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

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

So, let me see if I have some of the basics, very first off...

The crypto.com account is worth keeping open & even $50 worth of crypto (if you have a DISPOSABLE $50) is worth having right now, if you can do it?