All cryptocurrency threads (merged) (broker, FDIC, commissions, trust)

[ZeApelido]

Binance is what I use

[Tencent]

KuCoin. Doesn't require KYC.

Buy/Sell XRP with BTC

[westcoastforme]

Originally Posted by Jimmyp25

How are they holding your money ? Kraken is allowing XRP until the end of the month. Transfer in some BTC. Then sell it or convert it to XRP

I allegedly forgot to copy and paste "kraken.com" with some long number but everything else was fine. So kraken got the $500 and is being petty


just annoying as hell

the whole thing is becoming a headache

[westcoastforme]

Update: They made it right and released the money. Originaly they said ten days but took about 4 after I said they were being petty. Good on them. Bought 1922 ripple. Now let that sucker go to $100 each

[InvestorWithQuestions]

I've been trading stocks for decades (churning really..... I can understand the quote 'where are the customer's yahts' : )

I like to think I understand the mechanics of buying / selling and manuevering around a brokerage website.

Anyway, playing with bitcoin now. I think I saw Coinbase was the 'best' place to have an account.

Started doing a couple buys / sells over months. Certainly not much.

Is it me or the interface is hard to see and do things?

And commissions? I wanted to go from Lite to Etherium So I sold the Lite and then bought the Etherium.

Supposedly that has a higher commission than an exchange I think they called it? Going from lite to etherium? But again, trying to see trade tickets / commission charged, my portfolio, etc. seemed hard.

Then I heard about Coinbase pro? with better commissions?

But looking at their pages, they talk about maker / taker / .5%

Fee Structure
PRICING TIER TAKER FEE MAKER FEE
Up to $10k 0.50% 0.50%

and then talk of much lower fees:

When you place an order at the market price that gets filled immediately, you are considered a taker and will pay a fee between 0.04% and 0.50%.

When you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, you are considered the maker and will pay a fee between 0.00% and 0.50%.

When you place an order that gets partially matched immediately, you pay a taker fee for that portion. The remainder of the order is placed on the order book and, when matched, is considered a maker order.


This last trade of me getting out of coinbase says I was charged $156.18. But see, I can't see how much money USD was involved. It shows what BTC was at. Yeah, I can do the math (size * price). But should I?

And that works out to .5%. It was a market order. Because THEY didn't fill it right away - that's my fault / I get charged a higher fee than the .04 - .5 (OK. they did charge me within that range...).

why not say the range starts at .00001%? you will never get that. but we might charge that.

And I've always known with stocks what commission will be going in.

1) Is that typical for BTC - variable commission?
2) Is there better pricing elsewhere? Yeah, execution price is part of the equation... free commission, but bad execution price isn't good.

THANKS!

[kreeyax]

Gemini ActiveTrader. Cheaper to buy (0.35% fee, market and limit orders) and you get 10 free withdrawals per month. You only get the cheaper fees (like 0.04%) for high volumes:

https://www.gemini.com/fees/activetr...r-fee-schedule

[OhioJB]

While I haven't bought cyrpto I did research to see who had decent fees and were reliable. If I ever buy them I'll do so on Binance. Doubt I will though, enough stocks to chose from and taxes might be a pain with crypto. Have to keep very good records of every single transaction.

[InvestorWithQuestions]

thanks guys! Interesting that the commissions are a % of the trade from several places not just from Coinbase

And don't know these companies - will they be there to make a withdrawl : ) can they get hacked?

Not worth the troubles!. Yeah, lots of stocks / stick with what I know.

Take care!

[pit2atl]

I have Coinbase also.

I just put couple hundred dollars in Ethereum. I'll look at it again in 5 years.

However, you're plan on being active. My only suggestion is you would want to be with a "reputable organization."

[SoundAdvice4U]

The fees may be higher for Coinbase, but if you plan to buy and hold (or HODL) for long term periods its not a bad option. Coinbase also produces tax documents to assist you if needed. I'm not sure many others do.