Am a small player
Bitcoin and other Cryptocurrencies v2
Bitcoin and other Cryptocurrencies v2
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May 16 2017, 09:24 AM
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#1
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Senior Member
641 posts Joined: Aug 2008 |
Dear all, am new here. Do I really need a hardware wallet for me to start invest in crypto please?
Am a small player |
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May 28 2017, 11:26 AM
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#2
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Senior Member
641 posts Joined: Aug 2008 |
Am new to crypto world. Can anyone recommend which exchange is safe to buy altcoins with USD?
I have tried CEX.IO so far ok..but limited coins only. |
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May 28 2017, 05:28 PM
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#3
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Senior Member
641 posts Joined: Aug 2008 |
QUOTE(tatty89 @ May 28 2017, 04:20 PM) For those using CEX.io, how are you planning to make withdrawals for USD? I've tried adding my debit card but it seems like there is a problem. If use credit card to make cash withdrawal, it will incur a high fee from the bank Yea credit card withdrawal is 5% of the amount. But I guess we have no choice right.Unless keep it in wallet for long term. |
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May 30 2017, 09:38 AM
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#4
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Senior Member
641 posts Joined: Aug 2008 |
Is it still ok to buy ETH now at $190+ ?
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May 31 2017, 02:24 PM
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#5
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Senior Member
641 posts Joined: Aug 2008 |
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May 31 2017, 02:59 PM
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#6
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Senior Member
641 posts Joined: Aug 2008 |
QUOTE(kmarc @ May 31 2017, 02:34 PM) OMG! So many terminologies! Thanks however for daily trading it's best to keep in exchange right? To transfer the coin to wallet require some fees.I have no idea at the moment. Have been only doing swing trades with my existing coins. Will need to start reading crypto news again and hang out in trollbox too..... No recommended value. It is up to you to decide depending on how comfortable you are with leaving your coins on exchanges. There are also other ways of keeping your coins but the best is still a hardware wallet. A forumer here uses "Rule of 5" meaning if the value you hold is 5x more than the value of a hardware wallet, it would be good to get one. Hardware wallets cost about RM300-400 at the moment. |
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May 31 2017, 03:31 PM
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#7
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Senior Member
641 posts Joined: Aug 2008 |
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May 31 2017, 07:05 PM
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#8
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Senior Member
641 posts Joined: Aug 2008 |
QUOTE(WooTz @ May 31 2017, 06:40 PM) Place a buy order on the ETH/BTC pair, "market" buys it immediately, "limit" lets you set your custom price. Reason for not holding is because the exchange might close shop or hacker might compromise the account, Right?Never hodl crypto in any exchanges. You have a few options: - Set up multisig wallet on mist wallet - Set up paper wallet via MEW(MyEtherWallet) - if your amount is larger than say, RM1000. It'll be a good idea to buy a hardware wallet instead. But if mfa is setup isn't it safe? |
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Jun 1 2017, 11:10 PM
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#9
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Senior Member
641 posts Joined: Aug 2008 |
Deep red sea incoming
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Jun 3 2017, 09:55 AM
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#10
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Senior Member
641 posts Joined: Aug 2008 |
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Jun 3 2017, 10:19 AM
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#11
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Senior Member
641 posts Joined: Aug 2008 |
QUOTE(jack2 @ Jun 3 2017, 09:57 AM) QUOTE(soonming @ Jun 3 2017, 10:05 AM) Is this a new rule or has it been there for ages? Means if each transaction is 49999 it's ok? What if multiple transactions? Will it be flagged? Just asking. I wish I had this issue to worry about. QUOTE(raynman @ Jun 3 2017, 10:08 AM) What if our source of funds is legit? Definitely not new rule, has been there for years. Basically it is the total cash movement be it deposit or withdrawal that aggregated for the day. Can I still do more than RM50K in a single transaction? What sort of penalty will be imposed if I really contravene AMLA? E.g. Deposit 40k and Withdraw 20k for that day then its reportable to BNM. You can find all your answers here. http://amlcft.bnm.gov.my/AMLCFT05b.html |
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Jun 4 2017, 03:14 PM
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#12
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Senior Member
641 posts Joined: Aug 2008 |
How much does it need to build a decent mining machine?
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Jun 4 2017, 04:55 PM
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#13
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Senior Member
641 posts Joined: Aug 2008 |
QUOTE(kmarc @ Jun 4 2017, 04:35 PM) One million siacons can buy how many vegas? Bro how to see all these roadblock thing? I am starting to pickup SIA coins now.I'm referring to AMD Vega line-up la.... I have no idea. Maybe only now people found out about siacoin. Another reason could be that there's not much roadblocks compared to when it was at 50 sats. Last time, to get to 100 sats saw a 600 BTC roadblock while the path to 150 sats saw a 1,500 BTC roadblock!!!! |
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Jun 6 2017, 10:55 PM
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#14
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Senior Member
641 posts Joined: Aug 2008 |
Correction is on the way
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Jun 7 2017, 04:50 PM
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#15
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Senior Member
641 posts Joined: Aug 2008 |
QUOTE(CoinZin @ Jun 7 2017, 04:46 PM) I was searching for a better (or best) option to store my beloved cryptos, and found Ledger Nano S. Hi when is yr stock coming in? I have already preordered last week.I only sell what I use personally for myself. I don't even trust some of the exchanges - e.g. see Mt Geox. |
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Jun 9 2017, 10:46 AM
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#16
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Senior Member
641 posts Joined: Aug 2008 |
QUOTE(WooTz @ Jun 9 2017, 06:48 AM) While it's going to be hard to replicate 25x gains in 5 months, you still have plenty of opportunity to buy in golden ICOs that has immense potential or existing product and userbase. Bro how to buy ICO since they are not listed in exchanges?Such ICOs are the upcoming Status(SNT), OmiseGo (OMG), Tenx(PAY), and the biggest one of the year, Kik messenger(KIN) You can also buy some token that collect dividends based on total transaction on their product, such as DICE and DGD. Prediction markets like REP and GNO would be huge as well, worth looking into such projects and do your due diligence. |
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Jun 10 2017, 11:38 AM
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#17
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Senior Member
641 posts Joined: Aug 2008 |
Lol dgb has been dumped like hell after the citi presentation.
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Jun 10 2017, 12:30 PM
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#18
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Senior Member
641 posts Joined: Aug 2008 |
QUOTE(Bitnick @ Jun 10 2017, 12:26 PM) Hello Guys, Can withdraw after that. Don't worry. It's normal for new account.I'm am new with this cryptocurrency, I did try CEX.io and deposited 100usd for exchange with ETH, upon trying to withdraw/transfer my ETH a notification popped out saying "New accounts are not allowed to withdraw funds in the first 48h". after that I became paranoid and searched over google and facebook. and most of I've read are negative ones saying that they had problems with withdrawing their balances... is this normal?, will I able to withdraw my ETH after 48h? are there anyone there who've used CEX.io who withdrew their balances properly? thank you in advance for those who will reply, your answers are very much appreciated. But don't use cex the fee is expensive. Prefer Luno and send it to Polo for trading. |
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Jun 10 2017, 12:37 PM
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#19
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Senior Member
641 posts Joined: Aug 2008 |
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