Crypto Currency Thread

[fourstardan]

PH4555 said:

https://dailyhodl.com/2021/01/31/coinbase-explorin...

"The crypto exchange is considering adding 11 new crypto assets to its trading platform including Aragon (ANT), Arweave (AR), DigiByte (DGB), Horizon (ZEN), Livepeer (LPT), KEEP Network (KEEP), Origin Protocol (OGN), Render Token (RNDR), Siacoin (SC), SKALE Network (SKL), and VeChain (VET)."

A wallet for hundreds of millions of SC has already been spotted recently, believed to belong to Coinbase.

Invested in VECHAIN over the weekend.

Doing well no doubt to this, but I see it being a good option long term with corporate users.

[anonymous-user]

fourstardan said:

Invested in VECHAIN over the weekend.

Doing well no doubt to this, but I see it being a good option long term with corporate users.

SKALE is on there already, i noticed yesterday, so surprised that those other coins aren't yet..

[SpartacusF]

A quick question about realising gains. My friend bought a bitcoin five or so years ago for a couple of hundred. If she cashed it, or bought a Tesla with it, would CGT be payable?

[Greshamst]

SpartacusF said:

A quick question about realising gains. My friend bought a bitcoin five or so years ago for a couple of hundred. If she cashed it, or bought a Tesla with it, would CGT be payable?

If the profit was higher than their CGT allowance, then yes.

[Mr Whippy]

Just been looking.

On bittylicious and localbitcoin(!) it doesn’t look like there are any UK buyers at all.

What’s that all about?

Everyone dumping and no one buying?

[anonymous-user]

Mr Whippy said:

Just been looking.

localbitcoin(!) it doesn’t look like there are any UK buyers at all.

I've just checked there are loads on there. just one example.

''BitBroker.co.uk. Ricky is UK FCA registered as a crypto asset firm.''

[Mr Whippy]

That’s weird. Gone on now and loads.

But bittylicious still no joy.

[anonymous-user]

Mr Whippy said:

That’s weird. Gone on now and loads.

But bittylicious still no joy.

Did you a have a filter on. Never had a issue with localbtc for liquidity.

[Dan_1981]

Is there a reason why some of the exchanges make you purchase the alt coins using one of the bigger coins rather than a direct FIAT transfer?

For example on Binance I can happily purchase the big names direct via bank transfer or debit / credit.

To chose a coin recently discussed - SIA, I have to first purchase BTC or one of the exchanges tokens to purchase.

Just wondering why?

[g4ry13]

Looks like LINK has gone up a bit since I sold my online holding. XRP is knocking on $2 as well.

QTUM is up, my DASH is up. Everything is up tbh.

This reminds me of the feeling about 3 years or so ago where I looked at Coinmarketcap and thought 'it's so easy, it's like shooting fish in a barrel'. Which makes me feel a little bit nervous.

[tertius]

Dan_1981 said:

Is there a reason why some of the exchanges make you purchase the alt coins using one of the bigger coins rather than a direct FIAT transfer?

For example on Binance I can happily purchase the big names direct via bank transfer or debit / credit.

To chose a coin recently discussed - SIA, I have to first purchase BTC or one of the exchanges tokens to purchase.

Just wondering why?

I think it is simply logistics:

1. it means maintaining an additional trading pair and likely there isn't the volume for the smaller coins; and
2. if the value is very low you it makes more sense to buy with BTC (or other crypto) as you can go to much smaller "real" values - if you use USD your smallest unit is the cent

[anonymous-user]

Dan_1981 said:

Is there a reason why some of the exchanges make you purchase the alt coins using one of the bigger coins rather than a direct FIAT transfer?

For example on Binance I can happily purchase the big names direct via bank transfer or debit / credit.

To chose a coin recently discussed - SIA, I have to first purchase BTC or one of the exchanges tokens to purchase.

Just wondering why?

jurisdiction of where the exchange is based, as this is still a legal grey area, hence SEC lawsuit on XRP, between securities and worthless token definition among many other issues.

[halo34]

Whats the significance for the uneducated about being able to trade Tesla stocks on Binance with Crypto?

[audi321]

Can someone help me. I've always used Coinbase (I'm in UK) and have only ever deposited through mining. However, I want to stick some GBP in there to have a play around, and even though the GBP wallet is visible (also EUR) I cannot deposit any money into it. I even went as far as sending money from my Bank Account (Barclays) into it but it bounced back within an hour.

I've contacted their support and I cannot access this feature for some reason (they won't say). I even asked if the pro version will let me and they say not. Is it just me or can no one deposit into their GBP account on Coinbase?

I could just buy crypto with my debit card, but it would be much easier to just transfer it from my GBP wallet as and when I want (and I guess cheaper?)

Incidentally, I just set up a Binance account, and they will let me do this pretty much immediately it seems (via faster payments again).

I use Coinbase as I have their debit card, which is nice to spend they crypto I've mined on the odd Costa.

Do I switch to Binance and lose the debit card feature, or am I doing something wrong?

[Guvernator]

You have to go through their awful and convoluted verification process before you can deposit and withdraw fiat which seems to be very hit and miss. Sometimes it works perfectly and sometimes it doesn't so after weeks of trying, people just give up.

As for support, it's pretty much non-existent which is very poor for one of the biggest crypto exchanges on the market.

[anonymous-user]

halo34 said:

Whats the significance for the uneducated about being able to trade Tesla stocks on Binance with Crypto?

you won't it will be a token that represents Tesla value, i guess, not looked into it, but this sums up crypto, the coins/token on Exchanges are marked as worthless value tokens etc, so you buy it, what do you actually own?]

It's a shame Behemoth isn't on here anymore he was good as explaining all this.

[g4ry13]

Doge has entered the top 10.

Madness

[anonymous-user]

g4ry13 said:

Doge has entered the top 10.

Madness

i remember when they stopped developing it, has a big following through.

[jammy-git]

I wonder if it'll climb in the run up to 4/20...

[PH4555]

Guvernator said:

You have to go through their awful and convoluted verification process before you can deposit and withdraw fiat which seems to be very hit and miss. Sometimes it works perfectly and sometimes it doesn't so after weeks of trying, people just give up.

As for support, it's pretty much non-existent which is very poor for one of the biggest crypto exchanges on the market.

I think the most surprising part in his post is that he got a response from Coinbase Support!

Sorry audi321 not much help to you . It's still very much the wild west in the crypto space, even with these so-called regulated centralised exchanges. Coinbase has a truly awful reputation when it comes to fiat on and off-ramping as well as their verification process where it's 50/50 whether you get permanently locked out from using your account or even the site completely. If want further proof just take a look at the Coinbase reddit.

Binance and Kraken are your main alternatives and lower fees than Coinbase. Check what coins you want. Coinbase has the lowest selection (XRP not on there). Kraken has a decent range but if you want easy access to the stcoins to gamble on you'll need to be on Binance.