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Bitcoin Issues

Discussion in 'America the Beautiful' started by weesie, Aug 23, 2017.

    Aug 23, 2017
  1. weesie

    weesie Ueber Meister

    Occupation:
    retired
    Location:
    Old bag lady with a laptop
    Hi,

    I am fed up with coinbase and their constant problems.

    Can anyone post here any other btc sites. Preferably ones

    with less than "rape" charges for fees.

    Also if they take bank debit cards.

    Please!!!!!
     
  2. Aug 23, 2017
  3. Fiekie247

    Fiekie247 Full Member

    Occupation:
    Systems Engineer
    Location:
    South Africa
    Do you want to buy Bitcoin?

    Well what i normally do, i purchase bitcoin on Localbitcoins or Paxful, anything that has Escrow for transactions and transfer them to my personal wallet.

    Make payments to online casinos from my personal wallet and withdraw to my personal wallet. Even the wallet on Paxful and Localbitcoins operate nicely.

    Also 2step authentication is a necessary precaution for these sites mentioned.
     
  4. Aug 23, 2017
  5. weesie

    weesie Ueber Meister

    Occupation:
    retired
    Location:
    Old bag lady with a laptop
    Yes, buying them.

    You don't mention the fees?
     
  6. Aug 23, 2017
  7. Fiekie247

    Fiekie247 Full Member

    Occupation:
    Systems Engineer
    Location:
    South Africa
    Obviously in general everyone will ask a markup on the original bitcoin price and the markup will depend on your payment method used for purchasing. That is how it works, so normally people will ask $100 or so more than the actual price per bitcoin, which is standard.

    For me when I sell my bitcoin again, I ask a markup price myself, which means I make my money back.

    There is a user called drhany25 on paxful. He is the cheapest out of them all and even bring his prices down to beat others.
     
  8. Aug 23, 2017
  9. weesie

    weesie Ueber Meister

    Occupation:
    retired
    Location:
    Old bag lady with a laptop
    I am not concerned about clearing security, as ID is not a problem.

    Just tired of either paying through the nose for fees (pd 28.00 got 19.00 yesterday)

    and then also coinbase seems to have way to many problems, either delayed transfers

    or temporary outages.

    Really getting old.

    Thanks
     
  10. Aug 24, 2017
  11. weesie

    weesie Ueber Meister

    Occupation:
    retired
    Location:
    Old bag lady with a laptop
    So, no other bitcoin gurus around here?

    Surely there is more info out there!
     
  12. Aug 24, 2017
  13. secret2

    secret2 irishbrit62 MM

    Occupation:
    driver
    Location:
    New York, United States
    I'm with you Weesie, until there is a better way of depositing, then it's not going to happen.

    I am not willing to pay those fees, either and I can't find a bitcoin site that is reasonable.

    So, I am just staying with my tried and trusted casinos (Inetbet and Intertops) where I can still use my C.C.
     
  14. Aug 24, 2017
  15. lnspin

    lnspin Senior Member webmeister

    Occupation:
    Webmaster - Mygamblinglife.com
    Location:
    WorldWide
    Think coinmama has lower fees then coinbase..

    Issues with btc is they are easy to spend and cash out with and use in casinos but buying them is not too easy..
     
  16. Aug 25, 2017
  17. Kelly Jo

    Kelly Jo Senior Member MM

    Occupation:
    painter
    Location:
    United States
    Circle was perfect.

    *************

    Coinbase has zero customer support. The last time I tried to use them, I got a notice telling me to contact customer support and it gave me a link.
    I followed the link, sent an email, and then the next day received an email back that said:
    Due to the high volume of email requests, Customer support will no longer be taking direct emails. Please send your inquiry to ...."" (paraphrased)

    Is that not the most ridiculous thing you've ever read? I gave up.

    ************
    Paxful is WAY too expensive and it is full of sellers that want you to stand on your left foot while holding a piece of paper with their name on it, and snap a picture of yourself eating a sandwich and saying the Pledge of Allegiance in front of your computer screen that has the current selfie request showing in the background. It is INSANE!


    Making a bitcoin purchase always puts me in a bad mood.

    Bitcoin Issues: 9023cec67504056b831946f5c6c2cc05--funny-movie-scenes-funny-disney-movie-quotes.jpg,Aug 25, 2017
     
  18. Aug 25, 2017
  19. Kelly Jo

    Kelly Jo Senior Member MM

    Occupation:
    painter
    Location:
    United States

    Thanks. That is very kind of you to pass this information on. A++ for usefulness!
     
  20. Aug 25, 2017
  21. Fiekie247

    Fiekie247 Full Member

    Occupation:
    Systems Engineer
    Location:
    South Africa
    Hi Kelly

    Yes Paxful is expensive but look at it like this:

    Bitcoin - ZAR which is my local currency is currently sitting at R57 199.33 zar per bitcoin if you google it Bitcoin Issues: BTC-ZAR.JPG,Aug 25, 2017 .

