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re: Official CryptoTalk Thread

Posted on 1/5/18 at 7:53 am to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/5/18 at 7:53 am to
Waking up to some dips and my coinbase deposit still pending
This post was edited on 1/5/18 at 7:54 am
Posted by tduecen
Member since Nov 2006
161246 posts
Posted on 1/5/18 at 7:55 am to
You bought from a bank account?
Or a transfer still pending?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/5/18 at 7:56 am to
Bank account
Posted by tduecen
Member since Nov 2006
161246 posts
Posted on 1/5/18 at 7:57 am to
7-10 days it takes

Credit/Debit cards are instant with a higher fee
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/5/18 at 7:58 am to
shite it's probably worth the extra 2% or whatever to have instant deposit
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
95538 posts
Posted on 1/5/18 at 8:00 am to
quote:

SDV - its whatever coin you are selling/trading from Coinbase paired with the coin you want to buy. In other words if you are moving btc to binance to buy xlm you will choose xlm/btc. If you are moving etherum you would choose xlm/etherum



thanks for the help

Can i use Litecoin to buy on binance and it would just be xlm/ltc?

I was just confused why they had 2 price points for same coin

Is that because BTC is worth so much more or am I just trippin

Sorry for the newb questions
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18397 posts
Posted on 1/5/18 at 8:00 am to
Downside is debit/credit has a considerably smaller limit. Sucks. Which brings me to my biggest frustration with this ordeal, it’s incovenient. I was able to wade through the inconvenience when I first started but man it takes a toll. Ultimately I believe that’s holding many more potential enthusiasts back.
This post was edited on 1/5/18 at 8:03 am
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18397 posts
Posted on 1/5/18 at 8:02 am to
quote:

Can i use Litecoin to buy on binance and it would just be xlm/ltc?

I was just confused why they had 2 price points for same coin

Is that because BTC is worth so much more or am I just trippin



Yes to both of your questions. As long as your exchange shows that it trades/converts with a coin, you can use it to buy the alt.
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5598 posts
Posted on 1/5/18 at 8:07 am to
Yep

Did you buy a coin or did you just deposit funds to coinbase?

If you bought a coin (ETH,LTC,BTC) you are locked in at that price at the time you purchased. I made some $ while waiting those ten days for it to go through but missed out on a bunch not being able to purchase the alts
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
95538 posts
Posted on 1/5/18 at 8:07 am to
quote:

Yes to both of your questions. As long as your exchange shows that it trades/converts with a coin, you can use it to buy the alt.


do you know if Ltc can be used on binance to buy alts?

Is it better to be signed up with mutiple exchanges or stick with one. I was told Poloniex was another good one
Posted by tduecen
Member since Nov 2006
161246 posts
Posted on 1/5/18 at 8:08 am to
Yeah I mean 15k vs 1500 for me on bank account vs credit/debit
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18397 posts
Posted on 1/5/18 at 8:19 am to
My limit is 7500/300 respectively. How’d you get a higher limit?
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18397 posts
Posted on 1/5/18 at 8:21 am to
quote:

do you know if Ltc can be used on binance to buy alts?


You can send LTC to binance but you will have to convert it to BTC or ETH once there to buy your alts
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18670 posts
Posted on 1/5/18 at 8:32 am to
My 3 LTC which got AIDs and couldn't fly back to binance is currently growing, yay
Posted by tduecen
Member since Nov 2006
161246 posts
Posted on 1/5/18 at 8:44 am to
I guess using it more? I mean my credit/debit card limit just increased when I used my card to buy some LTC to buy Pho
Posted by trux83LSU
brandon, ms
Member since Dec 2006
2674 posts
Posted on 1/5/18 at 8:45 am to
Trying to see if anyone else had this issue. I deposited some money from my bank account into my usd wallet on coinbase. They sent me an email saying there was a problem on the 3rd. Problem is they actually took the money out of my account on the 3rd. I looked at my linked bank accounts and that one is now missing. When I try to add it back it says the routing number is wrong. I've sent them an email but who knows when they will answer.
Posted by Volt
Ascension Island, S Atlantic Ocean
Member since Nov 2009
3216 posts
Posted on 1/5/18 at 8:47 am to
quote:

Why does Live Coin Watch and the market on Binance show different values for all the coins


Asking again
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18397 posts
Posted on 1/5/18 at 8:51 am to
You will regularly see various exchanges having different values. What’s important is the Satoshi value. The volume on the exchanges play a major role in the valuation, couple that with the transaction fees and the fact that there is no absolute agreed on price on what a coin is worth.
This post was edited on 1/5/18 at 8:56 am
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
95538 posts
Posted on 1/5/18 at 8:52 am to
thank you
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/5/18 at 8:53 am to
quote:

Asking again


live coin watch is a conglomerate price of several exchanges

binance is just the price on its exchange

this is why at times arbitrage opportunities exist where you buy low on one exchange and sell on the other, etc
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