Bitcoin

[TheHulk]

How does the whole process of buying/sending bitcoin work. Do you do it through something like Coinbase? Sorry if this is a stupid question.

 

[FCKY11c]

Yes you do it through Coinbase. Once you’re ready to send the funds who ever will give you a address code to send payments to, it’ll take a few mins and then your g2g

 

[stevebroussard207]

Not a huge fan of coinbase. Takes 20 days to be able to send your funds outside of coinbase. I prefer either a local bitcoin atm (although the fees can be as high as 12% so watch out) or using the cash app. If your’re going to use coinbase MAKE SURE to never send bitcoin using the app, they will deactivate your account. Always send to a secondary wallet such as blockchain first, then send the coins to the sources bitcoin address. Hope this helps

 

[Fatbricks]

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

 

[djmill12]

stevebroussard207" pid='37104' dateline='1547369345:

Not a huge fan of coinbase. Takes 20 days to be able to send your funds outside of coinbase. I prefer either a local bitcoin atm (although the fees can be as high as 12% so watch out) or using the cash app. If your’re going to use coinbase MAKE SURE to never send bitcoin using the app, they will deactivate your account. Always send to a secondary wallet such as blockchain first, then send the coins to the sources bitcoin address. Hope this helps

Not a stupid question, nearly all of us were there once and it can appear quite daunting at first, but yeah, if you’re lucky and you live in a city that has bitcoin ATM’s then the entire process can be done in less than an hour. I think the one near me charges a 15% fee.

 

[Tony_Parks]

Fatbricks" pid='37137' dateline='1547405204:

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

 

[stevebroussard207]

Tony Parks" pid='37146' dateline='1547410078:

Fatbricks" pid='37137' dateline='1547405204:

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

You have to send the bitcoin to the blockchain wallet first before sending the $$$ to the source. This applies if you are using cash app or coinbase. Something to do with those apps being regulated and blockchain wallet not being regulated.

 

[Tony_Parks]

stevebroussard207" pid='37147' dateline='1547410658:

Tony Parks" pid='37146' dateline='1547410078:

Fatbricks" pid='37137' dateline='1547405204:

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

You have to send the bitcoin to the blockchain wallet first before sending the $$$ to the source. This applies if you are using cash app or coinbase. Something to do with those apps being regulated and blockchain wallet not being regulated.

Pardon my ignorance on this. When using coinbase, the source has sent a long sequence of letters and numbers-a BTC wallet as I understand it-and I have just typed that in and hit send and was done. Is Cash App like that too?

 

[Fatbricks]

Tony Parks" pid='37146' dateline='1547410078:

Fatbricks" pid='37137' dateline='1547405204:

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

Take the time right now to begin the verification process for the cash app… Make sure you get verified for Bitcoin withdrawal… Takes up to a week… Yes you can transfer directly to a source but the problem is the Bitcoin withdrawal is shown in actual Bitcoin and not us dollars so you don’t know for sure if you are sending the exact amount required… Just withdraw it to blockchain, takes about 20 seconds more… Then you can choose the exact dollar amount to send to the source… Trust me, I have tried it both ways and one time I needed payment verification for a payment I sent and it took like 2 weeks to get it from the cash app customer service… Ever since then I always transfer from cash app to blockchain… I learned from my mistake (luckily I didn’t get fucked by it)… But seriously… Using this little process to get and send Bitcoin is the cheapest and easiest way I know… Once you do it once or twice it will be so simple for you… Sometimes you do lose a dollar or 2 in the transfer between the 2 platforms, but that is due to the fluctuating Bitcoin price and not a fee that is charged by either service… For reals though… After reading this I would open your cash app and start the process of being verified… You have nothing to lose by doing this and next time you need Bitcoin, you will be good to go

 

[Tony_Parks]

Fatbricks" pid='37151' dateline='1547411411:

Tony Parks" pid='37146' dateline='1547410078:

Fatbricks" pid='37137' dateline='1547405204:

