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Buying bitcoins

brendan86

Heh guys,

I've been doing a bit of research the last week into buying bitcoins.. I want to buy 1k worth, I know it's risky but I have it to spare and might just see how it goes for a year or so..

I have currently registered on mtgox.com and am awaiting approval on my Id verification.. Has anyone dealt with this site have any info for me?

If I put my money on mtgox that means I have to trust them with my bitcoins is this correct? I won't have to have a wallet on my computer?

I'm just basically asking for advice, it's what I want to do but if someone can explain the best way about it that knows more than me I would appreciate it

Thanks

Brendan

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one world order

Kenny Logins wrote: »

I've had no issues with Coinbase/GDAX but Kraken made me very nervous. It took ages to even get BTC out so I can't imagine Euros would be any easier.

AIB has restricted making payments to the Kraken bank ac based in Germany. Any one else have this issue?

GreeBo

one world order wrote: »

AIB has restricted making payments to the Kraken bank ac based in Germany. Any one else have this issue?

Since when?
I transferred money over last week, arrived on Friday.

one world order

GreeBo wrote: »

Since when?
I transferred money over last week, arrived on Friday.

Tried tonight and didn't work, rang customer service and they said the account is restricted.

aligator_am

one world order wrote: »

Tried tonight and didn't work, rang customer service and they said the account is restricted.

Wonder what the angle is there? covering themselves I'd imagine, maybe afraid of a flood of cash flowing out and in to the Kraken account?

I'd be curious to see if it works both ways and if they'd reject an incoming transfer from the Kraken account worth a few million € ?

discombobulate

one world order wrote: »

AIB has restricted making payments to the Kraken bank ac based in Germany. Any one else have this issue?

I’ve deposited and withdrawn using revolut in last week no problems (other than the site being a crock of **** to use at the moment)

Kenny Logins

one world order wrote: »

Tried tonight and didn't work, rang customer service and they said the account is restricted.

Your account is restricted..?

one world order

discombobulate wrote: »

I’ve deposited and withdrawn using revolut in last week no problems (other than the site being a crock of **** to use at the moment)

Okay sound, I'll try set up an account with revolut tomorrow and use them as an intermediary

S.M.B.

I also use revolut as a middleman to deposit into kraken.

one world order

Kenny Logins wrote: »

Your account is restricted..?

Not mine, Kraken account by AIB, I'll get around it

Kenny Logins

S.M.B. wrote: »

I also use revolut as a middleman to deposit into kraken.

Yep. I use Fire.

hogan90

Has anybody sold coin and deposited the money into your bank account from coinbase? just wondering how easy it is to do so?

Kenny Logins

hogan90 wrote: »

Has anybody sold coin and deposited the money into your bank account from coinbase? just wondering how easy it is to do so?

Yep. I cashed out some a couple of weeks ago and it was sent back to my Fire card in about as long as you'd expect a SEPA transfer to take (1-2 working days).

hogan90

Kenny Logins wrote: »

Yep. I cashed out some a couple of weeks ago and it was sent back to my Fire card in about as long as you'd expect a SEPA transfer to take (1-2 working days).

Sweet, thanks for reply!

carrotcake

Is Kraken taking longer to process SEPA deposits (compared to a month ago)? I was expecting a deposit to show up in my Kraken account a couple of hours ago, but nothing yet.

Prices keep going up, and I'm sitting here, waiting.

discombobulate

carrotcake wrote: »

Is Kraken taking longer to process SEPA deposits (compared to a month ago)? I was expecting a deposit to show up in my Kraken account a couple of hours ago, but nothing yet.

Prices keep going up, and I'm sitting here, waiting.

When did you send the payment? Was next day for me using Revolut

carrotcake

discombobulate wrote: »

When did you send the payment? Was next day for me using Revolut

First thing yesterday morning. Normally it shows it by 9am the next day.

jobless

anyone used any of the crypto visa debit cards?

discombobulate

I wonder how much of the spike in LTC and ETH is down to BTC slightly plateauing for a couple of days and new Coinbase and GDAX users looking for a bit of excitement by wetting their toes in other cryptos

Wombatman

discombobulate wrote: »

I wonder how much of the spike in LTC and ETH is down to BTC slightly plateauing for a couple of days and new Coinbase and GDAX users looking for a bit of excitement by wetting their toes in other cryptos

Possibly BTC holders hedging against the impact of BTC future trading.

jester77

discombobulate wrote: »

I wonder how much of the spike in LTC and ETH is down to BTC slightly plateauing for a couple of days and new Coinbase and GDAX users looking for a bit of excitement by wetting their toes in other cryptos

High fees and long transaction times are sure to be playing a part.

discombobulate

Wombatman wrote: »

Possibly BTC holders hedging against the impact of BTC future trading.

jester77 wrote: »

High fees and long transaction times are sure to be playing a part.

Bit of a perfect storm of a few different factors

GreeBo

Anyone been able to product a ledger export on Kraken lately?

Trying for the last 24 hours and they just sit there queued...

ZeroThreat

discombobulate wrote: »

I wonder how much of the spike in LTC and ETH is down to BTC slightly plateauing for a couple of days and new Coinbase and GDAX users looking for a bit of excitement by wetting their toes in other cryptos

just had a quick look at CMC, seems they're also heading for DASH, shooting up to about $850 right now.

EagererBeaver

ZeroThreat wrote: »

discombobulate wrote: »

I wonder how much of the spike in LTC and ETH is down to BTC slightly plateauing for a couple of days and new Coinbase and GDAX users looking for a bit of excitement by wetting their toes in other cryptos

just had a quick look at CMC, seems they're also heading for DASH, shooting up to about $850 right now.

Dash is getting a huge push at the moment. I've heard of several people who wouldn't have come close to crypto before going to seminars in hotels on Dash.

blindside88

EagererBeaver wrote: »

Dash is getting a huge push at the moment. I've heard of several people who wouldn't have come close to crypto before going to seminars in hotels on Dash.

You can say that again

Blacktie.

blindside88 wrote: »

You can say that again

Dash is getting a huge push at the moment. I've heard of several people who wouldn't have come close to crypto before going to seminars in hotels on Dash.

at9qu5vp0wcix7

hogan90 wrote: »

Has anybody sold coin and deposited the money into your bank account from coinbase? just wondering how easy it is to do so?

I've done it, surprisingly only took 1 working day.

Truckermal

GreeBo wrote: »

Anyone been able to product a ledger export on Kraken lately?

Trying for the last 24 hours and they just sit there queued...

I'm trying since the weekend and it keeps crashing... I even tried during the night and it's the same.

DeVore

Its going to be fun watching the new traders lose their sh*t when the inevitable dip comes... till then, my NEO/ETH/OMG play is paying off today. Wonder if I will be broke or a millionaire tomorrow lol...

JaCrispy

DeVore wrote: »

Its going to be fun watching the new traders lose their sh*t when the inevitable dip comes

Why would that be fun?