[Daily Discussion] Saturday, December 02, 2017 Bitcoin Markets |
- [Daily Discussion] Saturday, December 02, 2017
- Coinhub.io
- Show Reddit: I made a tool for automatically buying crypto
- Bitfinex Shareholder Quarterly Report
- List of Bitcoin airdrops. Are they still available?
- Anyone ever withdraw funds from Kraken? I need help
- Bithumb vs GDAX price arbitrage?
- Clarification about FDIC insured exchanges
- Any Italian on GDAX?
- Choose your exchange carefully
- Question about trading view.
- Since Bitcoin was created, right now is the most bullish scenario we have ever seen, the world is knocking on our door, are we ready?
- US Ex-pat living in Germany - WHERE can I trade??
- Any Good Canadian Exchanges?
- Is my money gone? Bittrex.
- LPT For Moving Money In And Out Of An Exchange
- Question about taxes, and when income is "realized"
- Speed/ Reliability Q
- Different prices per Exchange?
| [Daily Discussion] Saturday, December 02, 2017 Posted: 01 Dec 2017 08:06 PM PST Thread topics include, but are not limited to:
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| Posted: 02 Dec 2017 01:43 AM PST Coinhub.io is an exchange launching on Monday, December 4th. Users can sign up now and start trading. To give you as much information about us as possible, I've arranged a Q&A specifically for this thread and I would be very happy for you to ask your own questions and I will get back to you as soon as possible! Q- What currencies do you support? A- On the fiat side, USD, EUR, GBP and SGD. Crypto side, BTC, ETH, LTC, Dash, Doge, NMC, BAT, Civic, MTL, SNT, EOS, GNT, BNT, OMG, REP. We will have support for BCH, ETC, XRP and PPC in a few days' time as well. Q- What is your fee structure like? A- 0.25%. Maker/Taker fee. We will, however, be launching a promotion for 3 months for market makers at 0%. We will publish when this begins on our social media pages over the next few days Q- Many cryptocurrency exchanges have been hacked in the past, what kind of security can we expect? A- Our exchange was built with security at the core. We have a very strong security team that are constantly assessing our infrastructure and application against latest threats. We follow best practices and industry standards such as OWASP and PCI based testing. 90% of coins on the exchange are kept in cold storage wallets, disconnected from the internet. Q- What differentiates you from other, established exchanges? A- We are committed to becoming the industry leader in customer support. We are aware of customer frustration at how slow customer support can be on crypto exchanges, and our team is ready to become the industry leader in this respect. We are also very close to the community and to blockchain developers. Q- Do you accept customers from the United States? A- Unfortunately, not at this point. We currently accept users from all around the world except for customers from the U.S and countries on international sanctions lists. I'll leave the rest of the questions for you and will endeavour to answer as soon as possible! [link] [comments]  |
| Show Reddit: I made a tool for automatically buying crypto Posted: 02 Dec 2017 08:21 AM PST Hey /r/BitcoinMarkets, I made a tool for automatically buying BTC, ETH, and LTC off GDAX. Check it out: [link] [comments]  |
| Bitfinex Shareholder Quarterly Report Posted: 02 Dec 2017 06:26 AM PST This has not been confirmed, but is believed to be real. Recommend you read this. Specifically the part where they explain the tether/bitfinex relationship. Tether is not created by institutions sending tether money. Instead it is created by bitfinex when USD is deposited to bitfinex. Bitfinex transfers money to tether and tether issues USDT to bitfinex in return. This is concerning due to the fact that bitfinex is placing usdt into the market under the assumption that the usdt is backed by usd. It is also concerning because it not only injects non money into the crypto market, but also allows transfer to other exchanges. The $790m in tether distributed throughout exchanges poses a significant risk. A single point of failure (tether) can cause major problems. Tldr; Tether is bitfinex. Usdt is issued by bitfinex. Bitfinex has injected $790m tether into crypto market. The strangest part of it all is the fact that tether issued never decreases. If tether is from usd deposits, what happens when a customer withdraws usd via tether tokens? Does the token become property of tether? Does tether conduct the withdrawal transfer? [link] [comments]  |
| List of Bitcoin airdrops. Are they still available? Posted: 02 Dec 2017 07:27 AM PST In the past there have been different airdrops/forks: Forks: Bitcoin Cash Bitcoin Gold Bitcoin Diamond Airdrops: Stellar Byte Ball Clams With the forks, as long as you had bitcoin before the fork, I assume you can still go claim them. Is that the same for the airdrops? Any other airdrops? Are there instructions to safely do so? [link] [comments]  |
