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  1. #81
    DF VIP Member BigBrand's Avatar
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    Default Re: investing in crypto

    Quote Originally Posted by ilscuro View Post
    Bitcoin, Etherium and Litecoin seem to be on the up after the recent losses, i'm pretty pleased that i bought some more Litecoin at the beginning of the month when it was at £79, as today it's now almost double that at £160
    Same here, I topped up too. 52% up on my investment in LTC.

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    "That's why I fucked your bitch you fat mother fucker"

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    ilscuro (19th February 2018)  


  2. #82
    DF Super Moderator piggzy's Avatar
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    Default Re: investing in crypto

    Quote Originally Posted by ilscuro View Post
    Bitcoin, Etherium and Litecoin seem to be on the up after the recent losses, i'm pretty pleased that i bought some more Litecoin at the beginning of the month when it was at £79, as today it's now almost double that at £160
    Good timing :-) Been a slow turn around this year but its all starting to move now... finally. Made a couple of mistakes on it personally but nothing other than a lesson.

    Thanks to piggzy

    ilscuro (19th February 2018)  


  3. #83
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    Default Re: investing in crypto

    Quote Originally Posted by ilscuro View Post
    Bitcoin, Etherium and Litecoin seem to be on the up after the recent losses, i'm pretty pleased that i bought some more Litecoin at the beginning of the month when it was at £79, as today it's now almost double that at £160
    Actually £160 is more than double £79 lol

  4. #84
    DF VIP Member Ganty's Avatar
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    Default Re: investing in crypto

    Quote Originally Posted by ilscuro View Post
    Actually £160 is more than double £79 lol
    Lol, yeah, but it still is "almost" double!

  5. #85
    DF VIP Member BigBrand's Avatar
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    Default Re: investing in crypto

    Another rise today in LTC!

    Thanks to BigBrand

    piggzy (20th February 2018)  


  6. #86
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    Default Re: investing in crypto

    I'm not sure how new this feature is but Revolut just emailed me to say they have enabled crypto on my account so I can now transfer to Bitcoin, Litecoin and Ethereum. Not sure how competitive this is to any other platform but I know they are one of the best when it comes to foreign exchange.

    EDIT:
    1. How do you calculate the Revolut Crypto exchange rate?

    We only charge a simple, low-cost 1.5% markup on the average exchange price that we get from our exchange partners. This essentially means that we take the average price of the Crypto currently being sold on our partner’s exchange platform, then add on our 1.5% fee.

    We don’t use the rate that you might find on Google, as this is an indicative rate averaged across a number of different exchange platforms. It’s actually near impossible to buy Crypto, from anywhere, at this rate! You can read more about this in our blog post, here.

    2. Can I send my Revolut Crypto to an external wallet?

    Currently, you can only transfer your Crypto to other users within the Revolut app. It’s not possible to send your Crypto to an external wallet.

    We launched Revolut Crypto to make it easier for almost anyone, anywhere, to buy and exchange cryptocurrencies at some of the best available rates. You can instantly exchange any of our 25 fiat currencies in Crypto and back at the touch of a button.

    There’s no need to worry about how to secure your Crypto, blockchain or private keys - as the value of your exposure is securely stored within your Revolut wallet. This approach makes cryptocurrency much more accessible, and appealing, to the wider population.

    3. Can I top-up my Revolut account with Crypto from an external wallet?

    You can buy Crypto by exchanging from any of our 25 fiat currencies into Bitcoin, Litecoin and Ether. Simply top-up your Revolut account with a bank card or by bank transfer, and convert your fiat balance into Crypto in the Exchange section of the app.

    It’s not possible to load your Revolut account with Crypto from an external wallet. Revolut buys Crypto from our exchange partners on your behalf, so you don’t have to worry about the hassle of private keys.

    4. Which cryptocurrencies are available and when will you add more?

    You can buy Bitcoin, Litecoin and Ether. We hope to integrate more cryptocurrencies into our platform in the future, but there’s no timeline for this just yet!

