Crypto currencies 101.....for us neophytes.
- Thread starter ferniesnow
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BILTIT
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So i would like to buy XRP, what is the best way to do so?
BILTIT
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What are some crypto exchanges? Any that are better than others?
How to buy Ripple (XRP) in Canada 2023 | Finder CA
Learn how to buy Ripple in Canada with our simple step-by-step guide, then compare 19+ crypto exchanges where you can buy XRP.
www.finder.com
Couldnt really tell you. I mined my bitcoin years ago and buy once in a while from Bitcoin bank machines with cash.
If I want other cryptos, I use changely. But I use Bitcoin to buy them not Cad dollars.
All exchanges are all shady IMO so after you buy you'll probably want to transfer them to an offline wallet that you alone have the private keys for.
If you leave it on the exchange, they can steal it from you. Kinda like when you leave money in a bank, its not yours its the banks.
But its not insured and no ones bailing you out.
But if you want to do some "trading" for a quick profit, youll probably need to leave it on the exchange to do that.
Im a buy and hold for a long time kinda guy. And i realize that isnt everyones strategy.
Im a buy and hold for a long time kinda guy. And i realize that isnt everyones strategy.
BILTIT
Active VIP Member
Binance, the world’s biggest cryptocurrency exchange, is leaving Canada - National | Globalnews.ca
Cryptocurrency exchange Binance said Friday it is pulling out of the Canadian market, citing regulations that made doing business in the country 'untenable.'
globalnews.ca
hookedonboost
Active member
have been getting this from Coinbase, saying account is restricted until you answer these questions - they want to know how much you make, net worth - supposedly a government requirement?? anyone have a platform they use that keeps their nose outta your business?
BILTIT
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Yes it was required by govt, i seen that they require kraken to do the same but have not recieved anything from them yet.
ciphertrace.com
Canada Updates KYC Identity Verification Guidance for VASPs
On March 23, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) updated its Know Your Customer (KYC) guidance on money services business
ciphertrace.com
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hookedonboost
Active member
Thanks - will check it out
BILTIT
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I use a cold wallet (ledger) for storage, havent used it to purchase yet but will when the time is right.
jhurkot
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You wanna buy that centralized WEF trash?
Ripple
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BILTIT
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Patience...patience...You wanna buy that centralized WEF trash?
Ripple
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and...
jhurkot
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Technically I sorta like how XRP functions. It is very cheap to use and fast. But the fact that a company owns 40% of the tokens and they can freeze your assets makes it the opposite of what crypto is supposed to be.
BILTIT
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I honestly think all crypto is more controlled than we are lead to believe. I have a hunch with XRP, going to ride it out and see.
Something is going on, thats for sure.
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jhurkot
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You’re aware that anyone can write a memo on a transaction right?
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BILTIT
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I wasnt posting about the memo, just the transaction alone.
BILTIT
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mikeydoo
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WIth this scenario who hold the keys to the crypto? bitstamp? If so I'm not interested. I've been rug pulled before, this seems almost to good to be true.
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