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Coinbase V Pro.

  • 10-08-2019 10:59am
    #1
    Moderators, Home & Garden Moderators Posts: 1,916 Mod ✭✭✭✭ karltimber


    Hi,

    Have my btc in binance, and use that regularly.

    But want to buy some btc to hodl. But not in binance.
    I'll trade it if I have it there.

    so, have a coinbase & pro accounts.

    I see on pro I can't buy btc/usd, only btc/euro - why so ?
    Any different or is it just the currency exchange rate

    cheapest way - euro to coinbase, euro to pro, buy btc/euro ??

    thanks

    K


Comments

  • Registered Users Posts: 1,317 ✭✭✭ Dr Bolouswki


    Perhaps BTC/ETH then ETH/DAI then DAI/EURO? All on CB.


  • Registered Users Posts: 10,905 ✭✭✭✭ Bob24


    I don’t use Coinbase pro so not sure why only the BTC/EUR pair is showing for you (if I browse their website without logging in I see pairs both for USD and EUR).

    But in any case they seem to support BTC deposits: https://support.pro.coinbase.com/customer/en/portal/articles/2936549-funding-your-account-with-cryptocurrency

    So if you are used to buying your BTCs on Binance you could just keep doing that, and if you want to have some of them stored by Coinbase, then just transfer them from Binance to Coinbase (there will likely be a small withdrawal fee charged by Binance but it shouldn't be major).

    Also you might have considered it already but another option is to store them yourself with your own encryption keys. You need to fully understand how it works and to make sure you are handling the keys with the necessary precautions, but it gives you direct control ever your Bitcoins rather than delegating it to an exchange and *if done right* it can increase security (I insist on if done right, if done wrong it could be the opposite).


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