Bitcoin gamblers mourn loss of Circle.com Buy/Sell option

Discussion in 'General Bitcoin Gambling Discussion' started by Humble Servant, Dec 7, 2016.

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  1. Humble Servant

    Humble Servant Active Member Staff Member

    Online gamblers in the U.S. have tended to use Circle.com and Coinbase to buy and sell their BTC because these companies allow easy integration with U.S. bank accounts. In just a couple of clicks you can move dollars from your bank account to and from their online wallet. Unfortunately, Circle have just announced that they are removing the ability to buy and sell bitcoin via their website and app.

    Coinbase is now the easiest option for U.S. based gamblers to buy and sell bitcoin. Coinbase do monitor for online gambling related transactions more thoroughly and have banned many uses for using their service for sports betting, poker and other gambling related purposes, so it's important that you use a middle-man wallet. More information here - http://www.bitcoingambling.io/choose-a-wallet.html

    A couple of weeks ago we reported that the IRS are in a legal battle with Coinbase as they try to force them to hand over all their customer's information. This may have prompted Circle.com to withdraw BTC buy/sell features in an attempt to avoid expensive legal battles.
     
  2. Pony

    Pony Member

    this really sucks. especially if you have already had your account closed by coinbase. circle had to be making a lot of money from their bitcoin brokerage service so i'm really surprised that they shut-down this service. buying and selling bitcoin is about the only way for a crypto-currency companies to make money these days. hopefully another company will see an opportunity here to make money by filling the obvious void left by circle.
     
  3. Gooch

    Gooch Member

    If there is demand for another U.S. friendly bitcoin broker service then another company will fill in the void left by Circle. Circle just couldn't be bothered with the regulatory burden but you can be sure that someone else will be willing to take the risk for a profit.
     
  4. Wonka

    Wonka Member

    U.S. based gamblers should give Paxful or Localbitcoins a try the next time they want to sell or buy bitcoin for US dollars.
     
  5. Humble Servant

    Humble Servant Active Member Staff Member

    Their app ranking in the iTunes App Store took a hit when they removed the BTC buy/sell option and their CEO shit all over bitcoin core devs in a whiney rage quit. Circle responded by getting 50 fake reviews added, which is not allowed by Apple. The fake reviews have now been removed and the Circle app currently has a 1.5 rating. Karma is a bitch.
     
  6. Humble Servant

    Humble Servant Active Member Staff Member

  7. Humble Servant

    Humble Servant Active Member Staff Member

    If you use the Square Cash App in the United States, you can now buy and sell bitcoin using any credit card. They still haven't enabled withdrawals but we're sure that this feature will be introduced sometime in 2018.
     
  8. Kaboom

    Kaboom Member

    circle are pivoting again and releasing an investment product next year that will allow you to buy bitcoin, ethereum, ripple and other cryptocurrencies https://www.circle.com/en/invest
     
  9. Header

    Header Member

    looks like it might just be an investment product that allows you to buy btc, ether, ltc etc but not withdraw it. my guess is you can only cash out in dollars or euros so it might not be of any use to online gamblers.
     
  10. Kaboom

    Kaboom Member

    The CashApp is far easier to buy bitcoin with than the Circle app every was. About 15 million Americans now use CashApp so that is a lot of people who can buy cryptocurrencies in two clicks.
     
  11. Fergall

    Fergall New Member

    hi there, I'm new here, do you know how much do I have to pay for the CashApp, and does it worth?
     

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