There's many of them I now mostly use BitFinex/Kraken/Bittrex
for exchanges, I split my assets on three exchanges for now to
minimize hacking risk, platform issues, etc. .... I use
mostly Kraken/Gemini for Fiat gateway .... BitFinex / Bittrex
/ Poloniex ... etc... you have to use USDT (Thether) ... which is a
USD Back crypto (so not real USD, you still have a counter party
risk) .... but for Alt-Coins ... there's good selection on
Bittrex and Poloniex ... The more annoying part is to get
funding through ... once it's on an exchange, you can swing over
crypto's from one place to another really fast and easy ...
I personally would stay away from GDAX / Coinbase (It's the same
cie) ... while they are one of the easiest one to use and very a
popular one , they are prone to crash more when price rise or fall
... this will most likely be the first Crypto-Unicorn valuation
wise ... they will probably be the first one to go public sooner
than later as they are already attracting lots of VC money ... they
screwed up the BitCoin cash hard fork as well ... and had to
backtrack to avoid law suits ... Privacy wise too, they
aren't ideal ... Kraken at least is fighting back the IRS for
not giving all trading records ... Coinbase just caved in
immediately ...
with GDAX/Coinbase too ... their verification process to get a
decent amout of funding allowed is ridiculous .... their are more
geared towards smaller players ... if you want to get any decent
amount of money, it will take you forever with them ... just get
fully verified with Kraken/Gemini for example, and wire transfer to
them ... they have higher limits for funding/withdraw once your
account is fully verified for KYC/AML stuff
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which broker or exchange are
Crypto's ...
Posted by pinguin on 1st of Sep 2017 at 10:33 am
which broker or exchange are you using? I've looked into it a little, but still wanting to find out about the tax implications.
Exchanges ....
Posted by mla127 on 1st of Sep 2017 at 10:44 am
There's many of them I now mostly use BitFinex/Kraken/Bittrex for exchanges, I split my assets on three exchanges for now to minimize hacking risk, platform issues, etc. .... I use mostly Kraken/Gemini for Fiat gateway .... BitFinex / Bittrex / Poloniex ... etc... you have to use USDT (Thether) ... which is a USD Back crypto (so not real USD, you still have a counter party risk) .... but for Alt-Coins ... there's good selection on Bittrex and Poloniex ... The more annoying part is to get funding through ... once it's on an exchange, you can swing over crypto's from one place to another really fast and easy ...
Thanks. I was looking at
Posted by pinguin on 1st of Sep 2017 at 11:28 am
Thanks. I was looking at GADX, but it's always good to hear from someone who's out there using them. Sounds like some good weekend homework.
GDAX/Coinbase
Posted by mla127 on 1st of Sep 2017 at 12:09 pm
I personally would stay away from GDAX / Coinbase (It's the same cie) ... while they are one of the easiest one to use and very a popular one , they are prone to crash more when price rise or fall ... this will most likely be the first Crypto-Unicorn valuation wise ... they will probably be the first one to go public sooner than later as they are already attracting lots of VC money ... they screwed up the BitCoin cash hard fork as well ... and had to backtrack to avoid law suits ... Privacy wise too, they aren't ideal ... Kraken at least is fighting back the IRS for not giving all trading records ... Coinbase just caved in immediately ...
I forgot
Posted by mla127 on 1st of Sep 2017 at 12:58 pm
with GDAX/Coinbase too ... their verification process to get a decent amout of funding allowed is ridiculous .... their are more geared towards smaller players ... if you want to get any decent amount of money, it will take you forever with them ... just get fully verified with Kraken/Gemini for example, and wire transfer to them ... they have higher limits for funding/withdraw once your account is fully verified for KYC/AML stuff