Best Bitcoin Wallet for online poker?

[mitch311]

I find it hard to believe that there have been no direct answers to the question ... What is the "best bitcoin wallet" to use on online poker sites? Simple question. Can anyone answer it?

 

[lilpotato]

I don't know what you mean by best. online wallet i have used blockchain with no problems, I have used Electrum on desktop (windows) no problem. If you wan to be really safe you could buy a hardware wallet for multiple currencies like keepkey $129. If you do that go to their site and if they are out and on pre-order they have a link on their site to Amazon and those are not pre-order. I would not buy one from anyone else... Use just their site or their Amazon link.

If you are just using for small amounts I think blockchain or Electrum is fine.

 

[mitch311]

thanks smallfrie ..... i'll look into those.

 

[mitch311]

And, what I mean by best, to clarify, is ease of use. Both deposit and withdrawal. I signed up for an account with coinbase and after sharing my life story with them as well as waiting on the phone for a full 2 hours (I'm stubborn), the rep told me that their policy and terms would be breached if I used bitcoin on gambling sites. Because Bitcoin is a string of contracts beginning with my account in their virtual world. Who reads that shit? He does. hahaha

 

[lilpotato]

And, what I mean by best, to clarify, is ease of use. Both deposit and withdrawal. I signed up for an account with coinbase and after sharing my life story with them as well as waiting on the phone for a full 2 hours (I'm stubborn), the rep told me that their policy and terms would be breached if I used bitcoin on gambling sites. Because Bitcoin is a string of contracts beginning with my account in their virtual world. Who reads that shit? He does. hahaha

Yeah you are going to need coinbase to buy and cash out, just make sure you don't send the bitcoin directly from coinbase to a poker site, first send it to a wallet like electrum or blockchain and then from there send it on to the poker site and for cashouts the same in reverse send cashout from pokersite to a wallet like electrum or blockchain then from their to coinbase.

 

[mitch311]

That is where it gets complicated. All transactions are a continuos string. Therefore, having an unending list of related transactions. With that said, I am reverting to the original question ..... "is there a better way to use Bitcoin and take Coinbase out of the equation?" The Bots (trained humans in this instance) that answer the phone at ignition encourage the use of Bitcoin, but do not elaborate on the sequence or have cooperative in directing me to specific procedures. If anyone can map it out, I'd be thrilled.

 

[lilpotato]

I don't like depositing with crypto but I like withdrawing that route it is the fastest. I am lucky my debit card currently works for deposits but if it didn't and I needed to deposit I would use Western Union. I have withdrawn with bitcoin, dogecoin, and litecoin. on my dogecoin withdrawal I used the site shapeshift to switch to etherium before I sent to coinbase (actually shapeshift simultaneously switches currency and sends)

 

[lilpotato]

That is where it gets complicated. All transactions are a continuos string. Therefore, having an unending list of related transactions. With that said, I am reverting to the original question ..... "is there a better way to use Bitcoin and take Coinbase out of the equation?" The Bots (trained humans in this instance) that answer the phone at Ignition encourage the use of Bitcoin, but do not elaborate on the sequence or have cooperative in directing me to specific procedures. If anyone can map it out, I'd be thrilled.

I know bitcoin can be tracked back but I have had no problem by first sending to a wallet. People have had there accounts banned on Coinbase and before that Circle but Circle stopped doing crypto. I don't know of anyone who has been banned if they use a wallet before they send to a poker site or send to a wallet from a poker site before they send to coinbase. I think just about any site like coinbase that exchanges crypto for dollars is going to have a policy about gambling sites. Bitstamp has same policy and gets you with a fee and a Credit/Debit card fee Then there is Gemini but I have not used them.

EDIT: I would deposit by another method like I mentioned in earlier post and if you are really concerned about ban use the site shapeshift and totally switch the crypto you cashout. Example cashout any coin that poker site lets you cashout and is also listed on shapeshift site and then switch to a crypto coinbase changes to dollars.

 

[lilpotato]

That is where it gets complicated. All transactions are a continuos string. Therefore, having an unending list of related transactions. With that said, I am reverting to the original question ..... "is there a better way to use Bitcoin and take Coinbase out of the equation?" The Bots (trained humans in this instance) that answer the phone at Ignition encourage the use of Bitcoin, but do not elaborate on the sequence or have cooperative in directing me to specific procedures. If anyone can map it out, I'd be thrilled.

