[cincy]

Last year I opened up a coinbase.com and blockchain.info account so I can send bitcoins to sportsbooks. But I still don't understand bitcoins very well so I have some questions. I have made many deposits from my bank to coinbase and it seems they charge a 1% fee and it normally takes 5 days to credit my coinbase account. I send large amounts. Are there any alternatives to coinbase that charges a lower fee.

I think someone told me it is best to use blokchain.info as an intermediary wallet for deposits and payouts from sportsbooks. Is this correct?

I am also curious if I can send bitcoins to friends. If so, are there fees and is it better to do this with coinbase or blockchain.

I also thought one benefit of bitcoins was there is no personal info but I opened the coinbase and blockchain accounts in my name. Can a friend open these accounts in any name. It also seems I can get $75 cash if a friend opens a coinbase account.

What fees are involved if I ever get a withdrawal from coinbase to my bank.

Finally, can I deposit my bitcoins into a friend's sportsbook account or will the sportsbook know the deposit came from me and not him?

Thanks

[poker6469]

does it take 5 days to get coins to us doller or transfer to my bank account.

[ABEHONEST]

I was told 2 or 3 days to reach your bank.

[Optional]

Last year I opened up a coinbase.com and blockchain.info account so I can send bitcoins to sportsbooks. But I still don't understand bitcoins very well so I have some questions. I have made many deposits from my bank to coinbase and it seems they charge a 1% fee and it normally takes 5 days to credit my coinbase account. I send large amounts. Are there any alternatives to coinbase that charges a lower fee.

I think someone told me it is best to use blokchain.info as an intermediary wallet for deposits and payouts from sportsbooks. Is this correct?

I am also curious if I can send bitcoins to friends. If so, are there fees and is it better to do this with coinbase or blockchain.

I also thought one benefit of bitcoins was there is no personal info but I opened the coinbase and blockchain accounts in my name. Can a friend open these accounts in any name. It also seems I can get $75 cash if a friend opens a coinbase account.

What fees are involved if I ever get a withdrawal from coinbase to my bank.

Finally, can I deposit my bitcoins into a friend's sportsbook account or will the sportsbook know the deposit came from me and not him?

Thanks

I'll answer the bits I can. Hopefully our resident expert Raiders will see your post and expand a bit more.

Most commonly recommended Coinbase alternatives are Circle.com and Localbitcoins.com

Coinbase have closed some people's accounts due to using BTC purchased there at sportsbooks. In order to try and avoid this many posters recommend never sending to or from a book directly to your coinbase wallet. Blockchain free wallets are what many use as an in-between.

Sending bitcoins to anyone, friends or not, only incurs a very small fee which goes to the owner of the computer which verifies the transaction. You can actually choose to pay zero fee but this will result in your transfer taking longer as no one wants to process it for you. It will eventually get done but you are better off to leave it at the wallet default. Its only a few cents per hundred dollars worth.

Don't kid yourself about it being anonymous. Most US based legal companies are going to require ID to transfer between US$ and BTC for you. There are ways like buying for cash via localbitcoins.com or through Liberyreserve outlets but truth is unless you are a real boffin you probably are not going to be really anonymous. Dont rely on it anyway.

Someone else can tell you about US coinbase fees.

Yes you can deposit to your friends book account and no one will know. The book just gives them an address to send to and has no way to know who has sent the btc.

[Buffalo Nickle]

Circle does not charge a fee at this time to purchase or sell BitCoin but your immediate purchase availability will not be as high until you make a few transactions to build it up as you did with Coinbase.

The fee to sell BitCoin is the same 1% and it goes to straight to your bank in the same three to five days as it does coming in.

If you are going to make regular sportsbook transfers, you want to use blockchain to make the transactions harder to trace and keep Coinbase or Circle from shutting you down.

[kaliboyz]

Libertyx is the way to go. Lower price and get your bitcoin in just 15-20 mins. Hope this info helps.

[ABEHONEST]

I'll answer the bits I can. Hopefully our resident expert Raiders will see your post and expand a bit more.

Most commonly recommended Coinbase alternatives are Circle.com and Localbitcoins.com

Coinbase have closed some people's accounts due to using BTC purchased there at sportsbooks. In order to try and avoid this many posters recommend never sending to or from a book directly to your coinbase wallet. Blockchain free wallets are what many use as an in-between.

