I want to start a account and buy some bitcoins to make deposits to pokersites I did research but still need a little more info on right or wrong bank or wallet there is so many and is it really worth it? And has anyone else used them to deposit and was it as easy as they say it is? Any info you guys can give me will help just not sold on them yet!!!
I will give you some information from personal experience only. Okay I have a COINBASE account. It is totally legit linked to bank account. I have bought bitcoin and sold bitcoin using both my bank debit and ACH transfer of dollars back to bank as well as from bank. The problem I have is for some reason the Coinbase weekly purchase limit for "Debit Cards" is low (under $100), and that is the only 'instant" way to pay for bitcoin in the account. The Coinbase ACH transfer weekly purchase limit from checking is higher but it takes 3 to 5 business days to complete so you won't have bitcoin to deposit for 3 to 5 days with that method and this is the only option to receive money back to your bank account when you cash out the bitcoins in COINBASE (I don't have any weekly limit problem for the cashout so that is cool).
If you deposit or send bitcoin directly to or from a poker site from your COINBASE account your COINBASE account will be terminated. So you must first send and receive through another wallet. I use Blockchain.com you can set up a wallet there for free and send and receive or store bitcoin. Sending and receiving cost a small percentage so small I don't keep track it is literally pennies.
I have also set up an account but have not used it with GEMINI, another totally legit firm founded by the Winklevoss twin brothers, you may remember them as the brothers who came up with the idea for Facebook and lost it to Zuckerburg. GEMINI is similar to COINBASE but they do not offer debit card purchase so it will be 3 to 5 days. And you can assume your account will be banned for sending or receiving directly from poker sites like COINBASE.
Okay... It is easy and can be fast to deposit but I have found it is going to be 3 to 5 days to have the money in your bank account after you receive it from poker site.
After you set up COINBASE and BLOCKCHAIN accounts and send coinbase all the id information it is pretty easy to send and receive.
Here is a hypothetical. You want to deposit to ACR open your Coinbase account and buy instantly with debit or wait 3 to 5 days with ACH, after you have the bitcoins in your account open ACR and request a deposit. ACR will ask for deposit amount and will give you a BTC address to send funds to and a BTC total. Now open Blockchain and click receive bitcoin and they will give you an address, go to Coinbase and click send you will be asked for an address and amount, copy the address Blockchain gave you and enter the amount and confirm and your bitcoin will be sent to Blockchain. Once it arrives usually in a few minutes or less. Click send in Blockchain and enter the address and amount that ACR gave you (cut and paste) then confirm and your bitcoin will be sent and ACR will convert to cash in your account.
The process for withdrawal would be pretty much the same only in reverse order. I know this probably sounds convoluted but it is really quick and easy after you get the hang of it. Also Withdrawals from ACR/WPN usually take 1 or 2 days to approve so add that to your time frame.
There are a bunch of other ways to buy and sell bitcoin many have hidden fees and some are outrageous, so if you want low fees try my way and once you get the hang of it you can google and try other stuff if you want.
Hope this helps