Topic: Selling - help needed! (Read 345 times)
Thanks Jet Cash, I managed to get some sold so I won't sell any more just at the minute. Will be keeping a close eye on things and will let you know if I change my mind.
Exactly my fears considering I myself am at a huge loss at the moment as my purchase price beats the current price hands down
You aren't making a real loss until you sell. I'm buying with a view to holding my coins until after 2020. This means that a price drop represents another chance to buy coins.
I see it has taken another dive, and I think it's time I returned to price averaging.
It's really some shitshow right now as regards the bitcoin price really,and I honestly am in doubt as to whether I can handle the pressure for much longer because it still seems to have more downside potential.
Exactly my fears considering I myself am at a huge loss at the moment as my purchase price beats the current price hands downNot to talk of the shitcoins I currently own,all are really worth as little as nothing right now..
I see it has taken another dive, and I think it's time I returned to price averaging.
I can buy £100-£200 of Bitcoin right now. I don't want to buy more, because it still seems to have more downside potential.
I can buy £100-£200 of Bitcoin right now. I don't want to buy more, because it still seems to have more downside potential.
Binance is still one of the best trading platforms I know of, you can sell your BTC on the binance immediately without not need KYC but you can only sell 2 BTC in 24 hours for unverified accounts and for Veritified Credits account you can withdraw 100 BTC in 24 hours
Thanks - I'll keep an eye on it too over the next couple of days.
Sorry I haven't followed up on this. I'm watching the price at the moment.
I'm not sure which way the price is going to break, and I think it may have a bit further to drop over the next couple of days. so I wouldn't want to buy more than £100-£150 of Bitcoin right now.
I'm not sure which way the price is going to break, and I think it may have a bit further to drop over the next couple of days. so I wouldn't want to buy more than £100-£150 of Bitcoin right now.
I need to sort out my claims for forked coins. Maybe I should do it, and blog about the experience. The thing you need to watch is transaction replays, and this is why you need to move coins into a different wallet before claiming the forked coins. There are some good threads about it on the boards here.
How much are you thinking of selling?
How much are you thinking of selling?
Maybe going to sell 2 BTC. Can I just move my BTC from my paper wallet to my Blockchain wallet? Will the BCH disappear during the process or remain in my paper wallet? What are transaction replays? Thanks for your advice. Much appreciated.
Also, could you point me to 'the good threads about moving coins to a different wallet before the claiming the forked coins'?
I need to sort out my claims for forked coins. Maybe I should do it, and blog about the experience. The thing you need to watch is transaction replays, and this is why you need to move coinsinto a different wallet before claiming the forked coins. There are some good threads about it on the boards here.
How much are you thinking of selling?
How much are you thinking of selling?
So still getting ready to sell some BTC!! I am going to import my BTC to a Blockchain wallet but can anyone tell me what I need to do with the Bitcoin Cash that presumably is in there too? Think I was told before to move it to an Electron wallet. Does that mean that when I move the BTC out the BCH will remain in the paper wallet until I move it too?
EDIT: I see that Blockchain.com now seem to deal with BCH too - can I move both the BTC & BCH to there? They say they have suspended BCH services since last Thursday so presumably I can't move them now?
EDIT: I see that Blockchain.com now seem to deal with BCH too - can I move both the BTC & BCH to there? They say they have suspended BCH services since last Thursday so presumably I can't move them now?
Sorry I had to go for most of today. I'm price averaging to HODL Bitcoin, so I'm buying amounts of £100 or so whilst the price is so volatile. It looks as if the price has gone up a bit, so we could have a look tomorrow if you are interested in £100 blocks.
I've got an account with Nationwide, So if you have a UK current account, I can transfer funds in about a minute, and you should be able to monitor this if you have online banking. There is no charge for this.
I've got an account with Nationwide, So if you have a UK current account, I can transfer funds in about a minute, and you should be able to monitor this if you have online banking. There is no charge for this.
Thanks for letting me know. We'll see what tomorrow brings.
Sorry I had to go for most of today. I'm price averaging to HODL Bitcoin, so I'm buying amounts of £100 or so whilst the price is so volatile. It looks as if the price has gone up a bit, so we could have a look tomorrow if you are interested in £100 blocks.
