Page 1 of 2 12 LastLast
Results 1 to 20 of 33

Thread: Looking For Bitcoin Advice

  1. #1
    I want to start buying bitcoin. I'm a complete novice and don't want to get screwed. So I'm looking for advice from any of you that know anything about it.

    First question: Is Coinbase okay or should I buy somewhere else?

    2nd question: Can I buy bitcoin with a credit card?
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  2. #2
    You will get raped with fees if you use a credit card.

    What state are you in right now, and how soon do you need the bitcoin? Binance is the best one in the US fee-wise, but it has a few weaknesses, including not being licensed in some states.

    Also, in the meantime, go get a free blockchain.com account, if you're planning to use them for gambling at all.
    Check out my poker forum, and weekly internet radio show at http://pokerfraudalert.com

  3. #3
    I'm also new to crypto but yeah I use coinbase.

    From what I can tell, you cannot use a credit card. The options they offer for funding are bank, debit card, or wire. You can withdraw to your paypal account too.

    Currently, the max I can purchase with my debit card is $750, and when I had originally signed up I think the max was like $300-$500. It says I can withdraw up to $25k using my bank info, though the first time I did that it took 5-6 days for me to be able to access/trade the btc.

  4. #4
    Originally Posted by mickeycrimm View Post
    I want to start buying bitcoin. I'm a complete novice and don't want to get screwed. So I'm looking for advice from any of you that know anything about it.

    First question: Is Coinbase okay or should I buy somewhere else?

    2nd question: Can I buy bitcoin with a credit card?
    Check with Axel, he knows a lot about it.

  5. #5
    Originally Posted by mickeycrimm View Post
    I want to start buying bitcoin. I'm a complete novice and don't want to get screwed. So I'm looking for advice from any of you that know anything about it.

    First question: Is Coinbase okay or should I buy somewhere else?

    2nd question: Can I buy bitcoin with a credit card?
    I started out with coinbase because that's where I was recommended(it wasn't the best recommendation). It was certainly easy to set up, it's probably one of the most reputable and well-known. They do require a photo ID and I believe they wanted a selfie as well.

    I ran into some small limit problems when I attached my debit card. I think I could only by like $5- twenty bucks worth at the beginning. Eventually, they rose my limits, I'm not even sure how much I can buy at this point. When I bought with a credit card there seemed to be a fairly big delay from the time I made the purchase to the time and actually got hit my coinbase account, I can't recall exactly how long, but it was more than 24 hours. I was able to purchase $2,000 worth using my credit card.
    (Unfortunately, I got f***** out of that $2,000 which would have doubled at this point. I'll explain later how I got f*****. )

    As Dan pointed out, Buying and selling crypto on coinbase kind of sucks with the fees, but it's not a complete go breaker if you're not constantly buying and selling and depositing and cashing out. Don't let buying and selling crypto be confused with transferring crypto to and from casinos or other wallets. I haven't noticed unusually high transferring fees. In my opinion you're better off finding someone to sell you cryptocurrency privately and save all the fees, ditto for when selling it.
    I heard Robinhood is good, but I have no idea if that's the case.

    I have yet to have a problem depositing or withdrawing from an online casino to coinbase. I do know a few people that have had a small issue using it for online gambling, I think that issue consisted of a warning. Coinbase is supposed to comply with all us regulations. From my understanding they can potentially track whatever you're doing.


    Soon after I got into crypto I purchased two Trezor Hardware Wallets, I think they cost about 50 bucks. I think that's one of the safest way to keep and use cryptocurrency and remain anonymous(depending on how you purchase the crypto)

    Depending on what you're doing you might need wash/ mix your cryptocurrency so it doesn't look like it's coming from the same person/ people. That's not so easy to do when you're using a hard wallet(you can use a mixing service). Coinbase naturally mixes up coins so you get to avoid that step.

