Keep your fiat at hand in order to buy new bitcoin

[Gouverne]

Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !

[Maskedman]

I never bought bitcoins using a bank wire, so I can not tell you. However I never waited to buy when it is the right time because for me anything under 5000$ is the right time, so as soon as I have free fiat, I buy.

[Amph]

i don't buy bitcoin i like to mien them via altcoin, but my sepa usually is done in on 8 hours, if i send in the morning or the next day if i send after 10:00 am

which is pretty fast, therefore i don't feel the need to have money on the exchange ready for trading

[slackcryptoz]

I never bought bitcoins using a bank wire, so I can not tell you. However I never waited to buy when it is the right time because for me anything under 5000$ is the right time, so as soon as I have free fiat, I buy.

Agreed, as mentioned anything under $5000 is truly a good price to buy. Because the early adopters got it in a very simple price and later we too got the chance of buying at an affordable price. The upcoming generation middle class people may afford a portion or a small part of bitcoin.

[easynote]

I never bought bitcoins using a bank wire, so I can not tell you. However I never waited to buy when it is the right time because for me anything under 5000$ is the right time, so as soon as I have free fiat, I buy.

Agreed, as mentioned anything under $5000 is truly a good price to buy. Because the early adopters got it in a very simple price and later we too got the chance of buying at an affordable price. The upcoming generation middle class people may afford a portion or a small part of bitcoin.

I feel that the message from the OP was aimed to the people that are day trading because I have a feeling that he knows that the price of Bitcoin going to be much more expensive in the near future.

I would want to make some money through Bitcoin so I am just going to store it.

[bitcoinisbest]

Well bitcoin is going through the roller coaster ride currently. Its gores upswing  for few days and falls back. So would not suggest to buy at the current levels. Might be from here it will require some major push to move forward. So one can save the fiat to buy at the later stage if price dips more below 2000$.

[Gouverne]

Yes but here is the problem... When it goes below 2000 $ I want to be ready to buy it. The problem is I don't trust an exchange platform to keep my fiat currency...

[stompix]

First thing would be to change your bank.
Never experienced more than 24h delays unless it was weekend.

And yeah, having your funds sitting on an exchange is asking for them to be taken.
Look at it like trading.
It's only a small possibility that it will all go to 0 but the possibility exists.

[jovs]

I never bought bitcoins using a bank wire, so I can not tell you. However I never waited to buy when it is the right time because for me anything under 5000$ is the right time, so as soon as I have free fiat, I buy.

Agreed, as mentioned anything under $5000 is truly a good price to buy. Because the early adopters got it in a very simple price and later we too got the chance of buying at an affordable price. The upcoming generation middle class people may afford a portion or a small part of bitcoin.

I also agreed due to the fact the Bitcoin price always changes and its quite need Monitoring for you to earn more or not to lose big in your investment through Bitcoin. If you are going to buy Bitcoin using fiat make sure to always consider the price or the value of both bitcoin and fiat because this is the key for you to make a good start on Bitcoin investment and trading. You could also try making partial steps on buying so when you hit your target price you could buy again.

[FasTroy]

Really in my case it's too rare to buy bitcoin, Usually i tried to earn them by working in the internet or giving some services, gambling or trading etc...
I remember that just one time i use my Neteller account to buy some bitcoin with my xapo account, Because Xapo allow to buy btc using neteller account. This is my strategie to earn btc.

[btctousd81]

i am also in the same boat, i am from india., and wire transfer takes 2-3 days to exchange and bitcoin rates wont stay same for 2-3 days., so i found localbitcoins for instant buying bitcoins, but there prices are way much higher than of exchanges like bitstamp and btc-e.
and keeping money at exchange is not safe.

[Mike Mayor]

I use localbitcoins and bwni to bank transfer with a trader using the same bank. It is instant. No seriously it's instant. It's amazing for a Bank. I just wait for the bitcoins to go through and done. So I can buy bitcoins or sell them on the fly within 30 minutes and sometimes as low as 5

[bouren]

Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !

In my country, exchange provides option to load money on platform using Net Banking so I instantly upload money when in need to bitcoins. It is 1 minute process to buy bitcoin using bank money in India.

[bitbunnny]

First, I always prefere earning bitcoins instead of buying but if I have to do that my choice is localbitcoins. I have experiences of the fastest and most convenient buying of Bitcoins that way. Options that include deposits and transfers I don't prefere because sometimes this can take time, meanwhile the price can change and then you have a problem.

[Yakamoto]

Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !

All I do is sell high and try to buy the dip, and if I am able to keep fiat in an exchange for an extended period of time then I will keep my fiat in there until the time is right. Most of the time that comes from selling BTC I earned from various jobs I do for it, and then waiting. I could have way better profits if I decided to dump fiat into Bitcion and play the market that way, but I feel like there is less at risk if I only trade what I worked for.

[Gameroid]

Well bitcoin is going through the roller coaster ride currently. Its gores upswing  for few days and falls back. So would not suggest to buy at the current levels. Might be from here it will require some major push to move forward. So one can save the fiat to buy at the later stage if price dips more below 2000$.

although no one know about the price of bitcoin either it will go high are low. but if we study the market may be some people are spreding some wrong news about bitcoin which is creating problems and compelling people to start panic selling, but i am sure that they wll not be succeeded, because people are now became mature and they are in fact giving good support to bitcon and therefore its price is not dropping any moer.

[squatz1]

You could use Coinbase or something along those lines which allows you to have a USD wallet, that pretty much gives you the ability to buy in and out of Bitcoin at any moment without having to wait for a bank transfer or something like that. It's always nice to have that there, I think other exchanges allow it as well such as BTC-E and there are probably more of these, it'll just take some digging on your part.

It's not too hard, you just have to find a reliable exchange as well which is going to not just go down in an instant.

I use localbitcoins and bwni to bank transfer with a trader using the same bank. It is instant. No seriously it's instant. It's amazing for a Bank. I just wait for the bitcoins to go through and done. So I can buy bitcoins or sell them on the fly within 30 minutes and sometimes as low as 5

LBC is going to help you have the money be in instantly, this person wan't to buy on the actual instant without fees.

[dothebeats]

I don't really use banks to buy bitcoin. I have my local exchange here that accepts walk in deposits to get your bitcoins at a slightly higher rate than the market. Whenever I receive my salary, I immediately remove 60% of it and go directly to my exchange and buy. Anything below $3000 is still a good buy. Been trying to say that to myself since I started to buy in 2014 and build up my coins slowly.

[n691309]

Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !

Maybe you are trying to make a SEPA transfer on Saturday? That's could be the reason why it takes 2 days because it takes less than a business day but "if you don't deliver before 10 o'clock, it will be taken in the next run on day + 1" I don't buy bitcoins in the exchange too, too much verification and too much stress until this happens.

[eaLiTy]

Yes but here is the problem... When it goes below 2000 $ I want to be ready to buy it. The problem is I don't trust an exchange platform to keep my fiat currency...

If you want to jump into bitcoin when the price goes down then keeping you money in exchanges is the only option,i am not sure whether these exchanges opt for neteller or other similar services as i am not used to deposit fiat like that in the exchanges i am using,if not keeping money in exchanges is the only option and make sure you enable 2 fa.