So today I got blacklisted from w.u. and decided it's time I look into bitcoin. Can someone please explain to me the steps and recommended wallet(s) I should use to fund my 5dimes account? Does it go like: Bank account > Coinbase Wallet > sports book? Or should I use multiple wallets as I hear some people do. The way I am seeing it is I open up a coinbase wallet, then link it to bank account, then I fund the wallet, then deposit to book. Is this the correct process? Thanks
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So today I got blacklisted from w.u. and decided it's time I look into bitcoin. Can someone please explain to me the steps and recommended wallet(s) I should use to fund my 5dimes account? Does it go like: Bank account > Coinbase Wallet > sports book? Or should I use multiple wallets as I hear some people do. The way I am seeing it is I open up a coinbase wallet, then link it to bank account, then I fund the wallet, then deposit to book. Is this the correct process? Thanks
Do not transfer directly from your coinbase wallet. I use Kryptokit, a chrome browser wallet. It is really easy to use and free. Rushwallet is easy if you don't use chrome. If you try rushwallet, do not forget to save your wallet URL.
Kryptokit review
https://youtu.be/4PMjDoEitpk
Rushwallet
https://youtu.be/onsou3I-V8E
Do not transfer directly from your coinbase wallet. I use Kryptokit, a chrome browser wallet. It is really easy to use and free. Rushwallet is easy if you don't use chrome. If you try rushwallet, do not forget to save your wallet URL.
I personally run the bitcoin software on my PC and keep my wallet offline. It's the safest. WIth that said, I also have a wallet through Blockchain.info and have no issues. It's easy to spend or receive bitcoin through your smart phone with it. When you want to cash out, you can send the money from your personal wallet to a Coinbase account to have USD wired into your bank. Also, you can spend BTC directly through sites like Newegg, Tigerdirect, Overstock, and many others. Avoids the tax liability.
I personally run the bitcoin software on my PC and keep my wallet offline. It's the safest. WIth that said, I also have a wallet through Blockchain.info and have no issues. It's easy to spend or receive bitcoin through your smart phone with it. When you want to cash out, you can send the money from your personal wallet to a Coinbase account to have USD wired into your bank. Also, you can spend BTC directly through sites like Newegg, Tigerdirect, Overstock, and many others. Avoids the tax liability.