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Bitcoin may be a bit difficult to learn and understand in the beginning. I invested in 2015 and have no complaints. I use Coinbase to purchase/send transactions. Coinbase uses a well designed app and web based browser system with MFA. Once a transaction is sent, there is no Indian giving. You can't retrieve it. I also like using Bitcoin through Coinbase for the privacy. The primary caveat in bitcoin transactions is the amount of time between the "send" and the "receive". It is not instant like a Zelle transaction. Bitcoin transactions may take a few minutes. So be patient. Want to transfer Coinbase bitcoin to your US bank account? Sure, the Coinbase app is easy to use and it takes only a few minutes to transfer. The downside to bitcoin is simple. Uncle Sam now wants a piece of your profit.
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This is why merchants love it. It's perfect for internet commerce. But it's too "slow" for in-person transactions. LTC and other altcoins are better for those.
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There was a blog recently by a lady that said her Coinbase account was frozen due
to suspicious activity. She didn't go into any detail. But was not able to get her money
back. You now have to have more security when using crypto exchanges than just
using your phone number for verification. There is a high probability that your account
will be hacked. I use a security key by Yubico . But setting it up not as simple as it appears.
And I only use a desktop for conducting crypto transactions.
Also there are reports that say that thieves are now stealing phones from
people to access their financial accounts and steal as much money as possible.
I don't have apps that access bank and crypto accounts on my phone.
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i receive bitcoin/eth/USDC all the time.
Once its sent and in your wallet there's no way they can reverse it. Only way for it to be reversed is for them to have a quantum computer to hack and maybe reverse the network up to the block that the transaction was recorded in. In other words its impossible. So you're good to go
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Crypto can work well, sometimes. The network fees for bitcoin can be ridiculous. Coinbase and CashApp can both seize funds in your wallet, so if you use either of those to purchase crypto I’d suggest transferring it to an external wallet. Some bitcoin ATMs will let you sell crypto for cash, but they’re harder to find than the one way ATMs.
These days it’s pretty simple & not much different than any other payment app. Just keep in mind that the network fees are separate from the app & fluctuate depending on what’s happening in the market.
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I have a tiny amount of bitcoin but I have to agree with the previous poster. Stocks are based on fundamentals which are easily researched, BTC is theoretical. I know a few people who have made a lot of money with crypto including BTC but it seems so scammy to my unsophisticated mind.
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fortunately some banks offer Zelle as as olution. i have had no problem with Zelle
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Dear Marissa, one good thing about Zelle, is, once the money is transfered it cannot be reversed.
You're smart enough to be a Personal Life's Coach, so go with that.
Open up a lil side account and your income comes from coaching motherfuckers how to act.
Or not?
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| There are 8 comments on this blog. |
