PayPal / USDT / Solana Crypto Guide 10.21.25

[peptideusername]

Back in the day (a little over a year ago), people were spending $10-$30+ to buy crypto to pay for their peptides. In my infinite cheapness, I sought a different, i.e. cheaper way to do it.

That's when I discovered that you can use PayPal to buy crypto, specifically USDT/USDC on Solana, for no fee. However, since putting this together, PayPal has instituted a 1.5% fee when buying through Exodus Wallet. It's a minimal fee and not bad if you value the convenience.

This crypto purchase method allows you to purchase stable coins, which are pegged to the US Dollar, and convert to other stable coins on the Solana chain, which completely avoids market volatility. You can't profit with these coins, but you can't really lose value either.

You may have seen a version of this elsewhere, but this in the most updated version.

Please let me know if you have any questions! I've been answering them for over a year so I'm sure I've heard it before and probably have an answer!

 

[cheaperseeker]

Thanks for sharing!

 

[Coulter1966]

Thank You, Thank You, Thank You. I keep getting confused with all the payment types. This instructional appears easy enough for even me to follow.

 

[dgoldrich]

Thank you for taking the time to put this together...I know it will help a ton of people including myself

 

[randompersonrandom]

I used an older version of this to learn how to do crypto, and am about to make my first with-crypto purchase using it this week!

 

[Mr. Blonde]

Back in the day (a little over a year ago), people were spending $10-$30+ to buy crypto to pay for their peptides. In my infinite cheapness, I sought a different, i.e. cheaper way to do it.

That's when I discovered that you can use PayPal to buy crypto, specifically USDT/USDC on Solana, for no fee. However, since putting this together, PayPal has instituted a 1.5% fee when buying through Exodus Wallet. It's a minimal fee and not bad if you value the convenience.

This crypto purchase method allows you to purchase stable coins, which are pegged to the US Dollar, and convert to other stable coins on the Solana chain, which completely avoids market volatility. You can't profit with these coins, but you can't really lose value either.

You may have seen a version of this elsewhere, but this in the most updated version.

Please let me know if you have any questions! I've been answering them for over a year so I'm sure I've heard it before and probably have an answer!

Dude, this is great! We all need to toss this guy a vial of his favorite pep on the house!

 

[fatty33]

I’m getting stuck here. It won’t let me add my state. Any ideas? I’m in Michigan

 

[mlke6]

I wish more vendors took usdc base. Basically Free on coinbase to purchase and send.

 

[Glowworm]

I have done the method you describe for one of my previous purchases. The vendors I have used required USDT tron network, making me convert it from the sol network. I wish they would all conform to the same network type to make it easier.

 

[peptideusername]

I’m getting stuck here. It won’t let me add my state. Any ideas? I’m in Michigan

That's a new one to me, sorry! I'm not sure and honestly it could be a hundred different things.

 

[randompersonrandom]

If you are SO very brand new to crypto, you might have an unexpected pause of several days when you get to the "send your PYUSD to the Exodus wallet" part, if you've bought it using your bank. PYUSD bought using your bank instead of a debit card may take several days to clear, so it shows that you have it, but you can't send it anywhere. That's happening for me right now, which is no big deal; I could ALWAYS use help slowing down my purchases, and I don't need my SS-31 for a few weeks anyway. Mentioning it only to save anyone that "all dressed up and no place to go" sad-trombone if you don't account for it!

 

[arron9999]

Is there any advice on how to do this process in the UK? I have tried but exodus says it isnt available in the UK at the moment.

 

[BooneDonk]

Is there any advice on how to do this process in the UK? I have tried but exodus says it isnt available in the UK at the moment.

You try a VPN connection? Have heard others say that in UK.

 

[fatty33]

That's a new one to me, sorry! I'm not sure and honestly it could be a hundred different things.

I found another way to by pass my issue but now I have tried twice to use credit card to purchase and both failed. I first tried chase but remembered another forum member having trouble with chase and then I tried bank of america and same thing happened. I am wondering if I can just use my ledger for the transaction to purchase with crypto? or at the very least try to send sol to the exodus wallet from my ledger. which is kind of a stupid question.....

 

[keangkong]

Back in the day (a little over a year ago), people were spending $10-$30+ to buy crypto to pay for their peptides. In my infinite cheapness, I sought a different, i.e. cheaper way to do it.

That's when I discovered that you can use PayPal to buy crypto, specifically USDT/USDC on Solana, for no fee. However, since putting this together, PayPal has instituted a 1.5% fee when buying through Exodus Wallet. It's a minimal fee and not bad if you value the convenience.

This crypto purchase method allows you to purchase stable coins, which are pegged to the US Dollar, and convert to other stable coins on the Solana chain, which completely avoids market volatility. You can't profit with these coins, but you can't really lose value either.

You may have seen a version of this elsewhere, but this in the most updated version.

Please let me know if you have any questions! I've been answering them for over a year so I'm sure I've heard it before and probably have an answer!

Back in the day (a little over a year ago), people were spending $10-$30+ to buy crypto to pay for their peptides. In my infinite cheapness, I sought a different, i.e. cheaper way to do it.

That's when I discovered that you can use PayPal to buy crypto, specifically USDT/USDC on Solana, for no fee. However, since putting this together, PayPal has instituted a 1.5% fee when buying through Exodus Wallet. It's a minimal fee and not bad if you value the convenience.

This crypto purchase method allows you to purchase stable coins, which are pegged to the US Dollar, and convert to other stable coins on the Solana chain, which completely avoids market volatility. You can't profit with these coins, but you can't really lose value either.

You may have seen a version of this elsewhere, but this in the most updated version.

