Im wondering what is the easiest way to buy Ethereum without overpaying in commissions and bitcoin speculation 2016. BTC Markets allows buying Ethereum using Australian Dollars. Ask spread can be very wide. Does anyone have any experience in this area, it all seems a bit overwhelming at first.
I don’t know that company that if you want to buy shares you clearly have to pay commission and fees. It is quite cheap to buy shares these days. I have no recommendations but I have found that Commsec is quite good. I am sure there are many other brokers that can do the same. Possibly join the above through the Commonwealth Bank or any other bank that offers this service of trading shares. Ethereum is a pump and dump cryptocurrency and you cannot buy it on the ASX. Ethereum is also hyped to sound technically impressive, but fundamentally it brings little new to the table and its attempt at Proof of Stake has been thoroughly debunked as non-consistent.
Their proposed scalability solution is identical to merged mining as published by Blockstream two years ago, but as they’re con artists they’ve chosen to reband it and pretend they came up with something new. BTC to Ether on Poloniex exchange. I moved thousands of ether this way and think its the most economical option. I understand now with a few searches and the main one being wikipedia.
I think I still have 3 bit coins. That will be a challenge as to how good I am in keeping information on my computer. Bitcoin will be just a value holding coin, Ethereum will power the internet of things. I’ve bolded the first five letters. We offer a managed service, so once you have bought blockchain assets you may send, receive and store your assets on our exchange. We always recommend that our users manage their own funds and withdraw to a personal wallet after purchase.
So what you savvy investors using ? I used to use coinjar to sell my btc, is it now considered too expensive? Coinjar does only bitcoins not ethereum. Anyone care to shed their advice? Which wallet do u use ?
Also btmarket advises to use your own wallet. 2500 AUD daily that is put in to the cash account, you then need to convert that in to bitcoins from there. It has the ability to hedge so your bitcoins you can convert back to cash and then back to bitcoin as you see fit. Quite a nice service, just lacks the trade book to facilitate the orders you want to purchase at, Independent Reserve is better for this. I usually buy with Coinjar, Independent Reserve, or others and then push them in to Poloniex and convert.
Is it better to buy bitcoin first and exchange to eth? I’d be looking as to where is cheaper or looking at which will be better to go with btc then convert or eth then convert if required. I used to buy on LBC but there were too many people out there taking advantage of the profit margins. 25,000 per day to be withdrawn. It would take me 3 weeks to siphon my money out! If you have any doubts, begin the account creation process.
I assure you, you will be impressed and satisfied. I see if I want to deposit bitcoins to BTCMarkets I get what I presume is my own personal Bitcoin address i. Is that address they give me not secure for storing bitcoins? How is that different from a “wallet”? You don’t own the private key for that receiving address. So technically it’s in their hands and history has proven that hacks are possible. But am I right to presume that each user will have their own address?
But technically as you say, it is still theirs, not mine. Otherwise, how would they know who the deposit came from. A wallet can have an almost infinite amount off addresses and they just assign one of them for you. Hi All been doing a lot of research on ETH lately and wanting to buy. I’m just skeptical about buying ETH in Australia. I know there’s company’s out there ie coinspot, coinbase and btcmarkets but I’m little worried about the identity process and once you put all your details and they verify you , what do they do with your personal information.
Can hackers hack there systems and potentially your identity has also been stolen . These organisations aren’t big banks so technically if these organisations go tits up tomorrow what happens to your personal information. I may be a little ignorant however I’m just trying to wrap head around it. Any legitimate exchange will require you to prove your identity. With Bitstamp I suggest sending AUD and let them do the exchange to USD or EUR as you will get a better rate. You can see your order in the queue, etc. Storage-wise, I’m waiting for a Ledger Nano S offline wallet to turn up so I can transfer the ETH there.
Happy to post more once I get my hands on it and see how it works. Where do you buy your coins from? Tim,, I’ve read btcmarkets can be hacked easy? Did you pen test them or something?