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SVTPerformance's Chain of Restaurants
Road Side Pub
Dogecoin anyone lol?!
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<blockquote data-quote="quad" data-source="post: 16616696" data-attributes="member: 17952"><p>I am mining Ethereum to my Coinbase wallet. But I don't buy or trade anything on Coinbase. The fees are too high. So my Coinbase balance keeps growing because of ETH deposits via mining. I have sent some ETH to Binance for trading purposes but have not yet made any moves. I could also mine to the Binance wallet but figured I would just keep that at Coinbase so taxes don't become too complicated.</p><p></p><p>Binance.com has a ton of cryptos but US citizens can't use it (unless with a VPN but you would do so at your own risk).</p><p></p><p>Binance.us has quite a bit of cryptos (but not as much as the dotcom version) to choose from but they have delisted XRP. You can still deposit or withdraw XRP but not trade with it. And your XRP balance in USD is not listed. If the SEC and XRP issue is resolved favorably I suspect they will relist XRP for trading. Same goes for Coinbase. But then the price would probably shoot up before you can buy into it. If you want to make a bet now you'll have to go to an exchange that has not delisted XRP and trade tokens into it. Just keep in mind that XRP could go south if the SEC wins their case.</p><p></p><p>You can also link your bank account on binance.us after going through the KYC process. It will take some time for them to approve your account. I believe they are fully regulated in the USA like Coinbase and their fees are lower than Coinbase. </p><p></p><p>There are decentralized exhanges that are very popular now for leveraged trading. Pancakeswap (running on Binance Smart Chain) and Uniswap (Running on Ethereum) are some that I have heard of but there are others. Since they are decentralized (well Pancakeswap is really centralized lol) they don't have KYC compliance. I have heard that Coinbase will flag an account that sends a lot of cryptos to or from a decentralized exchange. So if you are going to use those it would be better to avoid that path.</p></blockquote><p></p>
[QUOTE="quad, post: 16616696, member: 17952"] I am mining Ethereum to my Coinbase wallet. But I don't buy or trade anything on Coinbase. The fees are too high. So my Coinbase balance keeps growing because of ETH deposits via mining. I have sent some ETH to Binance for trading purposes but have not yet made any moves. I could also mine to the Binance wallet but figured I would just keep that at Coinbase so taxes don't become too complicated. Binance.com has a ton of cryptos but US citizens can't use it (unless with a VPN but you would do so at your own risk). Binance.us has quite a bit of cryptos (but not as much as the dotcom version) to choose from but they have delisted XRP. You can still deposit or withdraw XRP but not trade with it. And your XRP balance in USD is not listed. If the SEC and XRP issue is resolved favorably I suspect they will relist XRP for trading. Same goes for Coinbase. But then the price would probably shoot up before you can buy into it. If you want to make a bet now you'll have to go to an exchange that has not delisted XRP and trade tokens into it. Just keep in mind that XRP could go south if the SEC wins their case. You can also link your bank account on binance.us after going through the KYC process. It will take some time for them to approve your account. I believe they are fully regulated in the USA like Coinbase and their fees are lower than Coinbase. There are decentralized exhanges that are very popular now for leveraged trading. Pancakeswap (running on Binance Smart Chain) and Uniswap (Running on Ethereum) are some that I have heard of but there are others. Since they are decentralized (well Pancakeswap is really centralized lol) they don't have KYC compliance. I have heard that Coinbase will flag an account that sends a lot of cryptos to or from a decentralized exchange. So if you are going to use those it would be better to avoid that path. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Dogecoin anyone lol?!
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