HWZ Forums

Login Register FAQ Mark Forums Read

Anyone here buy bitcoin? (do not advertise/post referrals/emails)

Like Tree225Likes
Reply
 
LinkBack Thread Tools
Old 12-05-2017, 10:36 PM   #76
Junior Member
 
Join Date: May 2016
Posts: 54
Keen in BitCoin Trading

I am newbies.
Wanna know more about BTC.
Hope to get someone as mentor to guide.
Seen so many youtube, getting more confuse.
Some apps have referral, some dont..
Thanks
ONEXOX DEALER is offline   Reply With Quote
Old 05-06-2017, 12:11 PM   #77
Junior Member
 
Join Date: Jun 2017
Posts: 21
I am newbies.
Wanna know more about BTC.
Hope to get someone as mentor to guide.
Seen so many youtube, getting more confuse.
Some apps have referral, some dont..
Thanks
BTC is bitcoin in short. It is one of the cryptocurrency, meaning currency in digital form. Bitcoin is considered the first crypto currency to be 'invented' or coded.
Think of it as gold or silver where you need to mine it. All crypto currency needs to be mine in order to be available. When a currency needs to be sent to someone else, a coding is required to encrypt it. Only the person with the encryption can open it.
For actual owning, buying and selling bitcoins or other cryptocurrency, you will first need to exchange real money in sgd, usd, eur, etc for a cryptocurrency. Once in digital form, you can send and receive this currency to other person or exchange of your choice.
But beware that some exchange or person you buy from may be scam. So you will need to do your research before depositing money to buy them. Hope this helps.
~Dragonite~ likes this.
nashlin is offline   Reply With Quote
Old 05-06-2017, 01:39 PM   #78
Senior Member
 
Join Date: Jun 2010
Posts: 871
BTC is bitcoin in short. It is one of the cryptocurrency, meaning currency in digital form. Bitcoin is considered the first crypto currency to be 'invented' or coded.
Think of it as gold or silver where you need to mine it. All crypto currency needs to be mine in order to be available. When a currency needs to be sent to someone else, a coding is required to encrypt it. Only the person with the encryption can open it.
For actual owning, buying and selling bitcoins or other cryptocurrency, you will first need to exchange real money in sgd, usd, eur, etc for a cryptocurrency. Once in digital form, you can send and receive this currency to other person or exchange of your choice.
But beware that some exchange or person you buy from may be scam. So you will need to do your research before depositing money to buy them. Hope this helps.
Noob question to ask, is it difficult to withdraw my bitcoin into cash in singapore?there are machines for me to deposit cash to become bitcoin but not the other way
~Dragonite~ likes this.
subprimelive is offline   Reply With Quote
Old 05-06-2017, 02:11 PM   #79
Arch-Supremacy Member
 
havetheveryfun's Avatar
 
Join Date: Jul 2010
Posts: 12,990
Noob question to ask, is it difficult to withdraw my bitcoin into cash in singapore?there are machines for me to deposit cash to become bitcoin but not the other way
not difficult, use sites like coinhako to send ur btc to ur coinhako wallet then sell to SGD then withdraw from there
~Dragonite~ and nashlin like this.
havetheveryfun is offline   Reply With Quote
Old 07-06-2017, 09:29 AM   #80
Junior Member
 
Join Date: Oct 2014
Posts: 7
Hi there,
Im a newbie and I'm wondering where is the best place to buy BTC?
Coinbase, coinhako or localbitcoin,...?
My priorities is cheap and secured, so I've done some calculations to measures about how much I need to pay to buy 1BTC at 9.20am, 7th June (price on their website in sgd ):

1. Coinbase
3896 (price) + 3896x3.5% (fee) = 4048$
2. Coinhako
4149 (price) + 4149x0.9% (fee) = 4186$
2. Localbitcoin:
Cheapest seller is selling at 4286$

- about security: coinbase is the best (i guess) because they are US based boker and got website and mobile app pretty good.

