What is Reddit's opinion of
Coinbase?
From 3.5 billion Reddit comments
100 reviews of this app found across Reddit:
Also good questions!
- The conversion rate to change between bitcoin and USD is 1%. We still want anyone on the fence to be able to take a test drive though. For merchants and organizations accepting donations, we waive these fees on the first $1,000,000 in payments.
- Similar to exchanges, the buy/sell spread is kept to a minimum. It's possible to check this data in real-time on https://coinbase.com/charts
- For those that want to accept bitcoin but exchange to USD, we made a resource page that describes exactly how this works: https://coinbase.com/docs/merchant_tools/payouts
I can definitely understand the questions about bid/ask, especially if larger amounts are involved. To make sure we completely answer any questions beyond the details of a reddit reply, I'll make sure the team reaches out to you on this for more specifics.
Brian from Coinbase here. If you'd like to control your own keys you can do this today on Coinbase through our paper wallets: https://coinbase.com/settings/advanced
We will be rolling out multi-sig support for the vault in the near future as well.
We've seen non-technical people struggle with storing their own keys (and it can be quite dangerous without careful diligence) so we think our vault product (which handles all security and backups for you) is going to be the safer option for most people. However, we completely recognize that a large number of users like yourself prefer more control, so we've put a big effort into offering those options as well.
tl;dr - you can store your own keys on Coinbase today, and we hope to make it even easier in the future
Don't be too hard on yourselves. It's a concept based on ideas that aren't familiar to most people. The current top post sums it up in a really accessible way.
While mining might be out of the question for the average person now thanks to custom designed chips called ASICs, you can trade dollars for bitcoins in different ways.
Localbitcoins.com lets you find people in your geographic area who are willing to sell their coins for cash. This is probably the simplest means to obtain them. But be sure to check their seller rating and treat it like you would an in-person craigslist deal. Use your head when meeting people.
The alternative is an exchange like CoinBase. Be sure to read up on the exchange you choose, like any industry there are companies who manage themselves well and those who don't. Someone will probably chime in with a better choice of exchange, I've only used that method once.
EDIT: Words.
https://coinbase.com/cherrycrush
Guys, I set this up so if any of you want to purchase videos. Just go on my clips4sale to see the prices and send me the equivalent in bitcoins. EMail me with the list of videos you paid for and I will give you a link to download them.
Sorry it won't be automated so you will have to wait till I see you paid to send the vids for now. I will see if I can set up a shopping cart next.
I never trusted MtGox, Bitstamp, BTC-e, but honestly...
I don't think this is important anymore if you use a US-regulated exchange like Coinbase or Gemini.
Edit: or if you use coinbase.com/multisig.
https://coinbase.com/ has just what you need.
Blog post about it. http://blog.coinbase.com/post/85268416132/using-bitcoin-for-political-donations
Also bitpay.com has one as well.
https://bitpay.com/bitcoin-for-political-donations
Edit: Are you allow to say who you work for?
FYI I emailed Coinbase about this, and this was their response
>APR 01, 2014 | 08:44AM PDT >Erik replied:
>Hi David,
>Thank you for bringing this issue to our attention. We did make a public response, you can see our answer here: https://hackerone.com/reports/5200
>Our engineers are aware of this development and concluded that the released information was not acquired through a security breach in our systems. Instead, the poster was already in possession of your email address and used our "Request Money" functionality to obtain the name given to our system on the Settings page of your account (https://coinbase.com/settings).
>Although this is an intended feature, we understand that some users may wish to not disclose information to third-parties that are able to obtain their email addresses. As such, we are working on improvements that will give users an option to hide their name from other users.
>I hope this clears things up. If you have any further concerns or suggestions to improve our service, please let me know and I will be happy to forward these to the team.
Obviously I emailed them back saying this isn't acceptable.
The blog post says "at least 12 hours" for sufficient liquidity. They waited ~~a couple days~~ one day when zrx was listed. I believe it started on a ~~Monday~~ EDIT: it was on a Friday morning, post-only orders began at 7am and full trading was available by 7:32am. The announcement occurred 19 hrs before trading began. USDC can be converted to USD in the wallets section. There will be another pump when BAT hits coinbase.com/ios app so keep an look out for that also. The wording for everything is exactly the same as zrx. Cheers.
https://www.reddit.com/r/Bitcoin/comments/6elxag/how_to_lose_8k_worth_of_bitcoin_in_15_minutes/
​
" Why I was targeted
The best working theory for why I was targeted was this tweet I made last week about Coinbase.com
"
​
There is absolutely no reason at all to paint a massive target on your back, and i would go further and say if you are actively encouraging the opposite you are part of the problem.
Sorry, we are not that far, that you can send Bitcoin (which is in its own a very new form of currency) directly to your bank account.
Therefor your bank would have to accept Bitcoin.
But there are services, where you can send your bitcoins to and then exchange it to any local currency they support.
eg. https://coinbase.com or https://circle.com (there are many more, with different properties and features)
Or: you find a merchant, who accepts bitcoin directly. more easier
To understand what bitcoin is and how to use it, a good basic site is...
After that, I recommend setting up an account at the following place to easily purchase bitcoin, send bitcoin, etc.
The cost is the bid/ask spread. If you take a look at this page at the top right corner you will see the spread: https://coinbase.com/charts
When you Buy from Coinbase, you are paying the Buy (higher) price and when you sell you are selling at the Sell (lower) price. The difference is about 0.5%-1%.
