Random Questions: Have A Baby By Me, Baby Be A Millionaire! The BitCoin/LiteCoin Thread


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Byte
Byte avatar

2954 posts since 16/6/10

29 Aug 2017 08:44
I'm using Bittrex and I have had no problems with it at all.

There is Poloniex, Yobit, BitGrail and a few other exchanges but I have no experience with them.

You can't buy these altcoins on Coinbase at all so you need to use these exchanges.

You need to buy come bitcoin and then buy the altcoins with bitcoin.

https://coinmarketcap.com/
collizhun
collizhun avatar

3880 posts since 19/10/06

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.
collizhun
collizhun avatar

3880 posts since 19/10/06

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.
Bails78
Bails78 avatar

641 posts since 6/1/08

29 Aug 2017 10:39
collizhun wrote: 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.

Don't know if this is what you're after https://retail.bitcoinsuisse.ch/en
swede
swede avatar

8722 posts since 21/3/09

29 Aug 2017 12:35
am in the same boat as collizhun. coinbase fee is ridiculous
Byte
Byte avatar

2954 posts since 16/6/10

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.
Sholto
Sholto avatar

566 posts since 25/12/12

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.
deuce
deuce avatar

13830 posts since 21/1/08

posted 31 Aug 2017 08:36, edited 31 Aug 2017 08:36
i used a debit card for coinbase to make my initial purchases, then a bank transfer when i deposited a large mount. bank transfer also took a lot longer than expected - which is annoying as i missed buying when it was ~140 fml.
really dont see the issue with fees myself, but to each their own Smiling
illwill
illwill avatar

4017 posts since 17/5/04

31 Aug 2017 08:40
Coinbase card transaction limits increase the more you use it.

Mine's up to 2.5k now Oops
swede
swede avatar

8722 posts since 21/3/09

31 Aug 2017 12:07
Sholto wrote: 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.

I just signed up to this and was gonna send through some £, then read some reviews across the internet - not great Puzzled
swede
swede avatar

8722 posts since 21/3/09

31 Aug 2017 12:17
didnt know revolut did free sepa transfers though. just sent to coinbase instead Cool will report back on fee
12f0
12f0 avatar

119 posts since 7/11/15

31 Aug 2017 13:23
I'd recommend

https://www.solidi.co/index?tab=buy


swede
swede avatar

8722 posts since 21/3/09

11 Sep 2017 15:30
swede wrote: didnt know revolut did free sepa transfers though. just sent to coinbase instead Cool will report back on fee

this is BULLSHIT none of the money has gone into coinbase. says they have been having "SEPA bank transfer partial outage" issues for the past few days. i sent money 11 days ago and it is nowhere to be seen
Rirawin
Rirawin avatar

9347 posts since 17/7/05

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.
deuce
deuce avatar

13830 posts since 21/1/08

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
collizhun
collizhun avatar

3880 posts since 19/10/06

12 Sep 2017 11:44
All mine are on private paper wallets. A paper wallet is essentially just your private key written down. You get a private key when you set up your private wallet. With that you can download the wallet software, enter your private key and your coins are there ready to move when you want them. If you lose the piece of paper the private key is written on though, you can't get your coins back. Sat in a wallet that no one can access as no one will know the private key.


Portfolio has taken a hit with all the Chinese news last couple of weeks Sad
Rirawin
Rirawin avatar

9347 posts since 17/7/05

posted 12 Sep 2017 11:59, edited 12 Sep 2017 11:59
For 69 euros it's a no brainer.

Benefit with the Ledger wallet is, if you lose it or it gets stolen, you can recover it.

http://support.ledgerwallet.com/knowledge_base/topics/what-happens-if-i-lose-my-ledger-wallet

But just make sure you don't lose your recovery sheet Laughing out loud
sofashionmuchamaze
sofashionmuchamaze avatar

786 posts since 12/12/13

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.
Seventyfour
Seventyfour avatar

8961 posts since 6/10/05

13 Sep 2017 04:00
Why the drop?
sofashionmuchamaze
sofashionmuchamaze avatar

786 posts since 12/12/13

13 Sep 2017 06:35
China news and maybe James Dimon being even more of an idiot than usual.