Crypto Currency Trading Platforms
- Thread starter richardg
- Start date
Best tell Visa and MasterCard and all the rest of the institutions clamouring to get on board.
What are you wanting to do Rich? Crypto.com is about as legit and noob friendly as it gets.
richardg
Admonishtrator
Just mess about really. Noob I am. Cheers, I'll look at it.
Amber Audio
This is the Day
Starting out www.coinbase.com is fine, just watch out for the fees, once you get into how it all works there are ways to keep the fees to a minimum. Like Matt says crypto.com is good also. Paypal are also onboard now.
https://www.paypal.com/uk/webapps/mpp/crypto
Ignore the FUD and naysayers and clueless, crypto is here to stay.
https://www.paypal.com/uk/webapps/mpp/crypto
Ignore the FUD and naysayers and clueless, crypto is here to stay.
narabdela
who?
Yep. Reminds me of The South Sea Bubble. The basic concept has merit, but as things stand at the moment, I wouldn't touch it with a greasy bargepole.
You may call me a clueless naysayer to your heart's content.
richardg
Admonishtrator
Don't forget card!Money started off as bits of clay, then coins, then code. They all start with ‘c’ so crypto currency is obviously a sure betFill yer Boots!
richardg
Admonishtrator
PayPal fees are quite high when changing euros to sterling, 4%. I'm looking for their fees here. Suspicious it will be too high.
At £1000 it's 1.5% on purchase and then again on sale.
Yes, you'd learn like every other retail noob not to sell it when it was down and not to buy back in when it is pumping again. It's not crypto that is the problem it is idiots.
Cheese
Bitter lover
If you think this is all you have to know in order to invest sensibly, you're on the losing end from the onset.
Contrary to what they say at the pub, making money is not easy. Never. If it were, said guys wouldn't be at the pub. Making money on a steady basis for a long period requires a lot of work, no matter whether you choose to do it legally, illegally, by working for a company, investing, or opening a business. Some have the luxury to invest successfully only by listening to their 'guts', but acquiring these takes a lot of sweat and investment, same as for all other skills. This is what I learned by myself and through two other investors who told me the truth, which you don't hear often in this field.
You are right saying that it's the idiots who pay. But among the people who definitely have this status, very few know about it, and even fewer of them act accordingly, by generally staying away from things they don't have a clue about. Losing a couple of thousand £ often gives them an excellent lesson.
Amber Audio
This is the Day
Like I said there are ways to avoid the high fees, look at Exchanges - Kraken, Binance, Kucoin and Bitstamp and their T&C and Fee structures. I use Revolut to swap £ to other currencies.
As an example using Coinbase and Coinbase Pro (used to be called GDAX). Link a Bank Account to Coinbase (I use First Direct some UK banks won't link, Google lets you know who will/won't at present), do a BACs or SWIFT, move the money to Coinbase Pro - all Free. Use Limit and Stop orders. Fees to take cash in and out are Zero.
It's not that different to Stock Market investing, same principles apply - research, learn, due diligence, don't invest what will hurt you badly to lose and filter out the bullshit.
Amber Audio
This is the Day
flutteringwow
She called me baby, like an old romantic
and banks and stock markets are?....
richardg
Admonishtrator
2.5% to buy and then 2.5% to sell?Dead easy - fees are 2.5% though and the are not fully featured for Transfers yet
Amber Audio
This is the Day
depends on what plan you are on and what you are converting to or transferring to, in general as a standard user yes
https://www.revolut.com/legal/fees
