uspopinhere
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28 June 2018 - 11:39am

Bitcoin

9 replies • Last post

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
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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
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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
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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

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caWaroftheGods
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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
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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
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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
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2 July 2018 - 3:59pm
#7

Thank you for your 2 cents and commentary

usReckless Bets
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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
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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.

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