why is it scary ?

"Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering."
Yoda.

Out of curiosity, will there be any problem when someone hacked our 'floating' money?

Users usually get hacked when they leave passwords in unsecure areas like their email accounts, forget to enable 2FA, passwords written on a piece of paper and placed on the table etc.

Please educate yourself on IT security management and it should be fine.

kmarc nice post. Thanks for the heads up!

Kudos to kmarc for the V1 guide, very useful for newbies.
As for Luno (formerly BitX) , I've been using them since 2014, definitely one of the best exchanges in Malaysia.

This post has been edited by sirxl: Mar 24 2017, 05:33 PM

Here's a tip, when you start going down the rabbit hole, you only put in an amount you're willing to let go.

"Oh I lost RM100, oh well"

You keep doing this every week/month while tracking your cost, if the price dives, you just watch only, don't do anything, it'll always return as long as the system isn't in danger.

If it rises significantly, like say +50%, you take profit and earn back your cost. Then you resume the buying schedule.

I've been doing this since August 2015 and I've never lost anything at all, just regret didn't save more whenever I can.

Be sure to safeguard your coins, if you don't want to spend money on hardware wallets, then you need to learn how to setup a paper wallet.

Interesting. Makes ETH more valuable. Ok ok let me buy some ETH..... (checks ETH prices)..... WHAT??!!??? USD 46.8!!!!! ETH always like to do that to me.

Personally, I think it will be worth it but you need to be prepared to lose the money too if it doesn't work out.

Thx thx. Hope everybody can contribute if any other info.

Thx. Oh, so Luno is good? I thought liquidity was a problem? Mind sharing how it works so that wengherng can update the info on Luno? In search of good prices, I might even try out Luno. See how....

Lots of sellers and buyers on luno, but at a much higher than market price. So not very attractive to me.

Checked out the bot, looks quite accurate. You made money from it?

I see. Same with localbitcoins and remitano. Really have to wait patiently for a good price.

I had a similar experience.
I used to think that XBit Asia's prices would be a problem due to lower liquidity, but in that particular case, XBit Asia still offered me a better price than Luno.
Not sure whether this is always the case, but in the few times that I checked before I bought, the situation was the same.

Prices will fluctuate differently between exchanges as the real makers/takers are the exchange users and not the exchange per se.

If say Bitfinex/Bitstamp is priced at MYR 5000 and sellers on Luno prefer to sell at MYR 5100, then I feel it's still a good deal if the price is rising due to rumours/news.

BitFinex, not BitFenix.

I buy / sell on BTC-E https://btc-e.com/

Not sure how the site is now but it worked for me last time.

Good day gentlemen, what a fine day to check on the crypto price today.

Happy trading!

Good morning crypto EnTHusiasts!!!!! ETH at it again. ATH!!!!

Now I can really conclude that flippening is happening (WooTZ going to scold me) and money is pouring into altcoins. Almost all the altcoins I hold has increased in value. My next objective is to research low volume coins to see any potential coins.

No wonder!! Every time I google the word, computer parts came out!!!

@wengherng, do correct the mistake. Thx!

Cool. Going to check it out later. I guess it also accepts MYR?

Good morning ETH sifu!!! Still cheap to buy ETH?

GDAX and Korea doing us a big favor by suppressing it.

Anytime before mid April is cheap.

Cool, will nibble a bit more later. Don't dare buy too much at this price.

wengherng

Last bit on the guide. Will let you know when it is completed.

In progress.......

Transaction fees

Keep in mind that you will be charged some fees when you make a transaction or transfer. Here's how it generally work:
1) Buying BTC - no fees
2) Selling BTC - free or fees charged by platform
3) Sending BTC from one address to another - network transfer fees
4) On exchanges, fee varies.

These are some examples of fees being charged by different websites/platform:
- Poloniex - https://poloniex.com/fees/
- Bitfinex - https://www.bitfinex.com/fees
- Localbitcoins - https://localbitcoins.com/fees
- Shapeshift - https://shapeshift.zendesk.com/hc/en-us/art...-fee-structure-

Examples of fees being charged:

- Transfer from Airbitz mobile app (in phone) to hardware wallet twice - 0.000812 & 0.00045 BTC.
---- If BTC was USD 1000/BTC, that would mean a transfer fee of USD 0.812 & USD 0.45. Do note the difference of fees is also affected by the price of BTC at that time.

- Transfer from localbitcoins to Poloniex -

- Transfer from Remitano to Poloniex -

- buy altcoins from poloniex (direct buy)
- buy altcoins from poloniex (bidding)

(is there a fixed fees for transfer?)

This post has been edited by kmarc: Mar 25 2017, 12:34 PM

anyone having problem depositing into coinbox?

Don't remember, I use that platform for trading.

Can set threshold to buy / sell.

Popular alt coins will appear there, at least that exchange has been around.

I lost a fair bit at Mt Gox before, stupid case.