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How to use bitcoin
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!
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jsnm liked this post
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BIg jay!
PM me bro I’ll send you a detailed description - there are also tons of threads about it here on BOp
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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!
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Originally Posted by
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!
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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?
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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.
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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
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Originally Posted by
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
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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?
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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
Originally Posted by
bigjay23
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?
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Send them Dont Sell them
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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...
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