Any particular reason for litecoin?This does look good. Just...

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mike3004

58 Posts.

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12/10/21

22:07

Post #: 56750919
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Originally posted by drbrugger: ↑

Honestly any price you can get now and dollar cost average is a bargain, This kind of investment is a Long term OutLook because of how Early we are in NFT's. My opinoin is You should be looking to Buy amounts when ever you can afford, dollar cost average in and just accumulate what ever you can while its still cheap and before the Blockchain Swap Happens which is soon. ( Ecomi / VeVe will be integrating into the ETH blockchain )

Some time in october from what i read, And the token Swap will be done Automatically if you leave your OMI in the exchange, this is what im doing because you will save money on GAS fees, Where as if you had the OMI tokens store in a wallet you would have to send them to the exchange, then token swap over ( pay gas fee ) and then Another gas Fee to send them back to either your cold storage ( since it will be supported on trezors ) or what ever wallet you plan on holding them in. My point is there will be another GAS fee ur gonna have to pay to send them out again.. So its just why i think it makes sense to leave in the exchange for now and let them do the swap, then you just gotta pay a single ETH GAS fee to get them into your cold storage or what ever wallet you have.

I have had no problems with AscendEx , verified my account, set up 2FA just to be secured as u will be leaving them in the exchange if u want the swap done automatically, and then basically thats it.

as for buying OMI, this is the process ive been doing

1. Buy LiteCoin on Coinbase ( or which ever exchange you use )
2. Send over to AscendEx
3. got to the top panel and click " Spot Trading "
4. in search bar on your left, type ltc , click the LTC/USDT pair
5. you will see a buy and sell panel at the bottom of screen, just Sell the LTC
6. type OMI and click OMI/USDT and then just buy the amount you want.

then when you check your " crypto assets " you will see your omi token, you can trade , withdraw , deposit here. and thats how you would send them out and into your wallet when the time comes

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Any particular reason for litecoin?
This does look good. Just deciding whether to set up gate.io or AscendEx.
Gate.io seems to have many other coins not elsewhere on exchanges.
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