=> so is Coinbase the best place to buy bitcoin?
Anything wrong or missing in my calculations (like hidden fees,....) pls correct me.
Hope to hear from you guys!!!
~Dragonite~ and nashlin like this.
Duongmanh92 is offline   Reply With Quote
Old 07-06-2017, 10:56 AM   #81
Member
 
Join Date: Aug 2016
Posts: 218
Anyone totally new but interested in understanding the technology behind cryptocurrencies like Bitcoin, Ethereum, etc, feel free to contact me.

I am willing teach for free (yes i mean it, no surveys or sneaky stuff, im not here to sell insurance) via a meetup session. My purpose is to educate all those interested in this upcoming technology as I believe it will revolutionize the world. That said, what you make of it at the end of the session is completely up to you.
Dream Store is offline   Reply With Quote
Old 08-06-2017, 11:21 AM   #82
Senior Member
 
Join Date: Mar 2001
Posts: 2,002
FYBSG is charging 0.6% only. I've been using them
~Dragonite~ likes this.
Soul77 is offline   Reply With Quote
Old 08-06-2017, 11:25 AM   #83
Supremacy Member
 
Join Date: Sep 2007
Posts: 9,687
I just used fybsg few days back. Deposited, Bought and sold plus withdrew as well....All working fine.
~Dragonite~ likes this.
bakuten is offline   Reply With Quote
Old 08-06-2017, 04:00 PM   #84
Junior Member
 
Join Date: Jun 2017
Posts: 21
I just used fybsg few days back. Deposited, Bought and sold plus withdrew as well....All working fine.
How is the exchange rate?

I have a short experience with coinHako. It was all good with low commission at 0.9%. However, the exchange price is about 3-4% difference compared to coinbase. very sad.

I wanted to use coinbase but now, their xTransfer is disabled. Only way to trade is using debit/credit card, which is expensive.

Anyone else have other platform's good experience?
~Dragonite~ likes this.
nashlin is offline   Reply With Quote
Old 08-06-2017, 04:08 PM   #85
Junior Member
 
Join Date: Jun 2017
Posts: 21
Hi there,
Im a newbie and I'm wondering where is the best place to buy BTC?
Coinbase, coinhako or localbitcoin,...?
My priorities is cheap and secured, so I've done some calculations to measures about how much I need to pay to buy 1BTC at 9.20am, 7th June (price on their website in sgd ):

1. Coinbase
3896 (price) + 3896x3.5% (fee) = 4048$
2. Coinhako
4149 (price) + 4149x0.9% (fee) = 4186$
2. Localbitcoin:
Cheapest seller is selling at 4286$

- about security: coinbase is the best (i guess) because they are US based boker and got website and mobile app pretty good.

=> so is Coinbase the best place to buy bitcoin?
Anything wrong or missing in my calculations (like hidden fees,....) pls correct me.
Hope to hear from you guys!!!
Yes, that is my research as well. Coinbase has cheaper price. HOWEVER, I have no luck with deposit with coinbase because they disabled Xtranfer. On top of that, I visited their Facebook page. Many users facing issue of getting their money or funds deposited. So i have my doubts with coinbase for now... Investment could end up a one way traffic in and nothing comes out from coinbase.
~Dragonite~ likes this.
nashlin is offline   Reply With Quote
Old 09-06-2017, 09:17 AM   #86
Junior Member
 
Join Date: Oct 2014
Posts: 7
Yes, that is my research as well. Coinbase has cheaper price. HOWEVER, I have no luck with deposit with coinbase because they disabled Xtranfer. On top of that, I visited their Facebook page. Many users facing issue of getting their money or funds deposited. So i have my doubts with coinbase for now... Investment could end up a one way traffic in and nothing comes out from coinbase.
I need to correct my calculations: coinbase fee = 3.5% (credit/debit card fee) + 1.9%(tradding fee)= 5.4%. But it still cheapest (because price in coinbase is much cheaper than any other platform) .
Xfers is closed now because of Government (i guess) but u still can fund by credit/debit card which is more expensive (but still cheapest. Lol).
Still cant find any better platforms. Searching about 15 platforms but Coinbase still the best (in my opinion)

As you said some ppl can not withraw money from Coinbase, we really need someone here got Coinbase experience
~Dragonite~ and nashlin like this.