Another way to think about it is if you were to buy bitcoin from Coinbase and instantaeously sell you bitcion, you would be paying that spread and lose 0.5%-1%
consider a guide for people that want to simply play around with bitcoin, are not computer illiterate, and are too lazy to read.
- hot/exchange wallet:
1) make coinbase account
2) consider additional security (two factor auth)
3) done
- cold/storage wallet:
1) create address (public+private) at bitaddress.org
2) write/print both addresses
3) done
- withdraw/import cold wallet into exchange:
1) https://coinbase.com/paper_imports
2) enter private key
3) receive funds
4) throw away successfully imported keys
5) done
- deposit into new cold wallet:
1) create new addresses at bitaddress.org
2) write/print both addresses
3) https://coinbase.com/transactions
4) click send
5) enter public key and amount to send
6) done
- send funds/deposit into existing wallet:
1) https://coinbase.com/transactions
2) click send
3) enter public key
4) enter amount to send
5) done
There is no such thing as bad press. For every would-be investor that got scared off by the MtGox debacle, you have two others that had never heard of bitcoin and now want to enter the market.
Subscribers at the bitcoin subreddits are increasing. Coinbase is still growing at 7-10k wallets per day. Blockchain.info's wallets are growing at a consistent rate, and the number of bitcoin transactions per day is increasing very noticeably.
If any of those metrics ever started to stall or fall, then I'd be worried. But with every piece of bad news, the ecosystem just gets larger, and the price keeps chugging along despite the outside world proclaiming doom.
In short, controversy equals attention. And attention is what bitcoin needs to succeed, not rainbows and fairy tales.
Brian from Coinbase here. The BitLicense is only a proposal at the moment, and I would hope this is one area that does not make it through to a final version. But in the event it does, your suggestion makes sense about designating a beneficiary. I suspect many people will also name a beneficiary in their will, which we will have to develop a process to deal with.
Don't forget, in the current version of our vault https://coinbase.com/vault you can have multiple approvers as well, so if someone passes away, a quorum of remaining signers on the account could withdraw the funds. This is interesting, but only a partial solution (since many people will have funds in a wallet or individual vault also). Anyway, your main point is well taken.
My initial thoughts: there's some work to do here.
Two things that jumped out at me. Firstly, the "Invest" sub page. The graphic at the top shows $>>>VTC, then we go on to suggest the more convoluted route of $>>>BTC>>>VTC. Now I know direct fiat to VTC exchange is not easily accessible to all, but surely places like Vault of Satoshi and Bittylicious at least deserve a mention here? Or do we want to reinforce the belief that the only way to buy VTC is via BTC?
Secondly, a simple but very prominent typo on the "Details" page. The tag line reads "Vertcoin’s is designed to resist centralization…"
Edit: OMG, that Invest page is even worse than it first appeared. Step 2: "The most reliable way to purchase Vertcoin is to purchase Bitcoin first and trade it for Vertcoin. So, how do you get Bitcoin? Luckily that part is pretty easy. Just go to https://coinbase.com, sign up for an account there and buy your Bitcoin. Don’t worry – you don’t need to buy a whole Bitcoin right out of the gate. You can purchase fractions of Bitcoin. Once you have your Bitcoin, you need to exchange it for Vertcoin."
Might as well have added: "If you live outside the USA, your investment is not wanted."
> would it be profitable for me to set up something to mine bitcoins?
Not likely at this point. "Mining farms" have been built that buy custom chips (ASICs) in bulk, and use cheap labor and cheap electricity to run them. That's hard to compete against.
> can I use my current laptop to mine and profit somehow?
Not since about 3-4 years ago for bitcoin. The possibility exists for "altcoins" - alternate cryptocurrencies that use different mining formulas and don't have as many people doing the mining. You likely need a gaming laptop. Graphics cards have many more cores that can run in parallel, compared to CPU chips. If you mine an altcoin, there are exchanges where you can sell them for bitcoin or national currencies. You should read up a lot more on the subject and figure out the possibility for profit before putting any money in. Mining is a rapidly shifting business, like a gold rush was in the past. Once everyone is doing it, the chances for profit go way down.
> can bitcoin be easily transferred to cash,
These days, yes, but it depends where you live and what kinds of traditional accounts you hold. https://localbitcoins.com/ exchanges it literally for cash, in person, with all the risks of dealing with cash in person. Organizations like https://coinbase.com/ can hook up your bank account and make ACH transfers in some countries, but not everywhere.
You should sign up for a bitcoin wallet
It takes 60 seconds. If you don't know where/who/how just go with a coinbase online wallet. You can turn your coin into dollars, and transfer them to your bank account inside of a week.
More than one person asked you so why would you turn down free money? I want to be helpful. That was a fantastic and credible tale. You sound cool. And isn't one stranger helping another for no real reason so quintessentially human?
What a great thing to take part in, no?!
"Coinbase is also a wallet." Coinbase guarantees that they store 97% of BTC offline. During a security check it seemed they store even more offline, at the last review it was 98.8%.
And Coinbase is insured.
> Coinbase has revealed that its users’ online wallets are being insured through top broker Aon.
TLDR: Coinbase can help Bitcoin go mainstream in Europe.
This is no problem at all, and luckily if you live in the US there are numerous companies that let you do this.
Check out Coinbase's SMS feature. It will let you have control of your account from your computer and use it on the go from your mobile phone.
