Official BGOL Crypto Currency Thread ★★★★★

After doing my research I went the coinbase / poloniex route and purchased a few XRP at $0.0067.

Here's hoping it will appreciate and good luck to all the fam!
 
Do you have any issues with add your card? It gave me error issues

If you talking about funding your coinbase account with your debit/ credit card, I had the same problem.

My credit card provider was blocking the transaction on their end, I had to call the customer service number on back of the card. Once I verfied that I was the one making the transaction, it went through no problem. I keep to the same daily charge routine, so when this transaction pop up, it must alerted them as a fraud purchase. After I got that cleared up with credit card company, I was able to make multiple transaction at coinbase with no issues.

I hope this help
 
If you talking about funding your coinbase account with your debit/ credit card, I had the same problem.

My credit card provider was blocking the transaction on their end, I had to call the customer service number on back of the card. Once I verfied that I was the one making the transaction, it went through no problem. I keep to the same daily charge routine, so when this transaction pop up, it must alerted them as a fraud purchase. After I got that cleared up with credit card company, I was able to make multiple transaction at coinbase with no issues.

I hope this help

Thanks fam. I got to wait another 24 hrs to confirm it.
 
Do you have any issues with add your card? It gave me error issues

I had an error on the first attempt, but I waited 5 minutes and the second time it worked.

I reached my daily limit so I'm going to verify my account and keep using the credit card option even though they take a percentage.
 
Im on gatehub.com
I read somewhere that gatehub gives u a wallet w/ strict key encryption for online and offline use. But I could be wrong. If any one finds a secondary "vault" to keep ripple s.....please share. I hear its mainly safe to keep it in a wallet just in case the site gets hacked, shuts down, etc. I also doubt most of these places have some sort of insurance like actual banks. Even though I only spent $200....I don't like throwing money away to thieves
 
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update....damn this has been the most frustrating process . but here what I found was the most simplified.
1) create the coinbase.com account
2) do all the verification (I was a little hesitant but eff it...scared money don't make money)
3) used the credit card to buy .xxx bitcoin. Around 100 dollars transferred but after the fees, it was about 94 dollars.
4) created the kraken account
5) did all the BS verification...still waiting on tier 3 verification. will be done by Friday
6) transferred over the .xxxx bitcoin amount from coinbase to kraken account the exchanged the bitcoin for ripple on kraken.
7) take a advil for this massive headache I had from staring at the screens for 4 hours.

Monday...hope to invest 200 dollars in ethereum, ripple, factom (Chinese market too big to ignore), and madesafe (like the decentralized concept)...so all in all about a grand. but im hoping to invest more once things stabilize for me personally.


I appreciate the brothers putting me up on this and giving me the heads up. I hope it come through too for all of us....
THIS IS THE TYPE OF STUFF WE NEED TO BE PUTTING OUT FOR THE MEMBERSHIP AND WORKING ON BUYING THE BLOCK AND SUPPORTING BOBs .
 
With Coinbase there seems to be a buy limit of $100 (minus fees) when you link your Credit Card. Did you guys link your banking accounts?
 
With Coinbase there seems to be a buy limit of $100 (minus fees) when you link your Credit Card. Did you guys link your banking accounts?

Verify further and it's much quicker.

The pro of using it is that it's instant.
Instant buy of bitcoin instant transfer to kraken and instant buy of ripple.
 
Verify further and it's much quicker.

The pro of using it is that it's instant.
Instant buy of bitcoin instant transfer to kraken and instant buy of ripple.

"Verify further"? I don't understand.
Btw...thanks for your patience. I'll get you a gift card to Ruth's Chris after I make my first million.
 
"Verify further"? I don't understand.
Btw...thanks for your patience. I'll get you a gift card to Ruth's Chris after I make my first million.

Go through the verification on coinbase it's roughly the same however it takes 10 minutes maximum to finish them - adding account- verifying bank and credit/debit- using the app to submit your i.d.
then your limit is instantly raised.

Kraken takes forever because it is a wire transfer. Wire transfers take forever.
The bitcoin buying in coinbase is instant.
Transferring it to Kraken and being confirmed takes 5 minutes
Buying the Ripple with the bitcoin from your wallet in Kraken takes 2 minutes.

As opposed to a few days for a wire to come through...
 
It's a Bank Wire.
This is why I presented options to get them quicker a couple days ago..

Did you contact your bank and provide them the wire info that was provided to you once you completed it on Kraken? It is a two step process that has to be done on both side. I had the same issue and once I contacted my bank and gave them the info provided from Kraken I was funded the same day.
 
My SynapsePay US Wire has been "pending" for damn near 3 days.
What the hell is taking so long on Kracken?
check your email all the time. After about 3 days of my wire I received this email:

SynapsePay has informed us that before they will allow any more USD deposits/withdrawals they've asked us to obtain some additional information from you.

Specifically, we must request that you provide proof of the source of these funds. Due to the nature of bitcoin we often have to request this information from our users, we would just like to know a little bit more about you.

What do you do for a living and/or what did you do to earn these funds? If the funds are employment earnings, please attach a pay stub or bank statement showing your wages being deposited to your bank. If the funds are from some other activity please provide some proof of that instead.

A tax return is also a viable option. If you are submitting a bank statement as proof of funds just be sure that any payroll deposits are clearly marked as such or else the bank statement itself will not be considered proof of the source of the funds.

We are sorry for the intrusion. Compliance policies dictate that we must collect this info. The good news is all future deposits/withdrawals will be seamless once your account is fully approved.

