Crypto - Specifically Bitcoin

trycatchthis

Crypto is too complicated IMO.

For years I have been looking to get into Bitcoin but there is a bit of a barrier to entry, IMO too much reading required. (Compare to Paypal for example. You need an email and a credit/debit card)

What is the simplest way to buy this thing and pay for something with it. I would prefer to be able to buy it with Paypal but I would be willing to use a credit card on a trusted site. Speaking of trusted sites, don't most of them get hacked?

Also are there still with ridiculously high transaction fees so its not useful for small payments?

Who can point me in the right direction?

TL;DR
I want to use Bitcoin on a platform easy and secure like Paypal.

SirFoxy

yes transaction fees are still high, there's alt coins that don't have that issue though, coinbase.

SmallWeb

Your post indicates you want to use BTC, but it also indicates you do not want to use BTC.

What is your purpose for wanting to use Bitcoin?

I use Coinbase (affiliate / non affiliate) which has the easy to use UI.

Yes, there are ridiculously high fees and yes even trusted sites get hacked. If you buy enough that your heart would be broken if you lost it then you need to store it locally.

P.S. PayPal might actually be the platform you're looking for, when they expand to offer Crypto in more countries.

Maybe even cash.app if they're offering crypto in your area.

Affiliate benefits are £7.23 in free Bitcoin when you buy or sell £72.30 worth.

trycatchthis

What are the transaction fees like currently and why? I'm guessing high transaction fees could indicate some kind of design flaw? Maybe the problem exists because it was the first crypto but since Ethereum came out that fixed some of the problems that were discovered with Bitcoin.

I want to use it but the problems are:
1. Need to do too much reading to understand it
2. Security is an issue. Seems all the exchanges get hacked and every malware is looking to steal your crypto
3. Seems not to be useful for small transactions

Beside those and other problems I definitely want to use Bitcoin and Ethereum though.

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Is it just me or did anyone else think Crypto is way too complicated?

Andy10tbit

bitcoin is the future.

randomq

CashApp or PayPal if you want to use it as a currency. Coinbase or Kraken for trading.

SmallWeb

@trycatchthis said: Maybe the problem exists because it was the first crypto but since Ethereum came out that fixed some of the problems that were discovered with Bitcoin.

Basically.

Youtubers I watch compare Bitcoin to gold (a store of value) and Ethereum to dollar (a used and traded currency)

trycatchthis

Ethereum is the one used for buying things like domain names that cost 99cent on sale, and Bitcoin is what to use as a speculative at best investment?

trycatchthis

Where is the best place to buy Bitcoin?
Where is the best place to buy Ethereum?

armandorg

https://www.binance.com/en It's a wallet and a crypto exchange at the same time. Very secure and reliable.

Has a lot of coins, i would say around 80% of them.

trycatchthis

@armandorg said:
https://www.binance.com/en It's a wallet and a crypto exchange at the same time. Very secure and reliable.

Has a lot of coins, i would say around 80% of them.

Link missing colon :

armandorg

@trycatchthis said:

@armandorg said:
https://www.binance.com/en It's a wallet and a crypto exchange at the same time. Very secure and reliable.

Has a lot of coins, i would say around 80% of them.

Link missing colon :

Ups! Fixed

ditlev

I've found bittrex best for trading, but wirexapp easier for using.

trycatchthis

If I wanted to buy LTC with a credit/debit card assuming I already have a wallet, where would be the best place to buy?

I'm now looking at LTC because transaction fees for BTC and ETH are ridiculous.

CiprianoOscar

@trycatchthis said:
Where is the best place to buy Bitcoin?
Where is the best place to buy Ethereum?

I advise you

• Binance (low fees, easy to use)
• Coinbase (high fees, very user friendly interface)
• Coinbase pro ( very low fees, very good user friendly interface) < This is used for trading but you can buy crypto on it with a low fees and move to Coinbase normal account without any fees!

ezeth

Pro tip. It's a ponzi like everything else in this world. Don't buy it, unless you get virus on your pc demanding it

trycatchthis

@ezeth said:
Pro tip. It's a ponzi like everything else in this world. Don't buy it, unless you get virus on your pc demanding it

It may be a ponzi. But it has value as a medium of exchange.

randomq

Everything is a ponzi scheme. But you can speculate until you die.