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Virtual Currency - Alt Coin Discussion Thread Virtual Currency - Alt Coin Discussion Thread

09-23-2021 , 07:21 AM
Quote:
Originally Posted by Sheep86
Does anyone around here have experience with Youhodler? I'm thinking of parking some stablecoins there. But if Celsius, Blockfi and Nexo are generally considered to be safer options, I'd rather pick one of those.

No exp with youhodler. Depending on your jurisdiction you may want to look into Ledn. Only usdc atm but your funds are lent solely to Genesis iirc.
Virtual Currency - Alt Coin Discussion Thread Quote
09-24-2021 , 09:43 AM
Sub $18 CAKE is a steal if you're in the auto pool.
Virtual Currency - Alt Coin Discussion Thread Quote
09-25-2021 , 10:58 PM
Are there any US citizens here that still have funds in binance.com? I haven't logged into my binance account in a while and I just found out that US citizens haven't been able to use it anymore for a long time. The thing is I am outside the US almost all year so I could still access binance while abroad.



But I got an email stating if I don't submit KYC soon, then my account will only be withdraw only. Note... I have not used my binance account in a while, just used it to store a small amount of btc and altcoins.



I also read the max limit one could withdraw is only 0.06 btc on binance if they are not verified. So I would have to do a few multiple withdraws. Well since I cannot give my KYC verification since Im a US citizen, obviously I need to withdraw my funds. But does anyone know if I could still trade till then? Asking this because I am considering just selling the altcoin for btc or a stablecoin and then withdrawing. Would like if anyone is or was in a similar situation. Obviously making sure I withdraw everything soon is important.



I like to also add that since im outside the US almost all the time, anytime I ever logged into binance.com, it was always with a non us ip address. Thus I never used a vpn or anything like that ever with binance. I guess this would also apply to people who don't plan to submit any KYC soon to binance but my issue of of course is my KYC would be US documents. I am outside the US now and the last time I logged into binance.com was probably a month ago. I basically just keep some of my coins there.
Virtual Currency - Alt Coin Discussion Thread Quote
09-26-2021 , 12:50 AM
I had a similar situation with Bitfinex. I just explained the situation and they let me log in to withdraw to whatever account I want.

You could try opening a Binance.us account, and then asking them to transfer all of your binance account to it. I completely understand if you don't want to risk telling them though.
Virtual Currency - Alt Coin Discussion Thread Quote
09-26-2021 , 09:08 AM
Binance is sketchy I always take coins off there and send it somewhere else. They are getting more and more strict with KYC even for binance us.
Virtual Currency - Alt Coin Discussion Thread Quote
09-26-2021 , 11:09 AM
Quote:
Originally Posted by SuperSwag
Binance is sketchy I always take coins off there and send it somewhere else. They are getting more and more strict with KYC even for binance us.
Not your keys, not your coins
Virtual Currency - Alt Coin Discussion Thread Quote
09-26-2021 , 06:19 PM
Binance is not sketchy at all. They are being crunched by the feds that's all. And they are doing what they have to do by letting people withdraw and no longer allowing non KYC accounts.

It's a shame as they were the best place to trade derivatives. You know the SEC wants to "protect" everyone while anybody can trade forex and have absolutely 0 chance.

I have a couple places in mind, but anybody have any recommendations to trade higher leverage?
Virtual Currency - Alt Coin Discussion Thread Quote
09-26-2021 , 06:23 PM
Bitmex, ftx
Virtual Currency - Alt Coin Discussion Thread Quote
09-26-2021 , 06:27 PM
Quote:
Originally Posted by housenuts
Bitmex, ftx
From my understanding bitmex has KYC now and doesn't allow US customers. I should have been more specific. Needs to allow US customers, because I'm pretty sure as of now derivatives are not allowed in US. Anybody use bybit?
Virtual Currency - Alt Coin Discussion Thread Quote
09-26-2021 , 11:30 PM
maybe looking for this https://coinmarketcap.com/rankings/e...s/derivatives/

I like Kucoin, been around several years and the app is basically a binance clon, some people have millions in it to trade.

just dont understand why you trade high leverage, if you're winning big they can close your position due to the auto-deleverage stuff, also in futures markets there are usually big shake outs to liquidate everyone that don't happen in the spot market, specially on small exchanges.
Virtual Currency - Alt Coin Discussion Thread Quote
09-29-2021 , 12:18 AM
Quote:
Originally Posted by CharlieK8
Are there any US citizens here that still have funds in binance.com? I haven't logged into my binance account in a while and I just found out that US citizens haven't been able to use it anymore for a long time. The thing is I am outside the US almost all year so I could still access binance while abroad.



