Ah my mistake. I have my wallet set to show euros. So its 399 euros i have. Going off xe site thats 472 dollars. Still not 500 but least i know near it.
Maybe course for euro in this app is different from google course. But it is only my opinion.
Topic: Buying Bitcoin Noob question!! (Read 344 times)
Maybe course for euro in this app is different from google course. But it is only my opinion.
I can understand your problem this way when you buy the bitcoin price at that time is $ 500 after you buy the price it will be $ 300 because bitcoin is a coin unlike gold or any money Anyway it's thirsty it can fluctuate quite large price in short time. This should draw experience when buying bitcoin should see where it is if it is too high, do not buy and you will buy it at a lower price. Good luck 
Amount of coins in your wallet will not change (if you don't send/receive coins) but the value of the coins in usd is constantly changing. So what you see is the current value. My guess is that this transaction was so expensive because it was bank transfer which is costly by default.
so my question is what is the most economical way to buy bitcoin as i came to know from the above post that bank transfer is a costly one.I would say https://localbitcoins.com/ is probably the cheapest way to buy bitcoin. You can also try to find someone who will sell you a paper wallet with the amount that you want, in this case you don't pay any additional fees, you just need to swipe the paper wallet to your own wallet and funds are there.
I just used my Myselium app (wallet) to buy 500 dollars of BTC. The charges on top was 50 dollars. So spent 550 dollars.
Now i have the BTC on mywallet and its saying its worth only 399 dollars. Is this right? Have i been ripped off by using the buy/sell option inside Myselium app?
Thanks in advance from a total noob
The charges were premium one man, i would never pay such high charges, instead i would buy LTC which is low cost when it comes to transact, but don't mind i am not recommending you LTC but just taking analogy. The rates that you paid as fee is too much IMO. Now i have the BTC on mywallet and its saying its worth only 399 dollars. Is this right? Have i been ripped off by using the buy/sell option inside Myselium app?
Thanks in advance from a total noob
why??? is transfer or exchange cost that much... I hope not, because the transfer only took digitally only, hope that they will not charge that much... I am so eager to have mine to exchange to our local currency soon....
Amount of coins in your wallet will not change (if you don't send/receive coins) but the value of the coins in usd is constantly changing. So what you see is the current value. My guess is that this transaction was so expensive because it was bank transfer which is costly by default.
so my question is what is the most economical way to buy bitcoin as i came to know from the above post that bank transfer is a costly one.
Amount of coins in your wallet will not change (if you don't send/receive coins) but the value of the coins in usd is constantly changing. So what you see is the current value. My guess is that this transaction was so expensive because it was bank transfer which is costly by default.
localbitcoins.com can be most appropriate place for buying BTC with tons of offers which you can choose from, but still can be risky, so be careful.
After paying 50 dollars in fees to buy 500 dollars worth of btc via my Mycelium wallet im reckoning there must be better deals going with lower fees. I want to buy an actual whole bitcoin. Anyone know the best place?. Im based in Spain but also have UK accounts. Thanks in advance.
Ah my mistake. I have my wallet set to show euros. So its 399 euros i have. Going off xe site thats 472 dollars. Still not 500 but least i know near it.
Everything you mentioned happened in the same moment? I mean, just after buying, you had 399$? because It's very likely that the price changed after you bought. Mycelium offer three options to buy/sell bitcoin, using credit card, bank account with Glidera and with other Mycelium users, so which one you used? If it was one of the two first options, you may want to contact them directly.
I just used my Myselium app (wallet) to buy 500 dollars of BTC. The charges on top was 50 dollars. So spent 550 dollars.
Now i have the BTC on mywallet and its saying its worth only 399 dollars. Is this right? Have i been ripped off by using the buy/sell option inside Myselium app?
Thanks in advance from a total noob
Now i have the BTC on mywallet and its saying its worth only 399 dollars. Is this right? Have i been ripped off by using the buy/sell option inside Myselium app?
Thanks in advance from a total noob
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