Question about making purchases with BTC?

vinniedabeast

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Oct 31, 2023
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I opened a coinbase account and purchased BTC. My question is that if I were to make a purchase, let's say from serenity, is it safe to make that transaction on coinbase? Or am I to transfer that to a personal web based wallet before making a transaction?
 
The latter. Never pay a vendor or market directly from an exchange wallet. It's not only bad opsec but also a quick way to get your exchange account shut down.
 
I am very happy to see this post. This is also a topic that I am more concerned about recently. I hope my customers can know this.
 
Which wallet do you recommend?
I use blockchain. Maybe it's just one of those cases where I learned my BTC on blockchain so I think it's the easiest. I buy in X, then transfer to blockchain. Learned that hell of buying and sending out of the same wallet. NOPE, nope, never again!

Good luck!
 
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I use Electrum myself and it has worked well. I am sure there are other good ones but the most important thing is to make sure to get it from a trusted source.
You can transfer from your coinbase wallet to Electrum? Just wanna make sure, I am still very much a noob at this
 
You can transfer from your coinbase wallet to Electrum? Just wanna make sure, I am still very much a noob at this
Yes - there are a number of good tutorials. Best way IMO is to transfer a small amount of money (yes, there are transfer fees but small price to pay to make sure you have a handle on how it works) from exchange to Electrum wallet then make some small purchase from the Electrum wallet. Once you have a feel for how it works, you'll have some comfort when doing more substantial transactions.
 
i know this is probably a stupid question, but would it be pointless or ill-advised to send from coinbase wallet?
 
i know this is probably a stupid question, but would it be pointless or ill-advised to send from coinbase wallet?
Not necessarily pointless since the coin would arrive but definitely ill-advised. If you search around a little you'll hear from people who had their Coinbase accounts abruptly closed after making payments they didn't like directly from their exchange wallets.
 
Not necessarily pointless since the coin would arrive but definitely ill-advised. If you search around a little you'll hear from people who had their Coinbase accounts abruptly closed after making payments they didn't like directly from their exchange wallets.
thank you!
 
The best part of all, It cost you money evertime you wanna move the fucking coin! :D

Buy coin, FEE, Move coin, FEE, Move coin again, FEE!

OOOOOOOOO i love bitcoin its sooooooooooooo GREAT for people who collect the god damn fee's it is.
 
The best part of all, It cost you money evertime you wanna move the fucking coin! :D

Buy coin, FEE, Move coin, FEE, Move coin again, FEE!

OOOOOOOOO i love bitcoin its sooooooooooooo GREAT for people who collect the god damn fee's it is.
Yo I had to adjust an order because btc fees had fluxed. Fkrs xmr is the better coin imo
 
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