A Canuck an Aussie walk into a Crypto Exchange....

in #bitcoin • 7 years ago

Well, welcome to my first post on Steemit, I am so excited!!!

Not too long ago a good friend of mine from the world of PC gaming, Dingo, who is obviously from Australia 😜, asked me if I had heard of this Steemit thingy and a guy named @quickfingersluc. I said nope to both and he said "well check er out mate, I'm in for a go" and so on I went, hunting for information.


Is this the WoW AH all over again??

Four days later I'm shirtless and strung out on coffee, buying and selling Crypto like a crazy man while watching Luc's amazing video's for the 3rd time, cursing and swearing at my lack of patience, telling myself to listen to Luc, yelling at the candles on Coinigy to move faster (only to realize later I was on 1 hour sticks and can change them), all the while totally baffled by the notion of trading money for money to make money....sound familiar? And WTF is FIAT??

So, here I am, a month into it and a few bad (and one big bad) investment(s) later, but ahead...and that's all that should matter, right? I think so.

Where do you find this stuff?


When i got into researching everything i could about Bitcoin and the Crypto world, one thing hit me very hard as a Canadian was trying to find local wallets/exchanges and what I should and should not be using. Google wasn't much help, or at least i wasn't using it properly, and I had a very had time finding Canadian-Crypto related material. So, here I am, giving it my best to help inform, unknowingly misguide, and hopefully make someone smile, or give it a "Fuck'n 'eh".

The first step of finding somewhere that would just take my damn money and give me Bitcoin was unusually hard and a pain in the ass. Everything i Googled always took me to a US focused or European/Asian based exchange. I couldn't really nail down the "here is a Canadian wallet" right off the bat, but eventually i did and then more frustration.

What surprised the hell out of me was all the "red tape" involved in trying to get money from my bank account into their hands and BTC into my wallet. Verify this, send us this, show us that and on and on...just to take my money i thought what an ordeal. Hell, i found one place that was less strict, but as soon as they said a form of payment was to send cash through the mail..I was out!!

So, what did i find?

Fast and dirty: Coinbase


Coinbase


Pro: Fast money


Con: Expensive and the only withdrawl option is back to credit card

If you need a small amount of BTC and quick, this the place for you, but watch the damn fees. On $150 bucks of BTC, it cost me 6 bucks to buy "conversion fee" and then another 6 bucks to send it to my exchange wallet! Then on top of that, because i wasn't American, to get a higher limit to purchase, you have to spend $250 over the course of 7 days and then after that, it says click here to increase limit, so you do...another 30 damn days! I stopped using this, but not after giving them far to much money.


Reliable: Quadriga


Quadriga


Pro: Good deposit options, multiple withdraw options and can be your wallet


Con: It may have just been me, but the set up and initial deposit hokey was a pain, had to wait over 24 for the first time,
but been good after that.

Well, enough for tonight, I have more to share, and I will keep posting my findings as they arise and if your are a Crypto-Canadian like me, share your findings for us Canucks, and I will do my best to pass them on!





A running list of cool things I've found so far:

Bitpetite

Awesome HYIP, but buyer be-warned, although i have been withdrawing my daily profits without issues ($230 US in 3 days), I don't expect it to be there when i wake up each morning. Try it out though, might be your thing.

Coinigy

The best tool bar none, although it doesn't have every exchange out there, it is more than you need to get a good start. Consolidates your exchanges into one spot, easy to read and I highly suggest the one year sub, it is in beta, but works great IMO.




Have a good night Crypto land!!

Sort:  

finally a Canadian who's trying to help others learn how this crypto works and the wallets and stuff or at least sharing as you learn sorry you lost a lot in the progress :( hope you can make it back in due time. thanks for sharing I'll be following

Thanks for the follow @freakygeak, i will doing my best to gather all the Canadian focused info i can.

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Upsman from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

This post has received a 1.04 % upvote from @drotto thanks to: @banjo.

Welcome to Steemit mate. Nice post, this kid's got potential!

This post has received a 3.75 % upvote from @lovejuice thanks to: @overthewait. They have officially sprayed their dank amps all over your post rewards. GOOD TIMES! Vote for Aggroed!