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RE: Vlog 165: Poloniex Steem wallet works again! + BTC unconfirmed transaction 223712 and climbing!
You shouldn't need to use BTC as a gateway. Especially now that Poloniex is back, you can use the STEEM/ETH pair and ETH/fiat pairs such as on Kraken and totally avoid BTC issues.
Admittedly Kraken and Poloniex aren't without their own issues...
You are right. I have become so used to using this Dutch company that accepts BTC and sends Euro's that I forgot about Kraken. Been Tier 3 there since forever but have not used it much lately. Thanks, I'm going to give the LTC Kraken route a try.
Problem with using LTC is that there is no LTC/Steem pair on any platform, so you have to go LTC->BTC->Steem and pay more fees. It depends on how much volume it is whether it's worth saving on the transfer. Steem/ETH has low liquidity but not as low as you might expect.
Also Kraken generally sucks recently, but there are other alternatives for ETH/fiat and LTC/fiat in Europe.
I tried both by sending 2x 10 SBD to Blocktrades and sent LTC and ETH to Kraken. ETH was much faster. Sold to euro's and have a SEPA withdrawal pending as a test. Cost 9 cents. Not sure when it will arrive but this is saving me a fortune. Fingers crossed.
Awesome. Another good option is Bittrex(Steem->BTC->BCH)->kraken(EUR). Not as fast as Ether but the cheapest option when moving smaller amounts. On larger amounts it's not worth the extra exchange commission.
I did the calculations. It's saving me around $50-$60 per * x SBD ---> Euro* transaction. Of course, it must arrive first.
I think problems are everywhere a bit. The other day I transfered some Eth from Coinbase to Poloniex. After 3 days ( 3 days in Ethereum network!) of sweat and prayer it finally got there. What a heat I took!
what about steem dollar price today :P
This is correct ETH has many pairs now including the Steem one on Polo. There's some major fiat gateways coming too that will offer direct alt pairs. Also, Coinbase has announced they will be adding more Cryptos and ERC-20 tokens.