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Old 06-05-2015, 02:30 PM   #376
e i pi
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Re: Bitcoin Deposits and Withdraws

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When you click Buy or Sell, the price you receive is locked in at that moment, regardless of market fluctuations between executing the buy or sell and receiving the bitcoin. The price of bitcoin can be volatile - by locking in the price you always know exactly what you paid for your bitcoin. You can find the price you bought or sold at on your history page.

coinbase faq
wow coinbase has a significant delay on getting your bitcoins and they lock you in on the price? I like how they sell it as a good thing when in reality if the price tanks over night as it has a few times before, you're pretty much screwed. I expected as much for going btc->poker but betting on the price staying stable over 2 days seems much more reasonable than 1week+.

Anyone have any experience with the more traditional bitcoin exchanges where you can keep dollar amounts on the exchange? That would seem to reduce the risk considerably because you only need to hold btc for a few hours before getting them to dollars. Bitstamp looks like it has a good reputation but I'm not sure if they take americans.
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Old 06-05-2015, 07:42 PM   #377
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Re: Bitcoin Deposits and Withdraws

I set up my bit coin wallets and requested a cashout about 4 hours ago....still nothing showing up in my wallet. Is this normal? Been reading people report it being in thier wallet in less than an hour.
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Old 06-05-2015, 07:53 PM   #378
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by BOOOOM!!!! View Post
Thanks EndTheFed.

I greatly appreciate all youve done in this thread. Im realyl starting to see that this is a much easier process than I initially anticipated

So the wallet I downloaded is Bitcoin core.

https://bitcoin.org/en/download

Is that just as good or pretty much the same thing as blockchain.info?
Agree with what FullTiltMode said about the Bitcoin core client.

If the only thing you want it for is as an intermediary wallet between Coinbase and WPN... then Blockchain.info will work fine. It's easier to use and you don't have to worry about downloading anything.

Blockchain.info actually doesn't have your private keys either, so they never have control over your bitcoin.

Quote:
Originally Posted by e i pi View Post
wow coinbase has a significant delay on getting your bitcoins and they lock you in on the price? I like how they sell it as a good thing when in reality if the price tanks over night as it has a few times before, you're pretty much screwed. I expected as much for going btc->poker but betting on the price staying stable over 2 days seems much more reasonable than 1week+.

Anyone have any experience with the more traditional bitcoin exchanges where you can keep dollar amounts on the exchange? That would seem to reduce the risk considerably because you only need to hold btc for a few hours before getting them to dollars. Bitstamp looks like it has a good reputation but I'm not sure if they take americans.
Right, Coinbase is selling you bitcoin that they have at the current price... but they won't release it to you until your bank transfer shows up.

There have been times where they ran out of bitcoin to sell and would take your money today, and then give you the exchange rate to be determined in a few days. For someone depositing $ on to WPN that works fine, but people that wanted a specific bitcoin amount complained.

Coinbase does have an option like you're talking about, but it's only available in these states so far:



They call it a "USD Wallet".

You pre-load your Coinbase account by sending money from your bank first, and when it gets there you can use it to buy bitcoin and they'll release it to you instantly.
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Old 06-06-2015, 01:02 AM   #379
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by FullTiltMode View Post
All bitcoin wallets wll get the job done for you in terms of transfering your money. The difference is in its usability anad security features. Bitcoin core is the wallet developed by the core bitcoin developers. The advantage is that you have complete control over your private keys and there is no third party risk. The downside is that you are storing your private keys on your computer which means that if your computer is hacked the hacker can steal your bitcoins.
OK thats cool i guess, so i just need to create physical backups of the keys and not store any digital backups on my cpu
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Old 06-06-2015, 01:04 AM   #380
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by doctavius View Post
I set up my bit coin wallets and requested a cashout about 4 hours ago....still nothing showing up in my wallet. Is this normal? Been reading people report it being in thier wallet in less than an hour.
I had to wait 18 hours for my first one.
about 5 hours for my second
and am on hour 13 of my third.

4 hours is normal i guess.
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Old 06-06-2015, 01:11 AM   #381
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by EndTheFed View Post
They call it a "USD Wallet".

