Thread: BITCOIN

Originally Posted by Xtreme4Life

Having it immediately is an unrealistic expectation. It doesn't work like that whether it's BTC or virtually any other traded commodity where the funds to go from the exchange you're working with to your bank account if that's the route you want to go.

Once you've sold the commodity, you wire the funds from the exchange to the bank account of your choice. This typically takes 1-3 business days.

The people having issues are probably dealing with shit exchanges like Coinbase for small amounts. Don't get me wrong, if you're not techno savvy and only using BTC to purchase goods, Coinbase is fine. If you're trading large amounts, you would have to be a fucking moron to use Coinbase.

So would Blockchain be better to try to make money instead of coinbase?


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Originally Posted by Xtreme4Life

If you're just holding onto a small amount of BTC to buy/sell stuff, then yea Blockchain is better IMO. Blockchain is not an exchange though. You can't deposit USD and exchange it for BTC or other crypto.

If you're trying to buy or sell BTC, and like to keep the info off of US soil and eventual federal access to records, Bitstamp is worth checking out IMO.

If the amount of crypto that you have is an amount that will significantly impact you if you lose it, whether financially or emotionally, and you don't plan on actively trading it, put it in cold storage. I personally like the Trezor device.

Ok great thank you for the information


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