Cryptocurrency mega-thread

[prodigy]

Im not sure it is... do you know coinspot is registered as a sole trader and not a company?
Why does it ask for a signed photo? Does anyone else do this?
Why does it ask for your facebook?
Why do the sign up FAQs say "we dont mind you withdrawing a large amount but please let us know prior"?

Finally, coinspot controls and holds all funds and personal details. Wheras in wallets, you hold your own assets.

Im scared coinspot is going to go "bust" with someone running off with all our money.

Not with those fees.


Sent from my iPhone using Tapatalk

 

[Quixote]

What is factom?

I'm using Exodus desktop wallet and trying Jaxx soon. If my numbers go up I'll go hardware.

I'm too paranoid of hacks to leave to much on an exchange or a Coinspot. No leg to stand on if what I've read is correct plus people dubious of the actual hacks themselves.

Anyone going the index fund route?

 

[Quixote]

PS:

HODL!!!!

 

[tigertigertiger]

What is factom?

I'm using Exodus desktop wallet and trying Jaxx soon. If my numbers go up I'll go hardware.

I'm too paranoid of hacks to leave to much on an exchange or a Coinspot. No leg to stand on if what I've read is correct plus people dubious of the actual hacks themselves.

Anyone going the index fund route?

https://www.factom.com

 

[tigertigertiger]

Im not sure it is... do you know coinspot is registered as a sole trader and not a company?
Why does it ask for a signed photo? Does anyone else do this?
Why does it ask for your facebook?
Why do the sign up FAQs say "we dont mind you withdrawing a large amount but please let us know prior"?

Finally, coinspot controls and holds all funds and personal details. Wheras in wallets, you hold your own assets.

Im scared coinspot is going to go "bust" with someone running off with all our money.

Paranoia right here

 

[juss]

Paranoia right here

Isn’t that the name of this game? Especially as more money is involved.

 

[tigertigertiger]

Isn’t that the name of this game? Especially as more money is involved.

you can't be serious

 

[Embleberry]

Crypto is the future!

the future is now!

get on Monaco and factom! they will be huge within 2 months, 10 & 36 to hunderds/thousands to the dollar

watch and see, bookmark this and scold me if I'm wrong

Did you post this before the price spike on Monaco?!

Factom looks like a solid fundamental from what they actually do. Marketcap still 'small', chart looking bullish. Hmmm tempting!

 

[juss]

you can't be serious

So you don’t see anything suss with Coinspot being registered as a sole trader and not a company?
This sole trader is wearing the risk of millions of dollars, without the protection of being under a company. This sole trader has different sign up requirements than the majority of other exchanges as well as this in their privacy policy:
“From time to time, we may use customer information for new, unanticipated uses not previously disclosed in our privacy notice”

Business name: CoinSpot
Status: Registered
Registration date: 14/03/2017
Renewal date: 14/03/2018
Principal place of business: Level 13 114 William St Melbourne VIC 3000

Why is he a sole trader and not a limited liability company?

Something doesn’t sit right, and I’m just wondering how others look at and explain this.
“Don’t be paranoid” isn’t a credible response.

If you have more knowledge on it, would you mind explaining it to me?

 

[tigertigertiger]

Did you post this before the price spike on Monaco?!

Factom looks like a solid fundamental from what they actually do. Marketcap still 'small', chart looking bullish. Hmmm tempting!

I had already mentioned Monaco in this thread when they were around $8

 

[Embleberry]

I had already mentioned Monaco in this thread when they were around $8

Ah nice one! I'm guessing your ave. cost is quite low then

Do you do technical analysis - Elliot wave theory?

 

[Angus Young]

Bitcoin is going through the roof....

Sky could be the limit.

 

[The_Eagles]

I’m cashing some in for a NY trip

 

[tigertigertiger]

Ah nice one! I'm guessing your ave. cost is quite low then

Do you do technical analysis - Elliot wave theory?

If I did, I wouldn’t know that I am

 

[BEaston]

Paranoia right here

You must be pretty naive or uninformed. As crypto gets more and more well known you'd be pretty daft if you think hacks and scams are not going to become more frequent.

Already two massive ones:
https://en.wikipedia.org/wiki/Mt._Gox
https://www.theguardian.com/technol...en-hack-attack-marketplace-nicehash-passwords

The fact you equate Coinspot's high fees to some level of security is laughable.


Everyone should be using a wallet.

 

[chiwigi]

Has it been mentioned here about getting your money out of coinbase? I didn't realise you couldnt transfer out in Australia, though transferring in was easy.

 

[jezzajay]

Has it been mentioned here about getting your money out of coinbase? I didn't realise you couldnt transfer out in Australia, though transferring in was easy.

that is correct...

 

[chiwigi]

that is correct...

I know it is correct, I was wondering the best way of transferring it. I was thinking of just sending the code to another wallet. There may be an easier way though.

 

[Affidavit]

FYI if some of you haven't signed up on Binance or Coinbase we should help each other with referral codes so we both get bonuses. PM if you haven't already signed up.

Looking at getting into Tron over the next few days.

