I just took a look and shiba inu is almost double the price this week.  So if someone put in 50000 dollars and then after a week, well they are up almost double the amount.

Could you stake usdc/usdt or stablecoins there?

Thats correct.  Im from New York.  So I cannot use binance.US or kraken or any of those staking coin sites like blockfi, celsius, nexo.


Which is why i want to know where can i stake stablecoin and buy altcoins to trade.

I heard of pancake and uniswap.  So those are like exchanges similar to like coinbase/gemini except ... what reason?


So basically those sites do not restrict anyone due to location and no KYC?


But i got to assume the fees you pay there for coin trading is much more than coinbase/gemini/binance right?


Again i can't use either binance anymore... because even though im outside the US now, binance requires KYC so I can't use it.  And I can't use binance.US because im from a restricted state in the US.


Because lot of coins i see on coinmarketcap, almost always those coins are available on binance ... but i can't use it.

So I want to stake coins to earn interest.  My issue is I'm a US citizen that is from a restricted state where many sites do not allow customers from my state.  I am however abroad pretty much all year though but that doesn't matter since they want your ID and thus they see im from that state in the US.


I know there is blockfi, celsius and sites like that which give a lot of interest in coins like usdt/usdc which are stablecoins.  I do not own any stablecoins though but would buy them to earn interest.


I can only use coinbase/gemini.  But gemini does seem to offer interest on their GUSD which is like 8.4 percent?  So that is my only option?


I do also have waves and I see in the waves exchange client, i could stake usdn which seem to be a stable coin but its only worth 0.98?  But it use to be one dollar?


Are there any other options for me to stake coins for interest?  I would prefer to stake stablecoins as I want like a flat amount of interest coming every month.

Im a US citizen but abroad pretty much all year.  I also am from a restricted state in the US... so I cannot use binance.US or kraken.  I can no longer use binance since they require KYC.  I had zero issue using it since i used it outside the US where I am mostly until they are now doing KYC.


Obviously binance has the most selection of altcoins available.  But can you really do much trading/investing if you are limited to coinbase/gemini?


There are tons of those altcoins with no names that eventually pump and I cannot even buy those coins since i can only use coinbase/gemini.  I mean if i could use binance.US and kraken... well that would be much better but I can't.  I remember i couldn't use bittrex anymore because they banned my state.


Anyone that is like this?


I wonder how do people even buy alts this way like those low market cap coin this way.

Any reason why coinbase/gemini can't have usdt/usdc with those networks?  They only have it with ETH network

Because after I check my nano ledger s and see the seed and the passphrase is correct in the hidden wallet... then i would just send all my btc from my old nano ledger s to the hidden wallet right?


Thus in the end, I will have a tiny amount of btc in the new nano ledger main wallet... and pretty much all the btc in the new nano ledger hidden wallet?


I know its mentioned I could still do this with just my one current nano ledger s but wouldn't it be very easy to make a mistake somehow?  Of course you need to make sure your seed is correct before you do any of it.


But i feel like getting a second nano ledger would make this process much easier?


But If I get a second nano ledger, couldn't i just enter my seed into that one and restore my btc there... so i dont want to do all those steps?  Because well i still have my current nano ledger?




Because when you think about it... if you do the 25th word aka passphrase with the hidden account... well even if your seed is stored in one location whether its in your apartment or in a bank safe deposit or even in the cloud or in a password manager, well even if its exposed... as long as you have that passphrase and it isn't written down... aren't you generally safe?


Or say you have the seed in your apartment or bank safe deposit box.  And say you write your passphrase in a password manager and save it in the cloud... wouldn't that be still safe?


Because if someone has your seed... they only have access to your main wallet and not your hidden wallet.  So wouldn't that make having this passphrase good in that you don't have to store your seed in multiple locations or do that thing where you store your seed in two of three places?  Of course you need to make sure you remember you passphrase.



But if your passphrase isn't a real complex word... is it still not that good?



Example your passphrase is




jerrywentoverthereagain

jerrylikestodrinkvodka0



I mean that is pretty good passphrase as long as you can remember it or write it down somewhere or store it in password manager as long as your seed isn't online?

Okay the more I think about this... I think most people should probably do it?


The thing right now is im outside the US and don't have my seed with me at the moment.  I do have my nano ledger s.  So the next time im back in the US and want to do this... I will most likely order another
nano ledger s.


Then when I receive it, generate the seed and put it wrong three times to reset it.  Then get a new seed.  Then send a tiny amount of btc to the new nano ledger.  Then put wrong pin three times to reset it.


