How to use bitcoin

[bigjay23]

So my understanding is that you buy bitcoins from coin base then sell to your wallet? And then from the wallet is where you send to someone else?
Thanks guys just trying to figure out the new wave of doing things!


Sent from my iPhone using Tapatalk

[Sqwuidd]

BIg jay!

PM me bro I’ll send you a detailed description - there are also tons of threads about it here on BOp


Sent from my iPhone using Tapatalk

[jsnm]

Yes buy desired amount in coinbase,open a blockchain(wallet) send from coinbase to blockchain then send from blockchain to desired source,or right now let it sit in blockchain and rack up more money!


Sent from my iPhone using Tapatalk

[bigjay23]

Yes buy desired amount in coinbase,open a blockchain(wallet) send from coinbase to blockchain then send from blockchain to desired source,or right now let it sit in blockchain and rack up more money!


Sent from my iPhone using Tapatalk

Ya how'd you know trying to buy from sources, it's like every one only accepts this shit now lol
How does it gain more money?


Sent from my iPhone using Tapatalk

[jsnm]

Crypto currency is gaining a lot of momentum.
It will go up in value sitting in blockchain because the value of it is increasing everyday right now. It could drop at any minute and you could lose it,like stocks basically,but they don’t predict that anytime soon.


Sent from my iPhone using Tapatalk

[Sqwuidd]

So to keep it short and sweet

Buying coins— you open an account at Coinbase or Coinmama and this is where you are able to use Cc or debit card to purchase bitcoin

Once you’ve bought them— store them in an external wallet (I use Blockchain) - you need to open a Blockchain account (free) and this is where you can store your coins - less chance of them getting froZen or stolen in Blockchain

Send to sponsor —dont send from Coinbase ever ! Send to blockchain first then send to sponsor from there


Sent from my iPhone using Tapatalk

[bigjay23]

So to keep it short and sweet

Buying coins— you open an account at Coinbase or Coinmama and this is where you are able to use Cc or debit card to purchase bitcoin

Once you’ve bought them— store them in an external wallet (I use Blockchain) - you need to open a Blockchain account (free) and this is where you can store your coins - less chance of them getting froZen or stolen in Blockchain

Send to sponsor —dont send from Coinbase ever ! Send to blockchain first then send to sponsor from there


Sent from my iPhone using Tapatalk

So to send to your wallet you have to go to the sell option on coin base? Then what option do you go to to send to your source from the wallet?


Sent from my iPhone using Tapatalk

[kubes]

You will need to go to receive in block chain first copy and past the wallet and then send from coin base to Block Chain


So to send to your wallet you have to go to the sell option on coin base? Then what option do you go to to send to your source from the wallet?


Sent from my iPhone using Tapatalk

[jsnm]

Send them Dont Sell them


Sent from my iPhone using Tapatalk

[Bullrush]

Ok I have stupid question. So let's say you want to cash in your bitcoin to your bank account , how does one go about that. I currently use coinmama for my purchases and send to bloxkchain or greenbits wallet, but there is no way to cash out. I just would like to knw for future reference, there is no need to do anything now cause bitcoin is on fire...

[bigjay23]

Where is the send option I only see sell


Sent from my iPhone using Tapatalk

[jsnm]

Go to accounts,bitcoin,then the little arrow in top right corner


Sent from my iPhone using Tapatalk

[Sqwuidd]

To cash out you need to “sell
Bitcoin” to your USD bank account - don’t think BC has that
Option but Coinbase does


Sent from my iPhone using Tapatalk

[bigjay23]

I need two email addresses to verify wtf and it's not sending


Sent from my iPhone using Tapatalk

[Sqwuidd]

You will need to go to receive in block chain first copy and past the wallet and then send from coin base to Block Chain

Correct^

There’s a thread here where I posted screen shots of what that looks like — it was started by lomthai I believe

I wish I can find the link


Sent from my iPhone using Tapatalk

[bigjay23]

This shit is so retarded


Sent from my iPhone using Tapatalk

[Sqwuidd]

^ it takes time to set up but is worth it once it’s active and running

To set up Coinbase you need to verify your identity - using email address etc - Blockchain is similar
But not as involved

Coinbase is the one that’s more involved in terms of setting things up - be prepared to deal with weekly limits on CC deposits and waiting 7 days to transfer from checking acct

Debit card ACH is instant tho (the way I do it all the time)

Get thru the setup process - buy some coins and practice sending them to your BC and to
Another wallet address (shit you can send em to me if you want -
Small amounts like 1$ or something )


Big jay - don’t getstressed and flip out - bitcoin is well worth it


Sent from my iPhone using Tapatalk

[Sqwuidd]

Where is the send option I only see sell


Sent from my iPhone using Tapatalk

It’s a paper plane icon in top right


Sent from my iPhone using Tapatalk

[bigjay23]

It doesn't seem too complicated I'm just waiting on a verification email to my second email on the accounts page


Sent from my iPhone using Tapatalk

[jsnm]

Yea just wait till it’s verified they just take the security measures for your own safety


Sent from my iPhone using Tapatalk

[bigjay23]

How long does it take for the bitcoin to send to block chain it says pending


Sent from my iPhone using Tapatalk

[kubes]

It will pass 3 times unless then an hour... then it will say status confirmed

[bigjay23]

How much extra money do you need in your wallet to send to somebody


Sent from my iPhone using Tapatalk

[kubes]

How much extra money do you need in your wallet to send to somebody


Sent from my iPhone using Tapatalk

Enough to cover the fee usually a couple bucks

[Diesel1965]

You will need to go to receive in block chain first copy and past the wallet and then send from coin base to Block Chain

Kubes where do I copy and paste my wallet at?

[kubes]

Kubes where do I copy and paste my wallet at?

Click receive in blockchain. You will see the QR and wallet I'd. Copy and paste that to coinbase and send

[Diesel1965]

Click receive in blockchain. You will see the QR and wallet I'd. Copy and paste that to coinbase and send

Thanks brother for bringing me up to speed with it much appreciated.

[kubes]

Thanks brother for bringing me up to speed with it much appreciated.

lol I had to learn it too. It seems so close mplicated and then once you figure it out it's so easy :)

[bigjay23]

The charges are crazy they actually charge you to send from block chain


Sent from my iPhone using Tapatalk

[kubes]

The charges are crazy they actually charge you to send from block chain


Sent from my iPhone using Tapatalk

Mine has never been more the a couple bucks for release in one hour

[bigjay23]

Figured it out[emoji133][emoji133][emoji41]


Sent from my iPhone using Tapatalk

[Ffgrimm]

How come you shouldn’t send from coinbase? Just curious, i never heard that.

[Xtreme4Life]

How come you shouldn’t send from coinbase? Just curious, i never heard that.


Because not all crypto is as anonymous as people tend to think it is without the proper steps, and not all sellers are very bright about how they accept crypto and utilize wallet addresses.

Coinbase tracks wallet addresses, particularly those known to sell illegal products or even just those that violate their policies. They will freeze and close your account.

[korsaire]

great info