Latest posts of: crytpohodl

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on: May 10, 2021, 02:40:30 PM

Curious on users' experience with Atomic Wallet. It looks like it has a variety of functions and somewhat easy to use. I've thought about using it for some storage, staking, etcetera. However, I do get a little sketched out when I read some reviews about coins "disappearing" and things like that but it seems to have a majority of positive reviews. Anyone care to share their experience with it? Thanks

on: April 29, 2021, 07:05:45 PM

Possible move to PR in the future. Need to start planning if it's actually worth it for me to move or not. However, I already have tax-free growth via Roth currently as stated previously. My question is to find the least expensive way to get tax-free growth right now while I'm in America.

on: April 29, 2021, 06:10:45 PM

Looking for tax-diversification. I have purchased most of my digital assets from exchanges but will be stuck with LTCGs whenever I decide to sell. Recently, I started purchasing OTC from trusts (i.e., Grayscale, etc) via Roth IRA. I am contributing in conventional funds (no cryptos available in my employers plan) to the Roth portion of my 401(k) specifically to rollover into my Roth IRA when available. My concern is that premiums are high for IRAs that are geared toward digital assets. They currently have a corner on the market until the SEC starts clearing cryptos/funds for public trading or legacy institutions (VG, Schwab, Fidelity, etc) start offering an alternative to drive the admin fees way down. Anyways, the lowest prices I can find so far are from noted as below. I hate to pay the premium but want that tax-free growth. https://itrustcapital.com/ https://www.retirewithchoice.com/ Anyone have experience with either of the above or know of a better alternative?

on: April 29, 2021, 05:39:12 PM

Yeah, it looks alright but I haven't invested in it yet. I'm US-based and it seems like a PITA to get access as well as a wallet that accepts it.

on: April 29, 2021, 04:06:24 PM

Any thoughts about Persistence protocol? Seems like an interesting project with a decent team. XPRT has been rising quite a bit lately. https://persistence.one/

on: April 16, 2020, 11:05:11 PM

Quote from: figmentofmyass on April 15, 2020, 09:01:50 PM Quote from: crytpohodl on April 15, 2020, 07:42:12 PM Thanks for the reply. I'm US-based, and depositing funds will essentially be nil cost for me, unless I understood that wrong. Primarily it'd be the maker/taker fees which would be high as I would be in the lowest tier. binance.us is gonna be your cheapest option across the board. $0 deposit/withdrawal fee for ACH transfers and 0.1% trading commission at the lowest tier. https://www.binance.us/en/fee/schedule kraken is next cheapest in terms of trading commissions at 0.16% maker fees, but you have to use fedwire to deposit/withdraw. usually that means incurring a wire fee from your bank + possibly a $5 fee on kraken's side depending which service you use. https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-options-fees-minimums-and-processing-times- coinbase pro has free ACH deposit but 0.5% commissions. Quote from: crytpohodl on April 15, 2020, 07:53:59 PM About Binance, you can buy bitcoins with a debit card only right? Forget it as well the fees usually suck when using a card. avoid cards. there are always big unnecessary fees. ACH bank transfer may take a couple days (requires a little planning) but it's free. Yeah, as far as I can tell, Binance would most likely be the cheapest and most efficient way for me to go about it. I may get some BNB to further reduce the fees. Anyways, thanks for your feedback.

on: April 15, 2020, 07:53:59 PM

[/quote] No, you can't transfer out the bitcoins from your eToro account, it uses CFDs (but even if they changed and own really the bitcoins you can't transfer them out still). And talking about the fees I suggest you be careful if you're not using USD, you may see a big difference. About Binance, you can buy bitcoins with a debit card only right? Forget it as well the fees usually suck when using a card. Simply use an exchange like Bitstamp, Kraken, and others. It's the most efficient method regarding the fees (you deposit with 0 fees, buy for ~0.15% and that's all) [/quote] The CFD I was initially unsure about. I know they now have eToroX, I guess it's their wallet. Yeah, hard pass on the CC route, too expensive. Just looking to streamline a process in which to buy/hod that is a reasonably priced way to do it. Thanks for your thoughts.

on: April 15, 2020, 07:42:12 PM

Quote from: bakasabo on April 15, 2020, 07:27:27 PM It is all about how much you want to buy and transfer. Just compare fees eToro fees (minimum 30$ and 5$ fee for withdrawal) Coinbase fee (lets take same 30$ as minimam - 1.99$ fee for withdrawal) Binance fee (minimum 0.001 BTC (about 6.7$ on April 15) and 0.0005 BTC withdrawal fee aka 3.35$) From my point of view - Coinbase is the cheapest way to withdraw. But all depends on the amount you wish to withdraw P.S. You will transfer usd or eur (dont know about other currency, because I used eur) first to coinbase and it will cost you 1 euro/usd to make a bitcoin purchase Thanks for the reply. I'm US-based, and depositing funds will essentially be nil cost for me, unless I understood that wrong. Primarily it'd be the maker/taker fees which would be high as I would be in the lowest tier.

on: April 15, 2020, 07:31:17 PM

Quote from: Charles-Tim on April 15, 2020, 07:15:59 PM But, I will advise you to use the wallet you want to use to hold for the purchase, look for any feature like PayPal or Credit card, most wallets now have Credit card means of payment, you can use it directly to purchase directly without the use of any exchange. But if you are doubing anonymity, you can make use of exchanges. Make sure you use a very secure wallet with strong reputation and security for the hodl. Hardware wallet is recommended but if you have just little amount to hold you can consider using electrum wallet for bitcoin. For multiple cryptocurrencies, you can try coinomi. Thanks for the reply. I currently have a Ledger and BC Vault. Yeah, I was sorta' wanting to avoid that route (CC), wanting to keep fees low. Anonymity is not my top concern, however. Just doing research and looking for others' input. Thanks again.

on: April 15, 2020, 06:56:32 PM

Complete novice here. I have accounts on Binance, eToro, and Coinbase(pro). I'm looking to cut costs and purchase coins cheaply. I'll be hodling, not trading. If I understand correctly(based on the above), eToro may be the cheapest way to buy some bitcoin. Is it possible to purchase on eToro and then immediately (once showing on eToro account) transfer to my personal wallet? Based on their site, I couldn't understand specifically if that is possible. Thanks in advance.

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