Lol
He wants to send and use crypto for orders
Hot wallet is the best for that
Storing
Nano ledger
Didn’t even read more after you said “donate crypto”
N
BitCoin Source. Easy as can be
- Thread starter Taureau
- Start date
Lol
He wants to send and use crypto for orders
Hot wallet is the best for that
Storing
Nano ledger
Didn’t even read more after you said “donate crypto”
N
The OSC is relentless. They've been much stricter than the CSA about it. Nothing will likely come of it from a user standpoint, at worst is they provide the OSC full transaction history which may/may not be able to be linked to you. If it can and it's sell transactions, the CRA will be notified and you could get a hefty tax bill in the mail and you'll need to provide very well documented records to avoid paying capital gains taxes on the full withdrawal. Nobody's going to jail or facing criminal charges or anything like that. The bigger risk comes from using companies that are purposely skirting securities commissions. This says to me they don't view this as a long-term business and are more likely to pull a QuadrigaCX-like exit scheme.
Everybody should know. While Bitcoin is more private and more secure than e-transfers or even cash, it CAN be traced if LE want's to put enough effort into it.
You go against everything I say
When it’s crypto or finance related lol
I’ve been in crypto and have seen a lot of things
But buying crypto putting it on mycelium directly then sending to your source or whatever from mycelium… is safe and easy and secure…
All you have is your seed
When it’s crypto or finance related lol
I’ve been in crypto and have seen a lot of things
But buying crypto putting it on mycelium directly then sending to your source or whatever from mycelium… is safe and easy and secure…
All you have is your seed
Why would anyone do that?
1: You buy your crypto on an exchange and pay the spread + whatever onboarding fees the exchange charges.
2: You transfer your crypto from the exchange to your hot wallet and pay the fees for the transaction
3: You transfer from your hot wallet to the recipient and pay the fees for the transaction
Why wouldn't you just transfer from the exchange directly to the recipient and avoid a set of fees? What purpose is there of transferring to your hot wallet first? None!
Wallets are for storage and in no world is a hot wallet safe for long term storage. So ya, if you're going to use a hot wallet you may as well give it to a great charity rather than a hacker because you're eventually going to lose it anyways. If I knew I was losing all my money, I'd much rather see it go to good use rather than to some piece of shit living in mom's basement.
At least we agree that the Ledger Nano is the best cold storage wallet.
This is all French to me i like where I just send a etransfer and its gets converted to bc sent to a persons wallet. I try to follow but hard @FitTrader tried to explain it to me before and I was overwhelmed with info hot wallet cold wallet exchange ect ect
You are clearly not well versed in the vast network of crypto lol
He said ATM
He wants to purchase annon
If your purchasing annon
Which is THE WHOLE POINT of crypto
You can with the right network and connections buy / sell at spot or small fee for cash
No one has your name anywhere
It’s all on your hot wallet if you wanna use it and then ledger to store
Again which is the whole point of crypto
Not doing emt … but again if you wanan be an actual investor wire money and store it on a ledger and sell it and declare it yes then go the proper KYC route
Do you think most people who are doing things with crypto are using an exchange ? No there’s people who are moving extreme amounts using TRUST wallet lol
So these guys are all stupid ?
Do you think the dark web guys are not using hot wallets ? Like what are you actually saying
Can you please show me where mycelium , trust, exodus have been hacked
It’s your 16 word seed.
Now if a charity gets this seed from my hidden location then they deserve it lol
He said ATM
He wants to purchase annon
If your purchasing annon
Which is THE WHOLE POINT of crypto
You can with the right network and connections buy / sell at spot or small fee for cash
No one has your name anywhere
It’s all on your hot wallet if you wanna use it and then ledger to store
Again which is the whole point of crypto
Not doing emt … but again if you wanan be an actual investor wire money and store it on a ledger and sell it and declare it yes then go the proper KYC route
Do you think most people who are doing things with crypto are using an exchange ? No there’s people who are moving extreme amounts using TRUST wallet lol
So these guys are all stupid ?
Do you think the dark web guys are not using hot wallets ? Like what are you actually saying
Can you please show me where mycelium , trust, exodus have been hacked
It’s your 16 word seed.
Now if a charity gets this seed from my hidden location then they deserve it lol
It’s like saying the reverse
Are sources or anyone who is doing questionable transactions
accepting on a wallet that’s associated to an exchange and selling the btc on the exchange for cash lollll and then using the cash to send to their bank account and declare it to their personal ?
