RE: Looking To Buy Steem Or Steem Dollars Direct (Steem Monsters Market - Adding Rare Monsters)

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Looking To Buy Steem Or Steem Dollars Direct (Steem Monsters Market - Adding Rare Monsters)

in steemmonsters •  7 years ago 

ok I opened my bittrex account... but I don't know how do deposit us dollars into it... Do you know how to do that?

steemmonsters
7 years ago by

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      ·  7 years ago 

    Err, no :)

    I use coinbase to buy and then send litecoin or ethereum to Bittrex, to then sell for Bitcoin, and then buy STEEM.

    This is cheaper than Blocktrades, but more work. When you can deposit directly to the exchange this should be better.

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      ·  7 years ago 

    lol.... :) ... well I have another project to get a coinbase account too... :P

    I'm getting there, one down and one more to go!

    Thanks for the help Asher :)

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        ·  7 years ago 

      Mission accomplished (sorta) ... I did get the coinbase and the bittrex accounts set up... got the coinbase funded and bought the ETH... I have to wait 6 days for the funds to clear before I can transfer out to buy steem, but heck that is far closer than I have ever been!

      Thanks to you and @themanwithnoname and all the others that have commented, I have learned their is a much more efficient way to buy and sell that doesn't take a 10% cut off the top!

      Thanks Asher! (now I hope the price stays down for a week) ;)

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          ·  7 years ago 

        Glad you're at least making progress. Sorry it hasn't been as easy as you thought it might be.

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          ·  7 years ago (edited)

        I read about bittrex, sounds promising. Unfortunately, in this article dated 05/31, it's only available to select states in the US. We're not on the list yet. I would likely switch from coinbase to them once they are available.

        "At press time, the service is only available to corporate clients in New York, California, Washington and Montana"

        https://bitcoinmagazine.com/articles/bittrex-lands-bank-agreement-help-customers-buy-bitcoin-dollars/

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          ·  7 years ago 

        I have the bittrex account set up, now I just need a coinbase account and I think I'm ready to roll! Thanks for the digging @beeyou :)

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          ·  7 years ago 

        Did you read my epic rant on coinbase? They now want all your info, SSN, DOB, copy of ID/DL, everything! I should trust them but I made a credit card deposit one time and it said it was an international transaction. Why is that when the company is based in San Francisco?!

        There are still transaction fees to send ETH to bittrex from coinbase. I bought one ETH couple weeks back and it was $5 transaction fee to buy. Then you also have miner fee applied to send out from coinbase.

        It would be great when bittrex lets us buying directly with fiat currency.

        Best way to go is to buy from someone directly on Steemit.

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