RE: "Child Pays for Parent" on Electrum with Ledger Nano S
Hello @lukestokes I picked up on some of your content from @intelliguy and after reading some of your posts I was very impressed with the validity of your info and I am having the same problems you were having but on a much smaller scale and with the Altcoin Ripple . I am trying to find a altcoin wallet that accepts ripple and dodgecoin , and after alot of time and research I found a wallet that accepts ripple and is secure but once set it all up it wouldn't let me purchase anything with a debit card or wire transfer or PayPal , so I had to transfer some bitcoin and did a exchange for ripple.
It worked the first time , and today i tryed to buy more useing the same process accept instead of bitcoin I moved some Litecoin and tried to do an exchange again litecoin for ripple and it wont go through ? So I tried to set up a verification/address ? and it's saying they no longer are processing requests for U.S individual customer accounts. ?? https://www.bitfinex.com/verification/address
So why would it let me create an account and transfer LTC , BTC , and buy Ripple with the BTC and then say that stuff?
I have a coinbase account also but if you know of any other Altcoin Exchanges/Wallets that are fairly secure I would appreciate the advice. I know that the Nano Ledger hardware wallet accepts multiple Altcoins also but I would appreciate the help your a very seasoned veteran of this world and your opinion is valued . Have a good night Steeeeemonnnnnn !!!!!!!!
Yeah, BitFinex no longer serves US Customers. They announced that a while ago and I got all my stuff out of there. Unfortunately, I also panic bought EOS at a high price. Heheh.
Always check the details of an exchange before using it.
Good luck on your journey of learning. I'm not a fan of Ripple. Seems like a centralized banker coin to me. Good luck.
So I can put my BTC& LTC in my Coinbase right ? but what wallet would you recomend for Altcoins in general ?
Yea it's a journey but its the future and I have to prepare , I have a & month old and a 7 year old so I need to have some sort of foundation set for them because I am confident that Crypto is going to be the only currency for there adulthood .
Thanks for your response and honesty included in your advice , some tell you what you want to here an ask for a follow and a upvote !! If you got a wallet you know of or a fellow steemian that does I would appreciate the guidance ..
Thanks again @lukestokes
Which altcoins do you mean? The Ledger Nano S works for many of them. There's also Exodus, which I haven't had any problems with. For fancy stuff like Neo or Byteball Bytes, just use their native wallets.
Ripple and Dodgecoin LTC and BTC . I am familiar with the Leger Nano S , do you think that is my best bet compared to an online wallet is a hardware wallet ? They are most secure I have read , i just haven't decided to order one yet . I seen them for $80 on Amazon. I just don't know how how the work compared ;lets say a coinbase or changelly , or if its more practical to use those if you moving a lot of coin around ? Thanks for helping me out bro I really been trying to get all my coins in order and safe and secure , its stressing me out !
If you don't control the private key, you don't control the cryptocurrency. More on that here. Changelly is an exchange, not a wallet, right? Yeah, I'd say either paper wallet or hardware wallet is the best way to store your cryptocurrency. More info here: http://understandingblockchainfreedom.com