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hank2800

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  1. good grief,,,,, seriously FDSA?? without a doubt it's time to leave this forum ,, good luck everybody, been fun, this is now off the rails
  2. FDSA A- with a sum of BTC being 7 digits It would not be on an exchange vulnerable to an attack,many of the yield providers now allow the crypto to be held on a hard wallet separate from the provider and large sums like that obviously are handled differently, B-Even so as far as the breach gaining my personal information ,, That is already happening with mainstream banking and trading firms Nov 2021 Robinhood trading lost millions of customer names, emails and info,,,,July 2021 Morgan Stanley lost it's corporate client personal information. C- although I wouldn't want my personal info on Facebook,,, at the end of the day some exchanges offer a multi step process to withdraw funds, you can make it as difficult as you like with various phone connections, approved withdrawal whitelists etc. I am not on Facebook so I'm not sure what it takes to have that information removed and I would strengthen or change the details of how my accounts are accessed Once again all this info is available for those who wish to learn via a simple google search,, Correct me if I'm wrong FDSA who posted this but I'm guessing you don't own any crypto and have had nothing to do with the steps involved holding, transferring, logging into an exchange or any part whatsoever of the process? Over the past year I continue to see the same old worn out questions asked in this Forum. This topic is a good example , of around 24 replies to this,,17 of them have no value to the topic at all, but it would take a few hours of watching decent content in regard to exchanges and KYC and few people want to make the effort,,, easier to bash crypto,, unfortunately this just takes away time that people could have spent actually learning something,,,, but that is what forums and social media are best at,,, eating up time, Good Luck to all,, and FSDA, respectfully ,, you are obviously are not comfortable with KYC,,, simply don't get involved with it then, there is a multitude of articles available how you can do that,,, but you need to do the math.
  3. everything we do today is "hackable" If you're happy keeping your head down and maybe making a couple percent interest in the coming years, that;s great. I'll take the upside of High yield ,Staking profits and volatility everyday being in a quality exchange like Kucoin (BTW they have been hacked last year for a few million$ but no investor was on the hook for it) For every $1000 in mainstream investments I i only have to use $100-200 in crypto assets to get the same action/returns (I think the stock market may or may not make 10% in the next 12 months whereas I believe more strongly BTC will double,, 100% in the next 12 months), the other $900 I can stake for 10-20% annual interest( or use all that money to guard myself with triple firewalls, 25 character passwords,, 3 layer VPN'S,,and fake I'D's so the KYC boogeyman takes longer to get into my accounts I suppose.). If you are afraid of cryptos and the associated actions , I would recommend anyone take an online course for at least 100 hrs of instruction. When you are done you wouldn't be asking these questions and wonder what took you so long to get involved in digital assets in the first place.It's like guys still wandering around saying you can't buy a coffee with bitcoin. That's not the point
  4. Thailand had/has the opportunity to approach this from an entirely different angle much like El Salvador. Taxing profits on the sale of an investors crypto will simply A-drive that investor to trade offshore(easily done) and then just transfer the final asset into their local bank account via their Thai exchange(easily done),,, or just use it to pay for travel, rooms etc thru sites like Travala.com , lightning etc B- Thai exchanges are about to loose large transaction fees (I am one of them) because anybody with moderate crypto abilities will know to go around trading the Thai Exchanges, the options are becoming infinite You can argue all you want about how it's proper to report earnings on assets, cap gains etc, but facts on the ground will dictate people will move out of trading in Thailand,,, period ,,,,to the detriment of the Thai population However if they would approach this with BTC and crypto being more as a legal tender currency , method of payment to pay for services etc, capital gains are not required. one BTC is one BTC,, stop comparing it to a currency all the time,,,This would make Thailand a crypto friendly jurisdiction and drive business towards the kingdom rather than pushing it elsewhere,,,, the answer is hardly debatable and as obvious as the sun rising,, but the choice is Thailand's to make,,, you name it BTC Cafe, ETH enviro tours, Crypto delivery,,, Thailand can be a Tourism leader in the BTC marketplace with the proper choice made right now. If they are going to start taxing they might just as well tear out the BTC Atm's while they're at it. The tax on any crypto gains/losses based in Baht should be Zero percent, Crypto free trade zone. Money will flow into Thailand like water. All local businesses will benefit... think outside the box Thailand
