Can I get a quick rundown on how to get into the coin market? It seems like the right time to jump on the POSW train, however I'm completely bluepilled as far as the tools go.
I have a Bittrex account and I'd like to know how to trade POSW. My understanding is that you buy BTCs via Coinbase and then transfer them to a wallet of some sort? Is there any documentation or pasta available on how to get started?
I would link you to my website which has a start up guide for cryptos but it's against the rules and I would probably get called a faggot shill.
Basically buy btc on CoinBase, Gemini, localbitcoins, etc > generate btc wallet address on yobit (bittrex doesn't sell posw yet) > deposit your recently bought btcs to the yobit btc address > wait a few minutes or hours for transfer > on yobit marketplace click posw and buy > transfer newly acquired posw to poswallet to start making more posw for free
Dominic Morales
Also kys for not googling this shit you lazy neet
Christian Torres
So, basically, after I purchase my POSW on yobit, I'm supposed to transfer them to my poswallet account. How is that exactly accomplished? Do I generate the link via yobit for a BTC transfer, or is the mechanism built into the poswallet thing? Wish you could actually link that website here.
Logan Walker
you forgot the part where the posw wallet is in maintenance like all the shitcoin wallets on yoshit
Ryder Murphy
I would recommend buying monero or eth instead of btc, if you're going for lower priced transactions, as the fees won't be as bad.
Liam Rivera
Wait, can't I just buy BTC via Coinbase and transfer them directly to the poswallet? What is the point of having that coin go through yobit if the poswallet platform seems to have a built-in exchange?
Christopher Richardson
Ok, I decided to setup a blockchain account since it seems to be less invasive in regards to getting my personal data. Won't I fuck anything up if I buy BTC via blockchain, then transfer it to yobit to buy POSW? Also, how do I proceed to transfer the BTC from yobit toy my poswallet?
Hunter Ramirez
poswallet is all in one. You can stake coins like POSW, PIVX, BITB 24/7 without using your computer. Has an Exchange. Also able to gain free coins for those who are just starting to get into crypto. Sign up at poswallet.com/login.php?referral=aprest (Referral Link)
Brandon Myers
Just send the BTC to your poswallet. Then use the exchange
Ryan Adams
>So, basically, after I purchase my POSW on yobit, I'm supposed to transfer them to my poswallet account. How is that exactly accomplished? You don't have to do this unless you want to stake them. You can also stake them not through the online account. You could alternatively buy them directly through the posw online account.
Personally I'm just holding mine on yobit for now. Lots of people complaining about slow deposit times on posw website
Thomas Bailey
Instead of actually depositing anything on the poswallet thing, can I taste the moon simply by buying POSW via yobit and later sell on yobit for BTC which I would then transfer back to blockchain? Still trying to grasp the entire mechanism of the poswallet. How is it going to differ from just holding my POSW inside yobit?
Andrew Martinez
Yes of course. If you do this you're gambling only on the price of posw increasing.
In yobit, yobit will stake your coins and keep the money. On posw exchange they stake your coins and keep only a small fraction of the money. They will let you deposit all different types of Proof of Stake coins, not just posw and do the same deal with staking and giving you most of the profit.
Ian Garcia
Okay, I'm getting somewhere here. The general idea would be to deposit the BTC from my blockchain wallet into my poswallet. Then, one should transfer the coins from staking into exchange and watch the magic happen from there on. Once I decide to withdraw, I put the coins back into staking, send all back into blockchain via pic related and enjoy the profits. Or should I also worry about managing the coins and spreading them withing the Proof of Stake coins manually? I'm really trying my best here, lol
Nolan Ross
What I'm doing is buying POSW and staking it. As the price goes up for POSW you are still earning coins from staking and can keep or sell the earned coins
Thomas Cox
Bretty sure its the season for FrN desu.
Didnt you check your calander....?
23rd of april they said...
Colton Carter
If I were to transfer the coins into exchange, am I supposed to perform any actions on the market with those coins? Or is it sufficient to simply watch the value of POSW grow overtime and once it's mooned or whatever, transfer back into staking from the exchange and to my blockchain wallet? I still don't fully comprehend the interface of this poswallet thing. I just don't want to mess up because of a misundestanding of the layout. Is my previous pick the correct way to withdraw money from poswallet into another one?
Angel Harris
In other words, once I put BTC inside my poswallet directly from blockchain/coinbase and they sit inside they stakes, do I have to transfer them to exchange and 'BUY POSW' via the BTC I just transfered to buy into posw while it's still low?
Luke Johnson
What are Sats?
Christopher Long
Yes, btc doesn't stake so even though it's in a "staking wallet" it doesn't. You need to use the exchange and buy posw. Then take it and send it from the exchange wallet -> staking wallet. It takes like 11 hours to start staking. Then you'll gain more coins while it moons
Jonathan Ward
Somebody kind enough to elaborate with a step by step guide so that newfags like me are less prone to fucking up with these tools?
Cameron Wood
Step 1 get all your money in cash Step 2 get lighter fluid Step 3 burn your cash Step 4 enjoy the heat benefit you receive from previously owning money because that's more than you'll ever get from shitcoins. Step 5 kys
Elijah Bennett
Ahh, I really appreciate your help, user! The only question remains, to seize the opportunity, is a way to sell POSW for BTC once it has mooned. Is it as straight forward as it seems? First I buy POSW via BTC that I transfered to exchange. Then put the POSW in staking. Once it's gold, I put it back in exchange, sell it for BTC, and withdraw BTC into my blockchain.
Jack Ortiz
What are you stuck on? Send btc to poswallet Btc will be in the staking wallet Send the btc to the exchange wallet This is all done under "wallets" Go to the exchange and buy posw coin with btc Your new posw coin will now be in the exchange wallet Go to wallets and send posw coins from the exchange to the staking wallet
Juan Young
Correct.
Contact the devs with a support ticket in order to get a bigger withdrawal limit (you'll need ID)
Jack Wright
Yep that's how you will do it Glad to help! If you have anymore questions later you can email me at [email protected]
Xavier Powell
You have the right idea. Just take it easy and do a few test buy/sell and deposit/withdraw with a small amount you wouldn't mind losing.
BTW you say moon like it's inevitable. I hope so and I'm holding mine, but a lot of people are dumping theirs because of (not unfounded) FUD. Don't get too high on hopium.
Aaron Scott
I owe you guys a lot. Getting right to it now. Wish me luck and same to you, anons!
Luke Watson
I'm aware of the potential scammy nature of the whole thing, but I sure as hell don't wanna miss out on a potential PIVX 2.0
Levi Davis
Good, I just don't want newbs to get burned and then become salty nocoiners. It is very new so hopefully we see real trust start to grow in the exchange. I mean there's tons of exchanges and time is really the only source of credibility they have.
Mason Taylor
As long as you remain skeptical and open minded, there is little to be afraid of. This POSW may seem kinda shady, but on the other hand it is said to have some fresh, never before seen features and appeals, so I guess the safest bet would be to invest a conservative amount and see whar happens. Speaking of the devil, I ordered my first transaction of 15 bucks on blockchain for a testrun and, currently waiting for the BTCs to show up on my poswallet.