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Showing 7 of 7 results by tkcoin
I assume this question apply to stock market too? Price on coins are different on different Exchange? However the price difference should not be much, and the price change constantly. Therefore I should not worry about it?
Coinbase has high fee.
LocalBitcoins has scammer. Price is set by the seller? It means price could be very different than market?
Seems like many people use Poloniex, Bittrex?
Coinbase has high fee.
LocalBitcoins has scammer. Price is set by the seller? It means price could be very different than market?
Seems like many people use Poloniex, Bittrex?
Not sure if I understand correctly. Say I buy coin from Coinbase / Localbitcoins. If I want to move what I just bought into another wallet, it will be charged?
I also heard when you buy, in general the buy price is about 3% higher than market price. Same when you sell. This mean if I trade at 6% higher, it will only be breakeven minus the fee (unless I keep them in the online exchange wallet)?
Another question is, if I want to keep coins in H/W wallet for safety, I have to consider fee and the time for transaction confirmation which is tired to the fee. If there is a big drop and gain, everyone wants to do the same, the time will take longer even if you choose fast transaction.
I also heard when you buy, in general the buy price is about 3% higher than market price. Same when you sell. This mean if I trade at 6% higher, it will only be breakeven minus the fee (unless I keep them in the online exchange wallet)?
Another question is, if I want to keep coins in H/W wallet for safety, I have to consider fee and the time for transaction confirmation which is tired to the fee. If there is a big drop and gain, everyone wants to do the same, the time will take longer even if you choose fast transaction.
Oh cool, once I get my ledger wallet, will open a LBC account. Thanks.
on LBC, I can't find any seller taking bank transfer. I definitely not sending cash by mail or starbucks card. Does that means I am left with Coinbase with high fee, where they support bank transfer. Yeah I understand that means I am not anonymous.
on LBC, I can't find any seller taking bank transfer. I definitely not sending cash by mail or starbucks card. Does that means I am left with Coinbase with high fee, where they support bank transfer. Yeah I understand that means I am not anonymous.
When you buy on localbitcoins using their escrow system (and you should), then the bitcoins are immediately deposited in your localbitcoins account. The transaction does not go through the block chain. It is managed completely by LBC's accounting system. You can withdraw them to your own wallet at your convenience.
As long as they stay within the escrow system, buyers are very well protected. Buyers run into problems when scammers convince them to go outside the system.
As long as they stay within the escrow system, buyers are very well protected. Buyers run into problems when scammers convince them to go outside the system.
I didn't know buy/sell on LBC does not need mining fee. I thought all transaction requires mining. Newbie here 
So as long as the coins are in LBC escrow, there is no miner fee. What about when I send to my Ledger wallet?
So as long as the coins are in LBC escrow, there is no miner fee. What about when I send to my Ledger wallet?
Why do you want to buy or sell in different amounts? it would not change you anything because you are going to be paying the same fee as if you make one, or ten transactions.
I have been using localbitcoins to sell all my bitcoins for more than two years, i have never had any problems with them so far, it is one of the most serious exchanges that i have ever used, because their support is always replying (and this is the most important reason of why i like lbc)
And the money is always on your wallet, you do not need to pay miner fees because when you start a new order, you start it with the money that you have in your localbitcoins wallet, you do not need to deposit funds when you start X order, it just gets debited from your balance.
I have been using localbitcoins to sell all my bitcoins for more than two years, i have never had any problems with them so far, it is one of the most serious exchanges that i have ever used, because their support is always replying (and this is the most important reason of why i like lbc)
And the money is always on your wallet, you do not need to pay miner fees because when you start a new order, you start it with the money that you have in your localbitcoins wallet, you do not need to deposit funds when you start X order, it just gets debited from your balance.
- I am still reading, but if I buy from, say localbitcoins. How do I know if the person is giving me one single transaction or multiple small ones?
- Will the person advertise he selling price, but when I buy, I will be slam with high fee because of number of transaction?
- Are fee already built-in in the price saw on localbitcoins?
- When buying from localbitcoins, can I choose and guarantee to use fast/slow transactions and pay corresponding fee?
- Individual seller on localbitcoins, their prices varies from coinmarketcap. Beside finding seller with 1000+, anything else I should watch out?
- If say I want to buy 10 coins in total... if I have the money. What should be my buying strategy given localbitcoins ppl are selling in like 1 coin?