Warm Regards,

Charla
Client Engagement Team


I made my wire on 01/07/17
 
re: ripple wallets...I'm looking up the info but if someone can answer it in the meantime that'd be cool...if I keep a ripple wallet on my computer...how will I go about selling it if/when the time comes...will I still have to ultimately go thru a site like kraken or poloniex?
 
re: ripple wallets...I'm looking up the info but if someone can answer it in the meantime that'd be cool...if I keep a ripple wallet on my computer...how will I go about selling it if/when the time comes...will I still have to ultimately go thru a site like kraken or poloniex?

Yes...Hence you have a ripple address and secret key. Your secret key will come in handy then.
 
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Yes...Hence you have a ripple address and secret key. Your secret key will come in handy then.

thanks...coinbase had a good breakdown re: wallets...still on the fence about it...I like the mobile wallet vs desktop wallet...cuz I can do what I have to do on the fly if I'm in a position where I need to sell quickly...w/ a desktop wallet...I'd have to be @ home...good info tho...feels like the digital version of hiding your $$$ under the mattress tho

What is a Bitcoin wallet?

Similar to a traditional wallet you may carry in your pocket, a bitcoin wallet is used to store money. The difference is that instead of storing a collection of bills and cards, a bitcoin wallet stores a collection of bitcoin private keys. Typically a wallet is encrypted with a password or otherwise protected from unauthorized access.

Unlike the Bitcoin network, a Bitcoin wallet is controlled only by its owner (it's not distributed and shared like the blockchain). It's important to keep your bitcoin wallet safe by either setting a strong password or otherwise keeping it out of reach of malicious individuals.

Types of Wallets

There are many different bitcoin wallets to choose from, each providing different features. All bitcoin wallets must conform to the established Bitcoin protocol so they can all be used to send and receive funds regardless of their specific implementation. This is similar to email where you have many choices of email providers but they all "speak the same language" and are able to send messages to each other.

There are several main categories of Bitcoin wallets:

Web Wallets

Web wallets allow you to send, receive, and store bitcoin all through your web browser. They are typically hosted by a provider that manages the security of the private keys associated with your account, although some types of web wallets provide ways for you to remain in control your private keys. Web wallets are generally more convenient than other types of wallets since you don't have to worry about accidentally deleting a wallet from your computer (and losing your bitcoins).

The main criticism of most web wallets is that you relinquish some control since web wallets usually manage private keys on your behalf. This means that security must be taken very seriously by the wallet provider. Like any other online account, it's also important for customers to take some security precautions.

There are technologies available that allow users to retain full control of their funds yet take advantage of the convenience of web wallets such as Coinbase's multisig vault.

Desktop Wallets

It's also possible to install wallet software directly on your computer. This allows an individual to have full control (and responsibility) over their wallet.

In a desktop wallet, the private keys are stored on a hard drive so it's only possible to access the funds using the computer the wallet is installed on. If the wallet file were to become corrupted with no backup available, the bitcoins stored in that wallet would be lost forever. For this reason it's extremely important that strong passwords are used and reliable backups are made of any desktop wallet. It's equally important that the wallet and any backups are kept safely out of reach of malicious individuals.

Desktop wallets fall into two main categories known as "full nodes" or "light" clients. Full nodes host a full copy of the blockchain (about 31 GB as of January 2015) while light clients provide only bitcoin storage capabilities while depending on an external source to read the blockchain. More information and examples of wallets can be found here.

Mobile Wallets

Mobile wallets are simply bitcoin wallets designed for a mobile device. This means they can easily scan QR codes, are easy to navigate with a touch screen, and are accessible while on the move. The Coinbase mobile wallet for iOS and Android allows you to access your Coinbase account to send, receive, buy, and sell bitcoin.

Mobile wallets are almost always "light" clients in that they do not store a full copy of the blockchain.

Hardware Wallet

A hardware wallet is a specialized type of device designed specifically to store bitcoins. The advantage is that hardware wallets are much more difficult for a malicious user to compromise when compared to a desktop or mobile wallet since they use the bare minimum amount of software required to safely store bitcoins.

Paper Wallets

Paper wallets are a way to embody bitcoins in a physical medium such as paper or metal. Like a printed bank note, if a paper wallet is lost or destroyed, then the bitcoin stored on it are gone forever.

Brain Wallets

A brain wallet is a Bitcoin wallet that is generated from a passphrase. It’s similar to a paper wallet in that if the passphrase is lost, so are the bitcoins stored in that brain wallet. While it may be appealing to store bitcoins entirely within your memory, it should be cautioned against due to the challenge of using a sufficiently secure passphrase.
 

after reading the one long winded comment from the guy who invested in it, $300 + per ripple is still a monumentally incredible return on 6 cents.
I'm doing all my buying before the 17th. I'm going to adjust it so that if it hits 300 I could sell enough to be an m and still have significant holdings
thanks for the link.
Especially if that western union project REALLY hits and they can start shunning the other decentralized currencies?
Shiiiiiiiiiiiiiiiiiiiiiiiiiiiit
 
after reading the one long winded comment from the guy who invested in it, $300 + per ripple is still a monumentally incredible return on 6 cents.
I'm doing all my buying before the 17th. I'm going to adjust it so that if it hits 300 I could sell enough to be an m and still have significant holdings
thanks for the link.
Especially if that western union project REALLY hits and they can start shunning the other decentralized currencies?
Shiiiiiiiiiiiiiiiiiiiiiiiiiiiit

man it's gotten to the point that I'm having vivid dreams about the shit...the shit went down as low as $0.001 before shooting up to $412...trying my best to keep levelheaded tho
 
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