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Thread: Cryto Currency

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  1. #1
    Posting is my life! Club Member Jellybean's Avatar
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    Cryto Currency

    Looking at buying some

    I think all I have to do is

    Setup a Wallet -- I chose to use JAXX as it is on my mobile

    https://coinsutra.com/best-etherum-wallets/

    Buy Ethereum/Bitcoin

    https://www.coinbase.com/join/5a0f0ae1b93cc4023442e38c


    Anybody know the ins/outs , how do you sell on for a Flat currency (GBP, EUR ..)

  2. #2
    Me? Post? Never! Club Member Marty's Avatar
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    Quote Originally Posted by Jellybean View Post
    Looking at buying some

    I think all I have to do is

    Setup a Wallet -- I chose to use JAXX as it is on my mobile

    https://coinsutra.com/best-etherum-wallets/

    Buy Ethereum/Bitcoin

    https://www.coinbase.com/join/5a0f0ae1b93cc4023442e38c


    Anybody know the ins/outs , how do you sell on for a Flat currency (GBP, EUR ..)
    Is that a referral link for coinbase!? sneaky .

    I've been buying and selling for quite a while now. Btc at an all time high this week dude, may be worth waiting for it to consolidate some before buying in, it will.
    Sack off buying your bitcoin direct through coinbase - fees are extortionate.
    Instead bank transfer the money over to your coinbase account then use gdax.com - gdax is coinbase's exchange, the fees are a lot less.
    With it being an exchange you can buy and sell your btc/eth/ltc as you choose, for euros / gdp.

    Once you get your head around all that then i'd recommend looking in to bittrex - another exhange where you can buy AltCoins. Theres also bitfinex if you are brave enough to do some margin trading, thats where the big money is made (and lost)

    If you plan on buying and HODLing and are putting a good amount in then get a hardware wallet - ledger. If you are going to be doing frequent trading just keep them on the exchange, otherwise theres myetherwallet for eth based coins.

    Main advice, don't go FOMO on anything!! in crypto there is always another opportunity.

    PM me if you need more info pal.

  3. #3
    Posting is my life! Club Member Jellybean's Avatar
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    Thanks

    But I think gdax you need a UK address

  4. #4
    1.21 Gigawatts Club Member Wez's Avatar
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    Blockfolio is a great app for tracking all your cryptos and keeping up to date on price, can even set notifications and can select which company you trade with.



    https://www.blockfolio.com/
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  5. #5
    Posting is my life! Club Member Jellybean's Avatar
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    Any alternative than Coinbase, trying to verify the ID; they keep saying they cannot read it, not to sure why you cannot upload the ID

    Using a Webcam to take a picture of the ID is stupid ,

  6. #6
    Me? Post? Never! Club Member Marty's Avatar
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    There's a UK based one called bittylicious but the prices are inflated. Coinbase is the simplest, I used the phone way to verify by IDs, worked fine.
    You can use Gdax if you're not based in UK - it's an American exchange.
    Your coinbase login should work there I think, I don't use it personally.
    +1 for blockfolio.

    Crypto is very very volatile, don't be disheartened to see your BTC/Eth/LTC lose money initially. I was annoyed when my BTC went from £1.8k to £1.2k, 6months on after many ups and downs it's worth £6k

  7. #7
    Posting is my life! Club Member Jellybean's Avatar
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    Thanks , just used etoro ; a lot easier as you can upload images

    Will look at eth and bitcoin rates over the next few days , need to wait a bit before I am verified



  8. #8
    Built not bought! Club Member and1c's Avatar
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    [QUOTE=Jellybean;4247802]Thanks , just used etoro ; a lot easier as you can upload images

    Will look at eth and bitcoin rates over the next few days , need to wait a bit before I am verified


    /QUOTE]

    Etoro ... hmm I wouldnt put much in there.
    Google them for reviews...

    DO YOUR RESEARCH HEAVILY OVER THE INTERNET GUYS PRIOR TO MAKING DEPOSITS IS MY ADVICE!!!

  9. #9
    Me? Post? Never! Club Member Marty's Avatar
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    I wouldn't bother with eToro, its CFD so you don't physically own the 'tokens', stick with coinbase/Gdax.
    BTC is due a dip so the wait will probably save you some £.

  10. #10
    Did somebody say carbon? Club Member Ric's Avatar
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    Sign up with coinbase.

    If you use the app on your phone you can take a picture there, or upload from photo album.

    If you do sign up, use this https://www.coinbase.com/join/592a9d4593138004032c7bd0 we both get 7-8£ of BTC when you make your first purchase.

    Coinbase IS GDAX so you once you've set up coinbase you can use GDAX and buy eth/btc/ltc with no fee's which is much better than paying coinbases extortionate fee.

    For wallets i use Exodus on my mac which is brilliant, i also have a Ledger Nano S for cold storage.

  11. #11
    1.21 Gigawatts Club Member Wez's Avatar
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    Quote Originally Posted by Ric View Post
    For wallets i use Exodus on my mac which is brilliant, i also have a Ledger Nano S for cold storage.
    Does that support the recent forks so you get equal amount as you have BTC at time of fork?

    I am still using an old version of Multibit so need to migrate to a newer wallet to claim my forked cryptos, not got round to it yet.
    Supra: 1996 Silver, Syvecs S6 ECU, 500bhp & 500ft/lbs, 95ron Unleaded
    Porsche: 2002 Black 996TT, Syvecs S8 ECU, 630bhp
    Lexus: 2001 LS430, Toyota 3UZ-FE V8
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  12. #12
    Did somebody say carbon? Club Member Ric's Avatar
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    Quote Originally Posted by Wez View Post
    Does that support the recent forks so you get equal amount as you have BTC at time of fork?

    I am still using an old version of Multibit so need to migrate to a newer wallet to claim my forked cryptos, not got round to it yet.
    Yep it does. As long as it was in there at the time of the fork. They dont support everything, but adding more every few weeks.

  13. #13
    1.21 Gigawatts Club Member Wez's Avatar
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    Quote Originally Posted by Ric View Post
    Yep it does. As long as it was in there at the time of the fork. They dont support everything, but adding more every few weeks.
    From what I have read I have to export some keys and import them into a compatible wallet, well something along those lines
    Supra: 1996 Silver, Syvecs S6 ECU, 500bhp & 500ft/lbs, 95ron Unleaded
    Porsche: 2002 Black 996TT, Syvecs S8 ECU, 630bhp
    Lexus: 2001 LS430, Toyota 3UZ-FE V8
    Odds: Dyno Plot | Turbos Compared | 2BarTuning | Engine Part Weights
    Steve Manley 01865 291300
    | Garage Clearout |

  14. #14
    Posting is my life! Club Member Sheefa's Avatar
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    Use cryptocompare to track all coins, much better and easier to log sold and realised P gains.

    Coin gecko is best for tracking individual coin performance at a quick glance.
    Greg

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  15. #15
    Posting is my life! Club Member Sheefa's Avatar
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    Another tip guys, setup a banking account with FidorBank just for cryptos. Very quick and easy with webcam passport verification.

    Then send UK sterling to that account. You can then transfer Sterling into Euros at a great rate over to Kraken for a £2.49 fee and pretty quick too, within 3 days normally to deposit successfully into Kraken account. Saves on extortionate UK bank to Euro exchange fees.
    Greg

    UK Spec Manual - Big Single Turbo 800bhp

    Carefully maintained by Lee P and the Team @ SRD
    http://www.supraracingdevelopments.co.uk

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