    How I got f***** out of $2,000. I had my brother purchased me some more Bitcoin somewhere in the $4800 range when it dropped. When my brother went to send me my Bitcoin, but it didn't seem to arrive. I told him to send me the Bitcoin address he sent it to. When I looked at the address he sent it to and looked at the address I told him to send it to it wasn't even close(I like, how can you f****** a copy and paste?). After doing some investigation, it turns out he had a virus on his computer that switches any Bitcoin address once you paste it anywhere. SO ALWAYS CHECK THE BTC ADDRESSES BEFORE YOU HIT SEND.

    And here's the thing, my brother is very meticulous at running virus scans and malware protection with a fire law and all that with this computer. Even after words he still couldn't find and delete the virus he had to do a completely format of this computer.

    If you're just doing some online casinos I don't think there's anything wrong with starting off with coinbase it's fairly easy to use and the fee shouldn't hurt you too bad if you have a fairly good bonus or whatever you're doing online.

    Also you can advance to coinbase Pro for free and the fees are a lot less on coinbase Pro if you're doing any kind of crypto Trading.

    I'm far from a Bitcoin expert, I still learn stuff as I'm going there's a chance that I have no clue what I'm f****** talking about. I would love for someone else to chime in had some advice or correct anything I had to say.

  6. #6
    Originally Posted by Dan Druff View Post
    You will get raped with fees if you use a credit card.

    What state are you in right now, and how soon do you need the bitcoin? Binance is the best one in the US fee-wise, but it has a few weaknesses, including not being licensed in some states.

    Also, in the meantime, go get a free blockchain.com account, if you're planning to use them for gambling at all.
    I'm in Montana which is where I live. I'll check out blockchain. Thanx.
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  7. #7
    Originally Posted by straightandhatingit View Post
    I'm also new to crypto but yeah I use coinbase.

    From what I can tell, you cannot use a credit card. The options they offer for funding are bank, debit card, or wire. You can withdraw to your paypal account too.

    Currently, the max I can purchase with my debit card is $750, and when I had originally signed up I think the max was like $300-$500. It says I can withdraw up to $25k using my bank info, though the first time I did that it took 5-6 days for me to be able to access/trade the btc.
    I have a bank savings account which I use to pay my bills online.

    Besides credit cards I have two pre-paid debit cards. One is American Express Bluebird the other is Visa. These are not debit cards from my bank. I make deposits on them both at Walmart. Will they work?
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  8. #8
    Originally Posted by AxelWolf View Post
    Originally Posted by mickeycrimm View Post
    I want to start buying bitcoin. I'm a complete novice and don't want to get screwed. So I'm looking for advice from any of you that know anything about it.

    First question: Is Coinbase okay or should I buy somewhere else?

    2nd question: Can I buy bitcoin with a credit card?
    I started out with coinbase because that's where I was recommended(it wasn't the best recommendation). It was certainly easy to set up, it's probably one of the most reputable and well-known. They do require a photo ID and I believe they wanted a selfie as well.

    I ran into some small limit problems when I attached my debit card. I think I could only by like $5- twenty bucks worth at the beginning. Eventually, they rose my limits, I'm not even sure how much I can buy at this point. When I bought with a credit card there seemed to be a fairly big delay from the time I made the purchase to the time and actually got hit my coinbase account, I can't recall exactly how long, but it was more than 24 hours. I was able to purchase $2,000 worth using my credit card.
    (Unfortunately, I got f***** out of that $2,000 which would have doubled at this point. I'll explain later how I got f*****. )

    As Dan pointed out, Buying and selling crypto on coinbase kind of sucks with the fees, but it's not a complete go breaker if you're not constantly buying and selling and depositing and cashing out. Don't let buying and selling crypto be confused with transferring crypto to and from casinos or other wallets. I haven't noticed unusually high transferring fees. In my opinion you're better off finding someone to sell you cryptocurrency privately and save all the fees, ditto for when selling it.
    I heard Robinhood is good, but I have no idea if that's the case.

