Crypto for Normies: - A request from a normie.

[dvnc]

While this is a true statement, it's no where as easy as it sounds. I've done the rounds on threads on how/where to buy, but for someone like me, who is more normie than I originally thought, it was incredibly confusing and I wound up having my hand held by a user in chat while some kind kiwis expressed concern that it'd be safe for me due to how legitimately lost I was.

Due to the events currently transpiring for Josh, I think the best bet is crypto. All of you here seem ten times ahead of the curve and have your own preferred places to buy and wallets to store in.

My request: Create a thread of your preferred place to purchase and wallet, while providing literal step by step directions as well as any useful screenshots, etc. Babysit your OP and answer all of our idiotic questions as we navigate your option.

Desired end result: Zero excuse to not purchase bitcoin to support Josh and/or the forum.

Thanks in advance to anyone who decides to pick up the mantle.
Mods, I put this thread here due to the topic, but if it's the wrong place I apologize.

 

[WTBOnlineFather]

Nice to see a thread like this. Coincidentally just today I was looking for options to buy crypto to donate and had to give up on 2 or 3 exchanges already because they require at least a $50 deposit and I'm too poor for that right now.

 

[Merchmongler]

Nice to see a thread like this. Coincidentally just today I was looking for options to buy crypto to donate and had to give up on 2 or 3 exchanges already because they require at least a $50 deposit and I'm too poor for that right now.

Is it possible for you to save up for those $50? If you‘re that poor, I‘m tempted to recommend you to mine pennies worth of XMR (Monero) on your smartphone. I haven‘t tried it myself, though, so I can‘t say if it‘s really save considering that it might put stress on your smartphone.

 

[WTBOnlineFather]

Is it possible for you to save up for those $50? If you‘re that poor, I‘m tempted to recommend you to mine pennies worth of XMR (Monero) on your smartphone. I haven‘t tried it myself, though, so I can‘t say if it‘s really save considering that it might put stress on your smartphone.

Too poor to donate the whole thing I mean. I presume there would also be some kind of withdrawal limit that won't let me pull out whatever remains after I donate if it's less than $50 but I don't know anything about these hoops you have to jump through and why they are in place so I might be wrong. I'm gonna figure out a way anyway.

 

[AnsemSoD1]

Are you a faggot?

 

[Sexy Senior Citizen]

While this is a true statement, it's no where as easy as it sounds. I've done the rounds on threads on how/where to buy, but for someone like me, who is more normie than I originally thought, it was incredibly confusing and I wound up having my hand held by a user in chat while some kind kiwis expressed concern that it'd be safe for me due to how legitimately lost I was.

Here's a website Josh recommended. It'll help you find a place to buy Bitcoin anywhere with your preferred payment method.

Here are two videos. The first is how to buy Bitcoin, the second is how to buy any other crypto.

Due to the events currently transpiring for Josh, I think the best bet is crypto. All of you here seem ten times ahead of the curve and have your own preferred places to buy and wallets to store in.

I agree, but I have one caveat: ABSOLUTELY DO NOT DONATE FROM A MAINSTREAM EXCHANGE. They're as pozzed as PayPal and other payment processors. Josh has confirmed Coinbase has banned people who donate to his wallets from that platform.

 

[Grog]

For EU residents who don't want to do KYC

https://pocketbitcoin.com/

https://getbittr.com/

https://relai.app/

These are Swiss brokers who can buy up to 900 euros worth of BTC and send them to you. The reason for this is that that's the limit of cryptocurrency you can buy from an exchange in Switzerland without having to give away your identity. The only information you give by using this method is your name and bank account number, and you receive the Bitcoin directly in your wallet.

 

[herefortheactualthreads]

i just want to point out that i had to verify myself with my ID Card before registering on bitpanda.

 

[Emnewits]

I used this guide to learn the basics & just kinda went from there, if I can do it literally anybody can. Hope it helps!

https://dailystormer.in/apocalypse-prep-retards-guide-to-using-bitcoin/

Archive link if the stormer doesn't work for you:

https://archive.ph/N0OlM

 

[Flatline]

Bitcoin is not the privacy-centered cryptocurrency people are led to believe. Monero is the way.

 

[Top_Dollar]

If you are a leaf you can now by crypto with Wealthsimple. There is 0 excuse not to have at least $500 worth of BTC now.

 

[Merchmongler]

One cool and simple way to store BTC would be a Satscard by Coinkite. It has a Bitcoin address on its back to which you can send your Satoshis to and you can spend your stored BTC amount by using the card together with a NFC-capable device.

Here‘s an introduction video:

Archive

Coinkite also offers a Satscard design with a blank front on which you can print or scribble whatever you want. At the moment there‘s a Black Friday sale which will end on this Monday.

 

[herefortheactualthreads]

Okay, after checking all the limits and fees and whatnot, i recommend to everyone to buy litecoins because they won't hassle as much as the limits of bitcoins and etherium.

 

[Begemot]

Are people here scared of KYC requirements or are your nations more authoritarian?

 

[Merchmongler]

Are people here scared of KYC requirements or are your nations more authoritarian?

