Message from @Volkmom

Discord ID: 399679020180045834


2018-01-07 00:56:30 UTC  

not familiar with that exchange

2018-01-07 00:57:33 UTC  

looks like its got pretty low volume

2018-01-07 00:58:12 UTC  

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

2018-01-07 00:58:32 UTC  

A friend suggested it. I’m looking around for an exchange to get XRP.

2018-01-07 00:59:16 UTC  

are you registered on any of the main exchanges? binance or bittrex, etc?

2018-01-07 00:59:45 UTC  

I am currently a no-coiner.

2018-01-07 00:59:52 UTC  

gotcha

2018-01-07 01:00:00 UTC  

well hitbtc has xrp

2018-01-07 01:00:18 UTC  

How are the fees?

2018-01-07 01:01:16 UTC  

lower than bittrex..and lower than gate.io from what it looks like

2018-01-07 01:01:38 UTC  

also the price of xrp is almost .40 higher on gate right now

2018-01-07 01:01:54 UTC  

Oosh...

2018-01-07 01:02:26 UTC  

I’ll look into hitbtc. Thanks.

2018-01-07 01:02:50 UTC  

no problem. I don't think its nearly as reputable as the main exchanges fwiw

2018-01-07 01:03:28 UTC  

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

2018-01-07 01:04:34 UTC  

I would also advise anyone who uses one of the smaller exchanges to not store any large amounts of funds directly on the exchange

2018-01-07 01:08:24 UTC  

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

2018-01-07 03:43:19 UTC  

Bitcoin: so easy to put your USD into it...extremely difficult to pull it back out.

2018-01-07 18:35:54 UTC  

Cash deposit is where someone walks into your banks branch and deposits using your account number and name

2018-01-07 18:36:06 UTC  

Are you unable to sell on Coinbase?

2018-01-07 21:41:44 UTC  

@Grandeur inset up an account at coinbase but it's not letting me connect my bank account

2018-01-07 21:42:52 UTC  

I've tried many times

2018-01-07 21:43:37 UTC  

So on localbitcoins what option would one select to sell btc and have the money transferred to your bank account?

2018-01-07 22:46:38 UTC  

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.

2018-01-07 22:46:50 UTC  

Is your lbc account fresh?

2018-01-08 03:46:44 UTC  

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.

2018-01-08 03:57:28 UTC  

I'd recommend using a VPN to anyone trading cryptos. I use this one https://nordvpn.com/

2018-01-08 03:58:45 UTC  

@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.

2018-01-08 05:10:09 UTC  

Ok ty

2018-01-08 05:10:17 UTC  

That makes sense

2018-01-08 16:49:21 UTC  

Which was too small an amount to deal with unless I do cash by mail

2018-01-08 16:49:57 UTC  

ah, that sucks. the fees can be steep, can't believe it's that bad

2018-01-08 16:51:08 UTC  

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

2018-01-08 16:52:31 UTC  

I'd also check out binance as an exchange, they have pretty low fees, not sure if more or less than poloniex

2018-01-08 16:53:11 UTC  

yea, much cheaper on binance it seems

2018-01-08 16:53:13 UTC  

.01%

2018-01-08 16:56:33 UTC  

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.)

2018-01-08 16:57:29 UTC  

Ok ty. I think my biggest issue at hand is getting coinbase to work for me

2018-01-08 16:57:39 UTC  

So today I am going to setup a mainstream bank account

2018-01-08 16:58:07 UTC  

I see, that should do the trick