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Title: Do I have to wait for the synch to finish? Post by: PA992 on November 20, 2013, 06:57:48 PM Do I have to wait for the synch to finish before I can begin trading?
Also, can anyone recommend a trading website for anyone living in the United States? I've already found out that the options for purchasing Bitcoin on a few websites are not available in the U.S. and I would hate to run into similar trouble when I have to trade in my Bitcoins for cash. Title: Re: Do I have to wait for the synch to finish? Post by: thisdudedoesit on November 20, 2013, 07:10:11 PM Are you trying to buy bitcoins or day trade bitcoins (against other cryptocurrencies or fiat currencies)?
Btc-e.com is a great website for trading, but you can't buy bitcoins there from USD from the US. Title: Re: Do I have to wait for the synch to finish? Post by: PA992 on November 20, 2013, 08:43:39 PM Both.
(I already bought some bitcoins.) Title: Re: Do I have to wait for the synch to finish? Post by: DannyHamilton on November 20, 2013, 11:44:31 PM If you are trading, then there isn't much need for a wallet on your computer.
What are you planning on using that wallet for? Title: Re: Do I have to wait for the synch to finish? Post by: PA992 on November 21, 2013, 05:07:42 AM I plan to hold onto some as well as trade.
What's an exchange that offers low fee, low minimum withdrawals for U.S. customers? Title: Re: Do I have to wait for the synch to finish? Post by: PenAndPaper on November 21, 2013, 05:58:57 AM You may want to check coinbase.com as well. It looks cool for people in the US although there were a lot of posts complaining recently.
Title: Re: Do I have to wait for the synch to finish? Post by: DrG on November 21, 2013, 08:39:30 AM Coinbase is probably the easiest to use for US based bank accounts. I wouldn't keep more than a coin or 2 on their server for an extended period of time. It works more like a bank rather than an exchange. Once you buys coins there you can move them to a popular exchange like BTC-e
Title: Re: Do I have to wait for the synch to finish? Post by: MargaretsDream on November 21, 2013, 08:56:32 AM Do I have to wait for the synch to finish before I can begin trading? If you want send your coins from Bitcoin-qt, wait for sync to finish. It only takes time downloading whole blockchain once Title: Re: Do I have to wait for the synch to finish? Post by: beetcoin on November 21, 2013, 08:59:12 AM Do I have to wait for the synch to finish before I can begin trading? If you want send your coins from Bitcoin-qt, wait for sync to finish. It only takes time downloading whole blockchain once not quite true though. the blockchain is ever-updating. if you were to not turn on your computer for a year, it'd take some time to catch up. Title: Re: Do I have to wait for the synch to finish? Post by: john_es on November 21, 2013, 09:46:33 AM Where do you suggest moving BTC from coinbase to? Funny, I just posted about coinbase. They are terrible, speedwise. Their support is non-existent, and it took over 7 days to clear my transaction even though I used a direct bank transfer. In the end, I'm glad I used them because the transaction cleared, and at the time volatility was very low. I'd probably never use them in the current situation as they can always backout of a transaction if it suits them (ie hurts you).
Title: Re: Do I have to wait for the synch to finish? Post by: Sluis on November 21, 2013, 09:56:03 AM I downloaded the LTC wallet 2 days ago and you don't have to wait until the synch is over to get some coins.
The coins however will not be visible until the synch is over. Title: Re: Do I have to wait for the synch to finish? Post by: Kiki112 on November 21, 2013, 09:57:39 AM you can trade right away but you won't see that you received a payment until the sync is over
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