Saving your bitcoin from crash in price

[TG1]

Hey guys so this tip comes from @MPG after him and I were discussing the drop in btc the past few days. Mycelium wallet on android (dont have ios so cant check it, but doubt it since Apple is a bunch of bitches) has a section for adding a coinapult wallet to lock in your bitcoin to the current USD price on their exchange. Now their rates are typically $200 more then the normal bitcoin price which means it will cost about 5% more. So when you send to someone from there you need to make sure you are using bitstamp or another exchange as the price amount not coinapults exchange.



So if the price keeps dropping and you have $100 in your coinapult account you will still have $100 regardless of the price. But this also means if the price goes up, you dont earn any more either.

 

[Islandswole]

Good to know, I hate how it fluctuates in such a short time so I’ll definitely be locking away.

 

[Bigmurph6]

Apple is a bunch of bitches)

Lol you put a smile on my face lol

 

[Bigmurph6]

Im sure that its good but watch out for that warning in red. Mycelium won’t be responsible for 3rd party problems. That to me really says if coinapult runs your f**ked

 

[TG1]

They arent some new startup or wannabe ICO. They opened in 2014 and was developed from a Bitcoin core developer. In 2015 they integrated with banking partners. Mycelium will put a warning cause it is a third party. Just like using coinbase or binance or any other exchange that holds the keys.

Also to add that its anonymous but you have to use an email if you do need support for whatever reason. So definitely use a throw away.