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04-20-2018, 10:24 AM
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#2301 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,016
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Originally Posted by Ferra  Not really into these cryptocurrency thing, but I got curious and google coinsquare.. https://coinsquare.com/funding_options
They charge 2.5% to fund your account (10% if you use credit card) and another 2% to withdraw money!??? 
Is this a normal thing for crytocurrency? Off the bat you already lose 4.5% from the funding & withdrawal fees.
I can't imagine any stock brokerage charging fees like that to deposit and withdraw money.
Hell, most of them will actually give you back money or gift if you deposit a large amounts of funds with them.
This just seems a bit retarded. I thought crytocurrency suppose to be decentralize, no fee, no middle man, etc lol | This is for https://www.quadrigacx.com
Flexepin Voucher Min $20CAD - Max $500CAD $2,500CAD Instant 2.5% required
INTERAC® Online Min $50CAD - Max $2,000CAD $4,000CAD Instant 1.5%, Min $5CAD required
Bank Wire Min $50,000CAD - Max $500,000CAD $500,000CAD Within 5 Business Days 1% required
Crypto Capital Min $500CAD - Max $500,000CAD $500,000CAD Next Business Day Free required
QCX Voucher Min $5CAD - Max $5,000CAD $5,000CAD Instant Free --
The fees are from sending money from your bank to the exchange and getting money from the exchange to your bank. Everytime you use a bank card or credit card the store gets charged also bank wires, money orders and e transfers are not free.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | 
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04-20-2018, 12:03 PM
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#2302 | | I don't like cheese but I love milk!
Join Date: Nov 2002 Location: Van
Posts: 1,980
Thanked 895 Times in 243 Posts
| Quote:
Originally Posted by Manic! This is for https://www.quadrigacx.com
Flexepin Voucher Min $20CAD - Max $500CAD $2,500CAD Instant 2.5% required
INTERAC® Online Min $50CAD - Max $2,000CAD $4,000CAD Instant 1.5%, Min $5CAD required
Bank Wire Min $50,000CAD - Max $500,000CAD $500,000CAD Within 5 Business Days 1% required
Crypto Capital Min $500CAD - Max $500,000CAD $500,000CAD Next Business Day Free required
QCX Voucher Min $5CAD - Max $5,000CAD $5,000CAD Instant Free --
The fees are from sending money from your bank to the exchange and getting money from the exchange to your bank. Everytime you use a bank card or credit card the store gets charged also bank wires, money orders and e transfers are not free. | Not really, the recipient of E-Transfer does not to pay any fee, merchants who accept interac pays about $0.10 per transaction
(If they are charging 2-3% to accept credit card, that's perfectly fair since merchants are charged 1.5-2.5%, but they are charging 10% to accept credit cards..)
Why there is a 2% fee just to accept money is beyond me... (And then another fee to withdraw money later)
The brokerage should make their money from the trading transaction fee...not from funding and withdrawal.
These cryto brokerage seem like a very shitty casino where they give you $98 in casino chips for every $100 cash, then when you want to cash out your they give you $96 cash for their $98 casino chips lol
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04-20-2018, 01:42 PM
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#2303 | | Need my Daily Fix of RS
Join Date: Mar 2008 Location: burnaby
Posts: 289
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They only take it when you are willing to give it to them. For most people, it's worth it for them to pay the fees. If you really wanted to, there's always other ways to pay little or no fees.
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04-20-2018, 01:48 PM
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#2304 | | Where's my RS Christmas Lobster?!
Join Date: Jul 2017 Location: New Chinatown
Posts: 867
Thanked 589 Times in 246 Posts
| Quote:
Originally Posted by Ferra Not really, the recipient of E-Transfer does not to pay any fee, merchants who accept interac pays about $0.10 per transaction
(If they are charging 2-3% to accept credit card, that's perfectly fair since merchants are charged 1.5-2.5%, but they are charging 10% to accept credit cards..)
Why there is a 2% fee just to accept money is beyond me... (And then another fee to withdraw money later)
The brokerage should make their money from the trading transaction fee...not from funding and withdrawal.
These cryto brokerage seem like a very shitty casino where they give you $98 in casino chips for every $100 cash, then when you want to cash out your they give you $96 cash for their $98 casino chips lol | Okay, but how much can you win(or lose) in a casino? You can make/lose a lot of money that the transaction fee is pretty trivial.
Again, the swings are usually great enough that 4% is nothing.
