WARNING: Don't use your seed wallet like an exchange while making a donation!

[Pammy]

On three different occasions, members expressed that they do it this way, which shouldn't be done. Priest Alexandros Iowno also warned that it is best to send it to your own seed wallet first (Exodus/Trust wallet), then to HoO AFTER the purchase is complete via an exchange. Exchanges are apps such as Binance, Coinbase, and Kraken.

It is tens of times more expensive if you use your seed wallet to buy crypto and send it to HoO! Seed wallets are wallets like Trust, Exodus, MetaMask.

• If you have 100 USD and buy crypto in a seed wallet, then send it to HoO, the HoO will receive 80 USD.
• If you buy crypto in an exchange app, send it to your seed wallet, then send it to the final destination, the HoO will receive 99 USD.

Your money is wasted on fees, Hall of Osiris receives less. Don't do this! Don't waste your money. Seed wallets like Trust Wallet do not ask your private information unless you try to buy crypto in it. This is the step that keeps you anonymous. When you try to buy crypto in Trust Wallet via dealers like MoonPay, they will ask for your private information and want you to scan your ID card. They can make you state what you are going to do with that crypto, ask questions, ban you, etc.

What you must do at the first step is to go to an exchange. Use your search engine ''What is the best crypto exchange in <country/state>''. You buy your crypto via an exchange. Send it to your seed wallet. Some countries's regulations require you to declare what you are doing with crypto. You will declare ''I'm withdrawing it to my own wallet.'' Then send it to HoO address from your wallet. After withdrawing it to your wallet, Trust Wallet etc. will not ask questions about what you are going to do with that crypto. It is your personal wallet like the one in your pocket.

Your seed wallet is your wallet. Exchanges are, well, exchanges. They are like banks you can sell your currency and buy another currency. In this case the currency you buy is a crypto coin. If you buy it in your wallet app a third party will be involved, for example Moonpay, Alchemy Pay, Banxa, and it will be much more expensive.

In records if your government regulates the exchanges, you are sending it to your own wallet. It is perfectly fine. You will not get banned by the exchange. You will stay safe. It will be cheaper.

Local regulations may pose challenges, we figure it out together. There is very detailed guide NG Maelstorm made for Turkish members.

Ask any questions in forums or VT chat. Most importantly, don't forget that your bank or government has no right to tell you how to use your money. It is your money. They try to control and watch our every movement. We shouldn't allow our world to turn into 1984, Big Brother watching our every movement. There is a member who managed to buy a Yule raffle ticket from Russia, and won a prize in the raffle. Fortune favours the brave. When there is a will there's a way. This is not the time to be cowards. That'd be all, thank you.

 

[Apprentice]

Thank you so much, Sister, for this important post!
I've been buying crypto directly on exchange, sending it to Trust wallet, and then to HoO.

Donating regularly to the Temple is a deed that is not overlooked by the Gods. Donors are held in favor by them!

 

[Henu the Great]

I've bought on Kraken and donated straight from there, as there are fewer fees that way. I do not see how another hoop could be less expensive, since there is another transaction and, with every transaction, there are transfer fees.

 

[Nikólaos666]

I've bought on Kraken and donated straight from there, as there are fewer fees that way. I do not see how another hoop could be less expensive, since there is another transaction and, with every transaction, there are transfer fees.

There have been some people that use this way and were blocked for sending crypto to ToZ, since the adress was "public", they knew where the money was going.

And some people need the extra privacy.

 

[Henu the Great]

There have been some people that use this way and were blocked for sending crypto to ToZ, since the adress was "public", they knew where the money was going.

And some people need the extra privacy.

Yes, and others have zero issues. But my point was not about that aspect at all, but about the fees.

 

[Rayquaza]

Does anyone know how the fees work with ATMs?
I usually buy in person from them and send the money straight to the HoO adress, but I never actually know how much ends up to HoO after the fees have been deducted.

 

[Pammy]

I've bought on Kraken and donated straight from there, as there are fewer fees that way. I do not see how another hoop could be less expensive, since there is another transaction and, with every transaction, there are transfer fees.

Hello! Thank you your for your question.

Kraken is an exchange. The mistake some members made was using a wallet instead of an exchange to exchange their money for crypto. Someone said they spent 1000+ USD only for fees because they were not aware of what an exchange is and what a wallet is. When you buy inside a wallet app you might be paying astronomical fees to 3rd party dealers.

