Just added funds from via ACH to coinbase. Funds show in coinbase but not as a transaction on my bank statement. Can I transfer now to blockchain? And I went to blockchain and saw that you can buy/sell from there as well, does this mean we can eliminate coinbase out of the picture? Using funds for sportsbook.
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Did you purchase Bitcoin directly using ACH as payment or did you deposit money into your Coinbase account through ACH?
If you deposited money into your Coinbase account, as long as the funds show as clear in your CB account you should be good. I'm assuming it'll show up withdrawn from your bank either in the morning or by Monday.
If you purchased Bitcoin directly from ACH, you'll get an email when the Bitcoin is available to be withdrawn to Blockchain.
Blockchain now has the feature where you can buy/sell Bitcoin to a 3rd party they partnered with (depends on your state as some only allow sell or some allow neither). One of the drawbacks is the fee is around 2% where if you use Coinbase Pro (formerly GDAX) it's either .3% or free depending if you do a market or limit order.
Some will suggest not selling through Blockchain out of caution as all exchanges prohibit using funds for online gambling so selling through their partner exchange may void the utility of Blockchain if they are monitoring the source of the Bitcoin when buying/selling the Bitcoin through them.Comment -
I use Cash App. If you link a debit card it's instant. However, for the initial setup it'll take 24-48 hours before you can withdraw the bitcoin because they have to verify your identity and you have to upload a picture of your ID. Once you do the initial ID verification, you can instantly withdraw after purchasing. It's how I buy Bitcoin, then I use Coinbase to sell since they deposit into your bank much faster.Comment