Trying a new exchange today
Some of you are probably tired seeing me post of late about the Poloniex exchange, where I have funds stuck in limbo (due to them shutting down Steem and SBD without notice... mid transaction) and with virtually no support from their support team.
Anyway I started researching and now testing other exchanges... today I signed on to HITBTC.com
Trial Transfer
So I transferred a small 3 SBD to HITBTC, and it was so seamless and in under 5 minutes. There it was Shazaam, I then exchanged it to BTC... a bit longer at just over 10 minutes.
Now I am exchanging 80 SBD to BTC... the initial Steemit to HITBTC took again only around 5 minutes.
So then I decided to withdraw the BTC to another off exchange wallet, which again took roughly 5 minutes. I am converting it back to ETH and will then send it from the external wallet to the HITBTC account, where I will see the time lag there.
Actual Trading
Now I will be switching it to ETH as I would like to see how this exchange handles ICO purchase on the ETH Blockchain once I transfer it back... bit by bit daily... instead of big purchases in one transaction. Instead of working DCA (Dollar Cost AVeraging,with small purchases with fiat each day), I will be doing a CTA (Cover Thy Ass) type program, where exchanges will be made in smaller daily increments, purchasing the other coins or ICO depending on time, difficulty and ease...
Hey does anyone out there know how to purchase PAY or VERI from ETH on this (HITBTC) exchange?
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Image Credit: altcointoday