Newbie and buying 1st BitCoin Questions

[PenguinFire]

I understand.  What online wallet would be best for me for day to day gambling transactions?  Thank you for replying sir.

Don't use any online wallets. Use desktop wallets.
I recommend you Electrum. If you use different address on every transaction then there won't be a problem.
But remember that; If you want to sell Bitcoin and get cash, you need to launder this gambling btc. So you've some options;
1- Using bitcoin mixing service like bitmixer.io
2- Using exchanges to launder money. For example: you've 1 btc, send 0.2 to c-cex, 0.8 to bittrex, then send 0.4 from bittrex to c-cex, then send 0.6 from c-cex to btc-usd exchange, and 0.4 from bittrex to btc-usd site.

If the second option is complicated for you I suggest you to use mixing service, it's quite easy to use.

Thanks for the information.  So I use this mixer so the people I send BTC after won't know where it came from?  Where do you suggest selling my BTC for USD when that day comes?

[Karartma1]

I understand.  What online wallet would be best for me for day to day gambling transactions?  Thank you for replying sir.

Don't use any online wallets. Use desktop wallets.
I recommend you Electrum. If you use different address on every transaction then there won't be a problem.
But remember that; If you want to sell Bitcoin and get cash, you need to launder this gambling btc. So you've some options;
1- Using bitcoin mixing service like bitmixer.io
2- Using exchanges to launder money. For example: you've 1 btc, send 0.2 to c-cex, 0.8 to bittrex, then send 0.4 from bittrex to c-cex, then send 0.6 from c-cex to btc-usd exchange, and 0.4 from bittrex to btc-usd site.

If the second option is complicated for you I suggest you to use mixing service, it's quite easy to use.

Thanks for the information.  So I use this mixer so the people I send BTC after won't know where it came from?  Where do you suggest selling my BTC for USD when that day comes?

Well, it's not guarenteed to be anonymous because of the ledgerbook.
If the "relation seeker" is a pro, (s)he can trace transactions and may find the source of this btc.
But mostly they can't figure it out if you mix them.

I don't live in USA so I don't know which exchange is good or bad, but you can check their FAQs and decite to use the one which is best for you.

[ikydesu]

Hi Everyone – I’m a newbie and have been reading up on BitCoin over the last 8 hours. I’m a US person and plan to use BitCoin for gambling.

I was originally going to sign up for coinbase, but there are reports of them blocking gambling transactions. Because of that, I signed up for blockchain.info.

It appears I cannot actually buy bitcoins from blockchain.info, so I clicked through their “partner” btc.sx

I created an account, then realized I couldn’t buy BitCoins there as they state “To use BTC.sx, deposits must be made in Bitcoin. “

So how do I actually buy Bitcoins and get them into blockchain.info? I don’t have a desire for a face to face transaction, so I would like to pay using a US bank account. Would I buy them at Cirlce, then transfer them to blockchain.info?

For buy/sell some btc:
https://localbitcoins.com/
https://www.circle.com/
https://www.bitstamp.net/
https://www.bitquick.co/

to get a wallet: https://bitcoin.org/en/choose-your-wallet
my recommendation is electrum or multibit. If you want more secure buy hardware wallet(if you have a budget), use desktop wallet is enough for started.


~iki

[9000]

What's the best exchange to use in EU?

[gentlemand]

What's the best exchange to use in EU?

bitcoin.de now is fully integrated with fidor bank so it's near instant. Kraken.com works well and has some cool stuff in the pipeline. You can SEPA to Bitstamp as well but they only deal in USD so your money will be converted, it's normally a good rate though.

[9000]

What's the best exchange to use in EU?

bitcoin.de now is fully integrated with fidor bank so it's near instant. Kraken.com works well and has some cool stuff in the pipeline. You can SEPA to Bitstamp as well but they only deal in USD so your money will be converted, it's normally a good rate though.

USD is not a problem, I'm used to deal in different currencies, SEPA transfers are really fast, I will check Bitstamp.

Thanks.

[wadili89]

try to buy here on the forum, chose only trusted member, better to go safe and deal with high rank member(don't look at me i'm not selling) 

or just use localbitcoins; kraken also is a good option, since it does not require any document for small amount( up to $2k a day)

not every high rank member is trusted , one can change his mind know knows , the key is always use escrow

[RAXS]

I've used Bitstamp a few times and it's quite good, fast transfers in and out, very simple to use.