Looking For Bitcoin Advice

[OnceDear]

Guys, this has already been figured out and discussed in other places.

Do NOT use Coinbase or any other exchange (Binance, Gemini, whatever) for direct deposits and withdrawals to/from gambling sites. Don't do it. Just because you haven't been shut down yet doesn't mean it won't happen. It will happen... it's just a matter of time. Once it does, there's no appeal process.

Get a blockchain.com account. It's free. Use that as an intermediate site both ways. Always send to and from blockchain.com, then use blockchain.com to transfer to/from the exchange.

Just to add. There's masses of up to date discussion about everything BTC related at https://bitcointalk.org/
Includes a list of which coin washers to trust ( Blender.io is good) and lists of all sorts of scams to avoid.

I second Dan on saying avoid Coinbase except for dipping a toe in. If/when you get a sizeable chunk of BTC, then store it under your own control on either a hardware wallet ( trezor or ledger nano) or on a software wallet such as electrum or on blockchain.com Keeping or transacting even a few $k on an exchange like coinbase is akin to trusting paypal..... I.e. ill advised. Coinbase do keep the IRS fully up to speed as part of their AML and KYC obligations.

FFS keep your 24 word pass phrase secure, as Axelwolf will atest.

Actually, since BTC is treated as a token of value rather than a currency, every transaction is a recordable and potentially taxable event