Exchange markets for altcoin | Bitcointalksearch.org

dnadave83

newbie

Activity: 43

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Quote from: Xavier59 on October 28, 2016, 07:00:56 AM

1) Go to kraken and deposit USD|EUR
2) Buy bitcoins on kraken
3) Withdraw your bitcoins from kraken to Poloniex (biggest altcoins volume market)

When you want to cash-out :

4) Sell all your altcoins on Poloniex for bitcoins
5) Withdraw your bitcoins from poloniex to kraken
6) Sell your bitcoins on kraken
7) Withdraws your $$ from kraken

I was thinking off this but if say BTC dropped massively you could loose the value off your Altcoins when converting them to to BTC then to dollars. I thought what if you convert your altcoins to USDT as that matches the doller then convert the USDT to USD?? i might be wrong im still new to this

rapazev

full member

Activity: 210

Merit: 100

Quote from: Bushuqa on October 28, 2016, 08:35:03 AM

I did check those buy it seems that kraken takes huge fees when you deposit usd as well when you cash out.They have a 15$ minimum fee both ways.
That seems like a lot, are there any smarter alternatives?

that depends... there are a lot of places to do that but your country might have the same problems as coinbase.

Quote from: Bushuqa on October 28, 2016, 06:56:45 AM

And second i am not a fan of the fact that they have to mane your private keys which is the whole reason many of these got hacked.

that isnt a problem... just dont hold your bitcoins there. buy and send to somewhere safer.

in my country i've found good options but i dont know where are you from so it's hard to help, you should try localbitcoins, xapo, changer, or even poloniex(buying tether at their website and sending USDT to poloniex)

glerant

sr. member

Activity: 565

Merit: 316

Quote from: Bushuqa on October 28, 2016, 02:11:34 PM

yes, but ast stated above they also take 15$ minimum fee both on deposit as well on cash out..

You don't say where you live in Europe. In UK there are services like https://bittylicious.com that don't charge deposit fees when exchanging GPB for BTC. They will also let you do small amounts without verification initially. I imagine there are similar all over Europe. You could also buy Guilden for Euro direct from their site and then trade on exchanges.

Edit: Just checked bittylicious and they do take euros via SEPA bank payments.

I have used bittylicious numerous times and never had an issue. (You do need to use a bank account with the exact name you gave on the signup though or they will block the trade and refund your payment).

g3rszpi

hero member

Activity: 728

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maybe yobit? afaik you can deposit and withdraw usd

bbc.reporter

legendary

Activity: 3122

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@Bushuqa. Maybe the exchange you are looking for is BTCe. Even under their anonymity they have been proven as one of the most trustworthy exchanges around. Identification verification should be easier with them if they ask for it.

OpenTalkLab

sr. member

Activity: 280

Merit: 250

I think you should use Kraken exchange site for that.But you can withdraw your bitcoin from exchange sites and then use a reputable bitcoin/usd site to withdraw like Circle.

But i think using kraken will be the best idea.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: Bushuqa on November 02, 2016, 08:06:03 AM

Quote from: Xavier59 on October 28, 2016, 07:00:56 AM

1) Go to kraken and deposit USD|EUR
2) Buy bitcoins on kraken
3) Withdraw your bitcoins from kraken to Poloniex (biggest altcoins volume market)

When you want to cash-out :

4) Sell all your altcoins on Poloniex for bitcoins
5) Withdraw your bitcoins from poloniex to kraken
6) Sell your bitcoins on kraken
7) Withdraws your $$ from kraken

thank you,

i did deposit euro with Kraken, now the question is:
how can i avoid keeping my money/bitcoin etc in these online exchange markets as i have seen that they are not that secure.
Is there a way to trade on poloniex but still keep my bitcoin in my own wallet?
or how a good/safe trading procedure would look like (broken down on steps) considerint that now i have euro on kraken. how to i get to trade on poloniex but keep the bitcoin/altcoin safe
and yeah..

how do you keep your other altcoins safe?(avoiding online wallets)

Downloading your electrum and make a schedule for yourself about for sending back your amount into your offline wallet, that's the best option in this time for keep your money are safe. there is no other's way. if you are already sending your amount into the online wallet and it's mean you already trust your amount for the 3rd parties.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: Bushuqa on November 02, 2016, 08:06:03 AM

Quote from: Xavier59 on October 28, 2016, 07:00:56 AM

1) Go to kraken and deposit USD|EUR
2) Buy bitcoins on kraken
3) Withdraw your bitcoins from kraken to Poloniex (biggest altcoins volume market)

When you want to cash-out :

4) Sell all your altcoins on Poloniex for bitcoins
5) Withdraw your bitcoins from poloniex to kraken
6) Sell your bitcoins on kraken
7) Withdraws your $$ from kraken

thank you,

i did deposit euro with Kraken, now the question is:
how can i avoid keeping my money/bitcoin etc in these online exchange markets as i have seen that they are not that secure.
Is there a way to trade on poloniex but still keep my bitcoin in my own wallet?
or how a good/safe trading procedure would look like (broken down on steps) considerint that now i have euro on kraken. how to i get to trade on poloniex but keep the bitcoin/altcoin safe
and yeah..

how do you keep your other altcoins safe?(avoiding online wallets)

you can trying offline wallet or use android phone as bitcoin wallet for all or half of your bitcoin or you can spread all of your bitcoin. you can trade on poloniex for half of your bitcoin and the rest you can hold it on your own wallet. first, you need to buy bitcoin on kraken but wait for low price first and after you have your bitcoin, then you can withdraw it into poloniex bitcoin wallet and then you can start to trade in poloniex with btc-usd or btc-alt.

i will install offline wallet in my pc and i already did this for now and i still holding some of coins in my offline wallet in my pc.

