1. #1
    Capybara
    Punta Cana, bitches!
    Capybara's Avatar SBR PRO
    Join Date: 08-17-08
    Posts: 11,803
    Betpoints: 6238

    Another idiot Beat the Prick winner checking in

    So... I watched the video SBR sent me last week... set up my Coinbase whatever it is and set up a Blockchain wallet.

    Received my winnings today into the Blockchain wallet.

    Now what?

    I went to Coinbase and I verified my payment method (is that what I verified?) w/ my micro deposits so it now knows my checking account.

    But... what the fukk is Coinbase and how do I do anything with it? Do I need to tell it my wallet address, and then I can "sell" the Bitcoin so that the $$ go into my checking account? I see nowhere where it explains how to do anything and nothing seems intuitive to me. I don't see clearly where/how I link my wallet to this.

    Do I need to watch more videos somewhere? I guess I wouldn't mind if they would help.

    I hate feeling stupid, but I've never been a finance/economics guy and this already makes me feel incredibly stupid.

    Thanks for your help!

  2. #2
    tb1984
    tb1984's Avatar Become A Pro!
    Join Date: 09-11-08
    Posts: 3,112
    Betpoints: 1083

    So now, you send Bitcoins from your Blockchain wallet to your Coinbase wallet.

    Coinbase is an exchange. After you transfer Bitcoins to Coinbase, you can sell those Bitcoins for $. After that, transfer money to your bank.

  3. #3
    Capybara
    Punta Cana, bitches!
    Capybara's Avatar SBR PRO
    Join Date: 08-17-08
    Posts: 11,803
    Betpoints: 6238

    Quote Originally Posted by tb1984 View Post
    So now, you send Bitcoins from your Blockchain wallet to your Coinbase wallet.

    Coinbase is an exchange. After you transfer Bitcoins to Coinbase, you can sell those Bitcoins for $. After that, transfer money to your bank.
    Thank you. Is it clearly outlined on the sites how to do this? I didn't see it at first glance, but I assume it is. So I *start* at my Blockchain wallet to send them, or I start at Coinbase and can tell it to get them from Blockchain?

    Appreciate it, TB.

  4. #4
    BeerDog99
    BeerDog99's Avatar Become A Pro!
    Join Date: 09-22-10
    Posts: 4,890
    Betpoints: 177

    I have been able to get the Bitcoin into my Coinbase wallet but cannot seem to sell my bitcoin into $$ in my verified CC. Any ideas?

  5. #5
    UBNVS
    UBNVS's Avatar Become A Pro!
    Join Date: 01-21-14
    Posts: 285
    Betpoints: 5878

    You should have a USD wallet in you Coinbase account. Send it there then hit the withdraw button.

  6. #6
    BeerDog99
    BeerDog99's Avatar Become A Pro!
    Join Date: 09-22-10
    Posts: 4,890
    Betpoints: 177

    From what I can see, Canadians are screwed. There is no way (that I have seen yet) to get the BTC into any $$ (USD or CAD)....

    This is BS.

  7. #7
    Memento
    Short Term Memory Loss Required
    Memento's Avatar Become A Pro!
    Join Date: 01-28-15
    Posts: 1,191
    Betpoints: 474

    Quote Originally Posted by Capybara View Post
    Thank you. Is it clearly outlined on the sites how to do this? I didn't see it at first glance, but I assume it is. So I *start* at my Blockchain wallet to send them, or I start at Coinbase and can tell it to get them from Blockchain?

    Appreciate it, TB.
    Get a wallet address from Coinbase and go to blockchain and send btc to that address. Copy address in coinbase and paste it in blockchain makes it easier.

  8. #8
    Domestic
    Domestic's Avatar Become A Pro!
    Join Date: 02-10-09
    Posts: 6,323
    Betpoints: 1756

    Quote Originally Posted by BeerDog99 View Post
    From what I can see, Canadians are screwed. There is no way (that I have seen yet) to get the BTC into any $$ (USD or CAD)....

    This is BS.
    https://www.quadrigacx.com
    https://www.kraken.com/
    https://localbitcoins.com/

  9. #9
    shari91
    shari91's Avatar Become A Pro!
    Join Date: 02-23-10
    Posts: 32,661
    Betpoints: 1689

    Capy you're a legend for asking this!!! I'm lost too!!! xo

  10. #10
    BeerDog99
    BeerDog99's Avatar Become A Pro!
    Join Date: 09-22-10
    Posts: 4,890
    Betpoints: 177

    Thanks. So I send my bitcoin from Coinbase to one of these sites and then sell the bitcoin for real $$?

  11. #11
    MCherry281
    MCherry281's Avatar Become A Pro!
    Join Date: 05-09-09
    Posts: 2,318

    ...
    Last edited by MCherry281; 01-04-17 at 02:13 PM. Reason: nevermind, I think I figured it out

  12. #12
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,791
    Betpoints: 9181

    Quote Originally Posted by BeerDog99 View Post

    Thanks. So I send my bitcoin from Coinbase to one of these sites and then sell the bitcoin for real $$?
    Are the funds in your wallet in CA$ or US$ Beer?

    If in CA$ then follow these instructions to cash out

    https://support.coinbase.com/custome...ods?b_id=13521


    If it is US$ you should be able to have it sent to your debit card account... I think?

  13. #13
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,791
    Betpoints: 9181

    You can always deposit it into a sportsbook or poker site and do the 1x rollover and cashout another way too Beer.

  14. #14
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,791
    Betpoints: 9181

    Quote Originally Posted by shari91 View Post
    Capy you're a legend for asking this!!! I'm lost too!!! xo
    You should open an account with independentreserve.com

    Send bitcoin there.

    Trade it for AU$ and free cashout to your local bank overnight.


    (they take a day to approve account and wanted a selfie with DL from me as ID)
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: shari91

  15. #15
    tb1984
    tb1984's Avatar Become A Pro!
    Join Date: 09-11-08
    Posts: 3,112
    Betpoints: 1083

    Quote Originally Posted by Capybara View Post
    Thank you. Is it clearly outlined on the sites how to do this? I didn't see it at first glance, but I assume it is. So I *start* at my Blockchain wallet to send them, or I start at Coinbase and can tell it to get them from Blockchain?

    Appreciate it, TB.



    There should be plenty of Coinbase videos on youtube, so you need to watch those.

  16. #16
    tb1984
    tb1984's Avatar Become A Pro!
    Join Date: 09-11-08
    Posts: 3,112
    Betpoints: 1083

    Quote Originally Posted by BeerDog99 View Post
    Thanks. So I send my bitcoin from Coinbase to one of these sites and then sell the bitcoin for real $$?
    I've traded on localbitcoins. They have plenty of methods(Paypal, cash deposit, Mo-ney Gra-m, ...) to get money for your coins. But, only trade with good rating buyers with at least 500 trades.

  17. #17
    BeerDog99
    BeerDog99's Avatar Become A Pro!
    Join Date: 09-22-10
    Posts: 4,890
    Betpoints: 177

    Quote Originally Posted by Optional View Post
    Are the funds in your wallet in CA$ or US$ Beer?

    If in CA$ then follow these instructions to cash out

    https://support.coinbase.com/custome...ods?b_id=13521


    If it is US$ you should be able to have it sent to your debit card account... I think?
    Thanks Opti, I saw this but I did not research the ETH option, was not sure if it was going to be circular. I will look at this and also localbitcoin option that TB recommended.

Top