Bitcoin question

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Sep 11, 2010
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I have accumulated some winnings and was thinking of trying to cash out via bitcoin. Could someone explain to me on how this all works? They site that I won on recommended for me to use blockchain or coinbase. DO you withdrawl via bitcoin to these sites then transfer the money to your bank account or whats the deal?? the whole bitcoin thing is new to me
 

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Buy on gdax- it has lower fees than Coinbase but is the same company. Depending on how much you buy, you can either leave it on the gdax/Coinbase exchange, or you will want to transfer it to a wallet (if you’re buying large amounts). Using credit card will allow you to purchase the coins instantly as opposed to using a debit card (transaction takes several days).
 

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Buy on gdax- it has lower fees than Coinbase but is the same company. Depending on how much you buy, you can either leave it on the gdax/Coinbase exchange, or you will want to transfer it to a wallet (if you’re buying large amounts). Using credit card will allow you to purchase the coins instantly as opposed to using a debit card (transaction takes several days).
lol this has nothing to do with his question..

I use coinbase to sell to bank account. Sure theres fees but its the easiest way.
 

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I have accumulated some winnings and was thinking of trying to cash out via bitcoin. Could someone explain to me on how this all works? They site that I won on recommended for me to use blockchain or coinbase. DO you withdrawl via bitcoin to these sites then transfer the money to your bank account or whats the deal?? the whole bitcoin thing is new to me

Even easier to download bread wallet on your smartphone.
Open a KuCoin account then transfer your BTC to KuCoin then buy VEN with your BTC VeChain, currently trading around $6.40 USD.
im certain that VEN/VET will trade for over $50 by October latest. Potentially $100+ coin
 
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Another dumb question. Once I get it into my coinbase. Am I able to convert it to cash today? I'm completely clueless on this bitcoin stuff
 

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