Some people try to stay entirely anonymous on the internet by using VPN services which they have to pay with crypto that can‘t be linked their identity if they want to be really safe. Others take into consideration that there might be something like Executive Order 6102 for cryptocurrencies in the future so they attempt to hide their crypto assets as good as possible. Then there‘s also the argument that the crypto asset seller might be an incompetent or bad actor and that you might become a victim of identity theft due to a data breach. Also, keeping it a secret that you hold crypto protects you from getting robbed because of it. For example: A Swedish couple became a target and the robbers forced them to transact their digital wealth away from their crypto wallets.

 

[Begemot]

Some people try to stay entirely anonymous on the internet by using VPN services which they have to pay with crypto that can‘t be linked their identity if they want to be really safe. Others take into consideration that there might be something like Executive Order 6102 for cryptocurrencies in the future so they attempt to hide their crypto assets as good as possible. Then there‘s also the argument that the crypto asset seller might be an incompetent or bad actor and that you might become a victim of identity theft due to a data breach. Also, keeping it a secret that you hold crypto protects you from getting robbed because of it. For example: A Swedish couple became a target and the robbers forced them to transact their digital wealth away from their crypto wallets.

Fair enough....

Initially the crypto ATMS in Australia didn't need KYC, I found one in a dinky little liquor store where the guy behind the counter didn't speak English. Then the govt changed it to requiring a passport or driver's licence so I've uploaded it into a couple of exchanges.

Maybe it will come back to bite me in the arse, dunno.

 

[SilentDuck]

Are people here scared of KYC requirements or are your nations more authoritarian?

Jimmy Zhong didn't think his KYC history was a big deal so he lost about 3 billion dollars in BTC and got his shit pushed in for a year. Mind you he's a special case.

If you're Canadian the federal government will seize your crypto wallets and/or bank accounts if you protest the government. The people who lost their crypto assets due to sending crypto through various exchanges and got put on a political, legal and institutional IRL hitlist for the rest of their lives didn't think KYC was a big deal either. Hey they didn't do anything wrong and "live in a free country" with courts, judges and laws. All of which were turned against them overnight because other people had been honking their horns.

There's not many reasons to trust a non-KYC exchange any more than you would trust a drug mule or hitman. Even fewer reasons to trust a legitimate or "going legit" exchange since FTX was about as legitimate as it gets and in spite of the amusing wizard chan level shenangins going on there, is it not now one of the greatest frauds in history?

But more to the point, don't think about now, think about the future. Blockchain record is forever. Bitcoin tumblers are considered money laundering. You could buy Monero with your coins but if they are not currently narcing to the feds and compromised, how long until they get put to the sword?

This is a great thread, my random question to op or cryptobros is how do the hardcore scammers and ransomware artists (at every level) take in BTC and use it or get it out? Even if you are in a corrupt shithole country that's even more reason for an exchange in that country or state actor to lean on you if you are holding. Cold storage forever?

 

[Coolio55]

Honest question from a noob: What benefit do exchanges have over just keeping it in your wallet?
Isn't the adage always "Not your keys, not your crypto"?

Also, is KYC a big deal if you intend to just dump it in a wallet? They can't prove that you didn't just lose the keys...

 

[Roxanne Wolf]

CryptoChads, I gotta know

I use a crypto service that has a dynamic fee where if the blockchain is busy I pay out the ass in fees.

What's a good time to send crypto when it (the blockchain) is not too busy?

 

[cantankerous jackalope]

CryptoChads, I gotta know

I use a crypto service that has a dynamic fee where if the blockchain is busy I pay out the ass in fees.

What's a good time to send crypto when it (the blockchain) is not too busy?

You're just paying the normal gas fees right? I'm guessing its an ERC20 token (meaning its on Ethereum); in that case it really depends on what's happening that day in the industry. Sometimes there are big events that have a ton of network activity (see: Chainlink Staking v0.2 migration earlier this week) that bog down everything. But if you're just sending a token to another wallet it shouldn't be that expensive even if gwei is high. How much is it asking from you?

Honest question from a noob: What benefit do exchanges have over just keeping it in your wallet?
Isn't the adage always "Not your keys, not your crypto"?

Also, is KYC a big deal if you intend to just dump it in a wallet? They can't prove that you didn't just lose the keys...

The only exchange I used was Coinbase and I liked that I can send and buy crypto without having to worry about gas fees. In addition, with their paid Coinbase One service that lets you DCA you also get a one time recovery of your assets up to $1,000,000 if you properly KYC and use authenticators IIRC. Some assets have native staking on there too that is pretty easy to just fire and forget. Yeah I know not your keys, not your crypto but when I used to be in crypto I spread out my portfolio between an exchange, a hot wallet, and cold storage so I'm diversified if one of these platforms gets hacked.

As far as exchanges coinbase is the only one I would use - bc if they get fucked then crypto is done for years anyway. Some of the more niche exchanges though can allow you to easily buy tokens that are super obscure on new networks (KASPA, Canto, etc) that you can't really do as easily in metamask.