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

Take the time right now to begin the verification process for the cash app… Make sure you get verified for Bitcoin withdrawal… Takes up to a week… Yes you can transfer directly to a source but the problem is the Bitcoin withdrawal is shown in actual Bitcoin and not us dollars so you don’t know for sure if you are sending the exact amount required… Just withdraw it to blockchain, takes about 20 seconds more… Then you can choose the exact dollar amount to send to the source… Trust me, I have tried it both ways and one time I needed payment verification for a payment I sent and it took like 2 weeks to get it from the cash app customer service… Ever since then I always transfer from cash app to blockchain… I learned from my mistake (luckily I didn’t get fucked by it)… But seriously… Using this little process to get and send Bitcoin is the cheapest and easiest way I know… Once you do it once or twice it will be so simple for you… Sometimes you do lose a dollar or 2 in the transfer between the 2 platforms, but that is due to the fluctuating Bitcoin price and not a fee that is charged by either service… For reals though… After reading this I would open your cash app and start the process of being verified… You have nothing to lose by doing this and next time you need Bitcoin, you will be good to go

Thanks, that is very helpful. I am ready to go on the cash app. I’m verified for bitcoin withdrawal. When you say withdraw it to blockchain, does that mean to my coinbase account? If so, that sounds easy enough. Excuse the dumb questions. I’m brand new to virtual currencies.

 

[yelruP]

Tony Parks" pid='37156' dateline='1547414029:

Fatbricks" pid='37151' dateline='1547411411:

Tony Parks" pid='37146' dateline='1547410078:

Fatbricks" pid='37137' dateline='1547405204:

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

Take the time right now to begin the verification process for the cash app… Make sure you get verified for Bitcoin withdrawal… Takes up to a week… Yes you can transfer directly to a source but the problem is the Bitcoin withdrawal is shown in actual Bitcoin and not us dollars so you don’t know for sure if you are sending the exact amount required… Just withdraw it to blockchain, takes about 20 seconds more… Then you can choose the exact dollar amount to send to the source… Trust me, I have tried it both ways and one time I needed payment verification for a payment I sent and it took like 2 weeks to get it from the cash app customer service… Ever since then I always transfer from cash app to blockchain… I learned from my mistake (luckily I didn’t get fucked by it)… But seriously… Using this little process to get and send Bitcoin is the cheapest and easiest way I know… Once you do it once or twice it will be so simple for you… Sometimes you do lose a dollar or 2 in the transfer between the 2 platforms, but that is due to the fluctuating Bitcoin price and not a fee that is charged by either service… For reals though… After reading this I would open your cash app and start the process of being verified… You have nothing to lose by doing this and next time you need Bitcoin, you will be good to go

Thanks, that is very helpful. I am ready to go on the cash app. I’m verified for bitcoin withdrawal. When you say withdraw it to blockchain, does that mean to my coinbase account? If so, that sounds easy enough. Excuse the dumb questions. I’m brand new to virtual currencies.

No not to coinbase. Blockchain wallet.

 

[Fatbricks]

Tony Parks" pid='37156' dateline='1547414029:

Fatbricks" pid='37151' dateline='1547411411:

Tony Parks" pid='37146' dateline='1547410078:

Fatbricks" pid='37137' dateline='1547405204:

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

Take the time right now to begin the verification process for the cash app… Make sure you get verified for Bitcoin withdrawal… Takes up to a week… Yes you can transfer directly to a source but the problem is the Bitcoin withdrawal is shown in actual Bitcoin and not us dollars so you don’t know for sure if you are sending the exact amount required… Just withdraw it to blockchain, takes about 20 seconds more… Then you can choose the exact dollar amount to send to the source… Trust me, I have tried it both ways and one time I needed payment verification for a payment I sent and it took like 2 weeks to get it from the cash app customer service… Ever since then I always transfer from cash app to blockchain… I learned from my mistake (luckily I didn’t get fucked by it)… But seriously… Using this little process to get and send Bitcoin is the cheapest and easiest way I know… Once you do it once or twice it will be so simple for you… Sometimes you do lose a dollar or 2 in the transfer between the 2 platforms, but that is due to the fluctuating Bitcoin price and not a fee that is charged by either service… For reals though… After reading this I would open your cash app and start the process of being verified… You have nothing to lose by doing this and next time you need Bitcoin, you will be good to go

Thanks, that is very helpful. I am ready to go on the cash app. I’m verified for bitcoin withdrawal. When you say withdraw it to blockchain, does that mean to my coinbase account? If so, that sounds easy enough. Excuse the dumb questions. I’m brand new to virtual currencies.