But I got an email stating if I don't submit KYC soon, then my account will only be withdraw only. Note... I have not used my binance account in a while, just used it to store a small amount of btc and altcoins.



I also read the max limit one could withdraw is only 0.06 btc on binance if they are not verified. So I would have to do a few multiple withdraws. Well since I cannot give my KYC verification since Im a US citizen, obviously I need to withdraw my funds. But does anyone know if I could still trade till then? Asking this because I am considering just selling the altcoin for btc or a stablecoin and then withdrawing. Would like if anyone is or was in a similar situation. Obviously making sure I withdraw everything soon is important.



I like to also add that since im outside the US almost all the time, anytime I ever logged into binance.com, it was always with a non us ip address. Thus I never used a vpn or anything like that ever with binance. I guess this would also apply to people who don't plan to submit any KYC soon to binance but my issue of of course is my KYC would be US documents. I am outside the US now and the last time I logged into binance.com was probably a month ago. I basically just keep some of my coins there.


Thanks for the few comments.



Well i hold an altcoin in binance and have a very tiny amount of btc and bnb coin there. I have around 2k worth of that altcoin now and around 5 dollars each of btc and bnb each. So roughly around 2010 dollars there.



The thing is i see binance charges you around 0.0005 btc fee to withdraw btc. I do not even have that btc amount to cover the withdrawal fee. So its around 22 dollars to withdraw btc. I see that they charge 25 dollars if you withdraw via usdt/usdc via ETH. But if you withdraw via binance smart chain or tron, its literally 1 dollar as the withdraw fee.


Have a nano ledger where i keep some btc and bch there.


What is your advice on withdrawing from binance without paying much in fees? I know the easiest thing to do is sell that altcoin for btc and tiny amount of bnb for btc and then withdraw the entire amount to my nano ledger but you eat that withdraw fee.
Virtual Currency - Alt Coin Discussion Thread Quote
09-29-2021 , 12:43 AM
Another option seem to be


Sell the altcoin for btc. Sell the bnb for btc. Then sell the btc for usdt/usdc? But I read if you do that... you need to make sure you are withdrawing it via Binance Smart Chain or Tron so you pay a dollar fee otherwise you going to pay 25 dollars for the withdraw. But not only that... the next time I send the usdt/usdc if its in the ETH chain... will cost me another 25 dollars each time?


The other issue is I don't really want to sell that altcoin. But if I withdraw that to my nano ledger, the next time i send to an exchange, I'm going to pay that ETH fee right? That altcoin is an ERC 20 coin. I just kept it in binance for a very long time. Someone else mentioned its not even worth keeping the altcoin if i have to pay ETH fees in the future.


The other issue is I am a resident in a restricted state in the US where I cannot even use binance.US even though I'm abroad almost all year. My only choices are coinbase/gemini. So if I have usdt/usdc that is in the Binance Smart Chain or Tron in my nano ledger... how can i even trade it if coinbase/gemini only has usdt/usdc that is ETH only?



So what happens if you have a coin and cannot sell it due to country restrictions? I read that you can always bypass this with those peer to peer networks? Like imagine you own BNB or BUSD, but you can't trade it because you cannot use binance or binance.US. Are you screwed? Is it possible that one can't even sell that altcoin in future because of this if it isn't a very popular coin? Or its always possible with those exchanges. Such as you find someone who could access binance or binance.US and trade with them? Of course I do not know how you could trust someone but those peer to peer exchanges allow it to happen?
Virtual Currency - Alt Coin Discussion Thread Quote
09-29-2021 , 12:59 AM
Quote:
Originally Posted by astro
maybe looking for this https://coinmarketcap.com/rankings/e...s/derivatives/

I like Kucoin, been around several years and the app is basically a binance clon, some people have millions in it to trade.

just dont understand why you trade high leverage, if you're winning big they can close your position due to the auto-deleverage stuff, also in futures markets there are usually big shake outs to liquidate everyone that don't happen in the spot market, specially on small exchanges.
Much lower fees with perpetuals. Plus the funding rate can add extra EV.