I just saw ignition, I don't play there so I don't know what deposit options they have but cashout would go like this---> Cashout in Bitcoin send to Blockchain wallet okay now you have the bitcoin in your wallet but are worried about sending to coinbase so get a coinbase address for litecoin then go to shapeshift and it will ask the currency you have and one you are switching to so choose correct ones, then it will ask for address you are sending to and a refund address which is your blockchain address in case the transaction doesn't work they refund back to you (never happened to me) just follow instructions on shapeshift, it is pretty easy, after you get done on shapeshift you will get litecoin in your coinbase wallet. Then you can cash it out for dollars to your bank or paypal if they have paypal cash out option fixed on coinbase yet.

EDIT: on coinbase make sure you get a litecoin address for receiving litecoin or a bitcoin address for receiving bitcoin or a etherium address for receiving etherium they are different so make sure you use the correct address that is specific to what you are receiving.

 

[mitch311]

Thanks again for the response "smallfrie". Been signing up with blockchain. lengthy ordeal trying to understand cybercurrency. (?). I'll reread your post later. see you when I'm a bit rested. Chao

 

[lilpotato]

Thanks again for the response "smallfrie". Been signing up with blockchain. lengthy ordeal trying to understand cybercurrency. (?). I'll reread your post later. see you when I'm a bit rested. Chao

No problem. It just seems confusing until do it a couple times, and if you don't like those sign-up procedures (nobody does) you will be happy if you use shapeshift because there is zero sign-up.... Good luck

 

[soldier44]

Mitch, anyone would have to be totally out of their mind to deal with Coinbase. I've been there and done that. I recieved a 600 dollar payout from Ignition through Bitcoin to my Coinbase wallet. I got it into my wallet with no way of getting it out. I eventually went to overstock and bought something with it, as they take bitcoin for payment. Here is a link to coinbase reviews just to give you a little hint of what this scam operation does to people. https://www.trustpilot.com/review/coinbase.com Pay pal doesn't work there, and to have any hope of cashing out your money you have to first verify your identity, and then give them all of your bank account info, lol. Hmm, what could go wrong right. They have stole millions from people. I have read of many instances of them draining people's accounts dry, and people waiting months to get their money if they end up getting it at all. Very scary outfit. I'm willing to bet they're operating on borrowed time.

 

[lilpotato]

Mitch, anyone would have to be totally out of their mind to deal with Coinbase. I've been there and done that. I recieved a 600 dollar payout from Ignition through Bitcoin to my Coinbase wallet. I got it into my wallet with no way of getting it out. I eventually went to overstock and bought something with it, as they take bitcoin for payment. Here is a link to coinbase reviews just to give you a little hint of what this scam operation does to people. https://www.trustpilot.com/review/coinbase.com Pay pal doesn't work there, and to have any hope of cashing out your money you have to first verify your identity, and then give them all of your bank account info, lol. Hmm, what could go wrong right. They have stole millions from people. I have read of many instances of them draining people's accounts dry, and people waiting months to get their money if they end up getting it at all. Very scary outfit. I'm willing to bet they're operating on borrowed time.

LOL, Exactly how do you think a financial institution would get your money into your bank without knowing where to send it? Here is a list of licenses state by state Coinbase has to transmit money https://www.coinbase.com/legal/licenses?locale=en-US Coinbase made over 1 billion in revenue last year, so I guess there are a lot of people who are "out of there mind" huh?
True PayPal is currently broken on site, PayPal does not even deal with most people in crypto business. I used PayPal cashout when it was working and although relatively expensive it was instant and I look forward to them fixing whatever issue they have.
When you Cash out by ACH transfer to your bank
(which is a standard procedure in the U.S. to transfer money to your bank) https://en.wikipedia.org/wiki/Automated_Clearing_House Coinbase says it will take 3-5 days although it took 1 day for my last one and it took 3 days on the one before that.
The only other issues I have had with Coinbase is their payment processor for credit/debit
purchases had some kind technical issue and was double billing a large number of transactions me included but they worked that out and I have been credited back https://blog.coinbase.com/joint-statement-from-visa-and-worldpay-for-coinbase-customers-9a6f2ff5f3b3 This was one of the issues that made me want to use other means of deposit and only use crypto for withdrawal.
The other issue I had with Coinbase was the limits on deposit by debit/credit card but for me that has also been sorted out.... A little late as I don't use them for that anymore.
Cryptocurrency is a fairly new business and a company in a fairly new business is going to have challenges and problems at some point guaranteed, but they seem to be managing to work through all that pretty successfully.


To sum up Coinbase is a licensed business that does business with banks who allow crypto purchases via debit/credit and had revenue of over 1billion last year and has had... I don't know how many successful buy and sell transactions with the public. Coinbase does their business in public and has offices on U.S. soil.