No… Go to blockchain.com and create an account… Withdraw your funds to there… When you create an account on blockchain find where it says request, this will give you a bitcoin address. Enter this as the address in your cash app as the Bitcoin withdrawal address… The money should be in your blockchain account pretty much as soon as you refresh the page. When you send the money from blockchain to the source, add like .05 cents or something to cover the transfer fee

 

[TheHulk]

Fatbricks" pid='37168' dateline='1547420648:

Tony Parks" pid='37156' dateline='1547414029:

Fatbricks" pid='37151' dateline='1547411411:

Tony Parks" pid='37146' dateline='1547410078:

Fatbricks" pid='37137' dateline='1547405204:

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

Take the time right now to begin the verification process for the cash app… Make sure you get verified for Bitcoin withdrawal… Takes up to a week… Yes you can transfer directly to a source but the problem is the Bitcoin withdrawal is shown in actual Bitcoin and not us dollars so you don’t know for sure if you are sending the exact amount required… Just withdraw it to blockchain, takes about 20 seconds more… Then you can choose the exact dollar amount to send to the source… Trust me, I have tried it both ways and one time I needed payment verification for a payment I sent and it took like 2 weeks to get it from the cash app customer service… Ever since then I always transfer from cash app to blockchain… I learned from my mistake (luckily I didn’t get fucked by it)… But seriously… Using this little process to get and send Bitcoin is the cheapest and easiest way I know… Once you do it once or twice it will be so simple for you… Sometimes you do lose a dollar or 2 in the transfer between the 2 platforms, but that is due to the fluctuating Bitcoin price and not a fee that is charged by either service… For reals though… After reading this I would open your cash app and start the process of being verified… You have nothing to lose by doing this and next time you need Bitcoin, you will be good to go

Thanks, that is very helpful. I am ready to go on the cash app. I’m verified for bitcoin withdrawal. When you say withdraw it to blockchain, does that mean to my coinbase account? If so, that sounds easy enough. Excuse the dumb questions. I’m brand new to virtual currencies.

No… Go to blockchain.com and create an account… Withdraw your funds to there… When you create an account on blockchain find where it says request, this will give you a bitcoin address. Enter this as the address in your cash app as the Bitcoin withdrawal address… The money should be in your blockchain account pretty much as soon as you refresh the page. When you send the money from blockchain to the source, add like .05 cents or something to cover the transfer fee

Is there a reason I have to send form cash app to blockchain? Am I not able to just buy it on blockchain?

 

[Fatbricks]

TheHulk" pid='37175' dateline='1547424410:

Fatbricks" pid='37168' dateline='1547420648:

Tony Parks" pid='37156' dateline='1547414029:

Fatbricks" pid='37151' dateline='1547411411:

Tony Parks" pid='37146' dateline='1547410078:

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

Take the time right now to begin the verification process for the cash app… Make sure you get verified for Bitcoin withdrawal… Takes up to a week… Yes you can transfer directly to a source but the problem is the Bitcoin withdrawal is shown in actual Bitcoin and not us dollars so you don’t know for sure if you are sending the exact amount required… Just withdraw it to blockchain, takes about 20 seconds more… Then you can choose the exact dollar amount to send to the source… Trust me, I have tried it both ways and one time I needed payment verification for a payment I sent and it took like 2 weeks to get it from the cash app customer service… Ever since then I always transfer from cash app to blockchain… I learned from my mistake (luckily I didn’t get fucked by it)… But seriously… Using this little process to get and send Bitcoin is the cheapest and easiest way I know… Once you do it once or twice it will be so simple for you… Sometimes you do lose a dollar or 2 in the transfer between the 2 platforms, but that is due to the fluctuating Bitcoin price and not a fee that is charged by either service… For reals though… After reading this I would open your cash app and start the process of being verified… You have nothing to lose by doing this and next time you need Bitcoin, you will be good to go

Thanks, that is very helpful. I am ready to go on the cash app. I’m verified for bitcoin withdrawal. When you say withdraw it to blockchain, does that mean to my coinbase account? If so, that sounds easy enough. Excuse the dumb questions. I’m brand new to virtual currencies.