You pre-load your Coinbase account by sending money from your bank first, and when it gets there you can use it to buy bitcoin and they'll release it to you instantly.
For cashouts (CoinBase to BofA)
Is that btc sale price locked from the moment you request it?
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Old 06-06-2015, 04:44 AM   #382
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by BOOOOM!!!! View Post
OK thats cool i guess, so i just need to create physical backups of the keys and not store any digital backups on my cpu
Do you want to save and hold bitcoin in your wallet, or are you just going to use it to go between WPN and Coinbase?

Quote:
Originally Posted by BOOOOM!!!! View Post
For cashouts (CoinBase to BofA)
Is that btc sale price locked from the moment you request it?
Yeah. When you sell bitcoin to Coinbase or Circle they will lock in the exchange rate at the time you process the sale. So you'll know exactly how much money they're going to send to your bank account.
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Old 06-06-2015, 10:17 AM   #383
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Wink Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by BOOOOM!!!! View Post
I had to wait 18 hours for my first one.
about 5 hours for my second
and am on hour 13 of my third.

4 hours is normal i guess.
Just figured out I have to verify my account first.
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Old 06-06-2015, 03:26 PM   #384
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Re: Bitcoin Deposits and Withdraws

Bah was trying this out, I set up circle and deposited with my mastercard which was instant, but blockchain is down. Should I wait it out or is there an alternate to use?

also, I'm just trying a small $10 deposit. Blockchain says that I have $10.00 available at 0.04401409 BTC however wpn is asking for .0445

What's up with that?

Last edited by harminoff; 06-06-2015 at 03:47 PM.
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Old 06-06-2015, 04:36 PM   #385
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by doctavius View Post
I set up my bit coin wallets and requested a cashout about 4 hours ago....still nothing showing up in my wallet. Is this normal? Been reading people report it being in thier wallet in less than an hour.
Check your transactions. If it's still processing obviously there's nothing to worry about. After processing the start of the transaction should occur (either within moments or minutes I've never actually watched it that closely to tell you which. It shouldn't take long after that, though, to be confirmed.
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Old 06-06-2015, 08:36 PM   #386
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Re: Bitcoin Deposits and Withdraws

Requested Bitcoin W/D from ACR 06/06 7am. ~5K.

Will update when I get it on my blockchain.
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Old 06-06-2015, 08:43 PM   #387
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by harminoff View Post
Bah was trying this out, I set up circle and deposited with my mastercard which was instant, but blockchain is down. Should I wait it out or is there an alternate to use?

also, I'm just trying a small $10 deposit. Blockchain says that I have $10.00 available at 0.04401409 BTC however wpn is asking for .0445

What's up with that?
Yeah, they're valuing them at slightly different exchange rates.

Normally you'd be able to adjust the amount you want to deposit on WPN down 10 cents or whatever it takes to make the numbers match. But since $10 is the min they won't let you do $9.90.

Are you still waiting to be able to deposit?
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Old 06-06-2015, 09:34 PM   #388
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Re: Bitcoin Deposits and Withdraws

Nah I just put another $10 circle, transferred it over to block.io and to wpn. Only issue I had was trying to figure out how much to transfer, so I left a few cents on block.io in the process. Would be nice if you could tell wpn how many bitcoins you want to transfer over instead of us currency and them telling you how much to send.

Overall though a pretty good and fast experience. Probably took 30 minutes in all.
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Old 06-06-2015, 09:45 PM   #389
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by harminoff View Post
Would be nice if you could tell wpn how many bitcoins you want to transfer over instead of us currency and them telling you how much to send.
Agree, it would make it a lot easier for people if they had both options.

Quote:
Overall though a pretty good and fast experience. Probably took 30 minutes in all.
Awesome, glad you got it worked out.
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Old 06-06-2015, 10:38 PM   #390
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by harminoff View Post
Bah was trying this out, I set up circle and deposited with my mastercard which was instant, but blockchain is down. Should I wait it out or is there an alternate to use?

also, I'm just trying a small $10 deposit. Blockchain says that I have $10.00 available at 0.04401409 BTC however wpn is asking for .0445

What's up with that?
Quote:
Originally Posted by harminoff View Post
Nah I just put another $10 circle, transferred it over to block.io and to wpn. Only issue I had was trying to figure out how much to transfer, so I left a few cents on block.io in the process. Would be nice if you could tell wpn how many bitcoins you want to transfer over instead of us currency and them telling you how much to send.

