Being new to doing this I don't now who's been doing it a while and can be trusted. I've had a Coinbase account since May 2016, I mostly trust them. And they trust me to a degree, my daily limits have increased a couple times
I don't so much want to sell the bitcoin as park it as dollars (or something stable like pounds or yen). I don't need the dollars back right now, I want to buy bitcoin again when the price drops. If I can keep doing that at 150%-400% profit I can hit a million in probably under 9 cycles. Until that I want to reinvest 100% of the profit plus the principle, I don't need it back soon.
Yes, that's true that checks have all the numbers. Some kind of e-check? I like PayPal except it's reversible.
I'll check them, I don't know. I use bitstamp for price data sometimes. That would probably be ideal. Coinbase seems to have charged me about 1.5% just to accept bitcoin from my Electrum and then I can't do what I expected with it.
then you can exchange your BTC to USDC and store it in your coinbase account
I don't know whether you can do it directly in your coinbase wallet or not
you probably have to do it on gdax exchange which is also owned by coinbase
Yeah, I didn't know what USDC was, I don't seem to be able to go direct from BTC to USDC on Coinbase. I can receive USDC into a USDC wallet through an address, but not deposit to it from my BTC wallet. Meanwhile BTC isn't looking bad so I'm not in a rush. These are small potatoes by real trader's standards but I'm just starting.
Would this denial of licensing in their state of residence make it so they are not able to open an account on their gdax exchange service in the first place?
If he were able to do this then he wouldnt have such an issue trying to do what he is attempting to do in the first place.
I would think so unless they recently lost the license. I was buying by bank wire from them as recently as January of this year. I'm also set up for debit card but it's more expensive.