- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Simplest way to begin investing in crypto
Posted on 3/25/21 at 9:25 am to DukeSilver
Posted on 3/25/21 at 9:25 am to DukeSilver
Depends on if Voyager pays the network fees, I am not familiar with them. Exchanges like Coinbase and Cash App pay the fee so I usually move my BTC off of the exchange as soon as I can onto my cold storage wallet. Unless you are earning interest in a wallet on Blockfi, Celsius, ect, there is no reason to keep your coins on an exchange. I'll admit, I'm much more security concerned than the average poster on here. 99.999% of the time you will be fine leaving stuff on an exchange.
0
Posted on 3/25/21 at 9:47 am to ShootingsBricks4Life
id say in most cases, unless youre wallet/tech savvy, keeping your coins on an exchange is safer.
exchanges have insurance if something bizarre happens, while if you frick up and lose your keys, its over. im not suggesting its hard to lose your keys, because its not, but it does happen often.
overall my point is, i wouldnt be too worried about leaving my coins on voyager or coinbase or cashapp - these are publically traded companies (or will be soon)
exchanges have insurance if something bizarre happens, while if you frick up and lose your keys, its over. im not suggesting its hard to lose your keys, because its not, but it does happen often.
overall my point is, i wouldnt be too worried about leaving my coins on voyager or coinbase or cashapp - these are publically traded companies (or will be soon)
Posted on 3/25/21 at 11:18 am to rocket31
Ok, I was under the impression your USD was safe/insured on at least Coinbase (not sure on Voyager) but that your coins were not. May have changed though.
I need to look more in to Voyager as that seems like the place to be.
I need to look more in to Voyager as that seems like the place to be.
This post was edited on 3/25/21 at 11:22 am
Posted on 3/25/21 at 1:06 pm to DukeSilver
quote:If you don’t have the private keys to your crypto, you don’t own it.
ya'll immediately moving it to a hardware wallet or are there any protections on having it sit in my Voyager account
If it’s more than a week’s pay, store it off of the exchange. Move back if you’re trading or exchanging to another crypto.
Then move back to your wallet when your transactions are done.
ETA: There has been a continual history of the exchanges freezing up in times of volatility. When that happens, you can’t access your account or do anything with it but wait. Who needs that??
This post was edited on 3/25/21 at 1:13 pm
Posted on 6/11/21 at 8:58 am to Magiklaw
Yea I made a mistake using Coinbase. I never really care about fees, but these punched you in the face
Posted on 6/14/21 at 8:30 am to xxTIMMYxx
So who is on BlockFi? The interest seems to be a huge positive. Are there downsides.
Posted on 6/14/21 at 11:19 pm to xxTIMMYxx
I like watching Flori's interviews she is sharp. Seems like blockfi is a good outfit.
Posted on 6/15/21 at 1:32 am to down time
quote:
I like watching Flori's interviews she is sharp
You dine in at Hooters because the wings are good huh? eta: No disrespect to Flori, its possible to be beautiful and sharp at the same time.
This post was edited on 6/15/21 at 1:36 am
Posted on 6/15/21 at 9:23 am to Magiklaw
Sign up for Coinbase and link a bank account.
Buy $100 of Btc, eth, and Chainlink each. This will get you started to at least have a stake in the game and start paying attention every day to on-going trends. Pick an amount to deposit in ones you like, even if it's just $20 (that's exactly what I do, $20) and make purchases in that increment of those above and the 100's of other coins. See what you can learn from it and go from there.
Reading articles and message boards are important too, but you need to get a skin in the game to really start learning. All I've learned so far is that I'm a year into it and have no real clue how any of it works. Lol
Buy $100 of Btc, eth, and Chainlink each. This will get you started to at least have a stake in the game and start paying attention every day to on-going trends. Pick an amount to deposit in ones you like, even if it's just $20 (that's exactly what I do, $20) and make purchases in that increment of those above and the 100's of other coins. See what you can learn from it and go from there.
Reading articles and message boards are important too, but you need to get a skin in the game to really start learning. All I've learned so far is that I'm a year into it and have no real clue how any of it works. Lol
This post was edited on 6/15/21 at 9:24 am
Posted on 6/15/21 at 3:58 pm to ShootingsBricks4Life
I have some of mine in a decentralized wallet and some on Voyager; Voyager is nice because you earn interest and it's super easy. If I was dipping my toes, I'd just keep everything on the exchange unless I had either tons of money in there or any money I couldn't afford to lose. I have faith that Voyager won't lose my money but I suppose in theory it could happen (although more likely for me to lose my keys than it is for Voyager to get hacked probably).
One nice thing too is that USDC earns interest, so even if you just use your Voyager as a savings account you'll earn 9% vs. .5% in a bank.
One nice thing too is that USDC earns interest, so even if you just use your Voyager as a savings account you'll earn 9% vs. .5% in a bank.
Posted on 9/22/21 at 11:47 am to Magiklaw
Coinbase Pro is the only answer. Less fees and you can set limit orders.
Posted on 9/22/21 at 11:49 am to DukeSilver
Voyager is awful. They rape people with the spreads. Orders never fill unless it is wayyyy over the price you set to sell or way less than the price you set to buy.
I never understood how others could recommend voyager unless they don’t realize themselves how bad they’re being raped.
I never understood how others could recommend voyager unless they don’t realize themselves how bad they’re being raped.
This post was edited on 9/22/21 at 11:53 am
Posted on 9/22/21 at 12:45 pm to LSUAngelHere1
quote:
I never understood how others could recommend voyager unless they don’t realize themselves how bad they’re being raped.
This is the first time I've heard something bad about Voyager on their operations, I appreciate any feedback you've got on this issue. Voyager seems to have avoided any scrutiny on their interest program as a broker versus competition (e.g. Coinbase). Otherwise Voyager seems pretty savvy as the CEO was a finance guy versus the other places that are just exchanges learning how to be finance providers.
Posted on 9/22/21 at 12:52 pm to GoIrish02
quote:
This is the first time I've heard something bad about Voyager on their operations
Posted on 10/22/21 at 8:02 am to GoIrish02
quote:
This is the first time I've heard something bad about Voyager on their operations
A few issues I have with voyager: it's smartphone/tablet only, I have to manually input transactions in my tax software because they don't have any API and their csv export is worthless, and it took three days to withdrawal my latest Eth transaction. That said, they do have decent rates and I still keep some stuff on there for those rates. They also have very convenient auto-buys. I just wish they'd fix a few things to make it easier to use them.
I use CBP for most of my buys these days. Majority of my property sits in cold storage.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News