bucky said:Adonis said:bucky said:SamuelBRoberts said:Is it too late in invest in bitcoin given the fact that its value has skyrocketed?
Also, apart from bitcoin, is there any other good crypto one could invest in as a newbie?
Yeah there's a bunch. Buy some ETH, maybe? Lots of people like ETH.
If I buy ETH on coinbase now, can I realistically expect to be able to convert some of it to Ripple and Monero in the near future? I'm a newb and still somewhat confused about how to actually purchase Ripple and Monero, the two cryptos that actually interest me the most.
Of course you can.
I just bought a little bit the other day and the whole thing from initial buy to downloading new coins to my wallet took <1hr.
May I ask which exchanges you used and where you're located? I'm getting my ass handed to me by exchanges being unusable from my location (e.g. coinbase) or just being completely down (e.g. Kraken). Also, out of curiosity did you convert ETH to XMR or XRP? That's what I really want to do but my understanding is that I'd have to purchase ETH on one exchange then use it on another to buy XMR and XRP which I just haven't been able to figure out.
I'm in Central America, by the way.
Since you are in Central America, but have a US credit card/bank account, you have a somewhat different situation. To solve this, you have two options, according to what I was able to find:
1. Use a VPN to sign up on Coinbase. I wrote about this here:
I tested this with my VPN just now, and I was able to create an account. To do this, you will need a US phone number, proof of US citizenship, etc. Be warned that there is an inherent risk with this method that your account will be locked.
2. Sign up with an exchange that supports Central American countries and the US. I found this one, which supports all Central American countries except Belize:
This site only supports BTC though, and I think the exchange fees are high as well. So you will be paying very high fees both to buy BTC as well as to transfer it to another exchange that trades XRP and XMR, such as Binance.
There is also this site, where you can directly buy ETH with credit card:
Fees are probably the highest in the industry though, at 6%. People have also reported long delays in receiving their coins, and the exchange is of course slammed right now with everyone trying to sign up.