Bet at 5dimes

Another Bitcoin Question

Capaholic

Well-Known Member
#1
Never dealt with them at withdrawal. Correct me if anything has changed as I've read this multiple places but nowhere recent enough :

Book to Blockchain
Blockchain to Coinbase?
Coinbase? to cash withdrawal or to checking account. Is this right?

Where would someone withdraw if cash? Literally have no clue about bitcoins.

I need to get some large sums out in a few payments.

Thanks in advance. Please bear with my lack of bitcoin experience
 

KJ

Lover of Pussy (Cats)
#2
I don't use it but make sure to monitor the value of buy/sell on the currency, it's been somewhat dramatic the last week. The way I understand it, you can ask for the withdrawal but it can take some time to process. It's priced at $2600 right now but got to below $2200 last week and that will have an effect on your return based on the time of the transaction. Here's a link to follow, I don't know what the time frame is that they process the transactions.

https://www.investing.com/currencies/btc-usd
 

Capaholic

Well-Known Member
#3
Thanks KJ. Good to know. Def up and down a lot recently

Anyone else who has like a step by step process to help it would be greatly appreciated
 

cogenman

Raider Nation for Life
#4
Never dealt with them at withdrawal. Correct me if anything has changed as I've read this multiple places but nowhere recent enough :

Book to Blockchain
Blockchain to Coinbase?
Coinbase? to cash withdrawal or to checking account. Is this right?

Where would someone withdraw if cash? Literally have no clue about bitcoins.

I need to get some large sums out in a few payments.

Thanks in advance. Please bear with my lack of bitcoin experience
I have a Coinbase account. And I have it linked to my savings account. I've only gone one way with it (cash from my savings account to Coinbase) as I invest and buy a crypto token called Ethereum. But I'm sure you can go the other way (Coinbase to your savings account). I've just never done that as I'm all in, in investing.

Here is a screenshot from Coinbase if I wanted to sell BTC. It will give you two options 1. To deposit into a USD wallet on Coinbase. or 2. To deposit into your bank account (i'm showing my Wells Fargo account). I chose 2 so you can see what it looks like, and it would go to my Wells Fargo account if I really did sell. As always though, check with them just make sure. I'm 99.9% sure you can do it, it's just that I haven't because I'm all about investing right now and don't want anything out of bitcoin or ethereum.

View attachment 42684
 

Capaholic

Well-Known Member
#5
Thanks a ton cogenman. I feel confident in coinbase to my account. But I've been told sportsbook directly to coinbase will not work. So if anyone has the missing step, I'd appreciate it.
 

cogenman

Raider Nation for Life
#6
Thanks a ton cogenman. I feel confident in coinbase to my account. But I've been told sportsbook directly to coinbase will not work. So if anyone has the missing step, I'd appreciate it.
I don't ever bet at a sportbook with bitcoin but I would think you'd have to get some type of wallet.

There's a bunch of guys I think at this site that have been paid in BTC by a book so hopefully somebody will chime in soon.
 

scarf31

CTG Elite Moderator
Staff member
#9
FWIW I have gone book to coinbase a number of times.
Glad to hear that there have not been any issues with that process, skibum.

Adding the middle man (wallet in this case) is simply an extra precaution to connecting a US-based company in Coinbase, with an activity that is illegal in the US. I have had multiple people from this board and that I know personally that have done just CB to the books and have been perma-banned from Coinbase. Or at least have gotten subjected to them asking a slew of questions about what you're doing, providing proof and a whole bunch of other things nobody wants to get into.

Simply google "can you send money from coinbase to your sportsbook" and there are people all over all sorts of places that recommend not doing it. But again, to each their own and I'm glad there haven't been any issues.
 

Montanas

Well-Known Member
#10
Never dealt with them at withdrawal. Correct me if anything has changed as I've read this multiple places but nowhere recent enough :

Book to Blockchain
Blockchain to Coinbase?
Coinbase? to cash withdrawal or to checking account. Is this right?

Where would someone withdraw if cash? Literally have no clue about bitcoins.

I need to get some large sums out in a few payments.

Thanks in advance. Please bear with my lack of bitcoin experience
So how did your withdrawal go ? I'm going this route soon wanted to know if it was a easy process.
 
#12
Update[FONT=lucida_granderegular]: As selling volumes accelerate, so one thing is assured... [/FONT]Coinbase is down...

That be a big problem for cryptos, volatility and chaos is an understatement, be careful peeps
 

carolinablue

College Football Guru
#13
I just initiated my first transaction with BC today in preparation for cfb. I am going through the process to get everything set up so I will let you guys know how it goes or if I have any key takeaways from my first-hand experience as a first-timer.
 

carolinablue

College Football Guru
#14
Count me in as officially on the Bitcoin train as once I got over the initial uncertainty of it all, and actually read up on the process, it was by far the simplest, quickest, non fee laden, most user friendly deposit process I have ever encountered. Any questions, feel free to shoot me a message and I will answer anything I can.
 

B.A.R.

CTG Partner
Staff member
#17
Count me in as officially on the Bitcoin train as once I got over the initial uncertainty of it all, and actually read up on the process, it was by far the simplest, quickest, non fee laden, most user friendly deposit process I have ever encountered. Any questions, feel free to shoot me a message and I will answer anything I can.
:shake:
 

JROCK1966

Well-Known Member
#18
I've re-upped a few times with Bitcoin and it's easy and convenient. Have not had the pleasure of a withdrawal yet but I would imagine or at least hope it is just as easy and convenient. Also, you can also send from coinbase to paypal as well for your withdrawals should you feel so inclined.
 

cogenman

Raider Nation for Life
#19
I've re-upped a few times with Bitcoin and it's easy and convenient. Have not had the pleasure of a withdrawal yet but I would imagine or at least hope it is just as easy and convenient. Also, you can also send from coinbase to paypal as well for your withdrawals should you feel so inclined.
Can you? How do you go abouts doing that? I think there's ways to go around to do that but you can't directly do that from Coinbase can you?
 
#20
Yall are taking big risks for the perceived big rewards. Its not an investment when it moved 10% a day or 20% a week. Many technical issues ahead and peeple reaching for that free money.

[FONT=&amp]Bitcoin Price Index





[/FONT]
$ 2,048.14


-9.79% day

-19.05% week

-16.15% month





Open 24H
$ 2,270.25
Total
Ƀ 16,448,837

High 24H
$ 2,283.2
Mkt. Cap
$ 33.69 B

Low 24H
$ 2,009.85
Vol 24H
Ƀ 151,995.1

Last Price
$ 2,048.24
Vol. USD 24H
$ 327,298,039.3
 

cogenman

Raider Nation for Life
#21
The sell off is in anticipation for Segwit 2x. BTC has had scaling issues and everybody is worried it can fork and have two, or maybe even three bitcoins after August 1st. We shall see.
 

cogenman

Raider Nation for Life
#24
Cog, i just saw a twitter handle with the same picture you used to use. Is that a bitcoin thought leader? Crazy weekend in crypto land
The picture is Vitalik Buterin. When most boys are playing tetherball or sports in recess, this guy was into math and programming. Basically he's the inventor of Ethereum, a crypto currency. He invented it at the age of 19. Check out his bio. He's a genius.

https://en.wikipedia.org/wiki/Vitalik_Buterin
 
Top