Education needed: Beginning with cryptocurrency

Carrousel7956

Kamika242 If somebody sends me a Monero address to get a payment, I could save this address in this person's contact details and use it again and again anyway?

Yes.

Carrousel7956

There's also name systems where people can use their Twitter usernames or anything but I haven't looked into them. That way you can just tell someone like "Carrousel7956" instead of sending the long numbers.

Kamika242

Carrousel7956

Received, now it's in verification process. Thank you for giving me this lesson.
0,43€ converted, so I think you must have sent 0,50$, right? It's exactly the current exchange rate.

Carrousel7956

I sent some to myself and did not receive a notification.

Can you send some to me to test notifications?

Carrousel7956

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Carrousel7956

Kamika242 yes

Carrousel7956

I paid 0.00003072(fee)÷0.00124647(amount) ×100(%)=2.4645599172%(fee percent) sending some to you.

So 2.5% fee on a 50 cent transaction. Not the best but the fee doesn't change much on bigger transactions so it's pretty cheap.

On a ~$100 transaction I paid 0.014% fees. Which is really good.

Kamika242

Carrousel7956 Can you send some to me to test notifications?

Sent it back to you now, fee was 0,01€.

I also didn't get a notification, although there is an option in Cake Wallet's settings, if I understand this option right.

Carrousel7956

Kamika242 no notification unfortunately.

Carrousel7956

I asked support :

We have some fixes for aliases coming out in the next build.

Notifications are broken due to background sync not working correctly which is in development

Carrousel7956

CakeWallet is not good UX imo but I don't want to switch because I've already trusted Cake so I don't want to trust a new party.

Carrousel7956

I'm testing skylight wallet which seems reputable.

https://skylight.magicgrants.org/

xxx

Kamika242 I thought Litecoin would possibly have THESE specific benefits,

LTC has it's pros:

very low fees
MWEB (Mimblewimble Extension Blocks)
fast

In general BTC works best despite the charged premium...

Carrousel7956

xxx In general BTC works best despite the charged premium

How does it work better than Monero?

Carrousel7956

Carrousel7956 notifications work! Only after it's fully confirmed instead of 1st received which is a little strange.

I can't get openalias working.

Kamika242

Carrousel7956 notifications work! Only after it's fully confirmed instead of 1st received which is a little strange.

I think notifications work only while background synchronisation when the incoming transaction wasn't seen by yourself before.

xxx

Carrousel7956 How does it work better than Monero?

More businesses accept it. If you want to sell you have a problem in the EU. I like Monero.

Kamika242

xxx

For me it's important to have lowest fees when buying a Crypto from Revolut-Ramp and lowest fees when swapping this Crypto>Monero then.
Im not going to start paying for everything with Crypto just yet, but if it is necessary, the costs should be as low as possible.

xxx

Kamika242 lowest fees when buying a Crypto from Revolut-Ramp

You have to check their fees ;-) I don't use Revolut.

Kamika242 swapping this Crypto>Monero then.

To pay silent.link? I tend to say this is not needed at all cost. I used BTC to order.

Kamika242

xxx I don't use Revolut.

It's my main bank account. As an example, buying Bitcoin for 20€ directly from Revolut would have a fee of ~ 4€ and over Cake Wallet and Revolut-Ramp only 0,34€, that was the cheapest I saw while trying several times, the most expensive was 1,08€.

xxx To pay silent.link? I tend to say this is not needed at all cost. I used BTC to order.

Me too and I will do so on further payments there, no problem, but who knows what the future brings, so I'd rather get the grips with the subject now. Silent.Link was the kick-off, I never cared for Crypto before, only heard about it.
In my family and circle of friends no-one is into Crypto, instead of my best friend, but he only makes speculations on Bitcoin and makes a lot of money of it, but that's not my goal.

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