    5. Can I pay in Crypto and are there any limits?

    When you spend your Crypto balance with your Revolut card, it will automatically be converted back into fiat currency using the exchange rate at the point of sale. Card payments that use your Crypto balance must be at least €10 (or currency equivalent), and a maximum of €100. You can’t pay in Bitcoin, Litecoin and Ether with your Revolut card.

    You can ‘deactivate’ your Crypto wallets to prevent your Crypto balance from being spent with your Revolut card. Head to the Accounts tab, and tap the Account Manager icon on the top-right of your screen. Then, simply swipe left on your Crypto accounts to ‘deactivate’ your wallets.

    You can exchange up to €10,000 (or currency equivalent) of Crypto per day.
    Last edited by evilsatan; 27th February 2018 at 02:04 PM.

    Thanks to evilsatan

    piggzy (27th February 2018)  


  7. #87
    DF VIP Member Rhinoz's Avatar
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    Default Re: investing in crypto

    Quote Originally Posted by evilsatan View Post
    I'm not sure how new this feature is but Revolut just emailed me to say they have enabled crypto on my account so I can now transfer to Bitcoin, Litecoin and Ethereum. Not sure how competitive this is to any other platform but I know they are one of the best when it comes to foreign exchange.

    EDIT:


    I just checked Revolut and it's rate is 1 Bitcoin = 7504 and yet and coinranking it's showing 10,691

    That's a huge difference or am I misreading it ?


    EDIT: Reading one in sterling and the other in dollar, my mistake.
    Last edited by Rhinoz; 27th February 2018 at 06:14 PM. Reason: Being Thick

  8. #88
    DF VIP Member Rhinoz's Avatar
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    Default Re: investing in crypto

    Quote Originally Posted by evilsatan View Post
    I'm not sure how new this feature is but Revolut just emailed me to say they have enabled crypto on my account so I can now transfer to Bitcoin, Litecoin and Ethereum. Not sure how competitive this is to any other platform but I know they are one of the best when it comes to foreign exchange.

    EDIT:

    I was interested as sounds what I could use to get into Cryptocurrencies but it seems it's only starting off for Premium users due to high demand unless it's past that stage now. You a standard user evilsatan ?

  9. #89
    DF Super Moderator piggzy's Avatar
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    Default Re: investing in crypto

    Quote Originally Posted by Rhinoz View Post
    I just checked Revolut and it's rate is 1 Bitcoin = 7504 and yet and coinranking it's showing 10,691

    That's a huge difference or am I misreading it ?


    EDIT: Reading one in sterling and the other in dollar, my mistake.
    I know in this case you were mistaken but it does regularly happen.
    $2-3K difference across exchanges happens all the time. They fluctuate so rapidly though you cant buy low, transfer and sell because of how SLOOOOOOOOOOOW BTC transaction occur. Also when you take out all the transaction costs Bitcoin is currently costing you it never pays off. Some have got lucky doing this, sadly not me :-)

    Thanks to piggzy

    Rhinoz (27th February 2018)  


  10. #90
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    Default Re: investing in crypto

    Quote Originally Posted by Rhinoz View Post
    I was interested as sounds what I could use to get into Cryptocurrencies but it seems it's only starting off for Premium users due to high demand unless it's past that stage now. You a standard user evilsatan ?
    I must be standard, I only signed up a few weeks ago after seeing someone post here about using it in conjunction with other places to sell crypto and convert to Euros the GBP so reckon it's now being opened to normal users. Not used the Revolut account for anything, just loaded a tenner in there to get it activated.

    Thanks to evilsatan

    Rhinoz (27th February 2018)  


  11. #91
    DF Super Moderator piggzy's Avatar
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    Default Re: investing in crypto

    Just had a look at Revolut and it looks pretty good way to buy.

    If you do need to be premium for Crypto then it is only £6.99 a month and you can cancel at any time. Might have a punt with my next purchase.

