Easy ways you can help saidit

submitted by magnora7[A] from self.SaidIt

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]FormosaOolong 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (3 children)

Thanks. I get deflated every time I try to look into crypto.

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Yeah it can be annoying and confusing at times, it's still in the "early adoption" phase, and the software is very complex and there's no real consensus on the best way to do a lot of minor aspects of it, so the software still can be obtuse.

Honestly the best way is to go to a very mainstream and trusted exchange, and then put money in (often you link the exchange to your bank account or something like this, some exchanges don't even need this) and then buy the crypto you want with your USD. And then once you've bought it you can send it to other people.

This whole process is pretty annoying tbh, but it's getting simpler as they roll out bitcoin ATMs and stuff. The main 4 cryptos are supported most everywhere: bitcoin, bitcoin cash, ethereum, and xrp

[–]FormosaOolong 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

Thanks for the tips, will look into it when the synapses are connecting.

[–]magnora7[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

Cool, I recommend exchanges like Binance, coinbase, or another popular one like bitmex. Big, established exchanges are generally best.