Bitcoin Forum

Hello,
I have been trying to figure out if I can send USD from my web hosted wallet, to an exchange. The option listed says 'transfer to a cryptocurrency address', but it kind of seems like its for transferring BTC not USD, and I'm concerned the USD might dissapear if I sent it somewhere it cant go.
Thanks! I'm new here, please let me know if I posted in the wrong place.
Brock

From what web wallet to what exchange ?

What do you exactly mean by saying "transfering usd from web wallet to exchange"? Where do you have these USD? Do you mean online bank account, or online payment proccessor like Paypal, Payza and etc? If you need to transfer USD to exchange, you have to check available deposit methods on that exchange, choose deposit method that is avaiable to you and then deposit your USD by following given instructions.

If it's a dollar, you should not be able to refer directly to the exchange, you need to buy bitcoin in dollars and then transfer it to the exchange.

If it's dollar to dollar then it will go through but if the exchange has no dollar wallet then you first have to convert your dollar to cryptocurrency first and choose the cryptocurrency wallet that you choose before you can send .

In all honesty, if you're going to be transferring crypto from a wallet to an exchange I would try to convert from Bitcoin to Eth (or any coin with a low TX fee first, and something which is fast confirmation) and then having that sent to an exchange. You could use many services for it, some of these could be ShapeShift or Changelly

Both of these are good and reputable services.

Goodluck with trading!

I put a little USD in my Uphold wallet, and want to send it to GDAX/coinbase wallet, to trade with it.

Do most people just keep their preferred exchanges stocked with USD directly from their bank?

I'm still working out an operational flow for where to be routing USD and BTC to be able to trade when needed, but plan store USD and BTC/altcoin in a web hosted or hardware wallet if possible.

Thanks for the suggestion squatz

I'm still just playing around and testing things, so that when I am more ready to trade, I'll know what I am doing. Any helpful advice would be great!

you better get USD in criptocurrency and you can transfer using cripto fellow to make you safer, I think it's better.

SUDARMONO:

So do you suggest depositing USD from bank, to an exchange, so when the price is right I can buy it? Or does Uphold allow purchasing BTC/altcoin at the current market value?

you only send number of bitcoins, your wallet give you exchange to USD to know how many bitcoins will send.

you will receive number of bitcoins which may increase and decease with dollar.

So, I can not send USD from Uphold wallet to GDAX wallet?
The only thing I can do with USD deposited in Uphold, is buy BTC/altcoin at the current market value, through Uphold?

When i used VISA with Coinbase they skimmed 3.99% of the top and they own GDAX i think
and getting money out and back to my bank was not only slow but cost a lot because GBP
held by CB uses SEPA so it gets converted to Euro's and then back to GBP on the other end
and you loose out on conversion fees each time and that's on top of CB fees.

Buy/Sell costs about 8% and they don't really get the best price on BTC so really it's
over 10% which is not nice if the market is against you using Coinbase so if you can get
what you want at say 2% using GDAX then it sounds good to me.

So you are using uphold right? You need to exchange those USD to bitcoin.. You can not send USD or USDT to a bitcoin wallet, it makes no sense.
Try to inform yourself a little bit better instead of creating this kind of useless posts.

Do you keep fiat currency deposited in an exchange wallet, in order to buy bit/altcoin using that exchange?

If I use Uphold wallet to buy BTC, it is usually higher priced than on exchanges, and I can not use a limit order. Is there a good reason to buy direct from a wallet, rather than an exchange?