No… Go to blockchain.com and create an account… Withdraw your funds to there… When you create an account on blockchain find where it says request, this will give you a bitcoin address. Enter this as the address in your cash app as the Bitcoin withdrawal address… The money should be in your blockchain account pretty much as soon as you refresh the page. When you send the money from blockchain to the source, add like .05 cents or something to cover the transfer fee

Is there a reason I have to send form cash app to blockchain? Am I not able to just buy it on blockchain?

Correct, you cannot buy on blockchain… Dude, I completely outlined it all figured for you… You asked us a question and here I came to help… It is very simple… buy 5 dollars on the cash app right now and transfer it over just to get a feel for it… See how easy it iw

 

[GettinJiggyWIT]

Fatbricks" pid='37151' dateline='1547411411:

Tony Parks" pid='37146' dateline='1547410078:

Fatbricks" pid='37137' dateline='1547405204:

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

Take the time right now to begin the verification process for the cash app… Make sure you get verified for Bitcoin withdrawal… Takes up to a week… Yes you can transfer directly to a source but the problem is the Bitcoin withdrawal is shown in actual Bitcoin and not us dollars so you don’t know for sure if you are sending the exact amount required… Just withdraw it to blockchain, takes about 20 seconds more… Then you can choose the exact dollar amount to send to the source… Trust me, I have tried it both ways and one time I needed payment verification for a payment I sent and it took like 2 weeks to get it from the cash app customer service… Ever since then I always transfer from cash app to blockchain… I learned from my mistake (luckily I didn’t get fucked by it)… But seriously… Using this little process to get and send Bitcoin is the cheapest and easiest way I know… Once you do it once or twice it will be so simple for you… Sometimes you do lose a dollar or 2 in the transfer between the 2 platforms, but that is due to the fluctuating Bitcoin price and not a fee that is charged by either service… For reals though… After reading this I would open your cash app and start the process of being verified… You have nothing to lose by doing this and next time you need Bitcoin, you will be good to go

Hey, so I have cashapp and Blockchain app on my phone. It says on cashapp under the bitcoin section at withdrawl it goe “Verification in Progress”

Once verified how do I move further? Am I going to be able to transfer the money from my cashapp to my blockchain app somehow - how? Or how does that work?

 

[Fatbricks]

GettinJiggyWIT" pid='37241' dateline='1547448747:

Fatbricks" pid='37151' dateline='1547411411:

Tony Parks" pid='37146' dateline='1547410078:

Fatbricks" pid='37137' dateline='1547405204:

Use the cash app and then withdraw funds to blockchain… You will need to be verified on cash app to withdraw Bitcoin and it takes up to a week… So start the process now… Once you are verified you can buy Bitcoin with no fee and send it to the blockchain wallet. From there you can send and exact amount to the source you are buying from… Takes me about 3 minutes total to buy Bitcoin and then send it to a source… Way better than coinbase

I recently got the cash app but haven’t used it yet. I have coinbase but would like to avoid the fees. Let’s say I buy bitcoin on the cash app, and a source gives me the bitcoin wallet to direct payment to. Can I send directly to it like I do on coinbase? It sounds like an extra step is required. I’m looking at making a purchase this week and don’t want to screw it up.