Cheers! You don't need a smart phone to use bitcoin on the go!
Yeah, fuck it. Me too!
Instant Purchase Complete 5,000,000 BTC has been added to your account!
You can view your new purchase from the transactions page.
Share This: I just bought 5,000,000 bitcoin instantly with @Coinbase! https://coinbase.com
Just press on the BAT Icon in Brave and select "Add funds". It will show you a few crypto option to choose from.
You will see there an BAT adress copy that and send now the funds from Coinbase to your wallet.
​
​
PS: If anyone hasn't done the quiz yet use my link and get your 10$ in BAT now. https://coinbase.com/earn/xlm/invite/0jghctf5
You're correct, there probably aren't any banks that exchange BTC into USD - although that's not exactly what I said;
>that all allow transfers to and from Bitcoin exchanges
But rather than discuss details of our language I'll explain how buying Bitcoin using a bank account works in the US.
Setup an account an exchange. This will take some KYC/AML verification, similar to setting up a new bank account.
Send USD from your bank to your exchange using an ACH transfer.
Your USD arrives at the exchange and you are given the equivalent amount in BTC.
You basically do the reverse to convert BTC to USD.
Popular exchanges in the US include Gemini, Coinbase, and Kraken.
P.S. - Gemini and Coinbase's USD holdings are FDIC insured, so I guess you could consider them banks in their own right.
Go to coinbase, sign up and link it to your facebook. This will get you 1 dollar in bitcoin, with which you can buy the humble bundle! Np. For the lazy people: https://coinbase.com/?r=53bdc42012fa7e213e000007&utm_campaign=user-referral&src=referral-link or if you don*'*t want to refer https://coinbase.com
-Edit: Thanks for the gold, kind stranger! :)
Coinbase does. They don't charge a fee when not converting to fiat. See: https://coinbase.com/merchants
The whole process takes less than a minute.
- Go to coinbase.com and click on Sign Up
- Enter in an email and password
- Verify your email
- Refresh the page on Coinbase and your bitcoins should be there.
Hey John,
I hope you find what you're looking for (I know that I can offer neither this amount nor the terrifically low rate), but is there a reason you don't want to just buy Bitcoin directly with your money and buy the Doge on an online exchange?
Anyone who sells directly for USD here has to cover risks, so it's unlikely you will get a price this low. It's actually below what DogePay.com says it's worth at the moment, and even they say right afterwards "Buying DogeCoin with USD is likely to cost up to twice the amounts shown here."
If you're going for the best bang for your buck, you might want to buy Bitcoin on a site like this and transfer it to an exchange site like Cryptsy, CoinedUp or BTER, where you can buy Doge with it directly.
I might add that this route is no more dangerous than transferring 2000$ directly to a stranger.
Cheers
I am web developer and i tested one of their button for a customer. And i know they use different user mysql databases from the subdomain commerce, they have separate from main website of coinbase.com
I bet the new employees of coinbase have no clue about this. :) that's why they told you are not register as a user with that email.
This might help you.
You could also buy bitcoin here https://coinbase.com, and use it on https://inhousepharmacy.vu. Then you can use the mail forwarding thing to get them to ship to UK. (just in case your card/bank doesn't work)
Make sure you buy extra bitcoin so you can pay fees.
Inhousepharmacy doesn't even ask for a phone number either.
Step 1, download the dogecoin wallet to your computer. Get that up and running.
Then
Step 2. You buy bitcoin or litecoin on coinbase, or kraken, or your exchange of choice.
then Step 3. you shapeshift it into doge.
No, it's not very easy.
Yes, it's a bit of a pain unless you understand computers and crap.
Hey! We're glad you stopped in. Let me take a swing at your questions.
> 1) where is the best place to get up to date bitcoin prices
https://coinbase.com/charts is well regarded. I also like http://www.bitcoinity.org/markets
You'll notice that those two sources put the decimal in a different place and that's sometimes confusing for new folks. One bitcoin is currently worth about $475.00 USD
> 2) how should I start bitcoin mining? Where should I start?
The time for mining has passed. I say this as a friend and a former miner. It is pretty much an industrial undertaking now and you're not likely to realize profit from mining.
> 3) can i bitcoin mine with my old Ipod?
Probably, but I'm not aware of any code that currently exists to do that. If you did write the code I can promise you that you will never earn any bitcoin (not even 0.00000001) - but the proof of concept is probably possible.
> 4) can i bitcoin mine with my iphone?
Probably, but I'm not aware of any code that currently exists to do that. If you did write the code I can promise you that you will never earn any bitcoin (not even 0.00000001) - but the proof of concept is probably possible.
> 5) will 3 and 4 be profitable in any way alone?
No.
> 6) What is the best website for desktop and IOS combined for bitcoin storing?
This is a tricky question. As a new bitcoiner I would suggest using the http://blockchain.info wallet on your desktop and iOS. We don't "combine" bitcoin storage - every wallet (no matter how many you have) is a standalone wallet... BUT, if you log into your blockchain.info wallet you can share the credentials between your desktop and iOS.
Good catch! According to their security page: > Up to 97% of customer funds are stored offline > > AND > > Funds not stored offline are covered by insurance
So yeah, only hot (online) storage is insured.
TL;DR: If you decide to cash out your bitcoins to a bank account we charge a 1% fee — but only after your first $1,000,000 in sales.
Volume discount pricing is available if your a processing more than $1,000,000 per month.
