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PA992 (OP)
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November 20, 2013, 06:57:48 PM |
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Do I have to wait for the synch to finish before I can begin trading?
Also, can anyone recommend a trading website for anyone living in the United States? I've already found out that the options for purchasing Bitcoin on a few websites are not available in the U.S. and I would hate to run into similar trouble when I have to trade in my Bitcoins for cash.
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thisdudedoesit
Newbie
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Activity: 3
Merit: 0
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November 20, 2013, 07:10:11 PM |
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Are you trying to buy bitcoins or day trade bitcoins (against other cryptocurrencies or fiat currencies)?
Btc-e.com is a great website for trading, but you can't buy bitcoins there from USD from the US.
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PA992 (OP)
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November 20, 2013, 08:43:39 PM |
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Both.
(I already bought some bitcoins.)
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DannyHamilton
Legendary
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Activity: 3514
Merit: 4894
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November 20, 2013, 11:44:31 PM |
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If you are trading, then there isn't much need for a wallet on your computer.
What are you planning on using that wallet for?
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PA992 (OP)
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November 21, 2013, 05:07:42 AM |
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I plan to hold onto some as well as trade.
What's an exchange that offers low fee, low minimum withdrawals for U.S. customers?
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PenAndPaper
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November 21, 2013, 05:58:57 AM |
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You may want to check coinbase.com as well. It looks cool for people in the US although there were a lot of posts complaining recently.
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DrG
Legendary
Offline
Activity: 2086
Merit: 1035
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November 21, 2013, 08:39:30 AM |
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Coinbase is probably the easiest to use for US based bank accounts. I wouldn't keep more than a coin or 2 on their server for an extended period of time. It works more like a bank rather than an exchange. Once you buys coins there you can move them to a popular exchange like BTC-e
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MargaretsDream
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November 21, 2013, 08:56:32 AM |
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Do I have to wait for the synch to finish before I can begin trading?
If you want send your coins from Bitcoin-qt, wait for sync to finish. It only takes time downloading whole blockchain once |
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beetcoin
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November 21, 2013, 08:59:12 AM |
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Do I have to wait for the synch to finish before I can begin trading?
If you want send your coins from Bitcoin-qt, wait for sync to finish. It only takes time downloading whole blockchain once not quite true though. the blockchain is ever-updating. if you were to not turn on your computer for a year, it'd take some time to catch up. |
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john_es
Newbie
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Activity: 12
Merit: 0
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November 21, 2013, 09:46:33 AM |
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Where do you suggest moving BTC from coinbase to? Funny, I just posted about coinbase. They are terrible, speedwise. Their support is non-existent, and it took over 7 days to clear my transaction even though I used a direct bank transfer. In the end, I'm glad I used them because the transaction cleared, and at the time volatility was very low. I'd probably never use them in the current situation as they can always backout of a transaction if it suits them (ie hurts you).
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Sluis
Newbie
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Activity: 21
Merit: 0
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November 21, 2013, 09:56:03 AM |
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I downloaded the LTC wallet 2 days ago and you don't have to wait until the synch is over to get some coins.
The coins however will not be visible until the synch is over.
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Kiki112
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November 21, 2013, 09:57:39 AM |
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you can trade right away but you won't see that you received a payment until the sync is over
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