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#4771

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Quote Originally Posted by pilebuck13 View Post
Anyone know why I would get a international transaction fee from buying some coin on coinbase. Seems kinda weird seeing they are a us company? Have never noticed them before.
Because you used your credit card for an instant transfer. You won't get that charge if you do a bank deposit from your account but it will then take a much longer time to hit your account (1 to 3 weeks). What I haven't been able to understand is if the charge is because the bank thinks you're using the card for a digital cash transaction or is it because CB is processing the transaction from their European location, so it becomes an international transaction? Either way, you pay a premium for speed. CB charges an upfront fee (that is difficult to calculate). Look at the price they sell versus the current coin price. They are taking a lot right off the top and most people don't even realize it. It's usually around 4% vig. Then you know you're going to get a 3% ISA fee from your bank on the back end. So CC transactions are going to cost you at least 7%.

CC transactions on all these exchanges will add an ISA fee as well, so you have to bite the bullet. Bitstamp is the one exchange where their price of ripple is always less than the going rate, so I can buy it there and basically pay the ISA fee with the difference in price. You can get more ripple for your dollar there than anywhere else I've seen. So, where I used to buy BTC, ETH and LTC from coinbase, I now buy XRP from bitstamp if I want to buy coins immediately with CC.

This is a major reason why I think crypto is going to keep blowing up. Who the hell wants to pay these high fees to move money? If you already had crypto coins, you could send for almost nothing. It's just a pain in the ass to get the crypto to begin with.


DEBIT FOR CHECKCARD XXXXXX08 06/22/17COINBASE CHEAPSIDE

ISA FEE
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#4773

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Quote Originally Posted by dlowilly View Post
Yeah if there is one thing I've learned from this crypto phenomenon the last few years, it's to pay attention to your "WTF is that, yeah right" reflex.

The first time I remember thinking about bitcoin is when 5dimes first offered it as a payout deposit option. I remember saying to myself, "Yeah right Tony." I think it was somewhere between $10-20 at the time.

Then I can't remember who on here said it or when they did, but a poster was saying we should consider buying into Ethereum and Litecoin now. At the time Bitcoin was all the rage, the only one people were really using, and at that time, ETH and LTC were in the neighborhood of $2 and $1. Guess what I said when I saw the post? 'WTF, yeah right'

Most recently is this BNB coin. I got an account at Binance and saw them touting their own coin. 'You're trying to sell your own coin? WTF is that, yeah right!' It was about $2.50 then.

cool story

ever since you, seaweed and TPowell infected this thread I have to weed through all the spam
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#4775

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Quote Originally Posted by Mac4Lyfe View Post
Because you used your credit card for an instant transfer. You won't get that charge if you do a bank deposit from your account but it will then take a much longer time to hit your account (1 to 3 weeks). What I haven't been able to understand is if the charge is because the bank thinks you're using the card for a digital cash transaction or is it because CB is processing the transaction from their European location, so it becomes an international transaction? Either way, you pay a premium for speed. CB charges an upfront fee (that is difficult to calculate). Look at the price they sell versus the current coin price. They are taking a lot right off the top and most people don't even realize it. It's usually around 4% vig. Then you know you're going to get a 3% ISA fee from your bank on the back end. So CC transactions are going to cost you at least 7%.

CC transactions on all these exchanges will add an ISA fee as well, so you have to bite the bullet. Bitstamp is the one exchange where their price of ripple is always less than the going rate, so I can buy it there and basically pay the ISA fee with the difference in price. You can get more ripple for your dollar there than anywhere else I've seen. So, where I used to buy BTC, ETH and LTC from coinbase, I now buy XRP from bitstamp if I want to buy coins immediately with CC.

This is a major reason why I think crypto is going to keep blowing up. Who the hell wants to pay these high fees to move money? If you already had crypto coins, you could send for almost nothing. It's just a pain in the ass to get the crypto to begin with.


DEBIT FOR CHECKCARD XXXXXX08 06/22/17COINBASE CHEAPSIDE

ISA FEE
Thanks for the info Mac that was solid, appreciate it buddy.

That’s exactly the charge I received lol.
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#4777

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Ether hanging around 1K sure makes the charts at Binance, etc. easy to read. If you use ETH in your pair, all you have to do with the 6-decimal numbers is knock off the leading zeros, find where the decimal point goes and boom there's the price of the coin. (hope that makes sense)

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Signed up with KuCoin.com yesterday and they have their own in-house coin (KCS) like Binance. It is taking off, too. Luckily, I learned my lesson at Binance and picked up some KCS this morning...

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I bought some Quantstamp (QSP) at KuCoin. #92 in the top 100. It's been on a slow 10-day rise.... Might be one to keep an eye on....
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#4779

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Quote Originally Posted by GunShard View Post
FunFair crypto is a clever crypto. It has it's owns online casino that only uses it's crypto as payment to gamble with. Seems to be late to invest on it now.
Got some. I don't think it's finished, yet. Thinkin' about getting some more. Probably going to end up wishing I had bought more...
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#4783

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Quote Originally Posted by quitefrankle View Post
and there goes pump n dump paccoin
I don't understand the terminology? Are you saying that the founders of said coin is pumping and dumping the coin? I don't think any of these coins are filing for bankruptcy anytime soon. Who, where are they going to file? ALL these coins are making money because they are getting investors from all over the world.

What we're seeing is the classic rise of a stock followed by a sell off as people take profits. This is normal. A stock HAS TO GO DOWN in order for it to go up.

If we had no downside movement, we would never have an upside. Downward moves, fuel upward momentum. You can try and play the buy low, sell high game but these coins are all going up in time. Just enjoy the ride and not worry when a coin goes down 50%. It needs to in order to go up 100%. Think about it.
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