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Author Topic: Getting money in and out of Crypto?  (Read 397 times)
jonanon
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December 03, 2013, 09:48:07 AM
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Like many I hold some BTC and day trade when I have any free time. The issue I have found is actually getting money in and out?

If I make say $30 worth of BTC in one day and want to convert and get the money in a safe way I may be looking at receiving only $15 after fees to convert and withdrawal costs. There must be a better way?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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niothor
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December 03, 2013, 09:56:19 AM
 #2

Like many I hold some BTC and day trade when I have any free time. The issue I have found is actually getting money in and out?

If I make say $30 worth of BTC in one day and want to convert and get the money in a safe way I may be looking at receiving only $15 after fees to convert and withdrawal costs. There must be a better way?

Of course , cash every 30 days:).
jonanon
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December 03, 2013, 09:58:31 AM
 #3

Like many I hold some BTC and day trade when I have any free time. The issue I have found is actually getting money in and out?

If I make say $30 worth of BTC in one day and want to convert and get the money in a safe way I may be looking at receiving only $15 after fees to convert and withdrawal costs. There must be a better way?

Of course , cash every 30 days:).

True - I just don't feel confident leaving any amount of money worth having in the guard of the exchanges......
niothor
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December 03, 2013, 10:01:22 AM
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Like many I hold some BTC and day trade when I have any free time. The issue I have found is actually getting money in and out?

If I make say $30 worth of BTC in one day and want to convert and get the money in a safe way I may be looking at receiving only $15 after fees to convert and withdrawal costs. There must be a better way?

Of course , cash every 30 days:).

True - I just don't feel confident leaving any amount of money worth having in the guard of the exchanges......

So you have "some" BTC there but you don't trust the exchange to hold an additional 500-1000 usd.
Isn't that funny?
jonanon
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December 03, 2013, 10:06:05 AM
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Like many I hold some BTC and day trade when I have any free time. The issue I have found is actually getting money in and out?

If I make say $30 worth of BTC in one day and want to convert and get the money in a safe way I may be looking at receiving only $15 after fees to convert and withdrawal costs. There must be a better way?

Of course , cash every 30 days:).

True - I just don't feel confident leaving any amount of money worth having in the guard of the exchanges......

So you have "some" BTC there but you don't trust the exchange to hold an additional 500-1000 usd.
Isn't that funny?

Funny? I wouldn't say so. I hold about 0.15 BTC in an exchange and switch between LTC making on average 5% a time, a few times would give $30, again on average. If I loose $150, well never mind. $500 + starts to hurt especially when you've done a lot of trading to earn it.
jones31
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December 03, 2013, 11:15:05 AM
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Using 150 to make 30$ daily sound like pushing your luck.
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