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re: Bought Ripple at $1.40 yesterday - what should I do?

Posted on 12/31/17 at 7:53 pm to
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16334 posts
Posted on 12/31/17 at 7:53 pm to
So I have to set up two different online accounts to purchase it?
Posted by LSUneaux
NOLA
Member since Mar 2014
4495 posts
Posted on 12/31/17 at 8:05 pm to
Yes. You can't use U.S. dollars on Binance. So you need to buy one of the big 3 on Coinbase with your USD, then transfer to Binance. Both just take a few minutes to set up account. Nothing arduous.

I recommend NOT buying Bitcoin though, because it took me 3.5 hours to send my bitcoin from Coinbase to Binance. Ethereum is the fastest.

Also, starting tomorrow, ALL transfers will be taxable events, so you'll need to keep track of everything you do. All your buys, sells, and transfers.
This post was edited on 12/31/17 at 8:07 pm
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