Are there any Canadians here using bitcoin to do withdrawals from poker sites in this thread? Could any of you walk me through which bitcoin and wallet you use to do large bank transfers? Would really be appreciated.

I don't understand your question. Are you looking to withdraw bitcoin from a poker site? What does that have to do with bank transfers?

Anyways, install jaxx wallet on your phone. send your bitcoin there. send your bitcoin from there to www.kraken.com and do a cad withdrawal from there. $10 fee.

poker site --> ~$0.2 fee --> mycelium android wallet --> ~$0.2 fee --> QuadrigaCX --> $0 wire fee up to 100k --> bank (RBC)

I am a Canadian withdrawing money off a poker site in bitcoin form trying to get it into my bank account

http://forumserver.twoplustwo.com/sh...php?p=45777172

Can anyone confirm Bucktotal suggestion as a secure way to transfer large sums of money?

It all seems legit. Once I get the bitcoin to QuadrigaCX do I click withdraw besides my bitcoin balance and just withdraw bitcoin to my bank account and it is automatically converted into CAD?

moon

For this to work, you must sign up to QuadrigaCX. It is an exchange. You will have to verify your identity and other bank info to make the wire transfers. they have many methods of cad withdrawal for different rates.

After you 1) transfer your bitcoin there from your personal wallet, you must 2) sell it on the exchange, then 3) withdraw the CAD to your bank.

Yes, QuadrigaCX and Kraken are both good exchanges for CAD withdrawal.

http://www.coindesk.com/bitcoin-judg...oinbase-users/

https://www.reddit.com/r/Bitcoin/com..._two_years_of/

Is there any potential in BTC mining or way too late to be profitable?

Very large overhead. You could join a pool but rather than mining I'd recommend you just buy and hold.

It's only profitable if you have free electricity. Even then, the margin is thin. You're competing against guys with near free electricity that make their own equipment in China. You can't afford to pay a XX% markup for equipment + a few cents for electricity and be profitable.

As noted above, buy and hold if you think bitcoin is a good idea.

**** BTC is strong like Bull! The fact it's rising like it is and the halving was 6ish months ago also says something. Still a long time until the next halving. If it continues to tick up over the next 3 years then halving kicks in, who the hell knows what it'll be at.

Posted on the WPN thread my problem but basically I'm trying to avoid the large forex fees that neteller would charge me to wire withdrawal to my Thailand bank account. Neteller states they cannot send in dollars which my account is in so they force a conversion to Euros at almost 4% before initiating the wire. Then it's converted again once it reaches Thailand.

I realize that many people do P2P transfers for this reason but I was wondering if there are ways with less risk involved online. Googling it I found two bitcoin exchanges which seem to be partners with neteller. The one is Bitpanda and the other is CoinCorner. Unfortunately neither of them seem to be open for someone from my country of Thailand.


Are there any others out there or rumours of ones to be opening in the future? That would be amazing for many of the players stuck in my boat. An exchange that allowed it's customers to deposit in Neteller $ and buy bitcoins on the open market.

Transferwise imo, unless there is some issue that prevents you from sending to them.

https://transferwise.com/

US court allows IRS to demand identities of Coinbase users

http://calvinayre.com/2016/12/01/bus...oinbase-users/

What does it say ?

What is "halving" ? (as it relates to a commodity or stock price ?)

Every 4 years the amount of btc earned by miners for creating the next block is halved.

It started out at 50 new btc roughly every 10 minutes, then 25, and a few months ago it went down to 12.5.

This means miners are essentially earning half of what they did before. They need to pay for equipment and electricity so it makes sense that upon halving the price of btc will increase.

Thank you !

I got an e-mail from bitstamp:

Dear customers,

I have some news I would like to share with you. In response to high levels of demand from our stakeholders, we are today offering savvy investors the opportunity to take an equity stake in Bitstamp on BnkToTheFuture.com, a global online investment platform that allows qualifying investors to invest in the future of finance and technology. As you would expect, bitcoin is of course accepted!

With venture capitalist Pantera Capital having already invested USD 10 million in seed funding, we feel confident that the smart money is on us. You are more than welcome to join us as we continue to bring prudence and sanity to our industry.

Operating as we do in a fledgling market with huge potential for growth, we are firmly of the opinion that the early bird does indeed catch the worm. This opportunity for qualifying investors to invest in Bitstamp is no different and could very well turn out to be the best way to welcome in your 2017, a year which holds great promise for our industry.

To get things up and running, we are giving Bitstamp customers a 24-hour head start before we go live on BnkToTheFuture.com. The round will close on 24 January 2017. Click here now to find out more and see if you qualify!

As ever, thank you for your continued loyalty and support. I look forward to welcoming you on board as a Bitstamp investor.

Best,
Nejc Kodric
CEO, Bitstamp


Anybody ever seen this site? It has various crypto currency type companies including ******** in a crowdfund sort of thing.

I got that email too. Seems odd for them to ask for investors in this way

I've seen Kim Dotcom (Megaupload.com creator who got his assets seized) advertise that site on Twitter couple of times.