Help with coinbase

[QuangX]

Can you convert the bitcoin into USD. so that the value of your money does not fluctuate before you send it to your bank account.

[El Nino]

When you sell your BTC, the market price of BTC is what you get. So, if it is a volatile day, you could lose or gain some $$$ while waiting for your withdrawal from the book (most take an hour or so to process BTC withdrawals). As always, never go from a book to coinbase or vice versa. Use an intermediary.

[Hu$tle]

Usually the value of your bitcoin will only fluctuate a few dollars but i would recommend only holding cash to be safe...


So in short YES...btc to usd coinbase takes around 3-5 business days

[goduke]

When you sell your BTC, the market price of BTC is what you get. So, if it is a volatile day, you could lose or gain some $$$ while waiting for your withdrawal from the book (most take an hour or so to process BTC withdrawals). As always, never go from a book to coinbase or vice versa. Use an intermediary.

I'm not a bitcoin expert...why use an intermediary?

[BiTeMe UsAdOj]

I'm not a bitcoin expert...why use an intermediary?

Because Circle/Coinbase have been known to throw down the ban hammer when they suspect the acct is being used for gambling. They can view addresses if they choose to and having an intermediary wallet can help stymie their investigating if they suspect gambling. Or, you can just go the exchange route...

[jcurro]

What intermediary you recommend?

[Brock Landers]

Blockchain

[jcurro]

Blockchain

Thanks!

Any idea how to transfer from bitcoin to skrill?