Besides Coinbase, what is else out there for Usa customers to transfer bitcoin to a bank account...
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If Gemini is available in your state (all but a couple of states are allowed), they are a great option!Comment -
ItBit is another, but they will 1099 you no matter what (even if so, I would only use them for selling since buying requires a wire instead of ACH).
Edit to add: The Blockchain wallet also has a service set up where you sell your bitcoin to this company called SFOX and they will ACH the proceeds into your bank account. It looks like it works like Bitpay, but instead of crediting a debit card, the funds go into your account. You have to login to your Blockchain account from a computer and it gives you the option to sell the bitcoin at a set price (from my math it was 2% below market value). It looks like it works like Bitpay in that it's not built into the wallet, but once you initiate the transaction, it sends the Bitcoin to the company's wallet and then the company direct deposits the money in your bank.
The way it appears to be set up makes me less concerned about getting blocked from using Blockchain as an intermediary for gambling funds since, from how it looks to be setup, it's still your personal wallet. However, Blockchain set up their software to make it convenient to sell your Bitcoin to a third party which still requires you sending the Bitcoin to that 3rd party, but Blockchain just streamlines it.
A Coinbase wallet isn't really your own wallet you own the keys to. It's basically an IOU from Coinbase that you'll get a certain amount of Bitcoin if you transfer it or sell it so they're directly involved if you send Bitcoin to a book which is why they're more dangerous to send/receive bitcoin for gambling.Last edited by mrpapageorgio; 04-22-18, 06:59 PM.Comment -
go download abra app,i have used it before.if you do a payout on monday,send to wallet in abra app and it will be in bank by wed morning.Comment -
abra isn't very useful because they have low initial limits.
circle invest app just came out. does anybody remember circle? it was instant and only had a 1% fee priced into the exchange rate without any other fees. its back under the name circle invest. it was so much better than coinbase because of instant deposits.
you can get verified on circle invest and start out with $10k deposit and withdraw limits on a 7 day rollover period. that is awesome and you can get higher limits once you've been with them for a while and built a tx history.Comment
