Hi all, I'm a complete beginner at crypto buying and have recently signed up to Coinjar. Can someone please explain to me why the reference rate, for example, ETH is $544 yet when I go to "buy" the rate is then higher, at $547 . I have read the help sections, Google etc and can't seem to understand it. Thank you
How do I convert bitcoins to cash and pay the tax in Australia?
I bought bitcoins in cash from a bank. I was using a USB with tails on it to buy weed on the darkmarket about 3 years ago. I just found the USB and I have 5 bitcoins on it. This huge money for me. I sent the coins through a bitcoin mixer. Can I just put them on an exchange, sell and transfer to my bank account? One of my friends said I am stupid for mixing them because now I can't prove how I got them. Can I just transfer them to my bank account and just pay capital gains tax and make the assumption that I got them for $0? Will I get in any trouble with the tax office or the police?
Hello, Friday I decided to sell some of my profit in to cash, since we as society don't tend to write positive reviews, rather bad or negative experiences, I thought it's time after a year now of being with Coinjar to write something on a positive note. The experience I have had with Coinjar has been really good, fast deposits with BPAY and POLi, they've always been really accommodating and have always responded pleasantly and in a decent time-frame. The process of sending/receiving payments is easy and they've god a good system for their usernames with limited fees. Their overall buy price is a little higher than other exchanges, but it does work hand in hand if you want to buy lower elsewhere and sell higher with Coinjar, sure a 1% fee applies to a buy/sell though this hasn't worried me too much. On Friday I decided to sell some profits of $50,000.00 in to my bank account, I withdrew around 12:00pm on this Friday and it was deposited in to my account around 11:00pm that same night. I know many people here might think negative about the business but they're actually quite good in comparison, I'd not hesitate to use them again in future for further deposits & withdrawals. :)
Trying to get Dash in Australia and have a question
I made a post about this recently and was directed to btcmarkets.net to get some BTC and then covert to Dash (Through shapeshift - Let me know if there's a better alternative) Just want to know if this btcmarkets place is legit. Trying to make an account and they're asking me for some identification before I make a deposit into my btcmarket account which is fine... I'd just like to know if any of you have done this through btcmarkets and whether or not there were any hassles. Also slightly unrelated but does anyone know if I will need to set up a BTC wallet to get my coins from btcmarkets into shapeshift and then into my Dash account? Thanks :)
tldr; New exchange. Great price. Try out the instant demo now. CoinTree is Australia's newest bitcoin exchange with a focus on price, ease-of-use and security. www.cointree.com.au Why choose CoinTree: Best price in Australia CoinTree provides the best bang for buck. Source: comparebitcoins.net. No buy/sell fees. No bitcoin withdrawal fees. 2% cash withdrawal fee. Easy-to-use Complexities of bitcoin and trading are removed. Simply sign up, add funds and buy the amount of bitcoin you want. Instant demo on the homepage means you can try CoinTree obligation free without giving any personal details. Proof of bitcoin solvency CoinTree creates secure bitcoin wallets for their users and transfers actual bitcoin into the wallet when bitcoin is purchased. This allows you to verify your balance at any time using external sites such as blockchain.info. Safe and secure All website communication and user information is encrypted. See the FAQ for more. A specially designed security page helps novice and experienced users secure their accounts. Who we are CoinTree is based in Melbourne and founded by two software engineers and enthusiastic members of the bitcoin community with over 20 years combined experience building global software. Our ABN and ACN can be found in the footer of the site. We frequent the Melbourne bitcoin meetup and would love to say hi. If you have any questions/comments/feedback feel free to contact us at [email protected]. We would love to hear from you!
