I got a little extra cash in my bank account this month and I want to invest it into some cryptos. This is the first time I will be investing actually dollars into cryptos so I want to know what the best way is.
Is Coinbase still the best option at converting dollars to cryptos? Isn't there a week or two of backlog before your account get approved?
I'd like to get this done the fastest and safest way possible so if anyone knows the best way at doing this please share with me in the comments.
Thanks,
@wakeupnd
Join coinbase.
Pay with credit card for instant transactions.
Otherwise, pay with bank account and get coins in 8 days at the price you locked in.
FYI, I prefer to move my coins off of coinbase because problems with their exchange during high volumes... For example, when markets are dumping.
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Thanks for the reply.
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Gemini is better than coinbase. Less fees. I've used both. Gemini takes like two weeks to get your account approved. When you buy coins on gemini you can immediately start trading them on the gemini exchange but can't withdraw till the original deposit clears.
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Ah ok, that's the one I was thinking of where it takes weeks to get approved. They have higher withdrawal limits too if I remember correctly.
Thanks for the info.
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I use coinbase and Bitfinex, tried a fair few over the years but these 2 work best and easiest for me
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