Then enter the new seed i wrote down to see if the tiny amount of btc I sent is there.  Once its there... the seed is correct. 


Then I would create a new seed and then write my own passphrase word?  Or that is not necessary to generate a new second seed for the new nano ledger?  Once I do that... put wrong pin three times for that hidden account.  Then enter that new second seed i wrote down to restore it. 


Then I would send a tiny amount of btc from my original nano ledger to the new nano ledger hidden address.  So after this is done... I will have tiny amount of btc in the new nano ledger wallet and the hidden wallet.


Then put wrong pin in the new nano ledger.  Enter the new seed to restore it.  But am I suppose to have one seed or two seeds for the new nano ledger if i want it to have a main wallet and hidden wallet?

I traded the an altcoin for btc.  I noticed that my bnb balance was deducted as the fee.  Is that normal?


Why isn't the fee taken from btc?  Why is it taken from bnb?  So if i had no bnb in my account, the fee would been taken in btc?


I remember a while back when i had a binance account, i bought some bnb specifically because i read if you have that... your trading fees would be less than if you use btc.


But are the fees still the same whether you use bnb or btc to pay?


So I didn't have the option to pay the fee in btc?

So I withdrew from binance recently and did btc as the withdraw method.


However... i noticed my btc withdraw limit is 2btc?  How is this possible when i never sent in verification?


After i did the btc withdraw... now my btc withdraw limit for the day is like 1.97 btc?  Did anyone else notice this?

Okay so i just withdrew my balance on binance via btc and using the btc network.    But i wanted people opinion on this.


Yea i heard hitbtc has very high withdraw fees... but i never used that exchange ever.  That is ridiculous with those fees.


Well my thought was this.  When i converted the altcoin to btc.  And the tiny amount of bnb to btc.   I thought about converting my btc... roughly 2k worth of btc... i thought instead of paying the btc fee... convert it to usdt/usdc and withdraw via binance smart chain.  Then send it to my nano ledger s and pay less than a dollar.


But when i want to send that usdt/usdc via binance chain to say one of those sushiswap or peer to peer places, well thats going to cost me another dollar.  But what about when converting that to btc then?  Because well you have obviously have to pay a fee to trade usdt/usdc binance smart chain to btc... so in those places... wouldnt the fee to trade be much higher?  So let say i now have 2k - 2 dollar sending fee since well it would cost one dollar each time to receive from binance... and me sending the usdt/usdc to an exchange.  So its 2 dollar total fee now.  But when i convert that 1998 worth of usdt/usdc that is binance smart chain to btc... well isn't this going to cost me probably at least 1 percent? 


So by then... me converting it from usdt/usdc binance smart chain to binance is going to cost me another 20 dollars.  So now total fees i paid is now 22 dollars.  Then you have to add whatever fee that sushiswap or peer to peer place charges to send the btc back to my nano ledger and the price is going to be around 25 dollars or even more?


Is my math right on this?  Such as me trying to pay a lesser fee to withdraw on binance such as withdr

Okay so i just withdrew my balance on binance via btc and using the btc network. 


Yea i heard hitbtc has very high withdraw fees... but i never used that exchange ever.  That is ridiculous with those fees.


Well my thought was this.  When i converted the altcoin to btc.  And the tiny amount of bnb to btc.   I thought about converting my btc... roughly 2k worth of btc... i thought instead of paying the btc fee... convert it to usdt/usdc and withdraw via binance smart chain.  Then send it to my nano ledger s and pay less than a dollar.


But when i want to send that usdt/usdc via binance chain to say one of those sushiswap or peer to peer places, well thats going to cost me another dollar.  But what about when converting that to btc then?  Because well you have obviously have to pay a fee to trade usdt/usdc binance smart chain to btc... so in those places... wouldnt the fee to trade be much higher?  So let say i now have 2k - 2 dollar sending fee since well it would cost one dollar each time to receive from binance... and me sending the usdt/usdc to an exchange.  So its 2 dollar total fee now.  But when i convert that 1998 worth of usdt/usdc that is binance smart chain to btc... well isn't this going to cost me probably at least 1 percent? 


So by then... me converting it from usdt/usdc binance smart chain to binance is going to cost me another 20 dollars.  So now total fees i paid is now 22 dollars.  Then you have to add whatever fee that sushiswap or peer to peer place charges to send the btc back to my nano ledger and the price is going to be around 25 dollars or even more?


