Guide to buying altcoins on international exchanges

Flameboy ZA said:
Still very new so excuse my ignorance. What happens if you move from local exchange to hardware wallet and then to international exchange? is it illegal? Are the fees too much?
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This would still be "illegal" - fees might also be a bit much depending on what you moving.
 
Snyper564 said:
This would still be "illegal" - fees might also be a bit much depending on what you moving.
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Thanks for all the answers. Last question. I have few Crypto's on AltCoin Trader. I plan to hold most for the long run. I am also looking at a hardware wallet (BC VAULT)for this purpose. Should I continue with this plan and store what I want to hold on the hardware wallet and then buy on AltCoin Trader/Valor and send to my Wallet as needed?
 
Flameboy ZA said:
Thanks for all the answers. Last question. I have few Crypto's on AltCoin Trader. I plan to hold most for the long run. I am also looking at a hardware wallet (BC VAULT)for this purpose. Should I continue with this plan and store what I want to hold on the hardware wallet and then buy on AltCoin Trader/Valor and send to my Wallet as needed?
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if you amounts are significant keep it in a wallet im pretty comfortable leaving up to 100k on an exchange . Fees will kill smaller amounts
 
Snyper564 said:
if you amounts are significant keep it in a wallet im pretty comfortable leaving up to 100k on an exchange . Fees will kill smaller amounts
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Thank You. Of the 3 in SA which would you prefer. I have no real problem with AltCoin Trader except that their mobile app is not up to par
 
Flameboy ZA said:
Thank You. Of the 3 in SA which would you prefer. I have no real problem with AltCoin Trader except that their mobile app is not up to par
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IMO

Valr>Luno>altcoin

Only issue with luno is their limitation imposed at any moment.

TBH they all pretty much the same
 
Best way to send crypto to international exchanges ? Still XRP ?
 
Snyper564 said:
Still not "legal" but I guess so
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I heard Binance advertising on few local radio stations, has the regulations changed or are they just trying to get more customers (I know generally Binance is very good with compliance so found this interesting)
 
L-Dog said:
I heard Binance advertising on few local radio stations, has the regulations changed or are they just trying to get more customers (I know generally Binance is very good with compliance so found this interesting)
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you can legally swift money via eft but its expensive dont do it unless you sending 10k plus
 
Has anyone here had experience (good or bad) buying or trading altcoins on HotForex? I am encouraged by the support they give and it seems that funding an account is straightforward, but would like to hear what more experienced traders and investors have found.
 
Wary GOM said:
Has anyone here had experience (good or bad) buying or trading altcoins on HotForex? I am encouraged by the support they give and it seems that funding an account is straightforward, but would like to hear what more experienced traders and investors have found.
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You can't buy coins and hold them like normal exchanges: you just trade them. They are primarily a forex broker so don't do it!
 
L-Dog said:
I heard Binance advertising on few local radio stations, has the regulations changed or are they just trying to get more customers (I know generally Binance is very good with compliance so found this interesting)
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Is that why their head office keeps moving from country to country, when it comes to compliance they are last in the line

And now the popular stance is they don't have a head office anymore as they are worldwide


Compliance wise american exchanges would rate higher imo
 
leon.davibe said:
As far as i understand it if it is counted as part of the million you are allowed to move offshore it is fine
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You can't "count" it towards the million as there is currently no way to report this. But in theory if you could that would be fine.
 
Flameboy ZA said:
Thanks for all the answers. Last question. I have few Crypto's on AltCoin Trader. I plan to hold most for the long run. I am also looking at a hardware wallet (BC VAULT)for this purpose. Should I continue with this plan and store what I want to hold on the hardware wallet and then buy on AltCoin Trader/Valor and send to my Wallet as needed?
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When moving btc to your own wallet , keep in mind small utxo stacking is a bad idea

ie if you do sent smaller amounts to your own wallet

During times of low fees do consolidate the UTXOs

ie send the money back to your own wallet on a new receive address then it becomes one utxo again
Any smaller utxo makes the transaction size large and thus more costly

Not a problem in low fee times

High congestion not so much

Note this only applies to coins where the fees can fluctuate high

On coins with low fees you can happily have smaller utxo s
 
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