- Feb 16, 2018
- Total posts
Yeah you are going to need coinbase to buy and cash out, just make sure you don't send the bitcoin directly from coinbase to a poker site, first send it to a wallet like electrum or blockchain and then from there send it on to the poker site and for cashouts the same in reverse send cashout from pokersite to a wallet like electrum or blockchain then from their to coinbase.And, what I mean by best, to clarify, is ease of use. Both deposit and withdrawal. I signed up for an account with coinbase and after sharing my life story with them as well as waiting on the phone for a full 2 hours (I'm stubborn), the rep told me that their policy and terms would be breached if I used bitcoin on gambling sites. Because Bitcoin is a string of contracts beginning with my account in their virtual world. Who reads that shit? He does. hahaha
I know bitcoin can be tracked back but I have had no problem by first sending to a wallet. People have had there accounts banned on Coinbase and before that Circle but Circle stopped doing crypto. I don't know of anyone who has been banned if they use a wallet before they send to a poker site or send to a wallet from a poker site before they send to coinbase. I think just about any site like coinbase that exchanges crypto for dollars is going to have a policy about gambling sites. Bitstamp has same policy and gets you with a fee and a Credit/Debit card fee Then there is Gemini but I have not used them.That is where it gets complicated. All transactions are a continuos string. Therefore, having an unending list of related transactions. With that said, I am reverting to the original question ..... "is there a better way to use Bitcoin and take Coinbase out of the equation?" The Bots (trained humans in this instance) that answer the phone at Ignition encourage the use of Bitcoin, but do not elaborate on the sequence or have cooperative in directing me to specific procedures. If anyone can map it out, I'd be thrilled.
I just saw ignition, I don't play there so I don't know what deposit options they have but cashout would go like this---> Cashout in Bitcoin send to Blockchain wallet okay now you have the bitcoin in your wallet but are worried about sending to coinbase so get a coinbase address for litecoin then go to shapeshift and it will ask the currency you have and one you are switching to so choose correct ones, then it will ask for address you are sending to and a refund address which is your blockchain address in case the transaction doesn't work they refund back to you (never happened to me) just follow instructions on shapeshift, it is pretty easy, after you get done on shapeshift you will get litecoin in your coinbase wallet. Then you can cash it out for dollars to your bank or paypal if they have paypal cash out option fixed on coinbase yet.That is where it gets complicated. All transactions are a continuos string. Therefore, having an unending list of related transactions. With that said, I am reverting to the original question ..... "is there a better way to use Bitcoin and take Coinbase out of the equation?" The Bots (trained humans in this instance) that answer the phone at Ignition encourage the use of Bitcoin, but do not elaborate on the sequence or have cooperative in directing me to specific procedures. If anyone can map it out, I'd be thrilled.
Thanks again for the response "smallfrie". Been signing up with blockchain. lengthy ordeal trying to understand cybercurrency. (?). I'll reread your post later. see you when I'm a bit rested. Chao
LOL, Exactly how do you think a financial institution would get your money into your bank without knowing where to send it? Here is a list of licenses state by state Coinbase has to transmit money https://www.coinbase.com/legal/licenses?locale=en-US Coinbase made over 1 billion in revenue last year, so I guess there are a lot of people who are "out of there mind" huh?Mitch, anyone would have to be totally out of their mind to deal with Coinbase. I've been there and done that. I recieved a 600 dollar payout from Ignition through Bitcoin to my Coinbase wallet. I got it into my wallet with no way of getting it out. I eventually went to overstock and bought something with it, as they take bitcoin for payment. Here is a link to coinbase reviews just to give you a little hint of what this scam operation does to people. https://www.trustpilot.com/review/coinbase.com Pay pal doesn't work there, and to have any hope of cashing out your money you have to first verify your identity, and then give them all of your bank account info, lol. Hmm, what could go wrong right. They have stole millions from people. I have read of many instances of them draining people's accounts dry, and people waiting months to get their money if they end up getting it at all. Very scary outfit. I'm willing to bet they're operating on borrowed time.
