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Author Topic: purchasing multi crypto currencies- is this option safe  (Read 592 times)
jk_14
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September 27, 2017, 07:48:17 PM
 #21

Thank you. the more I read it sounds really nice to have a 1 stop shop. However, i dont want to leave all my money in their wallets just incase. Do you know if its possible for me to transfer for ex: my BTC i buy there into blockchain and vice versa?
In most cases the prices on exchanges will be largely the same. If one exchange has a substantially lower price than another that would create an arbitrage opportunity which would very quickly get exhausted and thus even the prices out across different platforms. It depends on how much effort you want to put into buying or selling your coins I guess, but in most cases it doesn't matter. I wouldn't pay attention to it if I didn't have hundreds of thousands or millions to throw into cryptos, since that's roughly when the price differences would start adding up.
Lifework (OP)
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September 27, 2017, 07:52:15 PM
 #22

Does anyone know if you can transfer from ether of these sites into blockchain for Ether/BTC for holding your currency? I have been searching high and low for the answer.


I've never had a problem with Bittrex, they're a good solid choice for currency exchange.

And yes, any exchange will allow you to send money blockchain>exchange or vice versa. Is that your question?
All exchanges have the necessary wallets for the currencies they offer, you have to make a new address for yourself
in your account so they know where the money should go.

yes you did. not i just keep running into this $500/ wk purchase rule unless i want to pay for it on localBTC
HansWermhat
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September 27, 2017, 07:55:32 PM
 #23

I have used many exchanges over the years, and Bittrex is by far the best. Poloniex has been known to have issues withdrawing/depositing sometimes. I know people who have waited weeks for them to clear, with no response from support.
Lifework (OP)
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September 27, 2017, 08:03:48 PM
 #24

I noticed on bitterx they said if you use a card it routes you through coindesk which will obviously take me back to my problem of $500/wk. However, if you do a bankwire there is no mention of it. Since it is now saying i have no acnt there under that email yet i checked the email and have acnt activation conformation i contacted support for help and to ask what the max daily wire allowed is? i will post up once i hear.
Periodik
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September 27, 2017, 08:08:26 PM
 #25

Bittrex is my first choice. It is the largest crypto exchanger with lots of crypto choices. Verification is fast and easy plus it allows you to withdraw as high as 1337 btc in one day alone. I haven't heard much people complaining Bittrex compared to other top exchanges like Poloniex.
Lifework (OP)
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September 27, 2017, 08:19:51 PM
 #26

Bittrex is my first choice. It is the largest crypto exchanger with lots of crypto choices. Verification is fast and easy plus it allows you to withdraw as high as 1337 btc in one day alone. I haven't heard much people complaining Bittrex compared to other top exchanges like Poloniex.

can i actually buy btc or etherum on that site or do i need to but it on somewhere like coinbse for ex then transfer it there? I did not see the answer on their site as far as funding your bitterx acnt.

Thank you very much!
Lifework (OP)
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September 28, 2017, 05:58:25 PM
 #27

Bittrex is my first choice. It is the largest crypto exchanger with lots of crypto choices. Verification is fast and easy plus it allows you to withdraw as high as 1337 btc in one day alone. I haven't heard much people complaining Bittrex compared to other top exchanges like Poloniex.

can i actually buy btc or etherum on that site or do i need to but it on somewhere like coinbse for ex then transfer it there? I did not see the answer on their site as far as funding your bitterx acnt.

Thank you very much!

damn I just signed up to check out Cex.io but im definitely not using them. they charge 7% fees.
chalkboard17
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September 28, 2017, 06:46:42 PM
 #28

they are safe but your information will be revealed and they will hold your identity. therefore, buying/ purchasing cryptocurrencies from an exchanges will somehow dangerous compare to what is going on in the cryptocurrency world

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MarioLuck990
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September 28, 2017, 06:58:31 PM
 #29

No if you buy non sense coins, icos. The point is to buy good ICOs or Coins. Eth Btc are the safest investments you can do for long term profits.
Ewinsane
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September 29, 2017, 01:27:59 PM
 #30

I just became aware of Bittrex when searching for a place to purchase some Ripple. I was wondering if this is the best option or place to buy from for that currency?
I was also going to pick up some more BTC and Ether but was planning on using GDAX for the first time. Now I see that i can purchase all through Bittrex. Is one better than the other? would I be better off using Bittrex for Ripple and GDAX for BTC/ETH? I want to make sure i make a safe educated purchase before pulling the trigger. Any help would be greatly appreciated. If Im way off with the sites i was going to use Im definitely open to recommendations as well.