Overall though a pretty good and fast experience. Probably took 30 minutes in all.
probably gonna cost you $20 in CC fees for a $20 deposit.
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Old 06-06-2015, 11:56 PM   #391
harminoff
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Re: Bitcoin Deposits and Withdraws

I checked my account and I'm not showing anything extra taken out at all. I use a credit union so maybe that is why, idk.
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Old 06-07-2015, 12:16 AM   #392
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Re: Bitcoin Deposits and Withdraws

give it time......
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Old 06-08-2015, 12:15 AM   #393
BOOOOM!!!!
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Re: Bitcoin Deposits and Withdraws

Originally Posted by BOOOOM!!!!
OK thats cool i guess, so i just need to create physical backups of the keys and not store any digital backups on my cpu

Quote:
Originally Posted by EndTheFed View Post
Do you want to save and hold bitcoin in your wallet, or are you just going to use it to go between WPN and Coinbase?
Most likely for now ill just be using it to go between WPN and coinbase. At least until I find a good reason to hold BTC or use it for something else.
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Old 06-08-2015, 01:38 PM   #394
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Re: Bitcoin Deposits and Withdraws

getting ready to setup account with blockchain for the bitcoin option. Does circle offer a Bitcoin ATM card or would i need to go through a different bitcoin company to do that?
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Old 06-08-2015, 09:01 PM   #395
BOOOOM!!!!
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Re: Bitcoin Deposits and Withdraws

My cpu seems to be slowing down sometimes since ive downloaded bitcoin core, registered another wallet with coinbase. Even when the blockchain is fully downloaded I am experiencing lag on my internet explorer as ive never really seen before.

It does seem that it only occurs when I have bitcoin websites open, but I am not 100% sure that it is the cause. Can someone here tell me exactly what related to BTC (websites,wallets, etc) could be causing the slowdown, and at least a little bit on why they slow it down?
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Old 06-08-2015, 09:03 PM   #396
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by fozzy71 View Post
give it time......
So these payments cleared and still nothing. Got to love credit unions!
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Old 06-08-2015, 10:07 PM   #397
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by Troutfarm247 View Post
getting ready to setup account with blockchain for the bitcoin option. Does circle offer a Bitcoin ATM card or would i need to go through a different bitcoin company to do that?
Circle doesn't have a debit card, they just deposit the money in to your bank account.

Someone else can answer if they know of one... but the only bitcoin debit card that I know of isn't available to people in the US right now.

Quote:
Originally Posted by BOOOOM!!!! View Post
My cpu seems to be slowing down sometimes since ive downloaded bitcoin core, registered another wallet with coinbase. Even when the blockchain is fully downloaded I am experiencing lag on my internet explorer as ive never really seen before.

It does seem that it only occurs when I have bitcoin websites open, but I am not 100% sure that it is the cause. Can someone here tell me exactly what related to BTC (websites,wallets, etc) could be causing the slowdown, and at least a little bit on why they slow it down?
You don't really need to be using the full Bitcoin Core client for what you want to do.

I'd recommend trying Electrum if you still want to store the wallet on your computer, or Blockchain.info for a web wallet.
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Old 06-08-2015, 10:50 PM   #398
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Re: Bitcoin Deposits and Withdraws

So how do i get the password for the new depositor freeroll?
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Old 06-09-2015, 10:43 AM   #399
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Re: Bitcoin Deposits and Withdraws

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Originally Posted by harminoff View Post
So how do i get the password for the new depositor freeroll?
Make a first time deposit and they'll email it to you.
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Old 06-09-2015, 07:34 PM   #400
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Re: Bitcoin Deposits and Withdraws

Hmm does bitcoin not count as a deposit or something? I have my payment receipt but never got the code.
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