I see... now it is cryptocurrency in general, no wait its back to coinbase. This statement in your post makes zero sense "I don't doubt they did over a billion in revenue when they don't allow people to withdrawal their own money, lol." I am not going to debate the merit of cryptocurrency, I use it as a vehicle for short term transactions to get my money off a poker site and it works for me. I don't know how many people have money "stuck" on coinbase and I don't think you do either. Your statements tend to make me believe you don't know a lot about the subject you are posting about but that is okay, I don't know a lot either but I think I know a lot more than you.lol, well yeah, there are a lot of naive individuals out there. They say there's a sucker born every minute. What's amazing is most people can't see what a silly ponzi scheme this is. Do you even have a clue how many tens of thousands of people have money stuck in coinbase, and can't cash out, and coinbase has zero customer support. So, I don't doubt they did over a billion in revenue when they don't allow people to withdrawal their own money, lol. It's a simple scam, you give me real money and I give you cyber monopoly money which is arguably next to worthless as of now anyway, duh! Well, I can't say really worthless, because I actually bought a product with it. Definitely not something I would invest in though, especially with conbase.
Yeah... I think anyone who reads this thread and knows even a little about Coinbase will understand how much you have researched. Insulting people as naive or "anyone would have to be totally out of their mind to deal with Coinbase" or sucker or just young "20 something year old kids" is not a good look. I personally don't see Crypto as a sound investment but I also did not think Apple was a sound investment at under $2 dollars a share in the 1980's. And maybe younger people may know something about this I don't. I know the the guys who originally came up with the idea for FaceBook the Winklevoss twins are in there 30's (I consider that young) and they seem to have the opinion that cryptocurrency is the currency of the future and a great investment. I personally think that someone is eventually going to end up holding the bag but I am not going to insult those with another opinion based on their age or intellect, especially when there are some very young highly intellectual tech savvy people who see something in crypto that I don't and many of those people not all don't have a hint of scandal or criminal behavior in their background.smallfrie, I don't claim to know everything about crypto, but when a buisness has a over 80 percent disapproval rating do you really need to know everything, lol. I can assure you i've researched crypto currency, and wallets much more in depth than you have, but I can see how there would be a lot of 20 something year old kids who would be quick to jump on the scam train. I was the same way when I was in my 20's some of the things I would buy into were comical. How an educated adult could actually invest a significant amount of money in crypto is well, a bit sad. If you're just transferring small amounts to and from poker sites maybe it'll work out for you that is if you don't get recognized and have your account locked. Do you not realize the reason people can't cash out there own money, significant amounts of money that is, is because they don't have the money to pay them. They more than likely have deposited people's money into foreign accounts. Their money is gone. It's a ponzi scheme, and an obvious one at that.
Okay now I know for sure you know very little about it and have done little research. You can literally buy every item with crypto that you listed. Yes you can buy a house with crypto, , yes you can buy a car with it, yes you can buy land with it, yes you can buy groceries with it, yes you can pay for medical expenses with some providers with it, same with dental. It is almost like you know nothing at all on this subject and have done no research at all. I am the only one who has posted any facts, so I don't know how you come off thinking I don't like facts.smallfrie, I see you don't like to read facts, but that's ok. The best way to learn is to find out for yourself. No intelligent person invests in crypto, lol, and definitely not coinbase wallet. Where is the appeal of crypto? Can you buy a house with it, a car, land, groceries, medical expenses. It's nothing more than money laundering for gambling addicts that is if you're lucky enough to turn it into money, lol. What you need to do is READ FACTS, and LEARN. I can assure there are a lot of people right now that wished they did before they jumped into crypto and conbase. Who knows maybe one day it will have some merit, but as of now where is the appeal? Looking forward to your response.
lmao, ok now I know I'm dealing with someone very "special". Your avatar says a lot, lol. Which part of mars can you buy all of that with crypto currency, lol. I will say this is entertaining anyway.
There are also visa debit cards you can use anywhere Visa is accepted for purchasing anything and the currency is taken from your bitcoin balance and the merchant is paid in whatever currency they use. So you can pretty much by anything with bitcoin.lol, not even 10 places on each list in the entire U.S. Have to admit that doesn't sway my opinion much. I guess you could always reach an agreement with an individual person or company if they were willing to accept bitcoin as payment. I'm talking of more generally speaking. In the whole scheme of things it just doesn't have much merit as of now.
I have not insulted anyone and here is another fact you just said in your last post "The only thing I said was you'd have to be out of your mind to deal with coinbase" that however is not true you have said much more...smallfrie, and you weren't insulting? The only thing I said was you'd have to be out of your mind to deal with coinbase after reading all the reviews, and having over an 80 percent disapproval rating. Like george costanza said on Seinfield "it's not a lie if you believe it", lol. To each his own I guess. Good luck to ya.