    If I purchase bitcoin on Paxful it will cost me $4400 - $4700 per bitcoin depending who I buy it from Bitcoin Issues: Paxful.JPG,Aug 25, 2017

    Now obviously I pay about $200 more on average per bitcoin when purchasing right.

    But if I transfer my bitcoin to my local exchange in my country, they price bitcoin at R61 200 zar per bitcoin Bitcoin Issues: Luno.jpg,Aug 25, 2017



    Which means in Paxful I purchased bitcoin value of $4300 even though I paid $4500 for it, but when I transfer my bitcoin from Paxful to my local exchange wallet which is Luno then my bitcoin value is $4600 as Luno rate bitcoin at R61 200 zar instead of R57 200 zar, which means that R4000 zar difference you will get extra is equivalent to $300 more or less when you sell on Luno. Bitcoin Issues: Zar.jpg,Aug 25, 2017



    I hope this makes it a bit clear, so whether you purchase bitcoin for $200 to $300 more than whats it worth, you bitcoin worth will increase when you transfer it to another exchange or if you wait another week, bitcoin goes up and you make a small profit when selling those you purchased. I know it sounds confusing, but this is the way i see it.
     
  22. Aug 25, 2017
  23. Kelly Jo

    Kelly Jo Senior Member MM

    Occupation:
    painter
    Location:
    United States
    Listen, I'm more than willing to let you work up a similar formula for me. My currency is USD. And could you have it ready by Friday?

    No pressure or anything...
    Bitcoin Issues: tenor.gif,Aug 25, 2017

    lololol!

    Seriously, though. Any advise would be welcome.
     
  24. Aug 27, 2017
  25. weesie

    weesie Ueber Meister

    Occupation:
    retired
    Location:
    Old bag lady with a laptop
    Today again,

    spent $26.49 at coinbase

    received $18.59 in Intertops

    all the rest was fees.

    Seems like coinbase themselves could try to regulate these rip-off artists.


    You must register/login in order to see the link.
     
  26. Aug 29, 2017
  27. secret2

    secret2 irishbrit62 MM

    Occupation:
    driver
    Location:
    New York, United States
    Weesie, I know about the fees but how long did it take for the transaction?

    Did you deposit first at Blockchain and then to Coinbase? or from your cc/bank to Coinbase?
     
  28. Aug 29, 2017
  29. weesie

    weesie Ueber Meister

    Occupation:
    retired
    Location:
    Old bag lady with a laptop
    No, the last few haven't taken very long.

    Hell, I wouldn't even mind waiting an hour or so if they would quit ripping me

    off with those fees.

    I buy at coinbase with CC then send wherever..... but it is usually smaller deposits

    like 25 to 50 dollars. They are taking 30%-33%....... might as well used a gun!
     
  30. Aug 29, 2017
  31. kahntrutahn

    kahntrutahn Full Member webby webmeister

    Occupation:
    Professional Poker Player and Affiliate for 14 yea
    Location:
    Abroad

    This is a function of the network issues I described in the other, larger bitcoin thread. Sorry it took me so long to reply, I didn't see your post until just now!

    In short, you can adjust your fees on blockchain.info to lower amounts to save money. It will result in slower transaction confirmation times, but it's manageable.
     
  32. Aug 29, 2017
  33. weesie

    weesie Ueber Meister

    Occupation:
    retired
    Location:
    Old bag lady with a laptop
    Yes, maybe so, but sending to blockchain first is added fees too....

    they get you coming and going.


    Why send to blockchain just to have even more fees deducted?

    It's a no-win either way.
     
  34. Aug 30, 2017
  35. secret2

    secret2 irishbrit62 MM

    Occupation:
    driver
    Location:
    New York, United States
    It's not a good idea to send and receive bitcoin straight from CB to a casino. You might get banned as CB , the last time I checked, frowns upon gambling.

    If you use Blockchain, then CB, it should be ok. I know the fees are extreme but if you want to play without fear of being banned.

    Correct me if am wrong.
     
  36. Aug 30, 2017
  37. weesie

    weesie Ueber Meister

    Occupation:
    retired
    Location:
    Old bag lady with a laptop

    Yes, I am aware of the possible problems and if I were a big buyer I would

    probably be more concerned. When receiving (winning, I've heard this does exist) I do send to blockchain......

    unfortunately I rarely get to receive any btc since my luck is right

    up there below a gnats balls.
     
  38. Aug 30, 2017
  39. secret2

    secret2 irishbrit62 MM

    Occupation:
    driver
    Location:
    New York, United States
    I share your grief, weesie.

    I am visualizing a gnat and his balls , right now. :)
     

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