Bitcoin question

BLUEDEVIL2009 · Jan 20, 2016

Can anyone tell me how Bitcoin works? Is there a way to get the Bitcoin currency sent to my bank account? Thanks in advance

BLUEDEVIL2009 · Jan 21, 2016

No one knows?

devocr · Jan 21, 2016

BLUEDEVIL2009 said:
No one knows?

Everfresh will answer your questions as soon he see the post.

BLUEDEVIL2009 · Jan 21, 2016

Thanks

raiders72 · Jan 21, 2016

BLUEDEVIL2009 said:
Can anyone tell me how Bitcoin works? Is there a way to get the Bitcoin currency sent to my bank account? Thanks in advance

1. Buy bitcoins through Coinbase.com or 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.

6. Transfer from Coinbase/Circle to bank.

Misc.

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

B. Localbitcoins.com is a great place to buy/sell. I've done ****** 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 ******.

D. LibertyX has locations where you can buy bitcoins in person.

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

bounceback · Jan 21, 2016

Raiders is the man you want to talk to but ^ that post explains the basics. I just set up bitcoin and its very easy.

terps1313 · Dec 13, 2016

I finally just set up bitcoin. It took 3 days to verify my bank account and now it takes another 4-5 business days for my buy to appear in my coinbase wallet? I was under the impression this was instant.

FearTheRaven · Dec 13, 2016

terps1313 said:
I finally just set up bitcoin. It took 3 days to verify my bank account and now it takes another 4-5 business days for my buy to appear in my coinbase wallet? I was under the impression this was instant.

Add a credit or debit card to your account and you should then have instant buys.

terps1313 · Dec 13, 2016

FearTheRaven said:
Add a credit or debit card to your account and you should then have instant buys.

Thanks saw that but it only gives me a weekly limit of $150. Is this standard?

spiderwebb1983 · Dec 13, 2016

terps1313 said:
Thanks saw that but it only gives me a weekly limit of $150. Is this standard?

The limits will go up if you go through the verification steps it wants and then the more you use it the higher the limits go

nonsense1970 · Dec 13, 2016

Does anyone have any suggestions besides circle and coinbase? I used circle and liked them but they recently suspended my acct and have not responded with the reason. I don't know much about coinbase.

terps1313 · Dec 13, 2016

spiderwebb1983 said:
The limits will go up if you go through the verification steps it wants and then the more you use it the higher the limits go

OK thanks

midnightpirate85 · Dec 13, 2016

Couple of debit.cards out there...

TheWolf · Feb 25, 2017

OK, proceeding to withdrawal using bitcoin for first time...

I have a coin box and block chain acct now.

5D is asking for a bitcoin address???? What am I supposed to enter here?

drpugilist · Feb 25, 2017

The Wolf said:
OK, proceeding to withdrawal using bitcoin for first time...

I have a coin box and block chain acct now.

5D is asking for a bitcoin address???? What am I supposed to enter here?

do they not have a customer service number? im sure they can walk youu through it. trust me if i can do it, surely you can as well. basically send them your bitcoin wallet address and vice versa its not hard

raiders72 · Feb 26, 2017

The Wolf said:
OK, proceeding to withdrawal using bitcoin for first time...

I have a coin box and block chain acct now.

5D is asking for a bitcoin address???? What am I supposed to enter here?

Click "receive" on your blockchain.info account. It will generate a long string of numbers and letters. That is your bitcoin address.

TheWolf · Mar 4, 2017

raiders72 said:
Click "receive" on your blockchain.info account. It will generate a long string of numbers and letters. That is your bitcoin address.

Exactly what I needed Raiders......Thank You.

Now, once the money appears in my blockchain, how do I get it to Coinbase? TIA for all of your help on these boards. Greatly appreciated.

joebatters · Mar 4, 2017

I might finally try to start using this method too. I guess I've been intimidated because it seems so complicated, and I was hesitant to link it to a cc and all that.
But depositing any other way has gotten to be a huge pia. thanks for the help on here.

NoCoke · Mar 4, 2017

The Wolf said:
Exactly what I needed Raiders......Thank You.

Now, once the money appears in my blockchain, how do I get it to Coinbase? TIA for all of your help on these boards. Greatly appreciated.

Same thing. Get your coinbase address, then go to "send" on blockchain and enter in your coinbase address.

TheWolf · Mar 9, 2017

I cannot get this to go through at 5D!!!

Where it says enter your bitcoin address what am I supposed to enter there?

Ive entered my wallet # and the transaction # from blockchain.info but I keep getting rejected b/c 5D says the bitcoin address doesnt match my wallet #???

I feel so lost with this being new. Any help is appreciated.