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Compare that with other exchanges-which routinely charge up to 2% in trading commissions plus an additional 2% or more in spreads-and it's easy to see why Kraken is such a popular exchange. Kraken's spreads are also absurdly low, typically around $0.10 per Bitcoin, which is 0.0003%. As one of the largest crypto exchanges in the world, Kraken outperforms smaller exchanges for a number of reasons.įor starters, Kraken's fees are far lower than most other exchanges, with most users paying 0.16% per transaction (fees decrease down to 0% if you trade high volumes). No trading, but you can watch your account grow, and grow and grow some more.Based in the United States, Kraken is a highly transparent exchange with a longstanding history of reliability. The more confident you are in your tech knowledge and experience the more options you have. Some are better at articulating than others. I like the way I'm doing it because I feel safer about not losing a physical device or piece of paper in a safe, not counting a safe deposit box.Įverybody has an opinion. I'm virtually Homeless, or they say Houseless in the region I live in.
If you are a tech dude, you might not be intimidated by all the seed phrases and secret codes involved. I don't physically have control of that same $100.00 bill that I deposited. I own coin but it is like I my money in a bank. " Not your keys, not your Bitcoins." - Andreas AntonopoulosĪfter I learned a little I use 2 exchanges.įrom what I understand, and that may not be much, even on exchanges I don't really own my coin. You are better off skipping the PP-RH bullshit and just head straight to a real exchange where you can buy real Bitcoins and then hold them in your own wallet.
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Why pay full price for "imitation" Bitcoins when you can buy and own actual Bitcoins for the same price?Īlso, when you later realize that you really need to hold your Bitcoins in your own wallet, you'll have to sell your PP-RH shit back to PP-RH (if they're let you), pay capital gains tax, get the money back to your bank, then to a real exchange where you buy actual Bitcoins. You can only spend them on PP-RH or sell them back to PP-RH, and only if/when PP-RH decides to allow you to do so. For example, you won't be able to send the Bitcoins you think you've purchased to your own wallet, nor to any other wallet for that matter. You buy their bullshit "promise" instead. WARNING: You can't buy actual Bitcoins from Paypal/Robinhood (PP-RH). The CSS used by this subreddit is the Erdune Theme modified by /u/Annihilia and /u/konkedas.
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#bitcoin Other Bitcoin sitesīitcoin Forum Bitcoin Stack Exchange Bitcoin Magazine Download Bitcoin Coreīitcoin Core is the backbone of the Bitcoin network. Do not post your Bitcoin address unless someone explicitly asks you to.Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Please avoid repetition - /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem.r/Bitcoin is primarily for news and discussion. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. Trades should usually not be advertised here.Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted.Submissions that are mostly about some other cryptocurrency belong elsewhere.This subreddit is not about general financial news. News articles that do not contain the word "Bitcoin" are usually off-topic.Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins.Do not use URL shortening services: always submit the real link.If you are new to Bitcoin, check out We Use Coins and. As such, it is more resistant to wild inflation and corrupt banks. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money.
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