Coinbase - Users

Scottspurs

Scottspurs

Active Member
Hi all

Does anyone in Aussie use coinbase. I am a labouter and one of the guys persuaded me to put $200 over a couple of beers.

Not good financial acumen I know, but it's done.

Does anyone use them and what is your system for withdrawn?

Many thanks
Scott
 
Alot of people would have used coinbase, its entry level crypto, you simply just send it to another wallet...

Your private wallet or whoever you sold too

Or an exchange

In Australia they dont allow to sell back to coinbase but if you ever wanted to sell in future you could do it here....

Anyway welcome to crypto

Dont be afraid to throw any other questions out at us

Regards Anthony
 
I did a lot of buying on Coinbase initially because it is so simple to use.
Be aware that if you use a credit card your local bank may charge an international transaction fee (+3%).
So with a Commbank DEBIT card I have not been charged an ITF.

You need to learn about wallets.

There are:
online wallets
Desktop wallets
paper wallets
hardware wallets

I have used all four.

You need do some research on which wallet suits you best.

What Crypto have bought? Can be more specific if we know.


There is saying with CRYPTOS -
If you cannot afford to lose it, stay clear of buying cryptos.
 
Thank you for both for your replies.

I bought Etherium.

I will certainly need to research more. Especially wallets. They seemed to make it so easy compared to say Etherdelta.

I am quite happy to speculate $200 on something and learn as I go. I was initially concerned it was a scam because of how easy they made it.

I used a debit card so pleased to say no bank fees.

Many thanks
 
In the USA it’s the primary way to buy bitcoin,Ethereum, lite coin, and BitcoinCash. Buy from your bank account, with paypal, or credit card. You can also sell your cryptos back to them easily for your national currency right into your bank account. They’re getting 100,000 new users a day. Some also buy on local bitcoins.
You can send your btc and Ethereum to a exchange like binance to buy a wider variety of coins.
 
coinbase tracks your transactions, so careful where you send it.
if they dont like where you send them they will close your account.
 
FIY, that is not me the emails are addressed to, just you requested evidence, thats the most obvious.
I have not had issues with them myself, but know of many that have. You dont need to be smoking weed, people sending to gambling sites or OTC sites are also banned.

here is a link, which i understand the site uses your browser for mining so dont recommend clicking it so screenshotted a snippet
https://news.dinbits.com/2018/01/bitcoin-taint-analysis-check.html

Screen Shot 2018-01-15 at 9.52.19 am.png
 
this is one reason people should fight against regulations, as all exchanges will end up haveing to do the same thing
 
Ok. Thank you for this. Well I am not interested in buying that kind of stuff.

Is Coinbase considered an exchange?

They mention my wallet or is it both a wallet and exchange?
 
Can't quite work this out

Is Coinbase a wallet or exchange? Is it safe to leave any purchases of crypto within Coinbase?

Also I don't want to ask too many questions as I guess all the answers are already on online. My question is where does one start to learn more about Cryptocurrency, preferably an unbiased and simple YouTube channel or blog.
 
Its an exchange and your cryptocurrencies will be largely unsecured on there- But it is easy to send stuff from there to somewhere else
You could sign up with coinspot.com.au an Aussie exchange who have an online wallet. You can send Ethereum into a wallet there from coinable once you have an account set up. Their premiums and fees if trading cryptos are more expensive than other exchanges but it is simple and easy to use with a large selection of cryptocurrencies so very convenient.

If you are putting a significant amount in then it is worth getting a hardware wallet - The Ledger Nano S is relatively cheap under $200 AUD and easy to use - just plug into a laptop and download the wallet software.

There are loads of great resources around regarding cryptocurrencies - I like the newsletter services from Port Philip Publishing and The Dollar Vigilante - They have some free resources and paid subscriber services.

CoinTelegraph has some interesting technical analysis updates.

www.goldsilver.com recently put out a great episode of their series hidden secrets of money and they give a nice simple explanation of how blockchain works and highlight the potential for a distributed ledger technology and how hopefully once the dust settles and the speculative mania subsides in the crypto markets there will be some incredible innovation and development that will impact how our daily lives run and how we do business etc.

Well worth doing some research on something before you leap in:)
 
@DrSilver

Wow thank you so much for this reply. Very grateful.

I have been doing some videos on YouTube which has also helped.

On a personal level I certainly feel that Cryptocurrency will become more important in the coming years. I'm looking at only $500 or so as a total so a hardware wallet might not be needed.

For the time I am just interested in learning and experimenting with the $500. More tempted to learn when you have skin in the game.

Thanks again
 
You cannot send ETH into Coinspot

Only BTC, LTC and DOGE can be sent into Coinspot, but Coinspot is just an exchange, similar to Coinbase so you're best off looking into wallets

Exodus is a wallet you can use on your PC, and MyEtherwallet is great for ERC20 tokens (although it can be confusing for beginners) or a Ledger/Trezor is the safest, and you can get them from authorised Aussie sellers for $150-$170
 
DrSilver said:
Its an exchange and your cryptocurrencies will be largely unsecured on there- But it is easy to send stuff from there to somewhere else
You could sign up with coinspot.com.au an Aussie exchange who have an online wallet. You can send Ethereum into a wallet there from coinable once you have an account set up. Their premiums and fees if trading cryptos are more expensive than other exchanges but it is simple and easy to use with a large selection of cryptocurrencies so very convenient.
Click to expand...

Or exchanges that let you get money in and out are coinspot as mentioned, btcmarkets.net, coinjar, and cointree. Probably a few others.
Coinspot supports buying/selling the most coins by far, but only allows receiving a handful of different types.
Out of those btcmarkets.net has the lowest fees.
 
You must log in or register to reply here.
Back
Top