Bitcoin wallet question?

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  • JIBBBY
    SBR Aristocracy
    • 12-10-09
    • 83691

    #1
    Bitcoin wallet question?
    I'm wondering do you really need a bitcoin wallet like blockchain to fund books like Bovada or 5dimes? Once you make a deposit into Coinbase you essentially can send the money transfer anywhere you want from what I can tell..

    So why is a Blockchain wallet even needed? You pay fees twice when you transfer from coinbase to blockchain wallet then to sportsbook..

    My question is can you just transfer from Coinbase to sportsbook directly and avoid the wallet and those second fees?
  • brainfreeze
    SBR Hall of Famer
    • 05-13-14
    • 5689

    #2
    Coinbase doesn't promote gambling ( it's an exchange, a very easy/good one ) You will have to put your btc in a wallet and go from there, if that's what your objective is. If you don't, they could probably freeze your account.

    doubt they would do it for a $20 player but if you are putting a grand on a game, that's probably a secure way to do it.. just have to deal with fees
    Comment
    • jjgold
      SBR Aristocracy
      • 07-20-05
      • 388189

      #3
      just use block chain Jibby as 3rd party

      Be smart and call me..need a chick
      Comment
      • JIBBBY
        SBR Aristocracy
        • 12-10-09
        • 83691

        #4
        Originally posted by brainfreeze
        Coinbase doesn't promote gambling ( it's an exchange, a very easy/good one ) You will have to put your btc in a wallet and go from there, if that's what your objective is. If you don't, they could probably freeze your account.
        Ok so it's more of a legal thing.. That makes sense..
        Comment
        • Sam Odom
          SBR Aristocracy
          • 10-30-05
          • 58063

          #5
          JIB

          use a buffer wallet even two if you do a lot of transactions

          CB will lock your acct for gambling
          Comment
          • DroopyDog
            SBR MVP
            • 11-03-16
            • 1255

            #6
            I know for a fact that coinbase has a risk management team and tracks transactions/patterns and is able to identify certain gambling sites by their wallet addresses

            It is not enough to send it to just one "middle" wallet if you truly want to be undetected.

            Many people have lost their coinbase account for sending directly to sites like nitrogen. I am one of those people.
            Comment
            • Mac4Lyfe
              SBR Aristocracy
              • 01-04-09
              • 48359

              #7
              Wash your coins before you cash them... You never want paper trails
              Comment
              • JIBBBY
                SBR Aristocracy
                • 12-10-09
                • 83691

                #8
                Originally posted by jjgold
                just use block chain Jibby as 3rd party

                Be smart and call me..need a chick
                Everyone on this forum needs a chick JJ what do I look like a pimp? ..

                Match.com JJ.. Just don't tell the gold digger chicks you gamble.. Red flag..
                Last edited by JIBBBY; 06-15-17, 02:07 PM.
                Comment
                • Sam Odom
                  SBR Aristocracy
                  • 10-30-05
                  • 58063

                  #9
                  Send Sammy all of your coins... Sammy will wash'em for you then send them back

                  Trust Sammy
                  Comment
                  • JIBBBY
                    SBR Aristocracy
                    • 12-10-09
                    • 83691

                    #10
                    I will continue to use a wallet then.. Those double fees suck though.. You get hit on the double transfer fees from coinbase to wallet then wallet to sportsbook... Is what it is I guess... Was just looking to see if I could save a few bucks in the future..

                    Thanks fellas....
                    Comment
                    • shocka1212
                      SBR Posting Legend
                      • 10-06-12
                      • 16788

                      #11
                      hope I don't get in trouble by the forum for this... but to confirm how I can do a btc withdrawal... book to blockchain. block chain to coinbase or other exchange wallet ( I don't know any others) and then coinbase to bank acct?
                      Comment
                      • Sam Odom
                        SBR Aristocracy
                        • 10-30-05
                        • 58063

                        #12
                        book --> buffer wallet --> CB --> bank

                        can be a way but maybe not the safest
                        Comment
                        • JIBBBY
                          SBR Aristocracy
                          • 12-10-09
                          • 83691

                          #13
                          I'm not happy with Blockchain.. Can anyone recommend a different Wallet that operates smoothly?

