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Bitcoin Experience


GungHo
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  • Sapphire Sponsor

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I just used Bitcoin to renew my sponsorship here on DBG and thought I would share my experience. 

Last year I lost my Coinbase account after I donated to DBG, just like several other members have posted.  Obviously Coinbase assumes we are all drug dealers so they want nothing to do with us.   😛

But I found out that the key to making it work is to only donate to DBG from an electronic wallet, not from a BTC exchange like Coinbase or Kraken.  

I only needed two apps to make it work; Cash App and Green Wallet, both free and downloadable from the Apple App store.  I am sure Google Play has the same apps.

First I bought my coin using the Cash App. You have to verify your identity with Cash App before you can send your BTC to anyone else but that only took about a day.  You use the Cash App to capture a picture of both sides of your DL or other picture ID, and a current picture of yourself.  They denied my request the first time because my pics were not clear enough but the second time I tried it worked perfectly.  I was approved in just a few hours.

Next, I downloaded Green Wallet and setup the security for it; strong password, mnemonic phrase, a PIN, and I also turned on Face ID.  I am not sure how secure the app is overall, but it's popular, very easy to use, and I don't ever plan on using it to send more than $30-$50 at a time.  And not for storage either.  I will research it a bit more, including more apps if I decide to get into storing a lot of Bitcoin.

After you setup your Green Wallet, just transfer your BTC from Cash App to your Green Wallet (or other electronic wallet).  It takes about 10-20 minutes before your funds appear in your wallet.

Next, use your Green Wallet to send the appropriate amount to DBG.  Easy and anonomous too!

BTW, I also registered with Blockchain.com but realized I did need it when I used the electronic wallet.  

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Jun0 React0r

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Same goes for ANY purchase transaction, really. Always use a wallet _you control_, not an online wallet. Companies like Coinbase are under scrutiny from financial regulators, and regularly check for transactions to "questionable" destination wallets. What's acceptable today may become "questionable" tomorrow, too :( 

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