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RE: I Buy Steem - can we bypass the exchanges?

in #steem7 years ago (edited)

I use kraken to buy btc which is £11 to send to - hence I don't input less than £500 in one go. Then it's kraken to bittrex (tbh I don't wanna know about the fees here - I've done this in quite small chunks, but judging by what you're saying I'm going to up the floor amount - then it's as you say above.

I did note with horror an enormous £25 transaction fee for sending about 0.05 BTC from my phone wallet to bittrex a week or so ago - and I watch the price of steem rise and rise from its lowest point in weeks while my btc just 'sat there'.

I think @jerrybanfield has done quite a few posts about the cheapest way to move money about - not sure whether they apply to the UK though.

This is a great idea - peer to peer selling......

It's just dawned on me that a £10K invest in SP combined with a low income (I guess you're into low income as you're a 'homesteader'*) is actually enough to generate a sufficient survival income. Hence soz, but I'm in the market to buy too.

I'm just waiting for my house to sell so I can release some equity, and I might just do this.

*nice Americanism there, I'm guilty as charged on that front too.

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Hi Karl, yes all the fees have pushed me to look for alternatives.

Generally the US routes don't apply here in the UK, and often vice versa.