@@RhettReisman this video helped me so much thanks! Do you think you could do a video just showing how to do it using a ledger nano? It took me so long to figure out how to put it directly on my nano x because I'm a newbie lol. I finally figured out you have to be on ledger live, do receive, have the strike app open, have already previously deposited money on the app, then click pay and scan the QR code from ledger live. And I still wasn't sure if I did it right at first because the fee was like $8.14 and on everyone's videos they say the fee is only a few cents. But apparently that's just the onblock chain fee? It's been a journey man haha
Yeah the whole thing can get pretty complicated haha hopefully it’s easier in the future. $8 is higher than I’ve seen from a Strike fee but it’s possible if you were sending during a high volume time period. I should have a video out in March about the best way to store crypto. Basic description on Ledger: make sure you get your ledger from the ledger website and that no one has used it before. Fill out the private keys and NEVER share them with anyone. Ledger live software allows you to set up wallet accounts for send / receive - sounds like you’ve gotten that set up already. I haven’t gotten the Bluetooth from my ledger X to ever work with my iPhone so I have to hook it up to my computer whenever I send.
Yeah I’ll add that to the backlog :) Initial thoughts: ETH 2.0 should reduce these really high gas fees we’ve been seeing on ETH / other ETH based DeFi tokens. 2.0 (switches from proof of work to proof of stake) along with sharding will allow ETH to scale better. I don’t see ETH as a competitor to BTC. There is still no fixed supply in ETH, it is more centralized, and proof of stake is arguably less secure. So I don’t think ETH 2.0 will affect BTC at all.
To create an account, Gemini is now asking for SSN, not merely a KYC doc like a driver's license. Why? Is this something to worry about? (I figure SSN is almost like a private key - you simply don't give it out unless there is a fully-justified legitimate reason for needing it.)
Most/all banks require an SSN to open an account. To your point, other crypto exchanges might not, but Gemini is a very compliant and regulated exchange (vs a lot of other crypto exchanges that are not necessarily as compliant). I’m definitely not a regulatory expert though and can’t make a decision for you about who you give your SSN out to.
I had this same problem for a while with my Schwab checking account. It seems like some institutions don’t cooperate well with Plaid. I’ve had no problems using my Ally/Capital One accounts. I don’t think mobile vs desktop matters.
@@RhettReisman ok so I figured it out. So for those of yal who run into the same problem can figure it out. Once you do a regular wire bank transfer ($25 fee citibank for me) and its successful. Go back to deposit (on a cpu) and go find your linked bank account and on the right of it there's words written (can't remmeber what it said word for word ) but it's says to enable ACH bank transfers with that same bank account ...click that and you would b good to go. Just refresh the site and the phone app. And once u go into ue phone app you should see your account (for me citibank) with the ability to do ach bank transfer ....welcome yall 🦍🍌🚀💎⤴️AMC🚀
Hi Rhett, if i want to just buy and sell everyday, just like day trading, which one do you recommend, Gemini or coinbase pro? because i have read many review none of them is perfect. thank you
It looks like trading on Nash is either not available in the US or not available in Texas (looks like it's EU only) - so I can't trade on it yet. Looks like they do 0% maker fees and .25% taker fees. Seems really good. Not sure what the transfer fees are if any. Gemini's 10 free transfers still make it the best exchange IMO
I’ve seen some Middle Eastern Bitcoiners talking about BitOasis. I dont have any experience with it but could be worth a shot. It looks like Binance might be available in Dubai? If nothing else, I think there are probably Bitcoin ATMs there. Good luck man sorry I couldn’t be of more help :/
Yeah totally. Maybe one day there will be plug and play full nodes (or full node as a service - kinda defeats the point) I’m trying the umbrel raspberry Pi full node situation, I’ve heard set up is not too cumbersome The galaxy brain move would be secure element iPhone full nodes. Apple does so much cool bitcoin stuff in my dreams
I should have included Binance, it is definitely a top tier exchange from a fee perspecvice and BNB is a decent alt IMO. I've used Binance in the past for ADA and the experience (on mobile) was decent. I'm stuck on their legacy Binance and being forced to move over to Binance US right now haha so I've sort of fallen out with them. Might pick it back up if I'm looking for alts, they have a great selection.
