Crypto Payments 101: A noob friendly guide on how to pay to a src

ruxin32424

Member
Im about to pass out so ill post this tomorrow, but it appears this has become a common question among literally almost every thread so hopefully I can eliminate that redundancy moving forward.
 
Ok gonna keep this as top level as it needs to be with the basics and everything else can be googled (even this shit can be googled but i know most of you fucks are too lazy to do it yourself).

When you place an order with a src and intend on paying with crypto, you'll make the order and the src will send you an address to their crypto wallet which will look like a variety of iterations of this:

1z4hru5jlow77weddho00621fug

This is where you will need to send the payment to. In order to do this you first need to have an account setup with one of the following;

an onramp: coinbase, cashapp, gemini, robinhood, etc
an exchange: coinbase pro, binance, ftx, bybit, kucoin, etc

If you are a privacy lord than you will want to use a VPN (i wont list any because thread jockeys are tribal as fuck about which ones they use) so just google that shit and pick one. As an extra step you can purchase a hard wallet (ledger, trezor, etc) for additional security measures which i'll touch on later.

In addition depending on which onramp or exchange you use they will have KYC/AML (google it) procedures based on where you are geographically located. For instance, is you are in north america and you go to sign up on coinbase you will need to input all of your actual info plus upload a picture of your drivers license or govt issued ID.

If this is something you are opposed to then I suggest you look into using a non-KYC option where all you need to create an account is an email address, i believe bybit is still a non-kyc option in some jurisdictions. You can find this info on the websites of all of those options listed above in regards to what countries and locations there services can be used; this is important because your VPN will need to be set to an IP located on a server in one of those locations.

Most of the options above will allow you to link your bank account, card directly to the account so you can purchase instantly. Some of them have holding periods for new customers, for bank acct vs. debit/credit card, etc so plan accordingly that you might have to wait 3-10days before your funds are available.

After you've setup your VPN, selected an onramp or exchange to use, created an account and linked your payment information you are ready to go.

Step 1: In order to get started you need a bank acct, debit card, credit card, or visa/mc/amex cash gift card.

Step 2: Once your account is created, link whatever payment method you are going to use to your onramp/exchange acct.

Step 3: Purchase the asset you are going to be using for payment to the src (usually this is BTC, ETH, LTC, DOGE, XMR)

Step 4: Once the purchase is completed, it is now in your wallet on that platform. If you are using an onramp then you are going to "send" the asset from your wallet to the srcs wallet using the address they provided you, if you are using an exchange you are going to "withdraw" the asset from your wallet to theirs using the address they provided you. In both cases you copy the address and paste it into the platform.

Step 5: More often than not there are minimal fees involved in sending funds to another location, depending on which platform you are using you can elect to send the funds slowly (cheapest), normal, or fast (costs the most), if that option isnt available then the platform has a standard fee that is shown when you are getting ready to send the funds.

Make sure to send enough that covers the fees so your source isnt eating them on their end. If its a good src with great customer service and speedy shipping than including a tip is a nice gesture.

Step 6: Write down how much you are sending and what the fee to send is.

Step 7: Click on send or withdraw, and usually you will now be able to click on a link or icon that will open a new page showing a block explorer where you can view the transaction. Depending on whether you send BTC, ETH, LTC etc, it will take a different number of confirmations on the blockchain to complete the send, which you can view in realtime on the block explorer. Take a screenshot once the transaction is listed as complete or confirmed in case you need it later.

Step 8: If your src requests you to email them back exactly how much you sent so they know you paid, this is why you did Step 6 above.

Step 9: Most srcs will send you a payment confirmation (which is a nice feature) but if they dont, and any issues arise the screenshot you have of the completed transaction from above is your proof of send.

Now you are done.

Additional privacy:

If you want to add an extra layer of privacy then you can purchase a hardwallet and instead of sending directly from your account to the src, you can send to the hardwallet and use rotating wallet addresses, then send from the hardwallet to the src.

Hope this helps.

-rux
 
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