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Crypto Exchanges?
#1
Hey gang.

So, I've been mining for a while, getting Ethereum into my wallet and moving that to different exchanges to day trade with different alt-coins.   Pretty easy and profitable so far.  I've been using HitBTC for the last few weeks and have had good luck, but find the interface challenging/frustrating at times.

I have also been using Binance and really like that one - it is very intuitive and easy to navigate through it. Plus, they have coins which are not traded in HitBTC (like stellar coin.

I wanted to try other exchanges like BitTrex, Kraken and Poloniex, but getting accounts are difficult (not accepting new), plus Kraken was offline for two full days this month so I'm shying away for now.

I've read about Robinhood and they will be doing eth and btc starting feb 1 with free trades forever.  That is looking promising moving into the future, but not yet.   Only two coins starting next week, plus not available in Florida yet.  We'll see how that one goes.

So,
a) what are your thoughts about different exchanges.  Positives, negatives, etc.  
b) Which ones are you using and in what capacity.
c) if you do want to try binance, go ahead - signup is easy, quick, and they use 2FA very well.

Please use my referral code to sign up -no cost to you, and as I get referrals, I'll pass along some coinage to Pete/Mike. After all, it is their fault for my newest obsession Wink

    https://www.binance.com/?ref=25287978


Smiles and happy mining.
Howie
                                 ''~``
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|                                                                        |
|   Howie Grapek                        South Florida, USA               |
|   cell: 303.818.9414                  email: howiegrapek@yahoo.com     |
|   phone: 561-819-9988                 http://www.howieshomestead.com   |
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#2
First off, being in the US, crypto-currency exchanging has been placed on the taxable income. Each time you do an exchange, you're supposed to record the amount that was exchanged and make note of the taxes.
Mike and I are not doing exchanging for this reason, currently. The taxes haven't become fully clear as to what's what and how it effects everything.

I suppose as long as there is 100% anonymity of the transaction, you may be clear. But, it's still traced via wallet address.

Something to keep in mind for doing day trading Confused
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#3
(01-26-2018, 12:34 PM)Korishan Wrote: First off, being in the US, crypto-currency exchanging has been placed on the taxable income. Each time you do an exchange, you're supposed to record the amount that was exchanged and make note of the taxes.

This. I am not exchanging mine to USD or any other cryptocurrency. If you do, I'd advise finding a CPA and letting them handle the paperwork.
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#4
Ah, yes, I agree - the taxable events make my head hurt - I don't even want to think about that yet.
As of now, I have not pulled anything out as cash yet - just trading from one currency to another.
FWIW, This is an interesting article re: robinhood
https://www.cnbc.com/2018/01/25/stock-tr...ading.html
Smiles, Howie.
                                 ''~``
                                ( o o )
+--------------------------.oooO--(_)--Oooo.-----------------------------+
|                                                                        |
|   Howie Grapek                        South Florida, USA               |
|   cell: 303.818.9414                  email: howiegrapek@yahoo.com     |
|   phone: 561-819-9988                 http://www.howieshomestead.com   |
|                            .oooO                                       |
|                            (   )   Oooo.                               |
+-----------------------------\ (----(   )-------------------------------+
                               \_)    ) /
                                     (_/

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#5
(01-26-2018, 03:58 PM)howiegrapek Wrote: just trading from one currency to another.

You still have to claim that transaction. That's what I'm trying to explain.
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#6
I do wonder though, the hubs that auto transfer from what-ever coin to BTC or Litecoin, or what not, is that included as well? On NiceHash, you don't have control really of what coin is mined at any given time.
Like, right now, NH shows I have:
Quote:NeoScrypt
Lyra2REv2
DaggerHashimoto
CryptoNight
Equihash
as having ran those scripts. But it doesn't tell you really how many coins have been mined with each of those methods. Each mined coin gets converted to BTC by the pool.

So, how does that work?!?   Huh
Proceed with caution. Knowledge is Power! Literally! Cool 
Knowledge is Power; Absolute Knowledge is Absolutely Shocking!
Certified 18650 Cell Reclamation Technician

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#7
If it touches your wallet as BTC, then you were paid BTC so what the pool did is irrelevant. It's the pool's responsibility to figure out and file that - also irrelevant to them if they're not in the US anyway.
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#8
my head hurts
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#9
(01-31-2018, 03:26 AM)hbpowerwall Wrote: my head hurts

Now you see why I'm afraid to touch my coins Wink
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#10
i'll buy them from you with amazon magic cards lol
If you'd like to support the forum please feel free to use my affiliate links to purchase all kinds of stuff for your projects 
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hbpowerwall (02-01-2018, 01:09 AM), Oderus420 (01-26-2018, 02:58 PM), neurocis (01-31-2018, 05:18 AM), garolittle (01-27-2018, 04:11 PM), HughF (04-06-2018, 04:04 PM), darko79 (01-30-2018, 02:33 PM), gpn (01-27-2018, 05:35 AM), slayer26 (01-26-2018, 05:58 PM), Icy Strait (03-03-2018, 09:14 PM), Zvonko000 (12-09-2018, 02:39 PM), spud143 (05-10-2018, 01:24 PM), nkako (12-12-2018, 10:23 AM), chuckp (10-17-2018, 05:13 AM), howiegrapek (01-31-2018, 03:33 PM), zag2me (03-13-2018, 02:46 PM), mr_hypno (01-26-2018, 04:24 PM), mike (01-31-2018, 06:12 PM), Joaquinsfy (01-31-2018, 08:47 PM), opus40 (02-01-2018, 08:51 AM), ruby2 (01-27-2018, 03:57 AM), Korishan (01-31-2018, 05:42 PM), PAF (02-01-2018, 03:29 PM), jdeadman (01-31-2018, 06:41 PM), wim (01-31-2018, 03:51 PM), watts-on (01-31-2018, 04:44 PM), DanH (02-02-2018, 08:37 AM), SolarWind (01-29-2018, 04:00 AM), Geek (02-14-2018, 04:14 AM), clupton (08-29-2018, 11:08 PM)

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