Just chose a bitcoin wallet for a withdrawal...

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  • Iwinyourmoney
    SBR Posting Legend
    • 04-18-07
    • 18368

    #36
    Originally posted by ronald
    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
    Comment
    • LT Profits
      SBR Aristocracy
      • 10-27-06
      • 90963

      #37
      Also, coinbase is a USA company and they get your personal info when you link your bank. Blockchain is more anonymous.
      Comment
      • cincy
        SBR Sharp
        • 09-30-07
        • 403

        #38
        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.
        Comment
        • dozod
          SBR Rookie
          • 05-11-15
          • 38

          #39
          Anyone ever try using localbitcoins.com to sell bitcoins for straight cash?
          Comment
          • Johnnythunder
            SBR MVP
            • 11-25-10
            • 2161

            #40
            Ok so is there any fee (aside from miners fees) to move from book to blockchain to circle and then to bank?
            Comment
            • El Nino
              SBR Posting Legend
              • 05-03-12
              • 18426

              #41
              Originally posted by Johnnythunder
              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.

              Comment
              • cincy
                SBR Sharp
                • 09-30-07
                • 403

                #42
                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.
                Comment
                • jjgold
                  SBR Aristocracy
                  • 07-20-05
                  • 388179

                  #43
                  no way around any fees
                  Comment
                  • 5918mike
                    SBR MVP
                    • 04-16-14
                    • 1887

                    #44
                    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.
                    Comment
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