Helping someone with crypto
Helping someone with crypto
Short pages for someone new to crypto, and for someone helping them before money is sent: a relative, a friend, or a customer at a bank.
Each fact gives its source and the date it was read. The sums page only does arithmetic, and nothing typed on it is sent.
Information, not advice.
- 1 · MOVWho can move the coinsA company account can reset a password. Recovery words cannot. The page does not say which to use.Read
- 2 · MATCoin, network, addressThe coin, the network and the address are three different things. Two matching does not make the third match.Read
- 3 · UNDWhat cannot be undoneA transaction the network has accepted, recovery words that are lost or passed on, and a permission to spend tokens.Read
- 4 · SITWhere a fee can sitA trading fee, the network fee, a withdrawal fee, and a fee asked before money is said to be returned. No amount, and no spread defined.Read
- 5 · SIMAn address that almost matchesA draft's lookalike, whose ends match and whose middle does not, and a finished checksum for a mistype. They are different checks.Read
- 6 · MEMA memo, or a second numberOn Stellar, a pooled account can use a memo or an address that starts with M. The XRP Ledger's destination tag is a different number.Read
- 7 · QSTThree questions about a stablecoinWhat the name means, what the Bank of England has drafted for sterling, and what two issuers wrote. No coin is chosen.Read
- 8 · SNDBefore you send moneyA list from FCA pages: the firm, the contact, a fee asked first, and where to report.Read the list
- 9 · SUMSumsA fee and a spread taken off an amount, and what a percentage fall leaves. The page only does the arithmetic. Nothing is sent.Work a sum