even if things went south with the friend?

Thanks all, just starting out so a bit paranoid at the mo!

EDIT: Someone very kindly reached out to me and gave me some advice. In my personal situation I'm not going to be doing this but I've pointed my friend to one of the guides listed here and I've offered to help him set up his crypto when he's ready. Thanks everyone!

Others doing exactly what you've outlined here are actual scammers so Yes! It does work! Only you are trying to be helpful. I think your horse needs to be able to at least walk to the water. You're setting yourself up to be their pivot point on all their peptide machinations and if successful it probably won't stop there.

Glad to see your Edit!

 

[GalloB73]

Others doing exactly what you've outlined here are actual scammers so Yes! It does work! Only you are trying to be helpful. I think your horse needs to be able to at least walk to the water. You're setting yourself up to be their pivot point on all their peptide machinations and if successful it probably won't stop there.

Glad to see your Edit!

Yeah you are so right! I was genuinely trying to help as he does struggle with this sort of stuff but I'm going to try and reframe it in a simpler way like @mraajr.20738 says. I've told him under no circumstances accept any crypto help for a random person on the internet.