Hi guys, I'm fairly new to crypto and I usually like to do a lot of research before choosing a service or product. I just recently purchased a tiny amount of bitcoin and ethereum through Independent Reserve, but I haven't transferred it to a wallet yet. I've been digging through some forums in the last few days and found that Coinjar and Mycelium were highly recommended. It seemed to have the best reputations for security but yesterday I saw an ad for a random company called CryptoSpend. The ad said I could pay my bills and transfecash out crypto to aud in seconds (?!) when using their wallet. There doesn't seem to be any fees either. It looks like they're pretty new themselves. I saw a few positive reviews on the play store and app store but I don't see any other reviews or testimonials on actual forums. Has anyone else tried CryptoSpend or heard of them before? I've checked out their website and socials and they seem to be legit. But I thought crypto payments took way longer than a few seconds. Is this too good to be true? Right now, I'm leaning towards Coinjar but if CryptoSpend's crypto to AUD conversions really are that fast, then it might be a deal breaker for me because I seriously hate waiting long. I'm eager to hear if anyone else has any input on them. Any help is greatly appreciated. Thanks in advance!
Hi all, I'm a complete beginner at crypto buying and have recently signed up to Coinjar. Can someone please explain to me why the reference rate, for example, ETH is $544 yet when I go to "buy" the rate is then higher, at $547 . I have read the help sections, Google etc and can't seem to understand it. Thank you
How do I convert bitcoins to cash and pay the tax in Australia?
I bought bitcoins in cash from a bank. I was using a USB with tails on it to buy weed on the darkmarket about 3 years ago. I just found the USB and I have 5 bitcoins on it. This huge money for me. I sent the coins through a bitcoin mixer. Can I just put them on an exchange, sell and transfer to my bank account? One of my friends said I am stupid for mixing them because now I can't prove how I got them. Can I just transfer them to my bank account and just pay capital gains tax and make the assumption that I got them for $0? Will I get in any trouble with the tax office or the police?
Hello, Friday I decided to sell some of my profit in to cash, since we as society don't tend to write positive reviews, rather bad or negative experiences, I thought it's time after a year now of being with Coinjar to write something on a positive note. The experience I have had with Coinjar has been really good, fast deposits with BPAY and POLi, they've always been really accommodating and have always responded pleasantly and in a decent time-frame. The process of sending/receiving payments is easy and they've god a good system for their usernames with limited fees. Their overall buy price is a little higher than other exchanges, but it does work hand in hand if you want to buy lower elsewhere and sell higher with Coinjar, sure a 1% fee applies to a buy/sell though this hasn't worried me too much. On Friday I decided to sell some profits of $50,000.00 in to my bank account, I withdrew around 12:00pm on this Friday and it was deposited in to my account around 11:00pm that same night. I know many people here might think negative about the business but they're actually quite good in comparison, I'd not hesitate to use them again in future for further deposits & withdrawals. :)
Trying to get Dash in Australia and have a question
I made a post about this recently and was directed to btcmarkets.net to get some BTC and then covert to Dash (Through shapeshift - Let me know if there's a better alternative) Just want to know if this btcmarkets place is legit. Trying to make an account and they're asking me for some identification before I make a deposit into my btcmarket account which is fine... I'd just like to know if any of you have done this through btcmarkets and whether or not there were any hassles. Also slightly unrelated but does anyone know if I will need to set up a BTC wallet to get my coins from btcmarkets into shapeshift and then into my Dash account? Thanks :)
tldr; New exchange. Great price. Try out the instant demo now. CoinTree is Australia's newest bitcoin exchange with a focus on price, ease-of-use and security. www.cointree.com.au Why choose CoinTree: Best price in Australia CoinTree provides the best bang for buck. Source: comparebitcoins.net. No buy/sell fees. No bitcoin withdrawal fees. 2% cash withdrawal fee. Easy-to-use Complexities of bitcoin and trading are removed. Simply sign up, add funds and buy the amount of bitcoin you want. Instant demo on the homepage means you can try CoinTree obligation free without giving any personal details. Proof of bitcoin solvency CoinTree creates secure bitcoin wallets for their users and transfers actual bitcoin into the wallet when bitcoin is purchased. This allows you to verify your balance at any time using external sites such as blockchain.info. Safe and secure All website communication and user information is encrypted. See the FAQ for more. A specially designed security page helps novice and experienced users secure their accounts. Who we are CoinTree is based in Melbourne and founded by two software engineers and enthusiastic members of the bitcoin community with over 20 years combined experience building global software. Our ABN and ACN can be found in the footer of the site. We frequent the Melbourne bitcoin meetup and would love to say hi. If you have any questions/comments/feedback feel free to contact us at [email protected]. We would love to hear from you!
