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Using registrars as crypto wallet ?

Located in General Domain Discussion, started by topdom, Feb 24, 2021

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  1. topdom

    topdom Top Contributor VIP

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    I'm not familiar with cryptos.
    I don't think they are anonymous,... wallets are connected to banks in some ways, so cryptos can be converted to cash and vice versa.

    But I was planning to experiment with cryptos, but I'm not interested in connecting my bank to a wallet service.
    Can we use registrars for this purpose?

    For example I buy my domain from Epik, and get paid by btc. I keep that btc at Epik, and convert back to cash at Epik, by buying my own domain and getting funds in USD, at Epik . This way there is a 10 percent loss (if btc price remains the same), but this way some other risks may be eliminated.

    Possible or not?
    Smart or stupid (probably stupid, ..but good for experimenting if possible)

    .........
    Does anyone know how to play in derivative market? I don't. I don't even know how to buy stocks.
    (I heard stocks have nothing to do with having some kind of ownership rights at a company, they are IOU's, whatever it means. )

    In the past 5-10 years people were all saying gold will skyrocket next week, and it never happened. Fundamentals don't matter. Weapons (of all types, including financial), and intentions of powerful groups matter.

    Landing on Mars, can be possible, but it can be totally fake, because it was done for prestige purposes,and failure couldn't be possibly allowed, so probably some graphics were created in advance together with media coverage, and whatever the actual outcome is, it would be advertised as success. .. Can we watch all that journey in video form, I don't think so.
    I suspect sending high resolution images from such a distance (further from sun), would be difficult (impossible?). Also 22 minutes of time gap would make commanding the vehicle
    close to impossible.
     
    Last edited: Feb 24, 2021
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  2. pb

    pb Top Contributor VIP ★★★★★★★★★★

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    If I sell a domain through epik for BTC, do I actually get BTC or do I get "masterbucks"? I'm just wondering, can anyone confirm?
     
  3. Gube

    Gube 48hr.com VIP

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    You get BTC on Masterbucks and you then can withdraw it from there as usual.
     
  4. pb

    pb Top Contributor VIP ★★★★★★★★★★

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    Thanks, I didn't realise MB is multi-currency. Do I need to add a bitcoin wallet in MB panel or will it be created automatically?
     
  5. topdom

    topdom Top Contributor VIP

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    A related question. Paypal closed my account. I have 1K there. They make withdrawing to a bank account almost impossible (all options lead to an error, customer service is intentionally robotic and idiotic, when it exists). Can it be possible to withdraw it into a crypto wallet? (probably not, because their purpose is to steal if forever.)
     
    Last edited: Feb 24, 2021
  6. Gube

    Gube 48hr.com VIP

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    It should create it automatically, but you can create a BTC balance already if you need to.
    It depends. Sometimes it's possible to get the funds back after 180 days through a wire to your linked bank account. But if the reason they gave to close your account is because of a wrong identity for example, they won't give you the opportunity to withdraw I think.
     
    Last edited: Feb 24, 2021
  7. alcy

    alcy Top Contributor VIP

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    I mean they closed it for no reason?

    paypal let's usa clients buy btc...but u cant take it out of pp
     
  8. alcy

    alcy Top Contributor VIP

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    u are confusing 10000 concepts.. banks dont have crypto wallets

    neither do registrars.. aside from epik where u can get paid in crypto..but not sure if u can store it there.. or exchange back and forth.. they are not a wallet or cryptodxchange
     
  9. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    you still have to have a wallet address, why not go to coinbase.com. they are trusted cryptowallet. :)
     
  10. topdom

    topdom Top Contributor VIP

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    My PP account was closed most likely because of my IP , no official explanation given. But actual reason, might be..., there was money in it, perfect time to steal it. I'm happy that they closed it, except that they stole my money for now (1+ year ago). I wish I had moved my money out before complaining about their other mistakes. They didn't give a notice, if they said, your account will be blocked in 1 minute, I could move out the money. They blocked my account during chat.
    Or maybe they did it because I was a Trump supporter.
    ...My mistake: I assume big companies and people in high position have to act logically and respectfully, instead they enjoy being evil whenever they feel the time is right. First they make sure you have no escape, and then attack (remember traitors in Republican party (some, maybe, were not traitors, just played their role in a complex game?)). Previous niceness doesn't give any hint about what they might do.
     
    Last edited: Feb 24, 2021
  11. DanSanchez

    DanSanchez 48hr.com Bitcoin powered auctions Epik.com Staff VIP ★★★★★★★★★★

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    Every time you move BTC, it costs a small amount, I would accumulate some BTC and then withdraw to take custody in my own hardware every 3 to 7 days to avoid wasting too much in fees. But I would not rely on Coinbase or any exchange or service for long periods of time unless you're actively using the capital.

    Hot wallet = Daily commerce and payments, keep cash you need immediately (that week.)

    Cold wallet = Your bank, requiring a hardware component to sign transactions limits your exposure considerably.
     
    Last edited: Feb 24, 2021

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