  5. I think you're wrong there Jobsworth,, as long as you have an account at one of the larger exchanges like Kucoin, Binance, FTX etc you can swap these just as easy. plus you have to remember that you have 24/7 access to crypto,,, not so with common world currencies. and it's easy for most people to open an account with these,, Americans have to jump through a few more hoops but otherwise you're up and running within 48 hours. Kucoin is really easy and you can also get 5-7 % interest on USDT with them just holding it,,, not possible with foreign currencies,,, the world isn't changing ,, it has changed already,,, spend a couple days looking through an exchange like Kucoin and I think you'll be impressed,, cheers
  6. For Satang and Bitazza no witholding taxes or anything on capital gains? I've never paid anything or been asked to in the 14 months I've used them and I regularly channel money through them via my Kucoin, maybe the easiest thing Thing I've been involved in financially, wish all things worked that easy. As far as SCB and Bitkub,,, it's likely a good thing they have bonded and then maybe,, just maybe Bitkub will get it's act together and stop all the outages and unrealistic verification processes, I have a dozen various accounts and forks and Bitkub is a 3 ring circus comparitively ,,,for as easy as Bitazza is,,, Bitkub is equally as dysfunctional,,IMO ,,, but Bitkub does have a better variety and tighter spreads with a larger liquidity pool,, no question,,, if you can get verified LOL, good luck everybody
  7. XRP is much like all the others it has price pumps and dumps, regardless of news and hype XRP will have a big pump again the coming weeks, I'd disregard all the media hype and can easily move 30% /day ,,,,BTC does well, then a rotation to Eth and layer one protocols and then the smaller ones. Best to have a well rounded bag (including XRP if you like) of a half dozen (SOL,LUNA,MATIC, AVAX for examples) and one of them has a good pump sell some of those profits and put it into BTC ,,, rinse and repeat,,and ETH. As long as you have the time and willing to follow along for a few months you'll do better than just owning BTC. If you don't want the headache just buy 60/40,, BTC/ETH and forget about it till Feb.. IMHO,, buying SHIB here is likely going to be painful later,,, or not,, complete crapshoot Good Luck!
  8. open a bitazza account, ,, answer their questionnaire will take you a few hours to get verified,,link your Thai bank account to it buy all the BTC you like!
  9. I have Satang pro and Bitazza,, both were verified easily in a few hours last year, Bitkub was a month long headache so I gave up on them. But I do all my trading on Kucoin, easy sign up and many options for trading, Thai exchanges are good for moving money to your bank accounts but if you day trade the spreads are too wide, that's why you use something like Kucoin or Binance, then when you need money slip it back to Satpro or Bitazza and access your thai bank, pretty effortless all around really good luck!
  10. Non-event ,just use Kucoin, has a good selection of tokens, better interest rates and more user friendly than Binance
  11. Just open an account with Bitazza Thailand , they'll approve you in 48 hours, it's easy and they have decent liquidity pools so the spread on buy/sell is okay. good website/app , easy to use. then just connect your Kbank to them,, you'll need to download the Kplus app on your phone if you don't already have it and have your Kasikorn activate it. you can do same with Satangpro but as mentioned by another post spreads are too wide and no liquidity. Both have decent selection of tokens and have Eth for you. There is no liquidity with Upbit(I closed my account) and Bitkub is an absolute horror show to get approved (much like the current vaccination program) with numerous outages. They all have competitive transaction fees and nothing to concern yourself with for a couple transactions, but be aware you pay more for Eth transactions than many of the others but sounds like you just need to get your NFT thing up and running,,,so all good,, cheers
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