Please let me know if you have any questions! I've been answering them for over a year so I'm sure I've heard it before and probably have an answer!

Stablecoins are good idea for another reason: If you are a US citizen, you are required to file a tax return (1) stating whether you owned or used crypto in the last year and (2) showing any interest that you earned from crypto. The real problem, at least for me, is not paying those taxes, which would not amount to much. The real problem is that the math and tracking required to figure out what my crypto is worth on various days would take time. However, since I use a stablecoin and I receive that stablecoin for US dollars, I have no income from crypto. I simply check the box on the tax form that says I own crypto and then truthfully don't report any interest since stablecoins don't earn interest.

 

[Rejuvenateme000!]

I found another way to by pass my issue but now I have tried twice to use credit card to purchase and both failed. I first tried chase but remembered another forum member having trouble with chase and then I tried bank of america and same thing happened. I am wondering if I can just use my ledger for the transaction to purchase with crypto? or at the very least try to send sol to the exodus wallet from my ledger. which is kind of a stupid question.....

I use my paypal through exodus or coinbase then transfer. My credit union always flag any transaction.

 

[fatty33]

Stablecoins are good idea for another reason: If you are a US citizen, you are required to file a tax return (1) stating whether you owned or used crypto in the last year and (2) showing any interest that you earned from crypto. The real problem, at least for me, is not paying those taxes, which would not amount to much. The real problem is that the math and tracking required to figure out what my crypto is worth on various days would take time. However, since I use a stablecoin and I receive that stablecoin for US dollars, I have no income from crypto. I simply check the box on the tax form that says I own crypto and then truthfully don't report any interest since stablecoins don't earn interest.

how do you claim interest on crypto? Don't you have to spend it before you claim interest? makes no sense to me.

 

[Rejuvenateme000!]

Stablecoins are good idea for another reason: If you are a US citizen, you are required to file a tax return (1) stating whether you owned or used crypto in the last year and (2) showing any interest that you earned from crypto. The real problem, at least for me, is not paying those taxes, which would not amount to much. The real problem is that the math and tracking required to figure out what my crypto is worth on various days would take time. However, since I use a stablecoin and I receive that stablecoin for US dollars, I have no income from crypto. I simply check the box on the tax form that says I own crypto and then truthfully don't report any interest since stablecoins don't earn interest.

I usually don't even answer because I haven't made any real money, now I realize need to start doing it this way. I don't want to get in trouble.

 

[fatty33]

I usually don't even answer because I haven't made any real money, now I realize need to start doing it this way. I don't want to get in trouble.

Right. My bitcoin has increased but I am holding and not using or selling. Kind of like my retirement account....

 

[IshimaruKenta]

My state always asks me if I've bought things online from another state...nope, never. I only buy in my state. Mmhmm.

 

[keangkong]

how do you claim interest on crypto? Don't you have to spend it before you claim interest? makes no sense to me.

I actually don't remember. I remember when I looked up what to do, it looked quite complicated.

 

[ZippityDooDah]

how do you claim interest on crypto? Don't you have to spend it before you claim interest? makes no sense to me.

It's not interest, it's a ultimately considered capital gain on an investment. For anyone dealing with crypto through an exchange, they should have a way for you to download your transaction history for the year which should make things a lot easier for determining total gains/losses, etc.; it's recording the non-exchange stuff that can become messy (and make your accountant hate you). For folks using crypto solely to buy peptides and peptide accessories, it's unlikely that anyone is holding anything long enough for it to generate much of a gain.

 

[Zydeceltico]

....it's unlikely that anyone is holding anything long enough for it to generate much of a gain.

in my limited experience dabbling in trading crypto for a few years, one could just wait a few and lose plenty to offset gains - - LOL (mostly jesting)

 

[PRTIEYES80]

Back in the day (a little over a year ago), people were spending $10-$30+ to buy crypto to pay for their peptides. In my infinite cheapness, I sought a different, i.e. cheaper way to do it.

That's when I discovered that you can use PayPal to buy crypto, specifically USDT/USDC on Solana, for no fee. However, since putting this together, PayPal has instituted a 1.5% fee when buying through Exodus Wallet. It's a minimal fee and not bad if you value the convenience.

This crypto purchase method allows you to purchase stable coins, which are pegged to the US Dollar, and convert to other stable coins on the Solana chain, which completely avoids market volatility. You can't profit with these coins, but you can't really lose value either.

You may have seen a version of this elsewhere, but this in the most updated version.

Please let me know if you have any questions! I've been answering them for over a year so I'm sure I've heard it before and probably have an answer!

When I get to the part of buying the SOL it is asking for my Solana wallet address, in your guide it says it will have it filled out for you mine does not. Please help!

 

[fatty33]

When I get to the part of buying the SOL it is asking for my Solana wallet address, in your guide it says it will have it filled out for you mine does not. Please help!

Ok let’s see if I can help you. Is the first picture where you are stuck? If so you need to go back to the 2nd picture below. Click solana then click the arrow that says receive below the arrow. Then copy and paste the address where it is requested. You will need to do this before you start your purchase. BUT this is if you are trying to purchase in Exodus.......

I am mot 100% this is what you have to do but I think that I am close.

 

[fatty33]

It's not interest, it's a ultimately considered capital gain on an investment. For anyone dealing with crypto through an exchange, they should have a way for you to download your transaction history for the year which should make things a lot easier for determining total gains/losses, etc.; it's recording the non-exchange stuff that can become messy (and make your accountant hate you). For folks using crypto solely to buy peptides and peptide accessories, it's unlikely that anyone is holding anything long enough for it to generate much of a gain.

but is it only considered a capital gain if I spend it at a profit? Or is it supposed to be claimed no matter what? I mean the BTC market is unpredictible.