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Post by Admin on Mar 16, 2018 21:01:51 GMT
Here are places to buy Ether ETH if anyone was looking to buy XNK with ETH from IDEX: www.coinbase.com/join/5470fae2dd4c0e563c000002That link is for coinbase and it is my referral link, if you use that to sign up and buy or sell $100 of digital currency or more, and we'll both earn $10 of free bitcoin! Coinbase and their exchange GDAX are what I mainly use for exchanging to/from BTC, ETH, LTC, and USD. Apparently you will need 2 Factor Authentication to set up an account with them. There is also blockchain.info which I have used as a bitcoin wallet for a long time, they just started allowing buying/selling of BTC for certain states, and they also support trades from BTC to ETH. I haven't tried to buy from them though as I pretty much use GDAX like I mentioned. If anyone has any other suggstions here, please let me know! Please note that both blockchain and coinbase DO NOT support the ERC 20 tokens, like XNK, please DO NOT send any there as they will be lost. Ask any questions you might have, and check out the other thread on using IDEX to buy/sell XNK with ETH
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Post by Christine on Mar 16, 2018 22:48:13 GMT
1) So can you sell INK there?
2) Say you sell 100 XNK to USD. After ALL (and I mean all) transactions fees, what would the bottom line be?
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Post by Admin on Mar 17, 2018 16:48:28 GMT
1) So can you sell INK there? 2) Say you sell 100 XNK to USD. After ALL (and I mean all) transactions fees, what would the bottom line be? 1) No, as I mentioned in the post DO NOT send XNK (not INK) to coinbase, it WILL be LOST!!! This is for people looking to buy XNK off IDEX, so they need ETH which can be bought from coinbase. If you are looking to SELL XNK for cash it must be traded for ETH first on IDEX, then transfer the ETH to coinbase where you can sell it. 2) It depends on a few things, Listia will charge a small XNK fee to transfer out of Listia. IDEX charges I think 0.25% trading fees, then I send my ETH to coinbase/GDAX (I use GDAX because less fees, but they are both owned by same company) and exchange ETH for USD on GDAX and GDAX fees are: currently, all markets have a maker fee of 0%; BTC markets have a taker fee of 0.25% and BCH ETH & LTC markets have a taker fee of 0.3%. Then I withdraw my USD via ACH to my bank on GDAX for FREE. All the while you will need about .005 ETH for gas fees for all the XNK transfers, but you are only charged about .001 ETH when the transactions confirm and all is said and done. Not sure what that totals to, because it is for the most part done in %'s, so feel free to calculate your own fees using all that.
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natahoa
Junior Member
Long time LIstia user. Ink investor.
Posts: 73
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Post by natahoa on Jun 10, 2018 11:11:31 GMT
Mike, Hope you see this message! I finally signed up for a GDAX account and am having money sent there to buy ETH eventually. I need your advice ... when I buy ETH which settings should I use for market or limit, and if using "limit" which settings should I use?
Nancy (natahoa)
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Post by Admin on Jun 26, 2018 16:22:50 GMT
Mike, Hope you see this message! I finally signed up for a GDAX account and am having money sent there to buy ETH eventually. I need your advice ... when I buy ETH which settings should I use for market or limit, and if using "limit" which settings should I use? Nancy (natahoa) Hey! Just saw this, sorry I haven't been checking in as much as I said I would. Pretty much every exchange you will use for crypto has Market Books where you can place orders to buy or sell. The difference between a market and a limit order, is that a market order is being placed against the existing orders in the Market Book, meaning that if I want to sell say 1 Bitcoin as a market order it will go to whoever the highest bidder is in the Market Book, whether it is $6,000 or $6, and similarly for a market buy you will pay whatever the lowest posted sell order is, whether it is $6,500 or $6.50 (not sure if that makes sense for you or not). A limit order is the exact opposite, limits are the orders that are listed in the Market Books, you name your price whether it is 1 Bitcoin for $6,000 or $6, but you obviously have to wait for someone to do a market order for your limit order Benefits of using limits orders are usually cheaper fees, like GDAX I believe it is free for limit orders (market makers) and like 0.3% for market orders (market takers). Not a big difference as a market order of say $100, would only have a $0.30 fee, small price to pay for easy liquidity. Of course $0 fee is better than $0.30, but that is if you want to be a market maker with limit orders, which requires patience.
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