That's exactly what I said. Do you not know what "intermediary" means? That's exactly what it is.

That's not exactly what you said. You said "Blockchain was an intermidiary between YOUR ACTUAL BITCOIN WALLET and BANK or IGNITION/BOVADA. Coinbase is a bitcoin wallet that'll transfer your coins to bank." Coinbase is not a wallet. It's a financial exchange. Blockchain is a WALLET. Coinbase is actually the intermidiary between your wallet (Blockchain) and bank. And in the general sense, Blockchain is the buffer/intermidiary between the gambling sites and your financial exchange/linked bank account. So, this last sentence is what you meant, but not what you said.

So I did the xfer to blockchain and now am xferring to coinbase. Went to coinbase and noticed I already had an account, logged in to see I must have got some $10 promo in May of 2014 that was now worth $22 and change. Nice to find some more money I forgot about, haha. Whole process has been smooth so far, just waiting for my Blockchain money to sow up in Coinbase. I like the security both sites offer.

req 2/1/2017 11:40pm
rec in BC 2/2/2017 2:01 am
sent to coinbase took about 30mins
now sending to linked bank account.
Lost $22 in fees to Coinbase to withdraw to my bank.

I just wanted to post and say it's refreshing to see people helping each other and taking the time to post advice to others, especially EndTheFed, if I ever meet you, I owe you a beer.

Over the last few years I have been posting less and less because this place turned into a troll fest so it's nice to see there are some good guys left as well.

Looks like my xfer from blockchain to coinbase is getting held up since the money from bovada to blockchain is still pending. Weird that it even let me xfer out money that was "pending" Any idea how long that usually takes to clear?

Has anyone had any issues using bank wire from kraken to your bank account? My last two (to two different bank accounts) have returned a failure message and they are taking forever to respond via email.

Another 3125 withdraw processed within a few hours BTC. By this point, I am not worried at all about their payouts. Super fast and efficient.

I also openly transfer to and from coinbase without any problems, bypassing blockchain altogether.....still haven't gotten banned. Processed about ~40k worth of BTC so far in the past 4 months.

requested 1000 last night, already in my coinbase

i withdrew 505 off ignition the other day using BTC. only problem i had was transferring from my wallet to coinbase took over 12 hours cause i only spent 10,300 satoshis (10 cents) fee. im new to this whole thing but im loving bitcoin!!!!

bitcoin is amazing. and ignition is killing it so far

anyone who uses coinbase having any longer than usual pending transactions going on? usually its verified in 30 minutes been going on 45 minutes now and nada

I am new to this and just made my blockchain and coinbase accounts to withdraw. I am just curious about the fee, I see it states on coinbase there is a 1.49% fee to withdraw to a US bank account. Are there any other hidden fees? Also is the exact amount received in bitcoin worth the exact amount you withdraw for? Or can it vary a few %

Agree, I avoid the drama of a lot of other areas and pretty much stick to this and other threads to help with bitcoin.

I like being able to help but it's really cool to check the thread and see that others have already answered the questions. It's cool to be part of a thread that's actually positive and productive.

Yeah, you can send bitcoin that hasn't confirmed yet - the second transaction just won't confirm until the first one does.

It's hard to say how long that will take because it depends on how busy the network is, what fee was attached to the transaction, and variance.

You shouldn't do that... but it's your money and your decision.

For anyone else: you should always send to your own wallet in between for multiple reasons.

It's not just about your own risk. Breaking direct links between Ignition and exchange actually helps everyone because it makes it tougher for them to connect which addresses belong to Ignition.

On average it will be 30 minutes, but in reality it can vary from minutes to hours. So that's normal.

No, they don't charge any fees other than the 1.49%

The amount you receive in bitcoin from Ignition will be calculated using their exchange rate at the moment they send your withdrawal. I don't know which exchange rate they use but in my experience it's pretty close with Coinbase.

From the time they send your withdrawal to the time you sell bitcoin on the exchange you are subject to fluctuations in bitcoin price.

If done correctly that whole process should only take on average around half an hour. The price will most likely have changed slightly and you'll be up or down a fraction of a percent. But the amount you receive should be pretty close to the amount you withdraw from Ignition.

If you're concerned and want to minimize the exposure to exchange rate on a larger amount you can break it down in to multiple smaller withdrawals.

Bitcoin Network Update:

The network is busy again. If you're sending a transaction from your wallet make sure that it uses a higher than normal fee.

If the fee your wallet sets is not at least 0.00035 bitcoin you should manually raise it to that.

If you're at all concerned with whether Ignition will send your withdrawal with a large enough fee you should wait awhile to request a withdrawal.

If by chance someone from Ignition happens to read this... make sure your withdrawals pay the extra pennies in fees so that your customers get their money quickly.

Max withdrawal

Req Jan 31 8pm
Approved and Rec in block chain Feb 2 3pm

Cash in hand 4pm

Good job ignition

rec in bank 2/3/2017

Oops. Max withdrawal = 3000 in my last post. Was thinking about checks

First Bitcoin w/d stuck in limbo... been pending as an unconfirmed for more than 24 hours trying to transfer from wallet to coinbase.

Is this ever going to go through? Can I speed up process/ start over(used standard fee rate from multibit)? Why is this btc "unconfirmed" it's been in my wallet since January 30th?

Help, thanks

going to be making my first withdrawl on ignition soon. is there anything they need to verify my ID. should i only withdraw a certain amount? i'd like to withdraw around 400$. i'll be using request withdrawl to blockchain --> coinbase --> my bank.

thanks a bunch!

hey guys i did a thread search and couldnt find this answer.

i see that Ignition is no longer offering free cashouts every month...only 3 per year now or something. so what are the fees involved in doing additional BTC cashouts?

it doesnt show any fee before I submit even though I've already used my free withdrawal.

same thing for me i really hope it goes through today i needed this money. anyone have any ideas about this

was it slow to be verified from ignition into your first wallet? im just approaching 24 hours now awaiting verification its still pending. really annoyed needed this money today

from what i gather the demand is through the roof right now and ignition is not pyaing a high enough fee so its getting stuck in limbo until someone finally picks it up, is there anyway to cancel pay a higher fee and redo the process?

Like the others posted it's a safe guess that it has to do with the transaction fee, but if you want to PM me the link to the transaction I can look at it.

Click on the transaction in your wallet, click next until it shows the Transaction ID and has a link to view on Blockchain.info.

The problem with using the MultiBit wallet is that it doesn't have dynamic fees... meaning the wallet won't automatically adjust the fee needed based on demand at the time of your transaction.

So going forward you should either use a different wallet, or set the fee rate to the highest setting. That would mean you likely overpay during non-busy times, but it would only be pennies extra.

Bitcoin withdrawals are always free.

Update: Check arrived shortly before New Year's Day, and was recently processed through my bank. Cash out complete.


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