Crypto.com app.

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CaseyMarie
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Crypto.com app.

Post by CaseyMarie »

So there is a particular kind of crypto currency I am interested in (LBC). I missed the boat with bitcoin and I'm interested in maybe trying out this new one. However I have absolutely no idea what I'm doing and I'm starting to get a little bit scared. It seems that the only way of buying them is through an iphone/android app. I tried downloading it and after giving it my email and phone number its now asking for my ID and a selfie and I'm thinking this is sounding really really scary now. I've not taken it any further but I was wondering if anyone has any experience with these bit currencies and if I'm safe to do this or if I should run to the hills and regret ever giving them as much as I have?

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phd21
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Re: Crypto.com app.

Post by phd21 »

Hi CaseyMarie,

I have never used any crypto currency although I have studied the topic.

From all the search results below they seem legitimate, but if it were me, I would research this thoroughly yourself.

Crypto.com app - Google Search
https://www.google.com/search?sxsrf=ACY ... CAo&uact=5

The request for ID and selfie maybe for encryption and for your protection. What ID are they asking for?


crypto.com app review - Google Search
https://www.google.com/search?sxsrf=ACY ... AHoECBMQAQ

Is Crypto.com app and Service safe? : Crypto_com - Tip: click view entire discussion button.
https://www.reddit.com/r/Crypto_com/com ... vice_safe/

Hope this helps ...
Phd21: Mint 19.2 Cinnamon & xKDE (Xfce) & KDE Neon 64-bit Awesome OS's, Dell Inspiron I5 7000 2 in 1, Dell OptiPlex 780 Core2Duo E8400 3GHz,4gb Ram, Intel 4 Graphics. I use KDE?:https://opensource.com/life/15/4/9-reasons-to-use-kde

CaseyMarie
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Re: Crypto.com app.

Post by CaseyMarie »

Thanks I'm reading through all that, its illuminating. I just feel like such a stupid girl. It seems I can't even get them in pounds anyway and I'd have to buy bit coins to buy them and ugh I just feel so stupid now.

It's just I saw what happened with bitcoins and people all over YouTube are saying how it might collapse due to this coppa legislation and stupid shower thoughts say to me "I'm a nerd, why not drop a fiver on this and see how it goes" but I'm playing with toys I have no idea about and its probably better that I slink off with my tail between my legs now.

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phd21
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Re: Crypto.com app.

Post by phd21 »

Hi CaseyMarie,

You are welcome...

The BitCoin fiasco has not helped crypto currency, but a lot of people use crypto currency world-wide.

bitcoin news - Google Search
https://www.google.com/search?sxsrf=ACY ... bQM7ywpJ-g

I would not necessarily be so hard on yourself. If you are interested in using crypto currency, be careful and use as many precautionary measures that you can. There are many articles on best way to use crypto currency available on the Internet.

Hope this helps ...
Phd21: Mint 19.2 Cinnamon & xKDE (Xfce) & KDE Neon 64-bit Awesome OS's, Dell Inspiron I5 7000 2 in 1, Dell OptiPlex 780 Core2Duo E8400 3GHz,4gb Ram, Intel 4 Graphics. I use KDE?:https://opensource.com/life/15/4/9-reasons-to-use-kde

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xenopeek
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Re: Crypto.com app.

Post by xenopeek »

Fear of missing out is bad reason to speculate your money on something as high risk as new cryptocurrencies. Here is a list of almost 2400 cryptocurrencies: https://coinmarketcap.com/all/views/all/. What makes you so sure LBC is the one that will follow Bitcoin's boom? Almost all of Bitcoin's boom late 2017 is attributed to one large player, manipulating the market: https://www.cnbc.com/2019/11/04/study-s ... 20000.html

If you do decide to speculate with cryptocurrencies I'd suggest to get a hardware wallet, or at least an offline wallet. You can also store your cryptocurrencies on an exchange but I keep reading about those that have been hacked or that defrauded their users. I wouldn't put hard earned money in cryptocurrencies.
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CaseyMarie
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Re: Crypto.com app.

Post by CaseyMarie »

Yeah I'm really really out of my depth with this, I don't want to have to invest in things like hardware wallets.

The reason I was interested in LBC is because as I say the whole COPPA thing on youtube might end up making people jump ship. No one really knows at this point I don't think. The law is written in such a vague way and google aren't telling their creators the full story. I was just thinking how maybe a decentralized service like lbry might become a little bit more popular. All empires have to fall eventually and youtube will probably be replaced at some point. COPPA may kill it it may not, I don't know. I don't think anyone does.

I wasn't expecting a boom anywhere near the scale of bitcoin I just thought it might be fun to throw as little as £5 at it. I thought it might be a little easier than it turns out it is. Like I say I'm feeling incredibly stupid at the moment...

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slipstick
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Re: Crypto.com app.

Post by slipstick »

You might be interested in this Amazon Prime video 6 part series - "Next: Blockchain". It's about applications of blockchain in general, but lots of stuff about cryptocurrencies. The talk from some of the initiators of cryptocurrencies about "cutting the chives" (fleecing the suckers) killed what little interest I ever had in investing in a cryptocurrency.
In theory, theory and practice are the same. In practice, they ain't.

MrMaheu1983
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Re: Crypto.com app.

Post by MrMaheu1983 »

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