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Crypto is something that you hear a lot about lately, but I've never gotten a grasp on what it is or how buy it and use it. Is there a good non-jewed video I could watch or something I could read that explains it and shows you how to get into it? I've tried to watch a few videos but they're all over the place. There's a ton of foreign concepts to me like wallets, block chain, etc.

Crypto is something that you hear a lot about lately, but I've never gotten a grasp on what it is or how buy it and use it. Is there a good non-jewed video I could watch or something I could read that explains it and shows you how to get into it? I've tried to watch a few videos but they're all over the place. There's a ton of foreign concepts to me like wallets, block chain, etc.

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[–] • 5 pts (edited )

The easiest way to get into it is through stock trading apps. You don't actually own the crypto in that case.

The second easiest way is through a marketplace like Coinbase.

You can also get "free" crypto currency through brave browser.

Your best bet is probably something like Coinbase.

Oh and none of the markets are anonymous.

[–] • 3 pts

Also none of those approaches actually have you owning the crypto. You just have IOUs from those companies. You're basically trading paper crypto. A Bitcoin ATM is a nice way to get into it with minimal personal information disclosure. You either get a receipt with the address (and key) for your Bitcoin, that you personally control, or you can set up a wallet on your phone and transfer it to there.

[–] • 1 pt

I looked into the atms and the ones near me require all kinds of id. No idea if they can be faked at all it's just a stated requirement.

[–] • 0 pt

Maybe they've upped requirements. I bought a little years back at an ATM and it only needed a cellphone number. Times have changed, meh.

[–] • 1 pt (edited )

So anonymity is a myth? Ive heard of people using it for that sole purpose. I was just interested in dabbling in it for a hobby. Is coinbase the best app for that?

[–] • 0 pt

There are privacy coins and protocols you can use like monero and tornado cash but blockchains are public so hiding things is difficult. It is quasi-anon because nobody really knows who holds the keys to whatever wallet your coins are sitting in. But the coins can always be tracked easily whenever they move around.

[–] • 0 pt

Arguably, Monero is anonymous.

[–] • 0 pt

You do not want to use stocks, specifically Robinhood, for crypto. If it is somehow gone it's gone. No way getting it back lawfully, even if they steal it by accident.