- I signed up for an account on coinbase.com, which asked me to verify my email address and required a bank account / routing number for buying / selling chips. Once I have the funding source verified (which takes 2-3 days; they will make 2 small deposits of $0.01 - $0.99), I am able to transact BTC to USD.
- I note the "Bitcoin Addresses" under the "Linked Accounts" tab in the top left corner of coinbase homepage. There is a funky-looking string of text and numbers that tells me the code for depositing BTCs onto coinbase. It should look something similar to this:
Highlight that hash code and copy it into your memory with CTRL-C or whatever standard your device uses to copy. This is called my deposit "hash code."
- I go into "My Account" page on SWC and scroll down to the area labeled "Request Bitcoin Cashout." After entering the amount of chips I would like to withdraw from SWC to coinbase (1000 chips = 1 BTC, which is precisely my trial size), it asks for my "Bitcoin Address." I enter in the deposit hash code above (via CTRL-V, or whatever standard your device uses to paste) in order to tell SWC that I'd like to transfer 1 BTC to the entered address. After completing the transaction with my SWC password, the chips transfer from SWC to coinbase, and into my personal account.
- I click "Sell Bitcoins" and enter in the amount of bitcoins I'd like to sell. From there, I've converted my bitcoins into cash and move them into my bank account. It was very simple.
- Sign up and register your bank account on coinbase.com, as detailed above.
- Note your SWC "Current Cash in Address" hash code and copy it into memory.
- Go into coinbase.com and purchase the required amount of BTCs.
- Transfer the newly purchased bitcoins to the SWC with the transfer to the hash code in memory.