| Anyone ever withdraw funds from Kraken? I need help Posted: 02 Dec 2017 07:17 AM PST I'm A Canadian trying to withdraw USD from my account, and having it transferred to my bank account. I'm a little confused with what information, to put in what field when I'm setting up my account details on the kraken site My bank gave me the following information: Bank name, Branch name, SWIFT (8 character, alpha-numeric) , Routing number (9 digits), Sort code (4 digits), Transit number (5 digits), Account number, I also have intermediary information. I'm under the assumption that I need this due to the fact that I'm. Transferring USD to a Canadian account (please correct me If I'm wrong. They are JP Morgan Chase in New York, NY What Kraken needs is Name on account (no problem, I know my name), Bank name (check), Branch name (check), Address (check), Swift/BIC (check, I just put in my swift), Iban/account number (this is where I get confused. In what format do I put the account number? Just the 7 digit number? Do I include the sort code and transit number in this format: sort-account-transit? I don't understand what happens here. I mean, if they get the wrong information am I at the risk of losing my money? Why the fuck is this so complicated anyway? Anytime I've ever transferred money to someone else's account, I've just been clearly asked for the information I had (account, transit, swift, etc) Thanks! [link] [comments]  |
| Bithumb vs GDAX price arbitrage? Posted: 02 Dec 2017 10:13 AM PST Bithumb is generally 5-10% above GDAX and bitfinex. Is there any way to arbitrage this? I imagine if there were, the prices wouldn't be so different. [link] [comments]  |
| Clarification about FDIC insured exchanges Posted: 02 Dec 2017 05:23 AM PST My research indicates that three exchanges claim to offer FDIC insured customer (USD) accounts: Coinbase (Gdax), Gemini, and Itbit. However, I am uncertain how to interpret the following criticism about the aforementioned claim: https://www.coindesk.com/in-itbit-we-trust/ Relevant section: "To obtain the charter, itBit had to meet the very strict requirements of ordinary New York chartered commercial banks and subject itself to ongoing oversight. However, itBit is not required to obtain insurance from the Federal Deposit Insurance Corporation (FDIC), and it is subject to a much lower level of minimum capital – $2m – versus at least $50m for a commercial bank. Despite being organized under New York's banking law, itBit is not a bank in the ordinary sense and it not regulated by any federal banking authority such as the Federal Reserve or the FDIC. Being regulated as a bank would be too expensive and require a level of regulation and oversight ill-suited for a digital currency exchange. ItBit does, however, indirectly provide FDIC insurance to its clients' dollars by holding them at a separate FDIC-insured bank. It might be subject to some degree of FDIC oversight or compliance obligations indirectly, but that depends on how closely itBit and its banking partner work together. Bitcoin firms Coinbase and Circle similarly provide FDIC insurance to their customers' dollar accounts." Can someone explain this in layman's terms? If you sell Bitcoin on the aforementioned exchanges, is your USD balance FDIC-insured up to $250k, or are customers at risk of loss in the event of bankruptcy? [link] [comments]  |
| Posted: 02 Dec 2017 02:51 AM PST To have an account on GDAX you need Teo ids. The first one is the passport, and it's not difficult to have it recognized with their automatic system, because the format is standardized all over the world. For the second one, I've tried many times my identity card and my driving license, without any success, I guess that their system is not capable of recognizing them, being taylored on other countries id document. Someone from Italy has been able to be recognized by GDAX? If so, please, send me a PM or reply here with sone instructions. Thanks. [link] [comments]  |
| Choose your exchange carefully Posted: 02 Dec 2017 01:32 AM PST Hassle free back office processes of are underestimated by many new joiners, IMHO when selecting exchanges. Note: Jim Rogers also suffered a major head ache some years ago. https://www.elitetrader.com/et/threads/refco-owes-jim-rogers-fund-362-million.57295/print The risk of funds getting locked in is often underestimated. Having your trading gains being inaccessible over multiple days or weeks is not pleasant. It may be good to go through the exercise of a cash withdrawal process as soon as possible to check that this 'works' Having tested several back office processes, I find Kraken to be a decent example of reliable back office processes. Point being, don't get too hung up about the fanciness of the GUI if you have no clarity on the exchange governance , supervision, ownership etc. There are too many exchanges located in areas with weak supervision in my view. Good luck! [link] [comments]  |
