Side Hustle
12-28-2020 | 11:30 AM
#521
Gets Weekends Off
Joined: May 2015
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From: A350 Both
Anyone know how one starts in cryptocurrency? I don't want an ETF because I want to hold the investment behind the protection of the blockchain. I guess what I am asking is how does one obtain one of those 'wallets'?
12-28-2020 | 12:14 PM
#522
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Joined: Aug 2014
Posts: 229
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The easiest way would be through PayPal or Square. Although, I don’t think you can sell them for cash through those platforms. Edit: they only use Bitcoin.
Coinbase is also an easy way. They can store it for you through their wallet or you can download a wallet to your computer and send it there. This is hot storage. You can buy a dedicated wallet as well. Kind of like a usb drive for offline “cold” storage. You would then send your crypto to your wallet.
There may be others.
cold = more secure but more difficult to transact
hot = less secure but easier to transact.
Coinbase is also an easy way. They can store it for you through their wallet or you can download a wallet to your computer and send it there. This is hot storage. You can buy a dedicated wallet as well. Kind of like a usb drive for offline “cold” storage. You would then send your crypto to your wallet.
There may be others.
cold = more secure but more difficult to transact
hot = less secure but easier to transact.
12-28-2020 | 06:25 PM
#525
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Joined: Feb 2011
Posts: 784
Likes: 7
12-29-2020 | 09:12 AM
#529
Gets Weekends Off
Joined: Apr 2018
Posts: 4,136
Likes: 554
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