"How to buy Bitcoin"

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Kosher Dill said:
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.
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so a portable medium?
 
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Orange Rhymer said:
If you did your USA taxes this year, you may have noticed a trap question about Cryptocurrency.

IRS is getting frustrated.
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That question was on the 2019 tax returns as well. A couple weeks ago, they got a couple more court orders granted against two crypto exchanges, who are now required to surrender shitloads of customer information to the IRS.
 
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Having a real chore of finding a decent exchange that meets the requirements of 1) having the coins I want, 2) not raping me with fees, and 3) managing to stay online when big movements happen.

I'm using Uphold because of their Brave integration and it's a piece of shit.

For research I used a VPN to check out a platform that met my requirements but that's closed to Amerifats, the problem is that even they had some form of KYC that greatly limits withdrawals if you don't fill out the criteria.

Is this the norm?
 
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Pale Empress said:
Having a real chore of finding a decent exchange that meets the requirements of 1) having the coins I want, 2) not raping me with fees, and 3) managing to stay online when big movements happen.

I'm using Uphold because of their Brave integration and it's a piece of shit.

For research I used a VPN to check out a platform that met my requirements but that's closed to Amerifats, the problem is that even they had some form of KYC that greatly limits withdrawals if you don't fill out the criteria.

Is this the norm?
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To give you some credit, you seem to be ahead of me in figuring this shit out. I'm still trying to figure out how to securely buy this stuff. This ChukECheese money shit is beyond me.

I guess I need to make an Electrum Wallet, then buy doge off of KuCoin?
 
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I've saved up a bit of money over the lockdown cause I can't spend it on getting wasted so I've been thinking of getting into crypto. I figure with the coming economic crisis, my country's money may not be that good in the future. Is crypto a good alternative? I've been hearing that it may collapse as well, but it could be better than relying on regular money.

If someone can explain to me like I'm retarded (cause I am) if this is worth looking into that'd be sweet.
 
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I know BTC is currently rising, but when will the next big dip gonna be so i can buy at low price before it completely rises?
anyone?
 
Dr. Geronimo said:
To give you some credit, you seem to be ahead of me in figuring this shit out. I'm still trying to figure out how to securely buy this stuff. This ChukECheese money shit is beyond me.

I guess I need to make an Electrum Wallet, then buy doge off of KuCoin?
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I've used LocalBitCoins in the recent past. DON'T GO THERE NOW. It's been pozzed-they want government document copies, etc.. now.
Due to crackdowns on AML/KYC laws, p much ALL anonymous BTC transactions are impossible in first world countries.

If anyone has suggestions - post please.
 
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cantankerous jackalope said:
I feel very comfortable in my prediction that Bitcoin will touch six figures for the first time in late November/December. It's going to get crazy.
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Bitcoin will eventually be the gold standard for a ton of very, very poor nations (because the US dollar is teetering). It will become a very strong asset hold for high-income individuals to hedge against inflation and economic turmoil.

Bitcoin works well against economic disaster, which is why it's going to be worth hundreds of thousands of dollars in the next 5-10 years.
 
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Orange Rhymer said:
I've used LocalBitCoins in the recent past. DON'T GO THERE NOW. It's been pozzed-they want government document copies, etc.. now.
Due to crackdowns on AML/KYC laws, p much ALL anonymous BTC transactions are impossible in first world countries.

If anyone has suggestions - post please.
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The crypto ATMs in my city only require SMS verification for purchases under $750 USD - so purchase a burner phone in cash some distance away from your home, activate it, and bring it to the ATM. Wear a mask, sunglasses, and hoodie just in case of cameras (more justifiable because of COVID and cold weather). Take around $100 in cash from your checking/savings account every two weeks, and use that to purchase from an ATM.
 
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Orange Rhymer said:
I've used LocalBitCoins in the recent past. DON'T GO THERE NOW. It's been pozzed-they want government document copies, etc.. now.
Due to crackdowns on AML/KYC laws, p much ALL anonymous BTC transactions are impossible in first world countries.

If anyone has suggestions - post please.
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Stick to exchanges that don’t require KYC. Kucoin is the most reliable non pozzed exchange at the moment now that all the major ones are KYC
 
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Sorry if this has been asked before but is it worth buying BTC, XMR, etc if I all I want to do is small purchases like paying for a VPN or anything else without giving my credit card, without actually investing?
 
Personal Jesus said:
buying BTC, XMR, etc if I all I want to do is small purchases like paying for a VPN or anything else without giving my credit card
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The question has to be, who are you defending yourself against in this scenario, and why will using crypto help?
Are VPNs illegal in your country or something?
 
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