Blockchain question.......

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  • flyingillini
    SBR Aristocracy
    • 12-06-06
    • 41219

    #1
    Blockchain question.......
    Are you able to buy BTC send to the book and send back to BTC and into your bank without using another wallet?
    המוסד‎
    המוסד למודיעין ולתפקידים מיוחדים‎
  • Roscoe_Word
    SBR MVP
    • 02-28-12
    • 3999

    #2
    Remember when we first started with BTC thing, Gillini?

    It was determined that the safer route would be by using an intermediate wallet.

    I think some players take a chance, but getting shut off from one's exchange, to me, isn't worth it.
    Comment
    • PD77
      SBR MVP
      • 12-11-09
      • 2381

      #3
      Blockchain.com does work as an exchange now but you have to complete the verification and kyc to use it. Better to just use them as an intermediary wallet imo.
      Comment
      • flyingillini
        SBR Aristocracy
        • 12-06-06
        • 41219

        #4
        Originally posted by Roscoe_Word
        Remember when we first started with BTC thing, Gillini?

        It was determined that the safer route would be by using an intermediate wallet.

        I think some players take a chance, but getting shut off from one's exchange, to me, isn't worth it.
        I have been out of the loop for years. I am in Vietnam and just use Pinnacle, I am heading back to America and need to get back in the swing of things..... thanks for the info!
        המוסד‎
        המוסד למודיעין ולתפקידים מיוחדים‎
        Comment
        • Optional
          Administrator
          • 06-10-10
          • 60712

          #5
          Originally posted by flyingillini
          I have been out of the loop for years. I am in Vietnam and just use Pinnacle, I am heading back to America and need to get back in the swing of things..... thanks for the info!
          If the exchange you plan to use bans using them to transfer gambling funds, it probably is smarter to use an intermediary wallet to try and respect their rules.

          But if any exchange decides to investigate your account they can quickly work out what you are doing by looking at where your transfers end up and originate from, and the general pattern of wallets involved.

          Plus, many posters will tell you they have been transferring direct from book to exchange for years.


          Finally, if you do decide to take the easy way I have never heard of an exchange confiscating any money. Just asking you to explain what you are doing and then closing he account and telling you to move your crypto out.
          .
          Comment
          • DontTailMe
            SBR MVP
            • 03-24-19
            • 2897

            #6
            Originally posted by Roscoe_Word
            Remember when we first started with BTC thing, Gillini?

            It was determined that the safer route would be by using an intermediate wallet.

            I think some players take a chance, but getting shut off from one's exchange, to me, isn't worth it.
            Exchanges shutting down account for transfers directly with sportsbooks definitely still happens, so you're taking a risk if you choose to go without. Why take the chance, especially when fees are miniscule these days?
            Comment
            • ThaWoj
              SBR Hall of Famer
              • 03-09-10
              • 6745

              #7
              I got banned by coinbase but i dont think crypto.com cares...and you can just use their defi wallet anyways where you control the keys. Then it doesn't even matter.

              Heritage makes you use a different btc address every time you withdraw. I cashed out to my defi wallet and did an almost no fee near instant transfer to my connected cdc btc wallet if i want to buy cro or convert to cash on the dbt card
              Comment
              • Optional
                Administrator
                • 06-10-10
                • 60712

                #8
                Originally posted by ThaWoj
                I got banned by coinbase but i dont think crypto.com cares...and you can just use their defi wallet anyways where you control the keys. Then it doesn't even matter.

                Heritage makes you use a different btc address every time you withdraw. I cashed out to my defi wallet and did an almost no fee near instant transfer to my connected cdc btc wallet if i want to buy cro or convert to cash on the dbt card
                When buying at Crypto.com how do you avoid the 24 hour hold on transferring BTC out of there?

                Asking for a poster with the question to me.
                .
                Comment
                • GrezaMelith
                  SBR Rookie
                  • 03-04-22
                  • 2

                  #9
                  Which is the best platform to start NFT?
                  Comment
                  • ThaWoj
                    SBR Hall of Famer
                    • 03-09-10
                    • 6745

                    #10
                    Originally posted by Optional
                    When buying at Crypto.com how do you avoid the 24 hour hold on transferring BTC out of there?

                    Asking for a poster with the question to me.
                    Yeah I know, they did that to me after that security breach but honestly since u.s. books went live here end of january I haven't bought btc..but I can tell you the crypto.com defi wallet didnt make me wait at all to send to my exchange wallet...I'm pretty sure if I sent from defi to lets say bitpay, there would be no 24 hour hold. But im not 100 percent. The problem is you have to buy the btc on the exchange if you dont have any..however if you buy and transfer to defi then transfer to book, that might be a way to circumvent the 24 hr hold
                    Comment
                    • KVB
                      SBR Aristocracy
                      • 05-29-14
                      • 74817

                      #11
                      Originally posted by GrezaMelith
                      Which is the best platform to start NFT?
                      I think OpenSea is the most widely used...

                      Learn about some of the best NFT marketplaces to find which platform is the right fit for your NFT investing needs.


                      Comment
                      • raiders72001
                        Senior Member
                        • 08-10-05
                        • 11019

                        #12
                        Originally posted by GrezaMelith
                        Which is the best platform to start NFT?
                        As KVB said, Opensea is the most popular. Use the Polygon chain before minting so that you don't have to pay a fee.
                        Comment
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