[boneheaded1]

Opened an account at an exchange and with a wallet. Waiting for the penny deposits and pending transactions for verification then it will be time for my first bitcoin purchase to fund my account.

It's kind a process. But hopefully it's as good and as easy as people are saying.

Good luck this football season all.

[boneheaded1]

Wallet is not with exchange, by the way.

Followed advice here; exchange to wallet to book. The. Book to wallet to exchange.

[Sam Odom]

good luck

[jjgold]

It's the only way to go now

[Waterstpub87]

Once you get used to it, so much easier than other methods.

[Pinoy-T-X]

Cliff notes on btc cash - how does the digital currency fork work?
Thanks

[Cuse0323]

It's easy when you can verify that you are you. I did 100 transactions with Coinbase. One day I'm logged out. New phone number. They won't fckin verify me. I'm gonna smash my laptop. This is pissing me off. I know my login, my password, have my ID, and hey guys, it's me in the picture. The guy who did many transactions with you. Is this fckin Fort Knox? Can I just gamble in peace? I mean buy BTC in peace. I'm gonna stroke out trying to get money to a book for Football.

Anyway, best of luck. Hope you win big. Wish all SBRers well.

[Sam Odom]

It's easy when you can verify that you are you. I did 100 transactions with Coinbase. One day I'm logged out. New phone number. They won't fckin verify me. I'm gonna smash my laptop. This is pissing me off. I know my login, my password, have my ID, and hey guys, it's me in the picture. The guy who did many transactions with you. Is this fckin Fort Knox? Can I just gamble in peace? I mean buy BTC in peace. I'm gonna stroke out trying to get money to a book for Football.

Anyway, best of luck. Hope you win big. Wish all SBRers well.

will always be the best way to do it

[Philmill]

what wallet has decent limits..???

[themike78]

It's easy when you can verify that you are you. I did 100 transactions with Coinbase. One day I'm logged out. New phone number. They won't fckin verify me. I'm gonna smash my laptop. This is pissing me off. I know my login, my password, have my ID, and hey guys, it's me in the picture. The guy who did many transactions with you. Is this fckin Fort Knox? Can I just gamble in peace? I mean buy BTC in peace. I'm gonna stroke out trying to get money to a book for Football.

Anyway, best of luck. Hope you win big. Wish all SBRers well.

I have the same problem. No lie I have been trying for a year to log into my account. I got a new phone and that authy app b.s doesn't work. It says I need my old phone which I don't have anymore. Everytime coinbase responds to my emails which takes a month by the way they send me a generic email with instructions for authy app which doesn't fukin work. I have bitcoins that I can't even use. I fukin hate coinbase. Can't even access my own account because of a stupid phone. Those exchanges are the worst. I swear one of them wanted a DNA sample from me. Fuk all of them. The fees might be outrageous but I only use local bitcoins or paxful. At least they are instant.

[ChuckyTheGoat]

mike78, good post. I wonder about issues like this. Too MUCH security? Gotta be able to log-in.

What about chance u die? Are those Bitcoins dead, just like u? Non-transferrable, right?

[ace7550]

The lesson here is DONT USE COINBASE. They literally take months to respond to inquiries. They take a week to put wired money into accounts. They also handled the bitcoin fork very shady. First they weren't going to issue anyone their bch, IE keep it for themselves, then they got threatened with a class action lawsuit. So they decided to back track and issue the bch...in January!
Lots of better exchanges out there. Kraken and Itbit just to name a couple. Itbit processes wires same day.
If SBR rated exchanges Coinbase would not be rated an "A"

[Auto Donk]

just got this cle brochure in the mail.....

seeing my 60 bucks of beat the prick earnings turn into 200 bucks has me interested.....

probably buy this hour and half course:

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• Mark W. Rasmussen, Partner at Jones Day
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[boneheaded1]

will always be the best way to do it

Indeed. That is the way I had been doing it for the last 3 years. Emptied my online accounts and drove to Reno every week for football season. Spent my entire bank to help fund a house downpayment and now starting from scratch again. Gonna be a few years before I can start cash betting again. Hopefully by then the Supreme Court will have overturned the Bradley Act and cash strapped CA legalizes Sportsbetting by then. Would make it WAY easier.

[boneheaded1]

Why are the people complaining they can't get their bitcoins keeping their bitcoins with coinbase? There are a crapload of other wallets. It is my understanding that you need another outside wallet anyways as Coinbase will block you if you appear to be sportsgambling. That is why even the video on SBR (thanks for that guys by the way) specifically says, Coinbase to blockchain to book.

Of course I am a noob to the whole bitcoin thing. But I gleaned that much.

