BitCoin Questions

**ABEHONEST** · 09-04-15, 01:23 PM

Originally posted by raiders72001

A LibertyX location or localbitcoins.com is also an option for you.

Thank you.

**Buffalo Nickle** · 09-04-15, 01:27 PM

If you are willing, you can dink and dunk your way to being able to make some decent deposits if you aren't going to take bonus. But it's going to be $50-$150 at a time unless you want to buy a big chunk and hope it doesn't drop on your $30 while you wait to get use of it.

**raiders72001** · 09-04-15, 01:34 PM

For guys using LibertyX, call ahead of time to make sure they are familiar with Bitcoins and QPay. All locations are capable of selling bitcoins, but some employees may not be familiar with it since it may be new to the location.

**combination lock** · 09-04-15, 02:56 PM

Originally posted by Buffalo Nickle

I personally think BitCoin will probably go to zero. Just use it while you can. A lot about BitCoin is unsustainable.

Sounds like that would be really bad for books that may be holding quite a bit....

Some may even use it as an excuse for slowpay/going under.... Presents an opportunity for the next wsex....uh oh

**Ghenghis Kahn** · 09-04-15, 03:02 PM

now that silkroad is virtually dead, what do people from coinbase think bitcoins are bought and sold for besides gambling?

**Buffalo Nickle** · 09-04-15, 03:25 PM

Originally posted by Ghenghis Kahn

now that silkroad is virtually dead, what do people from coinbase think bitcoins are bought and sold for besides gambling?

They've got to stop some people to maintain legitimacy and keep the government from taking away their licenses. They need to at least put up a good front. So you don't want to be the one with the stupid sign.

**alfie1409** · 09-04-15, 04:28 PM

Very useful, thanks !

**Ghenghis Kahn** · 09-04-15, 04:43 PM

Originally posted by Buffalo Nickle

They've got to stop some people to maintain legitimacy and keep the government from taking away their licenses. They need to at least put up a good front. So you don't want to be the one with the stupid sign.

some or most? seems like people that use coinbase to fund gambling sites all get canned. or is that just a myth?

**Buffalo Nickle** · 09-04-15, 04:48 PM

Not all of them. Hardly any. The percentage has got to be extremely small. Without gambling, the thing would collapse.

**Ghenghis Kahn** · 09-04-15, 04:54 PM

hmmmm... interesting. so do you use coinbase to fund books?

**Buffalo Nickle** · 09-04-15, 05:03 PM

I have accounts set up both places. But Circle is free so Coinbase doesn't have a lot to offer plus they give you less immediate funds to start.

**raiders72001** · 09-04-15, 05:06 PM

Coinbase went on a spree where they nailed a lot of us but that has slowed down.

Upon review of your Coinbase account, we have determined that we can no longer provide you access to Coinbase Services. Please understand that Coinbase is a regulated Money Service Business under the FinCEN division of the U.S. Treasury Department and as such, we are required to review accounts in order to ensure compliance with regulations.
Gambling is illegal under US law even if you live outside of the US we cannot provide services to your account for the purpose of any type of gambling activity

**cincy** · 09-04-15, 09:07 PM

I have paid over $1000 in fees buy bitcoins with coinbase. It seems I will be better off with circle.com since circle does not charge any fee to buy bitcoins and they both charge a 1% fee to transfer bitcoins back to my bank account. Is that correct?

I just did a transfer from Coinbase to Blockchain and the Coinbase website asked something like is this a 3^rd party transfer. What is the best answer for this?

How do I change my coinbase bitcoin address? Is this necessary if I never transfer from coinbase to a sportsbook and always use Blockchain as an in-between?

Can I change my blockchain bitcoin address?

**raiders72001** · 09-04-15, 09:44 PM

If Coinbase or Circle ever question you, this has happened, it's best to say you purchase/sell computer equipment or something similar. Tell them transactions are two party.

They may ask you who buy/sell from but just say that is your personal business and you would rather not say.

**raiders72001** · 09-04-15, 09:45 PM

Originally posted by cincy

I have paid over $1000 in fees buy bitcoins with coinbase. It seems I will be better off with circle.com since circle does not charge any fee to buy bitcoins and they both charge a 1% fee to transfer bitcoins back to my bank account. Is that correct?

I just did a transfer from Coinbase to Blockchain and the Coinbase website asked something like is this a 3^rd party transfer. What is the best answer for this?

How do I change my coinbase bitcoin address? Is this necessary if I never transfer from coinbase to a sportsbook and always use Blockchain as an in-between?

Can I change my blockchain bitcoin address?

you can change your bitcoin address as many times as you would like.

**Nittany Lion** · 09-05-15, 12:00 AM

Originally posted by Buffalo Nickle

I have accounts set up both places. But Circle is free so Coinbase doesn't have a lot to offer plus they give you less immediate funds to start.

I just got into Bitcoin few weeks ago as well, I created an account on Coinbase/Circle to buy Bitcoin on and then created my wallet account on Blockchain. I buy Bitcoin on Coinbase/Circle then transfer to my Blockchain account, from my Blockchain account I transfer to my Sportsbook (5Dimes). Bitcoin is super easy to use, don't know why people are scared to use it, it's the gamblers best friend for online gambling.

I initially only created an account on Coinbase and was just going to use that until people in this forum said to use Blockchain since Coinbase could block you for gambling if you transfer money directly to your Sportsbook from Coinbase. I just started using Circle and they seem better then Coinbase for buying Bitcoin. They have no fees and you can buy up to $2,500 a week.