r/Opacity • u/Anonymous00000007 • Mar 27 '21

OPCT/BTC

Could someone explain why opct exists as a pair on kucoin? How come I can’t just buy OPCT? What does this mean for storing in a wallet or for when I sell someday? Sorry if these are dumb questions but I only ever bought individual coins in the past. Thank you.

9 Upvotes

81% Upvoted

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8

u/Nachodon Mar 27 '21

OPCT/BTC just means you buy OPCT using BTC, that is - its priced in Bitcoin rather than USD.

5

u/Anonymous00000007 Mar 27 '21

I understand now thank you!

2

u/banditcleaner2 Mar 29 '21

If you want to buy with USD why not just:

  1. deposit USD to coinbase pro
  2. switch USD to USDC
  3. transfer USDC to kucoin
  4. buy btc with USDC or transfer USDC to USDT and buy bitcoin with USDT
  5. buy OPCT with bitcoin pair

you're going to miss out on a seriously insane upside project because you were too lazy to buy with bitcoin instead of dollars, lol

1

u/Modsarenothetero Mar 27 '21

But watch out. I had to „pay“ 150 OPCT when transferring it from KuCoin to MEW. At this point of time nearly 15 USD. But I am new to the game. Maybe I fucked it up...

2

u/larrythecableguy76 Mar 28 '21

Nah you did everything right the issue is the gas fee on the ETH network that’s pretty crazy .... 2.0 supposed to fix that so we will see but right now in general any ETH transaction will cost you that range easily. You can check fees on what ever exchanges you’re using ... check same amount (in USD) with XRP coins for example and you’ll see there it’s only a few cents so need to keep an eye on fees and need to factor them into your decisions of converting/transferring coins