Hello sorry I heard that Binance has no fee, so there is no fee to pay opening a position?
Let's say I wanna trade BTC/USD or BTC/Ripple... I exange them (buy or sell)... well do I have to pay any fee for this on Binance or not?
Binance does have a fee and as Yuuto said it is 0.1% as listed on their website. They had no fees for a while but changed their fee structure last month(check here for their announcement: https://binance.zendesk.com/hc/en-us/articles/115001258291-Binance-Will-Charge-Trading-Fees-From-August-25) So yes, if you were buying XRP using bitcoin on binance then expect to pay a trading fee, although not a big one at all. Though since binance is located/based in china, i would not use them for large exchanges but rather go to bittrex because of the ongoing speculation on government regulation.
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Yobit is consistently one of the worst exchanges out there for anyone to use. Even though they are legit in the sense that they are still active and haven't actually scammed anyone for big amounts, they should still be labelled as scammers for their sheer lack of customer support and the often delayed deposits & withdrawals. And yes, they are still listing new altcoins but not processing old withdrawals. It's that crazy.
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BTC-E came back online a few days ago as WEX (I'm just in from camping so been out of the loop)
What do I do with bitcoin cash? I didn't follow the fork after btc-e closed at all and now my btc was split...
Anyone else hodling the wex tokens?
You can do whatever with your BCH coins. It's entirely up to you. For the tokens, people seem to be dumping them right now and there isn't a whole lot of interest because their entire roadmap isn't clear to the public. I personally have sold them off simply because i had a very small amount and i didn't mind getting the cash instead of having to wait an indefinite amount of time. If you have a sizeable amount maybe dump 50% and hold 50%. After all they were legit enough to pull through all of this crap and return funds to user.
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what the hell is this? sounds super scammy?!
It is a scam. The real WEX site will not charge you anything for registering or to trade. They will definitely NOT email you with an address to send money to either, the real WEX would not do that. Any legit exchange will not do this. Don't send anything to that address. why does btc always trade at ~$400 higher on this exchange?
I have no idea, honestly. It's probably got something to do with their deposit and withdrawal process but i'm not sure what is the exact thing that is causing the price being so high compared to other exchanges though. BTC-e used to have cheaper rates than all other exchanges.
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Unless you have free or close to free electricity, have the equipment to do it, you don't mind your computer overheating all the time and possibly shortening your CPU's lifespan with close to no reward then sure, go ahead and do it.
Trust me, in the end you won't even make enough to cover transaction fees for a single bitcoin transaction.
Not worth it at all and i would assume that freebitco.in takes some commission as well. If you had the right equipment, free electricity, and a whole farm of computers then i think joining a pool with no fees or little fees would make the most sense.
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thanks and sorry for being slow but can you clarify
"Bid is people giving you fiat for your btc. Ask is people selling btc for fiat"
"When you click buy, you are essentially placing an order on the bid side of the book"
when I click buy I place an order in the bid side of the book i.e. I want to buy btc
when I click sell I place an order in the ask side of the book i.e. I want to sell btc
when trading futures if I want to buy something I get the ask price, sell I get the bid price. Is this different or have I misunderstood?
Sorry i didn't really get what you meant here. But i'll try to explain: If you want to buy a coin instantaneously, without any sort of wait then you have to pay the lowest ask price. If you want to sell that coin instantaneously then you have to sell to the highest bid price. Often by placing an order above the lowest ask or below the highest bid allows you to speculate on the price of a coin with more ease and control, and opens up more possibilities for money-making as well.
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I am guessing they recognize they lost the war! In the last week, Bloomberg negative coverage for bitcoin was obvious, but in the last 72 hours, multiple positive articles, and news been released.
It's weird how they change positions so quickly. Really makes me wonder whether or not they have any vested interest in bitcoin, and switching from negative news from one day to completely positive coverage talking about the rally and how the previous negative news were wrong the next. We've seen this countless times with news outlets, public figures and politicians - their words seem to affect bitcoin's image and price so much. But people don't realize that in the end, they have no influence over the bitcoin network apart from limiting its environment and surrounding factors. They can't rule over the network, because it is decentralized. So don't believe the FUD, and don't fall into the hype either. Make your decisions rationally yourself. Bitcoin isn't a fraud just cause some guy says it, nor is it going to go to 1 million dollars overnight if someone says that either.
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today's bitcoin prices have started up again about $ 3850, what would you do with this?
