One of the big frustrations in buying cryptocurrency is the transaction costs. There are a lot of middlemen to deal with. Unfortunately, I haven't found a way to eliminate the commissions on the exchanges (but they are 50% on Binance if you use the Binance Coin) or to eliminate the markups, higher prices, or exchange costs on Coinbase. I'm not a fan of all those commissions which is why I use RobinHood when I buy and sell stocks. One thing you can do though is to cut out the commissions by participating in ICOs - this is also where the potential for big money is. ICOs or Initial Coin Offerings are the fund raising efforts of new crypto and blockchain companies. Not everyone does it - but for those who do - this is a way to offer a ground floor price with no trading commissions to investors. Most ICOs are done on the Ethereum network though more and more are using the smart contracts functions of coins like Stellar and Cardano (soon).
There are a lot of ICOs . To find a good one you need to have a bit of luck and know where to look. There are very smart people who are looking at every one of these and picking out the best of them - and many of those smart people will fail.
I like this one. Knowledge is turning online advertising on its head. It is offering a real solution to a real problem and it has a great team and a solid plan. Does that mean it will make people rich? Nobody knows. I'm buying a little bit - the minimum is $200 and for the next twelve hours there is also a pre-sale bonus of 65% - so if you buy before the deadline you get 330 for $200 ($1 per coin - steep price but great coin and not being issued in huge numbers) - So, the price is less than $1 each for now. Do your own due diligence, read up on it, and take your chance. This is not investment advice - you, like me, should make your own decisions. It's nice however, not to pay exchange fees.
Knowledge.io ICO Token Sale HERE
Captain Vapoor (that's me) publishes some compelling and sometimes downright weird shit. If you dig it - please
Follow me and Re-STEEM and comment so we can get to know each other!
In addition the following may be helpful to both of us:
Robinhood Crypto Trading Platform
If you want to buy or sell cryptocurrency you will need a couple of accounts:
Binance: https://www.binance.com/?ref=13319173 (I get a little bit from your transaction fees if you use this link - thanks)
Coinbase: https://www.coinbase.com/join/52d742c6c60a61f2a6000033 (Use this link and we both get $10 in BTC)
Bitify is the Ebay of Bitcoin: https://bitify.com/?referral=5a736365dfed6
And for trading stocks on your iPhone (and soon Crypto):
RobinHood: https://share.robinhood.com/christd2392 (use this link and we both get a free stock like Ford or Apple)
If you missed the first installment of my story - here is the link to it:
A Noobs Guide to Blockchain, Bitcoin, and Cryptocurrency - My Story Part 1
And the second installment
A Noobs Guide to Alt-Coins and Cryptocurrency Speculation - My Story Part 2
And here is the latest installment:
A Noob's Guide to Investing in the Stock Market - My Story Part 3
If you have a lot of steem, go ahead and send me some because, why not.
If you are crypto wealthy and you want to share with me because you like what I post the following will earn you great karmic rewards:
If you have Ethereum you can send it to:
0x5258bd0b2c56b4196a75b4c877b68e1a577c4a01
If you have Bitcoin you can send some to:
13B3842R5JB58AyEQBE1ZfVvV6Nvy2txxx
If you have Litecoin you can send it to:
LiH8N8WChFMBSvL9dtCuNc7Jmi3cUd7rvv
If you want to share some of your Cardano ADA you can send it to:
DdzFFzCqrhsnm4aJnxTBthDrCFkDvXH7dU6R4pTeS56jMEfAowYRPvCaVc54kDR18cj2wmtC6pz6rtfm8Jns5HkWofC3L5fBNPTnYDZN
If you want to send some DOGE (Dogcoin) you can send it to :
DKqPpZA5Y5dpxpHbArNdY22eVC7qAXkyv7