Bitcoin funding from ATM to Coinami Wallet to Coinbase

(Last Updated On: July 24, 2018)

So the Genius in me has figured out to transfer cash to Bitcoin to the Binance exchange. I am so smart. As hinted as I originally wanted to fund a Coinbase account for their Coinbase Pro, they wanted a photo ID. I ain’t comfortable with that (for now!)

Is Coinbase easiest for crypto currency funding with new exchange Coinbase Pro API

Private funding but pricey

So I figured out that there is a way to do this privately via an ATM using a local service listed in the link above. You need to get a secure virtual wallet like Coinami which is listed above. It seems pretty simple to use but the ATM has difficulthy reading the Coinami wallet QR Code. The store clerk helped out by offering cheaper funding services. Thanks but no thanks. The transaction cost 10% which is pretty high. I thought it was 6% but it was only $20 CDN. As a result, I may get over the Photo ID thing to go with hopeful lower transaction costs on Coinbase. Can anyone offer insight on these transaction costs?

Once you got Bitcoin in your wallet, you can login into Binance to fund the account. It seems you just follow these instructions.

https://support.binance.com/hc/en-us/articles/115000622212-How-to-Register-and-Deposit-on-Binance

I can send form the Coinami wallet to Binance which apparently takes 15 minutes to 1.5 hours. It depends on how the transaction percolates through the Blockchain. More to come.

 

More options:

Gemini Vs Coinbase

Bitcoin wiring can cost only 0.5% of the amount you transfer

https://www.quora.com/How-do-the-fees-on-Coinbase-compare-to-the-fees-on-Gemini

Gemini sounds like they are very slow to verify ID

ID verification on Gemini from Bitcoin

More options even better:

Low transaction fees with exchange that gets decent reviews: https://www.abitgreedy.com/247exchange/

https://www.abitgreedy.com/buy-bitcoin-with-prepaid-card/

How to Buy Bitcoin Anonymously & without ID

https://99bitcoins.com/buy-bitcoin-anonymously-without-id/amp/

Prepaid credit card options for Canada http://forums.redflagdeals.com/prepaid-credit-cards-continuously-updated-532830/

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
This entry was posted in Bitcoin Crypto Currency and tagged , , , , , on by .

About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs