Last week I purchased some bitcoin with some of my fun money.
When you first sign up for most of the exchanges it takes fovever - over a week!!
Today my coin finally verified on one account and I had control of some of it.
Here are the stats:
Coinbase- I signed up for my account October 24th, 2013 -- I started verifying my bank account December 23rd, 2013 -- My bank account got verified December 27th, 2013 -- I am still trying to verify my credit card but I started that process on Dec. 27th. December -- I purchased some coin on Dec. 27th as well and my account "showed the charge" on Dec 30th and the coin will be mine January 3rd.
That is a full week from when I placed the order to when I will get the coin.
A lot can happen in that seven days!
Virwox- I signed up for virwox on December 28th, 2013 -- I used paypal to deposit US dollars the same hour. Virwox makes you buy SLL (second life lindens) with cash then you must convert the lindens to bitcoin. I agree it's awkward and strange but it works! There is a 2% initial fee for doing it this way. So two bucks out of every 100 you deposit by paypal disappears from the first second.
I then transferred my BTC to my personal wallet on my computer (move the BTC of the computer asap for security) Today (Dec 30th) my coin finally appeared in my wallet.
SUCCESS!!!!! Finally something working in the right direction.
Up to this point I haven't been able to actually trade anything.
That is a lot of work for zero progress.
A little over an hour ago I transferred some BTC from a wallet to Cryptsy.com to trade some altcoins.
The coins have appeared on my account but have not yet been confirmed.
It is important to understand that until you are verified it takes a considerable amount of time to trade and move coin around (yes even if it is all digital currency - regardless of what these sites advertise).
If you decide to use or sign-up for any of these sites I linked them and included my referral number for each one. I have not actually earned one single referral reward but I will post how it goes if anyone does click my code.
Have fun and good luck!
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