How do I setup a crypto wallet? The only time I tried crypto was back when I still used the Brave web browser and I wasn’t able to redeem the BAT that I earned without setting up a crypto wallet through a website that required an ID. If it’s just an issue with how Brave handles their crypto currency, I do know of some other sources of crypto that I can try using.
It’s called a “non-custodial” wallet, you control your funds so you don’t need ID. Custodial wallets are tied to exchanges that hold your funds, even though they belong to you, and all transactions are approved by the exchange. They follow KYC for legal reasons, like a stock exchange, but they’re also a bit safer to use.
Since you’ll be doing peer to peer transactions, remember there are no backsies. Once you send money, it’s gone.
You won’t be able to cash out at registered exchanges, so it’ll be tricky to get IRL money unless you have buyers you trust.
I haven’t used these guys in a while, but they don’t need ID in Canada at least: https://coincards.com/
Be safe out there. Don’t buy shit coins. Sign up for airdrops. Transfer fees go up and down throughout the day, it’s always cheaper to move larger volumes at night in North America.
How do I setup a crypto wallet? The only time I tried crypto was back when I still used the Brave web browser and I wasn’t able to redeem the BAT that I earned without setting up a crypto wallet through a website that required an ID. If it’s just an issue with how Brave handles their crypto currency, I do know of some other sources of crypto that I can try using.
Metamask is very beginner friendly and no different from setting up an e-mail.
https://metamask.io/en-GB
It’s called a “non-custodial” wallet, you control your funds so you don’t need ID. Custodial wallets are tied to exchanges that hold your funds, even though they belong to you, and all transactions are approved by the exchange. They follow KYC for legal reasons, like a stock exchange, but they’re also a bit safer to use.
Since you’ll be doing peer to peer transactions, remember there are no backsies. Once you send money, it’s gone.
You won’t be able to cash out at registered exchanges, so it’ll be tricky to get IRL money unless you have buyers you trust.
I haven’t used these guys in a while, but they don’t need ID in Canada at least: https://coincards.com/
Be safe out there. Don’t buy shit coins. Sign up for airdrops. Transfer fees go up and down throughout the day, it’s always cheaper to move larger volumes at night in North America.