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Topic: Keep your fiat at hand in order to buy new bitcoin (Read 2208 times)

hero member
Activity: 980
Merit: 506
If you have an account with a linked card, it shouldn’t take too long. If you want to buy BTC as fast as you can, link your bank card and fund the account with dollars. Keep them on the account until the right time to buy Bitcoins. It will be done instantly.
Even if you're bank card is not connected with your account, you can still buy Bitcoins within seconds if you have great savings. Not only capital is required to grab Bitcoins but the right time is also essential for buying Bitcoins at right price. Obviously it is going to cost you much more if you will go for Bitcoins during the pumping phase.
hero member
Activity: 714
Merit: 500
Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !
Just simple.I use localbitcoins.com to buy bitcoins by just transferring my money from bank account to the seller's account and immediately,i get my new bitcoins in my wallet.It gets completed instantly.I have not yet tried any other platforms to buy bitcoins with fiat money.
sr. member
Activity: 882
Merit: 282
Op you are right the best time to buy bitcoin is when the price is extremely low and the market capitalization is a bit high. Now is the most right time for long term investment. If you can put $1000 dollars into some coins you may have a very high return on your investment in 4-5 years to come. Bitcoin at $3400 is still undervalued and I am expecting it to go as high as $10000.
member
Activity: 113
Merit: 10
If you have an account with a linked card, it shouldn’t take too long. If you want to buy BTC as fast as you can, link your bank card and fund the account with dollars. Keep them on the account until the right time to buy Bitcoins. It will be done instantly.
copper member
Activity: 1330
Merit: 899
🖤😏
Almost every bank around the world has this waiting period other than credit cards/paypal, but again not every company accepts them, I have no such problem, I just open my local exchange the one I use with my family members and just click on buy put my Bitcoin addy then it'll depend on how fast I can insert my credentials for my bank account in the specific bank gateway site and after paying it just automatically comes to my wallet with one big difference, they sell very expensive I mean even if price rises by 25% you will never be able to buy/sell in there for profit gaining purposes but you can just buy and sell fast like if market price is $2470 you could buy @ $2550 and sell @ $2430.
Anyways nowadays all you need is to have some Bitcoins stashed somewhere to act fast when opportunity presents itself.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
For a fact that there is always the waiting element with Bank wires I always avoid them and try to use funding methods which are close to instant and will not worry me about getting the best market price.
The way you keep your bitcoins should be your main concern and not the way you keep your fiat.
sr. member
Activity: 560
Merit: 250
I think you can try use USDT on exchange site for keep your money, the rate same USD with ratio 1:1. I usually use USDT for waiting the price BTC fall down and buy again. Other choice you can use Paypal or Perfect Money to buy Bitcoin in site auto exchange as Changer.com Smiley
sr. member
Activity: 686
Merit: 250
At coinbase you have to options to do this. You either "top" your account timely and just wait to buy in, or buy via credit card and that his pretty fast. The only "hassle" is the identity conformation but that is almost universal when you mix cryptocurrencies with bank accounts and Fiat.
full member
Activity: 266
Merit: 103
Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !

Not sure how it works on bitcoin exchanges but I trade a lot of stocks and just keep my cash in my brokerage account. If I want to invest more money, I deposit more into my brokerage account. I'd recommend doing something similar but don't deposit money too often - it's usually better to just invest with the money you have in there. It helps with managing risk. It helps prevent you from investing more than you can afford to lose.
hero member
Activity: 924
Merit: 506
Not one question but 2 and here we go with so many answers, who would've thought? Cheesy it really sucks when you want to quickly buy something and you'd have to wait hours or worse for days to receive the cash, my problem is not about depositing fiat but depositing bitcoin, so many times I've seen some low price coins but by the time my bitcoins arrive I lose the opportunity and I hate it for this to happen.
If you are a pro trader then you should always have some coins/fiat in a few exchanging platforms, never withdraw portion of your cash.
hero member
Activity: 826
Merit: 502
Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !
For an emergency when I think that it is a right time to buy bitcoin now and when for that I am not able to wait for longer then I search for someone on local bitcoin or search for any of my friend to send me bitcoin and I pay him cash by hand or banks transfer.
legendary
Activity: 3080
Merit: 1500
Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !

