coinbase vs blockchain two step

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  • miaplus3
    SBR High Roller
    • 03-16-10
    • 227

    #1
    coinbase vs blockchain two step
    I was watching a Bovada tutorial.

    -they suggest starting a bitcoin wallet with blockchain.com

    -they suggest starting a coinbase account as an exchange

    -they suggest buy bitcoin via coinbase & then send to blockchain wallet, then send to book.

    My question is: why not just buy bitcoin via coinbase & instead of sending to blockchain to send to book, JUST send from coinbase to the book. Why do I need to do this middle step of sending to blockchain.com

    Thanks Miaplus3
  • dmm
    SBR MVP
    • 04-03-20
    • 1164

    #2
    It's against Coinbase Terms of Service to fund sportsbook accounts. They can shut down your account. By using a wallet in the middle, you aren't directly depositing into a sportsbook.

    Comment
    • miaplus3
      SBR High Roller
      • 03-16-10
      • 227

      #3
      I've done this a few times...(small amounts), so your saying I could probably get away with it if I used infrequently? But I'm at risk for them to find out & may shut me down? What if I had bitcoins in my wallet when they did this? Thanks
      Comment
      • pimike
        BARRELED IN @ SBR!
        • 03-23-08
        • 37139

        #4
        Originally posted by miaplus3
        I've done this a few times...(small amounts), so your saying I could probably get away with it if I used infrequently? But I'm at risk for them to find out & may shut me down? What if I had bitcoins in my wallet when they did this? Thanks
        Stop doing it

        Stop looking for excuses.
        Comment
        • miaplus3
          SBR High Roller
          • 03-16-10
          • 227

          #5
          Ok man, I'll heed your advice.
          Comment
          • miaplus3
            SBR High Roller
            • 03-16-10
            • 227

            #6
            Just to be clear, by sending from coinbase to another wallet then to book. protects me from what the poster above described?
            Comment
            • pimike
              BARRELED IN @ SBR!
              • 03-23-08
              • 37139

              #7
              Originally posted by miaplus3
              Just to be clear, by sending from coinbase to another wallet then to book. protects me from what the poster above described?
              Losing your funds.
              Comment
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