HereKittyKitty
Explorer
Never ever ever send payment directly from any US banking institution - including online payment platforms & credit cards - to your CN connect. Always go through a 3rd party wallet (Exodus or similar).
First crypto transfer NUKED
- Thread starter Blvr7
- Start date
I buy directly in Exodus. Why would you buy in coinbase and then transfer to exodus? Isn’t there a delay before you can send your crypto out if coinbase? But what advantage is it to not just buy directly in exodus?
HereKittyKitty
Explorer
Oh, I feel your pain.
Estarossa19
Explorer
Your accounts can be closed out if you get flagged for sending to shady wallets.
FallingAlice
Explorer
I have that same question.
sheilarae74
Explorer
I have had it with PayPal. I have had my account since 2000 and I bought some PYUSD a while back. They held it for 10 days. When they finally released it I transferred it to Coinbase, an account I've had for a year and I swapped it for USDC and bought more instantaneous. Same with Robinhood. They let me buy stock before the money transfer to my account even clears my bank. I don't even trust PayPal anymore, tbh.
high-tide
Explorer
For me, PP to exodus trimmed the fees a fair bit. Moonpay was not my friend
Good idea! Open to this but a little intimidated by the conversion. If I buy a certain amount of money in eth from Venmo - it then turns into a different … decimal…number… that I would then send to exodus… and then convert it back into usdc for the amount of money I need it to be … to just pay this freakin vendor already?
randompersonrandom
Explorer
You can buy PYUSD in Venmo and then do all the rest of the steps of PYUSD to something on SOL.
Thank you. Purchased eth. But now can’t transfer it to exodus. Assuming it’s just a hold. Praying it doesn’t fluctuate much and I have enough to cover the fees (ie: it doesn’t make me keep $25 out to fund fees) and I can cobble this and the $10 of pyusd together to send to vendor. I appreciate the advice. This has been harrowing.
Smiter
Explorer
Why shouldn't someone use Exodus to buy and send crypto payment? Why the need for an intermediary like Coinbase?
You need some type of "onramp".
Venmo- Had money in my Venmo account so I wanted to give their crypto buying a go. (Won't use again because of fees).
Coinbase - I've had an account for years already linked to my bank and kyc'd and lowest fees of my current options.
Buying through Exodus is actually buying through Moonpay (as I understand it) which is an extra step since I already have the above but for someone setting things up for the first time I guess the only down side is the fees.
I just used ETH as an example. Sorry for not clarifying that.
My recommendation would be start with the vendor, by that I mean look at what the vendor takes then work your way back so that you have to do as few swaps as possible. Because each time you swap costs you money.
Most vendors accept BTC,USDT(both erc20 and trc20),USDC.
So I know that I can get USDC for nothing (zero fees) on Coinbase, in addition I can earn some amount of interest on my USDC on Coinbase. So if using Coinbase I would be using USDC. Any gas can be exchanged on my Exodus wallet as needed with USDC.
Venmo has issues , you can only get PYUSD for stablecoins not USDC or USDT. You can't get USDT on Coinbase. Not sure about other onramps , those are the only 2 I've used so far. Kraken has less restrictions than either of the previous two.
HereKittyKitty
Explorer
Welcome to grey.