Sending bitcoins to anyone, friends or not, only incurs a very small fee which goes to the owner of the computer which verifies the transaction. You can actually choose to pay zero fee but this will result in your transfer taking longer as no one wants to process it for you. It will eventually get done but you are better off to leave it at the wallet default. Its only a few cents per hundred dollars worth.

Don't kid yourself about it being anonymous. Most US based legal companies are going to require ID to transfer between US$ and BTC for you. There are ways like buying for cash via localbitcoins.com or through Liberyreserve outlets but truth is unless you are a real boffin you probably are not going to be really anonymous. Dont rely on it anyway.

Someone else can tell you about US coinbase fees.

Yes you can deposit to your friends book account and no one will know. The book just gives them an address to send to and has no way to know who has sent the btc.

Left confused? U mean u r secure shipping coinbase goods to your wagering source? I'm lost? I thought you said they aren't secure? Please state it plain and simple. Yes, I do have some less than average reading comprehension.

[Optional]

Sorry Abe.

Not 100% sure what you mean but think you may have misread me. I was answering Cincy's question but basically was saying it is NOT recommended to send from Coinbase directly to a bookmaker. Or from a bookmaker directly to Coinbase.

What do you mean by secure? Anonymous? If so, I was only meaning do not rely on never being able to be tracked. It's pretty anonymous but not completely.

[Buffalo Nickle]

You can send BitCoin to your sportsbook securely but it can be traced by your BitCoin provider. So they can tell that you sent to sportsbook if they decide to look. So you send to a wallet in between to throw off the hound dogs if they put them on your trail. It's like wading in the river.

You can send secure but not necessarily untraceable unless you make more of an effort.

[T4TRUTH]

You can send BitCoin to your sportsbook securely but it can be traced by your BitCoin provider. So they can tell that you sent to sportsbook if they decide to look. So you send to a wallet in between to throw off the hound dogs if they put them on your trail. It's like wading in the river.

You can send secure but not necessarily untraceable unless you make more of an effort.

And the more you guys try to look smarter and smarter than everyone with advice on how to go round something anything is the sooner it will be shut down..
So while you think you are educating someone that wants and needs it, you are just blowing the whistle and showing those looking to bust it wide open and educating them too.
So if you dint want methods shut down somewhere along the line SHUT up!!!
It should be LAW around here, that any discussion of methods be banned.
and any knuckle head that wants to advise people on loopholes be banned too...
problem, people need to think and find these things out for themselves....

[ABEHONEST]

I am studying this more intently. Keep it up guys.

[raiders72001]

There's a lot of good information in this thread but would like to add a couple of things. I wouldn't be concerned at all about posting anything about bitcoins on this forum. Coinbase is guessing that you are making gambling transactions since the only thing they know for sure is your name, address, personal info.

As an example, you can post directly from Coinbase to Nitrogensports and Coinbase won't have any idea where you are sending money. Nitrogen uses many wallets for payouts and you can switch your deposit address up to 5 times a day. Just change the deposit address once in a while and you'll be fine.

I still transfer to blockchain.info before transferring to a sportsbook because not all books work similar to Nitrogen. Just create a new blockchain.info account now and then. It takes 10 seconds or however long it takes to set up a password.

It seems that the repetitiveness of transferring from Coinbase to another bitcoin address, directly or indirectly, is causing their concern. Most bitcoin transactions are for gambling. They know this. Just don't make it obvious since they are guessing.

[raiders72001]

BITCOINWithdrawing to Coinbase



There’s been a lot of talk this week about the concerns around withdrawing to Coinbase when you’re using your bitcoins to gamble. A few bettors have received emails like the followingfrom Coinbase:

“Upon review of your Coinbase account, we have determined that we can no longer provide you access to Coinbase Services. Please understand that Coinbase is a regulated Money Service Business under the FinCEN division of the U.S. Treasury Department and as such, we are required to review accounts in order to ensure compliance with regulations.
Gambling is illegal under US law even if you live outside of the US we cannot provide services to your account for the purpose of any type of gambling activity.”

Anonymity and security are always at the top of our minds, so we’d like to take a moment to reassure you that we don’t use a single address to withdraw your bitcoins from Nitrogen Sports. Your deposit address can also be changed (up to 5 times a day) if you’d like to ensure that you’re getting a completely brand new deposit address every time.