| Posted: 02 Dec 2017 07:20 AM PST After I logged in to my Bitmex account, the tradingview page started to show my yellow, green and red dots over the price. https://i.imgur.com/K3CaNOD.png Is there a way to hide them? [link] [comments]  |
| Posted: 01 Dec 2017 10:12 AM PST "this movement is horrifying, unsustainable, and reckless. But it's happening, so wheeeee!!!" /u/_chewtoy_
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| US Ex-pat living in Germany - WHERE can I trade?? Posted: 01 Dec 2017 07:54 PM PST Having an impossible time verifying anywhere....I am a US Citizen (US Passport, California ID) living in Germany (German bank statements, proof of residence). Is there anywhere I can BUY btc/bcc/ltc or anywhere I can TRADE (CFD/similar)???? I can NOT get a German ID because they are ONLY issued to German nationals (and it will be 1+ year before I become one). So far, I have tried: Bitstamp - verification pending Coinbase/GDAX - Forced my country to Germany (since I made the account while here?) Will not let me change the account no matter what. I have tried using VPN to US address and even having my dad login to my account from his computer in California - STILL locks my country to Germany. Support ticket pending. 4+ weeks. FOUR WEEKS. Kraken - Cannot verify. Support ticket pending. 1+ week. Bittrex - Cannot verify. Support ticket pending. 1+ week. Bitfinex - Avoiding due to numerous shady issues. Numerous other exchanges/markets that don't allow US citizens. [link] [comments]  |
| Posted: 01 Dec 2017 07:42 PM PST Any good Canadian Exchanges that is easy to verify? I know Quadriga has Equifax verification which is instant and simple, but unfortunately TD doesn't support Interac Online. Any other exchanges that is fast and easy to verify? Thanks. [link] [comments]  |
| Posted: 01 Dec 2017 03:20 PM PST I instantaneously was denied a basic verification, and then enhanced verification. Clear picture of my drivers license, back and front, and a clear selfie. I requested a support ticket and they haven't gotten back to me for a month. I keep hearing so many people talking about getting verified within days, even my roommate got verified in 7 days. Am I screwed here? [link] [comments]  |
| LPT For Moving Money In And Out Of An Exchange Posted: 01 Dec 2017 03:00 PM PST |
| Question about taxes, and when income is "realized" Posted: 01 Dec 2017 03:18 PM PST Hey all, I have a question that hopefully someone can shed some light on, or point me in the right direction. I've been putzing around on GDAX with a few BTC, and trying to play the ping/pong game of buying at dips, and selling at highs. I'm leaving my money inside of GDAX, and this brings up a question of whether I'm actually earning income in this way. I think of it like a casino: I walk in with $100, and play blackjack for an hour. I get up to 1000, but then blow $800 on roulette. At the end of my evening, I "cash out" my chips for $200, so I only actually earned $100. I'm thinking that as long as I keep my BTC in GDAX, I haven't earned anything until the day I move them back into Coinbase, and then convert them to USD, which ends up in the checking acct I have linked... I get that (of course) Coinbase will be tracking these exports, and I just imagine that at the end of the year I'll see some sort of separate tax doc for the income (which was extracted) at Coinbase. Am I operating in LALA Land here? An obvious question would be what happens if I move BTC to some altcoin exchange, and start to slosh BTC into Dogecoin (or whatever), and play the game there? I will EVENTUALLY have to move it BACK to coinbase to convert it to USD, and it makes the most sense to me that THAT is when income is 'realized'. yeah? no? Thanks! [link] [comments]  |
| Posted: 01 Dec 2017 10:19 PM PST Which platform do you guys reccomend for large sums of trading? Also, which platform is the most reliable in the speed it takes to go through with the buy/sell transaction? Thanks, ZeConfusedOneAgain [link] [comments]  |
| Different prices per Exchange? Posted: 01 Dec 2017 08:55 PM PST For example I want to buy 1 ETH on GDAX worth $470 but I want to transfer it to Binance but it's worth $458 there... aren't I just losing money? I want to transfer it so I can buy alt coins with ETH. Should I just be buying the coin from Binance for $458 and then using it to buy altcoins that way? [link] [comments]  |
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