It can become a bit of a crazy feedback loop, though. LTC goes up a bunch, so more people hear about it, so it goes up a bunch more, so even more people hear about it, so it goes up even more, etc. And it just happens to have substantially lower fees and have a network able to process far more transactions faster than BTC.
I’m not sure we’re talking about the same thing. A couple weeks ago, i bought LTC and sold some at a profit. I assumed that would create a new $USD account on Coinbase. Is this incorrect?
It's got a lot of hype and I would have bought if it was available on any of the bigger exchanges. Don't really want to buy on Bitgrail. May look to buy some if it gets added to Bittrex.
Make sure I’m on the right path here. I want to buy Ripple. I currently own some BTC and some LTC and currently only have a Coinbase account. I need to open a Bittrex or Binance account and transfer my Bitcoin to that account to then use those funds to buy Ripple? Any help here is appreciated
Bitcoin noob here. I have Coinbase..what are other good wallets that I should get that have more crypto currency options to purchase?
My thoughts as well. I have used some alternate exchanges before but moved runs to wallet immediately and will wait until larger exchanges opens up. It's what I did with XBY
If you’re new to Binance, make sure to use this link to sign up: https://www.binance.com/?ref=10869388 :jew::jew::jew:
I was in this place yesterday. I opened both a bittrex and binance account and felt like binance was easier to use. I moved my LTC over, sold that for BTC credit and bought Ripple with that.
I think there is a psychological effect of owning a fraction of a coin (BTC) vs a whole coin (LTC). Couple that with BTC seeming to be more mature pricewise, LTC seems like the play for faster growth and higher profit potential. For those who just want to buy in with a relatively small amount for a shot at big returns, it seems like an easy choice.
I remember thinking last summer that LTC will eventually start hitting ETH level prices some day but I was a chickenshit and didn't put a ton of cash into it.
just tried to buy a bunch of litecoin and couldn't. i linked my bank account so i'm cleared to buy $10k worth per week, but i guess the original transaction has to be processed before i can buy more than that. still, i am now the proud owner of 31.1 litecoins
Loving this Ripple spike. Had a sell order in at 2498 Sats but I cancelled that. Going to ride this out for a while.
Do i have to transfer BTC to Binance to buy XRP on this market? Are there any other options for paying Cash for XRP?
Either BTC, ETH, or LTC. I think Litecoin has the lowest fees so I’d recommend that (or whichever one has the lowest fees).
We really need a guide in the OP. (He said, having got into crypto 3 months ago and feeling like a grizzled veteran now.)
The explosion of this thread is wild. Also love that xrp hadn't done shit for awhile and is now coming around. That was like yesterday's topic. I'm sitting on about 130k shares of that so it should just go ahead and hit $5.
But then you have to buy BTC with LTC and then buy XRP with BTC, correct? I’m still acclimating to Binance. I just did Coinbase: USD > LTC Binance LTC > BTC > XRP Tell me if I’m an idiot and I won’t do it again.
My Coinbase account has been suspended from trading activity for a week now due to Coinbase being unable to verify my identity. I go by a nickname rather than my legal name, and they are claiming my nickname doesn't match the name on my bank account (true). I've sent 5 emails explaining the discrepancy and uploaded my driver's license. This morning I woke up to an email effectively saying, "because you have not responded to our requests for verification, we are cancelling your trades." To top it off, that response was not automated and was literally in reply to one of the emails I sent explaining the discrepancies in my name. Infuriating, and doubly so because Coinbase has frozen LTC I transferred to my Coinbase wallet that I acquired from another exchange, and so they have zero legal claim to those funds, whereas I can understand why they'd be hesitant to let me purchase BTC with a credit card. I can't even transfer anything out of Coinbase to Binance they have my shit locked down so tight.
I got into it about 3 months ago (around 4k per BTC) and am now looking at mining options lol. Just had not looked at expanding anything beyond the basic Coinbase traded currencies. Lastly is everyone using multiple wallets?
I created the account several years ago just to check it out. Never anticipated this stuff blowing up as much as it has.
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