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Author Topic: Bit coin  (Read 1237 times)

Offline onlineshippingdept

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Bit coin
« on: February 25, 2020, 10:58:09 AM »
Where can I buy Bit Coin? I used coinbase but the fees are every time you click a button lol...you know what I mean
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Offline as2

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Re: Bit coin
« Reply #1 on: February 25, 2020, 11:00:10 AM »
Quote from: onlineshippingdept on February 25, 2020, 10:58:09 AM
Where can I buy Bit Coin? I used coinbase but the fees are every time you click a button lol...you know what I mean
Robinhood lets you buy and sell for free, but adds 1% to the buying price and takes 1% from the selling price. Allows for price changes while purchasing I believe.
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Offline onlineshippingdept

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Re: Bit coin
« Reply #2 on: February 25, 2020, 11:15:18 AM »
Thanks, sorry I already have a Robinhood account;-)
So in the end after you buy and sell, you will have paid them a total of 1 or 2 percent?
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Offline as2

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Re: Bit coin
« Reply #3 on: February 25, 2020, 11:21:20 AM »
Quote from: onlineshippingdept on February 25, 2020, 11:15:18 AM
Thanks, sorry I already have a Robinhood account;-)
So in the end after you buy and sell, you will have paid them a total of 1 or 2 percent?
Awesome, so you're all set. I believe the buying price factors in a 1% increase just in case the price jumps while you're completing the transaction, and the opposite for selling. It's not a fee, just a safegaurd on their part, but you often pay a bit less or get a bit more than they are quoting. Not a big deal in the scheme of things.
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Offline onlineshippingdept

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Re: Bit coin
« Reply #4 on: February 25, 2020, 11:37:52 AM »
Stupid question then: why would someone use coinbase? the fees are endless. if Robbinhood is all free
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Offline as2

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Re: Bit coin
« Reply #5 on: February 25, 2020, 11:41:56 AM »
Quote from: onlineshippingdept on February 25, 2020, 11:37:52 AM
Stupid question then: why would someone use coinbase? the fees are endless. if Robbinhood is all free
I don't really deal much with cryptocurrency, so I'm not sure, but I'd guess there are some benefits to one over the other.
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Offline onlineshippingdept

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Re: Bit coin
« Reply #6 on: February 25, 2020, 11:43:02 AM »
Thanks!
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Offline yeshivabucher

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Re: Bit coin
« Reply #7 on: February 25, 2020, 12:00:04 PM »
cashapp also has bitcoin options
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Offline myi

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Re: Bit coin
« Reply #8 on: February 25, 2020, 01:30:59 PM »
Quote from: yeshivabucher on February 25, 2020, 12:00:04 PM
cashapp also has bitcoin options
I'm happy with them even though they started charging a little bit of a fee when selling my Bitcoin.
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Offline as2

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Re: Bit coin
« Reply #9 on: February 25, 2020, 04:06:06 PM »
Quote from: onlineshippingdept on February 25, 2020, 11:37:52 AM
Stupid question then: why would someone use coinbase? the fees are endless. if Robbinhood is all free
Just thinking about this. I don't believe you can send bitcoin to others via robinhood. So if you are looking to pay for things with it, you will likely need to use an app with fees, like coinbase. I may be wrong here, that's just my observation.
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Offline modechai

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Re: Bit coin
« Reply #10 on: February 25, 2020, 08:05:16 PM »
Quote from: onlineshippingdept on February 25, 2020, 10:58:09 AM
Where can I buy Bit Coin? I used coinbase but the fees are every time you click a button lol...you know what I mean
coinbasepro is cheaper
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