Cryptocurrency F.A.Q (LOOK AT THIS BEFORE STARTING A THREAD)
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Cryptocurrency F.A.Q (LOOK AT THIS BEFORE STARTING A THREAD)
If you'd like to contribute to the F.A.Q, please post a common question and answer below in this format: https://pastebin.com/gw36LxrK
1. How do I convert my Cryptocurrency (eg. Bitcoin, Ethereum etc) into real life cash/dollars? Or My real life cash/dollars to cryptocurrency?
Q1: Answer (Credit to Allura)
If you are in the US (any countries listed here), a simple way to do this is using Coinbase.
If you are outside the US, a simple way is to use the MPGH Cryptocurrency exchange marketplace. This means no identity verification, but high fees. If you seek low fees, then chances are you will be required to do some sort of identity verification. To find a vendor to sell in your country, you have have to do your own research.
If you are under 18, you have no option but to use MPGH Cryptocurrency exchange marketplace. Make sure you get permission from a parent when making online transactions.
2. I got hacked/Someone stole my coins?
Q2: Answer (Credit to Allura)
There is nothing you can really do. You can of course report it to your local authorities but you won't be getting your coins back by other means. The best thing to do is learn from your mistakes. Prevention is the best way to avoid getting hacked. Don't store your coins in a place where you don't have access to your private keys (eg. Coinbase doesn't let you have your private keys or in exchanges).
- Always make sure your email password is very secure as well as your other passwords.
- Never use the same password more than once.
- Always use 2 factor authentication where ever you get the chance. Do not use SMS 2 factor authentication, always use Google Authentication
- Never give out your private keys or your passwords
- Never download files from untrusted sources.
- Never trust a website that you log into until you are absolutely sure its not a phishing website