Did you know you can earn CLchips to spend in our shop just by posting in our forums?
uspopinhere
FreerollerFreeroller
▼
Joined: 29 May 2018
Posts: 9
28 June 2018 - 11:39am

Bitcoin

9 replies • Last post

Recommended Casinos

LogoRoaring 21 CasinoPlay
LogoSlots.lvPlay
LogoEverygame CasinoPlay

I am wondering if the majority use bitcoin and which wallet is the best to use? I know little about bitcoin so I am shying away from it. I would covert it to USD if that matters on which to use

bgsharpe
Forum AngelForum Angel
sharpe's picture ▼
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7642
Thanks given: 4239
Thanks received: 1165
28 June 2018 - 12:37pm
#1

Check the Bitcoin thread here at CL man, maybe you could find what you're looking for there,

https://www.casinolistings.com/forum/general/general-chat/33304/bitcoin

usReckless Bets
Silver PlayerSilver Player
Reckless Bets's picture ▼
Location: United States
Joined: 5 Jul 2016
Posts: 489
Thanks given: 31
Thanks received: 375
29 June 2018 - 11:37am
#2

Coinbase banned me for using BTC in this manner. Plus the way US taxes BTC is completely nonsensical if you're going to be gambling with it and can screw you over.

Not worth it IMO.

ayang95

auCL-Ed
StaffStaff
CL-Ed's picture ▼
Location: Sydney
Joined: 7 Sep 2007
Posts: 10381
Thanks given: 6269
Thanks received: 5341
2 July 2018 - 5:47am
#3

Really you should have your own Bitcoin wallet that only you control. If you use Coinbase or other exchange to buy Bitcoin then send the money to your own wallet once you have bought it and then they could not care less what you do with it.

ayang95

Always play it safe! Consult our list of rogue casinos and warnings before depositing at a new casino.
Post in our forums to earn CLchips which can be used to buy real prizes in our CLchips shop.

caWaroftheGods
Slots FanSlots Fan
WaroftheGods's picture ▼
Location: Calgary
Joined: 27 Sep 2017
Posts: 1240
Thanks given: 545
Thanks received: 1190
2 July 2018 - 7:21am
#4

I didn't like coinbase and deleted my account with them soon after I registered. Isn't BTC crashing hard right now anyhow? Should anyone be buying it these,.?

uspopinhere
FreerollerFreeroller
▼
Joined: 29 May 2018
Posts: 9
2 July 2018 - 12:03pm
#5

So if I took a withdrawal in bitcoin it would go to my wallet and then I would sell it to an exchange? Is coinbase an exchange and a wallet? Sorry none of this is making sense to me.

bgsharpe
Forum AngelForum Angel
sharpe's picture ▼
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7642
Thanks given: 4239
Thanks received: 1165
2 July 2018 - 3:34pm
#6
popinhere wrote:

Is coinbase an exchange and a wallet?.

Yes it is, you can sell your coins there and withdraw the funds to your bank account. Make sure your bank account is verified at the site before that.

popinhere wrote:

Sorry none of this is making sense to me.

I think the guys above made it pretty clear but you could ask again if you're not sure about anything.

uspopinhere
FreerollerFreeroller
▼
Joined: 29 May 2018
Posts: 9
2 July 2018 - 3:59pm
#7

Thank you for your 2 cents and commentary

usReckless Bets
Silver PlayerSilver Player
Reckless Bets's picture ▼
Location: United States
Joined: 5 Jul 2016
Posts: 489
Thanks given: 31
Thanks received: 375
3 July 2018 - 11:50am
#8

An exchange lets you convert between $ and Bitcoin or other cryptocurrency. You also need a wallet to store yours in. Coinbase, like most exchanges, offer both.

I did have my own personal wallet and I would frequently use it as an intermediary (though not 100%), but apparently Coinbase still questioned my activity.

usscienmay
NewbieNewbie
▼
Joined: 21 Sep 2018
Posts: 4
21 September 2018 - 11:32am
#9

As I understand, you don’t have a lot of BTC? Then any reliable online wallet will be fine. Also, you can use desktop apps or even mobile wallets such as Jaxx or Exodus. But if you want to keep money safe (say, you have more than 5 BTC and want to protect them from hackers), order a Trezor or Ledger Nano S. These hardware devices totally protected from scammers or frauds because they never connect to the Internet. They are less convenient for regular usage, although.