I usually don't buy bitcoins using my salary income so I have never used a wire transfer to any exchanges. However, I have used localbitcoins website quite an few times. It is a trading platform where you will receive offers from many local sellers. If you like someone's offer, you can straight away transfer the amount to their bank account and they will send the bitcoin to your bitcoin address.

localbitcoins website has a very good escrow feature so you can actually keep your amount to the escrow account until the bitcoin is received at your end. I have used their service and I am happy with it. So instead of sending wires to a exchange, you may try this website. However, always check a seller's rating before you start trading with them.
full member
Activity: 149
Merit: 100
Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !

Yes if I have cash I'm not using I usually transfer it straight to an exchange and sometimes I wait a while before I finally decide to buy. In my experience though for SEPA it is sometimes done within the same day.
hero member
Activity: 3080
Merit: 603
Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?
Yes, I do keep my fiat on exchange platform so that there's no hassle if you want to buy new bitcoins. After selling it is automatically goes to other wallets which only holds fiat and I don't cash it out if I don't have to. I'm keeping my fiat at a local exchanger and it is authorized by the central bank of our country so it's trusted.
sr. member
Activity: 378
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !

You need to use an exchange like Poloniex, Bittrex, etc. that lets you make quick/immediate transactions from cryptocurrencies to fiat. The exchange you use takes to long. I have used Coinbase to initially buy my bitcoins but I transfer to Poloniex to trade. I don't trade from Coinbase in terms of short term trading. Once you get to a trading exchange, you can trade many different trading pairs (if the exchange is set up for it).
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !

I suggest that you keep some USDT coins at hand just in caes you want to trade some for bitcoin for cheap.

However, keep the majority in your bank account because USDT's value depends solely on whether the company is paying out withdrawals or not. If bitfinex has another hack(bitfinex is the parent company of usdt, pretty sure), then your funds are going to be in danger. Though the advantages of having usdt instead of fiat in your bank is that you'll be able to get almost instant deposits onto exchanges.

Another way is just storing it on an exchange, as you said, but imo that's even riskier than USDT.

So your  advice to keep his funds secure is a coin that you acknowledge yourself is a riscky altcoinshitscam.

Best way to negate the risk would be to go with multiple exchanges if you really want to have money at your disposal at any given time.
But as in the previous post, think twice about the gains and the risks.




sr. member
Activity: 630
Merit: 251
I seperate $400 from my monthly salary to save more bitcoin. In other words, I spend fiat monet to purchase more bitcoin every month.
Right good job and continue this way of saving bitcoin. Therefore suppose  if you can't save money in bitcoin and can keep in own pocket then I think in your money will be wasted . So I think you take a good and brilliant decision about your money to save  in bitcoin, I hope saving your money in bitcoin will be very secure and beneficial.
sr. member
Activity: 1330
Merit: 291
The right time! I believe to buy any crypto currency at a lower price than the current market value particularly bitcoin is anything from five days to 1st August for the price may likely decrease as a result panic of what the outcome of 1st August. Although this is my personal opinion which may not likely happen as protected.
hero member
Activity: 2912
Merit: 642
Yes but here is the problem... When it goes below 2000 $ I want to be ready to buy it. The problem is I don't trust an exchange platform to keep my fiat currency...

Well you dont have a choice but to buy it already if you are doubting one exchange. And since you have a problem with your SEPA.
Waiting for it to go back below $2000 will take a lot of time and what if it goes up?
You better decide already and buy that bitcoin at the right time.
Who knows? What if now is the right time?
sr. member
Activity: 756
Merit: 251
I would suggest not to keep your fiat doing nothing in your chosen trading platform. Buy BTC now, the price is quite low. And even if it is high right now the prediction this 2017 is very bright. There is actually no other way the year ends but with a high BTC price. For sure it will go beyond $3,000 per bitcoin.
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