[themike78]

mike78, good post. I wonder about issues like this. Too MUCH security? Gotta be able to log-in.

What about chance u die? Are those Bitcoins dead, just like u? Non-transferrable, right?

I don't even have to die for those bitcoins to be gone. I've given up on it. So frustrating I can't even log into my own account just because I changed cellphones. You think they could let me verify log on by an email verification or something. Nope. These dam places have more security than banks. And all this b.s about Bitcoin being anonymous is completely false.

[zert]

So coinbase is ok to use? I started to set up an account a year or so ago, but I did not finish all the verifying yet. Should I do something different? thanks

[ace7550]

I would use itbit. Much easier and fees are lower.

[Cuse0323]

Why are the people complaining they can't get their bitcoins keeping their bitcoins with coinbase? There are a crapload of other wallets. It is my understanding that you need another outside wallet anyways as Coinbase will block you if you appear to be sportsgambling. That is why even the video on SBR (thanks for that guys by the way) specifically says, Coinbase to blockchain to book.

Of course I am a noob to the whole bitcoin thing. But I gleaned that much.

I was going Coinbase to blockchain, of course. Just can't get back into my Coinbase account if my life depended on it. Luckily, I have basically nothing in there so I just need to find a different place. I miss just going to the damn store and sending money to some lady with four names. The biggest challenge was writing small enough to fit it all, and making sure the employee put it in right.

[themike78]

I was going Coinbase to blockchain, of course. Just can't get back into my Coinbase account if my life depended on it. Luckily, I have basically nothing in there so I just need to find a different place. I miss just going to the damn store and sending money to some lady with four names. The biggest challenge was writing small enough to fit it all, and making sure the employee put it in right.

Yeah I think I actually liked that way better. I used to hate it though when the clerk would put the second middle name with the last name. I would have to call them up or go back to the store to change it. Why couldn't they just use 2 names?

[ChuckyTheGoat]

I would use itbit. Much easier and fees are lower.

Interesting that there is anti-Coinbase sentiment on here.

Is some of it a matter of Coinbase being a "cool name" and maybe more recognition?

As a Crypto newbie, I just assumed Coinbase was the standard wallet to connect to Bank Acct.

[themike78]

Interesting that there is anti-Coinbase sentiment on here.

Is some of it a matter of Coinbase being a "cool name" and maybe more recognition?

As a Crypto newbie, I just assumed Coinbase was the standard wallet to connect to Bank Acct.

Coinbase was the first Bitcoin exchange I believe. But they are very nosy with what you do with your bitcoins. And my main problem with them other than the fact I can't access my account ever again is that they refuse to improve their customer service. When it takes a month and a half on average to receive a reply back from an email something is wrong. When they refuse to even have a phone number to call something is wrong. When they first came out they actually had a live chat option. That is now gone. How can a company as big as them be that cheap that they won't hire any new employee's? Fuk them I hope they go out of business.

[MeanPeopleSuck]

what wallet has decent limits..???

If you're not interested in trading, then keep your money in your own wallet, one only YOU control. That way there's no limits and nobody to interfere with you sending your money wherever you want to. I recommend Electrum, it's super easy to download and start using, but any of the options on this page put you in charge of your own BTC: https://bitcoin.org/en/choose-your-wallet

PS: You might want to avoid the wallets from the two main combatants in the recently concluded civil war: Bitcoin Core and Bitcoin Unlimited. They both download the entire blockchain, so they eat up a ton of space.

[MeanPeopleSuck]

Coinbase was the first Bitcoin exchange I believe. But they are very nosy with what you do with your bitcoins. And my main problem with them other than the fact I can't access my account ever again is that they refuse to improve their customer service. When it takes a month and a half on average to receive a reply back from an email something is wrong. When they refuse to even have a phone number to call something is wrong. When they first came out they actually had a live chat option. That is now gone. How can a company as big as them be that cheap that they won't hire any new employee's? Fuk them I hope they go out of business.

Coinbase and GDAX both suck, and should be avoided, but not just owing to poor customer service. Both are being sued -- right now -- by the IRS for YOUR trading records: https://www.forbes.com/forbes/welcom...ww.google.com/

This month the IRS offered a 'concession' that it's only interested in accounts that transacted greater than $20,000, but even if that exempts you, you should still be afraid. After finding what I'm positive will be massive tax fraud among the larger accounts, there's nothing to stop the IRS from saying, "that was great; now, give us the rest."

Unless you're part of the miniscule percentage of people who are actually paying taxes on their crypto profits, close your CB/GDAX accounts today. A far better option is any non US based exchange, like Bitfinex.

[boneheaded1]

I thought coinbase won that case already.

