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 Bitcoin and other Cryptocurrencies v2

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Chelsea-Fan
post May 24 2017, 09:59 PM

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Hi, can i know how to buy ether using credit or debit card? I try cex.io but the premium is very high.

Any recommendation?
Chelsea-Fan
post May 24 2017, 10:22 PM

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QUOTE(jack2 @ May 24 2017, 10:16 PM)
How much you can get?

I saw $200 for 0.8486 ETH?
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Is the rate charges ok? I read review say they charge 7% premium to cover all the fees.

Is it secure to buy from cex.io?

I probably will buy the usd 1000 for 4.25 ether.

Thanks for replying. Newbie here trying to enter into crypto. I just read the first page but cant find information to directly buy ehter using money.

This post has been edited by Chelsea-Fan: May 24 2017, 10:24 PM
Chelsea-Fan
post May 24 2017, 10:48 PM

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QUOTE(jack2 @ May 24 2017, 10:39 PM)
I don't know if you will be charged any commission fees by using credit card.  You need to test it out.
4.25 ETH for USD1000 by CC.

Current USD/MYR rate = 4.36 (VISA/MASTER/AMEX would have 1% spread).
Effective rate you will be paying at

USD1000 x 4.36 x 101% approx = RM4403

4403 / 4.05 ETH = RM1087.00 if without CC fee. If there is, you need to pay more.

I just sold 1 ETH = RM1005 to someone just now.
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Thanks for providing the calculation.

The rate difference from you and website is around rm 150.

Haha, i guess can take it but just wait for it to drop lesser.

Will keep monitoring the price.

Chelsea-Fan
post May 25 2017, 08:54 AM

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Where to check all the crypto price graph?

Anyone use coinbase to buy ether before? How long for the money to appear in dashboard after bank in transfer from sg bank?

This post has been edited by Chelsea-Fan: May 25 2017, 08:55 AM
Chelsea-Fan
post May 25 2017, 09:29 AM

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Is it advisable to invest in ETH now?

Cause the price increase quite a lot and maybe already reach its peak
Chelsea-Fan
post May 25 2017, 09:42 AM

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QUOTE(Bored Citizen @ May 25 2017, 09:31 AM)
Generally one and half day. Did you lock you coin price?

Why is Bitcoin price going up so high so fast. whats the latest news on this lol. hitting 3k soon.
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I need to deposit the funds to coinbase account in order to buy ETH. one and half day is based on your experience?

But the coinbase website mentioned the balance will appear in less than 5 minutes after bank in transaction. doh.gif

The wait is killing watching ETH price keep higher and higher. Haha
Chelsea-Fan
post May 25 2017, 09:56 AM

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Coinbase is always Service Unavailable. Ih had been like this since yesterday nigh.

Haih. Cant buy now.
Chelsea-Fan
post May 25 2017, 10:11 AM

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QUOTE(Bored Citizen @ May 25 2017, 10:00 AM)
Well, thats from what i research when i was looking for a BT coin provider. if you do EFT transaction banking, the bank will  process it on their settle day time (normally is midnight of the day). If you do physical cash transfer banking then probably 30 mins or so.

Which provider you use to able to pay directly for alt coin?

BT coin price so high, so hard to buy them now. Not even sure if it worth it to buy now.
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Singapore using FAST interbank transfer and the money will be available in their bank account instantly (wait time around 1 minute).

I always use 'FAST' when transferring money between my sg bank accounts.
Chelsea-Fan
post May 26 2017, 09:29 AM

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Which platform has the lowest fees to buy eth?

I am currently using cex.io and their trade zone selling eth for usd 185.

Is it fair price now?
Chelsea-Fan
post May 26 2017, 09:33 AM

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QUOTE(jack2 @ May 26 2017, 09:32 AM)
Trade zone is bought from seller?

