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Cryptocurrency mega-thread

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jezzajay said:
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.
Click to expand...


MEW is MyEtherWallet... a strong bridging wallet to buy Ethereum and ETH platforms from exchanges... Very smart tool...

Yes I'm trading fairly hard at the moment so bouncing everything back and forward to external wallets would probably cost a fair bit...

Cheers mate for reply... :)
 
fpcookie said:
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.
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I didn't equate the fees to a level of security, go check who posted that and quote them

I trust coinspot, everything is vulnerable, even your bank and your online bookie, but I trust coin spot and that's my decision
 
tigertigertiger said:
I didn't equate the fees to a level of security, go check who posted that and quote them

I trust coinspot, everything is vulnerable, even your bank and your online bookie, but I trust coin spot and that's my decision
Click to expand...
You're right that wasn't you, sorry for that.

Good for you for trusting it, that's fine. Doesn't mean you need to call someone else paranoid for thinking about platform security when there is definitely more than cause for reason to do so.
 

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If you’re not the sole holder of your wallet’s private key then your investment is vulnerable.

The only way you can know that you are the sole holder is to generate your own wallet and keep the private key hidden offline in a secure location.

I would strongly recommend keeping your investments offline in a hardware wallet or cold storage. And only keep your coins in your exchange wallet when you’re planning a transaction.

For the sake of convenience in being able to make a quick transaction you might like to keep a percentage of your coins in an exchange wallet.

If you choose to trust them to store all your investment then that’s your perogative. Just be aware that it’s only safe until it’s not. If those coins get stolen then kiss them goodbye forever.
 
typeclub said:
Bitcoin is stablizing wouldn't be surprised to see an alt surge now.
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Exactly what I think will happen. A lot of my alts took a decent hit as a result of the BTC surge.


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Yellow Feathers said:
Another big day for Bitcoin. How high can it go?
Click to expand...
You hear about the bubble but Honestly it can go 100k easily.

Im invested in

Verge, Ripple, Iota (mid way through the boom) , Stellar.

Most are going quite well.

I think after this currently FOMO of crypto only the strong will survive. Many Alt coins seem to have limited use that other coins could easily take over.
 
10571z said:
Im invested in

Verge, Ripple, Iota (mid way through the boom) , Stellar.

Most are going quite well.

I think after this currently FOMO of crypto only the strong will survive. Many Alt coins seem to have limited use that other coins could easily take over.
Click to expand...

That’s why I’ve gotten really into Ripple recently. Very different from a lot of others in that it’s got a very effective real world use and isn’t just an alternative form of currency.

Dirt cheap right now with a long term plan and some big names jumping on board. It’s not going to moon any time soon, but if you’ve got $500 bucks sitting around grabbing a couple of thousand units and sitting on them for a few years could prove very nice if things go to plan for them. No guarantees it will of course, but I really like what they’re doing.
 
From a review about coinspot for those wondering if it’s safe

CoinSpot safe?
CoinSpot is registered under an Australian Business Number (ABN), and is a member of the Australian Digital Commerce Association. These two factors are strong starting points when you’re assessing CoinSpot’s approach to privacy and security on their exchange.

CoinSpot utilises a two-factor authentication (2FA) system requiring users to verify their identities via their emails and mobile phones. 2FA provides an extra layer of security against any viruses or attempts to hack. It also helps to decrease risk of identity theft or other traders using a false persona to trade with on the platform.

In addition, CoinSpot operates in adherence to Australia’s Privacy Act 1988. The terms of use contain the standard disclaimers you see in many exchanges of this kind – that you must not engage in illegal activity, and if you do your information may then be made available to authorities. Other than that, CoinSpot terms offer privacy for users.
 

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In hindsight this LTC jump is no surprise. The wait on BTC and ETH transactions is just ridiculous and it was the next logical coin to trade with. Of course I have none.

Still hoping for an XRP moon in the coming days/weeks. It has been threatening for a while now.
 
Hi guys,
What exchanges is everyone buying with?

I’ve been buying with Coinbase but alas, you can’t withdraw in Australia. Does anyone know how to transfer to a digital wallet from the Coinbase server?


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