Which wallet?

[marine1]

Hi guys I currently use Luno but find that the daily limits are terrible and also when trying to buy more there always seems to be some issue on FNB paying it.
What wallet system do you advise thats safe and secure, reliable and lets you buy without limits etc?

Thanks

 

[backstreetboy]

Binance, bybit, cex.io etc. but FNB will block your account.

 

[saor]

Not really sure what the problem is? What limits?

Locally you're limited to either Luno or Valr if you want to fund directly from your bank.

 

[marine1]

Binance, bybit, cex.io etc. but FNB will block your account.

So then if they will block it, what do we do?

 

[bromster]

+1 Binance.

 

[marine1]

Not really sure what the problem is?

Locally you're limited to either Luno or Valr.

Prob is for 1, the limits per day and 2. Every time I try do a payment to Luno it comes back with an error, will have to try again and screenshot it

 

[Bigmaneting]

Binance, bybit, cex.io etc. but FNB will block your account.

What do you mean block your account ? I recently started crypto investing and deposit money in my luno account with my FNB account, will I start experiencing problems ?

 

[saor]

Prob is for 1, the limits per day

Not sure what limits you're talking about?

 

[Snyper564]

So then if they will block it, what do we do?

open another account, I have std bank and investec for this

std bank likely better option as all the local exchanges have accounts with them

 

[backstreetboy]

So then if they will block it, what do we do?

Move to a proper bank?

 

[backstreetboy]

What do you mean block your account ? I recently started crypto investing and deposit money in my luno account with my FNB account, will I start experiencing problems ?

People here on MyBB had their FNB account frozen because they played with crypto.

 

[saor]

People here on MyBB had their FNB account frozen because they played with crypto.

Bullshit.
People here knew people who had it happen to them. Can't recall seeing a single first-hand account.

 

[Bigmaneting]

Damn im actually getting worried now lol, can FNB just close my account out of the blue ? what about my money in the account etc

 

[backstreetboy]

Bullshit.
People here knew people who had it happen to them. Can't recall seeing a single first-hand account.

Usually where there's smoke there's a fire...

 

[marine1]

Ok I went to Binance, does this mean I now have Bitcoin or is it only my Rands that I paid?

 

[saor]

Ok I went to Binance, does this mean I now have Bitcoin or is it only my Rands that I paid?


View attachment 1050901

I wish you'd give more details in your communication. Like it's difficult trying to figure out what you're doing here.

"I went to Binance".
What do you mean?
Did you transfer BTC there?

 

[saor]

You have to buy bitcoin. Your ZAR doesn't automatically convert to Bitcoin.

 

[marine1]

I wish you'd give more details in your communication. Like it's difficult trying to figure out what you're doing here.

"I went to Binance".
What do you mean?
Did you transfer BTC there?

I dont know whats hard to understand?
I went to Binance set up an account, purchased some Bitcoin (I assume) and paid by credit card which was successful.
I am not trying to understand if it actually purchased the Bitcoin or did it go into my wallet and I still need to actually transfer the amount to purchase bitcoin like Luno does

 

[marine1]

You have to buy bitcoin. Your ZAR doesn't automatically convert to Bitcoin.

This is what I am trying to figure out now how to do because on the mail it says you bought bitcoin but I dont see how to check this on Binance. I cant see where to transfer it

 

[saor]

You're wasting money buying daily amounts like that, especially instant-buy with a CC. Rather fund your account with larger amounts and go buy on the exchange.