If you are a Content Creator/Camgirl/SW/person who's been approached by your client or customer with Crypto and are unsure of what to do or think it's a scam, You're are the right place The aim of this tutorial is to serve as a simplified guide to the ever evolving complex world of Crypto Currencies.

Basic Definition

Cryptocurrencies (Crypto) are a form of currency that's distributed by nature using technology. At it's fully potential, it manifests with no Centralized entities (banks, payment networks, even governments). Obviously it is not there yet, the various tools that have evolved around make it distributed, have at times complicated it much more and added centralization too.

Think of it as internet cash: you can send it directly to someone anywhere in the world, like sending an email, but it’s designed to be secure, private, and sometimes even anonymous.

Origins

In 2008, a person or group using the pseudonym Satoshi Nakamoto published the Bitcoin whitepaper, titled "Bitcoin: A Peer-to-Peer Electronic Cash System." The whitepaper introduced blockchain technology, a decentralized ledger that ensures transparency and security without a central authority.

The current landscape is complicated and chaotic with almost anyone being able to launch their own version of Bitcoin aka Altcoins. We will skip this tangent completely as it's out of scope. Know that BTC and ETH are the two mainstream blockchains you need to worry about. It's safest to not accept anything else.

Why Crypto?

There are several reasons to use Crypto, even if its currently cumbersome vs Fiat.

  1. Protect your identity, Anonymous payments.
    1. Depending on your expertise level, you can be completely invisible.Your fan has dispensable Crypto and simply wants to use Crypto
    2. Note that while there are lots of scams, if you follow the this guide to the dot, you don't have to worry. At any point refuse if you go off track.
  2. You're a CamWorker/SW
    1. Although there are many platforms like the now defunct wishtender that simplify things, it's only a matter of time when FIAT fails you.
    2. There is a lot of transaction reversals that happen and FIAT payment providers generally avoid this area completely.
    3. A lot of platforms completely lock you into their platform in ridiculous ways and take a massive cut capitalizing on the lack of awareness to alternatives.
  3. You want to be a part of the future. 

Things to be aware of

Not everything is perfect and same applies to Crypto. Few things you want to look out for.

  1. Scams: the lack of awareness in general is to blame. Take control and follow this guide.
  2. Crypto is a volatile asset, there are stable variants (like USDC) which we will cover in the future.
    1. It is debatable, but I don't portray Crypto as an Investment here, but as a means to transfer anonymously without a lot of third party involved.
  3. Regulations: Processes like KYC and taxes can create some resistance, I'll update the tutorial with more on these in the near future.
  4. Evolution: This is bound to happen, not limited to Crypto but everything in life.

Receiving Crypto with Gallerika

Instead of using your wallet/account at the Exchange, we want to use a more convenient Crypto wallet that holds enough balance for your day-to-day transactions.

Why Gallerika?

Gallerika is a platform for selling digtial goods. With Gallerika, you save precious time by not having to deal with your seller on negotiating prices, type of currency etc. You appear more professional by providing a good/service at a fixed price and fixed Crypto Blockchain, network and token.

In short, Gallerika simplifies the buying-selling experience for both you and your customer!

  1. Install Metamask Wallet https://metamask.io/ - You can use any other ETH wallet too like Rabby, Enkrypt etc
  2. Signup at https://admin.gallerika.com/
  3. Go to the 'Store Settings' page and Connect your wallet.
  1. Add a Billboard, a Category and a few Products.
  2. Find your site link in the Overview page in the admin portal.
  3. Voila!

Other:

Adding funds to your wallet:

  1. Click on the Buy & Sell button.

  1. Search for USDC and select USDC Polygon
  1. Choose your respective Method Debit/Credit/ACH to add funds to your wallet.

Want Cheaper fees? You need an Exchange

Wallet providers like Metamask often have expensive options to withdraw your balance. The best rates are often with an exchange. An exchange simplifies all your different holdings in one place and allows you to easily transfer to Banks for Fiat (Regular Cash). 

Go ahead and Signup for one of these accounts. Some things to keep in mind:

  1. If its an established exchange, you generally have nothing to worry about.
  2. Many of these have KYC processes depending on your country of residence (I'll try to eventually expand this tutorial to cover more)

Transfer your coins from Metamask to Coinbase and easily withdraw to your bank account if you need cash. Or you could always keep and spend in Crypto!