    Cheers

    Edit: My bad. You cant cancel at anytime. It is £6.99 per month or £72 for the year but it is a 12 month contract.
    Last edited by piggzy; 27th February 2018 at 09:22 PM.

  12. #92
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    Default Re: investing in crypto

    Quote Originally Posted by piggzy View Post
    Just had a look at Revolut and it looks pretty good way to buy.

    If you do need to be premium for Crypto then it is only £6.99 a month and you can cancel at any time. Might have a punt with my next purchase.

    Cheers
    It offers travel insurance too which isn’t too bad.


    Sent from my iPhone using Tapatalk

    Thanks to Ashley

    piggzy (27th February 2018)  


  13. #93
    DF VIP Member ivrytwr3's Avatar
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    Default Re: investing in crypto

    Do NOT buy on Revolut!!!!

    You cannot move the crypto off Revolut - fricking waste of time atm.

    2 Thanks given to ivrytwr3

    piggzy (28th February 2018),  Rhinoz (27th February 2018)  


  14. #94
    DF Super Moderator piggzy's Avatar
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    Default Re: investing in crypto

    Quote Originally Posted by ivrytwr3 View Post
    Do NOT buy on Revolut!!!!

    You cannot move the crypto off Revolut - fricking waste of time atm.
    Thanks for the warning. OK if you plan to HODL but a bit fucking useless atm.

  15. #95
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    Default Re: investing in crypto

    Quote Originally Posted by ivrytwr3 View Post
    Do NOT buy on Revolut!!!!

    You cannot move the crypto off Revolut - fricking waste of time atm.
    Is that because you are stuck selling at their price?


  16. #96
    DF Super Moderator piggzy's Avatar
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    Default Re: investing in crypto

    Quote Originally Posted by evilsatan View Post
    Is that because you are stuck selling at their price?
    If you are just wanting to hold the Crypto as investment then it doesnt matter but for those of us that want to trade with it you need to be able to withdraw it to whichever exchange you use.
    Its ok for just buying and selling BTC etc and their prices are good to be fair. Just not what I personally want it for.

  17. #97
    DF VIP Member rids's Avatar
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    Default Re: investing in crypto

    I did try cloud mining with nicehash to earn some bitcoin. But have done better with so old graphics cards and trading what o make on cryptopia. Also used Cryptopay to send the misses Starbucks vouchers


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    Thanks to rids

    piggzy (28th February 2018)  


  18. #98
    DF Super Moderator piggzy's Avatar
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    Default Re: investing in crypto

    Careful with Cryptopia. I was using them and lots of people started losing coin in transactions on there. It didnt happen to me but I shit myself and moved everything to Binance.
    They also dropped a few decent trading coins.

    Edit: Also if you do dabble in mining. Monero XMR is the most profitable way to mine atm. You can still change it to Bitcoin if that is what you want and despite network fees it still works out better than mining BTC directly.

  19. #99
    DF VIP Member rids's Avatar
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    Default Re: investing in crypto

    Quote Originally Posted by piggzy View Post
    Careful with Cryptopia. I was using them and lots of people started losing coin in transactions on there. It didnt happen to me but I shit myself and moved everything to Binance.
    They also dropped a few decent trading coins.

    Edit: Also if you do dabble in mining. Monero XMR is the most profitable way to mine atm. You can still change it to Bitcoin if that is what you want and despite network fees it still works out better than mining BTC directly.
    I've been mining zcash mainly now then move it into one of the exchanges I use.

    But monero has a fork coming up in about a month with a 1 to 10 airdrop. Worth a look.


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    Thanks to rids

    piggzy (28th February 2018)  


  20. #100
    DF Super Moderator piggzy's Avatar
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    Default Re: investing in crypto

    Quote Originally Posted by rids View Post
    I've been mining zcash mainly now then move it into one of the exchanges I use.

    But monero has a fork coming up in about a month with a 1 to 10 airdrop. Worth a look.


    Sent from my iPhone using Tapatalk
    They are also reducing network fees A LOT too

    Thanks to piggzy

    rids (28th February 2018)  


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