> If I paid you 20$ in bitcoin for a meal, and by closing time that amount was only worth 10$
No, this is wrong. If you pay for $20 in BTC, you get $20 in USD the same day. No fee at coinbase.com up to one million dollars then just 1%. Bitpay.com is 1% unless you pay $30 a month. You need to update yourself to the new FACTS
Coinbase.com (coinbase.com is located in San Francisco, CA)
Bitpay.com
> BTC transactions can take days
Transactions are instant, not days, You have stated THIS WRONG Also Each confirmation is 10 min. but you can accept like a meal with 0 confirmations without risk. Each confirmation is 10 min. and with each confirmation, your transaction become more and more secure.
Dumb phones with SMS will be OK. Several providers, including Coinbase now offer it presumably only in the US. But if the technology works, exporting it shouldn't be hard.
If you're looking for mostly buying and holding or making infrequent trades, may I suggest https://coinbase.com.
They're based in San Francisco and I find it very easy to use and they have better support than the other exchanges. Their price is based on Bitstamp's mostly and have a very low 1% fee. Other exchanges have slightly lower percentages but that happens when you're trading large amounts frequently. They may limit your buy amount in the beginning until you're identity is fully verified.
You can see more about them on /r/coinbase and view their chart on https://bitcoinwisdom.com/markets/coinbase/btcusd
Edit. Now noticing that you're using euros, may I also suggest https://www.kraken.com
Use the search function in this subreddit and /r/bitcoin to learn more about them.
Good luck with your trades, OP.
Coinbase does not leverage and is one of the most (if not the most) secure place to hold bitcoins: https://coinbase.com/security
Edit: It doesn't hurt that they have $25m+ in funding from reputable investors.
Coin.mx has been shady throughout their entire history, but in general customers seem to receive their bitcoins eventually. If you're in the US with a bank account, I'd recommend Coinbase:
You understand that bitcoins are highly divisible, right? Coinbase, probably the best option to buy bitcoin in the US allows you to buy as little as $0.10 worth.
EDIT: Added Coinbase link.
Hey man, if you find it interesting I though I could give you something to play with: $1.20 /u/changetip
There's no need for you to download a wallet or anything for that small amount, you can keep them in the changetip.com account.
If you wish to move your funds to spend on small stuff (You can buy a humble bundle for instance), I think just opening an online account like coinbase or blockchain.info would be fine.
Doesn't this number include wallets without any Bitcoins in it? Also, Coinbase stores 97% of their coins offline as cold storage in safety deposit boxes around the world. Everything is AES-256 encrypted [It would take more computation power than there exists in the universe to break an AES-256 key...] and copied to paper backups.
I think your coins are safe with them, but you should still be storing them locally [offline, not exactly locally] even if their storage method is probably safer than yours....
The Satoshi client (that's the common name of the Bitcoin client you're probably trying to use) may look like it's the official Bitcoin client, but it is not the only option out there. I would recommend that you try Blockchain.info's MyWallet, Coinbase (really easy to use - it's a wallet and an exchange all in one) or if you like desktop applications Electrum. None of these clients have any kind of blockchain download requirement.
Make sure the ticker is BTC - that's Bitcoin.
In the US., you can use https://coinbase.com or https://exchange.gemini.com
If you are fairly technical, you should google how to store it so that only you have access to your private keys and are control of your assets
Dollar cost average and buy in smaller amounts
you can do the same (BUT IT'S EASIER) with https://circle.com https://coinbase.com among others. the beauty of it is it's a technology. it's programmable. we can make it do whatever want as long as it adheres to the protocol (that keeps is secure/trustable etc.). choice is a beautiful thing
Well you have to expect that Dell, Newegg and company are getting paid cash. Coinbase only has a small margin per transaction, and it wouldn't take much for that margin to disappear if the price is dropping .3-.5% before they can sell. I don't know their burn rate or anything, but they list 33 employees on their site and claim to have raised $31 million in investment over the last 2 years. Startups with more capital, better management, and smaller teams have burned through more money many times in my lifetime.
Again, I don't have any info, but from the outside I'd be nervous that they are at best keeping even on every transaction and I have to think they are dumping all the coins they get.
i guess that must be it
Coinbase: Prohibited Businesses
> Narcotics, controlled substances, prescription and pharmaceutical services, drug paraphernalia, or any substances designed to mimic illegal drugs
emphasis mine.
Sadly there were no comments here on how to get bitcoin, and if buying BTC and then doing this deal is still profitable. If you are in the USA you can use coinbase to buy bitcoins from your bank account. They charge 1% to buy and sell BTC.
So it makes financial sense to buy bitcoins on coinbase and pay a 1% fee and then buy stuff on newegg using bitcoin to get that 10% off.
did you even read coinbases website before posting this? and why title your post Paypal?
https://coinbase.com/merchants
that is exactly how it works. "pay with bitcoin" in the checkout.
go to newegg and check it out.
Problem is it requires a central party and that's tricky when it involves money. It'd be very easy for this shortener party to change the link to something else and steal money that way.
But we'll see loads of abstractions for payments.
For example, you can send bitcoin to a facebook user, an email address, a twitter user, or to a reddit user, here you go 1 upvote /u/changetip.
Things like this
will probably become popular. And of course, instead of your address you can simply put up a button that automatically opens the address in a bitcoin wallet instead.
In short there's lots of ways, but taking 987aus8dhasd987ytasdgh and turning it into half the size probably isn't very interesting or secure.
