Help!

[Itinerant]

Does anyone want to walk me through how to pay with Crypto?

I purchased some BTC in my paypal account and I have a QR code from a vendor... but scanning the QR code does nothing so I dont know how to send them the BTC.

 

[Calm Logic]

I'm not a big fan of PYUSD, at least with Exodus.

Exodus did not let me convert PYUSD to BTC, when I tried yesterday and days before.

I got the message: "PYUSD to BTC swaps are unavailable right now. Try changing one of the assets."

A similar complaint by a Redditor trying to swap from PYUSD to USDT.

Also, I was unable to transfer PYUSD from Exodus to PayPal, when I tried today. So I swaped the PYUSD in Exodus to SOL, and then transferred the SOL to PayPal.

 

[Dogmandu]

TLDR from a Crypto noob. This is what I did:

1. Open a Coinbase account.
2. Connect it to a bank account and transfer funds to Coinbase
3. Buy Bitcoin
4. Open an Exodus account (you send money from here, never from Coinbase)
5. Transfer bitcoin to your Exodus account
6. Pay vendor from Exodus account.

I'm sure there are simpler/better ways to do this (like connect Exodus directly to your bank, but that is becoming annoying). This got me in the game. With TikTokers flocking in and screaming about PayPal, payment options are dwindling. Learning this stuff is almost essential.

 

[Airborne Daddy]

TLDR from a Crypto noob. This is what I did:

1. Open a Coinbase account.
2. Connect it to a bank account and transfer funds to Coinbase
3. Buy Bitcoin
4. Open an Exodus account (you send money from here, never from Coinbase)
5. Transfer bitcoin to your Exodus account
6. Pay vendor from Exodus account.

I'm sure there are simpler/better ways to do this (like connect Exodus directly to your bank, but that is becoming annoying). This got me in the game. With TikTokers flocking in and screaming about PayPal, payment options are dwindling. Learning this stuff is almost essential.

I'm a dinosaur and 10 years ago I paid for steroids by sending the guy cash in the mail. Exodus is pretty simple at least the btc, I somehow made 2 purchases so anyone can.

 

[Morbius]

If I wanted to sock away some funds in a wallet for a future purchase, what coin is the best choice?

 

[nonyabizznez]

If I wanted to sock away some funds in a wallet for a future purchase, what coin is the best choice?

If you want stable coin USDT, USDC or PYUsd (so far from my inexperience).

 

[Riddi]

If I wanted to sock away some funds in a wallet for a future purchase, what coin is the best choice?

Stable coin is nice like nonyabizznez said as you won't need to worry about the value fluctuating but not sure if their experience is sending from wallet or some other service like exchange or app..

Using stables from a wallet may introduce some complexities you may not be ready to deal with yet..

From what i've seen from the vendors they seem to like BTC, LTC, Sol, and USDT and perhaps USDC. the difference between the first 3 and the last two (the stable coins) is that the stable coins run on Ethereum network so will require some ETH to be also in your wallet to pay the gas fee's to send them.

I'm not saying on an investment level that ETH is a bad buy, it is about to surprise the world shortly, but the user experience is very annoying. As the fee's (in ETH) range from highish to insultingly high. (anytime the network gets busy, like if the price is making a move up or down)

Here's the scenerio newer crypto user's may want to avoid..

You buy USDT or USDC at exchange (or an app) and want to send to wallet, (make sure you send out on correct network or you have bigger problems)

you send it to your wallet.. the fee kinda sucked but it arrived. Now you try to send out of wallet but you can not because you have no ETH in the wallet to pay for another sucky fee..

Your stable coins are now hostage..

solution: you must go back to exchange and buy some ETH.. (make sure it's enough to pay a higher than expected fee in case the network get busy while you are doing all this)

pay another sucky fee to send it to your wallet. now you've earned the right to pay another sucky fee to send your stable to whoever.

Many may not be expecting this as sending things off exchanges is done seemlessly paying the fee to exchange in whatever you are sending.

To avoid this just stick with BTC, LTC, or Sol as they pay their fees in themselves so no need to bother (as much) about networks and (at all) about seperate currencies to pay fees.

I'd go with BTC personally Litecoin and Solana are more volitile on price while Bitcoin more stable, and since you mention storing some for future, BTC has better odd's to be worth more when you go to use it, having turned you a profit, and perhaps starting you on another great transformative journey towards personal financial freedom and a truely grand retirement one day. Hope this helps. Good luck!

 

[Meatlover255]

I was finally able to order with crypto yesterday, after trying for weeks.