And it's going up even more as we speak. Currently at $3950, we have actually touched $4000 briefly before a small correction pushing the price down a bit from the high that we've seen today. Price should stabilize at the current point for a while before making any moves. I would say that next target should be around $4300, and should be fairly easy to achieve. Then it could shoot up to $4800-5200 by the end of month if everything goes right.
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No matter what China has started to take bitcoin regulation very seriously compared to before where there were absolutely no regulations, so it would come as no surprise to me if this turned out to be true. However, even if they decide to crack down on BTC trading they wouldn't have the means to simply monitor every p2p transaction that everyone does. There is no way for them to "ban" bitcoin. All they can do is ban centralized bitcoin exchanges, they cannot ban p2p exchanges at all. It's not wise to fall for FUD like this.
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Hello,
I would like to ask if the Bitcoin is going to a new higher high now or it will go down again and make another low before going up. Based on my analysis btc price will reach up to 5000 USD or more. i need your insights. thank you
This could be a "fake bull run" aka bull trap but currently i don't think it is one. People panic dumped so much that there had to be an adjustment upwards in price anyways after the FUD cleared, so it is really a deserved price level for bitcoin to be at right now. Whether it reaches $5000 per coin though it's debatable. Personally i think it is possible but quite hard. We've got resistance at $4k and as we've seen, quite strong resistance at $5k as well. To break that, we need the hard fork to go well and some positive news from China at last.
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I am actually worried at the rate bitcoin is dropping and I think it might reach $2K so I want to know if my suggestion is right.
Not really. The panic dump was triggered from a lot of FUD that was happening in China, and most of that was irrational. Even though yes, a few days ago we've seen some bearish markets but now the trend has turned bullish once again. I'd say that $2k is still possible for this year but most likely if we were ever going to go down to $2k it's going to be next year. And there must be some big news to initiate the sell-off. The support is strong at $3k so it won't be easy to break $2k.
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I just read all of the replies i know it is really late but i was busy with the nexechange thing and forgot to keep track about this. From what i read till now i see a mix of opinions about poloniex honestly but most of them are against it looks lime all of you have faced pretty much too many issues with the support system i always got my replies in hours but might be different for you. I couldn't find the answer i was looking it looked like most of you just read the topic and spammed as usual. Many said they switched to bittrex and that actually can be seen with trading volume of bittrex gone way more than poloniex only time will tell who will last longer. Anyways, BCH had virtually no acceptance back in 14th August and was very illiquid. Even if a smaller exchange than poloniex listed BCH back then it would have made a difference on price. You might be the only one who took the initiative to read my topic about this i checked you but there was no other exchange other than polo who had listed bch at that point. There is a reason why people are so against poloniex. It's because that people are frustrating that their support isn't doing anything to help them out, and especially with big traders they can't even withdraw their balances in full at one time because of the $2000 limit. They can't verify their account because it takes ages for them to actually approve it. If you like poloniex and you haven't had any issues with their support then go for it, but do it at your own risk. They are a very shady company. But they are DEFINITELY not the best anymore.
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On the Bitstamp platform, if I click buy, does my "buy" request go on the order book waiting for someone to "sell"? or do you I need a special account to enter orders in the order book?
As long as you are executing limit orders you should be able to place orders on the order book. On bitstamp, there is bid/ask. Bid is people giving you fiat for your btc. Ask is people selling btc for fiat. When you click buy, you are essentially placing an order on the bid side of the book/or filling someone else's order if the price is right. Vice versa with sell. There is really no difference between setting a price at the highest ask and setting a price below the highest ask price. In both cases you are directly dealing with the orderbook. Purely preferential as you may get better rates if you choose to wait a bit. There is no special account to do this whatsoever.
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hey guys need about 4-5k worth of btc.
i can offer my 23 eth as collateral.
i will pay you back in nominal dollars because of the insane swings of btc, so if btc goes up to 5k i dont want to be stuck paying 1 btc when i only borrowed 0.75 that would be a 1200 interest at the 3800 price today. so we peg fiat currency to the rate of btc you are lending me today and use that as a reference.
i will need 30 days to repay back, let me know what interest rates seem fair
I'd be able to fill this but i'd need to convert my fiat into bitcoin which wouldn't be worth a hassle and fees for just a few hundred dollars profit. The spreads incurred are probably going to result in more than that. If you want to do like a bigger loan timeframe then i'd be willing to negotiate with you. And yeah, interest rates are high here because of the fact that altcoins are volatile and even if you hold altcoins as collateral you may end up losing money.
