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Venmo works the same way. It's actually a secure API used by a lot of payment processing companies now. Giving out your routing number and bank account number is actually the least safe thing ever.
Fintech is pretty cool.
Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
Fintech is pretty cool.
Daezuel
Potato del Grande
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The old fashioned way is widely accepted but it was never a good idea. It's actually insane when you think about it. Everything about the checking system is insane when you think about it.
When you log into your bank info through the API, your password is not actually being given to Coinbase, an auth token to access your account is being exchanged.
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Rajaah
Honorable Member
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Sometimes I'm not sure if you're a serious poster or not, but Ethereum is what I'd go with if I were in the buying market today, easy. VET might be a good bet too if it's still around 10 cents. I'm not doing any buying because I haven't taken anything out of my MATIC consolidation during all this. If I had cashed out and had lots of money to throw around I'd likely go 80 Eth / 20 VET as a split.
Jive Turkey
Karen
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On Binance it was just driver's licence and new photo. Still seems like a lot of info to give out, but at least it's not banking info
Intrinsic
Person of Whiteness
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You can buy on Coinbase or Binance.us or various other places. What you may be looking for is a place to move your real USD in to a wallet. Which Coinbase will let you do, Binance.us, Coinbase Pro, Gemini, etc.. Which you can then use to buy MATIC through them or after a holding period of 10 days move it to another wallet and trade elsewhere.
You can do it directly through something like MetaMask also but I moved $500 in there and the fees were more expensive.
Rajaah
Honorable Member
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I wish I knew for sure. VET is something that should be a good performer but it's having issues catching on. It'll get big sooner or later I think.
One thing is for sure, getting into this stuff to get rich quick is a good way to get poor quick (stole that from that Lark guy). You're not that likely to hit a jackpot. Success seems to go with getting in early, and if you don't get in early the profits are small in comparison, the chance of being a bagholder goes way up, etc.
So how do you get in early? Well, adopt something in its infancy. TrueBit is still super early in its development. Also take a look at linear time. Right now we're late in the 2013-present crypto timeline but we're pretty early in the 2013-2030 crypto timeline. You can still be an early adopter even now in some cases, just don't bail when you gain or lose 10% one day.
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fanaskin
Well known agitator
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Depending on who you bank with, having multiple bank accounts is the way to go. I have 5 different accounts (I pay no fees for them). I have one core account that is never, ever connected to any outside source and the other four I use for various things (one connected to Fidelity only etc). I can automatically move funds between them on a whim. Its the best thing ever and adds a nice layer of security.
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karma
Molten Core Raider
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I have 2, an account connected to my trading accounts and crypto websites, that I keep a close eye on, but doesn't have much money, and that's all it gets used for, and then my main account. I can move money between them if I need to, but it takes a little more time. I figure this way if something ever does go wrong, hopefully there is some separation enough to keep me out of trouble!
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Tmac
Adventurer
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Lanx
<Prior Amod>
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i just signed up to coinbase this week, and i'm 99% sure you enter in your bank account user/pw
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