 

[jezzajay]

I know it is correct, I was wondering the best way of transferring it. I was thinking of just sending the code to another wallet. There may be an easier way though.

Apologies mate...I went to answer your question but had a work colleague approach and start talking to me...

It's a personal thing.
Me...personally I just transfer straight to my ledger but I assume you dont have one.
Prior to getting my ledger I was moving everything I bought on Coinbase straight over to my Exodus wallet and holding there. Sometimes I would transfer from Coinbase over to Bittrex to trade for other coins.
Those I cant hold on my ledger I keep in their appropriate wallets.
It comes down to what you want to do with the coins...hold, trade... From there it's a case of whats safest for the coin.

I'm not sure if there is an easier way to transfer than to a wallet as you suggest. I can recommend the Exodus wallet. Works well and you have the opportunity to trade on it as well.

 

[chiwigi]

Apologies mate...I went to answer your question but had a work colleague approach and start talking to me...

It's a personal thing.
Me...personally I just transfer straight to my ledger but I assume you dont have one.
Prior to getting my ledger I was moving everything I bought on Coinbase straight over to my Exodus wallet and holding there. Sometimes I would transfer from Coinbase over to Bittrex to trade for other coins.
Those I cant hold on my ledger I keep in their appropriate wallets.
It comes down to what you want to do with the coins...hold, trade... From there it's a case of whats safest for the coin.

I'm not sure if there is an easier way to transfer than to a wallet as you suggest. I can recommend the Exodus wallet. Works well and you have the opportunity to trade on it as well.

Cheers mate, I don't have a lot in there and was just hedging against a ridiculous rise (I bought at 8k). I'm guessing just leaving them there would be a safe enough option.

 

[the PILL]

Question on wallets?

Yes I've been lazily storing on my stuff on an exchange because Im so tiny in the scale of things and have an array of different coins etc etc although i do use MEW for ICO buys...

This may sound very Newbish compared to some of the things I've done in Crypto but Ill ask anyway

Does it cost you to go back an forth transfering from exchages to extetnal wallets???

I'm waiting on a Nano but its something I've not actually done tbh and i should be...

 

[jezzajay]

Cheers mate, I don't have a lot in there and was just hedging against a ridiculous rise (I bought at 8k). I'm guessing just leaving them there would be a safe enough option.

I haven't heard of anyone (personally) having an issue on coinbase and holding there. It is nice to be able to simply open your coinbase app to quickly view your value...mind you there are other ways of doing this.
I'm not really aware of the levels of risk security wise for each platform as I'm simply not that much of a tech head.
My concern for Coinbase is that I'm hearing that thousands are signing up every day...if there was someone out there looking to hack and make a mint you would think Coinbase would be a prime target...but so far (touch wood) it has proven to be secure.
Personally, I would look around and try and see what suits you best for storing...and then move what you have over as you dont want to be moving coins around to often due to fees etc.
Once i did some research and narrowed down the wallets (and exchanges) of interest i went into youtube to view videos on how to use them and worked out from there what suited me best.
As i mentioned...from that Exodus was my first wallet of choice...Bittrex exchange of choice.

Hope that helps.. I do know there are plenty of opinions and options out there that's why i absorbed the opinions for awhile and then did some research before making my moves.

 

[chiwigi]

I haven't heard of anyone (personally) having an issue on coinbase and holding there. It is nice to be able to simply open your coinbase app to quickly view your value...mind you there are other ways of doing this.
I'm not really aware of the levels of risk security wise for each platform as I'm simply not that much of a tech head.
My concern for Coinbase is that I'm hearing that thousands are signing up every day...if there was someone out there looking to hack and make a mint you would think Coinbase would be a prime target...but so far (touch wood) it has proven to be secure.
Personally, I would look around and try and see what suits you best for storing...and then move what you have over as you dont want to be moving coins around to often due to fees etc.
Once i did some research and narrowed down the wallets (and exchanges) of interest i went into youtube to view videos on how to use them and worked out from there what suited me best.
As i mentioned...from that Exodus was my first wallet of choice...Bittrex exchange of choice.

Hope that helps.. I do know there are plenty of opinions and options out there that's why i absorbed the opinions for awhile and then did some research before making my moves.

Thanks for the advice, it is very much appreciated!

 

[jezzajay]

Question on wallets?

Yes I've been lazily storing on my stuff on an exchange because Im so tiny in the scale of things and have an array of different coins etc etc although i do use MEW for ICO buys...

This may sound very Newbish compared to some of the things I've done in Crypto but Ill ask anyway

Does it cost you to go back an forth transfering from exchages to extetnal wallets???

I'm waiting on a Nano but its something I've not actually done tbh and i should be...

Firstly...whats MEW?

I do believe there are fee's for transferring from most (if not all) exchanges and external wallets..which obviously adds up over time. I keep a spreadsheet for all buys and exchanges and it hasnt been a major issue for me considering the amount I've purchased and exchanged thus far.
I just do my best to not throw coins around so as to avoid the fee's.
I'm a holder...not a trader so it is easier to keep the transactions down.

If I were a trader I think i would be looking a lot closer at this.