Keep your fiat at hand in order to buy new bitcoin

[nominee]

I seperate $400 from my monthly salary to save more bitcoin. In other words, I spend fiat monet to purchase more bitcoin every month.

[JL421]

That's surely a problem but you can surely have a idea with thw curremt price of bitcoin that the price won't change much and you can make a transfer. Or if you have a price in mind just make a transfer prior to that and when that particular price is there buy it. Local bitcoin can also be helpful but unfortunately in my country the fees is as highas 25%

[Coffee_Lord]

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 !

Loading... Please wait. 

[Barbarian]

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 !

Unless you are planning to buy big amount of bitcoin then you don’t need to buy in an exchange, just hold cash and buy in local bitcoins, you will get your coins immediately and then the only thing you need to do is to send them to your exchange.

[dissident]

I hold 5 figure amounts of Fiat on both GDAX and Gemini. I'm not concerned.

[The Sceptical Chymist]

Don't keep fiat or even crypto on any exchange for extended periods of time.  We all know what happened with Gox and Cryptsy.  That's one thing.  Now as far as having fiat on hand:  Warren Buffett is a great example of why it's important not to be overinvested.  He waits for prices to drop into the shitter before he buys, and because he is patient he has the cash to buy in big.  We all might be buying at the top of the market--we're so close to the ATH, so who knows, right?  Holding cash for the right price is a very smart idea.  He says it's like baseball, except you can wait for the perfect pitch before you swing.

[magneto]

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 !

I suggest that you keep some USDT coins at hand just in caes you want to trade some for bitcoin for cheap.

However, keep the majority in your bank account because USDT's value depends solely on whether the company is paying out withdrawals or not. If bitfinex has another hack(bitfinex is the parent company of usdt, pretty sure), then your funds are going to be in danger. Though the advantages of having usdt instead of fiat in your bank is that you'll be able to get almost instant deposits onto exchanges.

Another way is just storing it on an exchange, as you said, but imo that's even riskier than USDT.

[btcney]

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 !

Where do you live?

If you do interbank transfers anywehre in the world generally it is going to take around 2 days to be able to get the funds cleared to another account. Though the standard time right now for same banks should be immediate.

If you just want to buy bitcoin quickly when the price is low, then i suggest keep your fiat in your bank. No need to get USDT, just go onto localbitcoins.com, select your country, and select cash deposit/national bank transfer. Cash deposits reflect instantaneously and so should same-bank transfers, therefore the release time from ecsrow should be less than 1 hour, much better than exchanges.

[crairezx20]

Keeping your fiat in any exchange site is not a safe idea for me better to find an exchange site legitimate that can instantly buy bitcoins without keeping your money in exchange site.. like here in my country we can buy bitcoins instantly without worrying that the site is scammer..
I am buying bitcoin once the price of bitcoin is low like this time if the price will down more i will buy bitcoin with my partial of my job salaries.. but for now the price is not too low i will still keep waiting hope that the price can be decrease more before i buy.. if not maybe i will wait for the next down fall..

[NathanJB]

I would suggest not to keep your fiat doing nothing in your chosen trading platform. Buy BTC now, the price is quite low. And even if it is high right now the prediction this 2017 is very bright. There is actually no other way the year ends but with a high BTC price. For sure it will go beyond $3,000 per bitcoin.

[Reid]

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...

Well you dont have a choice but to buy it already if you are doubting one exchange. And since you have a problem with your SEPA.
Waiting for it to go back below $2000 will take a lot of time and what if it goes up?
You better decide already and buy that bitcoin at the right time.
Who knows? What if now is the right time?

[Bagaji]

The right time! I believe to buy any crypto currency at a lower price than the current market value particularly bitcoin is anything from five days to 1st August for the price may likely decrease as a result panic of what the outcome of 1st August. Although this is my personal opinion which may not likely happen as protected.

[GoodLuck2]

I seperate $400 from my monthly salary to save more bitcoin. In other words, I spend fiat monet to purchase more bitcoin every month.

Right good job and continue this way of saving bitcoin. Therefore suppose  if you can't save money in bitcoin and can keep in own pocket then I think in your money will be wasted . So I think you take a good and brilliant decision about your money to save  in bitcoin, I hope saving your money in bitcoin will be very secure and beneficial.

[stompix]

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 !

I suggest that you keep some USDT coins at hand just in caes you want to trade some for bitcoin for cheap.

However, keep the majority in your bank account because USDT's value depends solely on whether the company is paying out withdrawals or not. If bitfinex has another hack(bitfinex is the parent company of usdt, pretty sure), then your funds are going to be in danger. Though the advantages of having usdt instead of fiat in your bank is that you'll be able to get almost instant deposits onto exchanges.

Another way is just storing it on an exchange, as you said, but imo that's even riskier than USDT.

So your  advice to keep his funds secure is a coin that you acknowledge yourself is a riscky altcoinshitscam.

Best way to negate the risk would be to go with multiple exchanges if you really want to have money at your disposal at any given time.
But as in the previous post, think twice about the gains and the risks.

[moviebuff777]

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 !

You need to use an exchange like Poloniex, Bittrex, etc. that lets you make quick/immediate transactions from cryptocurrencies to fiat. The exchange you use takes to long. I have used Coinbase to initially buy my bitcoins but I transfer to Poloniex to trade. I don't trade from Coinbase in terms of short term trading. Once you get to a trading exchange, you can trade many different trading pairs (if the exchange is set up for it).

[batang_bitcoin]

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?

Yes, I do keep my fiat on exchange platform so that there's no hassle if you want to buy new bitcoins. After selling it is automatically goes to other wallets which only holds fiat and I don't cash it out if I don't have to. I'm keeping my fiat at a local exchanger and it is authorized by the central bank of our country so it's trusted.

[canvan]

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 !

Yes if I have cash I'm not using I usually transfer it straight to an exchange and sometimes I wait a while before I finally decide to buy. In my experience though for SEPA it is sometimes done within the same day.

[avikz]

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 !

I usually don't buy bitcoins using my salary income so I have never used a wire transfer to any exchanges. However, I have used localbitcoins website quite an few times. It is a trading platform where you will receive offers from many local sellers. If you like someone's offer, you can straight away transfer the amount to their bank account and they will send the bitcoin to your bitcoin address.

localbitcoins website has a very good escrow feature so you can actually keep your amount to the escrow account until the bitcoin is received at your end. I have used their service and I am happy with it. So instead of sending wires to a exchange, you may try this website. However, always check a seller's rating before you start trading with them.

[Superways]

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 !

For an emergency when I think that it is a right time to buy bitcoin now and when for that I am not able to wait for longer then I search for someone on local bitcoin or search for any of my friend to send me bitcoin and I pay him cash by hand or banks transfer.

[ImHash]

Not one question but 2 and here we go with so many answers, who would've thought? it really sucks when you want to quickly buy something and you'd have to wait hours or worse for days to receive the cash, my problem is not about depositing fiat but depositing bitcoin, so many times I've seen some low price coins but by the time my bitcoins arrive I lose the opportunity and I hate it for this to happen.
If you are a pro trader then you should always have some coins/fiat in a few exchanging platforms, never withdraw portion of your cash.