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Title: Getting money in and out of Crypto? Post by: jonanon on December 03, 2013, 09:48:07 AM Like many I hold some BTC and day trade when I have any free time. The issue I have found is actually getting money in and out?
If I make say $30 worth of BTC in one day and want to convert and get the money in a safe way I may be looking at receiving only $15 after fees to convert and withdrawal costs. There must be a better way? Title: Re: Getting money in and out of Crypto? Post by: niothor on December 03, 2013, 09:56:19 AM Like many I hold some BTC and day trade when I have any free time. The issue I have found is actually getting money in and out? Of course , cash every 30 days:).If I make say $30 worth of BTC in one day and want to convert and get the money in a safe way I may be looking at receiving only $15 after fees to convert and withdrawal costs. There must be a better way? Title: Re: Getting money in and out of Crypto? Post by: jonanon on December 03, 2013, 09:58:31 AM Like many I hold some BTC and day trade when I have any free time. The issue I have found is actually getting money in and out? Of course , cash every 30 days:).If I make say $30 worth of BTC in one day and want to convert and get the money in a safe way I may be looking at receiving only $15 after fees to convert and withdrawal costs. There must be a better way? True - I just don't feel confident leaving any amount of money worth having in the guard of the exchanges...... Title: Re: Getting money in and out of Crypto? Post by: niothor on December 03, 2013, 10:01:22 AM Like many I hold some BTC and day trade when I have any free time. The issue I have found is actually getting money in and out? Of course , cash every 30 days:).If I make say $30 worth of BTC in one day and want to convert and get the money in a safe way I may be looking at receiving only $15 after fees to convert and withdrawal costs. There must be a better way? True - I just don't feel confident leaving any amount of money worth having in the guard of the exchanges...... So you have "some" BTC there but you don't trust the exchange to hold an additional 500-1000 usd. Isn't that funny? Title: Re: Getting money in and out of Crypto? Post by: jonanon on December 03, 2013, 10:06:05 AM Like many I hold some BTC and day trade when I have any free time. The issue I have found is actually getting money in and out? Of course , cash every 30 days:).If I make say $30 worth of BTC in one day and want to convert and get the money in a safe way I may be looking at receiving only $15 after fees to convert and withdrawal costs. There must be a better way? True - I just don't feel confident leaving any amount of money worth having in the guard of the exchanges...... So you have "some" BTC there but you don't trust the exchange to hold an additional 500-1000 usd. Isn't that funny? Funny? I wouldn't say so. I hold about 0.15 BTC in an exchange and switch between LTC making on average 5% a time, a few times would give $30, again on average. If I loose $150, well never mind. $500 + starts to hurt especially when you've done a lot of trading to earn it. Title: Re: Getting money in and out of Crypto? Post by: jones31 on December 03, 2013, 11:15:05 AM Using 150 to make 30$ daily sound like pushing your luck.
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