[baseballstud]

I have requested my first ever Bitcoin withdrawal and admittedly an mom very new to this and not sure entirely how the whole process works. My experience has only been with coinbase for buying and I know their fees are high. I have a couple questions.
1. I assume my Bitcoin wallet on coinbase is fine to receive Bitcoin payouts. So I just provide that wallet address.
2. Once I receive Bitcoin payout in my coinbase account can I withdrawal US dollar or so I have to sell Bitcoin?
3. Any other advice or timing of how long it takes to process would be nice. I appreciate it.

I know there are ample resources out there as well but prefer getting people who are more similarly situated to me advice.

Thanks !

[mrpapageorgio]

I have requested my first ever Bitcoin withdrawal and admittedly an mom very new to this and not sure entirely how the whole process works. My experience has only been with coinbase for buying and I know their fees are high. I have a couple questions.
1. I assume my Bitcoin wallet on coinbase is fine to receive Bitcoin payouts. So I just provide that wallet address.
2. Once I receive Bitcoin payout in my coinbase account can I withdrawal US dollar or so I have to sell Bitcoin?
3. Any other advice or timing of how long it takes to process would be nice. I appreciate it.

I know there are ample resources out there as well but prefer getting people who are more similarly situated to me advice.

Thanks !

1. The consensus around here is that having an intermediary wallet like Blockchain to send and receive is the safest route because Coinbase can (and has) closed accounts of customers they believe are transacting bitcoin for gambling reasons which is against their policy since they are regulated in the U.S. There haven't been reports lately of Coinbase closing accounts, but consider yourself warned.

2. Once the Bitcoin is in Coinbase, you still have to perform the transaction in Coinbase to convert the bitcoin to USD, then withdraw the USD to your bank account.

3. If you already have a Coinbase account, I recommend using GDAX instead of Coinbase since you can pay no fees if you do limit orders or only .25% if you do a market order. GDAX is more geared towards investors, but you can still use it to buy and sell bitcoin.

Instructions on using GDAX is on this thread: https://www.sportsbookreview.com/for...layers-p2.html

I explained how to do a market order, but there are Youtube videos on how to do a limit order.

[baseballstud]

1. The consensus around here is that having an intermediary wallet like Blockchain to send and receive is the safest route because Coinbase can (and has) closed accounts of customers they believe are transacting bitcoin for gambling reasons which is against their policy since they are regulated in the U.S. There haven't been reports lately of Coinbase closing accounts, but consider yourself warned.

2. Once the Bitcoin is in Coinbase, you still have to perform the transaction in Coinbase to convert the bitcoin to USD, then withdraw the USD to your bank account.

3. If you already have a Coinbase account, I recommend using GDAX instead of Coinbase since you can pay no fees if you do limit orders or only .25% if you do a market order. GDAX is more geared towards investors, but you can still use it to buy and sell bitcoin.

Instructions on using GDAX is on this thread: https://www.sportsbookreview.com/for...layers-p2.html

I explained how to do a market order, but there are Youtube videos on how to do a limit order.

Thank you very much. With your advice I actually just cancelled my payout via Bitcoin. I don't want to risk it. It us mid for figures and haven't received or done any that big yet. Seems like ripe for closure. Really appreciate it