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We have run out of chips again. New chips are being prepared. We need to find a better solution.
Our current ideas are: a - kind-of traffic light that will show when chip level is too low - green ok, yellow under 50 BTC, red under 10 BTC b - massive chip pool increase - that would require to open up for investing and that would require to set flat fee instead of donations
What do you think about both ideas?
I would reckon these options really do not conflict each other and i would like to see both being implemented. Investments could be a good idea, but i think if there could be an automatic chip refill mechanism in place that would be even better. An indicator of how many btc is left in the mixer would be nice as well, and as i said, if both A and B can be implemented simultaneously then it's the best route to go. But something has to be done as we've seen quite severe chip "droughts" over the past few weeks already. There are problems with revealing how much bitcoin are left in reserves imo, because it makes it somewhat easier for people to discover the chips that chipmixer store their funds in and potentially track them. That way, privacy of mixing is reduced, probably not by much at all but there is a small possibility that this would be detrimental to the user's privacy. Anyways, i'd go with only b. The automatic refill idea seems interesting as well.
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I have my flat withdraw in CEX.IO for more then 10 days now, still pending and support server do not reply me anymore,so worried now https://ibb.co/fLag15A lot of complaints recently and actually at least one scam accusation against them as well. This means that it is extremely likely that they are having significant liquidity issues that are affecting their ability to process withdrawals on time, and/or a shortage of customer support staff to man the stations. I would say that at best, they are a shady operation currently. 20000 USD is a lot of money ,is there anything I can do about it?I am locate in U.S. or am I just gonna sir and pray for my money will come.... Honestly i don't know what else you can do right now, other than just keep trying to reach them via support. I heard of some other guy on the forum having the same issue, and even though it is unresolved the support at least got back to him(which is better than nothing, at least) and said that they will work to resolve the issue. Can't find the thread though. If they don't respond in few weeks then if you have some friend in the UK, tell them to visit these addresses listed on their site: Correspondence address: 2nd Floor, 1-5 Clerkenwell Road, London, EC1M 5PA, United Kingdom
Local office address: Level39, One Canada Square, London, E14 5AB, United Kingdom Or you could contact the UK financial ombudsman: http://www.financial-ombudsman.org.uk/
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Simply because the lack of Chinese bag holders to buy and hold our bags.
every day 2k of bitcoin created, who is going to buy them? huge amount of bitcoins gonna be sold by Chinese, no one can buy them and hold the price above $2k, in fact, not even $1k.
2k bitcoins is nothing when you compare it to the daily trading volume. It can easily be absorbed by western investors. Chinese people aren't the only ones in the cryptocurrency investing scene. But yeah, i think right now could be a bear trap. I feel like price belongs to less than $3000, especially after so much tension in the regulatory side of this. The price may go up to $4k+ again, though i think it'll eventually adjust down to its rightful value at around $2500-3500. I wouldn't call this a flash crash though, it'll be done in stages.
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I went to my nearby Wal-mart to purchase Bitcoins and nobody recognized what I was talking about.however, bitinstant.com records them as an area that I can store at to get Bitcoins. I conversed with three separate individuals there at the administration work area and all I got back was "what?" Can anybody help me?
thanks
I couldn't find anythnig relating to walmart in the bitinstant site, so not sure if you misread or something. Anyways no. Walmart does not sell bitcoin directly. However you can always buy walmart gift cards in the US with cash and then later on turn those gift card codes into bitcoin by selling them on paxful/localbitcoins. Though the rates you get is much worse than if you just bought from an exchange, or even trade p2p with cash. Again, walmart as a service does not support bitcoin/sell it.
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I've heard a lot bad experiences of Bittrex & Poloniex, is there a reliable platform recommend from your own experience?
Bittrex and poloniex don't even deal with USD. They do use USDT but then you have to convert your Tether into USD by either getting verified on the actual tether.to website or use an independent third party exchanger. I don't think this is what you want. I would recommend either use Gemini, Bitstamp, or coinbase if you are looking for simplicity. However just keep in mind that coinbase is currently having some support issues, would not recommend you use them just yet.
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I have my flat withdraw in CEX.IO for more then 10 days now, still pending and support server do not reply me anymore,so worried now https://ibb.co/fLag15A lot of complaints recently and actually at least one scam accusation against them as well. This means that it is extremely likely that they are having significant liquidity issues that are affecting their ability to process withdrawals on time, and/or a shortage of customer support staff to man the stations. I would say that at best, they are a shady operation currently.
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