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question when using blockchain.......

Discussion in 'BlackHat Lounge' started by backstreet boys, May 2, 2016.

  1. backstreet boys

    backstreet boys Newbie

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    once you get the bitcoin transferred into a bitcoin wallet on blockchain and once you have sold the bitcoin to get the funds you just attach a bank account (just like how you would attach a bank account to a paypal account) to your blockchain account right?

    when there is funds in your blockchain account and not bitcoin because you sold them you then withdraw the funds to your bank account that is attached to your blockchain account?

    does it work like that or can it work like that? thanks y'all in advance im a mega newb with bitcoin and bitcoin wallets!
     
  2. The Owl

    The Owl Registered Member

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    Localbitcoins lets you send to a buyer via escrow and the buyer can send direct to your bank not sure on blockchain.
     
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  3. trackercar

    trackercar Newbie

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    You can withdraw the funds to your bank account!
     
  4. roguerabbit

    roguerabbit Regular Member

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    Occupation:
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    To find the most up to date information you can look at bitcointalk forum.

    My thinking has always been, if you want to know something, go where the experts on that niche hang out. Sure there are bitcoin expert here, but there is a wealth of info for you to read on that other place.

    How it works . Get/earn bitcoin which lands in your wallet. Go to localbitcoin ( like already recommended, you'd most likely have to very your account. Put up a sell order and pray for the best. If you are advertising to sell for Paypal you will likely get a flood of responses ( weed out the new users as they are likely there to steal your bitcoin ). It may be difficult at first as others would be thinking the same thing.

    Try lowballing the rate at first, it may work ( but not too low as this will set of red flags and be counter-intuitive