last time took 5 days
I have gone past 8 hours. When they experience delays it's a joke. I have woken up to deposits I sent at 8pm the night before hoping for a late game. The fees have become more which is less deesrable where I am. Coinbase. Person to person back in the days of western uninion seemed like a dream. Some are getting rich I'm not lol. Bol. Calling customer service won't help, they are useles.
coinbase what a POS.. thanks fade
Yep. Someone posted that if you send from coinbase to a block chain wallet and then block chain to sports book it's faster. I don't have a block chain wallet so don't know if it's true. I have had other deposits got through in 20 minutes. All depends on the trading volume and when they pull their bs and slow it down it down on purpose.
Coinbase does not allow you to set mining fees and if set too low, coupled with a busy network. Will take a while. For me, longest wait has been 2-3 hrs... but the beauty of Bitcoin and crypto is the ability to verify # of confirmations and that the money has been sent.
Best advice: Find a book that accepts Litecoin or other crypto for lower fees and faster xfers.
Best advice: Find a book that accepts Litecoin or other crypto for lower fees and faster xfers.
this was for a withdrawal. bookmaker sends it so fast (compared to 5dimes)
But the actual money wont show in my coinbase act until the 6 network confirmations. but I got it now. so was actually pretty quick. less than 5 hours total... now just got to wait for the money to go into my bank act.
is there a faster way to get the money from coinbase into my bank or something?
But the actual money wont show in my coinbase act until the 6 network confirmations. but I got it now. so was actually pretty quick. less than 5 hours total... now just got to wait for the money to go into my bank act.
is there a faster way to get the money from coinbase into my bank or something?
Friend.
Do NOT withdraw to Coinbase. Get a hardware wallet like a Trezor or Ledger Nano S3.
Anything in/out to Coinbase is subject to taxes and my gut tells me IRS will be looking at transfers to/from Coinbase (and other exchanges) more closely than they have in the past.
When withdrawing, send to a wallet NOT associated with an exchange. Then find someone local who will trade your crypto for cash. Fortunately, I have a guy who refuses to deal with exchanges at all -- is completely off the grid with regard to his crypto holdings -- and will gladly pay me cash for Bitcoin, ethereum, whatever.
oh gosh... now I gotta worry about the IRS. lol
am I able to sell the bitcoin and then transfer to my bank from a hardware wallet?
No. That is what an exchange like Coinbase is for. You owe it to yourself to educate yourself on the tax implications of selling Bitcoin for cash and collecting USD.
I have used https://bitcoin.tax/ to get an idea of what my tax obligation would be -- though if you get paid, lets say .5 bitcoin by a book and immediately convert to cash -- not sure if that is considered taxable gains. Check it out and don't let the IRS catch you off guard. I'm still working out the details myself.
My workflow goes like this: withdraw from book -> Hardware wallet ... only people who know about it are myself and my book. I then tell my buddy I want to sell X-amount of bitcoin for an agreed upon dollar amount. I then send bitcoin to HIS hardware wallet, and he hands me cash.
EDIT: You can buy Litecoin or Ethereum from Conbase (intentional mispelling) and send to BM. Cheap xfer fee and faster than BTC.
gotta check that out.. I sell the bitcoin immediately after I receive it and transfer to my bank...
also, I dont have anyone I could sell the bitcoin to, so I guess that option is out of question.
will do,, thanks donger
Yes. I can't say for sure that someone is going to come asking about taxes paid -- just that the banks are well aware of crypto currencies and transfers to/from bitcoin exchanges like Coinbase.
I have cashed out no more than $1.50 from Conbase to my bank just to see if it worked (it did). But even if get Bitcoin from a book, hold it for a week and make gains, then sell in order to buy more crypto (like Ethereum etc)... you have to pay taxes on the profit you made from your Bitcoin.
Again, I'm still doing research on it -- I may actually have to hire an accountant that specializes in this shit because there is one entity I don't want to fuck with and that is the eye-RS.
