Cryptocurrency Exchange Platform Reviews
 

Lately, I have been doing a lot of research on this. I like Coinbase the best so far. It gets good reviews, seems pretty intuitive and simple. If you want to start investing in Crypto I would suggest starting with a Coinbase account. If you use this link supposedly we will both get $10 free. It looks like I did get $10 for signing up. https://www.coinbase.com/join/3FCPIU

I started out buying $1500 of Bitcoin in Coinbase. You can set up a bank account so you can buy directly from your bank account. Some of the other trading platforms don't allow direct transfers from banks so it's handy. It takes a few days to get your bank account set up. They do 2 deposits of a few cents to your account to validate that the account is real and you own it. Once set up you can click the "Buy/Sell" button and buy Crypto using your bank account. I have a bank account that I just use for online stuff like Paypal and such and don't keep a lot of money in it.

I watched a video on Youtube about Crypto loaning and wanted to see how that worked. So I signed up for an account on the KuCoin platform. The KuCoin trading platform seems to be a good one for loaning if you're not doing transfers greater than $1500. You can't buy crypto with a bank account on KuCoin so I transferred about $1300 of my Bitcoin from my Coinbase account. Then I traded my Bitcoin for USDT and made it available in the loaning pool. One person borrowed it for about a day and I made next to nothing. The loaning rates are really low right now so I pulled it out of the pool and bought ETH - Ethereum.

Now as luck would have it ETH went up today and I made a litttle. Here's what each platform looks like...

http://www.cotep.org/alex/coinbase.jpg

http://www.cotep.org/alex/kucoin.jpg

Any thoughts? I'm betting the stock market is going to keep going up a little longer but I also think all the money printing and inflation is going to catch up and the stock market is headed for a big downturn. I have a gold miner hedge on my 401k but I'm noticing on the down market days even gold is down so it's not really helping. During the COVID crash, the hedge didn't help at all. Most of the Crypto's are down quite a lot right now so maybe it's a good buying opportunity.

Granted, this is an odd product review but maybe we can buy more guns to review if we make tons of money buying Crypto.

Well you are braver than I am. I have a few concerns of Crypto. Take bitcoin, its only value is what the owner(s) of bitcoin say its worth. You can just sell it you have to sell it to another person or investor. While its become more and more prevalent its not insured, the stock market isn't either I know.

I asked my wife about this being she is a financial mind and she laughed at me. Said hard no.

I have co-workers who have money in it as well. they have some up to 1k, most is just a few hundred. They are just playing with it. If they make money they are of course happy but I think they more or less use it as a hobby or something to play with.

I hope you make a killing at it though. Honestly makes me nervous. But I have never been a gambler.

I'd actually prefer to trade in real precious metals (gold/silver). I think the risks are a little lower than Crypto, as the Feds will be all over Crypto soon enough... and especially if we go "cashless" in this society. As stated on a different site, I'd rather trade in gold, sliver, and .45ACP! :D

Remember the dot.com bubble of the 90s?

Lots of Internet startups with no hard assets and their only revenue stream was from selling stocks. People were quitting their jobs to focus all their time on investing in dot.coms.

I look at crypto and wonder what the difference is.

Shit, I can barely count what's in my billfold. Can ya trade all these xs and 0s into real money?

Yeah, its like investing in anything else, I get the allurer, just not for me. I have silver though, cant afford gold lol

But yeah, who knows....

Buy 1/10th ounce coins.
The safest inexpensive gold coins are 1/10 ounce American Gold Eagles. Bid on them on EBay. I picked up several of them cheap that way.
https://www.ebay.com/itm/23440111455...8AAOSwUlJh-DTK

that is a good point.

I mean if I can't get a full bar.....:D

There's a big Bitcoin giveaway contest during the Superbowl tomorrow. Except I need to figure out how to retweet the FTX commercial to enter. And I have no Twitter friends to Tweet to. And I'll probably be riding the fatbike and forget. :mad:

There's a football game?

Football season ended with the Alabama Georgia playoff.
America hating commie leagues don't count.

What are friends? Football? Bird tweets?

two of the three are very much overrated! :D

In today's sports world... do football players have "safe spaces" where they can go to hug one another due to the violence they experience? Just askin'......

yeah in the locker room or on a party boat while taking in some natural meds

Damn! You're a cynical bunch...

Mind if I hang with you a while.

So here's hypothetical or what would you do...

In the state I currently live in we have a real Douche bag numb nuts for a governor and a little nazi for an AG. The only drumbeat they know is climate change and gun violence and that somehow the only people responsible are the law-abiding ones. They were on their out but thanks to the ROBO remote voting system now in place they swindled the votes necessary to survive and install a couple of leftwing commie buddies as well, which means they have a leftwing majority thru this fall. Being the discombobulated leftwing turds they are, they couldn't mount a serious attack in last year's senate secession. But they laid the ground work for a couple of real whoppers. Well in this years opening secession they broke out the ugly one and passed it. The usual modus operandi with this kind of crap is to have the senate pass it first early then let it sit for a couple months or more until there's some other big hoopla going on like home encampment on the court lawn or somebody else's life matters then the house passes it and slide it under stupids door. This is how a few years back we got the definition for "Asault Weapons" that includes your little Ruger 10-22 along with any other semi-auto action gun.
Anyway, this year's BS is the HiCap magazine ban. Which after the first two paragraphs has nothing to do with high capacity magazines. What it does do is redefine the term magazine and apply it to any and all weapons that can hold more than 10 rounds that were manufactured after 1898! YEP that what I said 1898. Think I'm BSing? Here's the clip right out of the bill.

