Cash app has no holding period. We can withdraw, send immediately upon new deposit, btc only.
As for the cost comparison reference $500 for Coinbase, Coinbase pro, cash app, I only get to the fee page.
Stable coins are still preferred
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No commissions, as they are the typical market making, dealing desk scumbag broker as the other two. This is what happens when you regulate the competition out of the industry.
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EDIT: they just confirm you can do a bank transfer, but i use stable coin to withdraw from coinexx so im not worry.
here is their answer as to why you donāt see this option in the back office:
" Bank wire option is not updated into the Coinexx website as of now, as it was just added few week ago.
You must have received an email with the bank wire details from your account manager."
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BTW i did not get the email about their bank transfer info, thanks to Cryptosurf for relaying this info to us.
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Really? thats odd. I still have an account that is idle however.
i have a active account but for some reason i didnāt get the email but hen again i could have deleted the email, who knows but if i need to do a wire they would give me the info so all is good.
EDIT: i prefer to use stable coin as of now
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Coinexx also emailed me about bank wire. I still find crypto easier.
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i agree also they offer stablecoin so no need for me to do bank wire
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The spreads that are currently available to US traders is becoming more frustrating and depressing by the day. I have seen spreads getting increased on some pairs, even though volatility has remained steady or has even declined. Looking at videos online of people that are able to use brokers like IC Markets or similar really showcases this disparity. It is easy for brokers to blame their liquidity providers, but how easy is it for them to procure more or better LPās? I just do not know. And maybe they are just laughing all the way to the bank. /rant
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you talking about coinexx?
EDIT: these higher spreads at coinexx might be the new norm, the lower spreads was to attract traders before they lower the boom 
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I have spent the last week or two scouring brokers that allow US traders, comparing spreads and trying to find something to scalp, and they are all mostly the same. There are a few pairs with somewhat reasonable spreads, but these brokers/LPās are mostly just killing it. You might be right about your theory, but I can say that the widening of spreads right now is pretty much across the board (at least for brokers that will accept us). Hopefully, this is not the new norm. It reminds me of gas prices here in the statesā¦they know how far the next gas station is and what they are charging etcā¦
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eaglefx, cryptorocket and lqdfx spreads are normal but they not scalping spreads like coinexx had/has
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I know, we canāt use IC Markets because the CFTC is āprotectingā us from such horrible brokers with such great trading conditions and insurance on our deposits. Good thing we have the CFTC looking out for us.
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if i own a major forex brand broker i would set up shop in the caribbean and give up my regulation so i can take in all traders from any country the hell with NFA red list
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In a perfect world, we would be able to trade directly on the exchange and avoid brokers altogetherā¦ along with the nonsense spreads that are applied to our trading. Similar to cryptocurrency, the exchange would provide liquidity via banks/investors and charge a minimal (REASONABLE) fee/commission per round-turn trade. Then just have improved commission tiers based on trading volume to reward and incentivize traders.
Butā¦that would go against the paradigm that helps the rich get richer and the poor stay poor.
I realize that things have come a long ways over the past several decades, but you would think that, by now, we would at least have the opportunity to sign a waiver or something to surrender our āprotectionā that the CFTC and other groups supposedly offer us.
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Itās not easy for these offshore brokers to just add LPs, particularly during uncertain & volatile periods like this. Increased risk is likely being priced into the spreads. My targets & stops are pretty big so I can get by with spreads as wide as 3-4, but a scalping system would be highly problematic.
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- IBC + non us citizen nominee on bank & broker accounts
- Reach >10M assets to be exempted from Dodd Frank.
- Expat with proof of local employment & residence in brokerās country.
- Renounce & leave US
Unfortunately, those are the only options.
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The regulation protecting us is really a huge insult to anyone with average intelligence. I mean look what you can do with your money, without any question from any regulator:
Take your ENTIRE life savings and walk into any casino and put it ALL on black, or on a hand of blackjack, roll of the dice, etcā¦
Spend your entire paycheck on lottery tickets. The income of folks who buy lottery tickets is way below average
Oh, but wait, I get it nowā¦The government has their grubby hands in these activities and profits from them.
The NFA or National FUTURES exchange wants to eliminate spot so we all trade FUTURES, where they have their hands in.
The average person in the USā¦Yup, I sure better trade with a regulated broker, so I can be protected. Yup, thatās what Iāll do. How naive these people are is truly amazing.
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yes sir itās all about protecting the FUTURES industry
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