Gemini exchange

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  • unluckysob
    SBR MVP
    • 05-21-08
    • 1527

    #1
    Gemini exchange
    Anybody using Gemini for buying bit coin. I think they have their own wallet. Is this place good for what we do. Trying to get started with bitcoin, I tried coinbase, but had No fuking luck with that place. They won't answer the phone or emails. I'm a small player. Never more than a few hundred dollars. Win or lose. I was happy doing money transfers but that finally went to shit.
  • temple2010
    SBR MVP
    • 03-16-10
    • 1369

    #2
    Originally posted by unluckysob
    Anybody using Gemini for buying bit coin. I think they have their own wallet. Is this place good for what we do. Trying to get started with bitcoin, I tried coinbase, but had No fuking luck with that place. They won't answer the phone or emails. I'm a small player. Never more than a few hundred dollars. Win or lose. I was happy doing money transfers but that finally went to shit.
    I always use them to buy bitcoin which they are great for in my opinion- but then i send it to a middle man to send to the sportsbook.
    Comment
    • unluckysob
      SBR MVP
      • 05-21-08
      • 1527

      #3
      Originally posted by temple2010
      I always use them to buy bitcoin which they are great for in my opinion- but then i send it to a middle man to send to the sportsbook.
      Thanks temple. Any problem back to gemini, then to bank account.
      Comment
      • Ghenghis Kahn
        SBR Posting Legend
        • 01-02-12
        • 19736

        #4
        Use active trader for Gemini
        Comment
        • littlekona
          SBR Hall of Famer
          • 11-19-15
          • 5272

          #5
          Originally posted by unluckysob
          Thanks temple. Any problem back to gemini, then to bank account.
          its fast next day in your bank most of the time
          Comment
          • themike78
            SBR MVP
            • 07-01-13
            • 4883

            #6
            Coinbase is actually instant to bank account if you have a debit card linked to it. But I agree they really don't have any customer service. A few weeks for them to respond to an email.
            Comment
            • kidk
              SBR Wise Guy
              • 03-22-09
              • 879

              #7
              Who is the middle man you use to send to sportsbook ...I've used coinbase but they never get back to me - they messed up on 1 of mine during a outage .....bitcoin never got sent ....so need a good wallet and exchange that can send to bank account - coinbase was good with that it would transfer immediately
              Comment
              • temple2010
                SBR MVP
                • 03-16-10
                • 1369

                #8
                Originally posted by kidk
                Who is the middle man you use to send to sportsbook ...I've used coinbase but they never get back to me - they messed up on 1 of mine during a outage .....bitcoin never got sent ....so need a good wallet and exchange that can send to bank account - coinbase was good with that it would transfer immediately
                blockchain.com
                Comment
                • vampire assassin
                  SBR Sharp
                  • 03-09-18
                  • 300

                  #9
                  If you're buying/selling a lot, I think Kraken is better. Lower fees. It's not instant, but you save money.
                  Comment
                  • kidk
                    SBR Wise Guy
                    • 03-22-09
                    • 879

                    #10
                    Originally posted by temple2010
                    blockchain.com
                    Whatelse do you us along with blockchain ? What wallet do you use to deposit and does it also let you withdraw to bank account because blockchain is just an exchange correct
                    Comment
                    • littlekona
                      SBR Hall of Famer
                      • 11-19-15
                      • 5272

                      #11
                      I like Mycelium the best also use Edge as stand alone "middleman" wallets. Gemini Coinbase Bitpay are examples how to get money out
                      Comment
                      • temple2010
                        SBR MVP
                        • 03-16-10
                        • 1369

                        #12
                        Originally posted by kidk
                        Whatelse do you us along with blockchain ? What wallet do you use to deposit and does it also let you withdraw to bank account because blockchain is just an exchange correct
                        what Kona said- also electrum is also good but not to bank
                        Comment
                        • unluckysob
                          SBR MVP
                          • 05-21-08
                          • 1527

                          #13
                          Did I read this right? Bread wallet is now charging about 28percent to withdraw. Saw on their site. $3. To withdraw $11. That's crazy.
                          Comment
                          • unluckysob
                            SBR MVP
                            • 05-21-08
                            • 1527

                            #14
                            Originally posted by themike78
                            Coinbase is actually instant to bank account if you have a debit card linked to it. But I agree they really don't have any customer service. A few weeks for them to respond to an email.
                            30,000,000 customers, and about 3 employees to service them. In a perfect world the computers would handle everything.
                            Comment
                            • Optional
                              Administrator
                              • 06-10-10
                              • 63046

                              #15
                              Originally posted by unluckysob
                              Did I read this right? Bread wallet is now charging about 28percent to withdraw. Saw on their site. $3. To withdraw $11. That's crazy.
                              No you did not read that right.

                              In fact I will bet you 1000 points to your 1 point that you did not read the words 28% charge at all, anywhere!


                              Bread wallet do not charge you any fee to send.

                              The $3 is a miners fee that you choose the amount of when you send.

                              Just make the miners fee less if you dont care how long the confirmation takes.
                              .
                              Comment
                              • unluckysob
                                SBR MVP
                                • 05-21-08
                                • 1527

                                #16
                                Optional. Thank You.
                                Comment
                                • Optional
                                  Administrator
                                  • 06-10-10
                                  • 63046

                                  #17
                                  Originally posted by unluckysob
                                  Optional. Thank You.
                                  The wallet suggest the best miner fee at that moment.

                                  You can adjust it.

                                  It tells you what is best fee here https://bitcoinfees.earn.com/


                                  Right now, if you don't care if it takes 24-48 hours to be confirmed, you can get away with about 10% of optimum fee for a send. So assuming Bread wallet is giving you an accurate estimate for the kb size of the send, you could try sending your $11 with a 30 cent miner fee.
                                  .
                                  Comment
                                  • cornmeal
                                    SBR High Roller
                                    • 05-15-17
                                    • 220

                                    #18
                                    Gemini is very solid- like others have said Coinbase zero customer service
                                    Use EDGE wallet - blockchain is fine but if your not paying attention to fees you can end up sending with low fees and waiting hours or days for confirmation.
                                    Comment
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