BITCOIN ADVICE

vitruviusbeard

vitruviusbeard

Member
Joined
Jul 10, 2019
Messages
51
If you are having trouble with bitcoin, please let me help you. It is a lot easier then Google would make you believe. 

Step 1: Download Electrum wallet. It will give you a set of words to allow access to your wallet. Keep these somewhere safe. It is the only way to access your money if you forget your password, etc. 

Step 2: Set up an account with Coinmama. (this takes a bit of time and pictures, but after 12-24 hours you will be able to buy bitcoin immediately) Banks do not like to support bitcoin so only certain vendors can get passed this. 

Step 3: In the receive tab of your Electrum wallet you will see a wallet address. You give this to people so they can send you money. The same goes for Coinmama. When buying Bitcoin from that website it will ask you for your wallet address. This is the Electrum address that you copy and paste in. The money has to bounce around the world for a few hours securing your transaction. (Sometimes you will have to restart the Electrum so it will begin to track your order, you may have to do this a few times)

Step 4: OPTIONAL - You can have multiple Electrum wallet addresses if you want, but the only advantage to this is to know exactly who sent you money. That is the ONLY reason. If you do not need to know who sent you money then don't add other addresses, just keep one. 

Step 5: To send money, the recipient will have to send you their wallet address. Go to the send tab in your Electrum wallet and paste that address in. Select the amount of bitcoin to send using google (USD to bitcoin, CAD to Bitcoin, etc) to get the exact amount to send. There is a slider bar underneath asking the fee amount you would like use. Its use is how fast the money gets sent around the world. Whether you set it to high or low, it is really not a large amount of money. So I always send high because it is just a nice thing to do for your recipient. I have never used low so I dont know how much longer it takes, but its only a couple of bucks so just use high. 

Step 6: Thank Bitcoin for being amazing and giving us freedom with our money.  

 
Why do you need an application wallet? I use coinbase as my online wallet. Got linked to my account within minutes not 24 hours. Don't need to download a wallet. 

 
Buying/selling anything remotely illegal via your Coinbase wallet is an EXTREMELY bad idea.  Bitcoin is never really anonymous but directly connecting your IRL identity to those kinds of transaction is terrible OpSec and can put both buyer and seller at risk.  Also Coinbase has full rights to terminate your account if they suspect anything, and by court order can seize all assets in your Coinbase wallet.  Someone more knowledgeable than i in regards to Bitcoin could perhaps chime in and give more info.  good luck and stay safe....

 
DoomKitty said:
Buying/selling anything remotely illegal via your Coinbase wallet is an EXTREMELY bad idea.  Bitcoin is never really anonymous but directly connecting your IRL identity to those kinds of transaction is terrible OpSec and can put both buyer and seller at risk.  Also Coinbase has full rights to terminate your account if they suspect anything, and by court order can seize all assets in your Coinbase wallet.  Someone more knowledgeable than i in regards to Bitcoin could perhaps chime in and give more info.  good luck and stay safe....
Click to expand...
Thanks @DoomKitty i did not know this! I'm looking for alternatives now. 

 
@bavisionary You shouldnt use coinbase for transactions like these. Electrum is a private wallet which offers more security and is recommended by SL himself. 

 
bavisionary said:
Thanks @DoomKitty i did not know this! I'm looking for alternatives now. 
Click to expand...
Electrum and Wasabi Wallets are both excellent alternatives!  Just be aware that if you continue to use Coinbase to purchase Bitcoins and then withdraw them to a desktop/mobile wallet, then you should buy the bitcoin in advance and wait b4 you send them to your private wallet.  If you purchase and immediately withdraw they will flag the transaction as suspicious and make you wait 72+ hrs before releasing the funds.  Some people are using Cashapp to buy bitcoin quickly (pros and cons to this, but they wont flag as suspicious immediate withdraw of purchased bitcoin if youre in a hurry) or the Bisq application is wonderful for decentralized purchasing.  Hope this helps

 
Last edited by a moderator:
I think beginners should start out using an Account on www.blockchain.com making sure to use 2-FA (2-Factor Authentication) before using an Electrum Wallet. I made the mistake of jumping into an Electrum Wallet and with the New BC1 starting Receiving Address etc. for Segwit Wallets which Legacy now means Standard Wallets. It took Me forever to figure out why I couldn't Send or Receive Money which was due to the Fact not all the places you Buy or spend Bitcoin have the Addresses that are not compatible with the New Bitcoin Receiving and Sending Bitcoin Addresses.


  Once someone learns the way Bitcoin works assuming your not Spending more than like 100-200USD or any Amount your willing to Risk loosing whether your using a Desktop Electrum Wallet or an Account with 2-FA on your Cell-Phone once you learn how Bitcoin works then it should be time to learn how Electrum works and how to make sure that if your Hard-Drive crashes which is why i got the Portable Version on a Thumb-Drive/U.S.B. Hard-Drive Storage Device since it will last basically a lifetime before it crashes theoretically compared to your Desktop Hard-Drive.


