Bitcoin Suppliers

[cassandra]

Thank you  You are being very helpful @PTFC

 

[PTFC]

Thank you  You are being very helpful @PTFC

I do try, I've dipped into Bitcoins also. But @Natty, @screamingmimi and @Veritas all have provided amazing work here  

 

[screamingmimi]

I do try, I've dipped into Bitcoins also. But @Natty, @screamingmimi and @Veritas all have provided amazing work here  

Thanks @PTFC I'm working on Coinjar.  I think fees might be lower than Coinbase.  Just got distracted with other stuff.

 

[screamingmimi]

Ok. so got CoinJar on my computer.    Their customer service is pretty good. Answered both my questions within a day.  The one thing I've noticed is their btc value is $6 more than Coinbase right now.  It's based out of Melbourne but can be used other places. It lets you select the exchange you use.  USD, AUD, etc.

I don't have the attention span to do much more and I have not linked my accounts yet.  Maybe I'll do a credit card.  I do think their rates are pretty low  which may make up for their value being higher.

Right now I have to get my btc back to mulitibit and I haven't figured out how to do it  and cover fees and zero out my Coinbase.  I spend from multibit.   So for me it's do I want to use coinbase or coinjar.    And then have a 2nd wallet to buy with.

I did read never use the same wallet address unless you have constant business with someone.  It's just another level of security.  I have yet to figure out how to keep etherium on my mac.  It should stay but has not.

 

[mammajo]

I just setup a bitcoin account with coinbase, seems way easier than WU or MG.

One question though, if you fund your account through your bank and then you send a transaction.

can that transaction then be traced back to you and  your bank account?

 

[screamingmimi]

I just setup a bitcoin account with coinbase, seems way easier than WU or MG.

One question though, if you fund your account through your bank and then you send a transaction.

can that transaction then be traced back to you and  your bank account?

I'd say yes if you mean the govt.  Not sure though.   I have a coinbase account then a second wallet with multibit.   I buy with coinbase.  Then I move it to another coinbase wallet, then I move it to Multibit.  So the vendor does not know where the original btc came from.  Is that what you asked?   

 

[Natty]

I just setup a bitcoin account with coinbase, seems way easier than WU or MG.

One question though, if you fund your account through your bank and then you send a transaction.

can that transaction then be traced back to you and  your bank account?

It is possible. You can try a few different things to try to hide your identity. @screamingmimi has a way there that makes it harder to identify. I do something similar. I have heard of tumbling your coins and that's pretty much it. It is not easy to be identified though. You have to basically dissect the blockchain.

I agree that it is way easier than WU or MG. Hell, I have never made a purchase via the two prior mentioned. Always btc or money orders.

btc is at 1285 atm fyi everyone.

 

[Natty]

I guess it broke $1307 today I just seen. Too bad I was at work, I would have made a purchase on that one.

 

[PTFC]

It is possible. You can try a few different things to try to hide your identity. @screamingmimi has a way there that makes it harder to identify. I do something similar. I have heard of tumbling your coins and that's pretty much it. It is not easy to be identified though. You have to basically dissect the blockchain.

I agree that it is way easier than WU or MG. Hell, I have never made a purchase via the two prior mentioned. Always btc or money orders.

btc is at 1285 atm fyi everyone.

Nice price, my 16 dollars worth I still have from last year was at $400 bitcoin price roughly. Sell sell sell!!!!! ?

 

[Natty]

read this earlier today. I don't know if there is any truth to it. I have not the time to research it atm. I used to use circle and loved it.

Don't use American based bitcoin exchanges they are just regulated by wall street, its a reason circle dropped bitcoin. Also if you use coinbase you may now have to pay taxes on it thanks to coinbase submitting all the buys and sells of its customers to the IRS. Avoid American bitcoin exchanges, avoid regulation bitcoin wasn't meant to be regulated. Yet everyone seems to promote these regulated companies.

Like I said, this may be untrue. Just wanted to put it out there for others to consider/research.

 

[TmD1968]

Okay this whole Bitcoin process is confusing me:-(. I'm using DBG link at the top of the page cuz I can use my PayPal account.  How do I them pay someone with Bitcoins?

 

[screamingmimi]

I guess it broke $1307 today I just seen. Too bad I was at work, I would have made a purchase on that one.

I'm confused.  Isn't it smarter to buy low, then if it goes up you rake in the cash.   Mine went up $10 in one day.  So to buy when it's high, if it takes a nose dive you lose btc.  There hasn't been a drop since the two the last month though so?

 

[Natty]

I'm confused.  Isn't it smarter to buy low, then if it goes up you rake in the cash.   Mine went up $10 in one day.  So to buy when it's high, if it takes a nose dive you lose btc.  There hasn't been a drop since the two the last month though so?

you are correct. I should clarify, I would have made a purchase from a vendor. lol.

 

[Natty]

Okay this whole Bitcoin process is confusing me:-(. I'm using DBG link at the top of the page cuz I can use my PayPal account.  How do I them pay someone with Bitcoins?

we have touched on this topic a few times, but ill tell ya its as simple as copy and pasting a series of numbers and letters provided to you from the vendor. You also have this. It is referred to as a "address." Don't worry, btc does have a slight learning curve, but you will figure it out. Lmk if you need help.

 

[screamingmimi]

we have touched on this topic a few times, but ill tell ya its as simple as copy and pasting a series of numbers and letters provided to you from the vendor. You also have this. It is referred to as a "address." Don't worry, btc does have a slight learning curve, but you will figure it out. Lmk if you need help.

Actually it's the wallet I think.  When you buy something the vendor will send you this huge long number/letters which is the wallet which will receive your payment.   You go to where your btc are and click send.  It'll ask you where to send it to.  This is where you copy and paste like @Natty said.  Enter the BTC amount or you can use USD or whatever currency you have.

One thing I made a mistake on is the fees to make the transaction.  If you use the minimum fees it could take several days if at all for the btc to get to the vendor. It has to do with getting approvals from the block chain (that's beyond my brain function).  But miners have to approve the payment so if you raise the fee a little it'll go faster.   There should be a place where you're btc are which lets you select the fee.  I raised mine from the minimum but it's still low, vs say a bank transfer fee.

 

[TmD1968]

Thank you for explaining it to me.  I'm annoyed now cuz after following the link it said I could only get $150 for 24 hour period and they still shorted me even after I paid the extra fees?  Arghhhhh

 

[Admin]

I was informed that Coinbase has shut down a members account after he made a payment to a vendor.

How to avoid this.

Always before paying the vendor transfer your coins to your own free wallet.

There are so many free wallets to chose from, Electrum, MultiBit,...........

Ones the coins are in your own wallet you are free to transfer to whoever you like.

 

[scrog]

Ok do I got this right? My favorite book on Amazon cost is $150. So I go buy me $150 in btc.  I wait til the next day to order my book, but btc prices have dropped in this time frame, now my $150 worth of btc is now only $140 and i don't have enough to buy my book. So now I add more money, or wait for btc prices to climb back up to where I bought at? 

 

[scrog]

And how do I move it from coinbase to my electrum wallet? Every time I try, it says to enter a valid address. I copied my electrum addy,  and paste it on my coinbase, but says address is invalid 

 

[Gadawgs]

I use xcoins. First time with btc a few months ago. I didn't run into any problems, like with the fees. Glad I started using btc makes purchases go a lot faster.