Forex Cryptocurrency General Chit Chat Thread 2019

[singqian]

I had Gemini already. Heard from friend that trading on Gemini cost $40+ for buy and sell.

i oso heard binance is cheapest. haven use it. i juz tried gemini becoz gave up waiting for xfers accnt.
oso looking at eth, but not doge. fees goes from 15% (for v small amts) to 4% ( small amts) to 1.5% (larger amt)

edit: gemini has promotion to trade doge free until 12May. pm me if u wan referral code for gemini.

Use three platforms you can play around with main coins and those small coins:-
Binance SG
Binance
Trust Wallet / Metamask Wallet


Use Binance SG buy coins using xfer (SGD) then transfer to Binance.

Binance - for trading / p2p / to Trust Wallet (transfer BNB via BSC to use as fees payment and some USDT / BNB in order to swap) , Trust Wallet can use to swap in BSC (Binance smart chain aka BEP20)

Trust Wallet (via BSC) to trade / farm / pool in Dapp such as pancakeswap / burgerswap / uniswap / pantherswap / bakeryswap / etc...

slowly explore ba.. dont put all your eggs in one basket.. Do your own research...

remember, it is always high risk and high volatility ...

Dont anyhow below in those telegram / twitter / facebook / chatgroup guide...

Always refer to the official twitter page...

 

[Mr. Wood]

I had Gemini already. Heard from friend that trading on Gemini cost $40+ for buy and sell.

how much yr fren trade ah? ETH i try buy $100 is like $4 fees, $1000 is $15

 

[singqian]

how much yr fren trade ah? ETH i try buy $100 is like $4 fees, $1000 is $15

Binance SG is 0.6% fee only... 4 out of 100 is like 4% fee xia... not worth

 

[scudettoz7]

how much yr fren trade ah? ETH i try buy $100 is like $4 fees, $1000 is $15

Not sure though. Have to ask and confirm

 

[Mecisteus]

I just started with Binance dot com.

For those who have Interactive Brokers and planning to trade with bigger capital, Binance dot com is definitely recommended.

 

[Mr. Wood]

Binance SG is 0.6% fee only... 4 out of 100 is like 4% fee xia... not worth

problem is with xfers.
so try out others first and gemini is one i found can direct credit frm bank.

 

[singqian]

problem is with xfers.
so try out others first and gemini is one i found can direct credit frm bank.

you want to trade more than 30k sgd? then use Binance p2p to buy/sell lo...

 

[singqian]

I just started with Binance dot com.

For those who have Interactive Brokers and planning to trade with bigger capital, Binance dot com is definitely recommended.

you need to have both Binance SG and Binance dot com ... so that it is more economy to purchase coins via Binance SG instead of direct Fiat via Binance dot com.

 

[GreenCurry]

using coinhako for doge

 

[Dteg]

I feel Singapore need to set up our own official exchange like a SGX that people can trust. One that interface cleanly with all the local bank and has no 30k limits

By now, even Visa is starting to move into Crypto, the chance of it going away is getting less and less every day

 

[minamikaze]

Hi! What is the most cost-effective way to withdraw ETH (convert to SGD into my SG bank account) from Coinbase?

 

[singqian]

Hi! What is the most cost-effective way to withdraw ETH (convert to SGD into my SG bank account) from Coinbase?

No idea, never use Coinbase...
send to Binance then use Binance p2p ?

 

[Mecisteus]

you need to have both Binance SG and Binance dot com ... so that it is more economy to purchase coins via Binance SG instead of direct Fiat via Binance dot com.

I don't need SG.

I can obtain USD at spot rate from Interactive Brokers. Only cost is $10SGD incoming fee to DBS. It is a small fee if you move bigger sums.

 

[minamikaze]

Ok, let's say I can transfer to interactive brokers (USD).
What then would be the most economical way to cash out ETH from coinbase? I can't do it directly from coinbase, I think.

 

[LoUsyGamER]

Hi Pros,

Would it be worthwhile to get cold wallet for less than coins worth less $500?

 

[stonkogu]

Hi Pros,

Would it be worthwhile to get cold wallet for less than coins worth less $500?

Don't think it's worth it when a cold wallet is at least $100, thats already 20% of your portfolio. Unless your coins happen to moon then maybe reconsider

 

[singqian]

Hi Pros,

Would it be worthwhile to get cold wallet for less than coins worth less $500?

just use standard wallet like Trust wallet or Balance or metamask...

 

[not mr. wood]

Mon May 17	10:00am	CNY	Industrial Production
Tue May 18	9:30am	AUD	RBA Meeting Minutes
Wed May 19	2:00pm	GBP	CPI y/y
	5:00pm	EUR	CPI y/y
	8:30pm	CAD	CPI m/m
Thu May 20	2:00am	USD	FOMC Meeting Minutes
	9:30am	AUD	Employment Change
		AUD	Unemployment Rate
	10:00am	NZD	Annual Budget Release
	8:30pm	USD	Initial Jobless Claims Philadelphia Fed Manufacturing Index (May)
Fri May 21	3:30pm	EUR	German Flash Manufacturing PMI
		EUR	German Flash Services PMI
	4:30pm	GBP	Manufacturing PMI (May) Services PMI (May)

 

[lanzhu60]

anyone into samtrade fx robo here? been on this for a mth n so far yielding around 6-8% , looking for more views on this

 

[wira]

I feel Singapore need to set up our own official exchange like a SGX that people can trust. One that interface cleanly with all the local bank and has no 30k limits

By now, even Visa is starting to move into Crypto, the chance of it going away is getting less and less every day

Hopefully DBS digital exchange will open up to retail investors soon. This one is also 10% owned by SGX