Lykke wallet

in #lykke7 years ago (edited)

Hey people, I would like to put up some words on my experience with lykke wallet.
The first problem for some one like me with very limited knowledge of cryptos is how to buy bitcoin. There are various exchanges and sites which provide solution but either has very high fees or poor support in case something goes wrong. Believe me a lot can go wrong when you start your transactions and try to learn as you do.
Lykke is the most economical solution which I have used few times now. The app is little tricky to use and the trading wallet and private wallet is little confusing in beginning.
When we purchase using credit card you can buy ethereum or bitcoin and it goes to trading wallet. We need to create a private wallet and transfer it to private wallet first before trying to transfer ether or bitcoin to any ico or exchange address.
Apparently from trading wallet only the recipients with smart contracts can receive it. (No smart contracts holders I know of).
Lykke is definitely the one I would continue to use despite some initial difficulties. I'm sure if you try it then you wouldn't want to use any other.

www.lykke.com

Update on new fees on lykke....no so cheaper any more..

As of 12:00 CET on February 7, 2018, we will be implementing the following fees and limits on the Lykke Exchange::

For deposits from credit cards and other payment systems, each deposit will be subject to a 4% fee. We will institute a maximum of 3 transactions per day, with a maximum per-transaction deposit amount of 3000 USD (or equivalent) and a limit of 16000 USD per month.
For cryptocurrency transactions, withdrawals will be subject to a fee of 0.001 BTC, 0.01 ETH, 10 TREE, 0.002 SLR and 0.3 TIME. Deposits will remain free of charge.
For bank transfers, SWIFT withdrawals will be a subject to a fee of 20 USD, with a minimum transaction limit of 50 USD for both deposits and withdrawals. The maximum limit will be 1 000 000 USD or an equal amount in other currency.  In case a single transfer or cumulative of multiple transfers is above 17 000 USD, the compliance team will follow Enhanced KYC procedure.
For trading within Lykke Exchange, the commission will remain 0%