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I love it from the perspective as a gamble. However, I get myself stuck on how difficult it is to get cash out of bitcoin. I wonder if the price pressure is du
by kjrose 9y ago
I love it from the perspective as a gamble. However, I get myself stuck on how difficult it is to get cash out of bitcoin.
I wonder if the price pressure is due to that.
- Slartie 9y agoI recently pulled out my initial investment by using Kraken (in EUR via SEPA bank transfer, so my experiences only apply to that), and it was super-easy and fast. Deposits usually took 2 days to clear; the withdrawals took just one business day until they showed up on my bank account. So it was even faster to get money out of it than to get it in. Kraken's trading engine is utter crap, but as an on- or off-ramp for fiat it seems to be worthwhile. I guess for USD it should work just as well, though GDAX/Coinbase seems to be the most-used on/off-ramp there.
- kjrose 9y agoIn Canada I’m having a harder time to find a liquid exchange to go back to CAD.
- AgentME 9y agoI know you said you're in Canada, but for anyone else reading this in the United States, Gemini and Coinbase are widely-available and dependable for transfers in either direction between Bitcoin and USD. (Maybe they're available outside of the US too, I have no idea. It's a shame that it's apparently so hard to make transfers between countries with the regular banking system.)