Bitcoin for n00bz?

stokeley

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Joined
Aug 18, 2024
Messages
22
I'm interested in OpSec for my purchases of reading material because I don't believe it's anyone's business who I read.

That said, I don't understand how purchasing coins works, and it seems there's a lot of ways to naively pay a lot for transaction fees, or have long hold times before you can transfer funds to a wallet. It also seems that there are some places to exchange cash for coins that pay more attention to where you transfer funds. (Not counting ATMs, that seem to be the most anonymous but also charge extortionate fees.)

At the most basic level, buying coins from a big exchange with a bank account seems to be telling my bank and the exchange what I'm doing. Not that crypto isn't legal (I don't think!) but some of its uses are less than legitimate and I wouldn't want to appear anything but on the level.

That said, I tend to view larger companies that have a track record and do a lot of business - Coinbase, CashApp, Robinhood - and yet I understand these are the ones that may entail issues of various types.

I also got advice that I should consider "washing" my funds through an online casino since they are legal in my state. I'm not sure whether that meant to fund a casino account with a bank account/credit card and then withdraw as coins to a coin wallet or to purchase coins, deposit to a casino, and then withdraw from a casino. Either way I understood the purpose to appear as though my typical wallet/purchase behavior is gaming, the most universally accepted American activity after firearms and cars 😁

What's a noob to do 🤔 Is there a good FAQ about what wallets and exchanges one might prefer for clearnet purchases, and alternately for otherwise? I'm an eager reader so I'm happy to set up more than one if that's best!
 
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  1. jax1982 @ jax1982: @sawganaut After I laughed at the comparison I thought, FInally someone who gets it I have to say that you ARE so very right! There are other ways to make payments that are easier, less hassle, no feesBTC..buy it one place, pray they don't find a reason to "HOLD" it. Then send to a different wallet, etc.
  2. S @ sawganaut: Bitcoin has assfucked me so hard so many times over the years at this point id rather let that homoman69 guy have a turn
  3. Gulp2788 @ Gulp2788: Shobop
  4. S @ sawganaut: :ninja: :ninja: :ninja: :ninja: :ninja:
  5. proton369 @ proton369: 👋
  6. S @ sawganaut: Its a good day when you dont remember yesterday
  7. L @ Layne_Cobain: Woke up this morning…yeah huh, got myself Johnny cakes oh yeah what this morning woke up this morning ah huh got myself Johnny cakes oh yeah uh huh
  8. Realbenzeyes @ Realbenzeyes: *need
  9. Realbenzeyes @ Realbenzeyes: Damn I been to check that out lol
  10. L @ Layne_Cobain: Never heard of one of those but will check it out bro 👍
  11. Y @ Yaugae5121: Highly highly recommend!!
  12. Y @ Yaugae5121: Just a heads up too: I don’t know it yall ever heard of the vseebox but I got a V6 Plus a few months back and it is so damn sick. Every show, every sporting event, it has everything.
  13. Y @ Yaugae5121: The best show ever IMO!!
  14. L @ Layne_Cobain: Oh indeed
  15. L @ Layne_Cobain: I WANT MY MOTHAFKN CORNERS
  16. Gulp2788 @ Gulp2788: dibiditybawkwak wackadackaback woohoo
  17. Gulp2788 @ Gulp2788: @rhodium You too bro!!
  18. R @ rhodium: evening all have a good week ahead
  19. MochaJoe @ MochaJoe: To delete a DM select the ones you want to delete.. then at the bottom of screen, where it says choose action, pick "Leave Direct Messages". and hit Go
  20. tiquanunderwood @ tiquanunderwood: Upping sponsorship I guess?
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