Quote:
Originally Posted by Tropics
So I've read the last few pages of this thread. I understand that we don't want to deposit onto a poker site (one like Bovada for example) by transferring Bitcoin directly from Coinbase since Coinbase may then ban you. So instead we transfer from Coinbase to a wallet (one like Blockchain) and then from there we deposit onto the poker site. But I'm looking at Blockchain.com right now and they have the option to 'Buy Bitcoin' right on their own site. It's 4 steps: 1. Create account, 2. Verify Identity, 3. Upload documents, 4. Link Bank. All these same things have to be done with Coinbase.
So my question is why do we go through Coinbase at all? Why not just buy the Bitcoin right on Blockchain and then send it to a poker room directly from Blockchain? And I'm assuming that since the fourth step is "Link Bank" that once I withdraw from the poker site I can send US dollars from Blockchain (after selling my Bitcoin on their site) to my bank and just drive over to the bank to pick up the cash. Am I missing something here?? Thanks for any and all help in advance.
I don't think buying from Blockchain is an option for everyone right now (certain states)... what you are saying would work, but the only other factor is the market price Blockchain offers, compared to an exchange like Coinbase or Gemini... regardless of where I buy BTC, I still will always send to an intermediate wallet just to add the extra layer as to not link my transaction to a gambling site. You may want to check out the SquareCash app, as I am able to buy BTC in it, and withdrawal (you just aren't able to deposit BTC into the app like a regular BTC wallet)