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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.

(post is archived)

[–] 1 pt

if you need an ID to buy crypto then how is it anonymous

You only need an ID from companies that require an ID. Coinbase, for example, wants to stay on the good side of the law, so they'll do everything they can to keep authorities from giving them hard questions to answer.

If I say "send me money via cash/check/moneyapp/giftcard/etc, and I'll send you bitcoin," then your name is never tied to your account. Similar to buying stuff on Craigslist vs Walmart.

And yes, there's websites that coordinate meeting in person for transactions. Problem is, finding an individual person to sell you bitcoin is a lot harder and slightly higher market value than just going to coinbase.