Will put this on http://carbonclutch.com/ Anybody used Moolah's API to create a payment button like offered by coinbase?
I will create a .js script for that and share as well.
<a class="coinbase-button" data-code="f42cfcbfe026eaae02b32c6ad41e072e" data-button-style="custom_large" href="https://coinbase.com/checkouts/f42cfcbfe026eaae02b32c6ad41e072e">Pay With Bitcoin</a><script src="https://coinbase.com/assets/button.js" type="text/javascript"></script>
Yup, Coinbase actually guarantees green-checkmarked payments as long as the merchant has instant-exchange enabled:
>"When Coinbase sends an order callback with a status of completed, and you have instant exchange enabled, it is safe to assume at this point the payout is guaranteed by Coinbase. Even if the transaction is reversed, Coinbase will still make the payment in the daily payout."
Hey folks! I was inspired by this gesture, so I did something similar :) Here you go: https://www.facebook.com/Paulo39/posts/10152250054137655 It is in Portuguese, as most of my facebook friends are portuguese. I did a small change, I'm giving more BTC to the first one to apply, then the second, and so on ($9,$5,$3,$2 and $1) and I'm recommending electrum as a wallet.
In case anyone wants to contribute to the "pool prize", be my guest (I have a ChangeTip account or you can also pass by https://coinbase.com/PauloOliveira )
Cheers!
To the moon :D
If you're in the U.S., you're best bet is:
A bank account is required, as well as some verification. If you get fully verified and provide a Visa card as a back-up funding method, they offer instant buys up to a certain weekly limit.
For other options, or if you're located in another country, try:
A couple of options that work in most places are:
and the Mycelium Android wallet app's Buy/Sell feature.
https://coinbase.com/docs/merchant_tools/recurring_payments
I like your question. I wonder if the Bitcoin protocol can do this as well. I understand that we can't allow random pull requests (imagine the spam :D )
There are several payment providers that offer Point-of-Sale systems (PoS) that accept Bitcoin and can convert immediately to USD. Two such companies are Coinbase and Bitpay. These generally charge a fee of 1% or less.
On the other hand, if you would like to accept and hold Bitcoins and convert some or all of them to USD yourself using a service such as Coinbase, you can get the free Blockchain Merchant's App. See all the details here:
What's the copyright on that background? Can we just use it? Could you post a link so whoever is in charge of the website can change it.
This is obviously better, obviously not the background for the whole page, just the background for the header, a bit like how coinbase.com looks like
A site having an exploitable security hole is not exactly rare. It's happened before with Coinbase. They have a bug bounty program where they reward people for reporting these sorts of issues.
BitPay's pricing is detailed on their website, they (and Coinbase) are for people who want fiat directly from their Bitcoin customers. I don't think a non-profit would hold their Bitcoin, in the interests of foregoing risk from volatility, and they also need the money on hand to pay suppliers, workers, and marketers. Maybe they would hold a small portion, in case some of their interfacing entities start accepting it too.
edit: According to /u/Rassah, BitPay offers 0% fees to non-profits.
It's unfortunate you lost your bitcoin, but it was either as a result of your password being compromised (and no 2FA) or the fact that you had activated your API-key at some point. Coinbase's server itself has never been compromised.
Please note the difference between regular API calls and the activation of your API-key. See here to learn the difference, and how to turn it on or off: https://coinbase.com/docs/api/authentication
I'd highly recommend activating 2FA on your account, changing the password to something that's not shared by any other account you use, and sweeping your computer for bugs. Try AVG-free.
Here are a few common points that I have found:
- processing fees (2-4% cc vs. 1% bitcoin)
- BitPay and Coinbase both have plans that allow immediate conversion to USD for businesses that aren't comfortable holding BTC
- publicity (Seattle has a lack of locations that accept bitcoin)
I have heard good things about both Coinbase and Bitpay for merchants. However, Coinbase waives the 1% btc->usd direct conversion fee for the first 1mil of sales. https://coinbase.com/docs/merchant_tools/pricing
I think it is also important to address the fact that this is still a very new territory for merchants and there are bound to be some issues along the way (technical and political). A willingness to work through the growing pains is definitely important.
I am very excited that there are others soliciting business to start accepting Bitcoin and I wish you the best of luck.
You can buy BTC on coinbase.com or bitcoin.com Both will offer BTC and BCH. This sub is mostly focused on BCH but is also a place where people can come for censorship free discussion on Bitcoin as a whole (BTC and BCH).
Go to https://coinbase.com/ and make an account. Then you can buy Bitcoin with a debit card or by linking a bank account. Once the Bitcoin is in your account, order your ID, and then send the correct amount to the vendor's Bitcoin address.
To add to your point, most the internet retailers who "accept" bitcoin don't actually accept bitcoin. They use a service like coinbase, which accepts bitcoin on their behalf and gives them realcashmoney.
Why do they do this? To avoid the volatility.
From their website:
> When a sale is made, you can instantly sell the bitcoin received to Coinbase to avoid exposure to bitcoin volatility.
Bitcoin volatility is so real and such a problem, that the only way retailers will accept bitcoin is through services which guarantee that they'll take on all the risk.
You can now relatively easily buy them though, and convert them back when you accept them as a vendor (on https://coinbase.com for example). In that case, bitcoin is only the "intermediary" currency, something which is frowned upon by diehard bitcoin fans, but in my opinion it only strengthens the currency further.