Their instant buy is $201 per ETH leh...
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yes, their cex.io trade zone is by trader and it is cheaper than official buy/sell rate from cex.io which is 200

This post has been edited by Chelsea-Fan: May 26 2017, 09:34 AM
Chelsea-Fan
post May 26 2017, 10:41 AM

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i managed to get 1 ether for usd 185 in the cex.io trade zone.

Haha, suddenly got seller throw. Lucky
Chelsea-Fan
post May 26 2017, 10:47 AM

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QUOTE(roy_zu @ May 26 2017, 10:42 AM)
Buy with CC? I just register. Pending for verification. How much is the extra fees charged? 3.5%?
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Max deposit is only usd 300 for daily limit using card.

When u choose deposit usd 300, they will add another 3.5% (usd 11.35) + 0.25 for convinience fees.

it will show usd 311.60 in your transfer bank statement while your cex.io will show balance of usd 300.

They also charge usd 0.30 for every transaction trading in their trade zone.

I will recommend to que your buy price in trade zone which is cheaper rate 18x compared instand buy rate at 200.
Chelsea-Fan
post May 26 2017, 10:51 AM

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QUOTE(jack2 @ May 26 2017, 10:42 AM)
Firstly, how you deposited into cex.io?

By cc and then buy from trader zone?

Can you withdraw to other ETH wallet?
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Deposit fund to cex.io using your credit or debit bank card ( Visa and Mastercard). It will have convenience fees of 3.5%.

I found option to withdarw ETH to other wallet by copying the address or barcode.

I am newbie in cryto and not so sure how to transfer is done.

Cex.io also had other trade platform such as BitFinex, OKCoin, Kraken, Gdax and etc.

This post has been edited by Chelsea-Fan: May 26 2017, 10:56 AM
Chelsea-Fan
post May 26 2017, 11:00 AM

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QUOTE(jack2 @ May 26 2017, 10:56 AM)
The effective charge/rate you will get by using CC

Current USD/MYR rate x CC mark up imposed by MASTERCARD/VISA (1-1.5%) x 3.5% + 0.30 by CEO.IO

Effectively, you can save a lot!
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yes, you can buy even cheaper if someone just throw the ETH. Just put lower que and hope it match.

It is almost same as share trading platform in their trade zone.

Don't get from the instant buy which charging usd 204

Chelsea-Fan
post May 26 2017, 11:08 AM

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QUOTE(jack2 @ May 26 2017, 11:02 AM)
Please find out how you gonna withdraw ETH to other wallet.
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They will ask to "Enter the recipient's address below" and press withdraw

or

Create voucher

Use the voucher option to transfer funds between CEX.IO accounts with 0% fee.
Select currency and input amount - confirm the voucher via 2FA - confirm the voucher via email - send the code to recipient - redeem the code.

Noted that a msg pop out "New accounts are not allowed to withdraw funds in the first 48h"
Chelsea-Fan
post May 26 2017, 11:14 AM

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Is this good site to browse latest ether price?

https://www.ethnews.com/etherlive

They have live update.
Chelsea-Fan
post May 26 2017, 12:20 PM

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QUOTE(WooTz @ May 26 2017, 12:09 PM)
Doesn't get better than this

https://cryptowat.ch

Actual trade data pulled from the exchanges

Coinmarketcap isn't reliable anymore thanks to USDT
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Thanks for this. It is more accurate.

Chelsea-Fan
post May 26 2017, 03:36 PM

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Guys a noob question here.

Is the crypto trading include saturday and sunday too?
Chelsea-Fan
post May 26 2017, 10:34 PM

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QUOTE(luotang @ May 26 2017, 10:17 PM)
So now the max one can buy is USD300 worth of BTC/ETH?
Is CEX.IO as reliable as Luno?
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Yes, because you can only deposit usd 300 per day limit using your credit or debit card.

You can increase the limit by doing verification and submit required documents.

Cex.io is best for me now because coinbase still got problem to deposit fund or adding card.
Chelsea-Fan
post May 27 2017, 01:14 PM

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Just treat it like shares trading.

Invest for long term and not day trader for profits.

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