Buy in exchange -> Send it to your final destination = Not expensive
Buy in exchange -> Send it to your own wallet -> Send it to your final destination = Not expensive or just slightly more expensive (less than 1 USD for every 100 USD for TRX and XLM)
Buy in wallet -> Final destination = The most expensive

Exchanges: Kraken, Binance, Cooinbase, others. (Exchanges may offer wallet services, I'm not talking about that)
Self Custody Wallets: Trust, Exodus, MetaMask.

What makes it expensive is not the transaction fee, the costly mistake is buying from 3rd parties instead of from an exchange. (Spread is wider, some extra fees like FX if it applies, service fee of the provider, other fees)

The extra transaction does not have to mean extra fees. I sent TRX from Trust to HoO with 0 fees every time I did this and when I used XLM, the fee was less than 0.01 USD.

 

[Kuka]

I will keep this post in mind, thanks sister Pammy!

 

[Pammy]

Does anyone know how the fees work with ATMs?
I usually buy in person from them and send the money straight to the HoO adress, but I never actually know how much ends up to HoO after the fees have been deducted.

Hello! Sorry, I never used an ATM. Maybe someone else will know more about it. I think you can learn inside the Hall of Osiris about how much ended up there, if you have the transaction ID. I can see the value of my past donations (only if there is an transaction ID also known as hash). Or ask directly to SG BlackOnyx.

 

[Nikólaos666]

Yes, and others have zero issues. But my point was not about that aspect at all, but about the fees.

I know, but how can you donate when you are blocked? That the whole point of my intervention.

 

[Henu the Great]

Hello! Thank you your for your question.

Kraken is an exchange. The mistake some members made was using a wallet instead of an exchange to exchange their money for crypto. Someone said they spent 1000+ USD only for fees because they were not aware of what an exchange is and what a wallet is. When you buy inside a wallet app you might be paying astronomical fees to 3rd party dealers.

Buy in exchange -> Send it to your final destination = Not expensive
Buy in exchange -> Send it to your own wallet -> Send it to your final destination = Not expensive or just slightly more expensive (less than 1 USD for every 100 USD for TRX and XLM)
Buy in wallet -> Final destination = The most expensive

Exchanges: Kraken, Binance, Cooinbase, others. (Exchanges may offer wallet services, I'm not talking about that)
Self Custody Wallets: Trust, Exodus, MetaMask.

What makes it expensive is not the transaction fee, the costly mistake is buying from 3rd parties instead of from an exchange. (Spread is wider, some extra fees like FX if it applies, service fee of the provider, other fees)

The extra transaction does not have to mean extra fees. I sent TRX from Trust to HoO with 0 fees every time I did this and when I used XLM, the fee was less than 0.01 USD.
View attachment 10291

Ok, thank you for the clarification. Yes, it makes the most sense to buy from the market, not from a third party, of course.

I know, but how can you donate when you are blocked? That the whole point of my intervention.

By using an alternative method. Or contacting customer support to resolve the issue.

 

[Apprentice]

By using an alternative method. Or contacting customer support to resolve the issue.

The real experience of many users is, that it's useless. Hence, it seems easier to avoid the problem of getting blocked in the first place.

 

[Pammy]

I know, but how can you donate when you are blocked?

The real experience of many users is, that it's useless. Hence, it seems easier to avoid the problem of getting blocked in the first place.

To explain this and how to avoid getting blocked further to our readers, sometimes exchanges pry too much into our business. Why would ''market'' care what we do with our money after they make their money? It is not the market, these exchanges answer to regulators. I dislike it very much when I'm asked these questions and if you answer wrong you might get banned. Even without the danger of getting blocked I don't like being questioned.

The best option to do in this situation is to declare that you are sending it to your own wallet. You are the recipient, the destination is your wallet, and the purpose of the transaction is sending it to your wallet. After sending it to your own wallet, you can send it wherever you want no questions asked.

It heavily depends on the amount and the country. Binance global does not ask for an explanation from me, Binance Turkey does. Some exchanges don't ask questions below a number.

...

I wanted to check the cost of the transaction. For 460 USD worth of TRX (Tron) there was no fee sending from Trust. From Binance to Trust was fixed 1.5 TRX (0.5 USD) but if you want use slightly easier direct deposit from your Binance account option it was fixed 2.7 TRON (0.8 USD).

You just need to be careful when buying it, I can't speak for other coins but transactions for TRX have been cheap. Unfortunately, when I had problems due to local regulations and did buy in the wallet directly, 20% of the value was lost. Someone else told every 1000 USD donation, they paid 100 USD in fees to buy crypto.

 

[Hierophant]

This is really important information. I've lost $20-60 every $1000, moonpay and other 3rd party fees are ridiculous.