I mainly use them to order food and groceries, when all takeout restaurants and a large drugstore started accepting them in my country.
Have you ever heard of bitcoin? You can get next day bank deposits, zero transaction fees, cheap monthly membership for unlimited transactions, zero chargebacks, and you get to cater a new demographic of users that might not have stopped by your shop.
Here is an example of BitPay's and Coinbase.
These guys are based in America too.
How is transparency coming along. When will we see a Team page with real identities like, for example, on Coinbase? https://coinbase.com/about
I'm not trying to stir the pot. Just want to hear if you have plans to become more transparent. I like to know who I'm dealing with when doing business.
In theory, you should be able to do this with Bitcoin to avoid the risk of a chargeback.
You sign up for https://coinbase.com/ and link your bank account so you can get the BTC back to fiat (regular) money.
Your client then buys as many Bitcoins with his CC on https://coin.mx/ which should settle instantly. He then sends you the Bitcoin to your Coinbase account which you can convert to fiat.
It's a great idea to have due diligence when connecting any 3rd party software to any of your accounts.
Read the permissions that the app requires. If it has no authority to withdraw bitcoin, it would also say so on this page once connected: https://coinbase.com/account/apps.
>Also, Bitcoin does not allow recurring payments right now, correct?
False.
https://coinbase.com/docs/merchant_tools/recurring_payments
It will also be made possible with multisignature transactions.
Bitcoin can be used at brick-and-morter retail locations. (see Coinmap to find examples of local places).
Most existing POS software doesn't yet support Bitcoin integration, so you'll want probably want a cheap android tablet to handle bitcoin sales. Coinbase has a good merchant POS app.
Here's my Stellar XLM referral code. Any help will be reeaaaaally appreciated :).
My link -> https://coinbase.com/earn/xlm/invite/fq0c5nmw (1 Spot left)
It's a commonly referenced post - and it's entirely wrong.
​
Coinbase 100% insures their crypto hotwallets.
The problem - noone gives a flying fuck if their hotwallets are insured. 98% of Coinbase's crypto is held in completely uninsured coldwallets.
If their coldwallet is hacked - your Coinbase Bitcoin is goooooooone.
​
From coinbase.com:
> Coinbase prioritizes the security of our customer's funds, all digital currency that Coinbase holds online is insured. If Coinbase were to suffer a breach of its online storage, the insurance policy would pay out to cover any customer funds lost as a result. Coinbase holds less than 2% of customer funds online. The rest is held in offline storage.
>What does Coinbase have to do with withdrawing BAT from Brave?
What exchanges, like Coinbase (as an example) but <em>Uphold.com</em> in this case, have to do with withdrawing BAT from Brave is that the way you withdraw BAT from Brave is by linking your Uphold.com exchange account. Since people aren't as familiar with Uphold.com, I tend to give the example of linking a Coinbase.com account to the Brave Rewards feature inside Brave.
Since withdrawals go through such exchange accounts, and these exchanges offer tax forms, then assuming you withdraw through such an exchange, such tax forms may be generated for you.
So.. I know these are popping up everywhere, and I have done it, it does work.
However, the smart thing to do would be to join the r/cryptocurrency and understand what you have in your hands. If you utilise it right you may be able to increase it again. Don’t be quick to get a profit out of it, in some cases it may be worth trading through for as much of say.. litecoin as you can until August.
So, yes these referrals do work.
I have 4 invites left, should the OP have theirs taken.
https://coinbase.com/earn/xlm/invite/5chd7j1x
I’d recommend doing this, it’s not a scam, it’s worth it, but also probably worth sitting on it for a while rather than quickly withdrawing.
You need to confirm ID with Coinbase and blockchain but it’s worth it. Worth also knowing that Coinbase has a GDPR policy.
If you get into any issues trading EOS and XLM or BAT, let me know. I did, but figured it out in the end, so I’m happy to help anyone.
/u/backpackwayne and /u/Girlpirate , got someone posting this sort of thing in borrow. Here's the body of the post, let me know if this is an innocent share or a scam also
Mods delete if not allowed, but I wanted to share something with borrowers who may be in need of $50.
Blockchain is currently having an event for US citizens who sign up, you can get $50 of XLR by just verifying your identity when signing up for a wallet. It takes less than 10 mins. No code or anything needed
The XLR can be sent out to Coinbase and cash out to your bank account or PayPal (1 day) instantly.
I learned about it today and got $50,
You can also get another $10 from Coinbase by learning about XLR, for new and existing customers
Most crypto places that I've dealt with have required identification verification of some type. You can also get $50 in Stellar Lumens on Coinbase for someone more reputable.
Ok, so you're in for a good laugh my friends: the lady told me that if I hadn't responded to the e-mail she would have send me a taxation notice of 65 millions CHF because they would have assumed that the amount I declared for swiss francs was the amount of bitcoins I had.....
So basically they are requesting a document where my name, my account informations and the amount of cryptos as of 31.12.2017 is shown in the same place.
Meaning that they have absolutely no clue how crypto-currencies work ! So unless you are on coinbase.com or bity.ch with easy transaction history to show, you are screwed in Fribourg.
I plan to send all my cryptos to bity.ch every year on 20.12 as they are Swiss and they verify your identity and can make document on demand for you. But I really should not have to do all this, this is insane ! And this doesn't solve my issue for 2017...
