Topic: Recommendations on established trading sites, trust issues and excess miners (Read 603 times)
January 26, 2014, 03:58:32 PM
Only put very small amounts of BTC on them.
January 26, 2014, 02:43:18 PM
Hi, I’m new to Bitcoin and digital currencies in general and looking for some advice. I started playing with GUIMiner, CFMiner and BFGMiner back n Nov after purchasing some USB ASIC miners, not to really be serious about mining as I’m fully aware of the difficulty issues, but I did this so I could learn more about how the process works. I also have started paying more attention to crypto currency news sites.
That said while part of me wants to start purchasing some altcoins I’m a bit hesitant. With buying bitcoins as an investment option I justify the purchase through say Coinbase since they are physically located near me. However, when it comes to alt coins I take a look at sites like CEXIO, Vircurex, mxcNOW, etc and they’re so anonymous I honestly don’t feel comfortable transferring BTC to them waiting a few days for it to go through and then pushing it back to my own personal wallets. Granted at some point there needs to be some level of “trust” I just don’t have that yet.
My idea has been to take the RPG items I sell on various outlets and setup a site that can take the payments in various currencies. However looking at Wordpress Plugins everything seems to be setup for BTC and I can’t find anything on LTC or Peercoin, etc.
So finally the point of all this TLDR:
That said while part of me wants to start purchasing some altcoins I’m a bit hesitant. With buying bitcoins as an investment option I justify the purchase through say Coinbase since they are physically located near me. However, when it comes to alt coins I take a look at sites like CEXIO, Vircurex, mxcNOW, etc and they’re so anonymous I honestly don’t feel comfortable transferring BTC to them waiting a few days for it to go through and then pushing it back to my own personal wallets. Granted at some point there needs to be some level of “trust” I just don’t have that yet.
My idea has been to take the RPG items I sell on various outlets and setup a site that can take the payments in various currencies. However looking at Wordpress Plugins everything seems to be setup for BTC and I can’t find anything on LTC or Peercoin, etc.
So finally the point of all this TLDR:
- What does the community here recommend for processing payments of digital currencies online?
- How do I get over my trust issues with buying altcoins from “established” sites?
- Also, what should I do with these ASIC USB miners now?
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