What's your opinion on bitcoin/cryptocurrency?
- Serendipity2000
- Closed
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Well in Canada the easiest way to buy is through an app like Coinberry or Shakepay, but for more security I'd recommend opening a Binance account. It's the biggest crypto exchange and it's available in a lot of countries. It's kind of like a stock exchange. The most annoying part is going through verification and submitting your ID.
This is what Shakepay looks like. The problem with this one is that you can only buy 2 different cryptos. The good thing is that it's the 2 main ones. This screenshot was taken with half an Ether in there.
Screenshot_20211216-003705_Shakepay.jpg
You can see below that I had more and moved it out into another address (3.59123905)
Screenshot_20211217-011611_Shakepay.jpg
A crypto address might look like this 0x71C7656EC7ab88b098defB751B7401B5f6d8976F. It's like an account number. Every time you want to send or receive crypto you just put your address in the app, kind of like how you'd put an email in other payment apps. The app you use to store your addresses is called your wallet. Exchanges are also pretty much like a wallet and will store your addresses. The other type of wallet is the best wallet you can use, called a hardware wallet. While most wallets are apps like I said, a hardware wallet is an actual device like a USB stick and is unhackable and can only function when plugged into a PC. Super secure. The one I use is called Ledger Nano S. Here is a look inside
You should be careful with this stuff because the values go crazy sometimes. You can lose half your money within hours, but if you're in it for the long run and have some extra cash to set aside it can be very profitable if you're patient. Just don't stare at the prices all day or you'll go nuts. Also there are a lot of scammers out there but crypto itself is legit and has a ton of uses. The next version of the internet is going to run on crypto. It's not just a type of money but also a way to transfer data.
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Well in Canada the easiest way to buy is through an app like Coinberry or Shakepay, but for more security I'd recommend opening a Binance account. It's the biggest crypto exchange and it's available in a lot of countries. It's kind of like a stock exchange. The most annoying part is going through verification and submitting your ID.
This is what Shakepay looks like. The problem with this one is that you can only buy 2 different cryptos. The good thing is that it's the 2 main ones. This screenshot was taken with half an Ether in there.
Screenshot_20211216-003705_Shakepay.jpg
You can see below that I had more and moved it out into another address (3.59123905)
Screenshot_20211217-011611_Shakepay.jpg
A crypto address might look like this 0x71C7656EC7ab88b098defB751B7401B5f6d8976F. It's like an account number. Every time you want to send or receive crypto you just put your address in the app, kind of like how you'd put an email in other payment apps. The app you use to store your addresses is called your wallet. Exchanges are also pretty much like a wallet and will store your addresses. The other type of wallet is the best wallet you can use, called a hardware wallet. While most wallets are apps like I said, a hardware wallet is an actual device like a USB stick and is unhackable and can only function when plugged into a PC. Super secure. The one I use is called Ledger Nano S. Here is a look inside
You should be careful with this stuff because the values go crazy sometimes. You can lose half your money within hours, but if you're in it for the long run and have some extra cash to set aside it can be very profitable if you're patient. Just don't stare at the prices all day or you'll go nuts. Also there are a lot of scammers out there but crypto itself is legit and has a ton of uses. The next version of the internet is going to run on crypto. It's not just a type of money but also a way to transfer data.
Thank you so much!!! This helped me understand much more than all the videos and articles I went through...I seriously don't know how to thank you enough
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Don't pour your entire saving thinking you can be a millionaire overnight and you are good to go, I earned quite an amount from crypto so I would suggest investing some money in it. Forget about dogecoin or safemoon, those coin most likely already peaked and you won't earn much from it even if you buy now, try searching for some brand new project that start from 0..
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not regulated
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It seems to me that you got interested in bitcoin and cryptocurrencies too late because now the cryptocurrency market is collapsing. About a year ago, investing in different coins and earning money was still possible. Still, those days have passed because bitcoin is falling in price. Therefore all investors are no longer interested in this project. I have been investing in cryptocurrency for about 2 years. I have earned more money on this, and now I plan to hire a financial adviser from humaninvesting.com so that he will advise me on where to invest my money so that by retirement, I will already be a millionaire.
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Cryptocurrency is a digital payment system that does not involve banks in verifying transactions. It is a peer-to-peer system that allows any one, anywhere, to send and receive payments. And I recently learned about Dice games related to crypto and I became interested in learning more about them, I think the next couple of months I will completely immerse myself in this
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