When was the last time you received bitcoin?

I don't think you can generate any new addresses so you can't send more coins to your wallet. Although any old addresses are still yours to keep forever. I guess it's possible to send btc to an old address and have it automatically converted to USD (I might do a small amount and try it as a test and see what happens. I'm guessing this will be frowned upon by circle since they explicitly say they are no longer buying/selling btc.

It's unclear but my read is if you are holding btc in your circle, it just stays as btc and you can use circle as a btc wallet. If you convert to USD, all your coins are liquidated and your account is now locked to USD. So circle now acts like paypal. Regardless you can't use your cash balance and send any btc.

From their site:

Note: We no longer offer the ability to buy and sell of Bitcoin. Customers who hold Bitcoin can continue to receive and send Bitcoin, but once they convert their balance to another currency, they will not be able to convert it back to Bitcoin. For more information, check out our help article about the changes, found here.

Yes, I was able to find an address on Circle around noon EST today. However, when I transferred money from blockchain to circle this afternoon I was unable to get any more address on circle. I think they are providing us with 1 last transfer.

Yeah, it seems we have to use another Bitcoin broker, they recommend Coinbase. It sucks they dropped their users with no previous warning or enough time to get ready. They are not dedicated to send and receive payments.

i see no address on my pc, but i see address on my phone on circle

So does this mean we will now have to withdrawal money from Bovada like this?

1. Bovada to Blockchain
2. Blockchain to Coinbase
3. Coinbase to Personal account

You can do Bovada/Ignition > Kraken > Bank. You will need to go through multi-step verifications to get the wire transfer set up though.

are there any fees associated with Kraken? How long does it take to go from Kraken to Bank?

Kraken rules. There are fee's but they are not hidden like circle and coinbase. Check out the Kraken website.

wire transfer costs $5 flat fee per transaction.

I'm assuming the $5 is from kraken to my bank. If I go the other way, I pay my bank a wire fee which is around $25.

Edit: In visiting the Kraken site it seems they can initiate a kraken deposit via wire to avoid me having to pay $25 to my bank. That's better but not sure why they can't process ACH which is free.

Coinbase 4% for whatever other fees they have is better to just deposit with Visa, if you dont care much on someone tracking you, no? Also their $50 deposit limitation on the (new) account is really low. I guess if you use them at all, is better to use it to withdraw because the higher limits.

Might have to look into Kraken.

I've had a coinbase account for a number of years. Pretty sure the fee is 1.5%. I remember doing a verification process with them and my deposit limit is $2500

Also if you use their sister company GDAX to sell bitcoins, you pay ~ .3 % and cashouts are free.

yeah

would it be possible to just have my girlfriend open a circle account, have the poker site send to circle and then send circle to circle? they are still dealing in btc just not btc addresses with anonymity... circle to circle is still part of their program

nvm dumb post... they still have to send from a btc address... kraken and cb it is

All I have to say is ****ing ****. Why does this **** have to happen. I saw an email from circle today and it was titled "Good News! Big changes coming!" or something. No, circle. This is the worst news possible.

any one know the coinbase fees for cash out to paypal? or is that just a bad idea overall?

Correct. It's the same process as with Circle but substituting Coinbase as your exchange instead.

Yeah, Coinbase fees are 1.5%. And if you do some basic verification you can have your limits increased.

The only real loss with Circle was the ability to buy bitcoin instantly with a debit card without fees. But there are many options for selling bitcoin.

Along with selling bitcoin on Coinbase and having the money deposited to your bank they also have a bitcoin debit card that attaches to your account. When you swipe the debit card the bitcoin in your account is converted to USD at that moment without extra fees.

And my recommended first option for cashing out is still the Bitpay debit card. It's the fastest way to go from Ignition to cash in hand, there are no fees, they have high limits, and you can convert and hold the balance in USD to minimize the time you are exposed to the bitcoin exchange rate.

Hahahaha you guys in this thread freakin crack me up. "Worst news possible" huh? Lmfao one little company decides not continue their business model for whatever dumb reason and the world is coming to an end. I can think of a hundred other Bitcoin or online poker related scenarios that would actually qualify as worst news possible. As I'm sure others can imagine...

So generally speaking how long is the process from Coinbase to my WF checking account without a debit attached?

Standard ACH transfer time, around 1-4 business days.

I'm completely new to bitcoins and my question probably will look stupid but.. is it possible to cash out from Ignition directly on Coinbase? In case it is, is there a specific reason why most of the people uses in any case Blockchain first and then moves the BTC to Coinbase?



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You should withdraw from Ignition to your own wallet, and then to your exchange.

The exchange will close your account if they detect a transaction with a "gambling" site. Breaking the direct link between Ignition and your exchange gives you plausible deniability. They can't say for sure that it was you that withdrew from Ignition.

Ignition -> New address in your Blockchain.info wallet -> Exchange

It only adds minutes and a few cents to the process, no reason not to do it.

haha +1

it's a slight inconvenience/hurdle but it's not black Friday

bovada to ignition was way worse for me than this

Wait, what's happened? I use circle/blockchain/ignition method, and used debit card for deposit/withdrawal to circle. Did they block something?

edit: looks like Circle is no longer an exchange. So coinbase it is? Why is anyone recommending Kraken?

I live in Nevada which is restricted from ignition