[havetheveryfun]

laxer wrote:

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 ?

there are fees for wallet to wallet

[laxer]

havetheveryfun wrote:

there are fees for wallet to wallet

so for wallet to wallet, both side will charge ?
i can't seems to find any details on this in the exchanges...

[greenarrow_23]

laxer wrote:

so for wallet to wallet, both side will charge ?
i can't seems to find any details on this in the exchanges...

These are miner fees which are what is commonly known as the transaction cost. A search on the net will tell you that due to the congestion on the blockchain, the fee is quite high now.

[imaraq1]

Has anyone tried itbit? It looks like the spreads are thinner than FYB-SG.

[angelslayer]

Guys, if you want to transfer from one token to another, you can use Shapeshift.io.

But you need to do your own research on the minimal fee they charge.

[nicholaschanze]

Dream Store wrote:

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.

Yes i would be interested to learn more. read some articles but nothing beats hands-on

[deeks07]

nicholaschanze wrote:

Yes i would be interested to learn more. read some articles but nothing beats hands-on

My friend and I would be keen to meet up and discuss too

[deeks07]

Actually quick question? If I use coinbase to buy via credit card and pay the 3.99 % credit call charge plus the 1.5% transaction fee. If and when I do sell my crypto currency, how do I go about withdrawing the money to Singapore bank account?

[spec116]

Anybody using coinhako
The eth/sgd spread gt sgd20+ difference
Btw hw much do u all play? 1k? 10k? 20k?

[Duongmanh92]

deeks07 wrote:

Actually quick question? If I use coinbase to buy via credit card and pay the 3.99 % credit call charge plus the 1.5% transaction fee. If and when I do sell my crypto currency, how do I go about withdrawing the money to Singapore bank account?

Same question here. I think they will do bank tranfer to your bank account which you alrd verified with Coinbase.

[nashlin]

Duongmanh92 wrote:

Same question here. I think they will do bank tranfer to your bank account which you alrd verified with Coinbase.

Yes you can withdraw your funds from coinhako. But their processing time is 3 business days which I felt is a little long. This is my withdrawal from coinhako.

Sorry don't have enough post count to post image.
goo(dot)gl/B03Ce9

[nashlin]

deeks07 wrote:

My friend and I would be keen to meet up and discuss too

I'm not a pro, but have started investing in ETH. I don't mind joining your guys to chit chat about it. Do pm me when you all have set a date. I can help organize a mini meet up too if u like.

[nashlin]

laxer wrote:

so for wallet to wallet, both side will charge ?
i can't seems to find any details on this in the exchanges...

The sender usually will pay the fee to encrypt the money. The receiver doesn't pay.

So far, my experience for BTC is 0.0015 BTC for sending currency to designated address by FYBSG.

ETH is about 0.25% of amount sent, with minimum 0.005 ETH fee by coinhako.

[deeks07]

Has anyone tried withdrawing from coinbase?

nashlin wrote:

Yes you can withdraw your funds from coinhako. But their processing time is 3 business days which I felt is a little long. This is my withdrawal from coinhako.

Sorry don't have enough post count to post image.
goo(dot)gl/B03Ce9

[newjersey]

nashlin wrote:

I'm not a pro, but have started investing in ETH. I don't mind joining your guys to chit chat about it. Do pm me when you all have set a date. I can help organize a mini meet up too if u like.

I am keen as well.... for a meetup.