Once i buy bitcoin off of Coincase. Whats the best steps to take to insure i make money and what to do with my bitcoin?
I really appreciate the information and feedback, i want to start investing in bitcoin and i want to make alot of money. I don't want to lose money. Also for dark web purchases does it matter if i buy bitcoin through the dark web or just the regular web? does it make a difference?
BTC > pro.coinbase.com > ledger nano x > transfer fails, please process transfer manually
I have BTC in my pro.coincase BTC account... I copy and paste my address from my ledger nano x... when I click transfer it fails. My BTC address on my ledger nano x says "Bitcoin 1 (segwit)" and the address starts with a 3 I believe.
First timer, bought $20s worth of BTC at an ATM... only got $0.75 worth of Bitcoin. What did I do wrong?
Sorry if this has been addressed somewhere else (if it has please link the post). Otherwise, please help since I’m new to all this and obviously have no idea what I’m doing. To walk you through the encounter: It was a Coincase (I think) ATM, my first time transacting with them (or anyone else). I put in my 20 bucks, did the verification (by SMS), and saw there was a $20 limit. Tried to confirm the transaction but it said I needed to put in more than $20 to go through, however it wouldn’t allow me because of the limit. So I’m stuck in this limbo between forfeiting the money and not being able to get it to go through, when suddenly my wallet notifies me that it went through... for the tiniest fraction of what I put in! (Only took about 2 mins to get to my wallet when everyone else is taking days, however I didn’t see an option to change the miner fees?) What did I do wrong? Was it because of the small amount? Was this just a first time thing? Have any of you used this service before? I can’t imagine this is common or else NO ONE would buy any BTC (97% fees are absurd). Furthermore, online places like Changelly say they only charge a modest 0.5% and yet it when I was looking at buying some it was charging 38%? I don’t understand the claimed amount of fees versus the ACTUAL fees I’m being charged. Please help a newbie out. I love the idea behind Bitcoin and want to be a part of it, but so far I haven’t found it to be accessible (even after several hours of research). Any help is appreciated, thanks! Edit: Thank you to all who responded! I understand that it’s the fees, I just don’t understand what the fees are for and how to limit them (I don’t need the transaction to go through immediately). Also, 2 questions: 1) can I buy on Coinbase without using a coinbase wallet, and instead send the bitcoin to my other wallet? And 2) which service has the least amount of fees or a way to control which fees you use (making the transaction time long or short)?
I am new to Bitcoin and I've just made a wallet on coincase through tryBTC. I want to buy some Bitcoin with cash, and I've found some opportunities on localbitcoins and craigslist. What information do I need before I go through with the purchase? Do I just show up with cash and the person will send Bitcoin to my wallet? How can I verify the transaction before the person runs off with my cash? Thanks!
My recent experiences with Bitinstant, Mt. Gox, Silk Road, and BTC in general
I just wanted to take a few moments to talk about my recent experience with bitinstant and the recent troubles that we’ve all seemed to be having when trying to exchange fiat for bitcoins. I began exchanging for bitcoins in order to purchase the wekk known nootropic Modafinil over the internet. Over the course of a couple days of serious research, I felt comfortable enough making my first transaction. The process was simple on both the front and back end. Bitinstant worked like a charm and I was able to send the payment to receive my product from the vendor. I became intrigued because of how well everything went. I knew that soon I would be getting involved as a buyer on the Silk Road so I began making a few more deposits via bitinstant, and soon after I made my first purchase on the SR. Life was good and so was the product… Until I needed to order again. Around June 18th I tried to do a deposit via Bitinstant, and that’s when I ran into every error possible. Bitinstant seemed to be having issues with one of their “third parties”. I began looking into reasons why this issue could be happening. I tried a lot of different things to remedy this, including registering for an account. Even after registering for an account I kept getting problems, so that’s when I decided to look at alternative methods of obtaining bitcoins. My first plan of action was to wire transfer money to the evil Mt. Gox. I used them because I had previously been verified after creating an account there when I first got into bitcoins when I didn’t know what I was doing. I personally bank with a credit union and the cost for international wire transfers are $40 USD. I have maintained a great relationship with my credit union and have accrued enough member points to waive the fee for the wire transfer. (hint: banking at a credit union is FAR better than a bank). I was actually able to complete the wire transfer online through a secure portal while communicating via online chat with my credit union rep, cool eh? Anyways, two days later I got an email and my money was in my Mt. Gox account. I then exchanged the money for bitcoins, moved the bitcoins through a few wallets, and I was ready to go again. That’s when I began looking even further into alternative methods of obtaining bitcoins after having the transaction go through successfully with Mt. Gox. I have since created an account with both coinbase and dwolla as backups. I don’t really see myself using dwolla, but coincase looks very promising to me. I have also heard that coinbase is working on getting a system in place like Bitinstant where customers can make cash deposits for bitcoins. Now, I set up a secondary checking account to accommodate any future transactions with coinbase. Setting up a secondary account that is exclusively used for online purchases is always a smart idea. If you ever run into any issues, it isolates the problem to an account that doesn’t receive things like direct deposit or have automatic bill payments. I worked many years in a bank and would advise this to everyone. Though I had a relatively painless experience when using Mt. Gox, I don’t foresee myself using them in the future because of all the negative things I keep hearing about them. With everything being said, yesterday I was able to successfully transact for BTC via Bitinstant for the first time in nearly two weeks!!!!! I had been in communications with their support staff for over a week because I was having issues with getting my account validated and verified. In hindsight, I’m kind of still pissed off a bit because of how slow they were in responding to my inquires, but I’m sure they had thousands of people flooding them asking for help. There are a lot of things going on behind the scenes that I don’t fully understand, so I don’t want to jump to conclusions. I don’t really consider myself somebody who should be providing advice to others in regards to bitcoins because I have limited experience with them. The intention of this post is to provide a semi detailed look-in to how my recent experiences have been when trying to get bitcoins. Hopefully bitinstant continues to work like it did yesterday, as I feel that making a cash deposit is the easiest way for me (and many others) to obtain bitcoins. In the back of my mind I do indeed wonder about the future of BTC as Governments are getting more and more involved in trying to control this beautiful currency.
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