Bitcoin Advice

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  • paulb787
    SBR Rookie
    • 10-29-15
    • 1

    #1
    Bitcoin Advice
    Hey,

    I recently did a cashout from 5 dimes and bookmaker using bitcoins. I have funded and withdrew from my coinbase account. I could not believe it when i read coinbase is banning people for using there bitcoins for gambling. I have read that i should just buy and sell on coinbase bu use a different wallet for recieving and sending funds from gambling sites. Do you think i am ok with a just a few transactions? I would hate to get banned from coinbase as it is so easy to sell there. I dont want to have to sell on localbitcoins.com and worry about getting scamed. Kind of freaking out i guess.


    Paul
  • Ted Sheckler
    SBR MVP
    • 01-08-14
    • 1936

    #2
    Originally posted by paulb787
    Hey,

    I recently did a cashout from 5 dimes and bookmaker using bitcoins. I have funded and withdrew from my coinbase account. I could not believe it when i read coinbase is banning people for using there bitcoins for gambling. I have read that i should just buy and sell on coinbase bu use a different wallet for recieving and sending funds from gambling sites. Do you think i am ok with a just a few transactions? I would hate to get banned from coinbase as it is so easy to sell there. I dont want to have to sell on localbitcoins.com and worry about getting scamed. Kind of freaking out i guess.


    Paul


    Use Blockchain as the middle.

    When you deposit to a book, buy on coinbase send to blockchain, then send to book.
    When you get a payout, have the book send it to blockchain, then from blockchain to coinbase, then sell to you bank account.
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