Ok, calling all the crypto people to help, I know nothing. Looking at my stupid robinhood app, that I have like one share of Ford in that I forgot about a few years ago, and looking at Monaco and crypto.com as an alternative, any thoughts on where to start (like, $500 investment maybe, that's -all- I can really afford to risk on anything, so not going much higher). @freemo ? Anyone?

@Coyote @freemo you can't buy crypto on robinhood, it's fake, it's functionally a CFD derivative without leverage.

Assuming you're American you can buy off Binance.US or Coinbase. Then withdraw it onto a wallet you control.

If you want to trade you should get a VPN and pretend to be a non-American so you can use a real exchange. This is satire and I'm not suggesting you do this because it's illegal and doing illegal things is wrong.

@crunklord420

gate.io is a "real exchange" that has more coins than even binance.com and is available to Americans.

@Coyote

@freemo @Coyote it does it have XMR? SEC says no to AECs. Does it have XRP? SEC says it's an unregistered security. Does it have margin? futures CFDs? Not allowed.

Non-Americans have far greater access to financial products. American retail traders as the most regulated people on the planet. No one wants to work with Americans because they're legally problematic. Not just trading, but even getting a foreign bank account has implications that require reporting back to the IRS.

@crunklord420

Cryptocurrency itself through DeFi apps directly provides margin, and gate.io provides both margin and futures as well. yes it has Monero as well. It has every coin you've heard of and quite a few you havent. The list is massive, like i said bigger than monero.

@Coyote

@freemo @Coyote are you sure? It sounds like a Binance.US situation https://support.gate.io/hc/en-us/articles/360006549414-Are-USA-Canadian-Japanese-users-Supported-on-gate-io-

@crunklord420

Positive I use them almost exclusively as my exchange of choice from America and am highly diversified in all sorts of crypto including some pretty obscure stuff.

@Coyote

@freemo @Coyote I think you're either mistaken or gate.io is about to get rekt by the SEC.

@crunklord420

I dunno what to tell you, I just know I am verified on gate.io and have access to all the features I mentioned.

@Coyote

@freemo @crunklord420 Damn, went to get a beer, came back, going to take me 15 minutes to catch up on what was said.

@freemo @crunklord420 @Atlas_Khan @SADIDAS @likho @dave @PestToast @moth

@10grans makeitrain 0.25

@Coyote

Woa big spender.. Now that your in the crypto game I noticed you dropped a few leading zeros from your 10grans tips :)

@10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @SADIDAS

@freemo @10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @SADIDAS

@Moon tips me once in a while, I still like to pretend it's one of the things that makes fedi worth my time, so I spend it. You can thank Moon as well, without @10grans I probably wouldn't have even been thinking about it to look back into crypto at all. Been years since I looked at it.

@Coyote

I keep it in my hardware cryptowallet next to hundreds of thousands of dollars worth of investment crypto.. which makes me giggle.

@10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @Moon @SADIDAS

@freemo @10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @Moon @SADIDAS

What does a hardware wallet even cost? I mean, if I only have say $500 in crypto, why would I spend $500 on a wallet? (no idea how much they cost).

@Coyote @freemo @10grans @Atlas_Khan @Moon @PestToast @SADIDAS @crunklord420 @dave @likho

A hardware wallet can be as simple as a usb thumbdrive, it doesn't need to be something expensive with a display or anything.

@moth @10grans @Atlas_Khan @Moon @PestToast @SADIDAS @crunklord420 @dave @freemo @likho

"A hardware wallet can be as simple as a usb thumbdrive, it doesn't need to be something expensive with a display or anything."

That's fucking scary... I've moved so many times, and just on your average given day I open a drawer looking for a USB drive to try to pick one out of 10 I have that might work still... I trust my data on a USB drive LESS than I trust that the 3.5" floppy with the love letters from the first chick I was engaged to in the 90s are still readable emails. The temporary nature of data on a USB drive in my house... and durability (half of them have been stepped on at least twice)...

Not sure a hardware wallet is for me.

@Coyote

You dont need to rely on a single hardware wallet or thumb drive.. you can have multiple copies with no need to update them (the money doesnt actually sit on the wallet).

More over there is a 24 word seed phrase that if you save that on paper somewhere it can be used to regenerate your wallet even if you loose all data. However anyone who gets this 24 word phrase could steal all your money if you choose to save the phrase.

@10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @Moon @SADIDAS