Take your own conclusions from this experience my dear crypto fellas. Maybe I should give them the number of the Zug office (crypto valley canton) ?
I realize how much it has risen in the last few weeks. It has been an awesome ride. This post was meant to be solely for the CB launch. This launch was completely different than the ZRX launch. The day it was announced on CB Pro, the moment it was live on CB Pro with only a USDC pairing, how much it pumped before the Coinbase.com and App launch, the immediate aftermath. It has all been completely different then the ZRX launch. I'm interested to see if it pumps at all after the CB site / app launch similar to ZRX or if it will continue to drop in price. Just wondering what everyone's thoughts / opinions were.
Look in /r/DarknetMarketsNoobs for beginners...
But getting a PO Box just involves going to a post office and presenting 2 forms of ID. Different sized boxes cost different amounts, the smallest may be around $40 for 6 months' rental. The smallest boxes will fit most DNM packages, even those that don't fit, they'll just leave a slip and you'll get the package from the teller window. Yes, use your real name & ID... using fake stuff will only add extra charges should anything go awry (unlikely as that may be).
As far as bitcoin, buy them on Coinbase or LocalBitcoins. Coinbase is for bank or credit card buys. LBC has tons of options with different sellers (deposit cash to their bank account, etc). Just look around, you'll figure it out. You can also use CoinATMRadar to see if there are any Bitcoin ATMs around your area, that's another option.
There are other posts on this subreddit explaining the process, but here's the jist of it:
- put your IRL money on a coinbase account. This can take a few days.
- in the meantime, make a Bittrex account. This is were you will be buying your precious NEO.
- When the money arrives on your coinbase account, buy some BTC or ETH and transfer that to your bittrex account (I've heard ETH is cheaper and quicker to transfer, not sure).
- Using this BTC (sell your ETH for BTC on bittrex if needed), buy ANS (or NEO in the future). make sure to only buy whole amounts, if you try to buy 1,2342 ANS you will get only 1 but will have paid for the 0,2342!
- ?
- profit (we hope)
Hope this helps
None of my business, but I personally would at all costs not give into blackmail.
Anyways you may have to split it up and most likely will only be able to use visa and mastercard.
You can use Circle, Coinbase, and Uphold.
Most sites have a very low limit for credit cards, especially on new accounts, but if you split it up among several sites this should help.
If you can't find enough places to split it up in order to get 4 BTC then you can do a cash advance and use LocalBitcoins to deposit cash into someones account or use debit card on one of the sites listed. Be careful with those credit cards ;).
Please also keep in mind you cannot trust a thief.
I wish you the best of luck!
/u/DeafGuanyin is exactly right.
Much like /u/BitcoinXio and /u/DeafGuanyin suggested - you'd create a paper wallet, then send funds to it from https://circle.com/ or https://coinbase.com/.
But you'd encrypt the private key with a passphrase, which can be done on https://www.bitaddress.org/.
And then you come up with something fun for the passphrase. You could do something multi-staged, or single-staged.
/u/DeafGuanyin's example is perfect for single-stage. Make the recipient go to a location and find some information.
Multi-stage could be similar with multiple destinations. You could even make it related to the school. Make them get some detail from one location, then go to another location and get the next element.
But you should certainly be careful not to make it overly challenging or unfun. Simple is often times better with these types of things.
Yes exactly. Even Coinbase only has 17 Licenses with a consumer protection warning from their home state, California.
Coinbase recently started an exchange where you can connect a bank account and buy and sell bitcoins with money from a US bank. It's not as easy as giving your debit card information for an online purchase, but it's as hassle-free as I know of.
A remedy to having a single wallet location are online wallets. Coinbase allows you to store bitcoin in an online wallet that is managed by them. It also makes it slightly more convenient to pay with bitcoins online with bitcoin.
While this is more convenient, you have to trust the service that is holding your bitcoin, and you run the risk of losing your bitcoin is they are compromised. It's kind of like a bank, but without an FDIC guarantee. There are plenty of examples of times where online wallets didn't follow strict enough security standards, and lost large amounts of their clients' bitcoin.
I keep my small amount of bitcoin in a Coinbase wallet, but if you plan on having a large amount of value stored in bitcoin, I would recommend keeping a small amount in a Coinbase wallet for convenience and quick purchases, but to keep the majority in a personal wallet. To be even more secure, you can read up on the concept of cold storage or paper wallets.
I couldn't begin to help you with your problem, but I can offer an easier way to earn coins. If you go to the 'Tasks' section, do the ones that say something along the lines of 'Investment blahblahblah' (48 Coins). There are usually a bunch of them together, they take a few minutes tops to finish, and are EXTREMELY EASY to do. Do 10-20 of them a day, grab a few games, and then flip them for easy profit, or give them to your friends (like I do!)
In terms of Bitcoin, I've been using this site called QoinPro *Edit: This is a non-referral link, for future visitors and viewers of this post (Referral). The way it works, is that they deposit a very small amount of Bitcoin every day, and that is it. It takes a while to get anywhere with it (without referrals), but when you refer someone, it boosts the rate at which you earn coin, and when your referrals get referrals, YOU also get a boost to your coin daily earnings.
The other good thing about it, is that it also offers many different (and popular) cryptcurrencies, like FedoraCoin and DogeCoin to name a few, and they are always updating every few weeks with new currencies.
Now, the only bad thing about QoinPro, is that in when you make a withdrawal it'll have a fee behind it, but that is a minor fee at best.
