Quote Originally Posted by stevebrickman View Post
How are you buying?? Most of the exchanges that i have checked will currently only accept immediate deposits with a few % fee on top, rather than free bank transfers.
I am now using Coinbase to buy using my credit card.
It is easy you simply scan your passport or other ID document and provide a credit card details to use to buy.
If you sell cryptocurrency it goes into a Sterling or Euro wallet again with Coinbase.
When you first want to withdraw money they make you go through some hoops because of money laundering regs.
that said I am accumulating a modest holding of crypto as i want skin in the game for the long haul.
As soon as I have bought i transfer my cryptocurrency...Bitcoin...Litecoin away from Coinbase into a private wallet Bread wallet (Bitcoin) Loaf wallet (Litecoin) on my iPhone.
When I have say £500 worth of Crypto I get my Trezor out and move the Crypto offline to my cold wallet.