Bitcoin

[loveyourbody]

hello mesos
I recently downloaded Bitcoin to make exchanges. Could someone explain to me how this works? It keeps taking me to the bitcoin website where it is asking for my credit card information to purchase Bitcoin. Another thing is does the address stay the same? The source sent me the information to send the Bitcoin to but it might take me a day or two to set this up. Do I still send it to the same address he provided or ask for the address again.
I do apologize if I seem uneducated but I am not familiar with this new way of payment. Just trying to make sure I do this right.

Please and thank you for the help. Sincerely LYB

 

[puckhog]

What is the name of the app you downloaded to purchase bitcoin? @loveyourbody

 

[loveyourbody]

What is the name of the app you downloaded to purchase bitcoin? @loveyourbody

Thank you for the reply sir

I downloaded
Bitcoin wallet by Bitcoin.com and coinbase. I am trying to figure out which one and how to use.

 

[SmallWoody]

if you buy coins using coinbase transfer those coins to a wallet. If you transfer the coins from coinbase to the source you will have a high chance of getting your coinbase account shutdown

 

[bolder]

@loveyourbody
Coinbase is probably the easiest to do, imo. Download the coinbase app and it will give you step by step instructions on what you need to do.
If you link your debit card you will have instant access purchasing coins after every step has been taken. Your weekly limit may be low to start but it will increase over time.
Bank Transfer will put a hold on your funds from what I’ve heard.
A lot of guys have had problems from coinbase but I have always used my debit and haven’t had any issues up to date.
Download a separate wallet to transfer funds to. For ex, like blockchain wallet. I’d suggest to do a small trial purchase of like $5-$10 from coinbase then send it to your blockchain or whatever alternative wallet you choose. This will give you a feel for how it works without having a lot of money involved.
Always send from your second wallet to the sources wallet.
This was how I started a cpl years ago. I don’t think it’s changed since then but I’m not sure.
Good luck.

 

[loveyourbody]

if you buy coins using coinbase transfer those coins to a wallet. If you transfer the coins from coinbase to the source you will have a high chance of getting your coinbase account shutdown

Then how do I buy the coins?

@loveyourbody
Coinbase is probably the easiest to do, imo. Download the coinbase app and it will give you step by step instructions on what you need to do.
If you link your debit card you will have instant access purchasing coins after every step has been taken. Your weekly limit may be low to start but it will increase over time.
Bank Transfer will put a hold on your funds from what I’ve heard.
A lot of guys have had problems from coinbase but I have always used my debit and haven’t had any issues up to date.
Download a separate wallet to transfer funds to. For ex, like blockchain wallet. I’d suggest to do a small trial purchase of like $5-$10 from coinbase then send it to your blockchain or whatever alternative wallet you choose. This will give you a feel for how it works without having a lot of money involved.
Always send from your second wallet to the sources wallet.
This was how I started a cpl years ago. I don’t think it’s changed since then but I’m not sure.
Good luck.

How long would It take before I can send close to $200?

I'm sorry guy this Bitcoin stuff is so annoying and inconvenient.

 

[SmallWoody]

Then how do I buy the coins?



How long would It take before I can send close to $200?

I'm sorry guy this Bitcoin stuff is so annoying and inconvenient.

You're fine with buying coins from coinbase. After you buy coins from CB send your coins to a wallet like electrum, exodus etc. once you send them to your wallet you are secure. you can send them to the source after that

 

[bolder]

How long would It take before I can send close to $200?

I'm sorry guy this Bitcoin stuff is so annoying and inconvenient.

Whatever your weekly limit on coinbase is what you can purchase. If it’s say $300 a week you can purchase your limit instantly if your debit card is linked to coinbase.
BTC is overwhelming and confusing at first for some people. But once you figure it out (actually doesn’t take long as you think) you will wish you started it sooner. Don’t be sorry. Asking questions is how we get answers man.

 

[loveyourbody]

You're fine with buying coins from coinbase. After you buy coins from CB send your coins to a wallet like electrum, exodus etc. once you send them to your wallet you are secure. you can send them to the source after that

So I need to transfer the bitcoins before I transfer to source?

