But I need to stake and wait some time to get a crypto.com card no ??
No, not necessarily. Staking will give you some extra benefits, but you can still order a card if you don't want to do that. See the Midnight blue card from the link I shared.
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1. It depends on how you're comparing. Monero has its disadvantages as well but let's say it doesn't, do we really want bitcoin with that level of anonymity when mass adoption is the goal? IMO, transparency is also very important. 2. That's true. The block explorer doesn't mean anything though. The sender, receiver, and amounts can still not be disclosed with or without block explorers. 3. Yes, there's TornadoCash. It's a decentralized protocol.
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-snip-
If I had to guess, I would say it's probably just a problem with the 50euro denominations (of your country) otherwise many other people would've reported it and they would've fixed it already. It would be interesting to know what happened to the cards though. If I were you, I'd reach out to IKEA as well, and try to figure out what happened and see when they were redeemed and what was bought (if possible). This should help you get your refund from Bitrefill quicker since they're dealing with a third-party supplier.
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I transferred via Blockchain where the fee was automatically calculated at checkout. I didn't see an option to enter a fee myself. Is this an account specific feature?
You're referring to Blockchain.com wallet? If so, although It's been a long time since I last used that wallet, I believe it's still possible to customize the fees. Either manually or by selecting (Slow, regular, fast) as shown here:
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Thanks for your reply. I am sending Bitcoin to a GBP forex trading account, so I presume it may be higher or lower when automatically converted on their end if the GBP value changes?
Yes, but it won't change that much. Bitcoin's price is not that volatile. Just make sure to pay enough fees so your transaction gets confirmed and credited to your account more quickly.
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This will probably sound like a silly question, but I am really not clued up on crypto at all. Say, for example, I send Bitcoin to a friends wallet and it takes a long time to arrive. Will the amount be affected by price fluctuations in transit or is it set in stone? Hope this make sense!
You're not sending him USD, you're sending him BTC. So If you send him 1 BTC, he will receive that full amount. What could change is the USD value. I can send you 1 BTC (39,000$) and by tomorrow, the price can go up to 40K but you will still have that 1 BTC regardless of whether the price goes up or down.
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Even p2p with no KYC for credit car purchases almost extincted, KYC has became mandatory to avoid money laundering and purchase using stolen cards which is actually good for the cryptocurrencies but it may take the anonymity so if it is your most priority then you need to find someone personally and pay premium price for it.
I was actually referring to card providers that allow C2C transfers such as Payoneer, Paysera, Wise, etc. which AFAIK P2P exchanges never did anything to prevent dealing with them, it's the user's responsibility to choose whom to trade with and not the platform's. The same thing applies to gift cards, we know that plenty of them are bought with stolen credit cards, but you can't expect the exchange to ban them or delete the listings just because there's a certain risk associated with them.
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Just so you know you aren't limited to coinbase only when buying coins, there are other options that have higher limits per day than coinbase and you don't need to pass any type of KYC verification.
What kind of reputable service would allow buying and selling crypto with bank accounts/credit cards with no KYC? Unless you're referring to P2P platforms, this sound like a service people should stay away from.
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I just checked the website and here are some of my thoughts:
1. You're using that even the reloadable card won't need a KYC verification. How did you manage to do that and what changed? 2. On the site, you're saying that the user can use "any name". That doesn't safe at all, does it? What happens if you're required to ask the user to verify his ID due to some suspicious activity? 3. What's the difference between "reloading a card" and "funding the account"? It says 0$ for the former and 5% for the latter. Which one actually takes place when I want to add more funds to my card? 4. Are these fees real? 15% + USD for withdrawing funds to PayPal, SEPA, or anything else is just too much. Why would anyone use that instead of going to a non-KYC P2P exchange and changing his crypto for way lower fees? 5. The reloadable card is also pretty expensive. 65$ for issuing a virtual card? 6. You said the cards can hold up to 4000 USD. Does that mean you can reload the card as long as the overall balance doesn't exceed that amount?
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-snip- most probably the operators will need a bit of time to get fully legal and then re-deploy the machines, maybe with more KYC enforcement rules, maybe with higher fees too.
That's the thing though the fees are already high as they are right now, increasing them would not attract more users, especially if they're going to enforce KYC. Why would anyone (aside from tourists maybe) use them anymore when exchanges are offering way lower fees.
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I would go with Bitmover's suggestion. Splitting funds is probably the ideal solution here. You should keep the majority of your funds on a hardware wallet because it's more secure, but since you're planning to spend on a regular basis, a mobile wallet is may be more convenient for that, especially if you're going to do that when you're outside. -snip- I don't like Ledger Live software as it lacks fees/transaction customization.
Apparently, it's available: https://support.ledger.com/hc/en-us/articles/360021039173-Choose-network-fees?docs=true
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Thank you Findingnemo.
Question: My friend has an account in something called advcash and I know his account number (wallet). But when I tried to register on that site, I couldn't because it said that Advcash is not allowed for U.S. citizens. But would I be able to send Bitcoin from my Coinbase account to his advcash account? Or would I be prohibited from doing that because I'm a U.S. citizen?
It should be possible. It's the same concept I explained above with KUNA. You should withdraw the funds from your Coinbase wallet to his Advcash deposit/receiving address. You won't be able to use "account number" because that's only meant for users using the same service (Kuna to Kuna) or (Advcash to Advcash).
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Thank you OmegaStarScream!
So...to do the actual transfer, I'm guessing that after he creates an account in KUNA, he lets me know his account number, and then there's some option in Coinbase for transferring the Bitcoin to him? (Again, I obviously know nothing about Bitcoin or how it works.)
Yes. He shouldn't give you the account number though, the bitcoin address is what you need. Once he makes an account and verifies his identity, he should head to the assets tab and then choose "Deposit" for Bitcoin. I just made an account, here's what the deposit page looks like[1] Note: I never used the platform myself so I really can't vouch for them but they look legit based on what I read online. I encourage you to do more research about them. And If you want to know more about the platform (payment methods, etc.) you can reach out to the team from here[2]. [1] https://i.imgur.com/IO0cQTf.png[2] https://support.kuna.io/en/support/solutions
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I'll try to keep this as simple as possible: 1. Use an exchange to buy bitcoin. Since you're from the U.S, I would suggest you use Coinbase[1] 2. You then have one of the two options: a) If your friend needs the bitcoin, then you should ask him to install Electrum[2] and to give you his receiving address. b) If he wants to convert the BTC to fiat (UAH) then you ask him to make an account in KUNA[2] (a Ukrainian exchange) 3. Withdraw Bitcoin from your Coinbase account to either his Kuna's or Electrum's receiving address. 4. If he went with (b) then he can sell the BTC for his local currency. [1] https://www.coinbase.com/buy-bitcoin[2] https://electrum.org/#download[3] https://kuna.io/en/
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Although I never tried this process myself, you should be able to do that with eToro since they support both Oil and BTC trading on their platform.
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