Official Cryptocurrency Trading Thread

[nzwasp]

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@nzwasp are you finding most of these through that dxsale site?

Nope I usually find out about them on cryptomoonshots and the other various subreddits on reddit. I dont know how you find legitimate stuff on dxsale. The only one I hope that isnt a rug pull on dxsale is that effin finance one and the rugpulls I have seen on dxsale usually have way better sales pitches and marketing and shilling and fill up fast.

For the projects that I do have I just need to sit on it and wait for a month but its hard to not pull out and fomo into something else.

[89coupe]

I bought a nice chunk of Ethereum today.

[nzwasp]

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I bought a nice chunk of Ethereum today.

How many fees did you pay for that?

[spikerS]

OK, so i made my first withdraw from nicehash. measly $61 USD. Now I wanna buy something. What should I put it in, and how do I get it. I am completely new to this. I dont care much if I win or lose with this. I just want the experience. ELI5!

[89coupe]

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How many fees did you pay for that?

I purchase through ShakePay

https://shakepay.com/fees

[ExtraSlow]

61 cans of AGD?

[89coupe]

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OK, so i made my first withdraw from nicehash. measly $61 USD. Now I wanna buy something. What should I put it in, and how do I get it. I am completely new to this. I dont care much if I win or lose with this. I just want the experience. ELI5!

The way I do it is two accounts.

ShakePay & Binance

I first purchase through ShakePay and then transfer to Binance account as they have a wider range of currencies/coins.

Convert the Ethereum or Bitcoin into Tether and then purchase whatever you want. Whole process takes about 5 minutes.

[nzwasp]

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The way I do it is two accounts.

ShakePay & Binance

I first purchase through ShakePay and then transfer to Binance account as they have a wider range of currencies/coins.

Convert the Ethereum or Bitcoin into Tether and then purchase whatever you want. Whole process takes about 5 minutes.

I think most people are doing that. And then transfer it to BNB and send it to metamask and 10X-100X your money - easy.

[LilDrunkenSmurf]

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OK, so i made my first withdraw from nicehash. measly $61 USD. Now I wanna buy something. What should I put it in, and how do I get it. I am completely new to this. I dont care much if I win or lose with this. I just want the experience. ELI5!

As stated below, you can transfer to a larger exchange like binance, or setup a coinbase account. NH will integrate directly w/ Coinbase, and you can exchange it for any of their 50 tokens. ETH is a pretty good choice right now.

[ercchry]

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OK, so i made my first withdraw from nicehash. measly $61 USD. Now I wanna buy something. What should I put it in, and how do I get it. I am completely new to this. I dont care much if I win or lose with this. I just want the experience. ELI5!

Where did you withdraw to?

[spikerS]

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Where did you withdraw to?

to trust wallet. now it's in shakepay. I think that was a mistake as it took a chunk. figured i could buy through shakepay, but its just another wallet. now i gotta get it into binance or something so i can buy coins, right?

[ercchry]

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to trust wallet. now it's in shakepay. I think that was a mistake as it took a chunk. figured i could buy through shakepay, but its just another wallet. now i gotta get it into binance or something so i can buy coins, right?

Yeah, with that small of an amount you’ll need binance as you will want to convert to BNB before sending it to trust wallet as you will be playing with BEP20 tokens as gas fees for ERC20 tokens are $$$

I’m withdrawing directly from miners to binance, convert to BNB, send to trust smart chain address, then playing around with DEX based coins from there

[ZenOps]

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[spikerS]

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Yeah, with that small of an amount you’ll need binance as you will want to convert to BNB before sending it to trust wallet as you will be playing with BEP20 tokens as gas fees for ERC20 tokens are $$$

I’m withdrawing directly from miners to binance, convert to BNB, send to trust smart chain address, then playing around with DEX based coins from there

any idea how long it takes to go from shakepay to binance? Seems to be taking a while, and I haven't gotten it yet

[nzwasp]

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any idea how long it takes to go from shakepay to binance? Seems to be taking a while, and I haven't gotten it yet

It can take up to 45 mins in my experience. Also seems like binance has suspended some withdrawals at the moment, for instance I cant withdraw bnb to my metamask account right now.

[spikerS]

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It can take up to 45 mins in my experience. Also seems like binance has suspended some withdrawals at the moment, for instance I cant withdraw bnb to my metamask account right now.

ok, it just arrived.

Ok, give me your best guess, where should I drop my measly little sum into?

[ercchry]

Yeah, BSC is a little flaky today, contracts are taking longer to approve also

[roopi]

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It can take up to 45 mins in my experience. Also seems like binance has suspended some withdrawals at the moment, for instance I cant withdraw bnb to my metamask account right now.

Why would withdrawals be suspended? Legitimate question but seems shady.

[nzwasp]

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Why would withdrawals be suspended? Legitimate question but seems shady.

There was a lot of bsc network slowness today. It resolved after about 20mins.

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ok, it just arrived.

Ok, give me your best guess, where should I drop my measly little sum into?

One of those 4 I mentioned above.

[LilDrunkenSmurf]

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Why would withdrawals be suspended? Legitimate question but seems shady.

Binance does this regularly. It's semi shady, but they usually claim "maintenance"