G-rant about buying Bitcoin, earning Steem, Coinbase fees, Gemini surprise, and Changelly
@changelly
We have just started accepting VISA and Mastercard for any listed alt coins on Changelly.com. As we are at the beginning of the process, rates USD->STEEM can be slightly high, to prevent the high demand and cover chargebacks and other fraud payments, while we are tuning the process. Further rates will go down. But anyway, I think it's a nice option to buy STEEM/SBD instantly with credit/debit card, isn't it? And you can always buy/sell STEEM for BTC on Changelly for the most profitable rates on the market.
@steved
Its the same "business model" like Mycelium where you can buy btc by credit card for insane prices...this works against mass adoption
@changelly
Hey, @steved, thanks for your opinion! But it's always your choice to wait a long for verification or payment processing, or just buy STEEM/BTC/etc instantly with your VISA/Mastercard on our service Changelly.com. Unfortunately, mass adaptation is inhibited by government regulators, not by exchanges. Our goal is to simplify buying process for you. Extra margin just covered our risks of chargebacks, fraud payments, etc...
@dana-edwards
The easier it becomes to buy Steem with VIsa/Mastercard etc the higher the price of Steem will go. The main problem right now for most people on Steem is there is no way to buy Steem Power unless the person is a crypto-anarchist Bitcoin lover. Being a crypto-anarchist should not be a pre-requisite for using Steem.
follow @craig-grant
Without me nothing does exist, and with me everything is.
Buy steem with credit/debit card @ Changelly.com
Buy $5 or more worth of Bitcoin @ Coinbase.com
Mine Bitcoin @ GenesisMining.com 3% discount coupon code = YVhXDJ
Nice
I for one think wanting mass adoption of XBT is insane...
This is really interesting. What are the returns on proxy mining? Is it profitable?
it's very profitable for me, and that's all i know
Could you give me percentages? ROI and that kind of thing?
no, because I don't track that, I simply keep upgrading my lifetime bitcoin mining contract when I earn profit trading. It adds up over time and now my daily payment is about $2.50 per day in btc. As the price of bitcoin rises it's even more profitable. There is no way to predict the price of bitcoin in the future, if you expect the price will go up then genesis mining is a great way to get paid bitcoin everyday.
Ok, thanks for your answer. One more question. How much are you spending per month to get that return?
again, I don't track based on time, if I earn $100 profit today trading cryptocurrency on an exchange I get excited and to celebrate I spend $30 of that profit to upgrade my mining contract, by next week I will for get about the $30, and be happy to get the daily payment from genesis. The benefit for me is getting btc daily payments as a result of money I forgot about spending. If I did not spend it on genesis mining I would have probably spent in a lobster tails, or something disposable, that's life, money comes and goes, but with genesis it comes daily, and that's exciting to me.
Changelly is on minergate
Craig, great thanks for your positive review!
I hope you will get a high profit with our affiliate program, that lets you to earn 50% shared revenue forever! From each registered user. Anyone can participate:
https://changelly.com/affiliate
If you have your own blog, you can place our instant exchange widget there
https://changelly.com/payment-widget
Just select Widget type - build in page iframe widget, Authorisation method - ask for user's email, other setting are optional. And place a generated code to your website. For now it allows instant crypto-crypto conversions only, but visa/mastercard payments will be added soon! Good luck!
Do you only except US residents?
We accept payments all over the world. But your bank should support 3d party verification, for instance, SMS with a code to confirm payment. Do you have any problems with credit/debit card payment?
Ok thats great thought I heard this was only for people in the us, can we buy bitcoin with GBP? I have visa card thats exceptable right?
The minimum allowed to spend is 15 USD.
I see thanks you, is it possible to buy steem power with you guys or do I need to buy bitcoin first?
You can just buy STEEM directly for USD, then make a power up from your steemit wallet. Just click on the available STEEM amount in your account and choose Power up option: https://monosnap.com/file/HFovHGA2RWleGm4ypGMAiCUfT8PVat
Thanks for your question. Bitcoin exchange rates on http://Changelly.com are calculated only for USD now. But you can buy Bitcoin with your GBP VISA card. Funds will be automatically converted to USD by your bank.
Whats the minimum I have to spend?
Is ID required to buy bitcoin?
It depends on your region. For small amount up to $200-$500 we usually don't not require user ID. But anyway the verification process is pretty simple to pass.