  I just learned if my Computer Hard-Drive breaks/crashes the Seed Key is not enough it just generates a new Wallet and it is required to have the "Root Seed Key" which I am still learning what that means and how to acquire it from my Electrum Wallet Files Folder which it let's you Re-Create your Old Wallet with all the Bitcoin and every other Detail like Addresses you Sent to when using it. 

 
porkandbeansboy said:
I think beginners should start out using an Account on www.blockchain.com making sure to use 2-FA (2-Factor Authentication) before using an Electrum Wallet. I made the mistake of jumping into an Electrum Wallet and with the New BC1 starting Receiving Address etc. for Segwit Wallets which Legacy now means Standard Wallets. It took Me forever to figure out why I couldn't Send or Receive Money which was due to the Fact not all the places you Buy or spend Bitcoin have the Addresses that are not compatible with the New Bitcoin Receiving and Sending Bitcoin Addresses.


  Once someone learns the way Bitcoin works assuming your not Spending more than like 100-200USD or any Amount your willing to Risk loosing whether your using a Desktop Electrum Wallet or an Account with 2-FA on your Cell-Phone once you learn how Bitcoin works then it should be time to learn how Electrum works and how to make sure that if your Hard-Drive crashes which is why i got the Portable Version on a Thumb-Drive/U.S.B. Hard-Drive Storage Device since it will last basically a lifetime before it crashes theoretically compared to your Desktop Hard-Drive.


  I just learned if my Computer Hard-Drive breaks/crashes the Seed Key is not enough it just generates a new Wallet and it is required to have the "Root Seed Key" which I am still learning what that means and how to acquire it from my Electrum Wallet Files Folder which it let's you Re-Create your Old Wallet with all the Bitcoin and every other Detail like Addresses you Sent to when using it. 
Click to expand...
Im pretty sure you can definitely restore your wallet and bitcoin (as long as you do it right) with just the mnemonic seed, not the root seed. At least with Electrum. (https://bitcoinelectrum.com/restoring-your-standard-wallet-from-seed/) . You wont have the labels and addresses kept but the wallet and bitcoin will be restored.  Theres no point to "restoring a wallet" really if there would be nothing in it.   Even with external wallets, if you lose the wallet or it breaks you just buy a new one and choose the restore from seed option and bingo theres your coins......Lmk if theres something im missing or i misunderstood you...

 
To anyone new to bitcoin and reading this thread; if your head is exploding the really important things to take from it is yes, you should not send directly from Coin base for the reasons I believe it was @doomkitty stated. I always stress it's important to take the extra step, but maybe don't explain the reasons. 

If you move your bitcoin quickly and are not holding large amounts as an investment or whatever reasons then don't worry about having to become expert with bitcoins. I would think anyone who really wants to get into it would take the time to educate themselves, but if your only immediate goal is to donate to DBG then the simple guides that are posted throughout this section are adequate.

I understand that for a first time user it can be intimidating enough without worrying about how to restore your wallet. This is all good information and I appreciate the posts, but reading it through the eyes of a beginner it's a little overwhelming. 

 
There are lots of wallets, I use electrum as it's an old, well respected one. Only download from official site. When you set up a new wallet you'll get a passphrase/seed words. Write them down and double check them; then put them somewhere safe. Those words can restore your wallet in the event of a PC crash, hard drive failure, etc...

They are also commonly called keys. "Not your keys, not your BTC" is a common saying. Few exchanges give you your keys so if they crash/get hacked/exit scam you lose. It happens to the tune of 100's of millions of $ yearly. 

So get your BTC off the exchanges and into a safer wallet that only you control.

 
Last edited:
delawaredrew said:
There are lots of wallets, I use electrum as it's an old, well respected one. Only download from official site. When you set up a new wallet you'll get a passphrase/seed words. Write them down and double check them; then put them somewhere safe. Those words can restore your wallet in the event of a PC crash, hard drive failure, etc...

They are also commonly called keys. "Not your keys, not your BTC" is a common saying. Few exchanges give you your keys so if they crash/get hacked/exit scam you lose. It happens to the tune of 100's of millions of $ yearly. 

So get your BTC off the exchanges and into a safer wallet that only you control.
Click to expand...
I tried to use the seed words to get back into electrum. Can't even enter the words. Had know problem with the wallet untill i had to update the wallet. Could this be a hack? Do electrum do updates? Can't even download load a new wallet on the device i used

 
Conceited said:
I tried to use the seed words to get back into electrum. Can't even enter the words. Had know problem with the wallet untill i had to update the wallet. Could this be a hack? Do electrum do updates? Can't even download load a new wallet on the device i used
Click to expand...
what site are you using to download? fake phishing sites have lead people to download phony electrum wallets that have then lead to all their bitcoins being stolen....hope this isnt whats happening to you.  electrum.org is their website.  If you actually had the real wallet previously, you will be able to use the restore wallet option.  If you initially downloaded the fake app, there is nothing you can do.  It would have given you fake keys....

