Bitcoin for n00bz?

stokeley

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Joined
Aug 18, 2024
Messages
28
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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  10. AlHoffman69 @ AlHoffman69: WELL saturdays just about in the book, here to another smashing weekend :devilish: :alien: :devilish: :alien: :devilish: :coffee:
  11. P @ Pittiebull: Saturn shut doors and opened up a private password protected site. They stated they were getting too much publicity and if anyone sent uninvited people to the private site they’d close doors for good. I’m assuming one too many new contacts got into the private site for comfort and closed for everyone
  12. MorfineOrfan @ MorfineOrfan: And why did saturn calibration close down shop
  13. MorfineOrfan @ MorfineOrfan: Is TeamChemists legit?
  14. K @ Kannis6699: Is FredChen999 Back and Legit . I Just Talked to Him . He said he is Back in the Scene now … anyone got anythjng from LFP lately ?
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  16. AlHoffman69 @ AlHoffman69: yea me too I can get thru the fall on into spring :cool:
  17. st1ckyf1ng4z @ st1ckyf1ng4z: 🤞🤞🤞 I hope not… but good thing i stock up heavily on my reading materials in case of situations like that
  18. AlHoffman69 @ AlHoffman69: I don't @st1ckyf1ng4z honestly I think the caps about to come off just call it early intuition but personally I am keeping my cards close for the next foreseeable.....
  19. MorfineOrfan @ MorfineOrfan: We made it to yet another Friday! Good job everyone 🫡 hope you all have a good weekend and stay safe out there.
  20. st1ckyf1ng4z @ st1ckyf1ng4z: @AlHoffman69 something has felt off for me too, hoping things return to normal soon in that department though :)
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