Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin)

[bobAlike]

Might lob £500 on a few of the lesser knows coins just for a punt, is Binance a reputatable place to get them? Or somewhere else that sells loads of the different ones other than bitcoin?

I pretty sure you can’t by with cash on Binance, you have to use Bitcoin or Ethereum

Ok what’s the simplest way to buy smaller currencies, thinking about POE.....

Not sure the best way but I originally had a bit on Coinbase (ETH & LTC) paid for in cash but later transferred it to Binance.

[Woodsey]

Might lob £500 on a few of the lesser knows coins just for a punt, is Binance a reputatable place to get them? Or somewhere else that sells loads of the different ones other than bitcoin?

I pretty sure you can’t by with cash on Binance, you have to use Bitcoin or Ethereum

Ok what’s the simplest way to buy smaller currencies, thinking about POE.....

Not sure the best way but I originally had a bit on Coinbase (ETH & LTC) paid for in cash but later transferred it to Binance.

Ok cheers mate, that seems consistent with what someone else told me 

[lucky_scrote]

Coinbase fees are exuberant but it seems that is the only way for most people, especially for smaller amounts.

If you're lucky enough to know someone who can sell you bitcoin for cash, then that will be the best and cheapest solution.

[bergeroo]

If you use gdax you will pay less fees than coinbase. It is also owned by them. I would recommend buying ETH or Litecoin as the transfer fees on bitcoin are a killer.

Binance isn't taking new sign ups right now so that could be a problem.

I've used kucoin which has a lot of small market cap coins and it has worked well

[Woodsey]

As fate would have it my snide sports streamer of choice only now takes bitcoin as payment, just popped up now, they must know something 

[marcro]

As fate would have it my snide sports streamer of choice only now takes bitcoin as payment, just popped up now, they must know something 

Is that SportsMania?

[Woodsey]

As fate would have it my snide sports streamer of choice only now takes bitcoin as payment, just popped up now, they must know something 

Is that SportsMania?

Ulimatemania, but yes same company.....

[marcro]

As fate would have it my snide sports streamer of choice only now takes bitcoin as payment, just popped up now, they must know something 

Is that SportsMania?

Ulimatemania, but yes same company.....

Their move to bitcoin payments is putting a lot of customers off renewing their subs.  The fees associated with third parties to complete the buying and making the payment seem excessive.

[tikay]

As fate would have it my snide sports streamer of choice only now takes bitcoin as payment, just popped up now, they must know something 

Is that SportsMania?

Ulimatemania, but yes same company.....

Their move to bitcoin payments is putting a lot of customers off renewing their subs.  The fees associated with third parties to complete the buying and making the payment seem excessive.

Is that because, being forced to pay in Bitcoin, the price, in effect, has rocketed, or does it not work like that?

[marcro]

As fate would have it my snide sports streamer of choice only now takes bitcoin as payment, just popped up now, they must know something 

Is that SportsMania?

Ulimatemania, but yes same company.....

Their move to bitcoin payments is putting a lot of customers off renewing their subs.  The fees associated with third parties to complete the buying and making the payment seem excessive.

Is that because, being forced to pay in Bitcoin, the price, in effect, has rocketed, or does it not work like that?

I think it is due to transaction fees which can vary from £3-4 to £10-13 depending on what time of day you transact.  Not so much a problem if you buy them and watch the value skyrocket but it does come into consideration if you simply want to buy some bitcoins to pay for a £34 subscription.  I have read some comments that to pay the £34 it cost £50 cover all of the fees.  There are a number of providers who charge different fee structures, all very complicated which I think needs to be addressed before bitcoins are used for simple transactions.

The reason this vendor has gone to bitcoin is because none of the regular payment processors will accept their business since they have been identified as a sports streaming service who do not have any agreements from the Sky Sports of the world to broadcast their channel.  Bitcoin seems popular for dodgy business payments!

[bergeroo]

why wouldn't the streaming service use Litecoin or Ethereum, the fees are much smaller, it doesn't make sense!

[Longines]

Wonder how many Russians/Chinese/North Koreans are currently testing Spectre and Meltdown exploits to obtain private keys?

[nirvana]

why wouldn't the streaming service use Litecoin or Ethereum, the fees are much smaller, it doesn't make sense!

They probably know as much as everyone here or Evan Davis of Newsnight interviewing an economics prof yesterday.

[SuuPRlim]

time to get them cap-gains forms back out lads, whooohoooo

[typhoon13]

time to get them cap-gains forms back out lads, whooohoooo

Spread bet the price movements, it will save you hours filling out those wretched forms