                          It's always a pain in the asss to get logged into Blockchain for me.. They don't send out emails either alot of the times to confirm the log in so I get locked out and then I try again later. ..
                          Comment
                          • Jatt24
                            SBR Wise Guy
                            • 01-13-14
                            • 834

                            #14
                            Originally posted by JIBBBY
                            I'm not happy with Blockchain.. Can anyone recommend a different Wallet that operates smoothly?

                            It's always a pain in the asss to get logged into Blockchain for me.. They don't send out emails either alot of the times to confirm the log in so I get locked out and then I try again later. ..
                            Get the app on your phone for both blockchain and CB

                            Never had that problem been using them for a long time now
                            Comment
                            • Sam Odom
                              SBR Aristocracy
                              • 10-30-05
                              • 58063

                              #15
                              BREAD Wallet app another option... not perfect but works
                              Comment
                              • JIBBBY
                                SBR Aristocracy
                                • 12-10-09
                                • 83691

                                #16
                                Originally posted by Jatt24
                                Get the app on your phone for both blockchain and CB

                                Never had that problem been using them for a long time now
                                I work off my laptop.. Will try the phone app though thanks..
                                Comment
                                • Sam Odom
                                  SBR Aristocracy
                                  • 10-30-05
                                  • 58063

                                  #17
                                  do not recommend for the casual btc user but for PC/Mac/Linux... Bitcoin Core
                                  Comment
                                  • PaperTrail07
                                    SBR Posting Legend
                                    • 08-29-08
                                    • 20423

                                    #18
                                    JIBBBERS to each their own --know a guy that has gone straight to books for more in and out deposit that you would imagine---zero problems....I use blockchain and exodus as a middle........Blockchain I rec using the phone app not the online server....it has been having problems with e-mail verifications....Exodus is good for exchanding into other crypto's......if your into that........I would get blockchain on phone and the Exodus app
                                    Originally posted by JIBBBY
                                    I'm wondering do you really need a bitcoin wallet like blockchain to fund books like Bovada or 5dimes? Once you make a deposit into Coinbase you essentially can send the money transfer anywhere you want from what I can tell..

                                    So why is a Blockchain wallet even needed? You pay fees twice when you transfer from coinbase to blockchain wallet then to sportsbook..

                                    My question is can you just transfer from Coinbase to sportsbook directly and avoid the wallet and those second fees?
                                    Comment
                                    • PaperTrail07
                                      SBR Posting Legend
                                      • 08-29-08
                                      • 20423

                                      #19
                                      LOL BOOM.....you nailed it JIBBERS....
                                      Originally posted by JIBBBY
                                      I'm not happy with Blockchain.. Can anyone recommend a different Wallet that operates smoothly?

                                      It's always a pain in the asss to get logged into Blockchain for me.. They don't send out emails either alot of the times to confirm the log in so I get locked out and then I try again later. ..
                                      Comment
                                      • PaperTrail07
                                        SBR Posting Legend
                                        • 08-29-08
                                        • 20423

                                        #20
                                        JIBBERS... I Imagine the e-mail BS will get cleared up but Get the app and link it to your phone online...allows you to use the mobile app if the website login is having problems...
                                        Comment
                                        • PaperTrail07
                                          SBR Posting Legend
                                          • 08-29-08
                                          • 20423

                                          #21
                                          ETH and BC down over the US trying to scare people.....tells me to buy in even more ......cant be stopped
                                          Comment
                                          • JIBBBY
                                            SBR Aristocracy
                                            • 12-10-09
                                            • 83691

                                            #22
                                            Originally posted by PaperTrail07
                                            JIBBBERS to each their own --know a guy that has gone straight to books for more in and out deposit that you would imagine---zero problems....I use blockchain and exodus as a middle........Blockchain I rec using the phone app not the online server....it has been having problems with e-mail verifications....Exodus is good for exchanding into other crypto's......if your into that........I would get blockchain on phone and the Exodus app
                                            Yep, Blockchain is giving me big problems with email verifications.. I even have a balance there and just can't get into my account today.. Keeps saying verify and check your email, I check and no email.. Very frustrating..

