Bitcoin help

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  • MatSam
    SBR Hustler
    • 08-26-10
    • 75

    #1
    Bitcoin help
    Hey everyone, live in the US. What bitcoin is best to use at 5Dimes? Never used it.

    Thanks.
  • 5918mike
    SBR MVP
    • 04-16-14
    • 1885

    #2
    Buy at Coinbase - transfer to Blockchain - transfer to 5D.

    Withdraw from 5D to Blockchain - transfer to Coinbase and sell.

    Or

    Withdraw from 5D to Blockchain - transfer to Bitpay card - spend money using the card or withdraw from ATM.
    Comment
    • MatSam
      SBR Hustler
      • 08-26-10
      • 75

      #3
      Can I withdraw from Blockchain to my debit or be account direct?
      Comment
      • Optional
        Administrator
        • 06-10-10
        • 61356

        #4
        Originally posted by MatSam
        Can I withdraw from Blockchain to my debit or be account direct?
        No. blockchain.info/wallet is just a free wallet to hold your bitcoin.

        You just use it between Coinbase and any books as Coinbase do not approve of users gambling with bitcoin purchased there.
        .
        Comment
        • MatSam
          SBR Hustler
          • 08-26-10
          • 75

          #5
          That good to know about coinbase. So what should I do if I want to withdraw to debit or bank?
          Comment
          • Optional
            Administrator
            • 06-10-10
            • 61356

            #6
            Originally posted by MatSam
            That good to know about coinbase. So what should I do if I want to withdraw to debit or bank?
            Withdraw from your book to the bockchain wallet. Then send it to your Coinbase wallet. Then sell it to them and they transfer the US$ to your bank account in 1 bus day.
            .
            Comment
            • MatSam
              SBR Hustler
              • 08-26-10
              • 75

              #7
              So, with coinbase as long as I don't deposit to make bets they are fine to use?
              Comment
              • Optional
                Administrator
                • 06-10-10
                • 61356

                #8
                Originally posted by MatSam
                So, with coinbase as long as I don't deposit to make bets they are fine to use?
                Quite a few people have been asked questions or banned from using them due to being suspected of breaking their term about gambling use.

                But most fly under the radar.

                The best you can do it try to give them a good reason to not have to question you by not sending directly to or from any sportsbook.

                If you do get shut down they still give you your money.

                And you move on to another company like Gemini.com
                .
                Comment
                • MatSam
                  SBR Hustler
                  • 08-26-10
                  • 75

                  #9
                  I should Gemini good to use instead?
                  Comment
                  • Optional
                    Administrator
                    • 06-10-10
                    • 61356

                    #10
                    Originally posted by MatSam
                    I should Gemini good to use instead?
                    Either is fine.

                    About the same. Bith take 3 bus days to creit inward cash deposits and 1 day to send withdrawals to bank accounts. Coinbase offers a low limit instant buy with card feature that Gemini does not which can be handy. Gemini is a little cheaper on fees.
                    .
                    Comment
                    • MatSam
                      SBR Hustler
                      • 08-26-10
                      • 75

                      #11
                      Ok. Thanks for the help.
                      Comment
                      • 5918mike
                        SBR MVP
                        • 04-16-14
                        • 1885

                        #12
                        I would encourage you to look into the bitpay card and read the thread about it here. It allows you access to the cash without going through coinbase and your bank account again. I had a tough time getting my card at the start but it is great once set up.
                        Comment
                        • Optional
                          Administrator
                          • 06-10-10
                          • 61356

                          #13
                          BitPay card definitely a good option but it's only for withdrawing with MatSam. You'll still need Coinbase/Gemini to buy coin when you need it.
                          .
                          Comment
                          • MatSam
                            SBR Hustler
                            • 08-26-10
                            • 75

                            #14
                            So with Bitpay I don't need a coinbase? Correct?
                            Comment
                            • MatSam
                              SBR Hustler
                              • 08-26-10
                              • 75

                              #15
                              Got it. Thanks.
                              Comment
                              • MatSam
                                SBR Hustler
                                • 08-26-10
                                • 75

                                #16
                                Ok.... now getting real frustrated! 3rd rejected withdraw from 5Dimes. I don't think it's 5Dimes, they are awesome. Coinbase is the issue. I think? What is another bitcoin I can use that is more user friendly? Thanks
                                Comment
                                • Optional
                                  Administrator
                                  • 06-10-10
                                  • 61356

                                  #17
                                  Originally posted by MatSam
                                  Ok.... now getting real frustrated! 3rd rejected withdraw from 5Dimes. I don't think it's 5Dimes, they are awesome. Coinbase is the issue. I think? What is another bitcoin I can use that is more user friendly? Thanks
                                  You didn't really try to withdraw directly from 5D to Coinbase did you?




                                  Originally posted by 5918mike
                                  Buy at Coinbase - transfer to Blockchain - transfer to 5D.

                                  Withdraw from 5D to Blockchain - transfer to Coinbase and sell.
                                  Originally posted by Optional

                                  No. blockchain.info/wallet is just a free wallet to hold your bitcoin.

                                  You just use it between Coinbase and any books as Coinbase do not approve of users gambling with bitcoin purchased there.

                                  ^^^ this was meant to explain not to do that.
                                  .
                                  Comment
                                  • MatSam
                                    SBR Hustler
                                    • 08-26-10
                                    • 75

                                    #18
                                    Why does 5Dimes say they allow transfers to Coinbase?
                                    Comment
                                    • Optional
                                      Administrator
                                      • 06-10-10
                                      • 61356

                                      #19
                                      Why ask me? You obviously don't believe what you were told here. Maybe ask them.
                                      .
                                      Comment
                                      • MatSam
                                        SBR Hustler
                                        • 08-26-10
                                        • 75

                                        #20
                                        Ok. It was 5Dimes fault. Going to follow every step you mentioned. Thanks. Didn't mean to disrespect you.
                                        Comment
                                        • 5918mike
                                          SBR MVP
                                          • 04-16-14
                                          • 1885

                                          #21
                                          LOL, whatever you do stay away from directly transferring between coinbase and any sportsbook. Eventually coinbase will flag it and close your account.
                                          Comment
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