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Bitcoin ATMs? (8% fee)
LocalBitcoins.com? (Is this safe? How are the prices?)
Are there any other private methods of buying either Bitcoin or altcoins?
And what about selling? Selling privately sounds even more difficult. (And I don't trust Tether enough to hold my funds in it).
LocalBitcoins.com? (Is this safe? How are the prices?)
Are there any other private methods of buying either Bitcoin or altcoins?
And what about selling? Selling privately sounds even more difficult. (And I don't trust Tether enough to hold my funds in it).
I usually do my transfers between exchanges via Litecoin or ETH.
Bitcoin transactions is now around 1-5 sats/byte but still some fraud exchanges and wallets charges you called ''network fee'' which is totally lie.
Be careful about other alternative coins. Cause they may stuck for a while at the current days.
Bitcoin transactions is now around 1-5 sats/byte but still some fraud exchanges and wallets charges you called ''network fee'' which is totally lie.
Be careful about other alternative coins. Cause they may stuck for a while at the current days.
Because it's faster?
Is it worth doing this? You pay more in fees, right? Are the fees nominal?
I think the coin I want to buy is sold as a BTC pair on Binance. Should I just send BTC from GDAX to Binance? If so, how long can I expect this to take?
Might it be better to send Litecoin to Binance... and then to convert it to BTC once it gets there? Or would I get crushed in fees?
Might it be better to send Litecoin to Binance... and then to convert it to BTC once it gets there? Or would I get crushed in fees?
Can I create a new version of "Bitcoin"? Or are there copyright laws?
Can I create a new coin with the name "Bitcoin" in it? (Bitcoin Moon, Bitcoin Lambo, etc). Or are there copyright laws that prohibit this?
Also, if I am allowed to use the name Bitcoin, am I required to make a fork from the original code? Or can I use whatever code I want?
Also, if I am allowed to use the name Bitcoin, am I required to make a fork from the original code? Or can I use whatever code I want?
Re: Once a coin is created, can it be converted to a different platform?
Edit: When you say "create" you are mining? Also, I have no experience with Waves directly.
No, I am literally the creator of the coin. The man who dreamt-up the idea.
Once a coin is created, can it be converted to a different platform?
For example, if I were to create a coin on the Waves platform, and then Waves were to go out of business, would I be able to move the coin to the Ethereum platform?
Or once you choose a platform, are you pretty much stuck with it?
Or once you choose a platform, are you pretty much stuck with it?
What are the advantages & disadvantages of the various coin-creation platforms?
Ethereum? Waves? Others? If you want to create a new coin, there seem to be so many platform options to choose from. What are the advantages and disadvantages of each platform?
Things to consider...
1) Ease of creation / Ease of use
2) Wallet options
3) Startup costs
4) Ongoing costs
5) Mining difficulty
6) Ease of getting listed on an exchange
7) Smart contract / Programmability options
8] Support
I'm sure I forgot to mention other considerations...
Things to consider...
1) Ease of creation / Ease of use
2) Wallet options
3) Startup costs
4) Ongoing costs
5) Mining difficulty
6) Ease of getting listed on an exchange
7) Smart contract / Programmability options
8] Support
I'm sure I forgot to mention other considerations...
And to get listed on exchanges you will need to spend a lot of money.
Really? Do most charge to get listed? I would think they'd want to list a popular coin since they make money on the fees.
I guess I have a few questions...
1) Are some platforms better or more trustworthy for creating new crypto currencies? Any recommendations?
2) I want this currency to have a fixed circulating supply. Does this mean that my coin should not be mineable? (I don't really know how mining works). Any recommendations?
3) My coin will mainly function as a currency. I was going to use the ETH20 protocol because hardware wallets seem to easily support it. Would there be any advantage to using a different protocol?
4) I'd like to eventually get listed on Bittrex, Poloniex, etc. Does this mean I need to avoid certain coin creation platforms? Any recommendations?
Thanks!
1) Are some platforms better or more trustworthy for creating new crypto currencies? Any recommendations?
2) I want this currency to have a fixed circulating supply. Does this mean that my coin should not be mineable? (I don't really know how mining works). Any recommendations?
3) My coin will mainly function as a currency. I was going to use the ETH20 protocol because hardware wallets seem to easily support it. Would there be any advantage to using a different protocol?
4) I'd like to eventually get listed on Bittrex, Poloniex, etc. Does this mean I need to avoid certain coin creation platforms? Any recommendations?
Thanks!
Re: Is it worth using Binance's coin to trade with when using Binance?
I can say Im a fan of binance in just a month using it.
To sum it up, you have now BTC and small amount of BNB. You can then use your BTC to purchase your favorite coins while the BNB being deducted with the fees.
I hope you dont get it wrong. The purpose of purchasing BNB is to reduce the fees when you are trading using the binance platform. Whatever altcoins you trade, as long as you have enough BNB, then you can enjoy the purpose of BNB. It does not necessarily mean you only trade BTC to BNB or vice versa.
Another advantage of using BNB:
When you buy something in binance exchange, you are subject to a 0.1% trading fee. If you are not using BNB for trading fees, the fee will be deducted to your purchased coin. So if youre buying 500 Xcoins, you will receive only 499.5 Xcoins. You have to know also that some coins in binance cant be sold in decimals. Please refer here https://support.binance.com/hc/en-us/articles/115000594711-Trading-Rule. So with that, you can probably sell only the 499 Xcoins, leaving the 0.5 Xcoins as dust.
