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What's the best way to pay an online merchant using Crypto for someone who has never bought/used it before? (lemmy.dbzer0.com)

submitted 10 months ago* (last edited 10 months ago) by Melatonin@lemmy.dbzer0.com to c/asklemmy@lemmy.ml

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I trust the provider, and it's a small amount I'm willing to risk. Just don't want to throw it away, be frustrated, or get involved with shady people.

Android/Windows user, btw.

For those people who are wondering why I would ask Lemmy strangers about my money decisions, let me tell you my thinking.

I am in the decision making process. One of the things I do when making decisions is gather information from a variety of sources. I then weigh that information as to how useful I find it, research any possible leads, and use it as a launching point for my own investigation. I find that beats the hell out of googling whatever I can think up on my own in a field where I have no experience whatsoever.

For clarification, I'm not telling anyone else how to do anything. You humans live your life however you want, and I respect you as individuals with opinions of your own. Live how you want to live, choose how you want to choose, be how you want to be.

Much peace to all ✌️

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[–] salarua@sopuli.xyz 0 points 10 months ago* (last edited 10 months ago) (1 children)

I'm not gonna speculate on what you're buying, but I'm afraid you're gonna get involved with shady people no matter what if you're using cryptocurrency. the entire industry is in the midst of a cascade failure thanks to Three Arrows Capital going toes up, and con artists and thieves are cashing in. cryptocurrency exchanges are using their own customers' money for not-so-good purposes, stablecoins are rapidly losing their pegs, and it seems like a bridge gets cracked every other day. my advice? if you don't want to deal with shadiness, you really shouldn't use cryptocurrency at all.

[–] Melatonin@lemmy.dbzer0.com 4 points 10 months ago* (last edited 10 months ago)

Oh, my mind is made up, and there's clearly no reason to use Crypto for anything. A dumpster fire if there ever was one. I'll be a spectator, not a participant.