If you have any concerns about the security of your bitcoin, please don’t ever hesitate to give us a shout! Please submit a support ticket, and one of our amazing support staff would be happy to walk you through how we ensure your anonymity.

https://nitrogensports.eu/blog/withdrawing-to-coinbase/

[zola]

Circle.com -- owns coinbase. Instant buy coins after verification without CC

And the wallet -> bank transfers are way faster than coinbase.

BTW - dont capitalize the C in Bitcoin. Makes you look like the ultimate noob.

[Buffalo Nickle]

And the more you guys try to look smarter and smarter than everyone with advice on how to go round something anything is the sooner it will be shut down..
So while you think you are educating someone that wants and needs it, you are just blowing the whistle and showing those looking to bust it wide open and educating them too.
So if you dint want methods shut down somewhere along the line SHUT up!!!
It should be LAW around here, that any discussion of methods be banned.
and any knuckle head that wants to advise people on loopholes be banned too...
problem, people need to think and find these things out for themselves....

If they are going to shut it down, they will shut it down. Nothing posted here is going to do the trick. BitCoin may go to zero before then. Don't worry about it. If they shut down BitCoin, it is not all it's cracked up to be.

[raiders72001]

Circle.com -- owns coinbase.

not true

[T4TRUTH]

If they are going to shut it down, they will shut it down. Nothing posted here is going to do the trick. BitCoin may go to zero before then. Don't worry about it. If they shut down BitCoin, it is not all it's cracked up to be.

I understand, but nothing is ever know to such ederal outfits until people stupidly alert them to what exactly and how something is being done.. and then . bag holders
what good does that do anyone..
just saying methods should always be the more discreet approach.

How are you by the way????

[raiders72001]

If they are going to shut it down, they will shut it down. Nothing posted here is going to do the trick. BitCoin may go to zero before then. Don't worry about it. If they shut down BitCoin, it is not all it's cracked up to be.

Buffalo Nickle - Post whatever you want. You post a lot of good information for the board.

[zola]

One can not simply "shut down" bitcoin. That's the entire point of this thing. Come on, do your research.

[raiders72001]

I understand, but nothing is ever know to such ederal outfits until people stupidly alert them to what exactly and how something is being done.. and then . bag holders
what good does that do anyone..
just saying methods should always be the more discreet approach.

How are you by the way????

I'm unsure of the algorithms being used by Coinbase but it's more complicated than what we are posting. We aren't telling them something new.

[Buffalo Nickle]

I understand, but nothing is ever know to such ederal outfits until people stupidly alert them to what exactly and how something is being done.. and then . bag holders
what good does that do anyone..
just saying methods should always be the more discreet approach.

How are you by the way????

The Feds can find anything they want to find. They know everything that is going on with BitCoin. Cable TV is dying and they need all this gambling to keep ESPN solvent. They aren't going to make it too tough. And if you lose BitCoin, it's not such a big deal.

[T4TRUTH]

The Feds can find anything they want to find. They know everything that is going on with BitCoin. Cable TV is dying and they need all this gambling to keep ESPN solvent. They aren't going to make it too tough. And if you lose BitCoin, it's not such a big deal.

of course it would only stand to reason that the same croonies that went bang with fredy and fany invented the bitcoin in the first place. I mean all those golden parachute paychecks etc etc, what better way to drum up more cash but to invent fake and completely nonsense elctronic currency.
guy at arcade had similar hopes when making tokens. but did not have the help of internet to make himself billions, bitcoin as unreal as it could come, but some people actually buy it with real cash hard dollars not like stocks and soft dollars.
So when they have hit their milestone it will be on to the next endeavour, the housing took its run, the oil had its run, tech google had its run, apple had a great run, gold had its run, why not an invented online currency???? why not.
the key like in all betting pre-empt the market, WHATS NEXT ???? thats where we will make the real money... long term markets.. not a game today or tomorrow. who will win the season find and decipher the future...

[Buffalo Nickle]

of course it would only stand to reason that the same croonies that went bang with fredy and fany invented the bitcoin in the first place. I mean all those golden parachute paychecks etc etc, what better way to drum up more cash but to invent fake and completely nonsense elctronic currency.
guy at arcade had similar hopes when making tokens. but did not have the help of internet to make himself billions, bitcoin as unreal as it could come, but some people actually buy it with real cash hard dollars not like stocks and soft dollars.
So when they have hit their milestone it will be on to the next endeavour, the housing took its run, the oil had its run, tech google had its run, apple had a great run, gold had its run, why not an invented online currency???? why not.
the key like in all betting pre-empt the market, WHATS NEXT ???? thats where we will make the real money... long term markets.. not a game today or tomorrow. who will win the season find and decipher the future...

