Message from @Volkmom
Discord ID: 399679020180045834
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?
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
Which was too small an amount to deal with unless I do cash by mail
ah, that sucks. the fees can be steep, can't believe it's that bad
what I'd recommend is converting to BTC and then LTC before sending to coinbase, where you can sell it for USD and cash out
I'd also check out binance as an exchange, they have pretty low fees, not sure if more or less than poloniex
yea, much cheaper on binance it seems
.01%
I recommend converting to LTC as the transaction fees are cheaper. To clarify, there are exchange fees and transaction fees, recommending LTC for lower transaction fees and Binance for lower exchange fees. (nevermind I mentioned GDAX, deleted that part, extraneous info.)
Ok ty. I think my biggest issue at hand is getting coinbase to work for me
So today I am going to setup a mainstream bank account
I see, that should do the trick