    I have yet to have a problem depositing or withdrawing from an online casino to coinbase. I do know a few people that have had a small issue using it for online gambling, I think that issue consisted of a warning. Coinbase is supposed to comply with all us regulations. From my understanding they can potentially track whatever you're doing.


    Soon after I got into crypto I purchased two Trezor Hardware Wallets, I think they cost about 50 bucks. I think that's one of the safest way to keep and use cryptocurrency and remain anonymous(depending on how you purchase the crypto)

    Depending on what you're doing you might need wash/ mix your cryptocurrency so it doesn't look like it's coming from the same person/ people. That's not so easy to do when you're using a hard wallet(you can use a mixing service). Coinbase naturally mixes up coins so you get to avoid that step.

    How I got f***** out of $2,000. I had my brother purchased me some more Bitcoin somewhere in the $4800 range when it dropped. When my brother went to send me my Bitcoin, but it didn't seem to arrive. I told him to send me the Bitcoin address he sent it to. When I looked at the address he sent it to and looked at the address I told him to send it to it wasn't even close(I like, how can you f****** a copy and paste?). After doing some investigation, it turns out he had a virus on his computer that switches any Bitcoin address once you paste it anywhere. SO ALWAYS CHECK THE BTC ADDRESSES BEFORE YOU HIT SEND.

    And here's the thing, my brother is very meticulous at running virus scans and malware protection with a fire law and all that with this computer. Even after words he still couldn't find and delete the virus he had to do a completely format of this computer.

    If you're just doing some online casinos I don't think there's anything wrong with starting off with coinbase it's fairly easy to use and the fee shouldn't hurt you too bad if you have a fairly good bonus or whatever you're doing online.

    Also you can advance to coinbase Pro for free and the fees are a lot less on coinbase Pro if you're doing any kind of crypto Trading.

    I'm far from a Bitcoin expert, I still learn stuff as I'm going there's a chance that I have no clue what I'm f****** talking about. I would love for someone else to chime in had some advice or correct anything I had to say.
    Thanks, axel, for the info. I don't plan on doing a lot of bitcoin transactions or working online casino promotions. What I would like to be able to do is occasionally turn money from Bovada and Ignition into bitcoin and sell it for cash. Is that feasible?

    And I want to work America's Cardroom into the mix.
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  9. #9
    Originally Posted by Dan Druff View Post
    You will get raped with fees if you use a credit card.

    What state are you in right now, and how soon do you need the bitcoin? Binance is the best one in the US fee-wise, but it has a few weaknesses, including not being licensed in some states.

    Also, in the meantime, go get a free blockchain.com account, if you're planning to use them for gambling at all.
    What is the best way to keep the fee's down?
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  10. #10
    Originally Posted by mickeycrimm View Post
    Originally Posted by AxelWolf View Post
    Originally Posted by mickeycrimm View Post
    I want to start buying bitcoin. I'm a complete novice and don't want to get screwed. So I'm looking for advice from any of you that know anything about it.

    First question: Is Coinbase okay or should I buy somewhere else?

    2nd question: Can I buy bitcoin with a credit card?
    I started out with coinbase because that's where I was recommended(it wasn't the best recommendation). It was certainly easy to set up, it's probably one of the most reputable and well-known. They do require a photo ID and I believe they wanted a selfie as well.

    I ran into some small limit problems when I attached my debit card. I think I could only by like $5- twenty bucks worth at the beginning. Eventually, they rose my limits, I'm not even sure how much I can buy at this point. When I bought with a credit card there seemed to be a fairly big delay from the time I made the purchase to the time and actually got hit my coinbase account, I can't recall exactly how long, but it was more than 24 hours. I was able to purchase $2,000 worth using my credit card.
    (Unfortunately, I got f***** out of that $2,000 which would have doubled at this point. I'll explain later how I got f*****. )

    As Dan pointed out, Buying and selling crypto on coinbase kind of sucks with the fees, but it's not a complete go breaker if you're not constantly buying and selling and depositing and cashing out. Don't let buying and selling crypto be confused with transferring crypto to and from casinos or other wallets. I haven't noticed unusually high transferring fees. In my opinion you're better off finding someone to sell you cryptocurrency privately and save all the fees, ditto for when selling it.
    I heard Robinhood is good, but I have no idea if that's the case.

