Just bought this sweet shoe rack from Costco for $28. It's stackable too.

https://photos.smugmug.com/Other/Ps3..._200237-X4.jpg

so my old man just sent me $5000 to buy bitcoin with, now should I just go with coinbase or? I'm trying to increase my limit to $500 with my drivers license info just wondering what max limits are since I would like to buy it all right now of course.

A member on here sells it. Just a wallet and buy off him. It will be cheaper and a lot less hassle.

$5000 worth, it would be worth getting hardware wallet. Like Manic said, people here have offered to sell BTC at current price. Just wait for someone to contact you (pretty sure it's against site rules to advertise within a thread) and have them meet up and transfer to a hardware wallet once you get one.

Trezor and Ledger Nano S are the popular ones IIRC

If you want to do it sooner, make sure you have a very secure computer and use Electrum. Transfer to a hardware wallet later (asap)

I honestly haven’t even heard of a hardware wallet before, how would I get one of those? Like I said I don’t know much about this just looking to gamble some money right now.

pros and cons to using a hardware wallet vs digital wallets your can make online/have offline?

The private address of a hardware wallet can be completely obscured from everyone... For instance if you have a wallet on your PC, someone could potentially gain access to it via hacking, just plain snooping, or forcing you under duress. A hardware wallet can have funds stored on it, then safely stashed away in a vault somewhere, with absolutely no way of losing it (as long as the vault itself isn't destroyed)

How would someone be able to hack the wallet on your PC without your Private Key?

I was under the impression that the wallet can only be opened with your private key?


---

Oh shoot, I forgot coinbase has a super low limit... There's no way around that really. My friend's limit is $1000 but that's after he had the account for awhile.

Harware wallet
Pro
- completely off the grid

Cons
- There is a fee to transfer to the hardware wallet
- if you lose the hardware wallet you're screwed
- if the hardware wallet fails, you're also screwed.


Online wallet
Pro
- easily accessible
- can trade other crypto currencies easily

Con
- can potentially get hacked online
( But if you enable 2 factor authentication (2FA), your wallet may get hacked, but they won't be able to withdraw the funds without the 2FA code)

The wallet itself may not have its encryption solved, but there are ways to get you to do it for them, for instance a keylogger when you're entering the password, or forcing you to do it, etc. This is especially dangerous if you have your wallet on a "main" computer that sees a lot of use, putting it at risk with everything from visiting sketchy websites to pirating software (REALLY risky). It would be like walking around town with your entire bank balance in your back pocket. Sure you're most likely not going to get robbed, but who knows right?

Online wallet is probably the most convenient for actually spending bitcoin, just don't keep too much of it in one. If you don't own the private keys yourself, you don't actually hold anything. They own your bitcoin, and are letting you spend and receive it.

There are no cons in a hardware wallet besides the cost.
The fees to moving is regardless of wallet, that's just the transfer fee. Even if you move to an online wallet, it will cost you the exact same.

If you lose your hardware wallet or fails, you can always access your bitcoin with a recovery.

Remember, if you leave your bitcoin on an exchange, you don't own the bitcoin but it's simply an IOU from the exchange promising you they will give you that amount when you want it. If the exchange gets hacked or goes bankrupt, you aren't getting your bitcoin.

Eth has hit over $900 can. Crazy!!!!!

Does anybody use a paper wallet? Seems awfully low tech in this high tech world but appears to offer much of the safety of a hardware wallet at 0 cost?

-Mark

Better user experience.

If the hardware wallet is stolen/ lost, they still need your PIN or recovery phrase to access the coins. You can just buy the same hard wallet from manufacturer and recover using the recovery phrase.

If the piece of paper is stolen/ lost, you lose everything.

anybody here into ripple xrp?

even though it it meant for banks which goes directly against the idea of crypto, but i like its real world use.

that and now its officially the 4 biggest in market cap.


bonus, rumour that coinbase will be adding xrp in 2018.


anyone here?

I'm almost certain XRP will be added to Coinbase.

Exchanges want high traffic coins. More transactions, more fees, more money.

Purchased 5000 XRP @ 0.16 in June so happy to see the gains.

Bought $750 worth of TRX @ 0.002. It didn't move for months so I sold it in November. This week it went 8x to 0.016.

Should've held it just a bit longer.

:okay:

:okay: Same thing with early xrp holders, people started dumping when it hit .25.


Regarding coinbase...

https://ip.bitcointalk.org/?u=https%...UFCQ463N3z8hHQ

Coinbase FUCKING SUCKS the only thing good is GDAX always has the highest price to sell.

Everyone jump on the Stellar XLM boat

There's a lesson somewhere here for other people. :fullofwin:

https://support.coinbase.com/custome...earch?q=Ripple
https://support.coinbase.com/custome...s/search?q=Xrp

The earliier picture could be a sweet photoshop but by the looks of it Ripple is cached somewhere on the coinbase page.

which sites do you guys purchase coins from besides bitcoin?
i'm trying to find another site, kraken keeps on crashing on me

Why?

I wonder how hard it would be to pump and dump a coin.

Fund drug habit via QuadrigaCX or Coinbase, then transfer to Binance, they have a pretty decent app where you can set buy and sell orders.