Thanks a lot for that info. That's great!
Yes, I have my Coinbase wallet hooked up to my bank account, and have done a small withdrawal (less than$100). It went through and was deposited into my bank account in less than 2 days and I was able to withdraw it from my bank with no problem.
I've just heard of people that are withdrawing and buying large amounts of crypto (more than $5000 per transaction and more than $10,000 per week) having issues with their banks closing their accounts on them.
I've got a LONG way before I ever got to making any transactions like that, if I ever do.
I was just looking for something like an ATM card that was made just for Bitcoin. I've heard of several, but I'm not sure what would be the best ones to use.
If you don't mind, could you elaborate on what you think Coinbase might consider "risky?"
Shift Card is the ATM card and it is linked to your Coinbase account. Sign up it's a simple process. Risky is using your Coinbase account for anything like gambling websites, maybe even sending to crypto-exchanges. I don't know but read their terms of service so you don't risk your account. That's what I meant by risky. Laws are the reason they're getting caught up when you deal with a certain amount of money... Uncle Sam wants his cut. They were probably not letting the bank account for the taxes owed which most banks give you the option to pay now or later when you owe the taxes. More reading for the person that needs to know. I could be wrong but opinions are like..... everyone has one.
When referring to Coinbase, you think it would be risky buy Bitcoin with my Coinbase wallet and then transfer it to Bittrex? Why would that be bad? If I wanted to buy crypto could I buy right from my Bittrex account?
I don't mean to ask so many questions, but it's a bit confusing as a newbie.
I'll have to log into my Bittrex account and see if I can buy crypto right from there.
There's really a pretty steep learning curve with this stuff.
Let's say I want to trade/buy/sell crypto to make money. A lot of people are doing it and making lots of money.
What's the best way do you think?
It's a lot of ways to skin a cat. I agree with you about transferring coins to wherever you want but read over there terms because it is risky to think you can move freely there.