Questions about using BTC and Nitrogensports feedback

**littlekona** · 08-08-19, 12:55 PM

Originally posted by fortworth777

Started to use bitcoin for the first time ever, absolutely love it! Only question is this, does Coinbase report transactions to the government? If Coinbase does are there ones that don’t? Have been transferring back and forth money between my bank and Coinbase. Just nervous.

Also have used Nitrogen Sports and have absolutely nothing but good things to say! I’ve finally found a place I trust!

Nitro is rock solid book.....and yes there is always a chance esp If large amounts are transferred.....there are really no anonymous exchanges or outlets to buy anymore within USA.....maybe localbitcoin is least risk...

**Fishhead** · 08-08-19, 01:38 PM

Get the EDGE wallet

Abort crappy Coinbase

**raiders72001** · 08-08-19, 01:46 PM

Originally posted by fortworth777

Started to use bitcoin for the first time ever, absolutely love it! Only question is this, does Coinbase report transactions to the government? If Coinbase does are there ones that don’t? Have been transferring back and forth money between my bank and Coinbase. Just nervous.<br>
<br>
Also have used Nitrogen Sports and have absolutely nothing but good things to say! I’ve finally found a place I trust!

<br>
Nitrogen is my favorite book. You may want to jump in their free NFL survivor pool. It pays .2 BTC (approx. $2300). More if BTC goes up.

**firedawg** · 08-08-19, 02:33 PM

Originally posted by Fishhead

Get the EDGE wallet

Abort crappy Coinbase

Is it instant ?

**fortworth777** · 08-08-19, 03:34 PM

Now I’m having problems buying bitcoin online, being treated like a criminal buying low dollar amounts of bitcoin! What a joke!

**Optional** · 08-08-19, 10:43 PM

You started off being nervous and wanting to avoid government.

3 hours later you say you have trouble and being treated like a criminal.

In another thread you say two exchangers have already shut you down.

Give up the scam man! You don't know enough to not be caught at whatever you are up to obviously.

**eaglesfan371** · 08-08-19, 11:02 PM

Originally posted by Optional

You started off being nervous and wanting to avoid government.

3 hours later you say you have trouble and being treated like a criminal.

In another thread you say two exchangers have already shut you down.

Give up the scam man! You don't know enough to not be caught at whatever you are up to obviously.

Not necessarily a scam but he is raising every red flag there is if he was one.

If hypothetically he is a very rich whale who likes to gamble, then yes hes innocent. Buying 2k of bitcoin multiple times on sites with 10% fee like Coinmama screams stolen C cards...they only accept card. If guy wants 5k of bitcoin, wire for $30 to exchange and then buy 1% fee vs $500 fee.

**eaglesfan371** · 08-08-19, 11:07 PM

If you're worried about government and taxes, wire money TO exchanges. Buy bitcoin. This way you can show cost basis easily and have a starting investment on paper.

If you win big, cash out for cash locally or through ATMs. Likely to still leave paper trail but its A LOT better to show an outflow cost basis than buy bitcoin with cash and THEN withdraw for 1000s to coinbase to your bank...hello IRS loves you. In that situation IRS says show me where you bought bitcoin to explain this 20k in coinbase deposits to your bank...you being like most gamblers did not save your purchase receipts of ATMs... =you're fukked and IRS wins. Despite losing 30k that year and only getting 20k back, you now find yourself with a 5k additional tax bill from the lovely IRS for that 20k you cannot show cost basis of.

**fortworth777** · 08-09-19, 01:12 AM

What a scam!!! May just move to Vegas so I can avoid this hassle!

**littlekona** · 08-09-19, 12:18 PM

Originally posted by fortworth777

What a scam!!! May just move to Vegas so I can avoid this hassle!

LOL, Ignorance more like it....BTW why Vegas? like 20 states you can choose from very soon

**themike78** · 08-09-19, 12:48 PM

I used to hate coinbase but now that they have paypal withdraw option it's very convenient. It's instant and once in your paypal account you can instant transfer to any debit card you have on file. Just a quick way to access funds rather than waiting 2 days for it to hit your bank account.

**fortworth777** · 08-10-19, 01:57 AM

Thanks for the info, might transfer into PayPal acct