Thread: Buying Bitcoin "Updated 2017"

Thanks for the info

Thanks.

I see coinbase. Aren't they being sue by the government to get customer records?

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Originally Posted by coalminer78

I see coinbase. Aren't they being sue by the government to get customer records?

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1. Fuck the government
2. Coinbase Will Oppose Government Petition in Court - Bitcoin News

Coinbase is basically a bank at this point. Even though they claim they are fighting the feds, they are still playing by the same rules as most banks. They won't allow payments for certain kinds of products.....ask me how I know lol

Coinbase can be useful as far as converting USD into BTC, however I would not use Coinbase for sending payments for anything questionable. I would send the BTC to another wallet service, using a blender if it's a larger amount of money, then send to funds to the final wallet destination.

Just my .02 anyway....

Originally Posted by Xtreme4Life

Coinbase is basically a bank at this point. Even though they claim they are fighting the feds, they are still playing by the same rules as most banks. They won't allow payments for certain kinds of products.....ask me how I know lol

Coinbase can be useful as far as converting USD into BTC, however I would not use Coinbase for sending payments for anything questionable. I would send the BTC to another wallet service, using a blender if it's a larger amount of money, then send to funds to the final wallet destination.

Just my .02 anyway....

So where do you purchase your bitcoins from...Coinbase is just so easy for me... but does have me worried... (I do everything from there)

Originally Posted by Turbo306

So where do you purchase your bitcoins from...Coinbase is just so easy for me... but does have me worried... (I do everything from there)

If you're not involved in a high volume of transactions I think you will be fine using Coinbase to convert USD to BTC. However, I would not send money directly from Coinbase to a source.

Once you've got your US Dollars turned into Bitcoins in Coinbase, it's really easy to send them to another wallet address. You could create another wallet on a site like Blockchain.info for instance. That one is not necessarily the best or most anonymous, but it's free (other than minimal transactions fees) and easy to use. It allows you to store your BTC offline as well, enable 2FA, auto generates a new wallet address to receive money to each time, etc.

If you trying to move thousands of dollars away from Coinbase to another wallet I would use what's called a blender first....it'll help anonymize your money. That's how most darknet sellers move their money from the marketplace. For smaller transactions I wouldn't even sweat it though.