    I have yet to have a problem depositing or withdrawing from an online casino to coinbase. I do know a few people that have had a small issue using it for online gambling, I think that issue consisted of a warning. Coinbase is supposed to comply with all us regulations. From my understanding they can potentially track whatever you're doing.


    Soon after I got into crypto I purchased two Trezor Hardware Wallets, I think they cost about 50 bucks. I think that's one of the safest way to keep and use cryptocurrency and remain anonymous(depending on how you purchase the crypto)

    Depending on what you're doing you might need wash/ mix your cryptocurrency so it doesn't look like it's coming from the same person/ people. That's not so easy to do when you're using a hard wallet(you can use a mixing service). Coinbase naturally mixes up coins so you get to avoid that step.

    How I got f***** out of $2,000. I had my brother purchased me some more Bitcoin somewhere in the $4800 range when it dropped. When my brother went to send me my Bitcoin, but it didn't seem to arrive. I told him to send me the Bitcoin address he sent it to. When I looked at the address he sent it to and looked at the address I told him to send it to it wasn't even close(I like, how can you f****** a copy and paste?). After doing some investigation, it turns out he had a virus on his computer that switches any Bitcoin address once you paste it anywhere. SO ALWAYS CHECK THE BTC ADDRESSES BEFORE YOU HIT SEND.

    And here's the thing, my brother is very meticulous at running virus scans and malware protection with a fire law and all that with this computer. Even after words he still couldn't find and delete the virus he had to do a completely format of this computer.

    If you're just doing some online casinos I don't think there's anything wrong with starting off with coinbase it's fairly easy to use and the fee shouldn't hurt you too bad if you have a fairly good bonus or whatever you're doing online.

    Also you can advance to coinbase Pro for free and the fees are a lot less on coinbase Pro if you're doing any kind of crypto Trading.

    I'm far from a Bitcoin expert, I still learn stuff as I'm going there's a chance that I have no clue what I'm f****** talking about. I would love for someone else to chime in had some advice or correct anything I had to say.
    Thanks, axel, for the info. I don't plan on doing a lot of bitcoin transactions or working online casino promotions. What I would like to be able to do is occasionally turn money from Bovada and Ignition into bitcoin and sell it for cash. Is that feasible?

    And I want to work America's Cardroom into the mix.
    YES. Casino Bonuses or poker basically the same. However, some places wont let you withdraw to BTC unless that's how you deposited in the first place. perhaps a small BTC deposit will then allow you to cash it all out.

    There something called Paxful that allows bluebird to buy BTC fairly fast. I have never used it so I'm not sure what the fees are.

    Once you have a Bitcoin wallet you can always send a receive Bitcoin to that wallet without much fees at all. It's the buying, selling and transferring to your bank account that becomes complicated and that's where the fees really come in.

    You can always keep the Bitcoin on the exchange in "cash" just like a bank account in order to avoid the Bitcoin roller coaster. As soon as your Bitcoin comes in you just sell it and it stays on the exchange in your "cash" account. When you want to make a deposit to the casino you would just simply use your coinbase account and buy some Bitcoin and send it in. You can get Get coinbase Pro(its free) and avoid the high fees since they are free trades based on limit orders.


    I would also like to point out when we talk about high fees it's between 1 1/2 and 3%.
    With your coinbase account they actually allow you to earn free cryptocurrency by watching a few Quick videos and answering like 4 easy questions. I'm not sure exactly how much I've earned, but I think it's been about two hundred bucks. You can also transfer it to a
    stable-coin(the name kind of says it all, it basically has the same value of a regular currency)

    If you set up a wallet I'm willing to sell you some of my Bitcoin, it's all Anonymous so that's a good thing. You would have to send me the money via PayPal, check or money order to be completely anonymous.
    It's never too hard to find a private buyer for BTC especially if it's small amounts as long as you trust that person it's all good. That basically avoids all fees(there's a very small tiny miners fee, but you're never going to be able to avoid that from what I understand, we're talking pennies)
    Last edited by AxelWolf; 05-02-2020 at 02:13 PM.

