 Welcome to Digital Asset News, the Catop Stories and Cryptocurrency Digital Assets, and break them down to bite-sized pieces today. I want to go over something real quick which is the ShapeShift Wallet. I was interested in this because of an ad that popped up which looked pretty interesting because it had no KYC and it is a decentralized exchange. So that gets me interested because I'm always looking for a good decentralized exchange where hopefully, I don't have to pay so much in fees but I don't know if that's going to work out because what I like to do is I like to dollar-cost average every day and I buy Ethereum on Voyager and then I transfer it over and I've been buying Celsius. I've been dollar-cost averaging Celsius because it's one of my four tokens that I buy every single day. The problem is that the fees are like outrageous so I was hoping to try this one on my phone and see how it works out so I thought I'd invite you guys along for the ride so let's do this. So first up the website itself is shapeshift.com. What I'm going to do is because there's a lot of scams out there and sometimes I remember there's been scams where like if you type in the wrong uniswap it would take you to a faulty website which looked the exact same and they would take your money. So that's why I have this exchange of wallet fees. There's a link in the description looks just like this and it'll take you here. So I'm going to add this in actually this so it kind of goes like this. These are my recommendations and then as you go over to the right this is all the ones that are like in the no man's land which I don't recommend. So let's put this let's see right here bitcoin.com exchange I'm still evaluating it's certain one to the right and that's it. So you can find the website right there I mean it's shapeshift.com you shouldn't really mess that up but if you're looking for also other places to get other exchanges or wallets this would be my my recommendation because I built it and I'm biased. So but but just so you know all these all these links are affiliate links so if you use them you get between ten to one hundred dollars worth of bitcoin you don't have to but if you do that's what that's what happens. Okay so back to shapeshift I think it is just a wallet so on your phone I don't think they have a desktop version not for sure so we're if you're on your phone it'll just download it but since I'm on my desktop let me put on try shapeshift and yeah so let's sign up oh look at that cool I can just do it right here so I'll do it right here and let's create a count and so now like again if you're on the the website on your desktop you just put it on your phone so I'm just gonna do that real quick let's jump on my phone so I can show you what the heck I'm talking about so here it is I've already downloaded so I'm just gonna click on open it'll open it up it's the same thing I'm gonna pick English that's my favorite language and then if you're new you're just putting all your information but I already have the account because I set it up on the desktop it's the same thing and I will log in it's the same thing with everything else we're gonna create a mobile wallet I'm gonna guess that they're gonna give us the mnemonic phrase in a bit so make sure you have your handy dandy uh stonebook if you're not familiar with the stonebook it's what I use to put in all my mnemonic phrases and passwords all that stuff tear resistance water resistance only chemical real great thing because I was always losing stuff uh if you've watched my videos before you know that I lost 20 thousand uh ADA or ADA tokens cardinal tokens and that's why I put everything in this book I've got two myself ones at my house ones in my safety deposit box and that way I won't lose anything so pick those up there's one uh you can pick them up or link in the description check it out all right so we are back to our wallet I'm gonna click I understand before creating a password this will encrypt your new shapeshift wallet it's also sure and I understand that shapeshift cannot help me recover my funds yes let's create a new password so remember for this one it's kind of odd because they don't because usually you can recover passwords on on wallets but you can't recover the mnemonic phrases but this one like look we can't help you so that's just one of those things with the cryptocurrency assets so just be aware that yes so put this in your shield folio your stonebook and uh just keep it safe I understand now we'll go back to the app click on check status email verified great and you can see over here in the dashboard so we verify the email now we have to verify the ID why do we have to verify the ID if there's no KYC this isn't this is confusing okay so anyhow this is well this is pretty cool because it's got um the dashboard you can take a look at this on your desktop and also on your phone so that works out pretty well actually and then let's see pretty simple on the bottom bottom middle button right there let's see right here you can trade send receive and buy I bet you with the buy that is why you would probably need to verify your ID and you can pay with visa a mastercard apple pay interesting so okay so if I had any Ethereum I could do this right now but I don't have any Ethereum so I need to actually put it in there so let's receive crypto from another wallet I want to receive so there's four options oh wow I can do bitcoin USD coin Ethereum Celsius or whatever I want to I wonder I'm going to take I'm going to pick USD coin and I'm going to go up to my ethernet wallet which is in Brave so I'm going to click on Brave preferences and I'm going to crypto wallets I should have some USDC left perfect I have 10 USDC okay so I've got 10 USDC what I'm going to do is I'm going to transfer the USDC to my shapeshift wallet I'm going to send it's going to ask me for the address I can scan it but what I'm going to do is just copy here on my phone since I have a iPhone and a Mac I can just paste it like so perfect what the f... all right so that's never going to work so right so no this is not going to work so I want to send five dollars to the wallet and it's going to cost me 14 dollars get the f out of here that's retarded all right so let's just try this let me just see if I can do this let's send Ethereum and I want to send 0.10 how much is that going to cost me 125 bucks yeah this is not happening so yeah I'm not sending 14 bucks anything now this is the problem this is the issue with Ethereum 2.0 and hopefully it gets fixed and this is why on yesterday's video when I was talking about everything about how or my price predictions I said ETH could be great but this is the same thing that happened with Bitcoin back in the day when bitcoins the transaction fees went through the roof it was like ridiculous and the same thing's happened with Ethereum people aren't going to tolerate this I'm not going to tolerate this or you there's no way so what we just learned today is this shapeshift may be great but the Ethereum transaction fees are like way ridiculous and it's only going to get worse so that's why I invested in Ethereum but it also hedged my bet with Cardano and I think Cardano just because of this alone is going to beat the tar out of Ethereum I can't believe this is actually going on anyhow that's it for today's video so if you want to try shapeshift go right ahead but you're going to pay fees with a roof and that's all so thanks for watching I appreciate it and I'll see you on the next one