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+---- Thread: [Advice Needed] Best Service to Accept Bitcoins To Convert to USD? (/showthread.php?tid=6125507)
Best Service to Accept Bitcoins To Convert to USD? - Haters Ganna Hate - Dec 4, 2020
I may think of starting a small service and will only accept Bitcoins (since I do not want to use PayPal, where people can get my info)
However, I want to find a service that easily lets me convert those BTC to USD. I have a Coinbase account that I used to buy BTC but I am not sure how their reputation is now. (I am located in the United States)
What is your opinions?
RE: Best Service to Accept Bitcoins To Convert to USD? - Fugg - Dec 5, 2020
Coinbase should suffice. As long as all your account info is correct and up to date, I've used them for years
RE: Best Service to Accept Bitcoins To Convert to USD? - SIM-2273342 - Dec 5, 2020
(Dec 4, 2020 07:32 PM)Haters Ganna Hate Wrote: I may think of starting a small service and will only accept Bitcoins (since I do not want to use PayPal, where people can get my info)
However, I want to find a service that easily lets me convert those BTC to USD. I have a Coinbase account that I used to buy BTC but I am not sure how their reputation is now. (I am located in the United States)
What is your opinions?
Coinbase isn't a good option. Assuming you're collecting their payment directly to your CB wallet, your account will inevitably be closed. They don't accept nor like multiple deposits to their address from different wallets -- it is a red flag. I speak from experience, as I was restricted after only accepting payments to my CB wallet from my homework service.
I'd recommend collecting all payments to a 3rd party storage wallet, then sending all of that to the CB wallet and cash out immediately.
RE: Best Service to Accept Bitcoins To Convert to USD? - Fugg - Dec 6, 2020
(Dec 5, 2020 01:23 PM)Romania Wrote: Coinbase isn't a good option. Assuming you're collecting their payment directly to your CB wallet, your account will inevitably be closed. They don't accept nor like multiple deposits to their address from different wallets -- it is a red flag. I speak from experience, as I was restricted after only accepting payments to my CB wallet from my homework service.
I'd recommend collecting all payments to a 3rd party storage wallet, then sending all of that to the CB wallet and cash out immediately.
I forgot to mention this. Coinbase fees are also expensive so it's best to use a local wallet until you are ready to cash out.