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The legal framework that currently governs the Indian cryptocurrency market is not particularly favorable for individuals who are interested in investing in cryptocurrencies. This unfavorable environment has led me to become curious about the various methods that you all are employing to invest in cryptocurrencies. I would be greatly appreciative if you could share any valuable tips or tricks that you have discovered or come across during your cryptocurrency investment journey.
In the past, I used to utilize the services of WazirX, but as we all know, there were significant developments and issues that arose with that platform.
I have $10 that I want to play with, and I want your help. Just a little bit of Crypto silliness!
I want to buy $1 worth of 10 different coins.
First 10 to comment with your coin of choice will be what I buy. Nothing like a little bit of harmless community gambling.
Rules:
I have already purchased 10 different coins ($1 each) and aim to hold them for a decade. Round 2 is now underway and I want you to be a part of it!
Coins I already own: Radix, Coq Inu, BitTorrent, Shiba Inu, Baby Doge Coin, Mog Coin, PEPE, Simon's Cat, Billy, DEGEN.
Fire away! Can't wait to see what comes out of it 🫶 . .
#1: LUNC ~ 4862 coins acquired #2: VET ~ 14.3 coins acquired #3: XLM ~ 1.27 coins acquired #4: TRX ~ 3.17 coins acquired
The legal framework that currently governs the Indian cryptocurrency market is not particularly favorable for individuals who are interested in investing in cryptocurrencies. This unfavorable environment has led me to become curious about the various methods and strategies that you all are employing to invest in cryptocurrencies. I would be greatly appreciative if you could share any valuable tips or tricks that have proven successful for you in this challenging market.
In the past, I used to rely on WazirX for my cryptocurrency transactions, but as we are all aware, there were significant developments and issues that arose with the platform.
I was looking at buying crypto on exchanges that don't ask for SSN. I don't mind verifying identity with a drivers license or something, but I'd really prefer to not use SSN.
I've gotten down to Changelly and BYDFi. Changelly looks like it takes a little bit more fees, but I wanted to hear some personal experiences from others on both of the platforms before deciding which one to use. Is BYDFI trustworthy? Is Changelly better for some reason?
I'm sorry, I was a little confused which flair to use. If there's a better one to use please let me know.
Thanks!
Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.
###Disclaimer:
Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
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I got scared away from Bitcoin after getting locked out of my wallet from a small purchase in 2018.
I want to get back in and can't decide.
Top 3 most hyped:
What's your top 3?
*Note - the bots have informed me my post is too short and/or spam. It's not. So for more characters I will add this. I bought $100 worth of bitcoin in 2017 or 2018. A couple of years ago when it was worth over $1,000 I was reading about lost passcodes/keys/hard drives etc. I tried to cash out my $1,000 worth. If the transaction went well I was going to out the $1,000 back in and then some. I tried for months but could not cash out since I did not have my 12 word "key". I had not been ready when I first purchased. Did it out of curiosity without really understanding the implications of the passcode/key. I figured my email and "lost password" button would suffice (as is the case with 100%of other accounts for anything in life).
I’m ready to start searching crypto and would like to get current data on volume price etc. imported into google sheets, the only data I’m concerned with is past hour volume, past 24 hour volume.
I would like to focus on Coinbase.
Are there any walkthroughs or easy to follow guides? I did search and what I found were guides that are 3 years old and are no longer valid.
I’m specifically wanting to see the difference between past hour volume compared to 1/24th of the past 24 hour volume.
What is the easiest way to do this.
EDIT 1:
- To everyone congratulating me on learning a lifelong lesson, I have moved all my crypto from these accounts.
- So no lesson learnt.
- For now though all my crypto on this person's swap site, which is reputable according to coinbase... is gone...
- I am going to continue giving this individual the benefit of the doubt, but I will eventually release which swap site and crypto he created.
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The actual creator of a cryptocurrency, who runs a "swap" site was attempting to help me with an "RPC" issue.
he sent me here: corefusoinlabs.pages.dev
It told me to enter my private key for "trust wallet"... I did... he was walking me through the steps...
I also entered it for my coinbase wallet, as the issue was the two wallets were creating "synching" problems.
Note: Coinbase wallets allow you to change your private key. Did that instantly afterwards. Trust does not.
I would remove all funds from trust wallet to a new wallet. But I am vesting this cryptocurrency on his website, so it is locked in for 30 days. And removing it would lose 70% of my funds according to the terms of staking he set up.
So either unstake/unlock my crypto for a 70% loss... or hope this dude, who runs this exchange/crypto is legit...
The website was just so bad... I saw that as I was doing it... but he created the coin...
So why would he try and take $500 USD from some dude, when he has buyback/burn programs for far more than that every month.
In a few months, I will be moving to a country that has zero tax on crypto gains, however, the country I am moving from does have capital gains tax on crypto, I would like to take my crypto with me, I don’t plan on moving back so the return tax residency rule doesn’t apply, my sale wouldn’t be anytime soon, I am wondering if simply moving country becomes a taxable event, even on paper gains, as I read somewhere that with stocks it is, although I am unsure on the creditability of the source as it does seem a bit unfair whilst holding. I’m struggling to find definitive information online, is anyone able to shine some light on the topic? Thanks
Edit: UK to EU
I'm looking to purchase Solana for my wallet, but every exchange I come across requires KYC verification. Since I'm under 18, I don't have an ID or drivers license, though I do have a credit card(but not paypal). Is there a reliable and safe way to buy crypto without getting scammed? I'm only looking to spend around $20, nothing more.
I found a service that looks interesting, but many people on Reddit are saying it's a scam. Any thoughts on whether I should trust it or avoid it? This is the site: https://exchange.mercuryo.io
Please let me know if this service is specific to certain countries and if it would be necessary for me to use a VPN to access it. Thanks in advance.