Also, if you haven't done it yet, sign up for Coinbase and complete your profile, to get $5 in Bitcoin added to your account.
Sorry for the wall of text, but hopefully this helps you out OP!
Accepting Bitcoin is easy. Payment processors like bitpay and coinbase allow you to accept Bitcoin and instantly turn your earnings into real dollars that are deposited into your account daily. You have the option to keep a % of your earnings as Bitcoin as well. I believe Bitpay charges no fees, whereas Coinbase charges a 1% fee after your first $1 million USD sold, although you'll have to double check that. By accepting Bitcoin online, you will save money on transaction fees due to the traditional methods of Paypal and credit cards having higher fees. Because of this, it would be a good idea to add some sort of incentive for people to purchase in Bitcoin ;). Of course, that's up to you.
I'd suggest just clicking on the links and learning more.
Not 2 million, I have no idea where you're taking that number from. $63 million is blockchain.info's estimate. (And perhaps I should repeat that "transaction" in this case may be anything at all.) But it's also worth pointing out that we're seeing around ~80,000 transactions a day on the blockchain
And please offer better numbers. Until then, the best available evidence is what I'll use. I'll only "dismiss and ignore it" if it's proven false. It's a lesser evil perhaps, but I prefer it over wild speculation.
I'd go with Coinbase because they've got a few extra advantages going for them. Conversions happen at flat 1% rate and the cost is waived on your first $1,000,000 in payments. This simple business model has worked well for the likes of Dell, Overstock, Dish, Expedia, Wikipedia, etc
They've also got a dedicated service department for merchants to help answer questions https://coinbase.com/merchants
They're also a consumer wallet, which means there's already more than 1.5 million users (and potential customers) actively using the service. Coinbase also tends to offer more features when it comes to accepting BTC, rather than assume you'll always wish to immediately sell it.
But honestly, it's just great that you're opening your doors to bitcoin. My advice is to sign up with whichever one seems reasonable, and if you love it great. If you hate it, know you've always got a backup option.
Here we go again...
OP, there's no sense in harassing chat reps for the answers you're looking for. Follow the link provided to you and you can find their Terms of Service
>https://coinbase.com/legal/user_agreement
wherein they make clear they have very little liability for any losses incurred:
9.1. Limitations of Liability. IN NO EVENT SHALL COINBASE, ITS AFFILIATES AND SERVICE PROVIDERS, OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES OR REPRESENTATIVES, BE LIABLE FOR LOST PROFITS OR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE COINBASE SITE, THE COINBASE SERVICES, OR THIS AGREEMENT (HOWEVER ARISING, INCLUDING NEGLIGENCE). Some states do not allow the exclusion or limitation of incidental or consequential damages so the above limitation or exclusion may not apply to you. THE LIABILITY OF COINBASE, ITS AFFILIATES AND SERVICE PROVIDERS, OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES OR REPRESENTATIVES, TO YOU OR ANY THIRD PARTIES IN ANY CIRCUMSTANCE IS LIMITED TO THE LOWER OF (A) THE ACTUAL AMOUNT OF DIRECT DAMAGES; OR (B) FEES PAID TO COINBASE BY YOU IN THE PRECEDING THREE (3) MONTHS.
So the simple answer is if you somehow lose money, despite Joe's assurance that it's impossible, they won't be paying you back any more than you've paid them over the last three months. There's also a typical class-action waiver and dispute resolution agreement so you can't sue them if you don't like what you agreed to either.
Bitcoin is pretty simple, buy on coinbase.com, spend with gyft mobile app (iOs, android) at amazon, walmart, target, whole foods, starbucks, etc.
1000 bits /u/changetip
You do realize this is not different than begging on the street corner, right? You're basically just asking people for free money. People who have put in the time and effort to learn how to use and secure their bitcoin.
I am very happy to direct you to my personal Coinbase referral page, where you will get five dollars back when you buy $100 worth of bitcoin from your bank account.
Cheers, and I hope you take some time to explore this subreddit and learn a bit more about bitcoin before asking for a handout.
I like the idea of being able to send cash (USD) to donate. Some online-shops use it, and it's one of the best ways to send money to someone if there is no rush.
What I'd really like to see is <strong>Bitcoin</strong> donations. Bitcoin is pretty well know nowadays, and the devs can get USD even when the donations come as BTC.
Update: BTC donations are coming in June
If you use Wordpress, then there is a WooCommerce plugin that has the features you are looking for: https://wordpress.org/plugins/bitcoin-payments-for-woocommerce/
Or you can use a merchant service like https://bitpay.com/ or https://coinbase.com/- Both of these also give you the option to have all Bitcoin payments immediately converted into traditional currency.
Coinbase only supports USD conversion but Bitpay supports: AUD, CAD, EUR, GBP, MXN, NZD, USD, ZAR.
Good luck with your implementation, welcome to the Bitcoin ecosystem, and let me know if you have any questions.
While I'd still recommend holding some bitcoins for long term savings, your concerns about exchange rate risk are misguided as you can autoconvert 100% of you bitcoin sales to USD if you so desire and the payment processors guarantee the rate at the time of sale.
Bitpay charges a 1% fee for the basic service with $0 monthly charge.
Coinbase has 0% fees for first $1,000,000 in bitcoin conversions of bitcoin sales and 1% fee thereafter - and, again, zero exchange rate risk.
>You receive the exact amount of local currency you price your products at, guaranteed.