Does anyone know if you can transfer from ether of these sites into blockchain for Ether/BTC for holding your currency? I have been searching high and low for the answer.

Thanks
Bittrex is obviously one of the best and most reliable place to exchange a cryptocurrency. However by transferring the bitcoin or ethereum you bought to blockchain wallet is very possible. It is just the normal way you would perform any transaction with any wallet, so you have nothing to worry about. It is an easy process and all you just have to do is visit your wallets and press the minus sign beside the coin you want to send into another wallet.
sunk818
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September 29, 2017, 10:07:28 PM
 #31

Im sorry i meant is this the site you use? I dont know if i can purchase through there or if its only for europe? Im in the states.
https://www.litebit.eu/en/buy

I'm curious too. It looks like you can submit an international wire transfer to verify your account. But then you'd have to send an international wire each time to fund your account. My bank charges me $45 for international wires. CoinBase fees are ridiculous, but it does help put things in perspective... With so much credit card fraud, I don't see it being easy for US residents to use LiteBit for purchasing altcoins. There aren't any inexpensive methods that I know of for international bank to bank.

Lifework (OP)
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October 06, 2017, 03:41:11 PM
 #32

Sorry if this is stupid i just need to ask it to have a calm mind.

I'm storing my Etherum and Bitcoin on Blockchain. I'm storing my Litecoin and Ripple on the Bittrex trading platform. I'm buying through Coinbase and then transferring it to the mentioned wallets. I realize nothing is foolproof or 100% safe however this is what i have come up with through researching options. Input is greatly appreciated if this is a safe method.
ThunderCatSteve
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October 06, 2017, 04:28:50 PM
 #33

Thank you. the more I read it sounds really nice to have a 1 stop shop. However, i dont want to leave all my money in their wallets just incase. Do you know if its possible for me to transfer for ex: my BTC i buy there into blockchain and vice versa?
That is a very good move. I am happy you have done a huge research on your own and you must have already known why keeping your funds in an exchange wallet is not good. In as much as bittrex has proved themselves to be a reputable exchange over the years, it is still very risky to ever leave your assets as you do not have control over it.
donkeynuts
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October 06, 2017, 09:44:44 PM
 #34

I signed up on coinbase and am limited to a $500 wk minimum. Does anyone else know of a site that allows you larger purchases? Im waiting for my new ID (expired) from the DMV and they wont take my passport which blows my mind why?

Thanks alot

Get approved and link a bank account and your limits will be increased. went through the same process.
Lifework (OP)
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October 07, 2017, 11:36:39 PM
 #35

I just purchased some more from a bank account not realizing it arrives in 10 days. Does anyone know if i get it at the price i purchased it at today or the price its at in 10 days?
jk_14
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October 07, 2017, 11:38:59 PM
 #36

I just purchased some more from a bank account not realizing it arrives in 10 days. Does anyone know if i get it at the price i purchased it at today or the price its at in 10 days?
In almost all cases you will get your coins at the rate of the date at which you ordered, not at the rate of the date at which your wire transfer is cleared.
NelfiNovita
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October 09, 2017, 04:45:57 AM
 #37

yes you have to be careful in choosing the coins you want to buy. its examples like etherium, many of them prefer eth because eth is safe enough to store their coins, and certainly have a future and become a successful coin.

coleman268
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October 09, 2017, 04:47:54 AM
 #38

Bittrex is reliable, but honestly their choices are extremely limited since they hardly add coins these past few months. I'd recommend some exchanges like coinexchange.io or binance
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October 09, 2017, 05:05:02 AM
 #39

There is lots of exchanges now a days trust worthy hitbtc, Coinexchange , Cryptopia  these are am regularly using platform for trading altcoins. Best one to buy is etherdelta because every coin initially listed in etherdelta where you can buy it for very less price.
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