Agreed. Good idea to get out of BTC at these levels. 99% of crypto is bloody red today, again. Anyone who's got BTC and isn't buying STEEM is bloody nuts. The same can be said for BTC, SYS, ADA, to name my favorites, and the list goes on.
And, if you don't mind taking a tax hit, fiat is ideal right now, in my opinion, of course.
Like you say, Coinbase is #1 and they now take Litecoin. Once you've made the transfer and conversion, you can relax while your banking info confirms.
If you're in Europe, LiteBit is Coinbase's competition, and they do a good job too, along with giving the customer a little more flexibility.
Both have buy and sell spreads to be aware of.
I wish I could have bought STEEM with my bitcoin. I only had about $25 in coinbase and I didn't want to pay a $5 fee to be able to transfer it. I'm sure I'll be able to get some STEEM soon enough.
Great read overall! Thanks for sharing! Looking forward to hearing more of your thoughts on the crypto markets!
https://steemit.com/bitcoin/@college-is-dumb/bitcoin-crash-sunday-bitcoin-overpriced-investment-banks-manipulating-futures
https://steemit.com/bitcoin/@college-is-dumb/bitcoin-crash-sunday-bitcoin-overpriced-investment-banks-manipulating-futures
ouh great tips :)) got Steem too yesterday and understood that it's better to invest in other promising currencies than go for Bitcoin - even if it goes to 30-50K increase will still be smaller than let's say Ripple going from 0.25 to 2$ - not as flashy, but that's exactly the point! :)
Oh what about SYS & ADA?
WHy would you ever use CoinBase?!?!?!
GDax is the same company isn't it? But works on an exchange mechanism rather than Business to Consumer as far as I understand? You log in with the same details, and you can access your € or £ accounts in either... (i.e. they are def. the same company)
Much better rates and less fees on GDax vs. Coinbase.
I've just discovered Revolut are offering MUCH better rates than any other exchange I've been on to-date - but there is a BIG caveat with that, as mentioned in my last post.....
There are a few reasons why many don't use Gdax over Coinbase. Mine is, I was able to get verified on Coinbase, but for some reason cannot on Gdax.
They are the same company / have the same review process - I would try again if I were you! When I go to GDax, it then took me to the Coinbase site to verify / link the accounts.
It says right in their instructions that the verification policy is more strict on GDax. That was a couple months ago. I'll have to try it again