I think if you are genuinely interested in holding Monero then best get their own wallet.
being a privacy-coin also means it is missing from some exchanges.
One possible solution is to have a general wallet, such as Exodus - basically a digital handbag with coin wallets inside it. lol.
https://www.exodus.com/monero-wallet-xmr
RE: Blurt Economic Indicators - 27 February 2022
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Blurt Economic Indicators - 27 February 2022
Exodus works well - you can even go the extra step and use it with Ledger.
The internal token swaps are a bit expensive in fees but transfers in and out with exchanges has normal fees and works well that way.
However, check which coins they have, coz is certainly not all of them.
Also, make sure to keep everything written - password and the mnemonic key.
I heard you can have a completely owned wallet and keep it on a dongle? Wouldn't that be the safest option? If I'm registered with Kraken don't I have a wallet with them? I couldn't seem to find details.
Thanx for the help, I'd like to keep my exchanges to a minimum or it could get confusing?
Exchanges are not really your wallets, they are custodial, hence you have an address but it could be shared with others, hence why memos are used to know which user is transacting. I've never used Kraken so don't know its details from the inside.
Just ensure you don't lose the dongle!! But even that needs a wallet software.
Also, another conceptual leap, even wallets are not really coins inside the wallet. Think of the wallet like a bank card - your money is not IN the card, the card merely allows you to transact eg shops or ATM. Your money is in an account - similarly your actual coins are in an address on the relevant blockchain - a wallet, especially multi-coin wallets like Exodus, are just a convenient way to transact.
So, something like Exodus is a handbag with coin-wallets inside which are coin-cards!! lmao. No real coins are in there at all! They are all on the chains.
yeh I know there are no 'real coins' in there hahaha, I'm not that retarded. My bank gives me my card tho so wondering why Kraken doesn't give me a wallet too, I just don't like having all these different things I have to log into to transact. It seems so clonky. I want it to be smooth and easy.
Thanx for helping btw xx
Yeah, would be much easier if there was one global central bank.
btw Kraken does give you a wallet - but it's not yours, it's theirs! custodial.
yeh haha I got the sarcasm there. I see what you mean. Ok if kraken has a wallet then I should be able to get the address of it? Or is that not ok as it's not 'mine'?
I've never actually 'withdrawn' anything from here, hive or ionomy yet. Is that what I have to do to change bitcoin on ionomy to monero on kraken? Just trying to work out how to do that.
Ahhh... no, the exchanges themselves don't have an address - unless they are also a coin.
So, back to the handbag analogy, the handbag itself has no address - you have your account login to access it, but it isn't a "coin address".
I'm still not exactly sure what you wish to do - sounds like to transfer BLURT to Ionomy, then sell for BTC, transfer the BTC to Kraken, then sell for Monero XMR. Is that right?
You have an Ionomy account? In there you will see the deposit memo needed for BLURT.
You see, with graphene chains the whole "address" issue is clearer - coz there is no address (!!) - the wallet address is your username, so when you transfer to the account "ionomy" you must include the memo to tell their site to put the coins in your account, else it just goes to theirs! lol
Exchanges do this otherwise every trade will rack up network fees - so all trades are done internally, on their own ledger, and only transfers to and from the exchange have to go through the relevant blockchain.
So your "Kraken account" will have a username and login, but that in itself is NOT a coin-wallet.
eg your various cards in your physical wallet all have card numbers, but the wallet itself doesn't (not until they barcode everything!)
To be clear I know how to swap from hive to blurt. I have some bitcoin on ionomy which they gave me for my hive (I sold all of my hive). The bitcoin is on iononmy. I want to buy monero with those bitcoin or swap, don't care where I keep them just how to do it.
I still don't understand the difficulty.
go to Kraken, look at their BTC deposit page and you will find the BTC address and maybe a memo too.
Go back to Ionomy and send your BTC to the Kraken address and memo.
(Some exchanges with some coins generate unique addresses, hence no memo needed, but if the coins are pooled then u must incl the memo.)