Wilso91 Posted January 10, 2018 Share Posted January 10, 2018 (edited) Just wanted to open up the discussion. Fairly new to this, I’ve bought xrp by buying eth/ltc from Coinbase and using evercoin to convert it to xrp. I’ve noticed I’m not getting as much xrp for the money and the fees are hitting me. I know there’s a slight disparity between me using eth to buy xrp compared to me using USD but I have a feeling there are other options. Is this the only way with a lot of the sites shut down (binance/ Bitstamp( verification backlog)) or is there a cheaper option? Just wanted to open up the discussion. Edited January 10, 2018 by Wilso91 Link to comment Share on other sites More sharing options...
zenkert Posted January 10, 2018 Share Posted January 10, 2018 (edited) @Wilso91 31 minutes ago, Wilso91 said: Is this the only way with a lot of the sites shut down (binance, Bitstamp) or is their a cheaper option? Bitstamp shut down . . . ? No it is not - it is where I trade moving money there with Bank transfers - fee, at least within the SEPA zone to move money to trade with, where I am = 0, Nada. Fees for buying XRP there are extremely low. As an example buying 100 XRP there the fee is €0.17. Edited January 10, 2018 by zenkert Added content Link to comment Share on other sites More sharing options...
Wilso91 Posted January 10, 2018 Author Share Posted January 10, 2018 19 minutes ago, zenkert said: @Wilso91 Bitstamp shut down . . . ? No it is not - it is where I trade moving money there with Bank transfers - fee, at least within the SEPA zone to move money to trade with, where I am = 0, Nada. Fees for buying XRP there are extremely low. As an example buying 100 XRP there the fee is €0.17. Bitstamp verification takes weeks from what I’ve been reading. I’ve only been waiting a few days but they take awhile to verify from my research. Link to comment Share on other sites More sharing options...
Wilso91 Posted January 10, 2018 Author Share Posted January 10, 2018 20 minutes ago, zenkert said: @Wilso91 Bitstamp shut down . . . ? No it is not - it is where I trade moving money there with Bank transfers - fee, at least within the SEPA zone to move money to trade with, where I am = 0, Nada. Fees for buying XRP there are extremely low. As an example buying 100 XRP there the fee is €0.17. Appreciate the welcome lol Link to comment Share on other sites More sharing options...
zenkert Posted January 10, 2018 Share Posted January 10, 2018 (edited) 31 minutes ago, Wilso91 said: Bitstamp verification takes weeks from what I’ve been reading. I’ve only been waiting a few days but they take awhile to verify from my research. @Wilso91 I am in Europe. I helped one on my friends over the phone do Bitstamps KYC. That was saturday 6 jan on monday 8 jan his Account was Verified in less than 48 hours and he has his first SEPA-transfer on the way to buy his first Zerps. Edited January 10, 2018 by zenkert Link to comment Share on other sites More sharing options...
Wilso91 Posted January 10, 2018 Author Share Posted January 10, 2018 (edited) 2 hours ago, zenkert said: @Wilso91 I am in Europe. I helped one on my friends over the phone do Bitstamps KYC. That was saturday 6 jan on monday 8 jan his Account was Verified in less than 48 hours and he has his first SEPA-transfer on the way to buy his first Zerps. I’m in the US. I wish it was quick like that but it’s takes some over here up to a month to get verified due to the high volume. Edited January 10, 2018 by Wilso91 Link to comment Share on other sites More sharing options...
zenkert Posted January 10, 2018 Share Posted January 10, 2018 Just now, Wilso91 said: I’m in the US. I wish it was quick like that but it’s takes some over here up to a month to get verified. To bad @Wilso91 I don not think it is a US problem. I have fellow Europeans who also have problem with the KYC there and have been waiting for weeks. I think that it is beacuse their KYC is fairly complicated. To bad for them really Not complicated on what to do, but how to do it. I could easily refresh their KYC GUI and get it far more simpler to use in 2-4 hours. Wilso91 1 Link to comment Share on other sites More sharing options...
Valhalla_Guy Posted January 10, 2018 Share Posted January 10, 2018 (edited) I used coinbase, and a credit card. Bought LTC on Coinbase Transferred this to the exchange. At the time, Binance required minimum verification, for digital currency transfers, so their verification time was minimal, if not instant. By the time I converted the LTC to XRP on Binance, my net worth was $476, from a charge of $500.00 to my Credit card. I did this multiple times, using LTC to transfer to Binance. All were fast (minutes) and cheap. I sent ACH payments from my bank to the credit card company, and was relieved to see that the coinbase charges were not cash advances, rather normal charges, so their were no additional fees. Edited January 10, 2018 by Valhalla_Guy spelling Link to comment Share on other sites More sharing options...
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