                                            I'll try the phone app and see how that works out.. Thanks..
                                            Comment
                                            • PaperTrail07
                                              SBR Posting Legend
                                              • 08-29-08
                                              • 20423

                                              #23
                                              DAMN...JIBBERS Ive had it a long time and yesterday and today are my only problems but I have heard of it happening before....Luckily I had the app already otherwise I don't know the next course of action....probably wait few days then restore it....unlucky JIBB
                                              Originally posted by JIBBBY
                                              Yep, Blockchain is giving me big problems with email verifications.. I even have a balance there and just can't get into my account today.. Keeps saying verify and check your email, I check and no email.. Very frustrating..

                                              I'll try the phone app and see how that works out.. Thanks..
                                              Comment
                                              • PaperTrail07
                                                SBR Posting Legend
                                                • 08-29-08
                                                • 20423

                                                #24
                                                It usually shows up in less than a minute--they are obviously having problems...
                                                Originally posted by JIBBBY
                                                Yep, Blockchain is giving me big problems with email verifications.. I even have a balance there and just can't get into my account today.. Keeps saying verify and check your email, I check and no email.. Very frustrating..

                                                I'll try the phone app and see how that works out.. Thanks..
                                                Comment
                                                • Mac4Lyfe
                                                  SBR Aristocracy
                                                  • 01-04-09
                                                  • 48359

                                                  #25
                                                  Originally posted by PaperTrail07
                                                  ETH and BC down over the US trying to scare people.....tells me to buy in even more ......cant be stopped
                                                  Yep, when they dip, I load up.
                                                  Comment
                                                  • shocka1212
                                                    SBR Posting Legend
                                                    • 10-06-12
                                                    • 16788

                                                    #26
                                                    Sammy, thanks boss. appreciate the breakdown.
                                                    Comment
                                                    • Fischnasty
                                                      SBR MVP
                                                      • 02-10-09
                                                      • 1931

                                                      #27
                                                      do not use blockchain. if you absolutely must use a web wallet, there are several other better options out there.
                                                      Comment
                                                      • Demonata
                                                        BARRELED IN @ SBR!
                                                        • 07-12-11
                                                        • 25829

                                                        #28
                                                        Originally posted by JIBBBY
                                                        I will continue to use a wallet then.. Those double fees suck though.. You get hit on the double transfer fees from coinbase to wallet then wallet to sportsbook... Is what it is I guess... Was just looking to see if I could save a few bucks in the future..

                                                        Thanks fellas....
                                                        I hate the coinbase fees. Ive probably bought and sold around 70k in bitcoin there. I miss circle it had 0 fees.
                                                        Comment
                                                        • kidcudi92
                                                          SBR Posting Legend
                                                          • 12-14-11
                                                          • 15434

                                                          #29
                                                          yeah same here on the verifications but just worked, did priority, and the money was on the book within 10min or less
                                                          Comment
                                                          • Demonata
                                                            BARRELED IN @ SBR!
                                                            • 07-12-11
                                                            • 25829

                                                            #30
                                                            Originally posted by JIBBBY
                                                            Yep, Blockchain is giving me big problems with email verifications.. I even have a balance there and just can't get into my account today.. Keeps saying verify and check your email, I check and no email.. Very frustrating..

                                                            I'll try the phone app and see how that works out.. Thanks..
                                                            Use mycellium. From my experience it's the easiest and most secure
                                                            Comment
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