 

[soldier44]

lol, well yeah, there are a lot of naive individuals out there. They say there's a sucker born every minute. What's amazing is most people can't see what a silly ponzi scheme this is. Do you even have a clue how many tens of thousands of people have money stuck in coinbase, and can't cash out, and coinbase has zero customer support. So, I don't doubt they did over a billion in revenue when they don't allow people to withdrawal their own money, lol. It's a simple scam, you give me real money and I give you cyber monopoly money which is arguably next to worthless as of now anyway, duh! Well, I can't say really worthless, because I actually bought a product with it. Definitely not something I would invest in though, especially with conbase.

 

[lilpotato]

lol, well yeah, there are a lot of naive individuals out there. They say there's a sucker born every minute. What's amazing is most people can't see what a silly ponzi scheme this is. Do you even have a clue how many tens of thousands of people have money stuck in coinbase, and can't cash out, and coinbase has zero customer support. So, I don't doubt they did over a billion in revenue when they don't allow people to withdrawal their own money, lol. It's a simple scam, you give me real money and I give you cyber monopoly money which is arguably next to worthless as of now anyway, duh! Well, I can't say really worthless, because I actually bought a product with it. Definitely not something I would invest in though, especially with conbase.

I see... now it is cryptocurrency in general, no wait its back to coinbase. This statement in your post makes zero sense "I don't doubt they did over a billion in revenue when they don't allow people to withdrawal their own money, lol." I am not going to debate the merit of cryptocurrency, I use it as a vehicle for short term transactions to get my money off a poker site and it works for me. I don't know how many people have money "stuck" on coinbase and I don't think you do either. Your statements tend to make me believe you don't know a lot about the subject you are posting about but that is okay, I don't know a lot either but I think I know a lot more than you.

 

[soldier44]

smallfrie, I don't claim to know everything about crypto, but when a buisness has a over 80 percent disapproval rating do you really need to know everything, lol. I can assure you i've researched crypto currency, and wallets much more in depth than you have, but I can see how there would be a lot of 20 something year old kids who would be quick to jump on the scam train. I was the same way when I was in my 20's some of the things I would buy into were comical. How an educated adult could actually invest a significant amount of money in crypto is well, a bit sad. If you're just transferring small amounts to and from poker sites maybe it'll work out for you that is if you don't get recognized and have your account locked. Do you not realize the reason people can't cash out there own money, significant amounts of money that is, is because they don't have the money to pay them. They more than likely have deposited people's money into foreign accounts. Their money is gone. It's a ponzi scheme, and an obvious one at that.

 

[lilpotato]

smallfrie, I don't claim to know everything about crypto, but when a buisness has a over 80 percent disapproval rating do you really need to know everything, lol. I can assure you i've researched crypto currency, and wallets much more in depth than you have, but I can see how there would be a lot of 20 something year old kids who would be quick to jump on the scam train. I was the same way when I was in my 20's some of the things I would buy into were comical. How an educated adult could actually invest a significant amount of money in crypto is well, a bit sad. If you're just transferring small amounts to and from poker sites maybe it'll work out for you that is if you don't get recognized and have your account locked. Do you not realize the reason people can't cash out there own money, significant amounts of money that is, is because they don't have the money to pay them. They more than likely have deposited people's money into foreign accounts. Their money is gone. It's a ponzi scheme, and an obvious one at that.

Yeah... I think anyone who reads this thread and knows even a little about Coinbase will understand how much you have researched. Insulting people as naive or "anyone would have to be totally out of their mind to deal with Coinbase" or sucker or just young "20 something year old kids" is not a good look. I personally don't see Crypto as a sound investment but I also did not think Apple was a sound investment at under $2 dollars a share in the 1980's. And maybe younger people may know something about this I don't. I know the the guys who originally came up with the idea for FaceBook the Winklevoss twins are in there 30's (I consider that young) and they seem to have the opinion that cryptocurrency is the currency of the future and a great investment. I personally think that someone is eventually going to end up holding the bag but I am not going to insult those with another opinion based on their age or intellect, especially when there are some very young highly intellectual tech savvy people who see something in crypto that I don't and many of those people not all don't have a hint of scandal or criminal behavior in their background.

 

[soldier44]

smallfrie, I see you don't like to read facts, but that's ok. The best way to learn is to find out for yourself. No intelligent person invests in crypto, lol, and definitely not coinbase wallet. Where is the appeal of crypto? Can you buy a house with it, a car, land, groceries, medical expenses. It's nothing more than money laundering for gambling sites that is if you're lucky enough to turn it into money, lol. What you need to do is READ FACTS, and LEARN. I can assure there are a lot of people right now that wished they did before they jumped into crypto and conbase. Who knows maybe one day it will have some merit, but as of now where is the appeal? Looking forward to your response. Think of it this way smallfrie, would you give someone on the street a stack of 100 dollar bills for a unique crypto code that you could put in your computer, it's almost so ridiculous that i can't even believe i'm having this conversation, lol.