Leverage also can lower counterparty risk. However, you are right that one should not take on too much.
Virtual Currency - Alt Coin Discussion Thread Quote
10-03-2021 , 10:34 AM
Q4 outlook for crypto, tl;dr but well worth the read IMO: https://blknoiz06.substack.com/p/qua...eb&utm_source=
Virtual Currency - Alt Coin Discussion Thread Quote
10-08-2021 , 04:15 AM
Is anyone into the Cosmos ecosystem? Wondering if buying and staking Akash is still a good opportunity.
Virtual Currency - Alt Coin Discussion Thread Quote
10-08-2021 , 05:29 AM
Quote:
Originally Posted by ItDoesntMatter
Is anyone into the Cosmos ecosystem? Wondering if buying and staking Akash is still a good opportunity.
Everything on Osmosis is good for yield.
Virtual Currency - Alt Coin Discussion Thread Quote
10-09-2021 , 07:22 AM
Quote:
Originally Posted by housenuts
Everything on Osmosis is good for yield.
Thanks - also sorry for missing your reply to my PM earlier.

I like the Cosmos ecosystem, but I'm worried that BTC.D seems to be ripping up now and staking (or holding in general) altcoins may not be good for the time being...Any thoughts?
Virtual Currency - Alt Coin Discussion Thread Quote
10-09-2021 , 06:31 PM
BTC is definitely beginning to suck up the liquidity... take a look at that dominance, it is nearly back up to 43% now and ETH is under 18%.

Alt's will have their day... but it's BTC's time right now.
Virtual Currency - Alt Coin Discussion Thread Quote
10-09-2021 , 10:51 PM
Are ya'll trying to time rotations from BTC->ETH with the assumption that BTC moons followed by ETH, or just HODLing your regular allocation of BTC/ETH?
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10-11-2021 , 01:01 AM
Guys I just put some AKT/ATOM into a pool on Osmosis DEX yesterday, now I don't see a balance anywhere, did the devs hack me?
Virtual Currency - Alt Coin Discussion Thread Quote
10-11-2021 , 06:34 AM
Quote:
Originally Posted by ItDoesntMatter
Guys I just put some AKT/ATOM into a pool on Osmosis DEX yesterday, now I don't see a balance anywhere, did the devs hack me?
No
Virtual Currency - Alt Coin Discussion Thread Quote
10-11-2021 , 11:53 AM
I put it into this pool but now I don't see anything, nothing in my Keplr wallet either, are you sure they didn't pull the rug out from under my feet

https://i.imgur.com/g4EihCM.png
Virtual Currency - Alt Coin Discussion Thread Quote
10-11-2021 , 12:12 PM
Quote:
Originally Posted by ItDoesntMatter
I put it into this pool but now I don't see anything, nothing in my Keplr wallet either, are you sure they didn't pull the rug out from under my feet



https://i.imgur.com/g4EihCM.png
Not sure what you did wrong. Check your address on mintscan.
Virtual Currency - Alt Coin Discussion Thread Quote
10-11-2021 , 01:59 PM
https://www.mintscan.io/cosmos/accou...uj3wataz2eq3j5

I don't really get how this all works, but after I sent ATOM from coinbase to Keplr to Osmosis, I converted it to AKT, then I realized the staking pool I was looking at required a ratio of 66:34 AKT:ATOM so I converted some back to ATOM then put it in a pool.

Ok weird, I checked now it and says I have $318 bonded on Osmosis, I guess I just had to wait 24 hours to see it. Too bad alts are bleeding out but I want to learn about these DEX things
Virtual Currency - Alt Coin Discussion Thread Quote
10-11-2021 , 02:11 PM
Looks like you pooled 3 atom and 70 akt and all is well.

Best way to learn is just by doing.
Virtual Currency - Alt Coin Discussion Thread Quote

      
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