Page 2 of 2 FirstFirst 12
Results 21 to 23 of 23

Thread: Cryptocurrencies

  1. #21
    Ft. Couch! morbidpete's Avatar
    Join Date
    Mar 2002
    Location
    W. Warwick RI
    Posts
    7,262
    Quote Originally Posted by Rivas View Post
    btw the fees for crypto currency are insanely high especially btc, I needed like 100 bucks worth of btc and the fee was around 60 bucks …
    so I switched to different one

    once I win a lottery I'm going to build a warehouse in Arctic full of mining machines and hopefully I will make some money LOL
    What exchange did you use? I have transferred over 10k with coinbase over the past 2 years and only pay around 3%. You were taken for a ride.

  2. #22
    Administrator Philip's Avatar
    Join Date
    May 1999
    Location
    Jacksonville, Florida, United States
    Posts
    10,289
    Blog Entries
    6
    I think if you actually use the exchange (GDAX) to convert your crypto to USD instead of Coinbase, the fee is minuscule, less than 1% depending on the order type.. That's what I've done.

  3. #23
    Ft. Couch! morbidpete's Avatar
    Join Date
    Mar 2002
    Location
    W. Warwick RI
    Posts
    7,262
    Quote Originally Posted by morbidpete View Post
    What exchange did you use? I have transferred over 10k with coinbase over the past 2 years and only pay around 3%. You were taken for a ride.
    Almost forgot tax season lol. Took a 20% hit on cap gains tax for my crypto trades on my taxes this year. Can't even file yet because the cap gains form wont be out until the 31st

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •