Originally posted on 08/17/2015:

Quote Originally Posted by Microphone View Post
Is there a "tutorial thread" about how to use bitcoins? For every two people that seem to have a grip on them, there are dopes like me that don't have a clue.
1. Buy bitcoins through Coinbase.com or Circle.com. Link to bank account.

2. Set up a blockchain.info wallet.

3. Transfer bitcoins from Coinbase or Circle to blockchain.info wallet.

4. Make all deposits and withdrawals between your blockchain.info wallet and sportsbook.

5. To cash out transfer bitcoins from your blockchain.info wallet to Coinbase or Circle.

Misc.

A. Circle and Coinbase start off with fairly low limits that increase with time.

B. Localbitcoins.com is a great place to buy/sell. I've done Paypal transactions as well as depositing into someone's BkofAma account and having them put money in my bank account.

C. With localbitcoins, make sure that you are dealing with someone with a 100% reputation and many transactions. There have been a couple of chargebacks with Paypal/

D. LibertyX has locations where you can buy bitcoins in person. Free up to the first $1000 and 1% after that.

E. It seems very complicated at first but after a couple of transactions, it's very easy.


I'll post other ways of obtaining bitcoins later, more in detail that avoid red tape. There are also many wallets besides blockchain.info