[MeanPeopleSuck]

So coinbase is ok to use? I started to set up an account a year or so ago, but I did not finish all the verifying yet. Should I do something different? thanks

Coinbase is fine as an initial place to purchase BTC because there's very few exchanges left that let you fund your account with dollars without totally ripping you off on exchange fees (Bitstamp.net is another, IMHO, better option).

But once you've got your dollars at CB, buy your Bitcoin and move it (it's super easy to move Bitcoin around the internet; you can get from any site to any other site usually in a half hour or less).

If you're only interested in using BTC for sportsbooks, download and use this wallet (remember to write down your Seed somewhere very safe, because if your computer blows up, it's the only way to regenerate your wallet): https://electrum.org/#home

If you're interested in trading, the two biggest alt coin sites are Bittrex and Poloniex, but they're both US based. If alts don't interest you, I recommend Bitfinex, which is incorporated in the British Virgin Islands and therefore less susceptible to intimidation/cooperation with the IRS.

[MeanPeopleSuck]

I thought coinbase won that case already.

No, you're probably thinking of the IRS's voluntary limiting of its demand from every account at Coinbase to 'only' those that transacted $20k or more earlier this month, but the litigation itself is ongoing.

In my professional, legal opinion Coinbase is very likely to lose this case and when they do, I suspect MASSIVE tax evasion will be uncovered, maybe to the tune of 99% of all accounts (the IRS says there were only about 900 BTC owners who reported capital gains in 2016, meaning 99.9% of us didn't).

Given that number, I strongly suspect some AUSA somewhere will want to make his career by reconsidering the $20k exemption and going after everybody.

[ace7550]

Everything MeanPeopleSuck said correct. Itbit is good. Same day wires and low fees.

[Cuse0323]

Yeah I think I actually liked that way better. I used to hate it though when the clerk would put the second middle name with the last name. I would have to call them up or go back to the store to change it. Why couldn't they just use 2 names?

Who knows. Been in that situation a couple times. My own fault, really. Had to drive home, and back, then home, and back because I didn't make sure they put the damn name in right. Then had to call, and deal with all that.

That seems great compared to getting money in now. I'll have to try some of these other exchanges out. Just hate the damn process, but have to get money in for football somehow.

Just take my money exchanges. Fees, and all. I just need it to get to damn blockchain, which is great, so I can pay for Tony's lunch.

[Bsims]

I miss just going to the damn store and sending money to some lady with four names. The biggest challenge was writing small enough to fit it all, and making sure the employee put it in right.

LOL. That reminds me of my 15+ year journey in this arena. First there were ************, then **, **, Neteller, *******, Paypal, prepaid debit cards, and now BTC. I wish my dear old Uncle would just leave me alone and let me enjoy the short time I have left in life.

[boneheaded1]

LOL. That reminds me of my 15+ year journey in this arena. First there were ************, then **, **, Neteller, *******, Paypal, prepaid debit cards, and now BTC. I wish my dear old Uncle would just leave me alone and let me enjoy the short time I have left in life.

Give it a few years. Once the Supreme Court overturns the Bradley Act in their next session, a lot of states will legalize it in some form or other.

[zert]

So you get an itbit account. Then you get an electrum wallet. To keep your bitcoin in. Do you get bitcoin or do you get the bitcoin cash? How much do these wallets cost to k eep?

[ace7550]

Bank account > Itbit > Whatever wallet you feel is safe (blockchain.info is fine) > sportsbook. You want bitcoin, definitely not bitcoin cash. And the wallets are free.

[zert]

Is bank account the only way to buy ?

[themike78]

Coinbase is fine as an initial place to purchase BTC because there's very few exchanges left that let you fund your account with dollars without totally ripping you off on exchange fees (Bitstamp.net is another, IMHO, better option).

But once you've got your dollars at CB, buy your Bitcoin and move it (it's super easy to move Bitcoin around the internet; you can get from any site to any other site usually in a half hour or less).

If you're only interested in using BTC for sportsbooks, download and use this wallet (remember to write down your Seed somewhere very safe, because if your computer blows up, it's the only way to regenerate your wallet): https://electrum.org/#home

If you're interested in trading, the two biggest alt coin sites are Bittrex and Poloniex, but they're both US based. If alts don't interest you, I recommend Bitfinex, which is incorporated in the British Virgin Islands and therefore less susceptible to intimidation/cooperation with the IRS.

I got a question. I downloaded the mycelium wallet to my phone. And they gave me a bunch of random words to write down. Is that the seed? Also I lost the random words I wrote down. So what does that mean? I can't ever transfer that wallet to a different phone? Can I still have money deposited to that wallet and access it? Or should I just close the wallet and never use it again. This stuff gets confusing.