reply on: I am a shitcoiner, sorry! But I want to switch :) \ stacker news ~bitcoin

pull down to refresh

94 sats \ 13 replies \ @DarthCoin 21 Sep 2023 \ on: I am a shitcoiner, sorry! But I want to switch :) bitcoin

Here I will incur 2 fees, 1 while conversion, another while transfer

Being a shitcoiner always will have a cost... I would suggest to dump all those shitcoins for USD and then with the USD buy BTC from a P2P non-KYC exchange.

Also very important! NEVER EVER use anymore Uphold, they are actually HoldUp. Read ALL my guides and your life will start fresh. I am glad you took this important decision in your life. You will, gonna make it!

248 sats \ 6 replies \ @fiatbad 21 Sep 2023

Yikes, straight to the P2P non-KYC?!

OP, @DarthCoin is correct. Non-KYC is going to have a little more learning curve up front. But after you have done it a few times, it gets really easy. Also, you don't have to worry about about usernames and passwords and getting verified and all that shit that comes along with normal KYC exchanges. I would argue that non-KYC is actually simpler!

Start here: https://github.com/RoboSats/robosats

I'm sure most of us here will be willing to help you with any questions getting started.

10 sats \ 5 replies \ @NeuroNinja OP 21 Sep 2023

Will read your link. Thanks for this suggestion. I will skip and ignore all KYC based exchanges from now on.

31 sats \ 4 replies \ @fiatbad 21 Sep 2023

Just a heads up.... it can be trickier to buy large amounts on non-KYC exchanges. They are really good for buying under 1 Million Sats at a time. This makes them great for dollar cost averaging into Bitcoin over time.

Another heads up: I think RoboSats only works on the Lightning Network. So you'll need a LN wallet first. A little education on how LN works and why we use it could go a long way in helping get set up. I recommend keeping your purchases in Lightning until you get a large amount saved up, and them move them to on-chain Bitcoin. At least greater than 1 Million Sats. Custodial solutions like Wallet of Satoshi are okay as long as you move the funds to your non-custodial wallet periodically. (DarthCoin might strike me down for even suggesting a custodial Lightning wallet... just don't keep large amounts there and you're fine)

20 sats \ 2 replies \ @TheWildHustle 21 Sep 2023

Mutiny Wallet can swap between lightning and on chain, Non-Custodial with a lightning node in the browser. In beta though.......

21 sats \ 1 reply \ @fiatbad 21 Sep 2023

Yea, there are a lot of great developments on this in the pipeline.

It has been frustrating for newcomers to understand, so I'm hopeful that these future developments will make it much easier and seamless for people. They shouldn't have to understand the nuances of Lightning in order to use it. We just aren't at that point yet, as the BCHers love to keep pointing out.

179 sats \ 0 replies \ @NeuroNinja OP 21 Sep 2023

Thanks, I will read about Mutiny as well, and see if I can go ahead. Thank you all. It is really frustrating and overwhelming for me.

But a big shoutout to StackerNews. I can finally ask someone and there are people here who genuinely help instead of just scamming me out. I don't have any bitcoin buddy to hold my hands but I'm trusting on SN for headstart.

21 sats \ 0 replies \ @kepford 21 Sep 2023

Robosats supports on chain as well now

10 sats \ 5 replies \ @NeuroNinja OP 21 Sep 2023

Thanks a lot. I am transferring everything from uphold now. I will have to look up for how to dump into USD though, since being from an Asian continent, USD isn't used much here and KYC norms are too strong with exchanges as I tried to create account on Binance etc. so I skipped and came here for advices. I will have to look at non-KYC exchanges for transferring from Uphold. I will definitely buy through P2P when I start fresh with my saved money.

I discovered your guides yesterday, thanks for writing those. I will start fresh soon after rectifying all past mistakes of Shitty coins and Shitty exchanges.

0 sats \ 2 replies \ @DarthCoin 21 Sep 2023

Even Robert Kiyosaki will read my guides now...

https://imgprxy.stacker.news/fIY84WSazs8Nr8yQStm3LSQVhsYgGS9KBfZCK2PjzLQ/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvRkYzR3g3Q20va2l5b3Nha2ktZGFydGgtZ3VpZGVzLmpwZw

155 sats \ 1 reply \ @nemo 21 Sep 2023

deleted by author

21 sats \ 0 replies \ @DarthCoin 21 Sep 2023

LOL this is good for a meme

0 sats \ 1 reply \ @DarthCoin 21 Sep 2023

Can't you just sold them in uphold for USD or whatever fiat and then move out?

I discovered your guides yesterday, thanks for writing those.

I am very happy that with my guides I could save a lost soul and put him back on the right path.

0 sats \ 0 replies \ @NeuroNinja OP 21 Sep 2023

I can, if I added my Bank Accounts/ Cards but that's not the case with my country location. However, I can send to BTC chain with a 3 USD fee. That's what I am thinking to do now. or XRP network has no fee, so somehow change that to BTC network. Hoping to get some suggestions here.