jaders
Exalted member
- Joined
- Feb 1, 2012
- Posts
- 4,503
Can anyone please advise me on two different issues. Trying to master this method of payment and I still don't understand a few key things.
One - What method do I use to buy BTC so I can then send it instantly? I'm using coinbase and when I buy using my attached bank account it can take five days to be available. And as we all know, the volatility of BTC right now is crazy (in the wrong direction.) If I use a debit card (which I have not done yet) I believe I am limited to how much I can buy, and it isn't enough to cover the price of what I'd like to purchase?
Secondly - how the heck do you know how much to send to cover the fees? I owed someone $99. So I put that amount in for sending. I use electrum and the slider bar said that the fee was going to be .55. I was under the impression that that fee would be pulled out of my balance when it was sent as well, but the person I sent the BTC to said I was $4 short. So I don't get it. How do I know how much to send? And do I have to include the fee in the amount paid, to start with?
Any help is GREATLY appreciated! I will be so glad to have this method figured out so I don't have to stress about it any longer. Last November is when I opened my Coinbase account and what was $500 is now $300 and not looking too good. I was also under the impression that once I moved my BTC to my personal wallet it no longer could lose value. I guess I was wrong there too. as what was $120 became $106. I could've paid a private tutor for what it's costing me so far...
One - What method do I use to buy BTC so I can then send it instantly? I'm using coinbase and when I buy using my attached bank account it can take five days to be available. And as we all know, the volatility of BTC right now is crazy (in the wrong direction.) If I use a debit card (which I have not done yet) I believe I am limited to how much I can buy, and it isn't enough to cover the price of what I'd like to purchase?
Secondly - how the heck do you know how much to send to cover the fees? I owed someone $99. So I put that amount in for sending. I use electrum and the slider bar said that the fee was going to be .55. I was under the impression that that fee would be pulled out of my balance when it was sent as well, but the person I sent the BTC to said I was $4 short. So I don't get it. How do I know how much to send? And do I have to include the fee in the amount paid, to start with?
Any help is GREATLY appreciated! I will be so glad to have this method figured out so I don't have to stress about it any longer. Last November is when I opened my Coinbase account and what was $500 is now $300 and not looking too good. I was also under the impression that once I moved my BTC to my personal wallet it no longer could lose value. I guess I was wrong there too. as what was $120 became $106. I could've paid a private tutor for what it's costing me so far...