A newbies experience with Cryptocoins PT 2
Three days ago I wrote a brief story about my intial experiences with Cryptocoins/Cryptocurrencies/Crypto and focused on the process of "cashing out". I described setting up a brand new checking account with Capital One 360 for no fees and no minimum balance.
After two days the funds from coinbase have cleared and I have successfully mined, traded, spent and cashed out a bit of cryptocurrency. I am currently still mining Zec(zcash) and XMR(Monero) using some spare video cards and decommissioned Xeon processors. I look forward to being able to directly spend Zec and XMR instead of trading and exchanging it and then waiting to cash out, however, I am not comfortable moving forward with the experience as a whole. The biggest thing that I'd like to see change moving forward is the delay in confirming crypto transactions. Coinbase was very easy to use and mostly performed as expected.
https://www.coinbase.com/join/5a1f7509969d0d00d896810c
While more related to the transaction time, there was a brief point with Coinbase that my sell order claimed to go through but there was no listing of information on my account. Ten minutes later, I got an email indicating the trade executed, confirmed all the account information and my dashboard updated with the order as well.
I look forward to spending the next post detailing my XMR setup and how I feel about entering the world of mining.
I am also looking for recommendations on exchanges for trading to use until my preferred wallet is updated to handle all of the currencies I currently dabble in. Leave a recommendation in the comments for me! Thanks!