Take the time right now to begin the verification process for the cash app… Make sure you get verified for Bitcoin withdrawal… Takes up to a week… Yes you can transfer directly to a source but the problem is the Bitcoin withdrawal is shown in actual Bitcoin and not us dollars so you don’t know for sure if you are sending the exact amount required… Just withdraw it to blockchain, takes about 20 seconds more… Then you can choose the exact dollar amount to send to the source… Trust me, I have tried it both ways and one time I needed payment verification for a payment I sent and it took like 2 weeks to get it from the cash app customer service… Ever since then I always transfer from cash app to blockchain… I learned from my mistake (luckily I didn’t get fucked by it)… But seriously… Using this little process to get and send Bitcoin is the cheapest and easiest way I know… Once you do it once or twice it will be so simple for you… Sometimes you do lose a dollar or 2 in the transfer between the 2 platforms, but that is due to the fluctuating Bitcoin price and not a fee that is charged by either service… For reals though… After reading this I would open your cash app and start the process of being verified… You have nothing to lose by doing this and next time you need Bitcoin, you will be good to go

Hey, so I have cashapp and Blockchain app on my phone. It says on cashapp under the bitcoin section at withdrawl it goe “Verification in Progress”

Once verified how do I move further? Am I going to be able to transfer the money from my cashapp to my blockchain app somehow - how? Or how does that work?

As soon as that clears up you will be able to move money… I looked online and I was told if you hit up cash app support on Twitter it usually gets them to speed up the process… I tried it and it seemed to work faster than a week so IDK if it worked or not… But doesn’t hurt to try

 

[Ryan1007]

Coinbase is actually much faster now. If you do bank wire to fund your account funds are available to buy immediately but takes 3 days to send external payments. They now have a cash wallet so you can let your funds sit until you are ready to buy BTC and send so you don’t take any crazy hits from the volatility of BTC

 

[BORFT]

I’m curious why you are using the www.blockchain.com wallet? From what i’m reading you need to create an account with them, and they have copies of your private keys… This is sorta a huge no-no in the cryptocurrency world. Nobody should have access to your private keys except you. I’ll do a little research to confirm this is really the case…

 

[Yamsan]

Just took me a week and a half to get verified on cashapp…
Im curious about blockchain. Its where ive got my coin at the moment

 

[BORFT]

Yamsan" pid='37987' dateline='1547935067:

Just took me a week and a half to get verified on cashapp…
Im curious about blockchain. Its where ive got my coin at the moment

Yasman, your coins are “safe” on that wallet right now. You are following the correct procedure:

1. Buy BTC from an exchange
2. Send that BTC to your private wallet
3. Send BTC from your private wallet to your sources private wallet

Never send any cryptocurrency from an exchange to a supplier (or any 3rd party). It kills your anonymity if you skip step #2. Remember, when you signed up for coinbase/gemini/cash-ap/whatever you provided identification tying you to that BTC wallet. If your supplier ever gives up his wallet password (on purpose or coerced or court order) they now have a digital trail directly to your exchange account. This would be bad for you.

People think BTC is anonymous, nothing is further from the truth. BTC is a public distributed ledger. Every BTC transaction from day-1 is visible to anyone with an Internet connection. If I know your BTC address, I can see every transaction that your address ever made. I can see how much BTC you have at that address and who sent it to you. Now there are ways to make YOURSELF anonymous and that is what you have to do to protect yourself. To make yourself anonymous you need to (among other things*) use a wallet somewhere that isn’t “tied” to your name anywhere.

My issue with the blockchain wallet is that it wants to tie your wallet to an email,phone number, and if you continue verification, a picture of your ID. This, in my opinion, is unacceptable. There is no reason for a personal crypto wallet to follow KYC (know your customer) practices. I would never use a wallet that had these requirements as I cannot think of any reason to have to give any private information at all to use my personal wallet.

Another thing I noticed that my buddy does, and I hate this, is he uses the same BTC address all the time. If you send BTC to a source once, then later on the 2nd order they give you the same receiving address, we have a problem… Any modern wallet has (or shoud have) the capability to create a new address for the same wallet. Best practices say that anytime BTC comes into a wallet, then leaves the wallet, the address should change. You can send 1,000 different receiving addresses to 1,000 different people, and they all point to the same wallet. This is, in my opinion, the second most important procedure to help create anonymity.