How do YOU put fiat $$ into cryptocurrency?
There is a lot of bullish sentiment in the crypto market of late which is reflected in the current prices of some of the popular coins. I am not an analyst or a trader but I do try to read all I can from the folks that seem to know and then I make my crypto investment decisions based on that info.
I say that to say the time has come for me to put some fiat into crypto again. Last time I put USD in was in late 2017, I have been playing with house money so to speak, since then.
The Question
What is the best fiat to crypto gateway at the moment?
I know of a couple but have not been keeping up with this aspect lately so any suggestions of straight forward, cash to crypto, badda-bing, badda-boom services would be appreciated.
Coinbase
Coinbase is the only place I've traded USD for crypto, it was easy, but it was also recorded and though this is not a deal breaker at the moment, a more anonymous entry would be preferable.
Bitcoin ATM
Cold, hard CA$H for BTC, no waiting, no ID, no fuss, no muss ( I don't know wtf "muss" is but there is none of it at Bitcoin ATMs). I know there is a fee of 5% or more but I'm willing to pay that for the perks I just mentioned.
I'd love to hear of some new ways to jump from cash to crypto though I think I may have just talked myself into a Bitcoin ATM. Haaahahaha.
These are some of the posts about Bitcoin I've enjoyed this week:
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I'm up to 20%...my ATM has a spread over spot and 8% fee, but I'm ok with that as long as BTC is under $10k usd
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Shit 20% is a big cut but I agree, under 10k and I'd pay that. Thanks @sagesigma.
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I've noticed those green CoinStar change counting machines at local grocery stores now sell BTC... I don't think you can buy BTC with your spare change yet, and I don't know what their rates/fees are like... but it seems like it would be a pretty anonymous way to buy BTC with fiat.
=^..^=
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Oh, that's interesting @curatorcat.ccc. I just found an old dime and a Canadian quarter in the tray of one of those machines the other day. I'll have to look closer at that machine, though, I think I would have noticed the Bitcoin B on that machine if they sold it. Thanks for the tip. !BEER
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The Coinstar machines in my part of Canada don't have that feature yet but I know it is capable should the Powers that Be allow it.
If they allow it.
Found $4 in change already.
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$4 already!? You are a Coinstar CHAMP @kerrislravenhill!!
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I snapped this at our local Safeway (western Washington state)...
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Westen Washington!? I'm down here just over the border in north-central Oregon, about four hours from Seattle.
Yeah, my coinstar machine does not have that sign. Thanks @curatorcat.ccc.
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View or trade
BEER
.Hey @curatorcat.ccc, here is a little bit of
BEER
from @summertooth for you. Enjoy it!Learn how to earn FREE BEER each day by staking.
I use Coinbase
Yeah, me too, I just get tired of these fuckers taking a cut AND tracking my shit! I'm tring to find a better way but will probably end up back there too.
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I Wish I had some Money to Buy Crypto but It seems like I keep Buying more Silver so I don't have anything left to use to buy Crypto with......@summertooth
I bet you you could sell some of that shiny for crypto @stokjockey. Then it's LAMBO time!!
:)
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Hi @summertooth, I think the last time I looked into a Coinstar machine they wanted your drivers License, and they had high fee's too🤔
So there goes the anonymous entry.......
I use Coin Base Pro, the deposit's for me take seven says to clear....I have one clearing Friday!😀 Deposits and withdraw's are free, but there is a trading fee, I believe it's 1% or less.....
I trade for BTC, and send this to Bittrex and trade for Steem!!!
I am hoping that we will see a dip in the market by the weekend...Maybe LOL!
See you on the other side of SPUD my friend🤗
Yep, I am familiar with Coinbase and the week delay, it used to give me fits in 2017 when I wanted to buy a dip and then it turned into a peak while I was waiting for my cash to clear. Just seeing if there are any other innovations in this area. Thanks for the tip though.
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Glad to see I'm not the only one frustrated with the seven day waiting delay!🤔
I have BTC/LTC/ETH ATMs available with only a bus ride away but I admit that I have yet paid one red cent into my entire Crypto portfolio. And stayed away from the major exchanges as well, so I just plain HODL.
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Nothing wrong with that Raven! HODL = MOON = spaceLAMBOS
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