Swan, Strike and all the regular exchanges will show you the spot execution price. On the regular exchanges (Coinbase Pro, Gemini, Kraken) you’re getting the spot price set by the market. On Strike you’re getting 0.3% higher market spread (but no buy fees) and Swan you’re getting spot price (but you pay membership fee)
Bunch of people were asking about Cash App so I made a stand-alone video for that here: th-cam.com/video/vRjP29anuws/w-d-xo.html If you’re asking is it okay to leave coins on Cash App, I wouldn’t leave anything more than spending money on any exchange including Cash App. Made a video about the best storage options here: th-cam.com/video/tSqykMnQskg/w-d-xo.html Hope those help :) Let me know if you want to see anything else
Looks like BISQ is similar fees to Gemini but no free transfers. Seems like you can get really low .05% fees on BISQ though for buys with their token. I’m probably going to stick with a Gemini the automated strategy is too good.
Yeah it depends what you want to use your Bitcoin for. If you keep your whole stack on a lightning wallet Strike + Lightning is definitely the cheapest way. But if you're holding in an on chain multisig or some other cold storage you'll have to convert to on-chain at some point. In which case Strike is only better if your on chain fee is less than the .1% maker fee over at Gemini (since Gemini pays for your first 10 on chain fees each month - effectively making all transfers to cold storage free)
@@RhettReisman Heard a lot of really good things about Gemini. What I’m using right is Strike to OKcoin via lightning network, strike actually gives you a cash back. You could eventually use those cash backs to fund the on chain transaction once you want to withdraw to a cold storage.
As of now Robinhood is only good for speculating on the price of bitcoin. They don't let you actually take custody of the coins by withdrawing them to your own wallet. This isn't a problem if you just want exposure to bitcoin in your portfolio, but it makes it completely impossible to spend your coins, take custody of your coins, or earn interest on them on a platform like BlockFi.
I think that’s accurate. The product is still very early, only recently came out of beta. I expect most of those features will arrive with time. But definitely stick with Gemini/Coinbase Pro if that security is non-negotiable for you.
They are going global, just released in El Salvador. I think they make money by providing liquidity / high market making volume to exchanges - good question though I’m not 100% sure.
Where have you been buying Bitcoin?
8:42 strike
💜💜💜💜💜💜
Strike is the future 🙏🔥🚀🌙
@@RhettReisman this video helped me so much thanks!
Do you think you could do a video just showing how to do it using a ledger nano?
It took me so long to figure out how to put it directly on my nano x because I'm a newbie lol.
I finally figured out you have to be on ledger live, do receive, have the strike app open, have already previously deposited money on the app, then click pay and scan the QR code from ledger live. And I still wasn't sure if I did it right at first because the fee was like $8.14 and on everyone's videos they say the fee is only a few cents. But apparently that's just the onblock chain fee?
It's been a journey man haha
Yeah the whole thing can get pretty complicated haha hopefully it’s easier in the future.
$8 is higher than I’ve seen from a Strike fee but it’s possible if you were sending during a high volume time period.
I should have a video out in March about the best way to store crypto.
Basic description on Ledger: make sure you get your ledger from the ledger website and that no one has used it before. Fill out the private keys and NEVER share them with anyone. Ledger live software allows you to set up wallet accounts for send / receive - sounds like you’ve gotten that set up already. I haven’t gotten the Bluetooth from my ledger X to ever work with my iPhone so I have to hook it up to my computer whenever I send.
Awesome video ! You definitely deserve more views for the quality of your content ! Keep it up
Thanks Julien :D let me know if there's something you want to see me cover
@@RhettReisman
Could you make a video explaining ETH 2.0 and how that might affect its price, processes, and relation to BTC ?
Yeah I’ll add that to the backlog :)
Initial thoughts: ETH 2.0 should reduce these really high gas fees we’ve been seeing on ETH / other ETH based DeFi tokens. 2.0 (switches from proof of work to proof of stake) along with sharding will allow ETH to scale better.
I don’t see ETH as a competitor to BTC. There is still no fixed supply in ETH, it is more centralized, and proof of stake is arguably less secure. So I don’t think ETH 2.0 will affect BTC at all.
awesome video !!!!!! coinbase pro and gemini
The two greatest!
Just subscribed.Little clue of what you're talking about,but I know I'm gonna learn a lot from you.
Haha thank you 🙏 we'll get giant galaxy brains together🌌🧠 I won't let you down :)
What a great great review mate .
Thank you brother 🥳🥳
Great vids. You just earned your 360th subscriber.
AHHH Thank you! We're gonna need a bigger bus soon - or a plane or something
Thank you for explaining Swan .
