Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Noob - how to buy coins

  • 07-11-2017 2:12pm
    #1
    Pussyhands
    Registered Users Posts: 8,239 ✭✭✭


    As per the title. How do I buy coins and what do you recommend to buy them? I don't see a beginners guide posted.

    Thanks.


Comments

  • #2
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    Just in case you haven't figured this out yet: my preferred course of action is a bank transfer to Kraken, then send whatever main currency I've bought to Bittrex or send ETH to one of my ETH wallets and link it to EtherDelta if I want a token.

    Be wary of what you type in EtherDelta, it won't correct your mistakes and people regularly (every day) buy $1-$10 worth of tokens for many hundreds-worth of ETH because they've fudged their order.

    I've watched people give away thousands in ETH because they've entered something wrong and they've linked their main wallet to EtherDelta.


  • #3
    cml387
    Registered Users, Registered Users 2 Posts: 8,493 ✭✭✭cml387


    grindle wrote: »
    Just in case you haven't figured this out yet: my preferred course of action is a bank transfer to Kraken, then send whatever main currency I've bought to Bittrex or send ETH to one of my ETH wallets and link it to EtherDelta if I want a token.

    Be wary of what you type in EtherDelta, it won't correct your mistakes and people regularly (every day) buy $1-$10 worth of tokens for many hundreds-worth of ETH because they've fudged their order.

    I've watched people give away thousands in ETH because they've entered something wrong and they've linked their main wallet to EtherDelta.

    I think that has it in a nutshell.


  • #4
    brendanwalsh
    Registered Users, Registered Users 2 Posts: 988 ✭✭✭brendanwalsh


    is there any reason to choose kraken over coinbase?


  • #5
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    Apart from a wider selection of currencies to choose from initially, no.
    SEPA transfer to Coinbase, move funds to Gdax (owned by Coinbase) and buy away.


  • #6
    brendanwalsh
    Registered Users, Registered Users 2 Posts: 988 ✭✭✭brendanwalsh


    what about buying directly with a debit card? any reason I shouldn't do that
    thanks


  • Advertisement
  • #7
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    Immediate 3.99% loss in fees.

    Not much in the long run but if you're spending a grand you'll be annoyed when that €40 you tossed away could have been €400 or €4000.


  • #8
    brendanwalsh
    Registered Users, Registered Users 2 Posts: 988 ✭✭✭brendanwalsh


    ok thanks.

    is there any specific risk with having my bank account or card directly linked to the site?


  • #9
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    brendanwalsh wrote: »
    is there any specific risk with having my bank account or card directly linked to the site?

    No risk from Coinbase. The only risk would be the bank threatening to act like assholes if you keep buying crypto. I haven't had a (crypto-related) problem with BoI yet - if I had I'd change banks.


  • #10
    Captain Slow IRL
    Registered Users, Registered Users 2 Posts: 3,651 ✭✭✭Captain Slow IRL


    Is it easy to cash out with Coinbase?


  • #11
    ZeroThreat
    Registered Users, Registered Users 2 Posts: 2,210 ✭✭✭ZeroThreat


    grindle wrote: »
    No risk from Coinbase. The only risk would be the bank threatening to act like assholes if you keep buying crypto. I haven't had a (crypto-related) problem with BoI yet - if I had I'd change banks.

    So far I haven't experienced any problems with SEPA transfers from AIB. Anyone here had problems with this bank?


  • Advertisement
Advertisement