Thank you so much for writing this, Mike! I am slamming on multiple time-sensitive deadlines so won’t be able to delve into this until next week or so but wanted to let you know I appreciate your efforts and response to my request about this :-)
So I’ve made a little progress on this but am a bit stuck. A good friend had given me a referral code for crypto.com, so I signed up for that. It included the option to link to DeFi wallet, which I installed and connected.
Here are the speed bumps I’ve hit so far:
1) The $25 referral credit that shows up in crypto.com does not show up in DeFi wallet, even though I’ve connected them. I don’t see any way to transfer one to the other in the settings of either app.
2) While DeFi Wallet has a clear option for receiving, I cannot find any such options for receiving in crypto.com (I was tempted to skip the wallet and just use the exchange for simplicity since I can’t figure out how to transfer from crypto.com to the wallet ;-)
3) crypto.com does give me the option of creating a pay string, which I would then presumably be able to share so people can use that for donations. That would be ideal, but every time I try to create a pay string, I get a pay_user_id_error. I submitted a ticket to crypto.com a day or two ago but haven’t heard back yet. Hoping they can get that resolved.
I realize these are most technical issues you may not be able to assist with but just thought I’d see if you have any suggestions on how to proceed. I have a publisher/collaborator who wants to send me coin so am trying to get this figured out ;-) Thanks, Mike!
Please don't worry about going to any special trouble, Mike. I've connected with tech support, and they're trying to figure out the pay string error. If I can get that resolved, I think I should be able to take it from there. Thanks so much!
I understand the guide was meant for the crypto knowledgeable. But for active securities traders who don't know anything about crypto, how can we get started when we don't know terms like "KYC", "the app" (what app?), "seed phrases". In short, how to get started if one wants to actively trade coins like ETH, ZEC, and SOL?
Easiest way is to just get an account with an exchange like Coinbase. KYC is "know your customer." It's a regulation that prevents financial crime and tax evasion. Essentially, KYC means you're going to have to provide an address and a photo ID. Years ago, you could get crypto without having to do that and the purists are against it. But now these companies are far more like banks. Honestly, I'd start with Coinbase. There are a ton of investment options. You don't have to worry about being responsible for anything other than a login password. If you have a bank account, you can handle buying ETH, ZEC, and SOL through Coinbase. It's just like buying anything through any standard eCommerce store.
Mike this was an excellent general introduction. I realize you could not be more specific but can you link to a How-to explanation of how to actually step-by-step set up a wallet to hold, buy and sell various crytocoins. I am active in Grayscale crypto funds only because I've never been able to set up my own wallet or set it up on an exchange.
Thank you so much for writing this, Mike! I am slamming on multiple time-sensitive deadlines so won’t be able to delve into this until next week or so but wanted to let you know I appreciate your efforts and response to my request about this :-)
You bet! If you have questions down the line don’t hesitate
🙏
So I’ve made a little progress on this but am a bit stuck. A good friend had given me a referral code for crypto.com, so I signed up for that. It included the option to link to DeFi wallet, which I installed and connected.
Here are the speed bumps I’ve hit so far:
1) The $25 referral credit that shows up in crypto.com does not show up in DeFi wallet, even though I’ve connected them. I don’t see any way to transfer one to the other in the settings of either app.
2) While DeFi Wallet has a clear option for receiving, I cannot find any such options for receiving in crypto.com (I was tempted to skip the wallet and just use the exchange for simplicity since I can’t figure out how to transfer from crypto.com to the wallet ;-)
3) crypto.com does give me the option of creating a pay string, which I would then presumably be able to share so people can use that for donations. That would be ideal, but every time I try to create a pay string, I get a pay_user_id_error. I submitted a ticket to crypto.com a day or two ago but haven’t heard back yet. Hoping they can get that resolved.
I realize these are most technical issues you may not be able to assist with but just thought I’d see if you have any suggestions on how to proceed. I have a publisher/collaborator who wants to send me coin so am trying to get this figured out ;-) Thanks, Mike!
I've never heard of DeFi wallet. Let me check that out and get back to you. For Crypto.com, does this video help: https://www.youtube.com/watch?v=B80IB0HpWzs
Please don't worry about going to any special trouble, Mike. I've connected with tech support, and they're trying to figure out the pay string error. If I can get that resolved, I think I should be able to take it from there. Thanks so much!
I understand the guide was meant for the crypto knowledgeable. But for active securities traders who don't know anything about crypto, how can we get started when we don't know terms like "KYC", "the app" (what app?), "seed phrases". In short, how to get started if one wants to actively trade coins like ETH, ZEC, and SOL?
Easiest way is to just get an account with an exchange like Coinbase. KYC is "know your customer." It's a regulation that prevents financial crime and tax evasion. Essentially, KYC means you're going to have to provide an address and a photo ID. Years ago, you could get crypto without having to do that and the purists are against it. But now these companies are far more like banks. Honestly, I'd start with Coinbase. There are a ton of investment options. You don't have to worry about being responsible for anything other than a login password. If you have a bank account, you can handle buying ETH, ZEC, and SOL through Coinbase. It's just like buying anything through any standard eCommerce store.
Mike this was an excellent general introduction. I realize you could not be more specific but can you link to a How-to explanation of how to actually step-by-step set up a wallet to hold, buy and sell various crytocoins. I am active in Grayscale crypto funds only because I've never been able to set up my own wallet or set it up on an exchange.