No problem homie. Swan is very convenient but not the best fees :)
ok subscribed nice video man
Thanks brother 🙏
To create an account, Gemini is now asking for SSN, not merely a KYC doc like a driver's license. Why? Is this something to worry about? (I figure SSN is almost like a private key - you simply don't give it out unless there is a fully-justified legitimate reason for needing it.)
Most/all banks require an SSN to open an account. To your point, other crypto exchanges might not, but Gemini is a very compliant and regulated exchange (vs a lot of other crypto exchanges that are not necessarily as compliant). I’m definitely not a regulatory expert though and can’t make a decision for you about who you give your SSN out to.
Did you end up doing a video on Strike? Is it still a thing?
My brother in Christ, I have a whole playlist: th-cam.com/play/PL-p_L_HbK7jVW0K5JNcgXyKKy2hh6yxO2.html
@@RhettReisman Awesome. I'm diving in, my dude. Thanks!
Cheers! Let me know if you have questions 🙏🔥🔥
The stupid pleid system that gemini uses to achieve your account is not working for citibank. It says it can't connect to institution.
Is it because I'm doing it via mobile.and not cpu?
I had this same problem for a while with my Schwab checking account. It seems like some institutions don’t cooperate well with Plaid. I’ve had no problems using my Ally/Capital One accounts. I don’t think mobile vs desktop matters.
@@RhettReisman ok so I figured it out. So for those of yal who run into the same problem can figure it out.
Once you do a regular wire bank transfer ($25 fee citibank for me) and its successful. Go back to deposit (on a cpu) and go find your linked bank account and on the right of it there's words written (can't remmeber what it said word for word ) but it's says to enable ACH bank transfers with that same bank account ...click that and you would b good to go. Just refresh the site and the phone app. And once u go into ue phone app you should see your account (for me citibank) with the ability to do ach bank transfer ....welcome yall 🦍🍌🚀💎⤴️AMC🚀
That’s awesome I’ll have to try it with my checking account! Thanks 🙏🥳
Hi Rhett, if i want to just buy and sell everyday, just like day trading, which one do you recommend, Gemini or coinbase pro? because i have read many review none of them is perfect. thank you
If you want to day trade, Coinbase pro
is probably better than Gemini. You should also check out Binance
@@RhettReisman , thank you for your reply
No problem 😁 thanks for watching the videos!
Very helpful, thank you
No problem Zach :) glad I could help
Could you please look at Nash (the app) ?
It looks like trading on Nash is either not available in the US or not available in Texas (looks like it's EU only) - so I can't trade on it yet. Looks like they do 0% maker fees and .25% taker fees. Seems really good. Not sure what the transfer fees are if any. Gemini's 10 free transfers still make it the best exchange IMO
Thank you so much!
No problem, glad I could help :)
Any suggestion to buy bitcoin in Dubai?
I’ve seen some Middle Eastern Bitcoiners talking about BitOasis. I dont have any experience with it but could be worth a shot. It looks like Binance might be available in Dubai?
If nothing else, I think there are probably Bitcoin ATMs there. Good luck man sorry I couldn’t be of more help :/
a gentleman with a Rubik's cube in the back... can only be a Good man;)
One day I'll do a live stream and solve 100 rubix cubes lol
Check out Sphinx Chat if you’re torqued up about the micro payments or value for value content, etc. Succinct video. Cheers.
I’ve heard a little about this. I’m setting up a full node this month to get a little better understanding of lightning. Sounds pretty interesting
Yeah totally. Maybe one day there will be plug and play full nodes (or full node as a service - kinda defeats the point)
I’m trying the umbrel raspberry Pi full node situation, I’ve heard set up is not too cumbersome
The galaxy brain move would be secure element iPhone full nodes. Apple does so much cool bitcoin stuff in my dreams
Good content, did you check Binance fees? it's much cheap mate. keep up
I should have included Binance, it is definitely a top tier exchange from a fee perspecvice and BNB is a decent alt IMO.
I've used Binance in the past for ADA and the experience (on mobile) was decent. I'm stuck on their legacy Binance and being forced to move over to Binance US right now haha so I've sort of fallen out with them. Might pick it back up if I'm looking for alts, they have a great selection.
Do all provide spot prices?