It doesn't matter that Bitcoin you spent in your past is worth more now
So I see this all over the place, people looking back at past transactions getting upset that they spent essentially what amounts to a $30 coffee or a $40,000 TV, only if they held! This is a negative way of looking at these transactions and actually damages the economy more. If you are putting in to crypto as "free" money that you can afford, then it makes sense that you might need to spend it because you have less money free to spend on other things. For example, something I do is put all of my free / left over paycheck into Bitcoin and leave enough for rent, bills, car expenses, food and enough money for my planned spends and an amount for "savings". Then if I run out of money in that week I would then spend my Bitcoin (coinjar debit card makes this easier, but at 1% it is quite expensive.) I wouldn't spend my savings because that was my secure future fund, don't go all in remember. So if I had run out of money (probably happened every three or four weeks, not super often) I would have to spend Bitcoin. If I look back and see how my $4 coffee was a $30 coffee today, it doesn't matter, because if I had kept back that $4 from Bitcoin in the first place each week I would have actually had less Bitcoin. Here are some numbers. Your Crypto fund per week. $50. This fund is pushing you to your financial limits after putting away safe money. So we have two people, me and person B. Me and B. Week 1: put in $50. Week 2: put in $50. Week 3: put in $50. Take out $4 for a coffee. Now I keep on putting in $50, B is scared and doesn't want to ever spend their Bitcoin, so they drop the amount in to $46 per week. Week 4: I put in $50, B puts in $46. Week 5: I put in $50, B puts in $46. Week 6: I put in $50, B puts in $46. So far, I have $296 in my Crypto fund. B has $284 in their fund. I am doing two things better than B: I am putting more in, because I am not scared to spend my Bitcoin. In addition, by putting more in and spending more I am participating more in the Bitcoin/crypto economy rather than the fiat economy of which B is limiting themselves to. This is why I don't care that I could of had more Bitcoin by not spending it, because that mentality would have actually made me too cautious and I would have far less Bitcoin today. TL:DR: By being willing to just spend Bitcoin if you need to, you create a mentality that lets you put more of your money into Bitcoin, thus overall increasing your Bitcoin fund. In addition this increased activity in the Bitcoin ecosystem increases Bitcoin's usage and awareness. (thus in the long run increasing the price).
Coinjar.io now has a 1.1% fee for selling bitcoins!
Coinjar has setup their sell feature and it's 1.1% I believe with the 2% buying fee they're now the best bitcoin solution out their for Australians (More countries to come they say). https://filler.coinjar.io/
The longer, less price-obsessed version: bitcoin allows you – and every other person on Earth – to take a position against rampant inflation and economic uncertainty. It’s a way of keeping some of your wealth outside the traditional financial system, while also making a stand for a fairer, less easily manipulated vision of money. If you suspect that the system is rigged to ensure the ... Read reviews, compare customer ratings, see screenshots, and learn more about CoinJar: Buy Bitcoin & Crypto. Download CoinJar: Buy Bitcoin & Crypto and enjoy it on your iPhone, iPad, and iPod touch. For a limited time download the CoinJar app and apply to receive a Swipe (EFTPOS) Card for FREE, normally valued at $29. CoinJar is Australia’s longest-running digital currency platform ... CoinJar lets you buy, sell and manage bitcoin, for the everyday and the extraordinary. Open a CoinJar today to use our beautiful, simple digital finance tools. This Bitcoin price chart tracks the price of Bitcoin against USD over time. Learn more. 0%. This week. What is Bitcoin. Bitcoin was created in 2009 through a whitepaper published by an anonymous entity going by the alias of Satoshi Nakamoto. It is a decentralised digital currency, which means that it's not owned by any central agency such as a government or a bank, and it's backed by ... Coinjar Exchange Supports trading for Bitcoin, Ripple, Ethereum, and Litecoin. The platform allows the trading of all digital currencies against Bitcoin and Australian Dollars. Examples include BTC/AUD, ETH/AUD, LTC/AUD, XRP/AUD, ETH/BTC/, XRP/BTC and LTC/BTC. The Multiple markets provide traders with price charts and market depth, multiple day auction windows and time-enforced order types ...
#CoinJar #Bitcoin #Exchange Our mates at CoinJar are giving away AUD$10 worth of crypto & a free Swipe (EFTPOS) Card, valued at $29! Whether you're just starting or you're an experienced trader ... Bitcoin Halving 2020: History & Price Prediction (A Simple Explanation) - Duration: 12:33. ... How to buy Bitcoins using CoinJar from your Australian Bank account - Duration: 9:28. luke millard ... How to buy Bitcoins using CoinJar from your Australian Bank account - Duration: 9:28. ... Bitcoin Halving 2020: History & Price Prediction (A Simple Explanation) - Duration: 12:33. CryptoCasey ... Want to buy bitcoins? Let me show you how easy it is to deposit at Coinjar using your bank via POLi. (Sorry sound messed up, just copy what I do and you'll be fine) Quick video explaining how to purchase Bitcoin BTC packages using a Coinjar Wallet REGISTER for FREE HERE: https://goo.gl/58QSi7 Join our Members only Facebo...