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RE: CryptFolio - Here's How To Protect Your Portfolio In These Downward Trends Markets...
Re: getting fiat in via Coinbase do you use your debit/credit card or SEPA? I haven't done the SEPA setup yet as it takes days and my bank charge £15 for it.
I didn't use Coinbase, I used Bitstamp when I first got into crypto. I used SEPA and paid £25! I now use Coinbase, I also recommended to a friend who put fiat in using debit card and he seems pretty happy with the system.
SEPA is recommended for big purchases. I take that as meaning anything above about £500. Although I don't know debit card is not suitable for larger amounts. I just use coinbase to cash out my inital stake plus a little extra 'me' money :)
Thanks @jhcooper7. Is it free to cash out via SEPA? My issue with the debit card is that the weekly limit is far too low for me right now. So was looking at SEPA to deposit a reasonable amount of GBP to have on hand for trades and benefit from lower fees (1.49% vs 3.99%)
I have not, as of yet, cashed out. My girlfriend is screaming at me but I have a long on Golem that I am waiting to close before I do cash out. I spoke the bank and there is no charge on their end, it is down to Coinbase.
That's good to hear then - don't want your profits to be tied up with paying fees! When you cash out on golem I assume you then transfer the proceeds (fiat/BTC/ETH/LTC?) to Coinbase and then withdraw via SEPA? Sorry for the questions! Trying to understand the end to end process :)
No worries, you only learn by asking! Yeah, I'm likely to do it via ETH as it is, or at least was last time I did this, a faster cheaper network. Once it's in Coinbase I have to sell it for Euro to then be able to get £s into my English account. It's a very long-winded process!
Why sell for Euro if you want £ in your English account? :) That's smart using ETH for lower trans fees I know BTC looks quite expensive (and is slow). LTC looks like it has low trans fees - I need to compare this to ETH
Coinbase won't let you withdraw £s unfortunately
I see! Looks like I'll be selling in euros too then :) do you get charged a GBP conversion fee if transferring euros into a GBP account?