If you are using BNB when purchasing this Xcoin, you will receive the full 500 Xcoins and only the BNB being deducted for fees. You can then sell the full 500 when the perfect time comes leaving no dust.
From what I can tell, fees are reduced if you use Binance's coin (BNB) to execute trades on Binance. Is it worth doing this?
Of course yes. Though they have one of the cheapest fees, it can even go cheaper by 50% when using BNB. Thats pretty cool especially if you are trading with large amounts.(I just sent some BTC over to Binance to buy something with -- should I first convert my BTC to BNB before making my purchase?)
You just need to purchase enough BNB to cover your future needs. Like me, I only bought 1.88 BNB and even if I had trade for few times, I still have around 1.8 BNB, so I only paid almost 0.08 BNB for those trades. Now that you have your BNB, you can switch on in your profile to use BNB as your trading fees.To sum it up, you have now BTC and small amount of BNB. You can then use your BTC to purchase your favorite coins while the BNB being deducted with the fees.
Also, are there fees for trading BTC for BNB on Binance? If they charge you to convert your currency to BNB, it seems like it would defeat the purpose of trading for BNB in order to reduce fees.
Yes, there are still fees.I hope you dont get it wrong. The purpose of purchasing BNB is to reduce the fees when you are trading using the binance platform. Whatever altcoins you trade, as long as you have enough BNB, then you can enjoy the purpose of BNB. It does not necessarily mean you only trade BTC to BNB or vice versa.
Another advantage of using BNB:
When you buy something in binance exchange, you are subject to a 0.1% trading fee. If you are not using BNB for trading fees, the fee will be deducted to your purchased coin. So if youre buying 500 Xcoins, you will receive only 499.5 Xcoins. You have to know also that some coins in binance cant be sold in decimals. Please refer here https://support.binance.com/hc/en-us/articles/115000594711-Trading-Rule. So with that, you can probably sell only the 499 Xcoins, leaving the 0.5 Xcoins as dust.
If you are using BNB when purchasing this Xcoin, you will receive the full 500 Xcoins and only the BNB being deducted for fees. You can then sell the full 500 when the perfect time comes leaving no dust.
I must have this wrong. Let's say I want to buy $1000 dollars worth of Bitcoin, but I don't want to pay the 0.1% trading fee. So I buy BNB instead.... and when I do, I get hit with a 0.1% trading fee. So... I have saved nothing.
...and then I go trade my BNB for BTC, and I'm charged an additional 0.5% on that trade. I must have something wrong. Where do I have things wrong?
Re: Is it worth using Binance's coin to trade with when using Binance?
⭐ Merited by OgNasty (1)
From what I can tell, fees are reduced if you use Binance's coin (BNB) to execute trades on Binance. Is it worth doing this? (I just sent some BTC over to Binance to buy something with -- should I first convert my BTC to BNB before making my purchase?)
Also, are there fees for trading BTC for BNB on Binance? If they charge you to convert your currency to BNB, it seems like it would defeat the purpose of trading for BNB in order to reduce fees.
Also, are there fees for trading BTC for BNB on Binance? If they charge you to convert your currency to BNB, it seems like it would defeat the purpose of trading for BNB in order to reduce fees.
I believe it reduces the fees with ~50%, ( this includes the maker fees only? etcetera i believe.) ( 0.10% vs 0.05%) So yes, i'd say it would be a pretty smart move to do that.
You can read a bit more about it here, https://steemit.com/crypto/@therealwolf/bnb-and-binance-explained, or simply google it.
0.10% seems like such a tiny fee to begin with -- I don't have much problem paying it. That is like... 10 cents for every $100 dollars traded, right?
Also, do they charge you this fee when you buy the Binance coin? If so, doesn't that defeat the purpose?
Is it worth using Binance's coin to trade with when using Binance?
From what I can tell, fees are reduced if you use Binance's coin (BNB) to execute trades on Binance. Is it worth doing this? (I just sent some BTC over to Binance to buy something with -- should I first convert my BTC to BNB before making my purchase?)
Also, are there fees for trading BTC for BNB on Binance? If they charge you to convert your currency to BNB, it seems like it would defeat the purpose of trading for BNB in order to reduce fees.
Also, are there fees for trading BTC for BNB on Binance? If they charge you to convert your currency to BNB, it seems like it would defeat the purpose of trading for BNB in order to reduce fees.
Does a paper wallet that was created need to be activated somehow?
I recently created a bunch of paper wallets by downloading software and creating some addresses while I was offline. That said, do I now need to activate these addresses somehow? (I guess I'm kind of wondering how the exchanges will know that my addresses actually exist if I created them while I was offline).
I suppose you could also try to find someone to send you like a $1.00 worth of Ripple to your address for your paper wallet.
I just created a new paper wallet for Ripple using Rippex software. But before I transfer money to my new Ripple address, I want to make sure the address is valid. (It would also be great if I could verify that my private key works with it).
So... is there any way for me to test my new wallet to make sure that it's valid and functional?
So... is there any way for me to test my new wallet to make sure that it's valid and functional?
It won't as these exchanges usually don't really take your I.P as a proof, they will ask you for your ID and residence but If that's not the case, you should be fine.
Some exchanges don't even require you to have an account to exchange with them. Shapeshift.io and Changer.com don't require an account.