1. 02-12-16 09:15 PM #36
    Iwinyourmoney
    IWIN.........IN!
    Iwinyourmoney's Avatar Become A Pro!
    Join Date: 04-18-07
    Posts: 18,368
    Betpoints: 733

    Quote Originally Posted by ronald View Post
    What's the advantage to using blockchain if you're going to transfer to coinbase anyway? Why not just use coinbase for everything and forget about blockchain?
    Word is coinbase will give u the axe if u are doing gambling transactions.

    Blockchain is your middle man. He's makes your money/Bitcoin clean.

    Blockchain is your money launderer
    Reply With Quote Reply With Quote
  2. 02-16-16 10:47 PM #37
    LT Profits
    LT Profits's Avatar Become A Pro!
    Join Date: 10-27-06
    Posts: 90,963
    Betpoints: 5179

    Also, coinbase is a USA company and they get your personal info when you link your bank. Blockchain is more anonymous.
    Reply With Quote Reply With Quote
  3. 02-16-16 11:06 PM #38
    cincy
    cincy's Avatar Become A Pro!
    Join Date: 09-30-07
    Posts: 403
    Betpoints: 1224

    Yeah, always use blockchain.info as you middleman wallet since it is more anonymous. So I do all my sportsbook transactions from my blockchain.info wallet. If I want money I transfer bitcoins from blockchain to circle and have circle send my bank an *************** transfer. Circle has lower fees and better bitcoin sell prices than coinbase.
    Reply With Quote Reply With Quote
  4. 02-17-16 12:33 AM #39
    dozod
    dozod's Avatar Become A Pro!
    Join Date: 05-11-15
    Posts: 38
    Betpoints: 318

    Anyone ever try using localbitcoins.com to sell bitcoins for straight cash?
    Reply With Quote Reply With Quote
  5. 02-17-16 07:28 AM #40
    Johnnythunder
    Johnnythunder's Avatar Become A Pro!
    Join Date: 11-25-10
    Posts: 2,161
    Betpoints: 851

    Ok so is there any fee (aside from miners fees) to move from book to blockchain to circle and then to bank?
    Reply With Quote Reply With Quote
  6. 02-17-16 08:10 PM #41
    El Nino
    October 2014 POTM
    El Nino's Avatar Become A Pro!
    Join Date: 05-03-12
    Posts: 18,426
    Betpoints: 1868

    Quote Originally Posted by Johnnythunder View Post
    Ok so is there any fee (aside from miners fees) to move from book to blockchain to circle and then to bank?
    Coinbase is 1% when you sell BTC and the money goes to your bank account.

    https://support.coinbase.com/custome...-sell-bitcoin-
    Reply With Quote Reply With Quote
  7. 02-18-16 11:23 AM #42
    cincy
    cincy's Avatar Become A Pro!
    Join Date: 09-30-07
    Posts: 403
    Betpoints: 1224

    there are no fees from book to blockchain to circle to bank. there are no fees from book to blockchain to coinbase. but coinbase charges a 1% fee to transfer from coinbase to your bank. But coinbase also has a worse conversion rate than circle when selling bitcoins and converting the bitcoins to dollars so you pay another 1% approximately due to the worse conversion rate. I also wonder if local bitcoins or some other option gives a better bitcoin conversion rate than circle. I think I am paying no fees with circle but if there is a better method to convert my bitcoins to dollars then I am not getting the most dollars for my bitcoins.
    Reply With Quote Reply With Quote
  8. 02-18-16 12:03 PM #43
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    no way around any fees
    Reply With Quote Reply With Quote
  9. 02-18-16 12:03 PM #44
    5918mike
    5918mike's Avatar Become A Pro!
    Join Date: 04-16-14
    Posts: 1,824
    Betpoints: 3020

    Question for coinbase users. Is there a fee to transfer between the BTC wallet and USD wallet and I assume that once the money is in the USD wallet it doesn't fluctuate like BTC. So I can hold it there without risk of losing money like bitcoin.
    Reply With Quote Reply With Quote
First 12
Top
« Previous Thread | Players Talk | Next Thread »