Well thats pretty much it. I have really no idea what I am doing. That said, I have dome some research and attempted to get started. I have a few wallets as of now, some or most still waiting verification. I have setup at epay, paxful, cryptopay, binance, coinbase, and blockchain as of yet.
I have an interest in some alt coins vs bitcoin but I assume more research in time will determine where I invest and start my new business. I have a little understanding on mining and the hardware used, I am aware of GDAX and some crytpos now being traded on the stock exchange. I see the trend in an upward direction and the IRS is now taking note, the new tax bill has some provisions regarding crypto trading, etc... So I feel it is really happening and the decentalization of money, fiat... is a good thing and a must needed step we have to take if we wish to continue our process of evolution.
I have some questions though: I cannot use my debit card for coinbase because it determines it as a prepaid debit card. Now one is just that, a prepaid visa, I put a small amount of money on it just to get started. The other debit I have is from the federal government. It is an account I can wire from but I cannot wire to. It is not a prepaid account but coinbase determines it as such. I would like to find a way around this. Even though I see the fees and such with CB I still feel I want to get some expereince in with that interface. Im also aware that you can instead of using CB to buy btc, you can use GDAX.
I like the looks of GDAX... and after getting my account made and verified with CB, I went to GDAX to login. I had to authorize my computer to login, and thus after I was given a notice on the login screen claiming my account was temperarily locked and that I had to seek [email protected]
. So I went thru that process and after filing for request I received the confirmation of request and now I am waiting for them to get back to me. I used my android to make the CB account. Used a computer to use GDAX, did receive the successful authorization notice and reloaded page to login but was shutout. I know I can purchase btc from GDAX but not sure if my debit cards will work there, as with the issue with CB?
I have similar isses with the other "vendors" or are they simply "brokers" ie broker and wallet...
The paxful and blockchain wallets are up okay but I cannot figure out how to jsut buy btc at the going value noted on coinmarketcap. It seems like, I have to buy btc from a seller, and there are fees from them, and or a third party software or wallet, or broker... and I then can give my wallet address for the deposit. I get the very basic idea here? I had to send in my id, my pasport, my ss number, dob... lol address... these are crucial idenfying factors... I thought this crypto was meant to be anonmyous? What do I not understand? I have read some guides and watched tons of videos but don't think I am understanding it, now that I have a direct intention, or goal, idea, on how I want to use crypto, and that maybe the issue among other things?
paxful for example. is a p2p trade platform, if my assumptions are correct. There, you can buy with debit, or credit, or a direct bank transfer, etc... even some with gift cards, but the small details kinda concern me. I had to get authorized and validated with paxful... but why then do i need to send a pic of my id, passport, write a note, and have the card in hand all in a selfie... if I had verified with the broker? Am I correct to consider paxful the broker in this case? the seller, the individual, is also charging a going rate on top of the actual value of the btc... so Im getting the feeling like, identity scam, theft, AND you loose money in the transfer... lol from usd to btc. At least having the risk of the theft and scam of my ID is enough to close the window and laugh out loud and think just a second, from an idiots perspective, this is no where near anonmyous, no where near safe... what the hell is this shit? I have to buy at one place, then exchange, then I can trade on a different platform, I need to have a hardware wallet so I dont get hacked... I mean ... this seems like a lot to take in all at once and I wish it didnt seem so risky.
There seems to lack a one stop shop for common deals... I just want to walk up to an atm, put in cash and get a receipt with a number or code I can scan and it be added to my wallet, via hardware or software or online... I plan on using online or software with the very little money I decided to invest with at the moment but will be getting a hardware wallet once I understand better what is going on. Also, seems to be a lot of opinions on youtube etc... about likes and dislikes... and it really hurts prospective noobs who needs only the facts and the details so we can make a better choice starting out. I don't mean to be a critic here and not offer something in response that could help, I just don't yet understand this and I have decided to go in, but I really need a GREAT source of information for research, like videos for specific trades, sources, and means.
I'm already discouraged, I set up several wallets, or what I thought was a broker to buy btc and trade on, but there are tons of limitations or transfers I have to do... and now all these companies have my sensitive information. I understand this is all a learning experience and I am not freaking out, :) I just need a little hand holding maybe for a few issues I have atm and once I get past that, I think all will be nice.
I really like GDAX, and want to buy from there, but can I use debit... prepaid debit, and if not, where then can I just pay with prepaid debit straight to btc, and I am okay with then moving it to a waller like blockchain or binance.
Im constantly looking for help with the basics, but am flooded with opinions on which is best to trade, and everyone saying HOW EASY IT IS TO BUY BTC ... okay, maybe true but there are tons of limits or redtape, or even fees... and with the sensitive info. it all just makes it a lil discouraging. Could use some help please. I would really appreciate it. Thanks.
PS - just to note. The new tax laws... yea wtf... I think now maybe crypto may be such the risk its just not worth my identity and the problems with the irs... I have to report and track all transactions... is this why everyone needs my id cards pictures and selfie with me holding it, or whatnot? seems like a great way to get fucked over... for a few bucks.
Looks like, crypto is dead. no anonimity, I have to pay all these fees, I now have to pay tax on EVERY SINGLE transaction... so its looking like its too late. and If I invest now, its just trouble.
Now maybe a new trype of crypto will come out that will be of a different operation, name and function, so that IRS has to make new law for that, ... so that its not considered a crypto currency, because crypto, imho being the moron here, looks like it was targered and its initiative is lost. they did this to kill it. the US dollar is dominate, though I dont think its really is, and eventually it will fall, by design it is not sustainable. I want out... but IDK how to get in to the new without being a target by the IRS, and or having to play by their rules. we want out and the dollar will collaspe, I feel rather concerned and desperate tbh... its kinda scary. fuck the irs. and fuck you wallstreet. i wouldnt mind if you all made out big but with 9/11 and all that insider trading and the wars and wars, and wars,... the collasping of the housing economy... lol youre not even taking care of your own, how the fuck do you expect to survive much longer? its actually comical, retarded at best. if at least you groomed your front yard, maybe america could be great again.
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