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Hashish

Getting BTC

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Posted (edited)

Okay, I have a question about acquiring BTC to trade for CSC. I choose BTC because it seems much cheaper to buy CSC with BTC than with XRP. My big aggravation with the process is getting the BTC. Right now I use Uphold, but the fees and huge delay for their ACH deposits really piss me off. For example, I deposited a week ago. I had to bitch at them yesterday to get them to release my funds, pointing out to them that an ACH transfer takes a max of three days. I asked them why they always hold the deposit for a minimum of a week. For the first time ever it only took six days; they released it immediately after I bitched about it. I pointed out that I would use them a lot more if it wasn't for their long holds. Then there is the whole fee for withdrawing as well, which I didn't even get into.

To get around all that, my preferred method of acquiring BTC is to make a Moneygram deposit into my sportsbook, place a wager or two that I feel are locks, and then withdraw in Bitcoin. Of course, occasionally I do lose funds, but overall I am up. The problem is that I have to deposit a minimum of $300 to my sportsbook to avoid their fees (they even cover the Moneygram fee if I send $300 or more). Sometimes I want to add to my bags with a spare $50 or $100 that I have to spend, and then I am at the mercy of Uphold and their BS fees and long holds. Does anyone have a cheaper, simpler way of getting BTC? Maybe I am just impatient and need to chill?

 

TL;DR What is the cheapest, easiest way to get BTC quickly?

Edited by Hashish
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I've been depositing via bank transfer to Coinbase, buying BTC and sending it to STEX to buy CSC. Takes less than 2 hrs from start to finish.

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Posted (edited)

Same here as @CasinoCoin: sending fiat to coinbase then buying on coinbase pro BTC there too, then sending the btc elsewhere to buy csc (i've used Nlexch, Nuex and Stex). Longest wait is for your fiat to arrive in coinbase (especially if its a weekend, the bank transfers only work on weekdays!) but once its there its plain sailing.

 

EDIT: edited to specify I use coinbase pro (what used to be Gdax) for the absolute minimum fees; if you use normal coinbase their fees are high, its pennies on coinbase pro

Edited by TheKeiron
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1 hour ago, Hashish said:

Okay, I have a question about acquiring BTC to trade for CSC. I choose BTC because it seems much cheaper to buy CSC with BTC than with XRP. My big aggravation with the process is getting the BTC. Right now I use Uphold, but the fees and huge delay for their ACH deposits really piss me off. For example, I deposited a week ago. I had to bitch at them yesterday to get them to release my funds, pointing out to them that an ACH transfer takes a max of three days. I asked them why they always hold the deposit for a minimum of a week. For the first time ever it only took six days; they released it immediately after I bitched about it. I pointed out that I would use them a lot more if it wasn't for their long holds. Then there is the whole fee for withdrawing as well, which I didn't even get into.

To get around all that, my preferred method of acquiring BTC is to make a Moneygram deposit into my sportsbook, place a wager or two that I feel are locks, and then withdraw in Bitcoin. Of course, occasionally I do lose funds, but overall I am up. The problem is that I have to deposit a minimum of $300 to my sportsbook to avoid their fees (they even cover the Moneygram fee if I send $300 or more). Sometimes I want to add to my bags with a spare $50 or $100 that I have to spend, and then I am at the mercy of Uphold and their BS fees and long holds. Does anyone have a cheaper, simpler way of getting BTC? Maybe I am just impatient and need to chill?

 

TL;DR What is the cheapest, easiest way to get BTC quickly?

Hey Buddy, I just stopped buying CSC with BTC. The last time I used that fricking coin I had to wait 14 hours to get Confirmed and deposited. Also the fees were too high.

Now I just buy CSC with XRP on Nuex. I also use UpHold and I’m pretty happy with them. 

Right now I have some XRP in my Ledger Nano S (I HODL XRP and CSC only), so what I do is; I buy XRP on UpHold, let’s say 1000 dlls and that gives me 3,000 XRP, I send immediately those 3,000 XRP from my ledger nano to Nuex, so I don’t have to wait for UpHold to release those funds (I’m hodling those XRP anyways), I receive those XRP on Nuex in less than 5 secs and I click the buy button. Then I just send my fresh CSC to my wallet and voila, that’s it. The whole process since I buy XRP on UpHold to receive my CSC on my wallet takes about 5 minutes. :spiteful:

As I said, I just stopped using BTC because it’s sooooooooooooo slow and it’s much more expensive than transfer XRP. I just can’t  take it anymore!!... I think I truly hate BTC. :sarcastic:

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@Hashish there are many websites that take credit or debit cards. In addition you can use MoneyGram or Western Union and buy from localbitcoin 😉 that's one of the ways I get my BTC otc 😉

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2 hours ago, CasinoCoin said:

I've been depositing via bank transfer to Coinbase, buying BTC and sending it to STEX to buy CSC. Takes less than 2 hrs from start to finish.

2 hours ago, TheKeiron said:

Same here as @CasinoCoin: sending fiat to coinbase then buying on coinbase pro BTC there too, then sending the btc elsewhere to buy csc (i've used Nlexch, Nuex and Stex). Longest wait is for your fiat to arrive in coinbase (especially if its a weekend, the bank transfers only work on weekdays!) but once its there its plain sailing.

 

EDIT: edited to specify I use coinbase pro (what used to be Gdax) for the absolute minimum fees; if you use normal coinbase their fees are high, its pennies on coinbase pro

I wish I could do this, but Coinbase banned me for some reason that I have never been able to get an answer about from them. I believe it may be because I transferred Bitcoin from them to a sportsbook several years ago.

