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  #121  
Old 29.11.2017, 20:52
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Re: Ethereum

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Last month I had tried to buy ETH through coinbase. transfered the money but it came back to my account. ETh was 285 that time

I suppose the problem was I sent the money from CHF account to Coinbase EUR account.

well, a missed opportunity.
I use credit card on coin base, much faster. Btw I wanted to buy Ethereum in June at 200. But a company called Bitcoin Suisse wasted so much of time n I ended up buying it v expensive :/
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  #122  
Old 29.11.2017, 23:29
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Re: Ethereum

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I use credit card on coin base, much faster. Btw I wanted to buy Ethereum in June at 200. But a company called Bitcoin Suisse wasted so much of time n I ended up buying it v expensive :/
The maximum purchase on a credit card is only €500 with Coinbase, and they charge something like 4% (and I think the usual transaction fees of around 1.4% are charged as well). Then your credit card will charge their usual fee for processing foreign currency (if it's a CHF card) and of course they'll apply a rubbish exchange rate. Much better to send cash via a SEPA transfer.

Last edited by Guest; 30.11.2017 at 10:16. Reason: Capitalising the "i"!
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  #123  
Old 30.11.2017, 06:13
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Re: Ethereum

What have you folks heard about Bitcoin mining?
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  #124  
Old 30.11.2017, 09:23
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Re: Ethereum

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The maximum purchase on a credit card is only 500 with Coinbase, and they charge something like 4% (and i think the usual transaction fees of around 1.4% are charged as well). Then your credit card will charge their usual fee for processing foreign currency (if it's a CHF card) and of course they'll apply a rubbish exchange rate. Much better to send cash via a SEPA transfer.
The transfer must be from an Euro account to Coinbase Euro account,right?
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  #125  
Old 30.11.2017, 10:19
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Re: Ethereum

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The transfer must be from an Euro account to Coinbase Euro account,right?
No, you can transfer from any currency account, but the receiving account (Coinbase's account) is denominated in euros, so the sending bank will have to change the funds to euros.

In my first bank transfer to Coinbase I sent money from my CHF-denominated Swiss bank account (and was hit with my Swiss bank's lousy exchange rate). Thereafter, I sent transfers from my EUR-denominated account.
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  #126  
Old 30.11.2017, 10:24
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Re: Ethereum

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What have you folks heard about Bitcoin mining?
it's good for the environment.
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  #127  
Old 30.11.2017, 10:30
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Re: Ethereum

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No, you can transfer from any currency account, but the receiving account (Coinbase's account) is denominated in euros, so the sending bank will have to change the funds to euros.

In my first bank transfer to Coinbase I sent money from my CHF-denominated Swiss bank account (and was hit with my Swiss bank's lousy exchange rate). Thereafter, I sent transfers from my EUR-denominated account.
clearly, I had made mistake.will try again.
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  #128  
Old 30.11.2017, 10:43
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Re: Ethereum

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it's good for the environment.
... unless you're mining in China, or any other place using coal to generate electricity.
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  #129  
Old 30.11.2017, 11:06
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Re: Ethereum

if i were to buy Ethereum, what would be the best place to buy?
I heard Coinbase is not great...
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  #130  
Old 30.11.2017, 11:21
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Re: Ethereum

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if i were to buy Ethereum, what would be the best place to buy?
I heard Coinbase is not great...
Coinbase is known for being temporarily offline every time there's a crash in value and many people log into t sell...

I would avoid them.
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  #131  
Old 30.11.2017, 11:27
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Re: Ethereum

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Coinbase is known for being temporarily offline every time there's a crash in value and many people log into t sell...

I would avoid them.
I confirm. Their support is very lacking so is their capacity to plan resources accordingly and their capacity to react.
It's been down during important fluctuations and when that is happening one is completely locked out of their account and you can only watch the market evolve in front of your eyes without ability to take actions.

Very frustrating.

As a professional, I find that to be far beyond acceptable, especially with the high fees they are applying and especially in the trade they are in.

My colleague lost more than 1500euros from the time he wanted to sell (but couldn't due to coinbase issues) and the time it finally came up again (and then they set a freeze in trading bitcoins, locking even more the transactions). Pathetic.
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  #132  
Old 30.11.2017, 11:36
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Re: Ethereum

so, is there any place do you guys recommend?
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  #133  
Old 30.11.2017, 11:39
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Re: Ethereum

I use Bity.ch

You need to be verified, which I don't mind - in fact I feel slightly safer dealing with them as they're regulated.

I order my Ether and pay by bank transfer. I use the Ethereum project Mist wallet.

I've not had any issues with Bity.

(I trade BTC through Swissquote)
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  #134  
Old 30.11.2017, 11:46
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Re: Ethereum

https://www.bitstamp.net/

Entirely at your own risk, do not use any cash you're not 100% prepared to lose!
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  #135  
Old 30.11.2017, 11:52
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Re: Ethereum

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I use Bity.ch

You need to be verified, which I don't mind - in fact I feel slightly safer dealing with them as they're regulated.

I order my Ether and pay by bank transfer. I use the Ethereum project Mist wallet.

I've not had any issues with Bity.

(I trade BTC through Swissquote)
so you buy them via Bity, and you store them on Mist?
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  #136  
Old 30.11.2017, 12:02
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Re: Ethereum

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so you buy them via Bity, and you store them on Mist?
Yes, when you buy from bity you pay by IBAN and give them your account address.
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  #137  
Old 30.11.2017, 12:19
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Re: Ethereum

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Yes, when you buy from bity you pay by IBAN and give them your account address.
Their website says "Buy and sell up to 1'000 EUR/CHF per day with only a phone number". What is the limit for verified customers?

Also, Coinbase is renowned for having never been hacked. What is Bity's position on this -- or do they store none of your cryptocurrency at any time?
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  #138  
Old 30.11.2017, 12:32
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Re: Ethereum

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Their website says "Buy and sell up to 1'000 EUR/CHF per day with only a phone number". What is the limit for verified customers?

Also, Coinbase is renowned for having never been hacked. What is Bity's position on this -- or do they store none of your cryptocurrency at any time?
Basic (can only sell/swap Crypto's - no buying) - Annual 4K, transaction limit 4K

Standard (passport, residence permit or ID with photo incl), Bity registration completed - Annual 4K, transaction limit 4K

Advanced (Standard user with 1 executed order - must make purchase from bank account with same name as Bity account holder) - Annual 100K, transaction limit 50K

Expert (Advanced user and annual transaction > 50K)- Annual limit = none, transaction limit 100K

https://www.bity.ch/faq
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  #139  
Old 30.11.2017, 14:58
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Re: Ethereum

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Yes, when you buy from bity you pay by IBAN and give them your account address.
but to have that "wallet", is it a mandatory step? or we can keep the Ethereum on Bity? (if/when i buy, it will not be a huge amount )
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  #140  
Old 30.11.2017, 15:22
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Re: Ethereum

it went down by 18pct since last night so maybe the best time to invest in Ethereum ?
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