 
DoomKitty said:
what site are you using to download? fake phishing sites have lead people to download phony electrum wallets that have then lead to all their bitcoins being stolen....hope this isnt whats happening to you.  electrum.org is their website.  If you actually had the real wallet previously, you will be able to use the restore wallet option.  If you initially downloaded the fake app, there is nothing you can do.  It would have given you fake keys....
Click to expand...
Im pretty sure when i originally downloaded electrum it was the legit site. I would of got the address of here. I had it for 18 month to 2 years with know issue. Loads of bitcoin been through it. I went to sign in one day and it wouldn't let me saying download the latest version i think. Did that not sure if it was electrum. org. But it looked like it was suppose to. I guess that's what you do when setting a fake site up. 

I will try the electrum.org and use seed words. There's probably less the $50 on there. Just annoying it won't let me set a new wallet up on that device.  

 
yeah theres a thing on electrums site about fishing sites getting people to download the wrong ones and stealing peoples coins. i hope it didnt happen to you!!

 
Folks, if this has been asked/answered already, I apologise....I did try to read as much relevant material here (and on the sites) as I could...but does CoinMama make you wait as long as Coinbase to send the bitcoins once you buy them?

 
LaLocaDeLosGatos said:
Folks, if this has been asked/answered already, I apologise....I did try to read as much relevant material here (and on the sites) as I could...but does CoinMama make you wait as long as Coinbase to send the bitcoins once you buy them?
Click to expand...
No they dont.  Also CashApp is a very quick way to purchase btc and you can withdraw them immediately.  

 
C😊😊L!! Thanks so much !! I'll be bidding  an unfond farewell to cb IF cm is able to verify me...I goofed by using my p.o.box address (which my bank uses) but my DL shows my residence address 😝

 
You must log in or register to reply here.
Drugbuyersguide Shoutbox
  1. T @ thatguywithno: needing good powders source
  2. L @ Layne_Cobain: Go to the bottom of the page and hit contact us, the admins should b able to get it off for you
  3. th3k1d @ th3k1d: Anyone know how long it takes / how to take the new memeber posting restrictions off? I made my account years ago, it's not new, and i've donated to sapphire. It's not a big deal but it would be cool to be able to be more active in conversations when my replies arent posted back for 24-36 hours, lol
  4. MorfineOrfan @ MorfineOrfan: Another monday ladies and gents, we did it....lol have a good week!
  5. MrFuszy @ MrFuszy: Anywhich Way what you up too candy
  6. MrFuszy @ MrFuszy: If I was being irrational and foolish and others laced me up about it, its, well its either admit it and do your best not to repeat the negative behavior 9
  7. MrFuszy @ MrFuszy: Oh my mannorisms
  8. MrFuszy @ MrFuszy: Im afraid I don't know what you mean?
  9. MrFuszy @ MrFuszy: ?
  10. C @ Candyshop: ⚜️⚜️⚜️⚜️⚜️that's 💯Mr Fuszy admit when your a wrong a coward never does big shit out
  11. MrFuszy @ MrFuszy: I dm you sticky, I apologize yall I was outta line. Got tol fuled for my own good.
  12. Thebeezneez @ Thebeezneez: Froggy**
  13. Thebeezneez @ Thebeezneez: Anyone mix Xanax and Ambien together? Feeling groggy for the HOTD tonight
  14. st1ckyf1ng4z @ st1ckyf1ng4z: @MrFuszy broo big dawg chill out on posting shit like that on here you’re gonna catch a ban or even worse. be mindful of mentioning others’ names as well. be smarter
  15. L @ Layne_Cobain: @maoi thanks for the input tho I think I’d def go the route of using hcg if I do go w TrT
  16. L @ Layne_Cobain: @maoi nah no fear of needles and if it made me feel a lot better no fear of being on it long term as who knows if my t will even rebound after 5 years on methadone not sure if that’s the norm I hope so…the more I research the more it seems like the best choice is to just go for it with TrT rather than trying to “middle” with Enclomiphene especially now that i know it probably won’t work being on methadone altho I am tapering off 5 mg biweekly so that’ll take a while I’m at 95 now from 120
  17. moai @ moai: @Layne_Cobain the longer you’re on it without using HCG sometimes, (meaning years) the harder it will be to rebound if you do come off. But I’m with you, at only 22, I’ve abused myself to the point I may NEED trt. Not to mention all of the benefits
  18. moai @ moai: @Layne_Cobain You don’t seem it, but if you are the type that’s afraid of needles for life, don’t sweat it. I’m natty atm, but from what I hear A) you won’t want to come off and B) if you implement HCG every once in a while to your protocol, you have a better chance of being able to come off T completely and restore all (or most) of your natty production. Of course, no guarantees and it is dependent on the individual, genetics, compounds and duration of exposure, etc.
  19. L @ Layne_Cobain: @tiquanunderwood when you began the Enclomiphene, were you already off opiates? Cause after further research I don’t think it’ll even work while still on methadone…I think trt with hcg to preserve fertility and ball size is the way to go for me. I just wanna feel better. Thanks for your input on the matter btw
  20. aarons @ aarons: buddy lay that cr@ck pipe down, the weekend barely started
Back
Top