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RE: Using Bitcoin to save money on international bank transfers - part 1
Great article @cryptomancer, thanks upvoted.
I've been helping Mom get her CoinBase wallet verified this week and since we're on CoinBase too it just made sense. Seems they've implemented some stingy buy limits now.
She's limited to only $300 per week which is quite frustrating since explaining to her all about Bitcoin and how awesome it is for sending money overseas!
Well, that's the best we can do for now. Thought I'd comment in case anyone else was planning on moving money with CoinBase and isn't verified yet.
Oh and pop quiz!
1. I think it's Bid price right? We'd sell our Bitcoin at bid price.
2. It's B, we will buy at the lowest ask price anyone will sell.. right?
Thanks for helping me learn some trader lingo! :)
You're welcome, I'm pleased the article is useful to you. Coinbase limits start out low when you first join, but over time as you use the service the limits gradually increase. It won't take long for them to go up if you transact frequently, so don't be discouraged!
Regarding the quiz, I'm sorry but you answered one of the questions incorrectly so you don't get the prize. Nice try though!
Thanks and darn! Lol I'll keep studying that trader talk!