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Author Topic: Exchanges  (Read 4544 times)
ChuckBuck
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January 20, 2015, 06:22:58 PM
 #41

You don't have to go to an exchange like Bitstamp, Kraken, Bitfinex, BTC-E, if you're not planning on actively trading Bitcoin.

If you just want to buy and sell infrequently, then Coinbase, Circle, and LocalBitcoins are your best bet.

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January 20, 2015, 09:53:25 PM
 #42


For Coinbase, you will need to at least verify your phone number and bank account, or link your credit card.
https://support.coinbase.com/customer/portal/articles/1635397-what-are-user-verifications-used-for-

For btc-e, you won't need to do verification unless you need to make bank wire transfers.
Thanks for explanation!

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sethminer14
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January 21, 2015, 01:11:08 AM
 #43

It's the same thing as your regular old stock exchange

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Brewins
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January 21, 2015, 02:43:27 AM
 #44

It's the same thing as your regular old stock exchange

but with lower fees and regulations
tins
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January 21, 2015, 06:53:45 AM
 #45

How do exchanges work?

Link up your bank account, send in money when you want to buy  Bitcoin at a particular price. Or, if you have Bitoin, sell at a proce you feel meets your requirement and the money will be sent into your bank account.
Very little fees.
I used Coinbase and have been please all around. If different countries, different exchanges work better/worse. Do a little research in regards to which exchange most use in your country.

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January 21, 2015, 12:23:19 PM
 #46

Simple as:

Deposit fiat/crypto -> Operate -> Withdraw fiat/crypto gains (or save losses).

Remember to never leave cryptocurrencies for long in the exchanges addresses, too risky.

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PauloRod
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January 25, 2015, 08:27:07 PM
 #47


Remember to never leave cryptocurrencies for long in the exchanges addresses, too risky.

Why?

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SirChiko
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January 26, 2015, 10:54:22 AM
 #48


Remember to never leave cryptocurrencies for long in the exchanges addresses, too risky.

Why?
As their hot wallet could get hacked like it happend with stamp.

Great online casino with lots of slots, you should check it out!
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picolo
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January 26, 2015, 11:16:57 AM
 #49


Remember to never leave cryptocurrencies for long in the exchanges addresses, too risky.

Why?
As their hot wallet could get hacked like it happend with stamp.

If their hot wallet is hacked they should be ok if they have enough reserves but they could even lose their cold wallets, burn so much capital that they lose their clients deposits or leave with the cash.

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dlc1962
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January 26, 2015, 12:02:41 PM
 #50

What's a hot and cold wallet?
ChuckBuck
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January 26, 2015, 01:25:07 PM
 #51

Speaking of exchanges, Coinbase is launching the first regulated North American one is about 30 minutes or so:



https://www.coinbase.com/lunar

Time for liftoff, gents.   Cool

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IAmARoyalElite
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January 26, 2015, 02:35:49 PM
 #52

nice pic  Grin
SirChiko
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January 26, 2015, 02:54:47 PM
 #53

Speaking of exchanges, Coinbase is launching the first regulated North American one is about 30 minutes or so:



https://www.coinbase.com/lunar

Time for liftoff, gents.   Cool
Aaaaaand it's up! https://exchange.coinbase.com/

Great online casino with lots of slots, you should check it out!
https://bitcasino.io/?ref=bTXp9aAjCqdmAkXck    
Not an AD, just my little tip how to profit easily Wink
picolo
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January 26, 2015, 03:01:36 PM
 #54

What's a hot and cold wallet?

Hot wallet allows for instant automatical withdrawals by online command. A cold wallet is not accessible online without bringing the priv key online so a well secured cold wallet should never be hacked.

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Kipsy89
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January 26, 2015, 03:08:41 PM
 #55

Speaking of exchanges, Coinbase is launching the first regulated North American one is about 30 minutes or so:



https://www.coinbase.com/lunar

Time for liftoff, gents.   Cool
Aaaaaand it's up! https://exchange.coinbase.com/

I gotta say, for people located in the US this exchange looks really nice. It's clean and easy to use and has really nice features. I like the fee-structure, it's insured, the API is very well designed. Man this could be the game-changer as some people in the speculation forum are saying!

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January 26, 2015, 08:50:28 PM
 #56

then try this link https://www.coinbase.com/lunar
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January 26, 2015, 09:26:52 PM
 #57

Tothemoon my friends!
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January 26, 2015, 10:19:46 PM
 #58

Tothemoon my friends!
And tothebottom after this?
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January 26, 2015, 11:04:39 PM
 #59

I don't know if the announcement from Coinbase had that influence on the market. It is also possible that the elections in Greece caused the rising of the bitcoinprice.
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January 27, 2015, 07:29:36 AM
 #60

I don't know if the announcement from Coinbase had that influence on the market. It is also possible that the elections in Greece caused the rising of the bitcoinprice.
I don't think that elections in Greece could affect on bitcoinprice.
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