Message from @Px4
Discord ID: 399366846161223681
https://www.weusecoins.com/en/find-the-best-bitcoin-wallet/ from this article, "Electrum" may be your best option for an offline "desktop" wallet
Thank you.
Binance
Yeah there's also some other gold websites.
converting BTC to USD? localbitcoins
I believe Gemini and bitstamp have the option as well
I have not personally used bitstamp, but Gemini is as legitimate as coinbase, it’s FDIC insured as well
@Volkmom BitFlur is another service that allows you to exchange btc for usd into your PayPal account, I believe they will also exchange btc for amazon gift cards. I have not personally used them, but as far as I know they are legit. The fees are supposedly very low as well. JM Bullion and APmex will allow direct purchase of precious metals with btc. I have done that several times myself
@this_that5553 you should still be able to register at Coss, Kucoin, Hitbtc, and Cryptopia. Hitbtc and Coss have shit for volume, cryptopia is a little better, kucoin has most of the alt coins and ICOs that binance offers as well. Coss and Kucoin both offer a sort of “dividend” payout of trading fees that are distributed to holders of “their” tokens.
Is gate.io legit?
not familiar with that exchange
looks like its got pretty low volume
which is fine if you're just looking to acquire, but trading may be a problem if that's what you're looking to do
A friend suggested it. I’m looking around for an exchange to get XRP.
are you registered on any of the main exchanges? binance or bittrex, etc?
I am currently a no-coiner.
gotcha
well hitbtc has xrp
How are the fees?
also the price of xrp is almost .40 higher on gate right now
Oosh...
I’ll look into hitbtc. Thanks.
no problem. I don't think its nearly as reputable as the main exchanges fwiw
ive never had any problems withdrawing funds from them, but I've heard of other people that had lengthy delays, no response from support, ect
I would also advise anyone who uses one of the smaller exchanges to not store any large amounts of funds directly on the exchange
the larger, more established exchanges are "safer" probably not as likely to exit scam. But i'd recommend keeping larger amounts in a hardware or paper wallet, even a desktop wallet if you're careful with your security and keys. I keep some btc on binance just so I can have some liquidity. But the majority of my funds I store elsewhere
Bitcoin: so easy to put your USD into it...extremely difficult to pull it back out.
Cash deposit is where someone walks into your banks branch and deposits using your account number and name
Are you unable to sell on Coinbase?
@Grandeur inset up an account at coinbase but it's not letting me connect my bank account
I've tried many times
So on localbitcoins what option would one select to sell btc and have the money transferred to your bank account?
Transferred? I'm not sure. I've never used that, and I don't think it's nearly as popular (which means better rates or quicker sells) as cash deposit.
Is your lbc account fresh?
If you’re selling on local bitcoins, be careful. You could easily get set up and robbed for all the bitcoins you have on your phone.
I'd recommend using a VPN to anyone trading cryptos. I use this one https://nordvpn.com/
@Volkmom if the bank you have isn't working with coinbase, while it's an annoying extra step, you might consider opening an account with a more mainstream bank for that sole purpose.
Ok ty
That makes sense