if this is for 2fa then yes, otherwise you can user other service which offer a private or public phone number, the former is much harder and can be costly, the latter is generally free

Let say one wants to trade bitcoin by buying low and selling high.  First off, this is good strategy right?

Yes. Since bitcoin prices fluctuate a lot, it can earn you a lot of profit if you buy BTC at $250 and sell it at $350. It earns you $100 profit right away.

To those ppl who trade bitcoin by buying low and selling high... how does one do this?  Do we need an account at an exchange?  Obviously using coinbase and circle wouldn't work right?

You need to have an account on the trading website like ecoin.eu or some other trading website.

What exchange does one need if they want to buy and sell bitcoin instantly?  Most importantly, how much are the fees per each transaction?

Trading website itself sends the profit to your wallet like OKPay/PM/PP. The fee varies from one exchange website to another.
How does one fund that account?  Through a bank wire or bank transfer ACH to the exchange?  So if one buys say 10 BTC at $350 each it cost $3500 plus how much in fees?  Then let say it goes up to $380.  Then you want to sell all 10 btc at $380 so $3800 total.  How much fees does one need to pay for that?  Thus you would profit $300 here but are the fees a lot?  Is the exchange like 1% each way so $35 to buy $3500 worth of btc and $38 to sell $3800 worth of btc so $73 in fees and thus $300-$73 so $223 profit?

Just like you fund your online wallets with bitcoins or any other wallet like PayPal. It also depends on what payment modes are accepted. Most exchange websites like ecoin.eu charge 1%-0.5% depending on your withdrawal option.

I like to know from someone who trades btc by buying low and selling high.  Basically wait for price to go up, then sell.  Then rinse and repeat.


Is there ever a time where its not worth doing it because the transaction fees override the profit?  I have to assume fees in an exchange can't be more than 2-3% per transaction?  But with an exchange, you get btc immediately correct?  And when you sell, you get the funds sent to your bitcoin exchange account immediately?  And is bitcoin exchange acct the right word for this?

Fees is as I mentioned above. It takes time to get the amount in your chosen to get your money in your wallet about 24 hours. It's not immediate. Most trading websites follow this method to avoid any fraudulent withdrawals. The fee is always less than the profit and no trading website charges such a high fee. They take a percent from the profit.



Hope my answers are helpful

Virwox has been known for having a high fee for a long time, and you should be aware of that before using its service. Apart from using it, you may try to find someone buying bitcoin for PP on https://bitcointalk.org/index.php?board=53.0 or on localbitcoins, but please check the person's trade history and avoid suspicious users.

Why would you want to  transfer it to paypal? Paypal is doing bad at the moment,most of the CPA,PPD etc campaigns have cancelled their mode of payment as paypal!You could transfer your bitcoins to your local wallet and then withdraw it directly to your bank wire accounts via some exchange and that service is free of cost.

Don't be worry about technical aspects of creating deposits or withdrawing. Unless you type wrong address somewhere there is no way that your bitcoins will be lost.
Well established casinos have usually great customer support and in case something will be unclear they will help you for sure.

Yes, directbet is very popular among the bit-coiners and you can go for it. I have won many bets through this site and I highly recommend this site for you as well. If you are worried about loosing the coins then start with the small bets and also you can place cross bets to recover the losses if any.

If Sixers upsets the Cavs then you will have a really nice amount of winnings if you bet on Moneyline for Philly since the team has a great odds. But that is low chance so much better to bet on another match if you want a good winnings.

In my view, point spread are not really recommended for the game of Cavs and Sixers since Cavs always do a really large margin against the team who is really a underdog

well, he is trying to suggest to you dont keep ur bitcoin on an exchange platform, there has been a case where the exchange lose over 100,000 of bitcoins and those customers till now cant get back their bitcoins. so imagine u have over 10 or even 100 of bitcoins in a bank and this bank closed down due to some fault and u cant get ur $ back. even government also cant do anything.

so suggestion to u is that keep it in an offline wallet in your harddisk and do all the coding and double coding etc so even if ur comp got hack, they still cant access to ur wallets cause there is like 3 to 4 layers of password.

IF you want to bet more on sport event, you need to know that there are couple interesting bitcoin Sports book available.

1.  Anonibet
2.  Nitrogensports
3.  Cloudbet
4.  Betcoinsports
5. Directbet

But here you have good idea of some of them:

If you are interesting to get suggestion about sports betting sites than i will suggest you directbet.eu without any doubt it is legit and trusted sportsbook and you don't need to have any account for place bets on sports event totally anonymous and secure.

1. Bitcoin gambling is not more or less 'legal' than any FIAT based service. You can gamble as much as you want. As long as it is in agreement with your local law.
2. If you chose right Bitcoin Casino there is no very little change that they will scam you or run away with your money. You see, it is more profitable to be reputable casino and earn in a long term.
3. I never heard of virvox.com - but if you keep your fund in online storage for long there is always a risk. Avoid doing that with large sum of money.