hi @Strawbabies you may don't notice but some us are posting the retweet links in our post application, it's usually what we do to keep the topic clean otherwise it ends with 300 posts for nothing and making hard to follow your updates if there is any |
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If Kraken has not resolved their problems this week i am going to move everything i have there for the next week. I wanted to wait two weeks to see how it goes but it's too long finally. this website is frustrating I have lost my patience. it won't be difficult to use other alternatives
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One of the big features of Bitcoin is that it is cheaper than paying with credit cards. Of course currently the Bitcoin fees are very high since it needs scaling so its only cheaper right now if you're buying a couple hundred dollars or more worth of stuff.
Anyways, businesses have hidden the credit card fees from consumers by pricing them in to products and eating the fees. With Bitcoin though, the sender pays the fee. Even if the fee is a lot lower than credit card fees, you're still spending more when using Bitcoin because the the sender pays the fee. This needs to change since businesses already price in fees. I've never bought anything with Bitcoin, so maybe this is already done by newegg and overstock, etc, but do you think retailers will subtract the fee paid from the price of the item when buying with Bitcoin? Do retailers do this now? If this doesn't happen, even if fees go way back down, this would be a terrible user experience if you have to pay a fee on top of the cost of a product when compared to paying with credit card where the fee included in that same sale price.
The fees from credits have never been hidden, it's something everyone is aware of, or at least they should be. You can't expect to go to the supermarket to buy tomatoes and see the price listed with the fees, VAT, origin, etc. Imagine: 3 kilo of tomatoes 5$ 5.10$ if you pay with a card 5.20$ if you pay with a cheque 5.05$ if you pay with a banknote it's to totally not doable. The fees to process a payment using a card is still far cheaper than the Bitcoin fees, it's just some cents usually. |
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It's just a way to spin the wheel. Using the advantages of crypto currencies and to mix with the disadvantages of the traditional banking system.
A bank can create their own coin it doesn't mean you will have the full control of your funds. One of the ideologies of cryptocurrencies is to be independent of the banks not to be centralized again.
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Cryptopia, as someone mentioned, doesn't have ID requirement ...but...as long you don't need to transfer out more than $5000 NSD (~$3500 USD) worth of crypto. But you can then become verified to increase this limit. There is no fiat involved in the site.
There are some complaints recently about Shapeshift so be careful using it.
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I would never put my entire saving in cryptocurrencies.
Let's be honest, it's true that the market is performing very well but you don't know what can happen, and you can't deny the risk to lose money (for whatever reason, I am not talking about to be hacked or something similar, it's something that you should take care with everything).
If you diversify your portfolio you minimize the risks of loss, diversity is a golden rule in investments. To be greedy often lead to the wrong decision, especially when you're young. Use a little wisdom, it will be more beneficial in your decisions
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Welcome @AmesFisher Bitcoin is the king and has the biggest community so far. You may don't know but there are surely companies providing solutions for businesses to help accepting multiple cryptocurrencies. What I mean is nothing is stopping you to accept only 1 cryptocurrency. To be honest I am not excepting to see bitcoin cash in an online shop. For me, to see Bitcoin and Ethereum are fine, but if I would need to choose I would prefer Bitcoin of course. Most business owners don't want to accept Bitcoin because of its volatility, but there are solutions for businesses to have their sales automatically converted to fiat (i.e. BitPay) so there is no fear anymore. Let's say I buy a 1 oz Gold Bar Credit Suisse for 0.10 BTC, I pay in Bitcoin but you, you will receive ~$1000 (I am fine with buying sovereigns for £275 to £300 but I will like to see a loyalty reward program lol ) Would anybody on here want to buy physical gold using their profits? Yes, definitely |
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I believe Coinbase to be a legit USA cryptocurreny wallet, which is why I like it the best.
However, the problem I have with it, I can only deposit $250 per week for the next month. And, I can't use a credit card or debit card for a month? Why coinbase, why???
Does anybody recommend a legit USA cryptocurency wallet that I can deposit much larger amounts and quicker than Coinbase but offer the security that it represents???
Thanks
You can use an exchange: deposit money, buy your bitcoins and move them to your loved wallet. You can deposit up to $2,000 daily or 10,000 monthly with Kraken, without asking you to upload your id card, proof of address, etc. You still need to give your name, phone, birth date, of course. Another one is Bitstamp, but if you want to buy from a web-based wallet there is Xapo that can do this if I am not wrong |
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The website idea is cool
If I may suggest just 2-3 things:
- The content should be more centered. when you think about it
- The table (or whatever is used) should be bigger. I mean, for example, name; description icons should be bigger, especially when you have enough place
- I find this totally ridiculous that my twitter profile is not listed and that I need to add it (ok just joking of course)
I find the categories very useful to sort out the pertinent results a user needs. and bookmarking the url to replace the chaos in my bookmarks.
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Not sure but check Cryptowatch.ch website and perhaps Tradingview. Cryptowatch has a lot of data that can be displayed, the site is ugly with its dark theme lol but you can get a lot of info, everything on the homepage is clickable. I told you because me I discovered this after a month
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If bitcoin supply reaches 21 million, what about bitcoin miner? will they stop to mine bitcoin? or will they still do so?