1 hour ago, LeGonze said:

Hey Buddy, I just stopped buying CSC with BTC. The last time I used that fricking coin I had to wait 14 hours to get Confirmed and deposited. Also the fees were too high.

Now I just buy CSC with XRP on Nuex. I also use UpHold and I’m pretty happy with them. 

Right now I have some XRP in my Ledger Nano S (I HODL XRP and CSC only), so what I do is; I buy XRP on UpHold, let’s say 1000 dlls and that gives me 3,000 XRP, I send immediately those 3,000 XRP from my ledger nano to Nuex, so I don’t have to wait for UpHold to release those funds (I’m hodling those XRP anyways), I receive those XRP on Nuex in less than 5 secs and I click the buy button. Then I just send my fresh CSC to my wallet and voila, that’s it. The whole process since I buy XRP on UpHold to receive my CSC on my wallet takes about 5 minutes. :spiteful:

As I said, I just stopped using BTC because it’s sooooooooooooo slow and it’s much more expensive than transfer XRP. I just can’t  take it anymore!!... I think I truly hate BTC. :sarcastic:

Wow! I would lose it if it took 14 hours for a transaction to go through. Was that during the December 2017 madness? I like your approach to using your own XRP stack to get CSC while you wait for the XRP buy on Uphold to go through. A few questions though. 1. Isn't it pricier to get CSC with XRP rather than BTC? 2. Don't the fees to withdraw annoy you? 3. How long does it take for your Uphold deposits to process?

 

47 minutes ago, Marco said:

@Hashish there are many websites that take credit or debit cards. In addition you can use MoneyGram or Western Union and buy from localbitcoin 😉 that's one of the ways I get my BTC otc 😉

Both my credit card and bank debit card block crypto purchases at Uphold at least. I also have been wary of trying to use credit cards period because the fees are so high. I like your idea about buying at localbitcoin; I will have to give that a try.

 

Thanks to everyone for your responses! I will probably stick with making the majority of my purchases through my sportsbook route as it seems to work the best for me to avoid the fees and delays of other routes. I wish Coinbase hadn't barred me though; sounds like that is the best method.

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Posted (edited)
21 minutes ago, Hashish said:

Wow! I would lose it if it took 14 hours for a transaction to go through. Was that during the December 2017 madness?

Not really, it was about July-August 2018. It was taking 3-4 hours the previous weeks and then that time it took basically all day to get through. I was getting mad. :JC_out_cold:

21 minutes ago, Hashish said:

1. Isn't it pricier to get CSC with XRP rather than BTC?

It might be a little "pricier" but I usually match it with BTC price. For example; right now on Nuex we have a sell order at 0.0033 XRP that would be $0.0009754. Stex has a sell order at 16 sats that would be $0.0009416. The difference is not much so I just give it a thought if the price is good for me, is it worth it to lose time with that frikin BTC? How much am I going to pay for that BTC transfer? etc etc.

If the price is too different I just put a Buy order to match or maybe to buy it a little cheaper something like a buy order at 0.003185 XRP that would be exactly $0.0009416. :drinks:

21 minutes ago, Hashish said:

2. Don't the fees to withdraw annoy you? 3. How long does it take for your Uphold deposits to process?

Not really. I just try to accumulate "big amounts" of XRP to withdraw. Remember that UpHold has a fixed $2.99 withdrawal fee for any amount of crypto. So, obviously if you withdraw $30.00 worth of crypto, $2.99 looks like too much. But if you withdraw $3,000.00 worth of crypto, $2.99 is nothing really. I've been buying my XRP on UpHold since they went live with XRP (I think it was March last year) and I've been very very pleased with their service. :drinks:

https://uphold.com/en/pricing

Edited by LeGonze
UpHold Link

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7 minutes ago, LeGonze said:

Not really, it was about July-August 2018. It was taking 3-4 hours the previous weeks and then that time it took basically all day to get through. I was getting mad. :JC_out_cold:

It might be a little "pricier" but I usually match it with BTC price. For example; right now on Nuex we have a sell order at 0.0033 XRP that would be $0.0009754. Stex has a sell order at 16 sats that would be $0.0009416. The difference is not much so I just give it a thought if the price is good for me, is it worth it to lose time with that frikin BTC? How much am I going to pay for that BTC transfer? etc etc.

If the price is too different I just put a Buy order to match or maybe to buy it a little cheaper something like a buy order at 0.003185 XRP that would be exactly $0.0009416. :drinks:

Not really. I just try to accumulate "big amounts" of XRP to withdraw. Remember that UpHold has a fixed $2.99 withdrawal fee for any amount of crypto. So, obviously if you withdraw $30.00 worth of crypto, $2.99 looks like too much. But if you withdraw $3,000.00 worth of crypto, $2.99 is nothing really. I've been buying my XRP on UpHold since they went live with XRP (I think it was March last year) and I've been very very pleased with their service. :drinks:

https://uphold.com/en/pricing

That's a good point about the withdrawal fees being fixed. Maybe I will switch from buying every paycheck to buying once a month to reduce the hit from the fees. Thanks for your detailed reply!

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Just now, Hashish said:

That's a good point about the withdrawal fees being fixed. Maybe I will switch from buying every paycheck to buying once a month to reduce the hit from the fees. Thanks for your detailed reply!

Yeah no problem man! :drinks:

By the way, you can buy any time. The buy fees (Fiat->Crypto) are 1.4% so, you can buy every week but withdraw every month maybe? Well, give it a thought and see what's best for you.  :i-m_so_happy:

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