 

[lilpotato]

smallfrie, I see you don't like to read facts, but that's ok. The best way to learn is to find out for yourself. No intelligent person invests in crypto, lol, and definitely not coinbase wallet. Where is the appeal of crypto? Can you buy a house with it, a car, land, groceries, medical expenses. It's nothing more than money laundering for gambling addicts that is if you're lucky enough to turn it into money, lol. What you need to do is READ FACTS, and LEARN. I can assure there are a lot of people right now that wished they did before they jumped into crypto and conbase. Who knows maybe one day it will have some merit, but as of now where is the appeal? Looking forward to your response.

Okay now I know for sure you know very little about it and have done little research. You can literally buy every item with crypto that you listed. Yes you can buy a house with crypto, , yes you can buy a car with it, yes you can buy land with it, yes you can buy groceries with it, yes you can pay for medical expenses with some providers with it, same with dental. It is almost like you know nothing at all on this subject and have done no research at all. I am the only one who has posted any facts, so I don't know how you come off thinking I don't like facts.

 

[lilpotato]

lmao, ok now I know I'm dealing with someone very "special". Your avatar says a lot, lol. Which part of mars can you buy all of that with crypto currency, lol. I will say this is entertaining anyway.

Houses and land many other sites though. http://bitcoin-realestate.com/ Car dealers that accept bitcoin http://spendbitcoins.com/places/c/car-dealers/
Groceries http://spendbitcoins.com/places/c/grocery/
Medical expenses http://www.healthcareitnews.com/news/physicians-now-taking-payment-bitcoin


Just the ones I came up with in under a minute.

 

[soldier44]

lol, not even 10 places on each list in the entire U.S. Have to admit that doesn't sway my opinion much. I guess you could always reach an agreement with an individual person or company if they were willing to accept bitcoin as payment. I'm saying more generally speaking. In the whole scheme of things it just doesn't have much merit as of now. The only decent place i've seen where you can spend bitcoin is overstock.com which has some really nice stuff.

 

[lilpotato]

lol, not even 10 places on each list in the entire U.S. Have to admit that doesn't sway my opinion much. I guess you could always reach an agreement with an individual person or company if they were willing to accept bitcoin as payment. I'm talking of more generally speaking. In the whole scheme of things it just doesn't have much merit as of now.

There are also visa debit cards you can use anywhere Visa is accepted for purchasing anything and the currency is taken from your bitcoin balance and the merchant is paid in whatever currency they use. So you can pretty much by anything with bitcoin.

You have done nothing but first insult people in general that use crypto in this thread then personally insult me and you have been given facts, if you don't like them I really don't care. Have a nice day

 

[soldier44]

smallfrie, and you weren't insulting? The only thing I said was you'd have to be out of your mind to deal with coinbase after reading all the reviews, and having over an 80 percent disapproval rating. Like george costanza said on Seinfeld "it's not a lie if you believe it", lol. To each his own I guess. Good luck to ya.

 

[lilpotato]

smallfrie, and you weren't insulting? The only thing I said was you'd have to be out of your mind to deal with coinbase after reading all the reviews, and having over an 80 percent disapproval rating. Like george costanza said on Seinfield "it's not a lie if you believe it", lol. To each his own I guess. Good luck to ya.

I have not insulted anyone and here is another fact you just said in your last post "The only thing I said was you'd have to be out of your mind to deal with coinbase" that however is not true you have said much more...
"lmao, ok now I know I'm dealing with someone very "special". Your avatar says a lot""No intelligent person invests in crypto, lol,"
"I can see how there would be a lot of 20 something year old kids who would be quick to jump on the scam train."
I on the other hand suspected you knew very little about this subject and then you proved that in your post and I linked you to sources to show you that you did not know what you could and could not do with crypto. I did not at any time insult you, call you any names or insinuate you were unintelligent or foolish as you have done throughout this thread. I really am over it. Good luck

 

[mitch311]

Holy cow folks ... chill. I'm back after having a good nights sleep and watching golf most of the day, I'm ready to get back into the discussion.Just to make myself perfectly clear, I am admittedly the least knowledgeable person in this thread as it relates to crypto currency. However, I speculate that cybermoney is the way of the future. Which currency will thrive and survive (or has even entered the scene) is the only question.

I'll continue my quest and thank you for your input.
Now, here is another question. I'll start with the confession that I am a "donk". I can prove that by stating that I very seldom win on online sites. And I never win more than I deposit in any given stretch. Not proud, just fact. I play in live games here in Houston and after years have come to the conclusion that we just trade money one hot or river beat after another.
So, my question now is, where is the best place to play online?
........... thanks in advance