29 Aug 2017 09:44
I use Lykke to get the money in as you can deposit with Credit/Debit Card and buy BTC instantly (Though rates are quite poor compared to other exchanges), then transfer to Kraken/Bittrex to buy altcoins.
Holding NEO, XRP and XTZ (Tezos yet to hit the exchanges). Doubled my investment currently. But like Jordan said, only put in what you can afford to lose.
Gojira really must be laughing now, BTC currently at $4400.
29 Aug 2017 09:48
I tried Coinbase but fees seemed high and card deposits were capped for me.
If anyone knows cheaper way of changing my fiat to BTC without deposit limits let me know. Only been in since June so relative newbie.
29 Aug 2017 12:35
am in the same boat as collizhun. coinbase fee is ridiculous
29 Aug 2017 15:15
Have a look at coinfloor.co.uk for buying BTC in the UK but I don't know if it's any better than coinbase.
Buying litecoin and then transferring it to an exchange might work out cheaper and faster but I haven't crunched the numbers.
30 Aug 2017 16:41
With coinbase you are paying for the convenience of using a debit card/credit card.
The best rates for BTC appear to be offered by uphold, though you have to make a bank transfer. I made a transfer 3 days ago and still waiting for it to be applied to my account. It's a SEPA (European bank) transfer so your local bank may charge a fee, you can circumvent this by using the Revolut app though.
Planning on having a dabble with some XRP, IOTA and maybe some Ark.
posted 11 Sep 2017 19:45, edited 11 Sep 2017 19:45
Anyone tried Bisq? It's a true decentralised exchange and isn't governed by anyone (how it should be).
Oh and anyone investing in large amounts should seriously consider a hardware wallet (cold storage) like the Ledger Nano S. There are small transaction fees when you send the cryptocurrency from the exchange to wallet, and back again if you wish, but worth it for the security point of view. Also the fact that you'll own the private keys yourself. If you store it on an exchange (any other than Bisq) you don't own the keys, the exchange does.
11 Sep 2017 22:15
You got one of those ledger nanos rira?
need to store coins properly to be honest. was looking at paper wallets - anyone done this?
i've got a fair amount and currently they are all on coinbase
posted 12 Sep 2017 16:21, edited 12 Sep 2017 16:21
Got most of my coins in Exodus now, but will probably get a Nano S. They're sold out everywhere though. Don't leave them on an exchange unless you're actively trading.
For Coinbase users, you can use GDAX. It's their exchange and has lower fees. Coinbase is a convenience product. Sadly can't use it myself because you need two identification documents, which I don't have. I use Kraken now.
13 Sep 2017 06:35
China news and maybe James Dimon being even more of an idiot than usual.