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/biz/ - Business & Finance

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14212973 No.14212973 [Reply] [Original]

New to shitcoins here. What is your favorite app to buy and sell bitcoin and other cryptos?

>> No.14212990

If you're not from the US, Kraken->Binance/Kucoin

>> No.14213006

>>14212990

Im in the US though

>> No.14213094

Bump for op , curious as well

>> No.14213148

bump

>> No.14213154
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14213154

>app

>> No.14213179

>>14213154

app or website. I figure whichever exchange it is, it has both

>> No.14213212

>>14213006
Cash app is pretty good for buying Bitcoin since it's a %age fee instead of a flat fee so smaller amounts are not more expensive and transfers are free

Then you could use shapeshift to shift to whatever you want

I'm going to trade most of my eos to LTC before binance switches services to the us only version

>> No.14213243

>>14213212
Always triple check fees for any exchange: they will bleed you dry on withdrawal fees if you let them

Case in point: avg eth transaction is probably <$0.25, binance charges 0.003 (~$2.70) per withdrawal

If you're using binance withdraw with ltc, xlm, or xrp since they're < 10 cents each per withdrawal

>> No.14213256

>>14213243
I misspoke: shapeshift charges 0.003 to shift into eth, which is already overpriced but not too badly

Binance charges 0.01 eth per eth withdrawal

>> No.14213262

>>14213243

Does cash app have a bad withdrawl fees policy? I heard it get advertised on Joe Rogan so it must be somewhat popular these days

>> No.14213285

>>14213262
There are no withdrawal fees, just paying for the btc transaction to be mined, and I think cashapp estimates the trxn cost well and doesn't overestimate for profit like shapeshift does slightly and binance does a lot.

Coinbase is, if I remember correctly, pretty good about withdrawal fees, but they don't have as many coins as binance

>> No.14213298

>>14212973
Binance
Unless you're a Burger, Then the government has deamed it unamerican & in the most American way possible will throw your ass in jail with Tyrone.

>> No.14213311

>>14213298

Im a burger

>> No.14213373

If you don't want to create your own wallets with their own private keys, I'd recommend using Robinhood, coinbase, or binance as they have some of the best practices in the industry and have plenty of insurance to pay consumers if they do get hacked so they don't go under financially like mt gox

If you'd rather hold them yourself, a paper, software, or preferably an air gapped cold wallet, can be almost as easy as coinbase and you always have full control over your funds

>> No.14213402

>>14213373
Also, if you're planning on trading frequently centralized exchanges would be the best move, as you could trade funds quickly and not have to pay a withdrawal fee every time you want to withdraw to your wallet.

Once you know what currencies you want to hold, definitely move them off of the exchange if you can