If that’s even utterly close to what they are doing
Then they need to give their head a fkn shake
Are sources or anyone who is doing questionable transactions
accepting on a wallet that’s associated to an exchange and selling the btc on the exchange for cash lollll and then using the cash to send to their bank account and declare it to their personal ?
If that’s even utterly close to what they are doing
Then they need to give their head a fkn shake
Look at step #1. This is from the recommendation in this thread.
Can you purchase Bitcoin anonymously? Sure! ish... Using bitcoin4u is not the way to do that.
If you want to be anon and use crypto, Bitcoin is not the project you want.
If anybody thinks anything they do with Bitcoin is completely anonymous and can't be traced back to them, they are simply wrong. There is no arguing this fact. Will the CRA go to the extents needed to trace it for a few dollars in tax revenue? No. Will LE spend the time and resources to track it over a couple bottles of test? Also no. If you use Bitcoin to fund a terrorist organization that nukes Paris and kill millions, then ya they're going to find you.
You list 3 wallets and take that as all hot wallets are secure? Come on man.... This is just so naïve. Remember the Solana hot wallet hack last year where over 8,000 wallets were hacked? The day before this hack you could have said "Please show me where Solana hot wallet have been hacked" and it wouldn't exist. At the start of this year you could say "Please show me where a gold heist has taken place at Pearson Airport" and it wouldn't exist. All it takes is 1 vulnerability to be found, 1 bad line of code, and everybody using that hot wallet is fucked. And that's not even taking into account the people who have hot wallets for the convenience of it and their pc/laptop/phone gets hacked because they downloaded malware off a sketchy porn site.
You can argue this all you want with me, but here's something from Gemini trust which handles the cold storage in the billions for things like Purpose's Bitcoin ETF
Notice here it says ALL crypto hot wallets are vulnerable to online attacks? These guys even offer a hot wallet themselves! They're not naïve enough to say that it could never happen. Would you walk around downtown Toronto holding $100,000 in cash in your hand? You may be able to do it for a day, a week, a month and nothing will happen. But at some point, you will be robbed. This isn't much difference. It is literally a matter of when not if.
It's not personal. I will speak out against anybody who is giving advice that goes completely against what has been proven countless times to be true. If your opinion goes against literally everything the leaders in crypto security all agree on, then yes I will point that out. If you can somehow prove a hot wallet is as secure or more secure than a cold wallet, I'll listen. But "show me where it's happened with this specific wallet" does not do that. Even cold wallets have vulnerabilities, most commonly known as the wrench attack lol
I think you missed the point
Who said to walk around with 100k
I said to use the hot wallet instead an exchange wallet
Storing for long term…
And having access to funds you wanna send move around
Is not the same thing
if people you are sending btc to for illicit items are then cashing out the btc in their personal accounts linked to their name and KYC…
I don’t know what to say except they missed the whole point of crypto
Who said to walk around with 100k
I said to use the hot wallet instead an exchange wallet
Storing for long term…
And having access to funds you wanna send move around
Is not the same thing
if people you are sending btc to for illicit items are then cashing out the btc in their personal accounts linked to their name and KYC…
I don’t know what to say except they missed the whole point of crypto
For many years you were able o buy and sell up to 9999$ at the atm without any ID
I think there could be limits now per transaction
proves to me your new to crypto.. I’ve been in it since 2017 which is 6 years ago which isn’t even long … things were diffrent then.. there are more regulations for sure but if you really really really want you can find a way to be Annon
I think there could be limits now per transaction
proves to me your new to crypto.. I’ve been in it since 2017 which is 6 years ago which isn’t even long … things were diffrent then.. there are more regulations for sure but if you really really really want you can find a way to be Annon
not talking about any other coins but usdt and btc…
Those are the ones most used and accepted
If you wanna manipulate and play with all the shit coins we can find many stories… not talking about all the pump and dump and shit coins
MY POINT: the whole idea is to have a hot walllet like mycelium that has no name no Id associate if you want to buy Bitcoin annon
If I want 1000$ btc and someone I know is selling 1000$ btc
I give him 1000$ cash he sends me the btc to my mycelium
I then do whatever I want with rhe 1000$
Store 500$ on a ledger , 500$ for HGH lol
No one knows fit trader has done that…
But you are saying to send that 1000$ to an account linked to my name address KYC etc
You want to say the above statement is not true not possible.. then be it lol
Those are the ones most used and accepted
If you wanna manipulate and play with all the shit coins we can find many stories… not talking about all the pump and dump and shit coins
MY POINT: the whole idea is to have a hot walllet like mycelium that has no name no Id associate if you want to buy Bitcoin annon
If I want 1000$ btc and someone I know is selling 1000$ btc
I give him 1000$ cash he sends me the btc to my mycelium
I then do whatever I want with rhe 1000$
Store 500$ on a ledger , 500$ for HGH lol
No one knows fit trader has done that…
But you are saying to send that 1000$ to an account linked to my name address KYC etc
You want to say the above statement is not true not possible.. then be it lol
It's called an anecdote, aka an abstract story to deliver a point. If you walk around waving 100k around, a bad actor will someday rob you. If you use a hot wallet to store your crypto, a bad actor will someday rob you.
