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In short: How do I set up "instant verification" on Coinbase? More info: I think it may have something to do with the size of the bank. Apparently large banks are easier to do and small banks are not.
Although Coinbase updated this statement about instant verification this month, I cannot seem to figure out how to do it.
Any insight would be very helpful. This is not the typical process of waiting for 2-3 days fro micro-deposits, this is supposed to happen immediately. Thanks!
From their support page:
December 12, 2013
"Instant Account Verification allows you to verify your bank account instantly so you can start buying and selling bitcoin right away. Your online banking username and password will be requested - these are used for a one-time verification step. Your username and password are not stored in our database and once your bank account has been verified the logs of your activity are deleted."
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Did they also disable their "instant verification" option that allows you to provide your banking password (not just your account and routing number) so that they can make a deposit and instantly verify it (not have to wait 2-3 days for the microdeposit)?
Thanks
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What the OP is overlooking is the amount of infrastructure that is rapidly being developed to facilitate Bitcoin use. There are significant investments into companies that are developing and refining services to fill the demand. Many of these services are in their very early stages. As the reliable services rise to the top because of their ease of use, Bitcoin will begin to fulfill it's potential.
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What is the safest place to import the private key to?
I use Blockchain with Google 2-FA to sweep private keys, it's a breeze Google 2-FA requires a mobile phone right? |
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What is the safest place to import the private key to?
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If a person has a "paper wallet" how can they transfer BTC to another person. I'm sure there are several ways, but what are they?
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1. Does anybody know how long it takes to withdraw to a US bank from Coinbase?
2. How long does it take for Buy and Sell orders to register? Is it immediate?
Buy/Sell orders typically take 7 days to complete. Warning though: If you buy, and the price goes up in that 7 days, there is a high probability that they will cancel your transaction. What exchanges cancel transactions? Do they have this written into their policies? |
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1. Does anybody know how long it takes to withdraw to a US bank from Coinbase?
2. How long does it take for Buy and Sell orders to register? Is it immediate?
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You can spend some of the unspent outputs or you can spend all of them. Regardless, once you import the private key into a wallet on a computer you should dispose of the "paper wallet". If there are any funds left in the wallet on the computer when you are done with your transactions, and if you want to return those funds to a "paper wallet", you can create a new "paper wallet" and create a transaction to assign the remaining unspent outputs controlled by that imported private key to the new paper wallet.
In this scenario where funds are left over from a transaction, is the recommendation to transfer those funds to a new paper wallet to avoid storing the funds online? And yes, fiat is what I meant. And yes, these are technical questions to me, but if the thread belongs in another forum that's fine too. Thank you |
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drugs
Nope, they were here a long time ago. |
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Where does the offline passphrase play into this?
What "offline passphrase" are you talking about? You haven't explained what you're trying to do. I assume you have a "paper wallet", and you're trying to figure out what to do with the private key when you want to use (spend or sell) the bitcoins, but I'm not sure. As of now I don't have anything, but you are right. My questions is exactly what you stated. Do you need the private key to spend or send the BTC? Does the paper wallet private key have to go online in order to do this? Thanks i think you may be confusing some things. you send your bitcoins to the address on the exchange you wish to use.. it functions as your wallet. so let's say you have some coins in your blockchain.info wallet.. you would need to transfer them to your bitcoin exchange (localbitcoins.com, btc-e.com, mtgox, or whatever) wallet. this wallet is created once you open up an account. This is not exactly the question. Danny Hamilton had it right in his previous post. The question is: With an offline "paper wallet" and " passkey" does the " passkey" have to be used to send or spend the BTC? Does this mean that eventually the " passkey" will need to go online? In most cases people import the private key into a wallet on a computer that is connected to the internet to create the transaction. Then they create a new paper wallet with a new private key and send any remaining funds to the new wallet after they've spend/used the funds they want to. In the scenario of importing the private key into an online wallet for the purposes of sending funds to another person what is an example of a good online wallet for this purpose? Can portions of funds be imported from an address or does the entire portion have to be imported? Thanks |
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Where does the offline passphrase play into this?
What "offline passphrase" are you talking about? You haven't explained what you're trying to do. I assume you have a "paper wallet", and you're trying to figure out what to do with the private key when you want to use (spend or sell) the bitcoins, but I'm not sure. As of now I don't have anything, but you are right. My questions is exactly what you stated. Do you need the private key to spend or send the BTC? Does the paper wallet private key have to go online in order to do this? Thanks i think you may be confusing some things. you send your bitcoins to the address on the exchange you wish to use.. it functions as your wallet. so let's say you have some coins in your blockchain.info wallet.. you would need to transfer them to your bitcoin exchange (localbitcoins.com, btc-e.com, mtgox, or whatever) wallet. this wallet is created once you open up an account. This is not exactly the question. Danny Hamilton had it right in his previous post. The question is: With an offline "paper wallet" and "passkey" does the "passkey" have to be used to send or spend the BTC? Does this mean that eventually the "passkey" will need to go online? |
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Where does the offline passphrase play into this?
What "offline passphrase" are you talking about? You haven't explained what you're trying to do. I assume you have a "paper wallet", and you're trying to figure out what to do with the private key when you want to use (spend or sell) the bitcoins, but I'm not sure. As of now I don't have anything, but you are right. My questions is exactly what you stated. Do you need the private key to spend or send the BTC? Does the paper wallet private key have to go online in order to do this? Thanks |
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go to localbitcoins.com , you'll be surprised that your neighbor has more bitcoins than you have.  I am more interested in the process of putting it onto an exchange. Do you have to give the exchange the blockchain address password at some point? All you have to do is create an account and transfer the bitcoins the address generated. Then you can sell it for the market price. I recommend coinbase if you are in america. Where does the offline passphrase play into this? |
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go to localbitcoins.com , you'll be surprised that your neighbor has more bitcoins than you have. I am more interested in the process of putting it onto an exchange. Do you have to give the exchange the blockchain address password at some point? |
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Once a person buys BTC, how can they convert it to cash if they decide to not store the passphrase online? Is the address key (password) necessary to do this?
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Does anybody have CampBX contact info? I see a media contact, but even this is not working from my email.
No email or phone number is readily viewable.
Thanks for any help
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