I've got an account with Nationwide, So if you have a UK current account, I can transfer funds in about a minute, and you should be able to monitor this if you have online banking. There is no charge for this.
I've got an account with Nationwide, So if you have a UK current account, I can transfer funds in about a minute, and you should be able to monitor this if you have online banking. There is no charge for this.
by the way, is Blockchain.info now blockchain.com? I don't want to import to a fake site 
The .com is the usual one. The .info was the former domain, and it redirects automatically to .com. What cold storage are you talking about? (paper wallet, physical bitcoin storage, hardware wallet -Ledger Nanos S, Trezor, etc.).
I figure you’re talking about a paper wallet. Coinbase cannot sweep directly your paper wallet, so you’ll have to go through a middle party wallet. Just be very careful with each step of the way, and making sure you use the right URLs and wallet addresses. You may even consider transfering a small amount first to Coinbase (once you've imported your cold wallet) before sending the rest of the funds.
Thanks again. Yes, it's a paper wallet. I'm intending importing to Blockchain & then from there to Coinbase....can I do that?
by the way, is Blockchain.info now blockchain.com? I don't want to import to a fake site
The .com is the usual one. The .info was the former domain, and it redirects automatically to .com. What cold storage are you talking about? (paper wallet, physical bitcoin storage, hardware wallet -Ledger Nanos S, Trezor, etc.).
I figure you’re talking about a paper wallet. Coinbase cannot sweep directly your paper wallet, so you’ll have to go through a middle party wallet. Just be very careful with each step of the way, and making sure you use the right URLs and wallet addresses. You may even consider transfering a small amount first to Coinbase (once you've imported your cold wallet) before sending the rest of the funds.
Edit: Yes, you can import your paper wallet as you intend (Paper Wallet -> Blockchain.com-> Coinbase). Just be very careful reading the instructions on the process on each site, and triple check each step you take.
by the way, is Blockchain.info now blockchain.com? I don't want to import to a fake site
Got that done successfully. My coins are in cold storage. Am I correct in thinking that I can't import them directly to my Coinbase wallet but rather will need to import them to another wallet such as Blockchain.info & from there to Coinbase? Sorry for so many questions but I've never done this before.
<...> Trying to upload my passport photo now but it keeps saying it's too blurry<...>
Check the link I gave you before. It includes guidelines for troubleshooting Id uploading due to factors such as the one you mention. Try moving the laptop to another place, with more natural light. One certain occasions (I’m not sure if it happened to me or not with Coinbase), there was no way to get it right with the PC camera, so I has to use a regular camera and upload the photo instead of take a photo in-situ.
<...>
Coinbase is fine and simple to use, and is one of the entry level most trusted exchanges for FIAT<-> BTC/ETH/LTC. It may not have the lowest fees, but it’s reliable.You need to do KYC (regardless of the amount I believe). See https://support.coinbase.com/customer/en/portal/articles/1220621-identity-verification
Thanks for your reply. Trying to upload my passport photo now but it keeps saying it's too blurry
<...>
Coinbase is fine and simple to use, and is one of the entry level most trusted exchanges for FIAT<-> BTC/ETH/LTC. It may not have the lowest fees, but it’s reliable.You need to do KYC (regardless of the amount I believe). See https://support.coinbase.com/customer/en/portal/articles/1220621-identity-verification
You will be able to transact Bitcoins even without complying with the KYC norms but there will be certain restrictions on transactions if you are a non-verified user. I have been using localbitcoins and I am not a KYC verified user apart from verifying my mobile number and I found it useful. You might give it a try but there are certain traders who do not prefer to trade with non-verified users everything else is fine.
Looking now at Coinbase; I think I can get fiat out there? Not going to Binance if I can't get fiat. Is Coinbase also considered reputable or is any other exchange preferable? There are so many stories about exchanges being hacked that it's a bit scary for a beginner
Why do you just do your self the favour and go and find out personally by logging into binance site do the registration and possibly start trading when you are allowed to do so
If you are in the UK, then I'll buy a small (ish) amount for Sterling, and pay through faster payments. That gives you immediate cash in your bank account. It also means you don't have crypto purchases associated with your fiat account. I use the xe.com price for purchases.
