So the Genius in me has figured out to transfer cash to Bitcoin to the Binance exchange. I am so smart. As hinted as I originally wanted to fund a Coinbase account for their Coinbase Pro, they wanted a photo ID. I ain’t comfortable with that (for now!)
Is Coinbase easiest for crypto currency funding with new exchange Coinbase Pro API
Private funding but pricey
So I figured out that there is a way to do this privately via an ATM using a local service listed in the link above. You need to get a secure virtual wallet like Coinami which is listed above. It seems pretty simple to use but the ATM has difficulthy reading the Coinami wallet QR Code. The store clerk helped out by offering cheaper funding services. Thanks but no thanks. The transaction cost 10% which is pretty high. I thought it was 6% but it was only $20 CDN. As a result, I may get over the Photo ID thing to go with hopeful lower transaction costs on Coinbase. Can anyone offer insight on these transaction costs?
Once you got Bitcoin in your wallet, you can login into Binance to fund the account. It seems you just follow these instructions.
https://support.binance.com/hc/en-us/articles/115000622212-How-to-Register-and-Deposit-on-Binance
I can send form the Coinami wallet to Binance which apparently takes 15 minutes to 1.5 hours. It depends on how the transaction percolates through the Blockchain. More to come.
More options:
Gemini Vs Coinbase
Bitcoin wiring can cost only 0.5% of the amount you transfer
https://www.quora.com/How-do-the-fees-on-Coinbase-compare-to-the-fees-on-Gemini
Gemini sounds like they are very slow to verify ID
ID verification on Gemini from Bitcoin
More options even better:
Low transaction fees with exchange that gets decent reviews: https://www.abitgreedy.com/247exchange/
https://www.abitgreedy.com/buy-bitcoin-with-prepaid-card/
How to Buy Bitcoin Anonymously & without ID
https://99bitcoins.com/buy-bitcoin-anonymously-without-id/amp/
Prepaid credit card options for Canada http://forums.redflagdeals.com/prepaid-credit-cards-continuously-updated-532830/
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