This was before any regulations and that amount was for FINTRAC purposes. You also used to be able to smoke in airplanes and drive without seatbelts. The point is, what you used to be able to do vs what you can do today can be completely different things. And the bitcoin atm being recommended here, regardless of what you used to be able to do, requires ID before making any transaction. Why are you even trying to still argue this?
By 2017 I had amassed a pretty decent chunk of crypto that would be worth a small fortune today. Unfortunately I wasn't as smart then as I am now and lost 90% of it in 2018. This is why I want anybody reading this to know that hot wallets at best give only a false sense of security and aren't truly secure. It's a very widely accepted fact in the crypto world so I'm not sure why you're also trying to argue this one?
With enough motivation, it is entirely possible to know fit trader has done that. Doing it this way you've even given the prosecution a witness that can sit on the stand and point a finger and say "Yes that's the guy right there!". I'm saying that for the illicit activities you speak of, it is highly unlikely that the time or effort required to trace the transaction and link it to you will likely never be done. But do not mistake lack of motivation for true anonymity. And with advancements in technology and use of things like AI, the time and effort required to trace this may someday take 5 minutes and a click of a button. Truth is, we don't know.
What I was saying, before you started insisting hot wallets were secure and anonymous....
Is that purchasing through any entity (including the bitcoin ATM mentioned here), paying to transfer to a hot wallet and then paying to transfer to the recipient is adding steps, complication and most importantly fees to the user for absolutely no added security. It's unnecessary and costly and the over-complication will deter many from using it. For the buyers on here, follow the KISS principle. Your identity will be hidden from the seller which instantly makes it more secure than other payment methods. And trust me when I say that nobody will be investing the countless hours and tens to hundreds of thousands of dollars in salaries to track down your $500 of HGH.
I at least understand why you are trying to argue the anonymity part. This is a common misconception by many Bitcoin users but a little education here goes a long ways. But at the end of the day, every transaction is stored on a public ledger in full view of the entire world. As I've said over and over it's not an easy job to identify someone through their Bitcoin transactions, but it is more than possible.
This thread is teaching me a lot.
I got service charges and conversion fees CAD to USD and learned a big lesson.
I’ve heard of devices people have offline to keep their fortunes. I’m a poor bastard but that will be something I will read into.
I got so scared when my transaction didn’t go through, I can only imagine how people feel when they lose so much.
Anyway, I wanna thank both @FitTrader and @IronRobi for their perspectives. A big thank you to @Framerboy for helping me out all throughout as well.
I got service charges and conversion fees CAD to USD and learned a big lesson.
I’ve heard of devices people have offline to keep their fortunes. I’m a poor bastard but that will be something I will read into.
I got so scared when my transaction didn’t go through, I can only imagine how people feel when they lose so much.
Anyway, I wanna thank both @FitTrader and @IronRobi for their perspectives. A big thank you to @Framerboy for helping me out all throughout as well.
Np man I don't know as much as the others do .
I am so grateful for this board. I’ve learned so much about life and other things. I’m on my early 30s and I enjoy hearing stuff from all ages but especially the 40+ gentlemen here. It’s basically been an educational experience.
Price & fees - Instacoin
What are the price and fees for cryptocurrency at an Instacoin ATM?
There’s no ID here
Purchase is low
Just do multiple times
This was 9999$ once upon a time so yes things have changed
But again with proper networking
You can do this all face to face with cash lol
If your never ever sending to anytbing associated to your name l.. they will have a hard time..
Which AGAIN brings me to my point if anyone is cashing out illegal financial profits through an exchange wirh their KYC… and name.. you are a moron in my books
You have no addressed that part
You ignore it