Crypto currencies

I've been into crypto for some time now one thing many people overlook is security as it is a fact that bitcoin is by far the most decentralised and secure coin, don't let anyone tell you any different on that respect.

There are very good alt coins but theres hundreds now and only some of these will stand the test of time, investing in the big 3 for longterm could be good stepping stone.

Bitcoin BTC
Litecoin LTC
Ethereum ETH

You will need to learn about wallets to keep your coins and always chose a wallet that gives you your private seed, this seed makes the coins yours and if you ever lose you wallet you can get your coins back by entering your seed into another compatible wallet.

There are hardware wallets which are the most secure and probably a very good choice if you are planning on investing an amount you really want to protect, I personally use Trezor but there is also Nano ledger s too. You will have to pay for a hardware wallet.

Paper wallets are really another for of hardware wallet ethereum have a great site called myetherwallett and or mycrypto (make sure you visit the correct site at all times, very important)

Always keep your private seeds to yourself and never share them with ANYONE.

Never keep coins on an exchange as you don't have the private seed and therfothe in reality you don't own them.

Research the coin you are interested in, the team, the project, the market, the competition, total supply, circulating supply and so on.

Be careful when on social media as there are plenty of bad actors shills and fuders, don't fall for anything they say do your own research (DYOR) I'll name one bad actor for you, Roger Ver claims BitcoinCash BCH is bitcoin (it clearly isn't)

Remember when transfering coins you can usually set your own fee to transfer especially with bitcoin and Ethereum and erc20 coins.

Erc20 are coins built on the ethereum blockchain these account for a lot of alt coins.

As an example some of my coins include

Bitcoin
Ethereum
Litecoin
Ethos
NEO
carVertical
Redpulse
Trinity
Quantstamp
UTrust
OMG
Monero

A good thing to keep in mind is decentralisation, bitcoin isn't owned by a company person or group it has the most divers developers and miners and has the biggest hashrate.

Ripple XRP is a centralised coin built for the banks that the bank doesn't use so investing in something like this carries risk as with any centralised coin, that doesn't mean it won't go up in value tho it just means the risk is it can go up I'm a puff of smoke.

Take care out there, your in charge of your own coins if you lose them or don't take precautions and get your coins stolen or loose your seed and wallet no one will bail you out, they are gone.

Crypto is here to stay and the blockchain will change the world. Good luck.
 
I bought bitcoin in 2015 to pay for an iptv service as that’s all they would accept. Paid about 15 quid for some for a months service at say 13.99 that left me with change of .55 which I obv just left in my wallet as unsure what to do with it. Checked my wallet and it was worth £400 before Xmas - I was like cha ching then looked into how to get it out into actual money and realised it’s no simple task. So have just left it and since it’s dropped in value loads but still a lot more than it was.

Funny thing is I can’t even remember how I bought it. I’m pretty sure I just wired some money over to a person (gamble) and they put it into my wallet using my public address. Now it’s mental with all these different exchanges and currencies.

I guess the people who ran the iptv site must be millionaires now.

In any case not sure what to do with it - leave it, trade a bit of it or buy more. The fees and difficulty of it is putting me off though.

Ripple sounds good to me as it’s designed for banks and at some point the banks will have to get on board or get left behind.
 
I bought bitcoin in 2015 to pay for an iptv service as that’s all they would accept. Paid about 15 quid for some for a months service at say 13.99 that left me with change of .55 which I obv just left in my wallet as unsure what to do with it. Checked my wallet and it was worth £400 before Xmas - I was like cha ching then looked into how to get it out into actual money and realised it’s no simple task. So have just left it and since it’s dropped in value loads but still a lot more than it was.

Funny thing is I can’t even remember how I bought it. I’m pretty sure I just wired some money over to a person (gamble) and they put it into my wallet using my public address. Now it’s mental with all these different exchanges and currencies.

I guess the people who ran the iptv site must be millionaires now.

In any case not sure what to do with it - leave it, trade a bit of it or buy more. The fees and difficulty of it is putting me off though.

Ripple sounds good to me as it’s designed for banks and at some point the banks will have to get on board or get left behind.
You could privately trade it for ripple if someone was willing to do it.
Or check out coinbase, open an account linked to your bank account or credit card and send the bitcoin to your coinbase wallet.
Check out the fee's before doing anything, coinbase has the highest fees around but is a good starting point for trading.
 
You could privately trade it for ripple if someone was willing to do it.
Or check out coinbase, open an account linked to your bank account or credit card and send the bitcoin to your coinbase wallet.
Check out the fee's before doing anything, coinbase has the highest fees around but is a good starting point for trading.

Will have a look ta. Just been cleared to use bitstamp so when I get 5 I’ll start researching
 
There is away around the massive fees of coinbase. Have a look for an App called Revolut as you transfer money into that first and then transfer it in to Coinbase or GDAX which is coinbase. Have a look at vid below.

 
There is away around the massive fees of coinbase. Have a look for an App called Revolut as you transfer money into that first and then transfer it in to Coinbase or GDAX which is coinbase. Have a look at vid below.


Great video leemoo. Seems straight forward but I’ll watch again a few times before taking a dip. Best be making sure all the info added in is correct as I’d imagine if you make a mistake you’ll either lose your money or be waiting a long time to get it returned

I applied to join BitStamp before Christmas (still waiting to be approved) -- How long have you been waiting to be approved ???

Prob about 3 weeks I think. They said a two week wait due to high numbers wanting to join. Then they emailed to say it had been approved.
 
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Great video leemoo. Seems straight forward but I’ll watch again a few times before taking a dip. Best be making sure all the info added in is correct as I’d imagine if you make a mistake you’ll either lose your money or be waiting a long time to get it returned.

Cheers mate! It is straight forward but I watched another video a mate sent across and it had missed a step so i did get a little confused in one place lol.
 
to avoid coinbase transaction fees go to GDAX (its coinbase exchange) and login using your coinbase details, go to account and transfer your coins from coinbase to GDAX its free and instant then send your coins from there to anywhere else for free GDAX pay the fee.

To purchase with little fees using £GBP get the revoult app for you smartphone and the fire banking app go through the sign up processes and get verified with fire.
Now send money to revoult app then send to fire and then from fire to GDAX now you can buy bitcoin with only a small fee.

Revolt actually have a premium tariff that will let you transfer straight to crypto exchanges but its £6.99 a month, if your going to be buying a lot through the month even £6.99 will save you a lot of money compared to the coinbase fees.

Coinbase i hope will start bringing down the high fees as they now accept segwit and are now batching transactions.
(main reason why bitcoin fees are low again)

the fire personal app requires 3 forms of ID: a photo id...proof of address...and another of either
 
Some good info there Snakefeet. One question - why use the 'Fire' app ? cant you just use the Revolut app for the transfer to GDAX
 
Some good info there Snakefeet. One question - why use the 'Fire' app ? cant you just use the Revolut app for the transfer to GDAX
You can use the revoult app to send to crypto exchanges only if you pay for the premium version at £6.99 a month. The basic revoult free package doesn't allow crypto exchanges.

Fire allows everything but you first need to send money to it easiest way is using revoult-fire-gdax.

If buying a large amount or even just a few £££s within a month the premium revoult feature at £6.99 would still be a lot less than what coinbase would charge you.
 
It looks like Coinbase charges have gone down a little in the past month.
Lets hope Crypto prices go the other way ! :)
 
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