I had an account rep at heritage that retired like last year, he was really good every time I had an issue he would have it fixed.
Now since he left they transferred me to some chump who should be working at a register in a supermarket and that might be an overstatement :laughing:
So I just sent $2,044 to BetOnline via bitcoin and they only credited my account $1,870.
JM, i just went to the deposit page and nothing there which states that there's a fee for deposits using BC. However, when I went to the withdrawl page under bitcoin it says 2% fee.
Just read through this thread. This is something I'm very interested in. What would it take to get set up to process a bitcoin withdrawal? Multiple wallet accounts and a tumbler?
I would definitely be interested in reading a newbie experience with withdrawals similar to jm's opening post in this thread.
Any suggestions on reading to get familiar before getting started? Thanks.
this is the biggest issue i have with bitcoin is the float. Say you made a "deposit" on 8/18. Your bitcoin wallet will "freeze" your deposit based on the price of the coin on 8/18. When it actually pulls from your bank account and lands in your bitcoin wallet on 8/25, then you'll have the bitcoins at the current market rate and can deposit to the sports book. I have no idea why you can't load your bitcoin wallet, then when the funds hit is when you buy the bitcoin.
this is the biggest issue i have with bitcoin is the float. Say you made a "deposit" on 8/18. Your bitcoin wallet will "freeze" your deposit based on the price of the coin on 8/18. When it actually pulls from your bank account and lands in your bitcoin wallet on 8/25, then you'll have the bitcoins at the current market rate and can deposit to the sports book. I have no idea why you can't load your bitcoin wallet, then when the funds hit is when you buy the bitcoin.
Yeah. Your version makes way more sense. The freeze sucks, especially since it sounds like it takes about a week.
So I just sent $2,044 to BetOnline via bitcoin and they only credited my account $1,870. They said due to high bitcoin transaction fees that they feel the customer should burden some of the cost. Has anyone ever heard of that?
I made my first bitcoin transactions a few weeks ago. With how easy it is, I can't believe that it took me this long to do it. There is some very good information in this thread.
So my only other option is to do a bank transfer and ride the market for the few days it takes to actually receive the BC? It worked out in my favor this time.
Edit. Nevermind, I'm obviously a noob, I see the USD wallet option now.
I've mentioned it before, but for anyone new to this stuff.
Coinbase is the best exchange. It is US-based, and has lots of backing and is old and trustworthy. All good things.
However, there have been reports of coinbase closing customer accounts (and releasing them their funds of course) for being associated with gambling.
Therefore, you MUST get an intermediary wallet. I recommend Electrum because its old and has been around forever and works well. Buy any will do. The key is, you must send to a SEPARATE wallet, before you cashout through coinbase.com
If you send directly from, for example, nitrogen sports to your coinbase account, you may be flagged (because coinbase knows nitrogen's bitcoin addresses) and be unable to use coinbase from that point in the future. You will get your money, but having a valid coinbase account is very valuable and its stupid to just lose that ability when you could have avoided it by just using a separate wallet in between.
So to summarize.
To deposit: USD goes into coinbase
Coinbase sends coins to wallet
Wallet sends coins to gambling sites.
To withdraw: Gambling sites send coins to wallet.
You send coins from wallet to your coinbase account
You withdraw from coinbase to your USD bank account (Or whatever country)
Comments
Now since he left they transferred me to some chump who should be working at a register in a supermarket and that might be an overstatement :laughing:
None. Sent a few tweets to him
send him a tweet to follow u, and u follow him, then u guys can discuss in private chat on twitter
JM, i just went to the deposit page and nothing there which states that there's a fee for deposits using BC. However, when I went to the withdrawl page under bitcoin it says 2% fee.
I would definitely be interested in reading a newbie experience with withdrawals similar to jm's opening post in this thread.
Any suggestions on reading to get familiar before getting started? Thanks.
I don't worry about the tumbler, but maybe I'm being naive.
Thanks. Bitcoin transactions just seem to make a lot of sense. I appreciate the insight.
http://www.wired.com/2015/08/bitcoin-schism-shows-genius-open-source/
Looks like bitcoin value took quite a drop yesterday:
https://bitcoinaverage.com/#USD
Yeah. Your version makes way more sense. The freeze sucks, especially since it sounds like it takes about a week.
Looks like they're still doing this:
BetOnLine fee-gouging on Bitcoin deposits....
http://www.peepsplace.com/showthread.php?t=484467
Apparently they charge 6.5%.
Just got an email from some bitcoin wallet saying bitcoins are up to $450. Cashed that right out of Nitrogen sports.
Feels good to run good like this.
Looks a little too volatile for me.
Nope,
hackers are of greater concern right now.
Edit. Nevermind, I'm obviously a noob, I see the USD wallet option now.
Coinbase is the best exchange. It is US-based, and has lots of backing and is old and trustworthy. All good things.
However, there have been reports of coinbase closing customer accounts (and releasing them their funds of course) for being associated with gambling.
Therefore, you MUST get an intermediary wallet. I recommend Electrum because its old and has been around forever and works well. Buy any will do. The key is, you must send to a SEPARATE wallet, before you cashout through coinbase.com
If you send directly from, for example, nitrogen sports to your coinbase account, you may be flagged (because coinbase knows nitrogen's bitcoin addresses) and be unable to use coinbase from that point in the future. You will get your money, but having a valid coinbase account is very valuable and its stupid to just lose that ability when you could have avoided it by just using a separate wallet in between.
So to summarize.
To deposit: USD goes into coinbase
Coinbase sends coins to wallet
Wallet sends coins to gambling sites.
To withdraw: Gambling sites send coins to wallet.
You send coins from wallet to your coinbase account
You withdraw from coinbase to your USD bank account (Or whatever country)
Be safe!
Wiki can explain it better than me.
https://en.wikipedia.org/wiki/Bitcoin