Sec. 2. RCW 9.41.010 and 2020 c 29 s 3 are each amended to read as follows:
Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.
(1) "Antique firearm" means a firearm or replica of a firearm not designed or redesigned for using rim fire or conventional center fire ignition with fixed ammunition and manufactured in or before 1898, including any matchlock, flintlock, percussion cap, or similar type of ignition system and also any firearm using fixed ammunition manufactured in or before 1898, for which ammunition is no longer manufactured in the United States and is not readily available in the ordinary channels of commercial trade.

Which means your Grandpa's old Winchester or Marlin or Remington pump 22 is now illegal to by sell or trade in this state. Well you say, it doesn't really that. You have to understand how these pricks operate. This first section sets the start date at the end of this amendment to the existing law are the new definitions...

(35) "Untraceable firearm" means any firearm manufactured after July 1, 2019, that is not an antique firearm and that cannot be traced by law enforcement by means of a serial number affixed to the firearm by a federally licensed manufacturer or importer.
(36) "Large capacity magazine" means an ammunition feeding device with the capacity to accept more than 10 rounds of ammunition, or any conversion kit, part, or combination of parts, from which such a device can be assembled if those parts are in possession of or under the control of the same person, but shall not be construed to include any of the following:
(a) An ammunition feeding device that has been permanently altered so that it cannot accommodate more than 10 rounds of ammunition;
(b) A 22 caliber tube ammunition feeding device; or
(c) A tubular magazine that is contained in a lever-action firearm.

Note; (36) (b) it says 22cal, it doesn't "S, L or LR just 22. Hmmm, does that my old Winchester 1890 pump in 22 short is legal and my 1906 isn't?? same platform same action same capacity, since they're all 22's and 22 ammo is still manufactured... Makes all my 62 and 62A's illegal along with 94's too! :mad::mad:

So here's the kicker, they wrote a whole new section into the law defining who can have high cap mags and who can't. Along with how and when you are allowed to carry them around. The ambiguity is so deep they could bust a chief of police for having a loaded one in a ready bag in the trunk of his cruiser while off duty... here's a clip. No pun intended...

NEW SECTION. Sec. 3. A new section is added to chapter 9.41 RCW to read as follows:
(1) No person in this state may manufacture, possess, distribute, import, transfer, sell, offer for sale, purchase, or otherwise transfer any large capacity magazine, except as authorized in this section.
(2) Subsection (1) of this section does not apply to any of the following:
(a) The possession of a large capacity magazine by a person who legally possessed the large capacity magazine before the effective date of this section or the possession of a large capacity magazine by a person who, on or after the effective date of this section, acquires possession of the large capacity magazine by operation of law upon the death of a former owner who was in legal possession of the large capacity magazine, provided the person in possession of the large capacity magazine can establish such provenance. A person who legally possesses a large capacity magazine under this subsection is subject to the provisions of subsection (3) of this section;
(b) Any government officer, agent, or employee, or any government contractor hired to provide firearms training to law enforcement officers, while acting within the scope of official duties, if authorized to acquire or possess a large capacity magazine in connection with official duties;
(c) The manufacture, offer for sale, sale, importation, or transfer of a large capacity magazine by a licensed firearms manufacturer for the purposes of sale to any branch of the armed forces of the United States or the state of Washington, or to a law enforcement agency in this state for use by that agency or its employees for law enforcement purposes;
(d) The possession, offer for sale, sale, importation, or transfer of a large capacity magazine by a dealer that is properly licensed under federal and state law for the purpose of sale to any branch of the armed forces of the United States or the state of Washington, or to a law enforcement agency in this state for use by that agency or its employees for law enforcement purposes;
(e) The possession, offer for sale, sale, importation, or transfer of a large capacity magazine by a dealer that is properly licensed under federal and state law where the dealer acquires the large capacity magazine from a person legally authorized to possess or transfer the large capacity magazine for the purpose of selling or transferring the large capacity magazine to a person who does not reside in this state;
(f) The transfer to, and possession of, a legally possessed large capacity magazine by a federally licensed gunsmith for the purposes of service or repair, and the return of the large capacity magazine to the lawful owner;
(g) Law enforcement officers of this or another state, or state or local corrections officers, while acting within the scope of official duties, including authorized possession while not on duty, if authorized to acquire or possess a large capacity magazine in connection with official duties;
(h) The possession of a large capacity magazine by law enforcement officers retired from service or for physical disabilities, when the large capacity magazine in question was acquired as part of the officer's separation from service;
(i) Members of the armed forces of the United States or the state of Washington, or of the national guard or military reserves, while acting within the scope of official duties, if authorized to acquire or possess a large capacity magazine in connection with official duties;
(j) Any persons while otherwise lawfully engaged in shooting at a duly licensed, lawfully operated shooting range; or
(k) The possession or transfer of a large capacity magazine for the purpose of permanently relinquishing it to a law enforcement agency in this state. A large capacity magazine relinquished to a law enforcement agency under this subsection must be destroyed.
(3) A person who lawfully possesses a large capacity magazine under subsection (2)(a) of this section must comply with the following:
(a) The person shall not sell or transfer the magazine to any other person in this state other than to a licensed dealer, to a federally licensed gunsmith for the purpose of service or repair, or to a law enforcement agency for the purpose of permanently relinquishing the large capacity magazine; and
(b) The person shall possess the large capacity magazine only on the property owned or immediately controlled by the person, while engaged in the legal use of the large capacity magazine at a duly licensed shooting range, while engaged in a lawful outdoor recreational activity such as hunting, or while traveling to or from these locations for the purpose of engaging in the legal use of the large capacity magazine, provided that the large capacity magazine is stored unloaded and in a separate locked container during transport.
(4) A person who violates this section is guilty of a gross misdemeanor punishable under chapter 9A.20 RCW.

Watch yourselves they're come ya!