Who here uses Bitcoin?

[aspkin]

I'm curious.

I find accepting Bitcoin is becoming easier and easier throughout the years, more people are using Bitcoin.

Where in the past it was difficult to get into it's as easy as creating a PayPal account now .. much easier actually.

1. http://www.coinbase.com/ -- It makes sending and receiving bitcoin easy!

2. http://www.bitpay.com/ -- Not as good as Coinbase.com but it's another option.

Instead of sending funds to email like PayPal, you send funds to a BTC address. You will see your BTC address once logged into Coinbase or BitPay.

Make sense? Maybe we should have a Bitcoin section in the forums.

[bjammin]

I use and enjoy bitcoin. I also use coinbase.com and couldnt agree more that it is extremely easy. It seems like transactions take longer when first starting out, as far as, buying or selling bitcoin to/from your bank. But now, it hits my bank within 1 day usually. And using it on my iPhone is def the best part about coinbase.

I did have one issue where they wanted to confirm my identity via webcam. They wanted a pic of my myself and a pic of my Drivers License. I could not get a good enough pic, or couldnt get the right angle for the license, or something. Anyhow, after about 20 attempts, and using 3 different computer, I had finally got it to work. Anyhow, that was my only bitch about coinbase.

[aspkin]

Transactions used to take 30 minutes to verify.. now an hour.. but that's just because BitCoin is hitting it's limits at processing. They're working on fix for that.

BitPay is another good one.. they're not as fancy as Coinbase but they get the job done.

localbitcoins is nice too

[TGMT²]

I was told to get it, but still haven't jumped in yet.

It's on my early 2017 to-do list.

[Klemantina]

Been using for a while, it complicates the taxes a little. I'm more into the future of blockchain. Here is something that opened my mind about what the future holds.

Don Tapscott: How the blockchain is changing money and business | TED Talk | TED.com

[Play]

Originally Posted by Klemantina

Been using for a while, it complicates the taxes a little.

Not really. Just use a service like bitpay which withdraws to your bank automatically at the end of each business day (assuming you reach minimum threshold). That should ease your day to day accounting.

Doing it any other way is just a PITA as the currency is very volatile.

For more info, see: https://help.bitpay.com/8449-getting...lement-options

[aspkin]

Coinbase can auto sweep as well, which is handy.

Blockchain.info
best wallet

[123]

Completely agree, services like coinbase & bitpay, make it so seamless & easy that literally ever business should incorporate it, and the security of not having to worry about chargebacks, should make it a no brainer for all sellers

[BlackLion]

Everything sounds good except picture, and drivers license.

Update: I think I'll pass on coinbase, as many other users of that service complained about feeling uncomfortable sending in a photo copy of their drivers license. This is privacy concern imo. Almost as bad as aliexpress requesting photo copies of ID and Credit Card in order to make purchases.

[empirestate]

I use coldstorage BTC apps. So simple, even a caveman can do it. It takes literally less than 5min to start receiving and sending BTC. Bankers will try to control BTC in the future just watch. If you are not using BTC, you are missing out.

[vogeltron]

I am all for a Bitcoin or Cyrpto Currency section. I am quite surprised more people aren't into on here.

I use Coinbase to accept my Bitcoin. I am personally one who rarely sells Bitcoin. It is deflationary by nature and I expect to continue to appreciate as the infrastructure and network grows.

I like the Bitcoin Vault feature on Coinbase. I had a few Bitcoin I got in like 2010 on a wallet I lost and a friend was able to recover off my old Laptop. Will only use third party services here on out. To dumb with technology. Although I admit as we have seen 3rd party services can be more risky.

Coinbase is pretty cool because I can also get ETH on there as well.

[BlackLion]

Originally Posted by Play

Not really. Just use a service like bitpay which withdraws to your bank automatically at the end of each business day (assuming you reach minimum threshold). That should ease your day to day accounting.

Doing it any other way is just a PITA as the currency is very volatile.

For more info, see: https://help.bitpay.com/8449-getting...lement-options

Do they allow transactions of around $500-$1000usd for new users, and if so do they release funds within 24hrs?

[JamesNorth101]

Originally Posted by BlackLion

Do they allow transactions of around $500-$1000usd for new users, and if so do they release funds within 24hrs?

What do you mean by transactions?

Buying BTC, selling it, receiving it, transferring it?

[rsot]

Originally Posted by vogeltron

I am all for a Bitcoin or Cyrpto Currency section. I am quite surprised more people aren't into on here.

I use Coinbase to accept my Bitcoin. I am personally one who rarely sells Bitcoin. It is deflationary by nature and I expect to continue to appreciate as the infrastructure and network grows.

I like the Bitcoin Vault feature on Coinbase. I had a few Bitcoin I got in like 2010 on a wallet I lost and a friend was able to recover off my old Laptop. Will only use third party services here on out. To dumb with technology. Although I admit as we have seen 3rd party services can be more risky.

Coinbase is pretty cool because I can also get ETH on there as well.

You able to use the Bitcoin for stock trading yet?

[Play]

Originally Posted by BlackLion

Do they allow transactions of around $500-$1000usd for new users, and if so do they release funds within 24hrs?

For UK (and I assume US too) if you maintain the BTC currency for receiving and sending you should be fine.

If you move that balance into forex currency, then things are a little more strict and regulated.