DrBrick (OP)
Newbie
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Activity: 2
Merit: 0
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August 21, 2017, 05:24:51 AM |
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Hi All
just started to buy a few coins here and there, have a little bitcoin, ether litecoin and ripple.
one thing that seems complicated to me , is it seems like i have to buy from one site, transfer to another site to exchange, then transfer to another site if i wanted to cash out.
All these movements attract a fee...
Im sure there is an easier way, i just dont know what it is... hoping some of the experienced members can point me in the right direction.
would like to start trading a little once i get a better feel for it.
I am in australia if that makes any difference.
Looking for lowest fees possible, and least amount of movements
thanks in advance
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OmegaStarScream
Staff
Legendary
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Activity: 3444
Merit: 6083
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August 21, 2017, 06:05:31 AM |
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I searched and I couldn't find anything better then Coinbase: https://www.coinbase.com/places/australia?locale=en but sadly, they don't have Ripple to trade with. I found Kraken too but they don't accept Australia as a country from what I understood. If I were you I'd go with Coinbase just to minimize my fees and trade Ripple somewhere else. |
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DaMut
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August 21, 2017, 06:06:33 AM |
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actually you don't need to worry about this all,
first if you're an australian find a local exchanger for you to withdraw your money in cash,
or you can try to use kraken or other exchanger for place to withdraw.
and find an altcoin exchanger to buy an altcoin so you don't need to buy it from different site,
in my opinion a good exchanger so far is Bittrex,and if you're using small amount you can use Noveexchanger,
it's very easy to use and not many people complained about this exchanger,
in there you can buy Ripple,ETH,Ltc and other coins.
doing your trade in those altcoin exchanger and when you get profit from it,transfer it to your local exchanger and cash out.
so,you only need to pay a single fee from all of this
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Hypercube
Member
Offline
Activity: 119
Merit: 105
Semantically satiated.
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August 21, 2017, 06:24:38 AM |
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Hi All
just started to buy a few coins here and there, have a little bitcoin, ether litecoin and ripple.
one thing that seems complicated to me , is it seems like i have to buy from one site, transfer to another site to exchange, then transfer to another site if i wanted to cash out.
All these movements attract a fee...
Im sure there is an easier way, i just dont know what it is... hoping some of the experienced members can point me in the right direction.
would like to start trading a little once i get a better feel for it.
I am in australia if that makes any difference.
Looking for lowest fees possible, and least amount of movements
thanks in advance
You can also think of it this way: you might not need to cash out at all! Crypto will take over slowly but surely and you'll soon be able to pay in bitcoin almost everywhere. I know you can buy from Amazon with BTC using an app, so that's a pretty good start I believe  |
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DrBrick (OP)
Newbie
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Activity: 2
Merit: 0
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August 21, 2017, 06:38:11 AM |
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basically, now i am buying from coinbase as they seem to have the best price on the actual bitcoin.
so i have to send bitcoin to an exchange that has multi currencies, and trade between them there...can anyone recommend an exchange with lots of currencies, low fees and pretty easy to use
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Hypercube
Member
Offline
Activity: 119
Merit: 105
Semantically satiated.
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August 21, 2017, 06:48:20 AM |
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basically, now i am buying from coinbase as they seem to have the best price on the actual bitcoin.
so i have to send bitcoin to an exchange that has multi currencies, and trade between them there...can anyone recommend an exchange with lots of currencies, low fees and pretty easy to use
Bittrex has a huge list of coins, pretty low fees and has never been hacked. Perfect choice. You only have 0.5btc withdrawal / day with an unverified account, but I personally don't mind |
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HabBear
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August 22, 2017, 05:35:37 AM |
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All these movements attract a fee...
Im sure there is an easier way, i just dont know what it is... hoping some of the experienced members can point me in the right direction.
would like to start trading a little once i get a better feel for it.
I am in australia if that makes any difference.
Looking for lowest fees possible, and least amount of movements
thanks in advance
Trading costs money. A few options to keep your costs down, trade in coins that have the lowest transaction fees. Another option? Let your bets ride. Buy and hold isn't a weak play...in fact it's been the best play that exists in cryptocurrency. Buying and holding Bitcoin has been the best play this entire year! Don't be so quick to make money, slow and steady...you'll get there. How much are you working with, by the way? |
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Cryptomover
Newbie
Offline
Activity: 41
Merit: 0
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August 22, 2017, 07:03:14 AM |
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basically, now i am buying from coinbase as they seem to have the best price on the actual bitcoin.
so i have to send bitcoin to an exchange that has multi currencies, and trade between them there...can anyone recommend an exchange with lots of currencies, low fees and pretty easy to use
Bittrex is one of the best exchanges for trading altcoins, and the verification process is relatively easy. They also have good reputations. Meanwhile, You can visit their website and click markets to see if the coins you want is listed there. |
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jakezyrus00
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August 22, 2017, 01:49:22 PM |
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Hello guys I am still new here even if I am already Jr. Member. I just want to ask how the bounty becomes bitcoin. I mean what is the step by step process from gaining bounty to bitcoin. I also want to know if how the currency of Bitcoins changes? I mean what are the things that consider to rise up the value of bitcoins and vice versa. Can some one answer me? Thank you.
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Social_Cryptonetix
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August 22, 2017, 01:58:30 PM |
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I've been using coinbase
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~Cryptonetix.com~
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DOLONCHAPA
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August 22, 2017, 11:52:56 PM |
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hello dear, please you will try use www.coinbase.com I think it is best service in world, and few service fee, and very fast send/ receive coin. amd please se details more coinbase website. |
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cryptocan
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August 23, 2017, 01:42:03 AM |
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Hi All
just started to buy a few coins here and there, have a little bitcoin, ether litecoin and ripple.
one thing that seems complicated to me , is it seems like i have to buy from one site, transfer to another site to exchange, then transfer to another site if i wanted to cash out.
All these movements attract a fee...
Im sure there is an easier way, i just dont know what it is... hoping some of the experienced members can point me in the right direction.
would like to start trading a little once i get a better feel for it.
I am in australia if that makes any difference.
Looking for lowest fees possible, and least amount of movements
thanks in advance
use bittrex, I am using the following and I can find most of the coins in at least one or two of them https://bittrex.comhttps://novaexchange.comhttps://www.coinexchange.io |
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