Hey guys, I've been on the board for a while Im a Bitcoin Newb, and finally figured out how bitcoin works and what-not.
I made a coinbase wallet, put my bank info on it and it takes 4 days to get funds in the account. Should I ID Verify the account? Should I add a backup credit card to get funds faster? Is it safe? I thought the whole purpose of bitcoins was to be anonymous. Also is there anything else I should do and is coinbase a good wallet to use? I like the iOS app and website looks easy to use. Just want to know from an experinced bitcoin user.
Thanks.
Its safe and almost all the exchanges require you to fill KYC forms and submit IDs for verification, if you want to buy anonymously then you'd have to find someone to trade with cash or find trade partners/exchanges that offer other payment methods which doesn't include banks but they're unsafe, so its best if you buy with Coinbase.
Also would it be best to use blockchain.info as a middle wallet to make transactions and use coinbase as buying bitcoin and selling bitcoin back to checking account? Or would I be better off going with circle?
Any help would be great thanks!
Blockchain.info is a web wallet and is NOT recommended to store larger funds with, you should read and learn a few things about wallets and cold storage in general before hand. Circle is similar to coinbase and they're not exactly wallets but more wallet service providers.
This is a good read about bitcoin wallets:
http://www.coindesk.com/information/how-to-store-your-bitcoins/