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Circle closes bitcoin exchange
What does this mean for the industry? Circle is now just basically
a bitcoin wallet so you cant buy or sell.
They apparently believe bitcoins will never be a major currency
as per articles.
Where else is there to go besides coinbase who I have had
problems with?
What are your requirements? ACH? Wires? Something else?
Lowest fees? Fastest delivery? Simplicity?
Need to sell/buy large amounts?
Probably simplicity and reasonable fees. Just want to avoid using bank account.
Those two are hard to combine. The simplest places are generally the most expensive.Originally Posted by dmonaco712
Have you seen this thread? http://www.sportsbookreview.com/foru...ternative.html
Quite a few ideas in there.
Thanks I will check it out.
You can still send to an old circle address . Did it yesterday for 2k and cashed out
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Great news Rock. Did not want to suggest that as wasn't sure it still worked or not.
@Dmonaco, do you understand what Rock is saying? Do that.
Just thought I'd add that I have been using Cex.io for the past week and a half. I was able to make a deposit pretty seamlessly with my debit card after verifying my information. About a 3.75% charge to use it, but it was instantly there(after I had to call my bank and verify the transaction was legit).
When you convert your USD to BTC I would strongly advise not doing so on their "Buy/sell" page. You will get a shitty conversion. Instead, if you go to the "Trade" page you can buy your BTC there and get as close to the actual price that it is trading for as possible. For some reason the "Buy/sell" page offers you a really shitty conversion rate from your USD to BTC. I can't figure out why anyone would use it other than it is in big letters and right in front of your face. For instance- if you go to their Buy/sell page right now and wanted to exchange $500 into BTC you would get .5857. On the trade page you could buy the exact same amount of BTC(.5857) and pay about $463. I have no idea why that is, but just thought I would share that in case others thought the buy page was the only way.
This may sound stupid but how do I find my old circle address again. I copy and paste address that I believe I sent to circle from Airbitz but when I paste to send it it says incorrect address.
Great info.
That is basically the difference between and 'exchanger' and an 'exchange'.
An exchanger (like Coinbase) goes to the market (an exchange) and buys/sells on your behalf and adds a premium for the service.
It sounds like you have found using the real exchange there quite easy. It really is the way to go and if you really want to maximize the value you get, use an American exchange to buy (usually the cheapest) and a foreign exchange to trade BTC back to US$. China, India and Australia are among the places that are usually higher than US or Euro ones.
What's the deal with cashing out from Cex.io to a bank? Is that possible? Site makes no mention in the public area.
I have not actually tried to cash out from Cex.io to my bank yet. I've been using old circle addresses, as that seems to be the easiest still(although I have not done so in the last week). However, it does look like you are able to cash out to a card or bank account on Cex if you link them. There is a commission "fee" of $3.80 for any amount it appears.
Cex.io service is unavailable in Texas.
I cashed out with circle this morning, using an old bitcoin address
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