A few days ago I wanted to buy STEEM with dollars. I bought BTC from a website, sent it to a market site for a substantial fee. Then bought some STEEM on the market and transferred it here.
Today I realize that it's probably better to buy LTC because transferring it to the market is so cheap. But am I losing some of that value somewhere else, like on the market somehow?
Anyways, I was wondering if there's a site or tool that does calculations like this without me having to retrieve all of the market data myself.
Image property of Emily Morter https://stocksnap.io/photo/KV6IATK4SM
Transferring coins from one wallet to another is basically free for all alt coins and wallets. The part that costs money is the buying and selling one altcoin or another. For that you'll have to go shopping for prices. What I can tell you is....Coinbase is not the cheapest...they charge 1.49% to buy in as opposed to say an app called Uphold that charges .75% for the same transaction.
Uphold looks pretty sweet, I'm installing it now. Thanks for the recommendation.
Is there a general best practice for buying altcoins with fiat? I feel like it was a rookie mistake to buy BTC with cash because it costs so much to move it to the exchange. Am I right in thinking that?
If you were buying an altcoin with fiat, how would you go about it?
I don't currently know of a way to buy alt coins with fiat aside from the ones listed on Coinbase. Good news is that they plan to add more Alts this year so you'll be able to buy what there already have (ETH LTC) as well as the new ones directly with fiat. Let me know if you find a way though that would be cool.
It looks like https://blocktrades.us/ is kind of what I was looking for. Buying LTC and sending it through blocktrades looks like the best option that I've seen so far.
That's not true, transferring bitcoin from one wallet to another can cost you $2 and there are fees for other coins as well.
This is from Coinbase support:
"We don't charge a fee to send bitcoin out from your bitcoin wallet on any amount over 0.0001 BTC.
(Sending over 0.0001 bitcoin is free) The TX fee paid to the bitcoin miners is paid for you by Coinbase
If you send less than 0.0001 BTC, then there will be a mandatory TX fee added to pay the bitcoin miners. We won't pay the bitcoin TX fee when you send less than 0.0001 BTC.
Sending bitcoin from one Coinbase wallet to another Coinbase wallet is always free (no fee) no matter how little bitcoin you send.
There is no fee for receiving bitcoin."
Is there a way to change the pay-out after you submit a post? I thought it was set to 50/50.
This would be very useful to know!!