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Sccit (OP)
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December 08, 2017, 02:31:31 PM
Last edit: December 08, 2017, 02:56:23 PM by Sccit
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Naster
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December 08, 2017, 02:50:19 PM
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say someone was to buy 30 bitcoins .. what is the best and least expensive way to go about this using the gemini exchange? would a regular limit order be ideal?

im not too educated about how the different ways to buy work and would like to learn more.

if the current price is showing $15,500 and you edit the buying price to $15,200, will the order eventually go through or most likely not? and if yes, approximately how long would it take?

basically, what is the best option for buying under market value in the least amount of time, if any?

PS.. remade this without the caps lock for those that it bothered. any help would be appreciated.

The cheapest way to buy would be to register with a well-known exchanger, submit your documents for verification and then upload funds from your bank account and buy.
If you buy to local exchangers like through localbitcoins, paxful etc.. it will be more expensive.

arcfaith
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December 11, 2017, 07:04:09 AM
 #3

The best method if you want it "free" is to mine it then. But be mindful that the electric costs and the mining difficulty will be sky high. So unless you have a really good hardware, go for the exchange bitcoins instead. Take a look at the price now, half a year later the returns you will get will definitely be acceptable, provided it's the extra cash you are willing to fork out. A last note is that this is by all means considered an investment though, expecting a high return without any research or without a short time frame is almost impossible. 

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