Swan, Strike and all the regular exchanges will show you the spot execution price. On the regular exchanges (Coinbase Pro, Gemini, Kraken) you’re getting the spot price set by the market. On Strike you’re getting 0.3% higher market spread (but no buy fees) and Swan you’re getting spot price (but you pay membership fee)
Do you pay fees when buying bitcoin
0.1% fees with the Gemini api. Video here: th-cam.com/video/h6r1h3am6kA/w-d-xo.html
Do you have a link for Gemini referral program? Would be happy to use your referral...I have gotten a lot of great information from your videos
Here it is: gemini.com/share/ZVG91T
Thank you! Let me know if there’s anything else you want to see me talk about :)
What about cash app? Is the bitcoin ok there?
Bunch of people were asking about Cash App so I made a stand-alone video for that here: th-cam.com/video/vRjP29anuws/w-d-xo.html
If you’re asking is it okay to leave coins on Cash App, I wouldn’t leave anything more than spending money on any exchange including Cash App.
Made a video about the best storage options here: th-cam.com/video/tSqykMnQskg/w-d-xo.html
Hope those help :)
Let me know if you want to see anything else
@@RhettReisman thanks I'll let you know. I just watched it. Gemini is a good choice eh. I'll check Gemini out.
I’ll have video out Monday on how to get that .1% fee from Gemini :)
th-cam.com/video/h6r1h3am6kA/w-d-xo.html - tutorial how to get lowest fees on Gemini
Can you do something about BISQ and the like …
Always thorn apart with KYC…:((
Looks like BISQ is similar fees to Gemini but no free transfers. Seems like you can get really low .05% fees on BISQ though for buys with their token. I’m probably going to stick with a Gemini the automated strategy is too good.
@@RhettReisman and i don’t think you can do DCA with BISq :)) that wouldn’t make any sens ;)
Just saw this again lol you knew about BISQ wayyyyy before me haha
Gemini now charges withdrawal fees
Yep. Have a video coming out July 4th on how to withdraw btc free using FTX. Code already on Notion.
Strike to lightning network wallet is the cheapest way.
Yeah it depends what you want to use your Bitcoin for. If you keep your whole stack on a lightning wallet Strike + Lightning is definitely the cheapest way.
But if you're holding in an on chain multisig or some other cold storage you'll have to convert to on-chain at some point. In which case Strike is only better if your on chain fee is less than the .1% maker fee over at Gemini (since Gemini pays for your first 10 on chain fees each month - effectively making all transfers to cold storage free)
@@RhettReisman Heard a lot of really good things about Gemini.
What I’m using right is Strike to OKcoin via lightning network, strike actually gives you a cash back.
You could eventually use those cash backs to fund the on chain transaction once you want to withdraw to a cold storage.
I haven’t heard about Strike to OKCoin. You can fund your OKCoin account that way and Strike does cash back into your Strike account?
@@RhettReisman yes my dude
That’s fire I’ll have to check that out 🔥🔥🤪 thanks!!
What about Robinhood
As of now Robinhood is only good for speculating on the price of bitcoin. They don't let you actually take custody of the coins by withdrawing them to your own wallet.
This isn't a problem if you just want exposure to bitcoin in your portfolio, but it makes it completely impossible to spend your coins, take custody of your coins, or earn interest on them on a platform like BlockFi.
Update on GEMINI !!
Once you implement the Gemini video you will be galaxy brain 🧠 🔥🔥🔥
@@RhettReisman :))-:))
Great. Now how do I get $37,000 to buy one bitcoin?
Go slow :D You can still be a millionaire in Satoshis (1/100,000,000th of a Bitcoin) for only $370
Unless I am totally missing something for the Strike app:
No 2FA
No PIN
No biometrics
No password
I think that’s accurate. The product is still very early, only recently came out of beta. I expect most of those features will arrive with time. But definitely stick with Gemini/Coinbase Pro if that security is non-negotiable for you.
Watching it again …:)
Thank you king 🙏🙏
Wow, 10x Subscribers! I'm going to subscribe now. FOMO
Thank you king 🙏
Isn't .5% half of the transaction total? Or am I missing something? How is a 50% charge good?
50% would be half :)
.5% is half of 1%. On $100 you would pay 50 cents
Strike: how do they make money …? Probably just in USA :(
They are going global, just released in El Salvador. I think they make money by providing liquidity / high market making volume to exchanges - good question though I’m not 100% sure.
@@RhettReisman please keep up to date . I am
Surprised they are KYC lovers …
$FOMO
Fr fr
Instacoins is the safest and cheapest way mate.
Never heard of it - looks like it might be EU only
Will take a look at these. Thanks for the recommendation.