  11. #11
    All that info creates the vision of a lot of hard work along with some anxiety. I have a new respect for what it takes to do online betting with a reasonable expectation of getting paid.

  12. #12
    Originally Posted by Rob.Singer View Post
    All that info creates the vision of a lot of hard work along with some anxiety. I have a new respect for what it takes to do online betting with a reasonable expectation of getting paid.
    Well said, that's the impression I've always gotten with online casinos. Not worth the hassles and headaches, compared to brick&mortars.

  13. #13
    Originally Posted by Rob.Singer View Post
    All that info creates the vision of a lot of hard work along with some anxiety. I have a new respect for what it takes to do online betting with a reasonable expectation of getting paid.
    That's just getting the cryptocurrency set up.

  14. #14
    Guys have made about half of what Rob claims to have made on the double up bug in about 4 or 5 hours play. And that's not getting lucky hitting some big jackpot or Great Run it was because of a significantly huge value. Unfortunately, for me, at the time I was skeptical not realize a key element of how the promotion worked(I assumed you got your bonuses immediately and could keep playing with those bonuses never having to deposit again, however you didn't get your bonuses until after so your money had to run out and you could no longer play or scale up) if I recall correctly between five of us we made over $60,000. My investment was like $1,200.

  15. #15
    Guys, do NOT use Coinbase if you can use Binance.

    Don't!!

    The fees for Coinbase are WAY higher.

    Also, never send from Coinbase or any other legal US exchange to gambling sites, or they will eventually close your account

    You need a blockchain.com account to act as the "middleman" for such transactions. The blockchain account is free. Seriously, Axel, you should do this. You are going to find your account closed soon enough, and there's no way to appeal it.
    Check out my poker forum, and weekly internet radio show at http://pokerfraudalert.com

  16. #16
    So here's my honest review of binance.us:

    Fees: Excellent
    Reputation: Excellent
    Cryptos supported: Excellent
    Transaction speed: Good
    Website: Good
    Withdrawal process: Good
    Deposit process: Okay
    Signup ease: Okay
    Customer service: Not very good

    0.1% fees on buys or sells, which is great. That means you can sell $10k worth of BTC for $10. It's negligible. Compare that to 2% for Gemini and Coinbase, which would cost you $200 for the same transaction. Wow.

    Deposits have no fees. Withdrawals in BTC or taking out cash via ACH is also free. The one dumb thing is that each ACH has a maximum of $5k, but you can do multiple transactions. I did ACH transactions on there recently and it hit my bank with no problem, after a few days.

    Binance has a good reputation, is now regulated in 37 US states, and is unlikely to run off with your $ or BTC.

    They support a ton of different cryptocurrencies, so you can buy/sell/trade other cryptos besides BTC. Very nice feature.

    The website can be a bit confusing, but once you're used to it, all of the functions you need to buy and sell crypto (including for US dollars) are there.

    The initial identity verification process can be a bit slow, so give it a day or so to complete. They claim much of it takes "1 minute" or "1-5 minutes", yet I found that not to be true. I got stuck on Step #2, and it took a day to get verified. Not sure why they claim "1-5 minutes" when it wasn't at all. It's a one-time process, though, so once you've gotten that out of the way, you won't have to deal with it again.

    The customer service sucks. That's the one downside. It is very slow, and sometimes I don't even get an answer. Funny enough, my two questions actually resolved themselves before they found the time to answer me days later. That's good... I guess. But if you need help from customer support, don't expect much.

    Do I recommend Binance? Yes.

    Note that the following states CANNOT use Binance US: Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington. If you are in any other state, you CAN use Binance legally.