How much do you consider a small (ish) amount?
Firstly to be honest this a questions you would be able to ask and get answers on google
But since you already here
Question 1. It wouldn't take too long for you to be able to sell. But there was a release from binance that they will bring back limited users registration so that to say they will have a limit of user That would be able to register each day.
Question 2. You would be able to sell when your registration is approved.
Question 3. K.Y.C is needed during your verification
Question 4. Binance by trade volume is the top most exchanges but there are other features that other top exchanges can compete with it.
And to your end remark I would advice you to cultivate the habit of browsing the internet first. Google is your friend
But since you already here
Question 1. It wouldn't take too long for you to be able to sell. But there was a release from binance that they will bring back limited users registration so that to say they will have a limit of user That would be able to register each day.
Question 2. You would be able to sell when your registration is approved.
Question 3. K.Y.C is needed during your verification
Question 4. Binance by trade volume is the top most exchanges but there are other features that other top exchanges can compete with it.
And to your end remark I would advice you to cultivate the habit of browsing the internet first. Google is your friend
Believe me I have browsed & browsed and browsed.
Firstly to be honest this a questions you would be able to ask and get answers on google
But since you already here
Question 1. It wouldn't take too long for you to be able to sell. But there was a release from binance that they will bring back limited users registration so that to say they will have a limit of user That would be able to register each day.
Question 2. You would be able to sell when your registration is approved.
Question 3. K.Y.C is needed during your verification
Question 4. Binance by trade volume is the top most exchanges but there are other features that other top exchanges can compete with it.
And to your end remark I would advice you to cultivate the habit of browsing the internet first. Google is your friend
But since you already here
Question 1. It wouldn't take too long for you to be able to sell. But there was a release from binance that they will bring back limited users registration so that to say they will have a limit of user That would be able to register each day.
Question 2. You would be able to sell when your registration is approved.
Question 3. K.Y.C is needed during your verification
Question 4. Binance by trade volume is the top most exchanges but there are other features that other top exchanges can compete with it.
And to your end remark I would advice you to cultivate the habit of browsing the internet first. Google is your friend
If you are in the UK, then I'll buy a small (ish) amount for Sterling, and pay through faster payments. That gives you immediate cash in your bank account. It also means you don't have crypto purchases associated with your fiat account. I use the xe.com price for purchases.
So if Binance doesn't allow me to change BTC to fiat, how can I do it? It is all sooooo complicated & that is why I didn't sell at various other times over the past year. I actually almost regret ever getting involved
Thank you for your replies. So, if I was selling no more than 2 BTC I wouldn't have to provide KYC info at all? My coins are currently in cold storage. I intend to transfer them to a Blockchain wallet & then from there to Binance...does that sound like the right way to do it? Can I also transfer the Bitcoin Cash coins to the Blockchain wallet?
Binance doesn't exchange BTC to Fiat, You will need to look for another option, And you will be asked to through KYC. For the other question it depend on what exchange you will use.
You can register on Binance and sell your BTC immediately. KYC is not necessary to start trading.
With Veritified account, you can withdraw 100BTC per 24h.
With Non-veritified account, you can withdraw 2BTC per 24h.
With Veritified account, you can withdraw 100BTC per 24h.
With Non-veritified account, you can withdraw 2BTC per 24h.
Binance is still one of the best - yes.
You can trade on Binance without KYC but you can t withdraw more than the value of 2 BTC in a 24 hour period without performing KYC.
This was the case when I signed up last year.
You can trade on Binance without KYC but you can t withdraw more than the value of 2 BTC in a 24 hour period without performing KYC.
This was the case when I signed up last year.
I have decided to sell a portion of my BTC. My question is if I register with an exchange like Binance now, how soon should I be able to sell? Should I be able to sell today? Will I have to go through KYC first or will that only come when I ask to withdraw my money? Finally is Binance still of the the best/safest exchanges? I have asked this question in the past but never went on to actually sell & I know things can change with time.
I still intend to hold on to the bulk of my BTC.
Thanks in advance.
I still intend to hold on to the bulk of my BTC.
Thanks in advance.
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