Guys…any thoughts or experience in buying Digital Currency thru AUD. I understand coinspot.com.au does it - but its 4% rate and highly jacked up prices…not reliable as well
Interested to buy Stellar, Ripple, etc… any experience on how to buy without much charges…please share
thanks Fraudie… checked it out they have XRP/AUD - great…
do you buy Stellar Lumes or MaidSafe - if so how to get them …
Also whats your wallet of choice to store multiple digi currency (like Bitcoin, Ripple, Lumes, etc… ) any single wallet that provides all …
coinjar
thanks mate
Another vote for btcmarkets.
For anything not traded on btcmarkets, open an account on an international exchange (poloniex, kraken, bittrex are all popular), buy bitcoin or eth at btcmarkets and send it over to the other exchange to trade for the coin you want.
Of course every time you trade in or out of an exchange you lose something in fees but that may just be the cost of getting the currency you want.
There is no 'single wallet' for all currencies. I like Exodus which does btc, eth, and a few others though.
To learn where you can buy each coin, checkout the cryptocompare website - search for an asset, then click on the 'markets' tab to see which exchanges it is traded on.
For example you asked about Stellar Lumens: https://www.cryptocompare.com/coins/xlm/markets/BTC.
What about coinbase, anyone use them?
coinspot is whack because they don't allow you to deposit your own coins into their platform. it's owned and run by 1 dude (maybe more now?) so it's relatively small. rates are a bit better now but still rape.
coinbase is good but you cannot sell only buy, they give you a very small limit to start with.
localbitcoins is probably the best for a fast, large transaction then just move those coins around with https://changelly.com/ (let's you skip exchanges) e.g. you buy 10k worth of bitcoin and move 50% into eth then 50% to other coins.
poloniex is a big exchange
livecoin is smaller but good rates
cex.io is rape af don't recommend
coinbase is aight
gdax is coinbase
independent reserve is aussie and you can get verified within a week
overall they all take forever to verify you and most give you a small amount of limit to start with so you cannot make big FIAT trades off the bat.
The price that BTCMarkets sells out is significantly jacked up. They charge a '0.85%' commission on trades, however their base market rate is increased 5-10%.
Personally, I met someone through LocalBitcoins who sells me at market rates. Coinbase is another good alternative, however be aware they charge in USD (even though the price is displayed in AUD), so you'll likely be hit with a foreign currency transaction fee of about 2%. The way to bypass this is to use the Citibank Transactional Account, which doesn't charge for foreign currency transactions.
If you're looking to trade, Poloniex is a good option however be aware they've been subject to DDoS attacks during profitable periods in time (i.e. Ripple prices pump and the exchange gets DDoSed so no one can sell, except people who have previously placed orders already). Bittrex is a good second option. Just be aware that the withdrawal fee on Poloniex is 0.0001, which is about 30 cents, whereas the Bittrex withdrawal fee is 0.001, which is roughly $3, so try to minimise withdrawals if you can.
My advice: Don't buy now, it really, really feels like a bubble.
Set a calendar reminder to check out the cryptocurrencies again in 3 months or 6 months. When it's quietened down.
thanks guys…awesome..
I opened account with BTC Market and its ages and still to be confirmed. They sent some SNAIL mail to confirmation and i am yet to receive it… .
I just saw a new website called www.kryptoxchange.com.au.
Never heard of them before. May be a new player in the market.
Looks like they have really good prices on both bitcoin and ether. Just today i saw that they were cheaper than btcmarkets.
Anybody else tried them. Please post reviews.
Could someone with more experience than me please give me some advice?
A few months ago I bought some bitcoin and some ripple and it's still just sitting in Poloniex which I know is not recommended, but I haven't been able to come up with an ideal solution as to where to store it.
I was looking at ledgerwallet.com and maybe buying a nano s which i think allows you to store both bc and ripple. If that's correct would this be a good way to go? Or is there a better solution?
I don't intend on trading, I'm happy for it just to sit for an indefinite period of time.
For BTC you could use a paper wallet, print on card stock and laminate it.
Not sure about XRP but google search results indicate a paper wallet is also possible.
Cheers for that owli, I didn't realise it was that easy. Just needed a point in the right direction!
I use btcmarkets. They recently added Ripple as well!