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Mike Wazowski

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About Mike Wazowski

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  1. You'll be surprised. Things are advancing, banks will soon start working with crypto, at least in Germany. This may worth a read: https://news.bitcoin.com/german-banks-authorized-to-store-and-sell-cryptocurrency-in-2020/
  2. The country under which jurisdiction the exchange operates may be also something to take into account, especially if you want to also do fiat operations there. Your bank may not like certain shadier countries.
  3. The fee is not small whatever exchange you use. Especially on BTC. On certain altcoins is smaller. So you have to adapt your strategy - either work with bigger amounts, either work with altcoins.
  4. Well, for 24 words the right order is one of the 620,448,401,733,239,439,360,000 possible. For 12 the number is 479,001,600, which is not a huge task. The conclusion is that at least the 12-word seed you have to keep super safe or simply avoid it and go for 24-word.
  5. I am almost sure that Twitter owners were considering this and decided to wait. Facebook did a huge step and quite an unexpectedly big risk with Libra and for now the future of Libra is uncertain. As soon as this kind of endeavors get successful launch, probably Twitter will make their move too.
  6. You can use various stable coins or tokens made for the same reason. Pegged to USD, EUR, gold or whatever. Of course, this means you'll have to trust the issuer which will be no longer the US Govt.
  7. Cards are extra hassle, since they are stolen, cloned, chargebacks issued... This makes many exchanges avoid cards or simply ask higher fees if you use them. So if you have other means of payment (bank transfer), you better do that. And no, afaik Yobit doesn't allow "deposit" or "Buy crypto" with cards.
  8. Cloud mining is 95% scam. Mining shitcoins will get you nowhere: at the point you want to sell, they are already worthless. Mining with laptop will break it. Mining COSTS ELECTRICITY and if you don't do it at a larger scale and you don't have dirt cheap electricity it'll make you lose money.
  9. Both have their risks, short term and long term. For long term HODLing you have to find the best coins to invest in. Best meaning coins which will get more features and users over time, not the coins which were just pumped. If you are not careful you'll end up bagholder. For short term you have to understand trading, else sooner or later you may lose everything.
  10. Since OP wants to SELL those gift cards, he's the one who has to offer good deals so he can attract buyers. It won't be easy... OP has to publish his sell offer(s) on all places/forums/platforms he can find.
  11. I prefer ethplorer. At some point long ago ether scan was not seeing some of my tokens and ethplorer did. Since then I trust more ethplorer.
  12. It's indeed easy to use. But that's all. I don't find it safe enough, I've got a good number of phishing mails targeting blockchain wallet... Lately even the notification doesn't seem to work anymore. There are plenty of better choices.
  13. Is this some sort of FUD to make newbies sell?! Some hours Bitcoin price falls, some more hours it rises. So what? On the long term it looks good for now. It rose 2x only last year.
  14. PayPal can be reversed. I've read that even F&F can be reversed. Because of this most crypto sellers avoid PayPal or ask fro quite big prices.
  15. That's correct. But every website is a potential ticking bomb. And since it's about money, it's enough to get replaced by a malicious page once when you use it. Then your keys are compromised forever.
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