Np I think best thing to do is as LZ I think pointed out buy litecoin and transfer then sell for BTC. I think would be faster. Have not tried yet today.
I owe @ubengineering a drink if all this goes well and I can get a solid process going here.
so the transfer went through but how do i buy a few grand worth?
there doesnt appear to be a way in binance to deposit cash or linked to a bank account or credit card.
gdax and coinbase are the same owner, you do not need to register on gdax, you can use the same login from coinbase.
Its inconvenient that way, straight up buys (from actual bank account)are done on Coinbase while Binance is a trading platform. Theres a way to withdraw USDT but not sure how. Ill see if I can find how
Edit: ok here is how itās done. In the funds page or tab on the app, select ādepositā and then change the currency to USDT. Read this first though to know about USDT.
https://www.cryptocompare.com/coins/guides/what-is-usdt-and-how-to-use-it/
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More hoops to jump through but should help be able to put in more than in Coinbase.
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I prefer the Coinbase-> Litecoin -> Binance ->litecoin to btc convert route. It should be fast enough. Then just start trading there to usdt and back to btc etc.
Iāll let the more experienced answer how it is possible to get it back into dollar form into your bank account. Probably Coinbase but the fees mehā¦
I bought $50 in LTC on Coinbase, what do I do now?
Processing mode
binance is not a US platform. it is asian.
it amazes me how much of a wild west this all is where there are so many prominent foreign intermediaries for this stuff. It really does show how important it is to regulate and make your domestic market the best best for trading this given that digital currencies are inevitable and that you would not want foreign companies taking the lead in your domestic market.
i would really like to find a way to get on GDAX. I may set up in my wifeās name and get going on it and transfer everything to it that way.
So far Iāve made $1.35, Iām almost ready to sell and quit my job!
If your playing the game for a quick buck you need to trade on an exchange that does not kill you with fees. Sell high and rebuy at the dips. If you want to invest and hold for 6,12,18 months keep investing a little at a time when they dip.
LOLOLOL.
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This will likely become a widespread occurrence if volatility lingers in insanity mode. Nobody wants to take payment at one price and hope they can liquidate at the same price in this environment. Or worse yet have the exchange freeze up on you and begin moving again at a whole different price. This insanity is so fascinating to me, fun watching. I wonder what this volatility will do to the credibility/long term of BTC and futures spinoffs as well.
HODL movement is going to create many bagholders I suspect, should also be good for entertainment value.
This is a lot more credible than the Forbes etc articles calling BTC a bubble, or that the actual value of BTC is how much it costs to mine it. Look at gold. It has no real use except in some tiny quantities in electronics, even that isnāt that much. With some of these peoples thinking, how in the world does Facebook end up being valued at what it is? Itās not like their profits are from producing/selling physical assets , itās data and advertising space which is all digital.
It seems like some of these articles are written by 70 yr olds who are set in rigid old ways. 5+ years the idea that electric cars are possible was stupid in mainstream thinking.
10 years ago if I told someone that their Ford Taurus can parallel park by itself by pressing a button, they would tell me that I have watched too much Firefly and Stargate
Lots happening guys. I have my target set for the futures if it gets there.
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Just tested GDAX bitcoin sending, worked without fees, save 10+ dollars. this is awesome!
I am an idiot. moved out of litecoin at $100 to hop on bitcoin when it was skyrocketing to 20kā¦and now im watching litecoin doubleā¦
Inputs on long term growth of litecoin vs bitcoin? Google searches for litecoin have exploded even more so than bitcoin. Wondering if i should take a small loss on my bitcoin to get back into litecoin. Its where I invested initially because it seems like it will win long term vs bitcoin
Iām going to keep buying LTC simply based on price and access in coinbase.
I had a limit order to sell some LTC when it hit $200 with a plan to buy back in on a dip but the way itās going up I got scared and just canceled it.
Coinbase ws a nightmare to setup for me as well. Only thing I can think is that Iām a Jr and there was a mismatch between the way it was formatted on my license and my bank account.
Finally verified on Saturday only to find out I have a shitty $250/week limit. I added a CC and itās a $50/week limit for that. Once I buy x amount it goes up but those are crazy low limits.
Bitcoin swings around enough that using a stop limit even with fees isnāt bad to avoid losing your ass.
Problem there is I have set a really low floor had it cell and luckily was awake at 5-6 am to buy back in super low.
How are my limits so high? I just got started in this on 12/2 and my Coinbase weekly bank limit is already $7500 to buy and $15000 to sell. All I did was open the account, link in my M&T account and do the webcam driverās license + selfie thing Saturday morning when I finally got it to work using my laptop and itās webcam. I linked in my Visa over the weekend but that didnāt change anything. Iāve transferred less than $2k from my bank. Gdax shows the same $7500 buy limit from my bank but a $10k sell limit to my bank.