Buying and selling bitcoin reddit

Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. There are many different payment methods available on LocalBitcoins. In the US you must do this on every transaction. You left this out about Coinbase: once you buy ANY kind of crypto currency, you cannot move it out of your account for 20 days. If most of their feedback is positive, your trade is more likely to go through without issues.

Where can I buy bitcoin?

Update: CoinsPH and Abra section is outdated. They already added other cryptocurrencies. There is a lot of hype about cryptocurrency here in the Philippines. One of the topics from the last Devcon Summit was about Blockchain, which is the tech behind Bitcoin and other cryptocurrencies. When I first got into cryptocurrency around SeptemberI only held Bitcoin.

Buy Bitcoin in:

Online crypto-currency exchange where you can buy and sell bitcoins instantly for cash, credit card, or Paypal. Using our exchanger you can buy, sell, exchange bitcoin, litecoin and other cryptocurrencies at the profitable rates using a licensed service. New Zealand and international traders welcome. World bitcoin community for bitcoin and other crypto users to earn, learn, buy, sell and trade bitcoins to other trusted bitcoin community members directly. Your most trusted bitcoin exchange providing a safe, globally compliant and reputable marketplace for you to buy and sell bitcoins.

Update: CoinsPH and Abra section is outdated. They already added other cryptocurrencies. There is a lot of hype about cryptocurrency here in the Philippines. One of the topics from the last Devcon Summit was about Blockchain, which is the tech behind Bitcoin and other cryptocurrencies.

When I first got into cryptocurrency around SeptemberI only held Bitcoin. The first that I added in my portfolio was Litecoin. It was called to be the silver to Bitcoin. The transaction fees were lower and the speed was a lot faster. I used ShapeShift to convert my Bitcoin in Coins. In these sections, I will give you an insight on the methods that I have already used. The goal of this is to help beginners in buying cryptocurrency in the Philippines and how to cash.

This will help you get started. Remember to only invest what you are willing to lose. The market of cryptocurrency is very volatile. The options that are known to me is through AbraCoins. I will style in bold what I have used in the Abra app.

You can only exchange your Ethereum. As said in their website, you can use it for bills payment and prepaid load. You will have a Peso Wallet and Bitcoin Wallet. The limits on how much you can cash in and cash out depends on your account verification. To be able to load up your account via fiat currency, you need to cash in. You have a lot of options on how you can cash in. What I have used is their UnionBank option where they will present you the details of the account you have to deposit to.

After you were able to cash in, you can now convert to and from your Peso wallet and Bitcoin wallet. If you want to withdraw from your wallet back to fiat currency, what you need to use is cash.

My account is not verified here since I use Abra more. Same as in Abra, some of my friends use this method to cash. I guess we have different tastes.

I have used it to deposit and withdraw. I mainly use this method to withdraw because you have more cryptocurrency options you can send.

IO account with minimum 20 USD. There is also a list of restricted countries and Philippines is not included in the list. You can see below that there is no PHP for fiat. Your crypto balance here is a lot more compared to Abra and Coins. After trading, I use CEX. I only use CEX. IO to convert back to fiat USD and withdraw. There are lots of other cryptocurrencies, e. If you want to hold different cryptocurrencies that does not exist in Abra, Coins. IO, you have two options.

I have only used PoloniexBinanceand Kucoin for trading but you have a lot of options. IO and exchange it into fiat. I recommend that you use CEX. IO to withdraw since they have more cryptocurrency options you can deposit to. If you want to use Abra and Coins. Poloniex is the first that I buying and selling bitcoin reddit for trading.

First, verify your account after registration. You will be asked to take a picture with an ID then you have to wait until they verify it. It has a withdrawal limit of 2 BTC even if not verified. After getting verified in Poloniex, this will appear in your Profile. To transfer the Bitcoin that you bought in Abra or Coins.

If you are confused with what you are seeing, which is my first impression too, I recommend that you start by trading in the USDT tab.

Click the amount that is underlined beside BTC. The Price, Amount, and Total will be automatically filled if you do.

Click sell to proceed. Take note that your sell order might not be filled right away because the market is actively moving the price.

It will be listed there if it is not yet completed. You can wait for it or cancel it then try again for the most recent price. To transfer your cryptocurrency from Poloniex to other exchanges like Abra, Coins. Like in Poloniex, you can buy and sell in the Exchange tab. I recommend this since it has an Android and iOS app and you have more options to buy and sell.

I just recently used Kucoin. If you were able to navigate through Poloniex and Binance, you should be fine using Kucoin. I you feel generous and want to thank me for this post, you can always send me some cryptocurrency.

Here are some of my address:. PS: The methods that were listed here are those that I have already tried myself and is still working at the time of writing.

Always be careful with the address when sending. Sending to an invalid address is like burning your money to ashes.

You are responsible for your money and trades. Good luck and happy trading! John Eris Villanueva johnerisvillanueva.

Tweet This. Trading the act of buying, selling, or exchanging There are lots of other cryptocurrencies, e. How do I buy and sell other cryptocurrencies? So now you already have Bitcoin in Poloniex. Send bought Bitcoin to Poloniex, Binance, or Kucoin. Convert to cryptocurrency available in CEX. Send cryptocurrency in CEX. Trade cryptocurrency in CEX.

IO to Bitcoin. Convert Bitcoin in CEX. IO to USD. Here I added some tips and answers to frequently asked questions to help you keep going. Where can I follow the cryptocurrency community? Everyone is active in Reddit! Usually a cryptocurrency has its own subreddit. How much should I invest in cryptocurrency? You are responsible for your money! Yes, it could double fast but it can crash like crazy. In what cryptocurrency should I invest? Research and find the cryptocurrency that you believe in.

No one can predict the market. Most trading platforms are recommending Two-Factor Authentication, why should I use it and what is Google Authenticator? This one is important. If your password has been compromised, two-factor authentication will save you. You will be given a code which you have to keep in safe place. Write it. You will need this code for Google Authenticator. This will allow Google Authenticator to generate a password that changes every 30 seconds.

Can I play the bitcoin market without buying bitcoin?

It can even be a piece of paper! We also have a detailed guide which reveals your options for buying without verification or ID. Certain exchanges sellimg simply there to steal your personal information or rob you of your bitcoins. Kenny Li. The previous high was over 1, days. Buy Bitcoin Worldwide is for educational purposes. Some of the things that can affect the fees you pay are. It also has good customer support services. Real investing is persistent and it takes having knowledge about the projects you invest in. Today, all buying and selling bitcoin reddit Bitcoins in the world are worth more than billion US Dollars! Bitcoin wallets are where you keep all the codes you need to access your Bitcoin. LocalBitcoins is one of the few exchanges that encourages its users to meet each other in-person to buy and sell Bitcoin. I like to follow two rules regarding. I’ve never fallen victim to a single scam. Many people like to purchase some and put them to the side in the hopes that they will be bitccoin buying and selling bitcoin reddit in the future. This means that you can buy Bitcoin without paying any fees! It might take some time for your order to be filled.