Bitcoin as the ONLY payment option, lol what?

[hublot]

If you look at the estimated confirmation time, its showing as medium priority...

Estimated Confirmation Time

Within 6 Blocks (Medium Priority)

This means that you're kind of stuck in a queue behind all the other transactions that will pay miners a higher reward/fee, it will get done or it will get "cancelled" and returned back to your original wallet but it's going to take some time given the current volume of transactions in the blockchain.... in the future I would suggest splurging the additional 8 cents, to get it a higher priority...

Someone on reddit with the same problem as you...

https://www.reddit.com/r/Bitcoin/com...irmation_in_6/

[Sherlock]

Yeah, I am looking how much I pay at Kraken, I thought like 1.5x of zuutroy fee, but in fact there is zero less, so the fee is 15x higher

• Bitcoin ฿0.00050

https://support.kraken.com/hc/en-us/...thdrawal-fees-
So you paid too little (2 cents), that is why it is slow.

[MMM]

Notice that at Kraken the Euro transfers are SEPA only, meaning you can transfer to banks only in Euro zone.

[Sherlock]

Are they really?
https://support.kraken.com/hc/en-us/...thdrawal-fees-

[UncleSam]

At first the Bitcoin thing really bothered me - but after struggling through following instructions provided by BP and hitting the Kraken roadblock that they do not allow withdrawal in USD

I switched to Coinbase and was able to sell my bitcoins and have USD funds for the sale deposited into my bank account - According to Coinbase the transfer with be complete by Friday the 17th (2 days) it did cost me a few dollars in fees trying to figure it out the first time around - but I think going forward this will be pretty easy.

Hope this can help other US affiliates dealing with the same situation: this is the process I used to get bitcoin converted to USD and deposited directly into my account.

Blockchain Wallet provided to BP monthly > transfer to Coinbase > Sell BTC's via Coinbase > funds of sale deposited in my bank account

Pretty much 3 basically easy steps ( Also, in the future I may just skip the Blockchain wallet as BP instructions suggested and just use Coinbase to save a step )

[hublot]

At first the Bitcoin thing really bothered me - but after struggling through following instructions provided by BP and hitting the Kraken roadblock that they do not allow withdrawal in USD

I switched to Coinbase and was able to sell my bitcoins and have USD funds for the sale deposited into my bank account - According to Coinbase the transfer with be complete by Friday the 17th (2 days) it did cost me a few dollars in fees trying to figure it out the first time around - but I think going forward this will be pretty easy.

Hope this can help other US affiliates dealing with the same situation: this is the process I used to get bitcoin converted to USD and deposited directly into my account.

Blockchain Wallet provided to BP monthly > transfer to Coinbase > Sell BTC's via Coinbase > funds of sale deposited in my bank account

Pretty much 3 basically easy steps ( Also, in the future I may just skip the Blockchain wallet as BP instructions suggested and just use Coinbase to save a step )

Don't skip this step, always use a wallet before sending to exchange... this is for your protection and will help ensure that coinbase doesn't try to shut your account down... and always use a new address to receive your BTC from BP.

[pokertramp]

Hublot and Sherlock thanks so much!!
Unclesam your info is great too and I'm right now looking at the fee differences in the Visa vs. the Coinbase option, will post what I figure out
I truly appreciate everyone's help here, what a nightmare this is for non geeks!

[hublot]

No problem! It's new for a lot of people so lets try to get everyone on board!

And look at BTC tonight, its on a soar!

Our friends in China just woke up and are buying loads! The yuan vs usd dropped to the lowest its been in 5 years. The Chinese are buying what they consider to be "digital gold"...

[Sherlock]

Yeah, do not skip the step with blockchain. Rather skip the step with selling bitcoin and wait for Chinese!

[TheGooner]

Are they really?
https://support.kraken.com/hc/en-us/...thdrawal-fees-

Yes - if you have EUR - you need to use SEPA into a European denominated account.
I was able to convert BTC to USD - and then complete a SWIFT transaction to New Zealand which took around a week to complete.

[Sherlock]

For sure not exactly like that. I have EUR, but I am not using SEPA but SWIFT, because the bank account I am using is out of Eurozone (SEPA is payment system for Eurozone [Eurozone is not European Union, but my account is not in EU too]).

[UncleSam]

Thanks for the info - valuable advice which Ill take

[LTDAndy]

If you are looking for an easy option download AirBitz, its an iphone app with integrated wallet and lots of cool features.

I logged on earlier in the week and the BettingPartners funds where sitting there waiting for me.

[zuutroy]

My transaction is still unconfirmed. I read somewhere that I might have to close down my client for a few days as it might be rebroadcasting the transaction which is stopping mempools from dropping it. Is that true? I have Bitcoin Core as my client. I realise now that it's overkill but didn't at the time.

[MMM]

For sure not exactly like that. I have EUR, but I am not using SEPA but SWIFT, because the bank account I am using is out of Eurozone (SEPA is payment system for Eurozone [Eurozone is not European Union, but my account is not in EU too]).

I couldn't find this option as well. Had to transfer to sepa bank account.

Btw, is it better to go BP-Blockchain - Installed wallet - exchange - bank or one of Blockchain/Installed wallet is enough?

[zuutroy]

Restarted Bitcoin Core to see if that would make any difference and now it won't open. Stuck on 'Verifying blocks...1%'. Why can't they just pay us in ******* money

[Sherlock]

From what I understand the bitcoin core wallet is a wallet that is "heavy weight". It means it need whole blockchain to be downloaded. Your problem is the wallet, not bitcoin I guess. I would suggest to use another wallet.

[zuutroy]

Yea it seems to make your computer into a full node. It re-opened eventually! Hopefully now that transaction will eventually cancel and I can use another wallet.
I guess there's a learning curve with any new technology but I'd rather that learning didn't have thousands riding on any mistakes you might make!

[Sherlock]

Well, the Electrum wallet I was promoting here from the beginning is ok. Maybe it is not best, but I think it makes sense to use it, because majority of people at least here are using it. Because other people then pay for the learning curve.

And btw because btc went up meanwhile, you are making money with the delay.

[zuutroy]

Yeah I think I'm up like $150. By the way, I think I speak for all of the BTC noobs when I say thanks very much for you help with it. Much appreciated!