I personally think BitCoin will probably go to zero. Just use it while you can. A lot about BitCoin is unsustainable.

[Optional]

It's not really a biggie either way to sportsbettors if bitcoin survives.

It's just a useful way to transfer funds around right now.

Eventually I suspect a big corporation will get behind a different digital currency and wrap it up in a simple interface and market the hell out of it so people aren't scared... either that or the feds will go sledgehammer and try to shut down all the exchangers available to Americans like they did with e-gold.

But I think it will be the big corporate that will create the 'facebook' of digital currency and turns bitcoin into the myspace of the industry.

Trouble is, it wont be anonymous or cheap then.

[raiders72001]

The coinmarketcap for bitcoin is only $3.4b. The only people having problems are the braggers and those tied up heavily in drugs.

Everyone knows about silk road. Fontas is a crypto-currency trader that bragged openly about manipulating markets through pump and dump. Bitcoin exchanges aren't regulated.

Fontas bragged about this to the NY Times. The next day he went silent on the open forums and tweets.

[raiders72001]

Electronic currencies are here to stay. It may be bitcoin or an improved version. There are alternate coins without ledgers that are totally anonymous.

[ABEHONEST]

Electronic currencies are here to stay. It may be bitcoin or an improved version. There are alternate coins without ledgers that are totally anonymous.

Mr Raider, my SBR anonymous message system is open to your suggestions. Abe

[raiders72001]

Coinbase/Circle to blockchain.info to sportsbook. Create a new blockchain.info account now and then.

[raiders72001]

If anyone ever wants to day trade there are many exchanges. Here are two:

https://www.cryptsy.com/ and https://btc-e.com/



List of alt coins. 678 total.

http://coinmarketcap.com/

[ABEHONEST]

Coinbase/Circle to blockchain.info to sportsbook. Create a new blockchain.info account now and then.

Wut? You mean [I know] skip Circle/coinbase and go with blockchain? I know.

[raiders72001]

I posted this in another thread for anyone new to bitcoins.

1. Buy bitcoins through Coinbase.comor Circle.com. Link to bank account.

2. Set up a blockchain.info wallet.

3. Transfer bitcoins from Coinbase or Circle to blockchain.info wallet.

4. Make all deposits and withdrawals between your blockchain.info wallet and sportsbook.

5. To cash out transfer bitcoins from your blockchain.info wallet to Coinbase or Circle.

Misc.

A. Circle and Coinbase start off with fairly low limits that increase with time.

B. Localbitcoins.comis a great place to buy/sell. I've done Paypal transactions as well as depositing into someone's BkofAma account and having them put money in my bank account.

C. With localbitcoins, make sure that you are dealing with someone with a 100% reputation and many transactions. There have been a couple of chargebacks with Paypal/

D. LibertyX has locations where you can buy bitcoins in person. Free up to the first $1000 and 1% after that.

E. It seems very complicated at first but after a couple of transactions, it's very easy.

[ABEHONEST]

If coinbase is linked to your bank, we're talking a total time of ins and outs at likely 10 days before u can fund. Banks are more deliberate I understand. CC's are better...maybe, or I think? Faster is the key with them. However, there has to be a catch there , too?
Coinbase, is what looked at this moring and I said...forget you.

[Buffalo Nickle]

If coinbase is linked to your bank, we're talking a total time of ins and outs at likely 10 days before u can fund. Banks are more deliberate I understand. CC's are better...maybe, or I think? Faster is the key with them. However, there has to be a catch there , too?
Coinbase, is what looked at this moring and I said...forget you.

It's really a problem getting started. Better and easier to use the other methods. Really useful for withdrawals which you only need to have an account set up for.

If you want to take a bonus and haven't used BitCoin before, it's going to be a real pain in the butt.

If you can get a BitCoin bonus, maybe then it is worth the trouble.

[raiders72001]

If coinbase is linked to your bank, we're talking a total time of ins and outs at likely 10 days before u can fund. Banks are more deliberate I understand. CC's are better...maybe, or I think? Faster is the key with them. However, there has to be a catch there , too?
Coinbase, is what looked at this moring and I said...forget you.

A LibertyX location or localbitcoins.com is also an option for you.

[ABEHONEST]

Well, bonuses are pain in the neck at times. I am giving them up time being. Who needs 20 rollover unless you're a gambling fiend.