    Do you want to sign up and get $15?

    Use this link: https://www.binance.us/?ref=35029165

    Or if it asks for a referral code, just enter 35029165.

    This will help both of us. We will each get $15 when you fully verify your account (even if you don't deposit any BTC or money). However, you need to make $100 worth of trades on their platform before you can withdraw the money. However, these trades can all be with that $15 you were given, so it really is zero risk.

    Important: If you are planning upon depositing with ACH or E-Check, you will need to wait 10 days before taking any crypto you buy off the site! This restriction does NOT apply to wire transfer deposits or deposits via any cryptocurrency. So if your plan is to buy crypto using ACH or e-checks, Binance probably isn't the best option for you, unless you have 10 days to wait. Read their policy on deposits for more info.

    You will also get your own referral code, but please don't post it on this forum. This is my site, so I'm only allowing my own referral code to be posted here.

    This review is honest. I wouldn't bullshit you guys and steer you toward a service I don't personally use.
    Check out my poker forum, and weekly internet radio show at http://pokerfraudalert.com

  17. #17
    To get started I had bought a walmart visa gift card and then used Paxful to purchase bitcoin with it. However now Paxful requires identify verification so I closed my account since whole point of this is anonymity and ease of use at offshore online casinos. The website shapeshift.com claims to allow you to simply use a visa debit card (visa gift cards probably won't work so I wouldn't try it) to purchase bitcoin with no identity verification, but I haven't tried it. hodlhodl.com allows you to buy and sell bitcoin without any identity verification (just open up an account under an alias I guess), but I haven't tried it. There are also bitcoin debit cards that can be used at ATMs (ternio blockcard) which I will be looking into, but there are fees for getting cash at an ATM with these cards and monthly fees for having a bitcoin debit card. Now that paxful requires identity verification, I'll be looking into these for purchasing bitcoin or for converting it to cash. Also, there are bitcoin ATMs around the united states - coinatmradar.com is a website for locating these in your area. You just put cash in the bitcoin atm and then use the QR code on your smart phone to transfer it to your bitcoin wallet - if I ever get a smartphone I may try it. lastly, I think coinstars now allow you to buy bitcoin with paper cash (not US coins as you might think), but you would have to go through identity verification for this. I am not affiliated with any of the above companies and will not be asking you to use me as a referral for my personal benefit.

    Best, TP.

  18. #18
    Originally Posted by AxelWolf View Post
    Originally Posted by mickeycrimm View Post
    I want to start buying bitcoin. I'm a complete novice and don't want to get screwed. So I'm looking for advice from any of you that know anything about it.

    First question: Is Coinbase okay or should I buy somewhere else?

    2nd question: Can I buy bitcoin with a credit card?
    I started out with coinbase because that's where I was recommended(it wasn't the best recommendation). It was certainly easy to set up, it's probably one of the most reputable and well-known. They do require a photo ID and I believe they wanted a selfie as well.

    I ran into some small limit problems when I attached my debit card. I think I could only by like $5- twenty bucks worth at the beginning. Eventually, they rose my limits, I'm not even sure how much I can buy at this point. When I bought with a credit card there seemed to be a fairly big delay from the time I made the purchase to the time and actually got hit my coinbase account, I can't recall exactly how long, but it was more than 24 hours. I was able to purchase $2,000 worth using my credit card.
    (Unfortunately, I got f***** out of that $2,000 which would have doubled at this point. I'll explain later how I got f*****. )

    As Dan pointed out, Buying and selling crypto on coinbase kind of sucks with the fees, but it's not a complete go breaker if you're not constantly buying and selling and depositing and cashing out. Don't let buying and selling crypto be confused with transferring crypto to and from casinos or other wallets. I haven't noticed unusually high transferring fees. In my opinion you're better off finding someone to sell you cryptocurrency privately and save all the fees, ditto for when selling it.
    I heard Robinhood is good, but I have no idea if that's the case.