Bushuqa

newbie

Activity: 58

Merit: 0

Quote from: Xavier59 on October 28, 2016, 07:00:56 AM

1) Go to kraken and deposit USD|EUR
2) Buy bitcoins on kraken
3) Withdraw your bitcoins from kraken to Poloniex (biggest altcoins volume market)

When you want to cash-out :

4) Sell all your altcoins on Poloniex for bitcoins
5) Withdraw your bitcoins from poloniex to kraken
6) Sell your bitcoins on kraken
7) Withdraws your $$ from kraken

thank you,

i did deposit euro with Kraken, now the question is:
how can i avoid keeping my money/bitcoin etc in these online exchange markets as i have seen that they are not that secure.
Is there a way to trade on poloniex but still keep my bitcoin in my own wallet?
or how a good/safe trading procedure would look like (broken down on steps) considerint that now i have euro on kraken. how to i get to trade on poloniex but keep the bitcoin/altcoin safe
and yeah..

how do you keep your other altcoins safe?(avoiding online wallets)

Bushuqa

newbie

Activity: 58

Merit: 0

yes, but ast stated above they also take 15$ minimum fee both on deposit as well on cash out..

alyssa85

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Quote from: Bushuqa on October 28, 2016, 11:05:25 AM

Quote from: FifthGhostbuster on October 28, 2016, 08:49:21 AM

Try circle.com after a few transaction they will increase your buy limit to 3000 usd and you can use a debit card.

do they have lower fees that coinbase?

ps: i live in Europe

If you live in Europe, use Kraken. They allow SEPA deposits in Euros.

Cryptotraider16

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Activity: 420

Merit: 250

http://www.leocoinapp.com/

Quote from: Xavier59 on October 28, 2016, 07:00:56 AM

1) Go to kraken and deposit USD|EUR
2) Buy bitcoins on kraken
3) Withdraw your bitcoins from kraken to Poloniex (biggest altcoins volume market)

When you want to cash-out :

4) Sell all your altcoins on Poloniex for bitcoins
5) Withdraw your bitcoins from poloniex to kraken
6) Sell your bitcoins on kraken
7) Withdraws your $$ from kraken

He explain you real good and then you can go on exchnage you want to buy coin you want..
i buy LEOcoin only on livecoin.net

Bushuqa

newbie

Activity: 58

Merit: 0

Quote from: rapazev on October 28, 2016, 12:09:37 PM

you can sell it at poloniex for usdt and then swap usdt for usd at tether website.
too much work? you can always use okcoin, kraken, changer and others... it isnt hard to find.

kraken takes huge fees when you deposit usd as well when you cash out.They have a 15$ minimum fee both ways. for me that seems like a lot.
How do the rest of them compare in terms of fees?

rapazev

full member

Activity: 210

Merit: 100

you can sell it at poloniex for usdt and then swap usdt for usd at tether website.
too much work? you can always use okcoin, kraken, changer and others... it isnt hard to find.

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: Bushuqa on October 28, 2016, 06:56:45 AM

I have a tough time understanding something: I can trade cryptocurrencies using poloniex but i can not actually trade directly with usd. So where do you go first if you have usd trying to buy bitcoin/altcoin. And where do you go if you want to chash out some bitcoin/altcoin into usd?
I tried coinbase but they have a problem with paper verification in my country therefore i can not exchange usd into crypto. And second i am not a fan of the fact that they have to mane your private keys which is the whole reason many of these got hacked. What i trying to understand is what would a good, safe , low fees "workflow" look like?
ex: you go here exchange usd into.... then you go here trade.. then you go here and exchange crypto back into usd and cash out.
If i have missed anything from this pseudo structure please let me know.

Thank you for your help

OK,

You confused me.
Coinbase has a problem with paper verification in your country?
Do you mean your ID?
Details?

What Country are you in?
And what is the default currency there?

Cool

Bushuqa

newbie

Activity: 58

Merit: 0

Quote from: FifthGhostbuster on October 28, 2016, 08:49:21 AM

Try circle.com after a few transaction they will increase your buy limit to 3000 usd and you can use a debit card.

do they have lower fees that coinbase?

ps: i live in Europe

alyssa85

legendary

Activity: 1652

Merit: 1088

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Quote from: Bushuqa on October 28, 2016, 08:35:03 AM

I did check those buy it seems that kraken takes huge fees when you deposit usd as well when you cash out.They have a 15$ minimum fee both ways.
That seems like a lot, are there any smarter alternatives?

If you are American and are depositing dollars, you are better off using Coinbase. you can link your bank account to your coinbase account and then do a direct deposit in the normal way.

ipanks

hero member

Activity: 1610

Merit: 507

i think if you only have usd, then you need to find person around you that selling his bitcoin because its safe than you buy from exchange and the process is not complicated. then after you have bitcoin in your wallet for this situation i think you need to install android bitcoin wallet then you can directly trade in any of exchange market and buy altcoin directly.

FifthGhostbuster

full member

Activity: 153

Merit: 100

Try circle.com after a few transaction they will increase your buy limit to 3000 usd and you can use a debit card.

Bushuqa

newbie

Activity: 58

Merit: 0

I did check those buy it seems that kraken takes huge fees when you deposit usd as well when you cash out.They have a 15$ minimum fee both ways.
That seems like a lot, are there any smarter alternatives?

Topic: Exchange markets for altcoin (Read 1240 times)