Post
Topic
Board Beginners & Help
Re: New to bitcoin (help needed starting)
by
Goldson
on 01/12/2024, 15:44:36 UTC
I have managed to set up an account with Coinbase and I have verified my account and added my debit card to there system
So what must I do now to buy stuff with bitcoin? Do I need to top my coinbase account up from my debit card first before I can spend on the internet?
~

Unfortunately, I don't recommend you do that.  Bitcoin started as a form of electronic payment system, but its become more of an investment asset over time. While you can technically use it to buy things online, its often more practical to use a credit card or debit card directly.
What you dont recommend I use CoinBase or you dont recommend that I trade with it.

If its the latter one then, to be honest with you, for me its just an entery point for me into bitcoin.

In all honesty I am interested in trading in bitcoin because it should be a way of avoiding a post CBDC world. During the plandemic I was planning to open a bank account up with a bank in the country of Belarus. At the time the Pminister said he would not going into lockdowns as he was against a NWO! So I though great! at the end of the plandemic, checked the CBDC world map and  Belarus was in white meaning that it had nothing to do with it all, so that is where I though I would open a foreign bank account with a bank in Belarus at some point. Having watching one of Nigel Farage financial podcasts (well before he became an MP) he said after reading some long drawn out detailed dossia, that the UK gov where not planning to interduce  CBDCs until 2030 (so plenty of time). However I have gone back to the CBDC world map again now and it looks like Belarus is no longer in white and is indeed now part of the club! (Sure there are plenty of other countries to pick from). However after  reading the DWPs web site they said they where unable to make payments into foreign bank accounts! oh dear I though! time to look at cryptos to see if I can possibly get a bank account in it, I know (from memory) you can get a debit visa card in crypto. But What about a bank account? What about if someone pays me cash and I want to store that cash safe without leaving it round the house and without the banks or the gov knowing what I am doing, Can I transfer it into crypto. I mean can I turn paper fiat currency in to Crypto with out going though a bank account first? On that note further more if that is possible then can I transfer that fiat currency into an share dealing/ IFA/ ETF account again without the baking system knowing about it?