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How to use crypto

Also that link from @mike123 is not working in the UK as the service isn't available.

All crypto puchases in the UK now require KYC, so people have to sign up, provide an ID and then wait 24 hours before you can make the purchase and send someone crypto.
 
I paid for a service with crypto for the first time last week, no clue what I was doing but the payment landed with the seller eventually, took almost 24 hours but it got there.
Had to use an app called trust wallet.
 
My provider using any of them for few reasons only one let me use was Phantom, and i bought the amount i needed, and tried to send it, this where i need help all new to me this, i could only send half all it would let me and it says i have nothing left says i have £46.90 but cant sent anything cause dont have enough, why has it taken half money of for no reason. anyone help on this , kinda all new to me .
 
zack said:
My provider using any of them for few reasons only one let me use was Phantom, and i bought the amount i needed, and tried to send it, this where i need help all new to me this, i could only send half all it would let me and it says i have nothing left says i have £46.90 but cant sent anything cause dont have enough, why has it taken half money of for no reason. anyone help on this , kinda all new to me .
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Zack if you are not happy using crypto in the future find a supplier that uses paypal or bank transfer.
 
moshibeth said:
Zack if you are not happy using crypto in the future find a supplier that uses paypal or bank transfer.
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yes i know , he cheaper with crypto, i was just dont understand , i just put enough in my account , to pay for it but i was only allowed send half and says i have nothing left, its like stole half of it, can i ask is revelut easier to use than phantom is a nightmare, i got revelut app but never used it. cheers anyway.
 
zack said:
yes i know , he cheaper with crypto, i was just dont understand , i just put enough in my account , to pay for it but i was only allowed send half and says i have nothing left, its like stole half of it, can i ask is revelut easier to use than phantom is a nightmare, i got revelut app but never used it. cheers anyway.
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Putting money into crypto isn't the same as sending from bank to PayPal or similar, they charge you commission, so if you needed to send someone for example, £100, you'd have to put about £110 in as they'd charge you probably £5-6 admin fee, then when you send the £100, it may charge you another £5-6

You said earlier that you have £49.60 left in?
 
pabloescaban said:
Putting money into crypto isn't the same as sending from bank to PayPal or similar, they charge you commission, so if you needed to send someone for example, £100, you'd have to put about £110 in as they'd charge you probably £5-6 admin fee, then when you send the £100, it may charge you another £5-6

You said earlier that you have £49.60 left in?
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it says now i have £47,59 and i am only allowed to spend 0.00001 looks like i have been charged over £20 , well wont be using that again..lol
 
zack said:
it says now i have £47,59 and i am only allowed to spend 0.00001 looks like i have been charged over £20 , well wont be using that again..lol
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You get quite heafy fees using revolut unless you pay for premium monthly package. Gold ect which can be fee free.
 
zack said:
it says now i have £47,59 and i am only allowed to spend 0.00001 looks like i have been charged over £20 , well wont be using that again..lol
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The Phantom protocol token has been in a down trend and has dropped over 50% in the last few weeks.
Sellers should be letting you pay with stable coins as they rarely fluctuate and safer from big market drops.
PHM is a shit coin imo along with many thousands of others that are around.
As you can see it down and to the right is something you avoid unless you are shorting.
IMG_7595.png
 
Aristotle said:
The Phantom protocol token has been in a down trend and has dropped over 50% in the last few weeks.
Sellers should be letting you pay with a stable coins as they rarely fluctuate and safer from big market drops.
PHM is a shit coin imo along with many thousands of others that are around.
As you can see it down and to the right is something you avoid unless you are shorting.
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Very well explained 👍 bitcoin or LTC is the only one's I deal with.
 
moshibeth said:
Very well explained 👍 bitcoin or LTC is the only one's I deal with.
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They are more stable but can still have significant drops in times of market volatility.
Stable coins are more of a save haven when the markets are volatile but nothing is assured in crypto.
 
Aristotle said:
They are more stable but can still have significant drops in times of market volatility.
Stable coins are more of a save haven when the markets are volatile but nothing is assured in crypto.
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I've changed cash into crypto and within 5 minutes it's gone down by 25,% bloody bonkers
 
zack said:
it says now i have £47,59 and i am only allowed to spend 0.00001 looks like i have been charged over £20 , well wont be using that again..lol
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Phantom is the app, not the coin.
It looks like you have bitcoin or similar, a bitcoin might be £80k, so if you buy fifty quids worth, itll be 0.00001 bitcoin, it's still £50, you are trying to send 50 bitcoin, which would be £400k, send him 47 uk pounds and see what happens
 
pabloescaban said:
Phantom is the app, not the coin.
It looks like you have bitcoin or similar, a bitcoin might be £80k, so if you buy fifty quids worth, itll be 0.00001 bitcoin, it's still £50, you are trying to send 50 bitcoin, which would be £400k, send him 47 uk pounds and see what happens
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yes its app but bitcoin i am sending max i hit max see what happened 0.000000706 is £0.48 is most i can send .
 
moshibeth said:
I've changed cash into crypto and within 5 minutes it's gone down by 25,% bloody bonkers
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Yeah it can be volatile at times either way.
That’s why it would be better to use something like Tether USDT which is pegged to the dollar and only fluctuates with the dollar.
Fees can be cheap depending on the blockchain used.
 
Aristotle said:
Yeah it can be volatile at times either way.
That’s why it would be better to use something like Tether USDT which is pegged to the dollar and only fluctuates with the dollar.
Fees can be cheap depending on the blockchain used.
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Can i ask what is the best and easiest to use, cause i got about 7 all use my provider and aall use the fire stick, so i got pile problems coming my way, its still works perfect the stick, but for how long , then i got get new devices 4 are girls, and one over 70 no interest setting up, i owe him big time so i dont mind him , but they pay me and i pay him for sub, cheaper with bitcoin dearer with paypal, so i thought be easy its not easy as i thought it was lol
 
zack said:
Can i ask what is the best and easiest to use, cause i got about 7 all use my provider and aall use the fire stick, so i got pile problems coming my way, its still works perfect the stick, but for how long , then i got get new devices 4 are girls, and one over 70 no interest setting up, i owe him big time so i dont mind him , but they pay me and i pay him for sub, cheaper with bitcoin dearer with paypal, so i thought be easy its not easy as i thought it was lol
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I don’t really buy and send crypto to private wallets.
I have only bought and sold it on crypto trading exchanges.
I would imagine there will be some on here who have more experience in doing what you are after doing.
 
Aristotle said:
I don’t really buy and send crypto to private wallets.
I have only bought and sold it on crypto trading exchanges.
I would imagine there will be some on here who have more experience in doing what you are after doing.
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Thanks anyway, i think just go back pay by paypal, was extra tener in my hipper, buts its such a pain in the ass..lol thanks anyway
 
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