This is my first post on Twetch.
This is my first post on Twetch. I don’t know how many I will be posting as I am not familiar with the aims and purpose of the platform but I arrived here because Sir Toshi @1208 mentioned it it this YouTube video [ https://www.youtube.com/watch?v=_3W4Fd6eeco ]and collectively, the speakers piqued my interest in an alternative mechanism of monetary exchange outside the traditional banking system - one more aligned to ordinary people’s interests than the transnational cabal known as “The Banksters”.
I also watched this video [ https://www.youtube.com/watch?v=_Y0kaV5HDLg ] which provided a crash course in how to get setup with cryptocurrency via an exchange and digital wallet. It was just enough to hook me and I’ve now made my very first transactions. I hope others will follow me and road test it as I am doing. My purpose id to get more familiar with the system in a low risk mode. At this stage I’m just getting setup and immersing myself into a different tribe of like-minded people. I’m not looking to invest for financial gain just now - that may/may not come - my interests are similar to Neil Oliver’s @ 219047 and I’d like to support a system that returns sovereignty and agency to good people.
Getting started was straight forward enough however it did get a tad confusing and I learned a few extra things along the way which I would like to share here for all the other newbies that are just behind me.
Here is the post I put in the comments of the video with Gary-peter @218689 . I was/am very grateful to him for putting the tutorial together. The unfortunate effect of someone who is clearly steeped in all aspects of crypto, and having had to re-record the video numerous times as the original versions magically disappeared (!?), is that some technical terms and assumed knowledge has crept in. Therefore my purpose is to (a) be a guinea-pig and help others who are complete novices and (b) enhance the original material to help achieve the original goal.
Here are the comments I made (aimed at people who watched the video and in need of a simple overview and practical tips).
In simple summary, here are the pieces and the process flow likened to something more traditional:
Banking analogy Think of it like this:
- Coinbase or Kraken = a currency exchange desk or online bank branch.
- USDC = the foreign cash you buy first, like euros or dollars.
- Exodus = your personal wallet or pocket.
- BSV = the actual currency you want to end up holding and spending
The process flow is:
- Open/create an account at the exchange (Coinbase or Kraken)
- Put in pounds and buy USDC
- Move that USDC into your wallet (Exodus),
- Swap USDC for BSV (inside Exodus).
Simple step-by-step
- Open an exchange account: Use an exchange like Kraken or Coinbase, and complete identity checks just like opening a bank account.
- Add money from your bank: Transfer pounds into the exchange by bank transfer or card, the same way you would fund a payment account. * PLEASE NOTE - I am in the UK and had to wait 24 hours before I was allowed to add funds.
- Buy USDC first: In the video, USDC is the “bridge” currency, like buying euros before sending euros abroad.
- Set up Exodus: Install Exodus on your computer and make it secure with a strong password and backup details.
- Move USDC into Exodus: Withdraw your USDC from the exchange into your Exodus wallet address, like moving money from a bank account into your own wallet.
- Swap USDC for BSV in Exodus: Use the swap function inside Exodus to convert the USDC into BSV. * PLEASE NOTE - if you follow the example here you'll need some coinage (Ethereum) in your wallet to enable the swap - this is the currency needed as a transaction fee as mentioned at approx 14:20.
- Send BSV to someone else: Enter the other person’s BSV address, choose the amount, and confirm the payment, just like sending money to an account number.
On Sept 3rd 2026, I have successfully completed this process and purchased my first round of BSV. It took a couple of hours to get my head around the process (I took my time and employed an AI) - after setting up the accounts, a further 24 hours elapsed until I could purchase USDC - another 10 mins to figure out why I could not do the swap (I needed to get some ETH for the miners fee). At this immediate point, I have converted £120 and have a portfolio (BSV + ETH) worth £112.93 (it is edging up by pennies as I type).
I hope this helps - I am a newbie here too so learning whilst doing.