It doesn't matter that Bitcoin you spent in your past is worth more now
So I see this all over the place, people looking back at past transactions getting upset that they spent essentially what amounts to a $30 coffee or a $40,000 TV, only if they held! This is a negative way of looking at these transactions and actually damages the economy more. If you are putting in to crypto as "free" money that you can afford, then it makes sense that you might need to spend it because you have less money free to spend on other things. For example, something I do is put all of my free / left over paycheck into Bitcoin and leave enough for rent, bills, car expenses, food and enough money for my planned spends and an amount for "savings". Then if I run out of money in that week I would then spend my Bitcoin (coinjar debit card makes this easier, but at 1% it is quite expensive.) I wouldn't spend my savings because that was my secure future fund, don't go all in remember. So if I had run out of money (probably happened every three or four weeks, not super often) I would have to spend Bitcoin. If I look back and see how my $4 coffee was a $30 coffee today, it doesn't matter, because if I had kept back that $4 from Bitcoin in the first place each week I would have actually had less Bitcoin. Here are some numbers. Your Crypto fund per week. $50. This fund is pushing you to your financial limits after putting away safe money. So we have two people, me and person B. Me and B. Week 1: put in $50. Week 2: put in $50. Week 3: put in $50. Take out $4 for a coffee. Now I keep on putting in $50, B is scared and doesn't want to ever spend their Bitcoin, so they drop the amount in to $46 per week. Week 4: I put in $50, B puts in $46. Week 5: I put in $50, B puts in $46. Week 6: I put in $50, B puts in $46. So far, I have $296 in my Crypto fund. B has $284 in their fund. I am doing two things better than B: I am putting more in, because I am not scared to spend my Bitcoin. In addition, by putting more in and spending more I am participating more in the Bitcoin/crypto economy rather than the fiat economy of which B is limiting themselves to. This is why I don't care that I could of had more Bitcoin by not spending it, because that mentality would have actually made me too cautious and I would have far less Bitcoin today. TL:DR: By being willing to just spend Bitcoin if you need to, you create a mentality that lets you put more of your money into Bitcoin, thus overall increasing your Bitcoin fund. In addition this increased activity in the Bitcoin ecosystem increases Bitcoin's usage and awareness. (thus in the long run increasing the price).
Coinjar.io now has a 1.1% fee for selling bitcoins!
Coinjar has setup their sell feature and it's 1.1% I believe with the 2% buying fee they're now the best bitcoin solution out their for Australians (More countries to come they say). https://filler.coinjar.io/
What is Bitcoin. Bitcoin was created in 2009 through a whitepaper published by an anonymous entity going by the alias of Satoshi Nakamoto. It is a decentralised digital currency, which means that it's not owned by any central agency such as a government or a bank, and it's backed by blockchain technology. Buy bitcoin via an exchange. This is the most convenient and reliable way to buy and sell bitcoin. Digital currency exchanges will require you to register and verify your identity before depositing money to trade. In CoinJar’s instance, our customers can deposit Australian Dollars using BPAY or Blueshyft. CoinJar Digital Currency and Exchange Services, including associated mobile apps, are operated by CoinJar UK Limited, a private limited company registered in England and Wales (Company number 8905988). CoinJar Swipe, our prepaid EFTPOS card, is issued by Emerchants Payment Solutions Limited ABN 30 131 436 532 AFSL 404131. The longer, less price-obsessed version: bitcoin allows you – and every other person on Earth – to take a position against rampant inflation and economic uncertainty. It’s a way of keeping some of your wealth outside the traditional financial system, while also making a stand for a fairer, less easily manipulated vision of money. Read our comprehensive review of CoinJar, the all-in-one platform that offers a bitcoin brokerage, multi-currency wallet and cryptocurrency exchange.
Bitcoin (BTC) Long Term Price Predictions & Growth Potential
How to buy Bitcoin using Coinjar - Duration: 7:44. Tamara Mataia 3,465 views. 7:44. Bitcoin Halving 2020: History & Price Prediction (A Simple Explanation) - Duration: 12:33. Bitcoin Halving 2020: History & Price Prediction (A Simple Explanation ... CryptoCasey 211,781 views. 12:33. How to buy Bitcoin in Australia! Coinjar eftpos card, cash accounts, bpay and more! ... Bitcoin price is set to rise in 2020. Let's take a look at both the technicals on chart and on chain activity to see how those holding Bitcoin for longer tha... If you haven't created a USI-Tech account do that here for FREE: https://goo.gl/wh4Voj Complete tutorial on how to buy a USI-Tech Package using the Coinjar bitcoin exchange. THANKS FOR WATCHING! In this video, I talked about Bitcoin. I wanted to discuss a long term price prediction I came up with which is based on a relative value comparing to the market cap of fiat ...