Daniel schmidt
Member
- Joined
- Jul 31, 2020
- Messages
- 72
My send button isn’t responding when I try to transfer crypto to another wallet, it has worked fine up until a few days ago, thanks for any help
The issue I found out is the way the address I’m trying to send to is formatted, their are 3 different formats, one that start 1, 3, or bc1, mine will not work sending to the bc1, it works fine with the other 2,@Daniel schmidt I would HIGHLY recommend that you transfer the funds from Coinbase to a private wallet of your choice first before sending to vendor. Its really critical imo. Coinbase literally leases their blockchain analyzer to the DEA and other government organizations and like @SPMia stated, they will definitely block particular addresses that they have flagged. They will also seize your funds or close your account if they suspect you of doing anything shady. There are plenty of private wallet choices like Electrum or Wasabi for computers or Blue Wallet and Blockchain Green Wallet for cellphones. I have no idea if your issue is because the address if flagged (very likely tho!), but regardless i would still ALWAYS send to private wallet first.
The crypto has been sitting in my wallet for a week and has gone up 95$,am I able to send it back into my bank? , sorry I’m just learning the ins and outs of this, you have been very helpful, thanks@Daniel schmidt Ah yes theyre a bit weird with that i guess. Ive seen numerous people in the past report they've successfully send to bc1 addresses followed by numerous people saying they cant. Even the sewit adoption page here says Coinbase both has and has not implemented the capability to send to bc1 lol. Glad you figured it out. Still highly recommend sending first to a wallet you own the keys to due to their ability and definite usage of both freezing assets and suddenly closing accounts. I also know a number of people who've had their Cashapp accounts closed suddenly because they send btc to a flagged address.
I figured that out, just wish there was a way to send to this vendor, I have made numerous orders, all smooth, then the last address that they used is the one I can’t send to , I inquired about them giving me a different address that would work but haven’t heard back, maybe I’ll switch to a different crypto fender that does work for that bc1 addressYou mean are you able to cash out on Coinbase to make a profit? Then yes, you can sell the btc for sure on Coinbase! Im not sure of their process tho so i cant help there, but its definitely a service they provide
@DoomKitty Maybe this is a dumb question (I’m very newish to BTC I can do the purchase of and sending to another wallet- but reading what you say here, is there any way (since I’m reading about their tightness with DEA for example) that CB can watch where you send wallet wise before it goes to a vendor ? Or would they need a reason to be watching what u do? I’m about to move from CB to maybe Bl@k_Ch@in on my cell before I use a vendor.@Daniel schmidt I would HIGHLY recommend that you transfer the funds from Coinbase to a private wallet of your choice first before sending to vendor. Its really critical imo. Coinbase literally leases their blockchain analyzer to the DEA and other government organizations and like @SPMia stated, they will definitely block particular addresses that they have flagged. They will also seize your funds or close your account if they suspect you of doing anything shady. There are plenty of private wallet choices like Electrum or Wasabi for computers or Blue Wallet and Blockchain Green Wallet for cellphones. I have no idea if your issue is because the address if flagged (very likely tho!), but regardless i would still ALWAYS send to private wallet first.