How that comes you are using this forum for over 2 years but don't know the basics? Are you blind enough to not see that the answer to your question has already be answered in the second post on this topic? "user password changed recently" oh yes we can easily guess what's going on. |
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This cloudfare page load from time to time when you are quoting someone. I think it is caused by a character or a combination so the Cloudfare system is seeing this as a potential threat. As soon you remove the quote you can post normally. It happens often with forums using Cloudfare service. It can be fixed still but have no idea how.
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Even if I use the euro currency for selling, it does not really affect me psychologically. I usually use the dollar while I talk about Bitcoin or even when I read the news and I think it's the same for the majority of people The tax situation is much friendlier than the US in most EU states, there are more Europeans, though of course USD is more global, and they're cleverer and more attractive than Americans too.
Yeah, Europeans taxes are so friendly. That's why all the international firms are moving manufactories in poor countries and moving the headquarters in countries with rude taxes like Panama, Belize and Luxembourg. And all this after the countries helped them by giving millions of euros in exchange to stay in the country and create jobs. Now they took the millions and go out of Europe. I'm the same, my bank account is in Euro, but I look at the price in USD. I find that the price in Euro is often less accurate than the USD price. When I trade I trade on Bitcoin.de, but the price is all over the place there. The German system for tax is great, hold for one year and it's tax-free. For those of us who bought in 2014, that is a double bonus (the massive price rise being the other)AH! Not long ago, while we were in a slack channel, we were talking about the taxes related to Bitcoin. Most of the people were in to debate how it can be good to make a (what I find to be a silly) system à la Paradise Paper. One of them mentioned your country since we are a neighbor, now I understand better. Here we have to pay taxes no matter if you own the bitcoins since years, even from mining we have to pay. Generally speaking, I think I am fine with paying the taxes and more taxes I pay more I am happy because it means I earn more money |
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It's not going to do anything. The only thing is people will look more to use the anonymous altcoins and so good luck to them with that. What will they do then? Oh wait; it may be a good news since the anon coins value will rise at a good level. Good luck to them trying to watch people using anon coins.
They are focusing their resources on the wrong side...literally...
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Even if I use the euro currency for selling, it does not really affect me psychologically. I usually use the dollar while I talk about Bitcoin or even when I read the news and I think it's the same for the majority of people The tax situation is much friendlier than the US in most EU states, there are more Europeans, though of course USD is more global, and they're cleverer and more attractive than Americans too.
Yeah, europeans taxes are so friendly. That's why all the international firms are moving manufactories in poor countries and moving the headquarters in countries with rude taxes like Panama, Belize and Luxembourg. And all this after the countries helped them by giving millions of euros in exchange to stay in the country and create jobs. Now they took the millions and go out of Europe. |
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Theoretically by 2140, the 21 million bitcoins will be mined. And if you wonder about miners and mining, we will still need them. They will be paid with the transaction fees but not for the newly created bitcoins (as all of them are mined). Hope that help.
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Any open source wallet will allow you set your own fees, so there is no cheapest. You can pay 0% if you wish, it is just that the miners will likely never confirm it and as a result other Bitcoin nodes won't even relay your transaction if it is bellow certain amount.
Electrum is a popular light weight open source wallet and Bitcoin Core is a backbone of the entire network which stores, validates and replays all transaction on the network.
I think the OP did not express himself clearly. He does not talk about the transaction fees for sending bitcoins but those related to trading (buying/selling) @gtinvest it doesn't matter if you trade small or big amount because the fees are (usually) based on a percentage, as mentioned by OmegaStarScream. On average the fees are more or less the same, about 0.25% |
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Wagecan and Bitpay are maybe the only one able to provide bitcoin debit card for people outside Europe. Better I tell you before that the Wagecan card (only the gold card is available for outside Europe citizens) is not cheap
Another option that you can take a look at is Viabuy.com, they provide a Mastercard and a dedicated Iban. According to their FAQ, they have a Bitcoin option with Bitpay.
Edit: sorry I checked and Bitpay is available only for European citizens and the USA
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There isn't any wallet accepting deposits from Paypal and if you find one it will be suspicious.
Exchanges currencies (not only cryptos) is a prohibited activity in the user agreement. So you risk having your account suspended for illegal activity and you can be sure that the website hasn't a business account approved by PayPal.
The company is fighting hard to avoid money laundering, to abide by the laws related to money laundering, fraudulent transactions, etc, so you can be sure it won't start to accept this anytime soon as long there are not more regulations/regulated companies (i.e. coinbase)
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I also tried MyEtherWallet
MyEtherWallet isn't a Bitcoin wallet. blockchain . info is a good one. Well done for not thinking about Android. Love Android, but hey, friends separate, money separate.
No private keys=no bitcoins. Personally, I created a wallet sometime back to see how it looks and I don't find it so user-friendly and a bit confusing. (but that's just a personal opinion) You need to tell your friend to wise up if he want's to use a online wallet. A lot of the online wallets won't allow you to know your private key so if the website ever goes down through DDOS or other attacks then you won't be able to access your Bitcoin.
Nope, no online wallet is 'safe', if you do not hold the private keys - you do not control or own the coin.
Also, I lost an account on blockchain.info, no longer there but the BTC still shows.. another story there..
Bitwala gives you the private keys, in fact, they don't store any keys, for security reasons. So if you lose your keys it's gone because they won't be able to help you with this. |
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