    I have yet to have a problem depositing or withdrawing from an online casino to coinbase. I do know a few people that have had a small issue using it for online gambling, I think that issue consisted of a warning. Coinbase is supposed to comply with all us regulations. From my understanding they can potentially track whatever you're doing.


    Soon after I got into crypto I purchased two Trezor Hardware Wallets, I think they cost about 50 bucks. I think that's one of the safest way to keep and use cryptocurrency and remain anonymous(depending on how you purchase the crypto)

    Depending on what you're doing you might need wash/ mix your cryptocurrency so it doesn't look like it's coming from the same person/ people. That's not so easy to do when you're using a hard wallet(you can use a mixing service). Coinbase naturally mixes up coins so you get to avoid that step.

    How I got f***** out of $2,000. I had my brother purchased me some more Bitcoin somewhere in the $4800 range when it dropped. When my brother went to send me my Bitcoin, but it didn't seem to arrive. I told him to send me the Bitcoin address he sent it to. When I looked at the address he sent it to and looked at the address I told him to send it to it wasn't even close(I like, how can you f****** a copy and paste?). After doing some investigation, it turns out he had a virus on his computer that switches any Bitcoin address once you paste it anywhere. SO ALWAYS CHECK THE BTC ADDRESSES BEFORE YOU HIT SEND.

    And here's the thing, my brother is very meticulous at running virus scans and malware protection with a fire law and all that with this computer. Even after words he still couldn't find and delete the virus he had to do a completely format of this computer.

    If you're just doing some online casinos I don't think there's anything wrong with starting off with coinbase it's fairly easy to use and the fee shouldn't hurt you too bad if you have a fairly good bonus or whatever you're doing online.

    Also you can advance to coinbase Pro for free and the fees are a lot less on coinbase Pro if you're doing any kind of crypto Trading.

    I'm far from a Bitcoin expert, I still learn stuff as I'm going there's a chance that I have no clue what I'm f****** talking about. I would love for someone else to chime in had some advice or correct anything I had to say.
    I know far too much about BTC, but I don't read anything about it because of so little it changes.

    One thing about checking the btc addresses. There a check encoded into those addresses. The odds of the address being acceptable yet wrong is like 1 in 4 billion. So you should always check the address and make sure it has not been messed with, but simply checking 2-3 characters at each end of the address should be more than adequate when 'double-checking' an address. You don't need to go double-check ever damn character unless it is being rejected.

    ie you make a slight typo then the resulting address has a 1 in 4 billion chance of being acceptable to the protocol. So you don't have to be super paranoid about typing 1 character wrong as it'll just invalidate the address, not send it to someone else.

  19. #19
    Originally Posted by accountinquestion View Post
    Originally Posted by AxelWolf View Post
    Originally Posted by mickeycrimm View Post
    I want to start buying bitcoin. I'm a complete novice and don't want to get screwed. So I'm looking for advice from any of you that know anything about it.

    First question: Is Coinbase okay or should I buy somewhere else?

    2nd question: Can I buy bitcoin with a credit card?
    I started out with coinbase because that's where I was recommended(it wasn't the best recommendation). It was certainly easy to set up, it's probably one of the most reputable and well-known. They do require a photo ID and I believe they wanted a selfie as well.

    I ran into some small limit problems when I attached my debit card. I think I could only by like $5- twenty bucks worth at the beginning. Eventually, they rose my limits, I'm not even sure how much I can buy at this point. When I bought with a credit card there seemed to be a fairly big delay from the time I made the purchase to the time and actually got hit my coinbase account, I can't recall exactly how long, but it was more than 24 hours. I was able to purchase $2,000 worth using my credit card.
    (Unfortunately, I got f***** out of that $2,000 which would have doubled at this point. I'll explain later how I got f*****. )

    As Dan pointed out, Buying and selling crypto on coinbase kind of sucks with the fees, but it's not a complete go breaker if you're not constantly buying and selling and depositing and cashing out. Don't let buying and selling crypto be confused with transferring crypto to and from casinos or other wallets. I haven't noticed unusually high transferring fees. In my opinion you're better off finding someone to sell you cryptocurrency privately and save all the fees, ditto for when selling it.
    I heard Robinhood is good, but I have no idea if that's the case.

