"How to buy Bitcoin"

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I Digivolved Into A Loli? said:
no one gives a fuck how old your retarded, penny-chasing mom is. she's a boomer because she's old enough to have her retard baby post on the farms
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Its also way to late for that... the FEDs will go after coins soon... just buy gold and silver without giving your name at some coin shop.
the mark up and the low return are very much worth the cost, untracable investments are worth it...
 
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So is KYC everywhere now? I am late to bitcoin and I really don't feel comfortable giving up so much personal info and my bank details to a 3rd party like CB. Now it turns out even bitcoin ATMs want to see my ID, phone number, etc, and they also come with a 10% fee, making them pretty fucking pointless imo. I have read a bunch of stories where people just say "Oh yeah, my bank decided to close my account for buying crypto".

Outside of coins like monero, it just seems like banks have assimilated crypto and exchanges.
 
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I think I mentioned before:
I used LocalBitcoins.
I traded cash-purchased gift cards for a deposit to my temp wallet. Then I tumbled the btc and xferred to my reg wallet.
Everything worked out, the 'fees' were just the normal LocalBitcoin escrow fees (ALWAYS use escrow) and btc xfer fees.
That was when BTC was @ $1500. I literally made over $25,000 with that transaction.
Fuck you, TaxMan.
 
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I got out of binance, but I'm looking for a similar exchange to use to binance, something I can trade ethereum for altcoins directly, coinbase pro doesn't really do that. Any recommendations? Low costs is a plus.
 
I found this in my inbox dated five months ago. I had used Coinbase once, five months prior to that, for a two-figure transaction related to a merch run on this site with a key emailed to me by Null. My wallet had an infinitesimal amount remaining, too little to transfer out.

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Coinbase seems pretty awesome.
 
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Pee Wee Herman said:
Certain universities are beginning to add online classes for crypto. It seems Princeton has the biggest enrollment. Wondering when it will be taught more mainstream. https://www.coursera.org/courses?query=cryptocurrency&page=1
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Shit like this makes me think crypto is here to stay despite the bans in places like India.

Leonard Helplessness said:
I found this in my inbox dated five months ago. I had used Coinbase once, five months prior to that, for a two-figure transaction related to a merch run on this site with a key emailed to me by Null. My wallet had an infinitesimal amount remaining, too little to transfer out.

View attachment 2033499

Coinbase seems pretty awesome.
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So I'm ruling out using coinbase and CBP.
How do people feel about Binance or Kraken? Both apps are supposedly quite shit, both have shitty customer service but atleast they are relatively safe.
 
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Erika Furudo said:
Shit like this makes me think crypto is here to stay despite the bans in places like India.


So I'm ruling out using coinbase and CBP.
How do people feel about Binance or Kraken? Both apps are supposedly quite shit, both have shitty customer service but atleast they are relatively safe.
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Avoid Coinbase if you plan to put a significant amount in. There’s been horror stories of holders trying to sell off hundreds of thousands only to get their funds held in the “suspicious activity” loop. Invest in a wallet and a steel inscribed key.
 
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Some useful reading considering we’re now in the chain-analysis account closures stage of things as can be seen with the Coinbase posts above. This will only increase over time... custody your own crypto. You can’t be banned from Bitcoin, only centralised services like exchanges.

as with anything cryptocurrency related, do your own due diligence and don’t blindly trust anything you read.

 
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twozero said:
Some useful reading considering we’re now in the chain-analysis account closures stage of things as can be seen with the Coinbase posts above. This will only increase over time... custody your own crypto. You can’t be banned from Bitcoin, only centralised services like exchanges.

as with anything cryptocurrency related, do your own due diligence and don’t blindly trust anything you read.

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What about no-KYC for altcoins? Very interesting stuff but very BTC focussed.

Also what is a good place to set up tracking for different coins and track my portfolio? I don't want to link my accounts to some shit site, putting dummy values seems preferable to me. (sorry for dumb noob questions)
 
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I don't really see the point in physical wallets. It's obviously safer than an account on coinbase or such markets, due to spyware and such, and you not really being directly in control of your coins.

But regardless of if you have a digital wallet like Electrum or if you get a physical usb-stick wallet, the actual key to your wallet is the seed-phrase, which will be equally safe/unsafe (and preferably stored separately) whatever form your wallet takes.

Have I missed something, or is there really no point in shelling out money for wallet-hardware?
 
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MidUSA said:
Have I missed something, or is there really no point in shelling out money for wallet-hardware?
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I think it's mostly a convenience toy, but if you're holding serious amounts of crypto - enough that you're a high-value target for hacking, say - it may be useful to have a means of storing your keys that's not quite as "cold" as writing it on paper, but still not on a computer.
 
MidUSA said:
I don't really see the point in physical wallets. It's obviously safer than an account on coinbase or such markets, due to spyware and such, and you not really being directly in control of your coins.

But regardless of if you have a digital wallet like Electrum or if you get a physical usb-stick wallet, the actual key to your wallet is the seed-phrase, which will be equally safe/unsafe (and preferably stored separately) whatever form your wallet takes.

Have I missed something, or is there really no point in shelling out money for wallet-hardware?
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Something you’re overlooking (I think?) is how you securely sign a transaction when you eventually want to spend — which needs your private keys in an unencrypted state.

Rather than needing to run a separate airgapped machine, a hardware wallet lets you sign transactions without the private keys ever touching the networked device.

Additionally all good HWWs will display the transaction address for you on the device, which protects against some address substitution attacks. As with everything tho it’s a security/convenience trade off.
 
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