Quote:
Originally Posted by EndTheFed
^ All of this.
Depending on what state you live in, you can use Coinbase or Circle as your bitcoin exchange to buy and sell. They attach to your bank account like PayPal or other e-wallets.
Then you want to set up your own separate bitcoin wallet... I'd recommend Blockchain.info. They have a FAQ page that answers some basic bitcoin questions and explains how to use the wallet.
https://blockchain.info/wallet/bitcoin-faq
To deposit to WPN you will send bitcoin from your Coinbase/Circle account to a newly created address in your Blockchain.info wallet. Then send from there to your WPN deposit address.
To withdraw you just do the opposite... create a new address in your Blockchain.info wallet and give that to WPN. After they've processed the withdrawal you send it to your Coinbase/Circle account and sell the bitcoin.
Coinbase/Circle -> Blockchain.info wallet -> WPN
WPN -> Blockchain.info wallet -> Coinbase/Circle
The money should be in your bank account within 1-3 business days.
Coinbase charges a 1% fee, Circle has no fee.
Forgive me for bumping such an old post, but this part is confusing to me....as I have not ever had a "newly created" address that I send to from Circle to Blockchain. I haven't had trouble depositing, but I am just saying that each time, it has given me the same address each time on my blockchain account to paste into my Cirle account and receive money to deposit onto WPN.
I want to make a cashout tomorrow for the first time, and I don't want to miss out on some crucial process of getting blockchain or circle to generate a "newly created address" to transfer bitcoin from. Is that what you have to somehow do?