Rookie bitcoin question:

When I am trying to attach Circle to a bank account, is it okay if I attach it to a savings account?

Or does it need to be attached to a checking account?

Thanks Fed, I should've listened from the start, circle is definitely the best. For the first time, the money in my balance right now feels real because of circle. If you say they wont get into trouble like coin mx, which i dont think they will, I see no issue with withdrawing. It's because with coin mx i had to call my bank to unlock my card each time i tried depositing. With circle i linked to my bank account and there was no issue. I also cancelled my debit card on friday because of the coin mx thing, im getting a new one today but the fact that the 3 deposits i made went through (15 each, i have 100 in balance now) with no issue is a really good sign.

New to BTC here. Once I setup a Circle account am I able to buy my BTC there or do I have to go to an exchange and buy?

Yeah, Circle would be who you are buying bitcoin from and selling it to.

When you buy they charge your bank account, and when you sell they deposit the money to your bank.

They want more info. I'm cautious to just flat out lie because I'm not really sure if I could be liable in anyway for that.
Really solid response time though! 5 days!

For my deposits, I always include a bogus message, like "Oh man dude, your stream is so entertaining, please accept this donation for the entertainment you've provided me!"

That should take care of deposits. If I get that email I'll just tell them I'm donating to people hosting twitch streams.

Not sure about withdrawals though. Oh, I could just say I stream as well and they're donations. Plenty of streamers use bitcoins as the medium to send/accept donations.

Anyone can corroborate this strat?

Making up a false story is never a good idea.

I agree, making up a false story isn't a good idea.

But in this situation, telling the truth doesn't appear to be a good idea either.

So...what should they do in a situation like that?


And I'm also just curious, to the original poster, if you dont mind me asking, how many times (and in what range of quantities) did you withdraw from circle?

They may need to collect the data, but I don't think you're legally obligated to answer. I'll need to research further but I think you might consider simply declining to respond.

What's your suggestion? Tell them it's for illegal online poker? That's a good advice, thanks!

Actually I have a better idea: Stop playing poker altogether. I like that better.

Why answer at all?

Wow buddy calm down. I would tell them nothing and if they did something like close my account would just go about it a different way. Telling them a lie can get you into a bad spot. I use blockchain for wpn and swc no problems yet.

K sorry, I didn't take my meds today.

Yeah, I don't know if you are legally required to answer... but they still might just close your account if you refuse.

That's not the worst thing ever, they will give you your bitcoin back and you'll be able to find another way to sell it. So it may be worth taking a chance to you.

I never tell anyone to lie because I don't want to be responsible for whatever happens. But I do know that if you answer with poker, or anything else on their restricted list, they will close your account.

Another option is to give yourself an alternate truth. Do something ahead of time that you can show as a legit method of having bitcoin. Might take some research and a little effort but shouldn't be too difficult.

Did you buy bitcoin first to deposit? You could have bought it from somewhere else like a Bitcoin ATM, Coinbase or LibertyX and now you're selling it on Circle.

I would assume that they (like any other business) have the right to not serve a customer for effectively no reason. I haven't read Circle's Terms&Conditions, but it may have something like "we reserve the right to refuse business with customers that don't comply with Circle" or something like that.




Out of curiosity, what are some "legal" things that people use bitcoins for?

Trading and speculation of bitcoin itself.
Buying and selling other cryptocurrencies with bitcoin.
Buying goods and services from legitmate retailers. (bitpay, coinbase)
Online tipping and donations.
Sending money worldwide.

Yeah, there are a lot of completely legal reasons for having and using bitcoin.

I think the last number I saw was that there is set to be $800 million invested in to Bitcoin related companies like Coinbase in this year alone... so even though the news may portray it as shady dark web money it has moved on to being a lot more.

To expand on Tim's list I'd say:

- People that just believe in what Bitcoin stands for and want to have some and help it grow.

- Using bitcoin to buy things online without having to give out your credit card info. That's a main benefit of paying with bitcoin, you don't have to worry about someone stealing your info or a site hitting you with fraudulent charges. Bitcoin is like cash where you push the money to them, they can't pull it from your account.

There are a bunch of small businesses that accept bitcoin and some large ones like Overstock, NewEgg, Microsoft etc.

- Buying bitcoin because you think the value will go up in the future.

- Actively trading bitcoin on an exchange like a stock.

- To send tips to people over the internet on sites like Twitter or Twitch.

- As a means of saving money outside of a bank account, but in a method more secure than holding cash.

- To send money to someone around the world because it is faster and cheaper than WU.

There you go. All legit reasons if they ask. Why can't we use any of them again, even if it's a lie??

Hey guys im new to this bitcoin thing. I have circle as of right now and deposited money into my circle account using my debit card. I never used blockchain or anything like that but just directly deposited money to ACR from Circle. I was wondering should I get Blockchain to or has anyone had trouble skipping that. 2nd question is how would i send money back to my bank? Hope this makes sense

You most definitely, 100%, do not want to skip the blockchain step. Be warned.

Definitely go through a 3rd party wallet - blockchain, your cellphone, something.

After you finally get the money back to Circle, just link Circle to your bank account (takes a few days to verify) and do a withdrawal from Circle. Withdraw's take a few days to process too because of the way bank transactions work.

Okay thanks, I set up a blockchain account and I will use them both. How do i verify my bank account through Circle. Sorry new to all of this.

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It's easy, they do it the same way as Paypal or other e-wallets.

You give them your account and routing numbers, they make a couple tiny deposits to your bank account, and then you log in to the site and verify the amounts.

I requested a bitcoin cashout around 630 pst (or whatever timezone they say they are in) and received it that same night, I think about 5 hours later. Insanely fast. This was a few days ago.

It took longer to set up a way to get cash for my bitcoin than to receive bitcoin from the site.

Are we talking money in your bank account, or just in one of the electronic wallets?

I like circle. Support is nice, professional sounding, helpful. The website design is cool, and modern. I have **** job, and **** salary, and all my money goes to rent. If God smiles on me for once in this **** life, and makes me win some tournaments this weekend, I'd like to think I'd get the winnings within a week.