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04-20-2018, 02:11 PM
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#2305 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,016
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| Quote:
Originally Posted by UnknownJinX Okay, but how much can you win(or lose) in a casino? You can make/lose a lot of money that the transaction fee is pretty trivial.
Again, the swings are usually great enough that 4% is nothing. | I havn't taken any money out. I have a few some trades where I have bought and sold but have never transferred money to my bank. I am not gambling I am supporting new currency's that I hope one day will be used around the world. Last time I went to Europe I had to take 3 different types of currency plus Canadian. If Crypto was excepted everywhere I would just take my phone.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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04-20-2018, 03:01 PM
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#2306 | | Where's my RS Christmas Lobster?!
Join Date: Jul 2017 Location: New Chinatown
Posts: 867
Thanked 589 Times in 246 Posts
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For now, I will still treat crypto more or less like an asset.
Like mentioned before, the fluctuations cryptos can see make it unsuitable as a common currency.
The liquidity of cryptocurrency is also not there yet.
Who knows, maybe it will change in the future. Just maybe.
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04-20-2018, 03:11 PM
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#2307 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
Thanked 582 Times in 173 Posts
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Holy....bullllll run.
This morning BTC went up from 8350 to 8550
Then just now,
BTC went up from 8500 to 8950 in less then 20 mins.
Last edited by ime2006; 04-20-2018 at 03:23 PM.
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04-20-2018, 04:26 PM
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#2308 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 52,336
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Still waiting for ETH to go back to what it was when I bought it so I can convert it back to BTC. Never buying an altcoin again  | |
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04-20-2018, 05:53 PM
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#2309 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
Thanked 582 Times in 173 Posts
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Originally Posted by SkinnyPupp Still waiting for ETH to go back to what it was when I bought it so I can convert it back to BTC. Never buying an altcoin again | mmmmm....But ETH also had around 25% pump since Apr 14th.
Apr 14th at 489
Today at 4PM, it reached 617
And weird thing happened on my NiceHash mining numbers these week.
I was getting only 0.0045 BTC a day before this week.
Now, all the sudden, it pumps to 0.0056 BTC a day.
That is almost 30% more.
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04-20-2018, 06:07 PM
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#2310 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 52,336
Thanked 23,816 Times in 8,190 Posts
| Quote:
Originally Posted by ime2006 mmmmm....But ETH also had around 25% pump since Apr 14th.
Apr 14th at 489
Today at 4PM, it reached 617
And weird thing happened on my NiceHash mining numbers these week.
I was getting only 0.0045 BTC a day before this week.
Now, all the sudden, it pumps to 0.0056 BTC a day.
That is almost 30% more. | ETH still has a way to go before it reaches the $700 I bought it at (yup literally right at the top of the giant red candle on March 14)
BTC is practically already recovered from that day now
Plus I believe in BTC, not ETH or anything else. I'm not doing this to "play the lottery" and make a bunch of money. I got ETH because I thought it would be easier for everyone. And this was also before lightning dropped BTC transaction rates to negligible amounts.
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04-20-2018, 06:30 PM
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#2311 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
Thanked 582 Times in 173 Posts
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Originally Posted by SkinnyPupp ETH still has a way to go before it reaches the $700 I bought it at (yup literally right at the top of the giant red candle on March 14)
BTC is practically already recovered from that day now
Plus I believe in BTC, not ETH or anything else. I'm not doing this to "play the lottery" and make a bunch of money. I got ETH because I thought it would be easier for everyone. And this was also before lightning dropped BTC transaction rates to negligible amounts. | oh....yea, i hate when that happens. Bought it at high point, and got locked for few days or weeks waiting for it to raise back up.
ETH easier for everyone as in ?
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04-20-2018, 06:37 PM
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#2312 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 52,336
Thanked 23,816 Times in 8,190 Posts
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Originally Posted by ime2006 oh....yea, i hate when that happens. Bought it at high point, and got locked for few days or weeks waiting for it to raise back up.
ETH easier for everyone as in ? | Mostly transfer fees.. Also I was looking to buy crypto here via paypal, and since everyone mines ETH I figured that would be easier all around.
Either way a very kind member has been helping me out and letting me buy BTC instead. I really appreciate that!
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04-20-2018, 08:26 PM
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#2313 | | Where's my RS Christmas Lobster?!
Join Date: Jul 2017 Location: New Chinatown
Posts: 867
Thanked 589 Times in 246 Posts
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Some outlets are not letting people deposit ETH... Have to exchange it into BTC before I can take it out.
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04-21-2018, 10:45 AM
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#2314 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
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I was checking on buying price on BTC
CoinSquare buying price at 11318 CAD
QuadrigaCX buying price is at 11179 CAD
That's quite a bit difference!!!!!!!!