Whatever your weekly limit on coinbase is what you can purchase. If it’s say $300 a week you can purchase your limit instantly if your debit card is linked to coinbase.
BTC is overwhelming and confusing at first for some people. But once you figure it out (actually doesn’t take long as you think) you will wish you started it sooner. Don’t be sorry. Asking questions is how we get answers man.

Is the weekly limit different for everyone? I am one of those people brother no thank you for the help thus far my friends.

 

[SmallWoody]

Yes, After purchasing your coins you need to send them to a wallet. I use both above that i posted.

If you buy your coins on coinbase and immediately send them to the source, you will have a good chance of getting suspicious activity slapped on your account from coinbase. so do what i posted above

 

[bolder]

Is the weekly limit different for everyone? I am one of those people brother no thank you for the help thus far my friends.

I’m not sure how the limit is issued exactly. Mine started at $300 week and now it’s 5g per week. No idea why really. I just did everything that coinbase asked when setting up my account with them.

I’d suggest you just download the coinbase app and follow their instructions to set up your account.

Once that is completed you can download a separate personal wallet like blockchain wallet, electrum wallet, loaf wallet, Jaxx wallet, and so on.

You purchase your bitcoins from the coinbase app. Look for ‘Buy bitcoin’ click on it. Enter amount you want to purchase (can even do $5 just to practice) hit buy and now you should have bitcoin.

Go to your other personal wallet and hit the REQUEST button. Then copy the address (this is a bunch of letters and numbers together you will see after hitting the request button). Hold your finger on those numbers and letters until the copy word comes up. Hit copy.
(It may also just say that it has been copied just by holding your finger on the address for a second. This is if you’re on your phone btw).

Now that you have copied the address from your personal wallet you now open back up your coinbase app.
Go to your bitcoin wallet. Click on it. You will then see an arrow at the top right corner. Click on it. You will enter the amount of money here that you are wanting to send. Enter amount. Then hit ‘next’ at the bottom.
This page is where you will copy your personal wallet address. Hold your finger down where the cursor is blinking on the space provided that says ‘To’. When the word ‘Paste’ appears click on it and it will paste your personal wallet address. (This is where you are trying to send your funds to from coinbase).
After it has been pasted hit next in the top right of the page.
Now you should be on the confirm send page. Here you can make sure everything looks like it should and if so you can now hit ‘Send’ at the bottom of the page.
This should send your funds from coinbase to your personal wallet.

After funds have been received in your personal wallet you can now send them to the source. Just repeat these steps and put in the desired amount you need to buy and send to your source.

!!Always buy a little extra to cover charges and fees that will apply when buying and sending!!

I tried to be as detailed as possible. If you run into any problems along the way just ask for help bro!

 

[marco11]

Or you can just find a bitcoin machine where you deposit cash and scan a QR wallet code for the cash to be deposit into. I've found much lower rates doing it this way in the past but sometimes depending on where you live the bitcoin machine can be difficult to find.

 

[mr_meanor]

It is important to know that bitcoin.com is owned by bitcoin cash (BCC) and they are seperate coins. The bitcoin cash guy did this on purpose to confuse people.

 

[HIGHRISK]

Use cashapp. Buy btc though them. Then transfer to blockchain wallet. Then to source.

 

[valuum]

Or you can just find a bitcoin machine where you deposit cash and scan a QR wallet code for the cash to be deposit into. I've found much lower rates doing it this way in the past but sometimes depending on where you live the bitcoin machine can be difficult to find.

Forreal, I do this because it's the most convenient, cash to BTC at 5-10% instantly. With how paranoid a lot of people are on here I'd think it'd be more popular. I live in a rural area and there's 2 machines about 25 min away. Any decent city is gonna have them I imagine.

The one I'm going to tomorrow is like 4%, right by the nike store too

 

[ickyrica]

@Oldschool

Happy Easter bro. Hope you guys down there are doing ok

 

[Oldschool]

Right back at you amigo. Thanks for the tag.