Last edited by Duongmanh92; 09-06-2017 at 09:21 AM..
Duongmanh92 is offline   Reply With Quote
Old 09-06-2017, 03:10 PM   #87
Supremacy Member
 
Join Date: Sep 2007
Posts: 9,687
How is the exchange rate?

I have a short experience with coinHako. It was all good with low commission at 0.9%. However, the exchange price is about 3-4% difference compared to coinbase. very sad.

I wanted to use coinbase but now, their xTransfer is disabled. Only way to trade is using debit/credit card, which is expensive.

Anyone else have other platform's good experience?
Can't really remember. Cuz I was in a rush to transfer the BTC to another exchange to buy DGB. The gains i made more than covered any few % difference here.

The remaining money that couldn't get the btc at the price I bidded for ...I just withdrew.
~Dragonite~ and nashlin like this.
bakuten is offline   Reply With Quote
Old 09-06-2017, 05:10 PM   #88
Junior Member
 
Join Date: Jun 2017
Posts: 21
I need to correct my calculations: coinbase fee = 3.5% (credit/debit card fee) + 1.9%(tradding fee)= 5.4%. But it still cheapest (because price in coinbase is much cheaper than any other platform) .
Xfers is closed now because of Government (i guess) but u still can fund by credit/debit card which is more expensive (but still cheapest. Lol).
Still cant find any better platforms. Searching about 15 platforms but Coinbase still the best (in my opinion)

As you said some ppl can not withraw money from Coinbase, we really need someone here got Coinbase experience
haha lets see if we have any brave souls who had been trading with coinable recently.
~Dragonite~ likes this.
nashlin is offline   Reply With Quote
Old 09-06-2017, 05:38 PM   #89
Junior Member
 
Join Date: Jun 2017
Posts: 21
Can't really remember. Cuz I was in a rush to transfer the BTC to another exchange to buy DGB. The gains i made more than covered any few % difference here.

The remaining money that couldn't get the btc at the price I bidded for ...I just withdrew.
Thanks bakuten for the sharing. I did a quick calculation comparing coinbase and fybsg price of BTC. At the time of comparison,

FYBSG website price : $4000
Fee : 0.6%
1 BTC cost = $4024

Coinbase chart price: $3890
Card Fee: 3.5%
1 BTC cost = $4026.15

Coinhako price: $4084
Fee: 0.9%
1 BTC cost = $4120

So FYBSG should be same if not cheaper price. On top of that, I think FYBSG seems more reliable than coinbase. Although they only offer BTC, it is good enough to buy and send to trading platform for trading or investment.
~Dragonite~ likes this.

Last edited by nashlin; 09-06-2017 at 05:46 PM.. Reason: Name wrong spelling
nashlin is offline   Reply With Quote
Old 11-06-2017, 03:54 PM   #90
Senior Member
 
Join Date: Jul 2000
Posts: 1,810
Actually i have this scenario in mind, i wonder if someone can guide me along if this is actually more expensive way of doing ?

Scenario:
1) Buy BTC via fybsg as it is cheap and easiest way of buying in SG.
2) Transfer BTC from fybsg wallet to coinbase wallet
3) Do trading in coinbase as the spread is better there, and they offer other cryptocurrency (Litecoin, Eth)
4) Transfer back BTC from coinbase to fybsg / coinhako
5) Cash out from fybsg / coinhako


not sure will there be any fees for wallet to wallet transfer ?
~Dragonite~ likes this.
laxer is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On

Samsung
Play & Win