Someone please give me the "Bitcoin For Dummies" version of using Bitcoin.....

[TommyDog]

In as simple terms as it can possibly get, can someone please explain the process of using Bitcoin as an offshore wagering option. I was just told by a certain P2P company that they no longer wish to have me as a client :-/ Honestly, I never wanted to go the Bitcoin route, but the options are now pretty limited. Been wagering offshore since 1997. Don't want to step away, but at this juncture its probably just not worth it. Not nearly as easy finding a local as it used to be (when there literally were walk-in bookie joints all throughout these parts).

Some make it seem as though Bitcoin is as simple as 1-2-3....Others talk about the need to set up a go-between wallet, etc. Not sure how to buy, sell, transfer to book......Uggghhhhh!!!!!!

Thanks in advance for any bit of advice!!!

[MoMoneyMoVaughn]

Go to coin base / circle / any Bitcoin market.

Sign up. Buy Bitcoin. Go to wagering site. Choose Bitcoin deposit option. They will give you an address to send money to.

Back to coinbase or whatever you decide to use. Send money to address provided. Funds usually there instantly.

[LT Profits]

Go to coin base / circle / any Bitcoin market.

Sign up. Buy Bitcoin. Go to wagering site. Choose Bitcoin deposit option. They will give you an address to send money to.

Back to coinbase or whatever you decide to use. Send money to address provided. Funds usually there instantly.

You forgot middleman. Simplest way is set up accounts at Coinbase and Blockchain. Link Coinbase to your bank account. Buy bitcoins at Coinbase, transfer to Blockchain and from there send to book. That's the simplest dummied down version.

[jjgold]

good stuff LT

[pavyracer]

Too much work to play offshore. Easier to fly to Vegas and place cash bets.

[MoMoneyMoVaughn]

You forgot middleman. Simplest way is set up accounts at Coinbase and Blockchain. Link Coinbase to your bank account. Buy bitcoins at Coinbase, transfer to Blockchain and from there send to book. That's the simplest dummied down version.

I didn't have to do that...

Might be cuz I am in Canada.

[Ghenghis Kahn]

here is the easiest way. setup coinbase account even if you don't use it. your limit is too low when you first set it up so longer you have your account the limit increases. so if you are debating whether to use bitcoin or not, you should open one up anyway.

but if you decide to use bitcoin, setup airbitz or another bitcoin wallet. then you can cashout from 5dimes or heritage to the wallet even without ever depositing using bitcoin. then you can use airbitz freely, depositing to other books or sending it to coinbase to withdraw for cash or even letting it sit there as an investment. it's that simple. bitcoin is awesome...

[KVB]

here is the easiest way. setup coinbase account even if you don't use it. your limit is too low when you first set it up so longer you have your account the limit increases. so if you are debating whether to use bitcoin or not, you should open one up anyway.

but if you decide to use bitcoin, setup airbitz or another bitcoin wallet. then you can cashout from 5dimes or heritage to the wallet even without ever depositing using bitcoin. then you can use airbitz freely, depositing to other books or sending it to coinbase to withdraw for cash or even letting it sit there as an investment. it's that simple. bitcoin is awesome...

Pretty good advice here but readers should be warned that poster Ghenghis Kahn is known to mislead posters and lacks credibility.

Anything he writes should definitely be double checked and verified. He can be very misleading to say the least.

There are multiple threads regarding BitCoin at SBR with many contributions from posters with much more credibility than Ghenghis Kahn.