Bitcoin Forum
July 02, 2024, 07:21:54 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Exchanges / Re: Bitcoin and USD wallets on: August 20, 2017, 02:53:42 PM
Thanks for the recommendation. I'll check out CEX.io

2  Economy / Exchanges / Re: Bitcoin and USD wallets on: August 19, 2017, 08:06:50 PM
Thanks.

Does anyone else also have any other suggestions. i figure there is more solutions out there.

I'll continue to search.
3  Economy / Exchanges / Bitcoin and USD wallets on: August 19, 2017, 05:38:00 PM
Hi everyone. I'm new on here Smiley

I'm having a small problem that I'm hoping someone can help me with. i can't find the answer to my query anywhere online for the love of looking.

A few months ago I purchased half a bitcoin and joined the exchange Poloniex. I started doing a small amount of trading on the exchange. After much analysis and a learning curve, my trading activity is slowly paying off - after having made various loses in the beginning!  Tongue

After doing some trading on the exchange I find that the most secure option for me is to withdraw the funds from the exchange into my bitcoin wallet. My online wallet provider has a handy feature to exchange the bitcoins into USD for "safe" keeping while the markets heavily fluctuate. Therefor, to my way of thinking, if or when the bitcoin is to devalue during a period of wild volatility, I can buy more bitcoin at a later date at a cheaper rate- obviously increasing the amount of bitcoin I acquire.

I've noticed that upon exchanging the bitcoin in my wallet for USD in my USD wallet, I am charged exorbitant fees. I don't mind paying fees, however, the fees that my wallet provider charge me seem rather high.

So my query is this: -

What is the most secure way to store bitcoin during market depreciation and volatility? I realise that I can store my crypto on USB data drives etc for safe keeping, but this isn't my question.

What is the most economical way to go about doing the above?

Is there a way of exchanging or converting my bitcoin or other al currencies to USD on the exchange? I've seen USDT, but not sure how feasible that is at the moment. I need to study it more. AS it also fluctuates. I do understand the basics of tether, but their fees are also quite high from what I see...

I really appreciate the guidance.

I have contemplated storing my bitcoin in another alt cryto which isn't as volatile during bitcoin's moments of depreciation. However, this is a risky situation.











Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!