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04-21-2018, 10:48 AM
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#2315 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,016
Thanked 7,383 Times in 3,465 Posts
| Quote:
Originally Posted by ime2006 I was checking on buying price on BTC
CoinSquare buying price at 11318 CAD
QuadrigaCX buying price is at 11179 CAD
That's quite a bit difference!!!!!!!! | I have found quad to have the best price in Canada with EZBTC.ca having the worst price
__________________
Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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04-21-2018, 11:15 AM
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#2316 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
Thanked 582 Times in 173 Posts
| Quote:
Originally Posted by Manic! I have found quad to have the best price in Canada with EZBTC.ca having the worst price | So, exchange companies is making money on selling price and transaction fees.
No wonder coinSquare had whole page ads on Vancouver Sun.
Lol
I also checked ezbtc.ca
Their price is same as coinsquare.
Which makes coinsquare also the most expensive too.
Oh man......
Last edited by ime2006; 04-21-2018 at 12:14 PM.
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04-21-2018, 12:24 PM
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#2317 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,016
Thanked 7,383 Times in 3,465 Posts
| Quote:
Originally Posted by ime2006 So, exchange companies is making money on selling price and transaction fees.
No wonder coinSquare had whole page ads on Vancouver Sun.
Lol
I also checked ezbtc.ca
Their price is same as coinsquare.
Which makes coinsquare also the most expensive too.
Oh man...... | Check ezbtc prices on alt coins like eth. That's where they really jack prices up.
__________________
Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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04-21-2018, 04:54 PM
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#2318 | | Everyone wants a piece of R S...
Join Date: Jul 2013 Location: burnaby
Posts: 394
Thanked 143 Times in 67 Posts
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please dont compare prices on ezbtc, when I was looking to purchase BTC. their office is a shared office in random building in pender st, more like a hippy joint. No service and customer service at all.
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04-21-2018, 07:46 PM
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#2319 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,016
Thanked 7,383 Times in 3,465 Posts
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__________________
Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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04-22-2018, 11:43 AM
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#2320 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
Thanked 582 Times in 173 Posts
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Heard that BTC or whole CC might drop 5-10% in a day or two.
Just pre-caution.
If not, it might have bullrun up to 9500
Last edited by ime2006; 04-22-2018 at 11:50 AM.
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04-22-2018, 11:54 AM
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#2321 | | Everyone wants a piece of R S...
Join Date: Jul 2013 Location: burnaby
Posts: 394
Thanked 143 Times in 67 Posts
| Quote:
Originally Posted by ime2006 Heard that BTC or whole CC might drop 5-10% in a day or two.
Just pre-caution.
If not, it might have bullrun up to 9500 | I like your analysis
It might go up or might go down? BE CAREFUL!!!
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04-22-2018, 12:54 PM
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#2322 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,697
Thanked 2,422 Times in 918 Posts
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It might be stagnant 
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
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04-22-2018, 01:03 PM
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#2323 | | Proud to be called a RS Regular!
Join Date: Nov 2013 Location: YVR
Posts: 106
Thanked 73 Times in 18 Posts
| Quote:
Originally Posted by Ferra Not really, the recipient of E-Transfer does not to pay any fee, merchants who accept interac pays about $0.10 per transaction
(If they are charging 2-3% to accept credit card, that's perfectly fair since merchants are charged 1.5-2.5%, but they are charging 10% to accept credit cards..)
Why there is a 2% fee just to accept money is beyond me... (And then another fee to withdraw money later)
The brokerage should make their money from the trading transaction fee...not from funding and withdrawal.
These cryto brokerage seem like a very shitty casino where they give you $98 in casino chips for every $100 cash, then when you want to cash out your they give you $96 cash for their $98 casino chips lol | Of course with a regular brokerage there is no way you would pay those kind of fees if your yearly return is 5-10%, however, during a bull run in crypto, you're talking about paying a 2% fee today for a 20% return tomorrow. This is a completely different game.
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04-23-2018, 03:20 PM
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#2324 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
Thanked 582 Times in 173 Posts
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Making some serious money on BCH!!!!!!!
Does anyone know why BCH goes this crazy ??
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04-23-2018, 03:54 PM
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#2325 | | Wunder? Wonder?? Wander???
Join Date: Mar 2015 Location: vancouver
Posts: 216
Thanked 99 Times in 52 Posts
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BUY BITCOIN NOW! 100K PER COIN INCOMING  | |
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