Comment · Sat, December 10, 2016
Circle Discontinues Bitcoin Support
Original post in this thread
MisterYouAreSoDumb · 14 points
So it looks like Circle just rage-quit Bitcoin today. They seem to be frustrated by the transaction limit issue the past year, and would prefer to move to their own proprietary blockchain currency called Spark. I think they are going to fail miserably, but we will see.
Circle removes ability to buy and sell Bitcoin as it doubles down on mobile payments
What this means is that anyone with a Circle account can no longer use it for the only real purpose it had. You can no longer buy/sell BTC, nor can you send the BTC already in your account to another wallet. This means that you cannot pay for orders via Circle anymore, which sucks. Unfortunately, the only real alternative with the same ease of use is Coinbase. So for now, we suggest using Coinbase to purchase your BTC. Then I would suggest using an intermediate wallet, like blockchain.info or Electrum, to actually pay for the orders. Coinbase has been a bit strict with closing people's accounts. So it is best to use an intermediate wallet for payments for the time being.
There are a couple other Bitcoin servi…
What they were answering
Metathetical · 7 points
After hearing about Coinbase freezing accounts last year, I transferred my BTC from Coinbase to the Android app wallet "Mycelium". I'm not a digital native, but I've found it to be problem-free and pretty straightforward. It lets me get my Ceretropic goodies, and I've made a few bucks, too. Thanks for the incentive, MYASD!
u/MisterYouAreSoDumb
I've heard good things about that one as well. I use Electrum myself.