    I have yet to have a problem depositing or withdrawing from an online casino to coinbase. I do know a few people that have had a small issue using it for online gambling, I think that issue consisted of a warning. Coinbase is supposed to comply with all us regulations. From my understanding they can potentially track whatever you're doing.


    Soon after I got into crypto I purchased two Trezor Hardware Wallets, I think they cost about 50 bucks. I think that's one of the safest way to keep and use cryptocurrency and remain anonymous(depending on how you purchase the crypto)

    Depending on what you're doing you might need wash/ mix your cryptocurrency so it doesn't look like it's coming from the same person/ people. That's not so easy to do when you're using a hard wallet(you can use a mixing service). Coinbase naturally mixes up coins so you get to avoid that step.

    How I got f***** out of $2,000. I had my brother purchased me some more Bitcoin somewhere in the $4800 range when it dropped. When my brother went to send me my Bitcoin, but it didn't seem to arrive. I told him to send me the Bitcoin address he sent it to. When I looked at the address he sent it to and looked at the address I told him to send it to it wasn't even close(I like, how can you f****** a copy and paste?). After doing some investigation, it turns out he had a virus on his computer that switches any Bitcoin address once you paste it anywhere. SO ALWAYS CHECK THE BTC ADDRESSES BEFORE YOU HIT SEND.

    And here's the thing, my brother is very meticulous at running virus scans and malware protection with a fire law and all that with this computer. Even after words he still couldn't find and delete the virus he had to do a completely format of this computer.

    If you're just doing some online casinos I don't think there's anything wrong with starting off with coinbase it's fairly easy to use and the fee shouldn't hurt you too bad if you have a fairly good bonus or whatever you're doing online.

    Also you can advance to coinbase Pro for free and the fees are a lot less on coinbase Pro if you're doing any kind of crypto Trading.

    I'm far from a Bitcoin expert, I still learn stuff as I'm going there's a chance that I have no clue what I'm f****** talking about. I would love for someone else to chime in had some advice or correct anything I had to say.
    I know far too much about BTC, but I don't read anything about it because of so little it changes.

    One thing about checking the btc addresses. There a check encoded into those addresses. The odds of the address being acceptable yet wrong is like 1 in 4 billion. So you should always check the address and make sure it has not been messed with, but simply checking 2-3 characters at each end of the address should be more than adequate when 'double-checking' an address. You don't need to go double-check ever damn character unless it is being rejected.

    ie you make a slight typo then the resulting address has a 1 in 4 billion chance of being acceptable to the protocol. So you don't have to be super paranoid about typing 1 character wrong as it'll just invalidate the address, not send it to someone else.
    Ya, I just check the first and last 2 numbers. It's probably fairly rare for someone to get a hijack virus.

  20. #20
    Druff — are you saying you still need a blockchain.com account with Binance, or just Coinbase? I have not had trouble moving between online books and Coinbase, but was under the impression they had no idea where BTC was coming from / going to. Now you have me scared.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 14
    Last Post: 07-04-2019, 03:35 PM
  2. Goldman Sachs to trade Bitcoin
    By Half Smoke in forum Money, Shopping, Real Estate, Investing
    Replies: 0
    Last Post: 05-03-2018, 03:03 AM
  3. Tips and advice for the Great Gift Wrap Up
    By Alan Mendelson in forum Las Vegas
    Replies: 34
    Last Post: 11-10-2013, 10:35 PM
  4. What is this Bitcoin business?
    By Alan Mendelson in forum Whatever's On Your Mind
    Replies: 0
    Last Post: 04-06-2013, 05:52 PM
  5. Replies: 54
    Last Post: 08-07-2012, 05:37 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •