Submitted by [deleted] in Cryptocurrency
Comments
[deleted] wrote (edited )
froop wrote
What I do with it:
- hold it (for large amounts, store on Ledger Nano S with NanoVault)
- buy stuff with it directly (adoption is virtually nonexistent) - put.io offers a 20% discount if you pay with Nano!
- pay friends with it sometimes (once I've taught them about it)
- securely make a paper wallet for a friend, post it to them, and then when they've put it in a safe place, send them some Nano to hold.
- Send a small amount every week to a family in Venezuela so they can buy food from a mechant who accepts Nano.
Buying it at a good rate is not straightforward and the best route will depend on where you are. If you live in europe and have access to SEPA transfers then I recommend Bitvavo - it has some annoying little bugs that they still haven't fixed, but the staff are very helpful if you have a problem, and it does actually work. I get all my Nano there now.
I live in the UK so for SEPA payments I use Revolut as it offers cheap currency conversion (GBP to EUR) and no fees.
If you live in the US, or elsewhere, I don't know. It depends whether your priority is getting a good rate, or doing it with the fewest 'hops'. If you want simple simple (but a terrible rate) then Wirex is probably your best bet.
Otherwise, I don't know.
surreal wrote
all currencies are bad environmentally and ethically
Kaito wrote
ethically?
Kaito wrote (edited )
Bitcoin cash.
Edit: I forgot G1 the first libre money, but unfortunately, It is in a kind of beta mode, so It won't support large scale use for now (security problems to fix, for instance). But the concept WORKS.
froop wrote (edited )
Any currency with mining and block rewards is not good in this respect. So that rules out Bitcoin and anything with a similar design.
Nano has no mining or stake rewards. the whole network can run off the power of a single wind turbine. As well as being green, it's also very scalable, and offers full confirmation in about half a second! And there are no fees. The website isn't super good currently.
If anyone finds something they think is better (and has actually read up on Nano), I want to hear about it.
Edit: don't just read up on it. Try using it. Natrium is the best mobile wallet, and here's a list of faucets where you can get a small amount for free to play with.