Is my math right on this?  Such as me trying to pay a lesser fee to withdraw on binance such as withdrawing usdt/usdc on binance smart chain or doing BUSD... would cost me similar or even more maybe because when i swap that usdt/usdc/BUSD on those exchanges, i will pay a much higher fee to trade?

Spot trading... is that trading immediately on market limit?

Ok now the staked wave do show up.  Is this some kind of glitch in the waves client?

I have roughly around 2k usd worth of btc right now on binance.


So with that... what do you suggest?  Withdraw via btc? 


The other issue i had was this.  I cannot use binance or binance.us as where im located, im restricted.


So my concern was selling the usdt/usdc/BUSD in the future.  Thoughts on that?  Again if i withdraw usdt/usdc, obviously i would use the binance smart chain because of the low fee.  But coinbase/gemini which are the two only exchanges i can use... doesn't support usdt/usdc via binance chain and only ETH chain.  And obviously i won't withdraw usdt/usdc via ETH since that would cost more than me withdrawing btc.


I did read i could use those peer to peer and exchanges like sushiswap to swap coins like usdt/usdc/BUSD in the future though?  But how high are the fees though?  Example in your example you mention when you trade it in future... you would have to consider the fees.  But if i trade 2k usd worth of usdt/usdc binance smart chain or 2k BUSD... how much in fees am i looking to pay when i convert it to btc? So isn't there a chance that might cost me more in the future?

Posted this in another thread.


Yes I find the btc withdraw fee quite a lot which is why i kind of dont want to withdraw that way.  Again the reason isn't the usd price the withdraw price is worth to withdraw... its the btc amount.  So if btc goes ten times it... well you would have paid 250 dollars as oppose to 25 dollars for it.


The thing is i had converted my altcoin, and a tiny amount of bnb to btc already.


I am planning to withdraw it now... but are some of you suggesting to not do it this way?  Thus just convert the btc to usdt/usdc in binance smart chain network or BUSD and then withdraw so i dont have to pay the fees?  I know the simpler thing to do is just pay the fees so withdraw will be simpler.


Why do people suggest BNB?  Yea withdraw fee is low but the issue is the price still fluctuates.

Yes I find the btc withdraw fee quite a lot which is why i kind of dont want to withdraw that way.  Again the reason isn't the usd price the withdraw price is worth to withdraw... its the btc amount.  So if btc goes ten times it... well you would have paid 250 dollars as oppose to 25 dollars for it.


The thing is i had converted my altcoin, and a tiny amount of bnb to btc already. 


I am planning to withdraw it now... but are some of you suggesting to not do it this way?  Thus just convert the btc to usdt/usdc in binance smart chain network or BUSD and then withdraw so i dont have to pay the fees?  I know the simpler thing to do is just pay the fees so withdraw will be simpler. 

Okay got it ... withdraw to the btc network the third option because im using a nano ledger.



Now when I go to my nano ledger and using it with ledger live to get my btc receiving address for my nano ledger, i click on receive and i have several options to pick. 


Such as


Native segwit btc

Segwit btc


I have 0 balance in the native segwit and my full btc balance in the segwit balance.


I obviously am choosing the segwit balance right and getting that btc receiving address?  Thus it wouldn't make sense for me to withdraw btc to the native segwit?


But I could actually pick either if I like?  Or it would go through to the segwit and not the native segwit? 


I had clicked on segwit btc and then it showed me a btc receiving address.  But I didn't want to copy/paste that btc address yet to binance to withdraw until I am sure this is correct.

I am going to withdraw btc from binance to my nano ledger.  I haven't used it in a while and going to receive btc in it.


On binance, when I choose btc to withdraw, why does it give me multiple networks?



bnb  binance chain            = around 0.22 cents withdraw fee

bsc binance smart chain    =  around 0.22 cents withdraw fee


btc  = around 24 dollar withdraw fee

eth = around 27 dollar withdraw fee



Its obviously the third option right which is btc but how does anyone even withdraw btc to those other networks?

---

Now when I go to my nano ledger and using it with ledger live to get my btc receiving address for my nano ledger, i click on receive and i have several options to pick. 


Such as


Native segwit btc

Segwit btc


I have 0 balance in the native segwit and my full btc balance in the segwit balance.


I obviously am choosing the segwit balance right and getting that btc receiving address?  Thus it wouldn't make sense for me to withdraw btc to the native segwit?


But I could actually pick either if I like?  Or it would go through to the segwit and not the native segwit? 


I had clicked on segwit btc and then it showed me a btc receiving address.  But I didn't want to copy/paste that btc address yet to binance to withdraw until I am sure this is correct.

[moderator's note: consecutive posts merged]