Where do you guys purchase Ethereum?

Discussion in 'CryptoCurrency' started by Toz, Oct 2, 2017.

  1. Toz

    Toz Jr. VIP Jr. VIP

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    I just made a purchase of 1 Ethereum (or so I thought), through Coinbase, back when the price was $272, a little over a week ago. Now the price is over $300, and I just received an email from Coinbase, stating that they only just recently started working on my order, charging me the current rate. Which means, my order is no longer for 1 Ethereum, but for less than that, eventhough when I paid, I gave them enough money to equate to 1 Ethereum. It's BS. So where do you guys buy your Ethereum, and does the transaction happen immediately?

    I think at this point, I'm pretty much done with Coinbase. This really upset me.

    Not only was I taxed over a dollar, but because of the time difference from when I placed my order until now, I also lost over $30.
     
  2. davids355

    davids355 Moderator Staff Member Moderator Jr. VIP

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    That really sucks. I have noticed similar with coinbase in the past. Its quite hard making orders actually go through on their platform. So I stopped using them. But havent bought any eth since so i dont have an answer.
    Onlly other exhange I know does trade eth is https://poloniex.com/ But I think everything has to be bought using bitcoin.
     
  3. Chizz

    Chizz Junior Member

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  4. Toz

    Toz Jr. VIP Jr. VIP

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    The thing is, with the rapidly rising price of bitcoin, all the money I put into BTC, I just want to keep on BTC. I like to keep the two coins separate, tbh.
    Oh, and after further reading the email from Coinbase, they'd initially informed me that my coins would be ready by October 3rd. Now, they're saying that I've got to wait for 9 more additional days to receive my purchase from over a week ago. This is stupid AF. And I recently vouched for Coinbase, too. This is bad business. They will lose a customer.

    Imagine going into a bank and making a deposit, and them telling you that you'll have access to the funds in 2 weeks (and at the current rate of the day of the purchase). Since then, the currency has increased in value, but your purchase was from before the increase. However, they decide that since the currency increased in value, they'd apply the money you gave them (two weeks ago) to the current rates, thus making you receive less of your own money, and in addition, they tax you, which makes you get even less. Now, they say, "Hey, we lied to you. You're going to have to wait another full calendar week before we allow you access to your own money." Which means, 3 weeks after making the deposit at my bank, I finally have access to $30+ less than what I deposited. How many people would keep using that bank?
     
    Last edited: Oct 2, 2017
  5. Chizz

    Chizz Junior Member

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    You'd be surprised.. But I don't really understand your problem concerning your BTC/ETH? You already hold bitcoin, and you want to hold those and buy additional ETH?

    Then buy additional bitcoin, and use the additional bitcoin to exchange to ETH..
     
  6. Toz

    Toz Jr. VIP Jr. VIP

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    The rapid growth of value in BTC is the problem concerning the conversion of BTC to ETH. Granted, ETH is growing as well, BTC prices are doing some pretty amazing things, right now. I want to hold both, but I don't want to lose out on some money after performing the conversion. I believe this is why Coinbase allows you to purchase them separately and keep BTC, LTC, and ETH separate with no forced exchanging required to take place. I just hate their timeline and method for going about it.
     
  7. THUNDERELVI

    THUNDERELVI Elite Member

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    I use Coinmama when I want to buy ETH fast, but you do pay like 10-12% fees.
     
  8. Danieldim14

    Danieldim14 Newbie

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    Unfortunately there is not many options for us to buy ETH directly
     
  9. jgeeked

    jgeeked Regular Member

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    Speaking on ETH what are your predictions?
     
  10. anti_dote

    anti_dote Power Member

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    Currently I am using Cex.io, transactions are fast though but fees is bit high. Though I know there is always a risk using any exchange. One thing I don't like about Cex.io is they don't offer you the keys and without Keys you pretty much don't own the coins. Anyways I made couple of transaction with them so far it was fine lets see what happens in future.
     
  11. Chiefjop

    Chiefjop Jr. VIP Jr. VIP

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    ETH is too big to fail so I will see it follow btc up/down :)