What worked:

1. Open a Coinbase account and verify my identity and link my bank account.
2. Buy USDC.
3. Wait longer than I expected for them to release the hold.
4. Convert $3 USDC to ETH.
5. Download Exodus and under ETH get the address to receive.
6. Send $2 of ETH from Coinbase to Exodus. Make sure it works.
7. Send how much USDC the vendor wants from Coinbase to the same ETH address in Exodus.
8. Finally get USDC ETH network address from rep, and sent the crypto.

The fees were $0.39 total. No fee to buy the USDC, $0.23 to Exodus, and $0.16 to vendor.

What didn’t work:

• Paypal and Venmo. I could buy crypto but it was impossible for me to transfer it. It acted like it would let me but I got system errors and could not find any customer support for it, their AI just sent me to the same link that gave a blank webpage.

It looks like most vendors take USDC, but I am curious what I would need to do for USDT (that every vendor seems to take)?

 

[nonyabizznez]

Stable coin is nice like nonyabizznez said as you won't need to worry about the value fluctuating but not sure if their experience is sending from wallet or some other service like exchange or app..

I always pay from my wallet swapping to vendor's preference before making purchase. Good of you to point out the network importance. Coinbase lures you with their "free" Base network that no vendor accepts.

It looks like most vendors take USDC, but I am curious what I would need to do for USDT (that every vendor seems to take)?

You'd follow the same excellent outline of steps you did acquiring USDC instead buying Tether (USDT).

The ability to use some of the exchanges and PayPal is state specific. For PayPal I had to reinstall the app and sit on some PYUsd for a few days. Now I can buy PYusd in PayPal and have it ready to go in my wallet in less than a couple minutes.

 

[Riddi]

I was finally able to order with crypto yesterday, after trying for weeks.

What worked:

1. Open a Coinbase account and verify my identity and link my bank account.
2. Buy USDC.
3. Wait longer than I expected for them to release the hold.
4. Convert $3 USDC to ETH.
5. Download Exodus and under ETH get the address to receive.
6. Send $2 of ETH from Coinbase to Exodus. Make sure it works.
7. Send how much USDC the vendor wants from Coinbase to the same ETH address in Exodus.
8. Finally get USDC ETH network address from rep, and sent the crypto.

The fees were $0.39 total. No fee to buy the USDC, $0.23 to Exodus, and $0.16 to vendor.

What didn’t work:

• Paypal and Venmo. I could buy crypto but it was impossible for me to transfer it. It acted like it would let me but I got system errors and could not find any customer support for it, their AI just sent me to the same link that gave a blank webpage.

It looks like most vendors take USDC, but I am curious what I would need to do for USDT (that every vendor seems to take)?

Sounds like you made out really good on the fees. I mostly use Binance exchange, which is great for trading fees but they tend to ding me a couple bucks every time I need to send off some eth. It may be related to amounts sent though. The worst part is when you get farther down the rabbit hole and need to swap one coin for another and since a swap entails several operations the fees start approaching $50 or even higher on ETH vs a few cents on other networks.

I love some of the the other networks like Avalanche, Polygon, and Base with with 1 cent or less fees. (cant remember if base is fee-less even)

Exodus is a great wallet. The first one i started to use for my crypto journey. I haven't used it much lately but recently needed to and noticed it has hardware wallet wallet integration that can work with my setup so i'll likely get that going. I also noticed their company went public on the NYSE recently. good for them!

 

[GLP1Pharmacist]

I keep getting I can't do anything with the PYUSD I bought in Paypal - " no allowed in your region"? Any suggestions, paypal help was worthless.

 

[Riddi]

I always pay from my wallet swapping to vendor's preference before making purchase. Good of you to point out the network importance. Coinbase lures you with their "free" Base network that no vendor accepts.

You'd follow the same excellent outline of steps you did acquiring USDC instead buying Tether (USDT).

The ability to use some of the exchanges and PayPal is state specific. For PayPal I had to reinstall the app and sit on some PYUsd for a few days. Now I can buy PYusd in PayPal and have it ready to go in my wallet in less than a couple minutes.

Oh yah, I was thinking Base was free then i saw you mentioned it. That's pretty cool.

Good point about the jurisdictions.. One time a few years ago I was actually trying to use the Exodus DEX to swap a coin and It wouldn't let me. I was able to resolve it by using a vpn. This may be different for users using a credit card to actually buy crypto on Exodus (which i just read here is a thing now) Wow, Exodus wallet has come a long way.