Thank you. Is Bitfinex like Coinify? I found that there is 3% fee with Coinify on credit cards. Can't find anything else that works better for Croatia based bank accounts. If you know anything please do say.
Aha, @buzzbeergeek, you live in Croatia. I live in Belgrade, Serbia. So we both live in the same geographical area in the balkans. Bitfinex and coinify are both exchanges. Personally, I buy bitcoins from Virwox https://www.virwox.com/index.php, because it's easier for me to just buy with my bank cards or paypal if I choose to. I don't have to bother my head about SWIFT and bank transfers. I would have loved to used exchanges where SEPA/SOFORT is accepted, but we use Serbian dinars (RSD) just like you use Croatian kuna (HRK) over there. I am following you right away. You may do well to follow back. Welcome to steemit and to the cryptoworld.
Following and upvoted all pending. Are you an expat in Serbia?
Who issued your card? Serbian bank?
Fee for virwox says:
'Credit/Debit Cards, Skrill (Moneybookers): Similar to PayPal, Skrill charges us fees for its services, which are deducted from your deposit. The current fee for deposits in Euro for customers with their Skrill account kept in Euro is 0.39 Euro plus 3.5% of the transaction.'
I looked up this Skrill and they say different things but less than 3%. I will try experimenting directly with Skrill. Thank you!!
Thanks for the follow @buzzbeergeek and upvotes ! Yes, I am an expat, studying in Belgrade. Of course Serbian banks issued me the bank cards that I use for my transfers. Skrill is good. I use skrill too, although I have never bought bitcoins on my skrill account. On the contrary, I use skrill to change bitcoins to fiat/local currency like RSD. Moreso, I use skrill to exit the cryptoworld whenever I need fiat fast. Local bitcoins www.localbitcoins.com is also very good to exchange bitcoin for your local currency.
I am wary of changing BTC to my bank account due to possible taxes. 25% in Croatia. Any other way to get fiat rather than direct deposit? I was thinking BTC ATM but they charge 10%
Are you still planning on returning to fiat? Well, I have 50% of my financial resources in cryptocurrencies, assets and the remaining 50% in fiat. I own wirex USD virtual card https://wirexapp.com/cards/ and bitwala Euro virtual card https://www.bitwala.io/card/ (visa cards). They both work very well for me. I pay for most things that I need online, so I use those cards. I'm patiently waiting for DASH mastercard to come out.
One more thing, @buzzberrgeek. Regarding percentages. For bank cards it is 0.39 Euro plus 3.5% of the transaction. Paypal deposit fee using Virwox exchange is 0.35 Euro plus 3.4% of the transaction. Withdrawal fee for bitcoins usually attracts a handling fee of 0.002 BTC .
Use www.bitpanda.com, thats what I do out of Zagreb: buy bitcoin with credit card. Then you are free to move them to bitstamp, poloniex, bitwala or wherever.
Thank you. Is Bitfinex like Coinify? I found that there is 3% fee with Coinify on credit cards. Can't find anything else that works better for Croatia based bank accounts. If you know anything please do say.
Aha, @buzzbeergeek, you live in Croatia. I live in Belgrade, Serbia. So we both live in the same geographical area in the balkans. Bitfinex and coinify are both exchanges. Personally, I buy bitcoins from Virwox https://www.virwox.com/index.php, because it's easier for me to just buy with my bank cards or paypal if I choose to. I don't have to bother my head about SWIFT and bank transfers. I would have loved to used exchanges where SEPA/SOFORT is accepted, but we use Serbian dinars (RSD) just like you use Croatian kuna (HRK) over there. I am following you right away. You may do well to follow back. Welcome to steemit and to the cryptoworld.
Following and upvoted all pending. Are you an expat in Serbia?
Who issued your card? Serbian bank?
Fee for virwox says:
'Credit/Debit Cards, Skrill (Moneybookers): Similar to PayPal, Skrill charges us fees for its services, which are deducted from your deposit. The current fee for deposits in Euro for customers with their Skrill account kept in Euro is 0.39 Euro plus 3.5% of the transaction.'
I looked up this Skrill and they say different things but less than 3%. I will try experimenting directly with Skrill. Thank you!!
Thanks for the follow @buzzbeergeek and upvotes ! Yes, I am an expat, studying in Belgrade. Of course Serbian banks issued me the bank cards that I use for my transfers. Skrill is good. I use skrill too, although I have never bought bitcoins on my skrill account. On the contrary, I use skrill to change bitcoins to fiat/local currency like RSD. Moreso, I use skrill to exit the cryptoworld whenever I need fiat fast. Local bitcoins www.localbitcoins.com is also very good to exchange bitcoin for your local currency.
I am wary of changing BTC to my bank account due to possible taxes. 25% in Croatia. Any other way to get fiat rather than direct deposit? I was thinking BTC ATM but they charge 10%
Are you still planning on returning to fiat? Well, I have 50% of my financial resources in cryptocurrencies, assets and the remaining 50% in fiat. I own wirex USD virtual card https://wirexapp.com/cards/ and bitwala Euro virtual card https://www.bitwala.io/card/ (visa cards). They both work very well for me. I pay for most things that I need online, so I use those cards. I'm patiently waiting for DASH mastercard to come out.
In a distant future, hopefully :) Right now I'm more interesting into cashing in than out. You were very informative!
One more thing, @buzzberrgeek. Regarding percentages. For bank cards it is 0.39 Euro plus 3.5% of the transaction. Paypal deposit fee using Virwox exchange is 0.35 Euro plus 3.4% of the transaction. Withdrawal fee for bitcoins usually attracts a handling fee of 0.002 BTC .
Replied up there :)
Use www.bitpanda.com, thats what I do out of Zagreb: buy bitcoin with credit card. Then you are free to move them to bitstamp, poloniex, bitwala or wherever.
Thanks, will check out!
Can't find fees. Other sites report around 4% for bitpanda but Coinify charges 3%. Check it out. Not sure if the rate is worse compared.