1. 09-24-16 06:19 PM #246
    portman
    portman's Avatar Become A Pro!
    Join Date: 08-29-11
    Posts: 72
    Betpoints: 1098

    I am not sure i withdrawing funds via ATM cannot be linked with you. There is data kept for every transaction and when cumulative transactions are recorded, the bank may be start looking where those transactions are coming from. I am not sure about that, but i think that ATM withdrawals are somehow linked to you.

    Quote Originally Posted by habitualwinning View Post
    There are a couple of major reasons as to why, though personal reasons may vary depending on the individual. The most obvious reason is a lot of people that use coinbase and circle regularly get banned for making gambling transactions which violate their TOS. So that most likely won't be an option for most people in the future after they crackdown on you. A second reason is the card is independent of your bank accounts, it operates the same way as any other prepaid/reloadable debit card. Some people don't like having their bank accounts tied to exchanges which are tied to gambling. The third reason is price/fees. If you navigate the BTC card correctly you get your money at spot price and don't have any fees like you do transferring at exchanges, using a BTC ATM or otherwise selling in person such as on localbitcoins. As someone else already mentioned in an earlier post it's probably the quickest way to get your money also. So there are many reasons why people like this option.
    Reply With Quote Reply With Quote
  2. 09-24-16 06:42 PM #247
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,757
    Betpoints: 9225

    Quote Originally Posted by portman View Post
    I am not sure i withdrawing funds via ATM cannot be linked with you. There is data kept for every transaction and when cumulative transactions are recorded, the bank may be start looking where those transactions are coming from. I am not sure about that, but i think that ATM withdrawals are somehow linked to you.
    Yes they are. You have to give ID info to get the card.

    Any legitimate, licensed method of transferring bitcoin to fiat currency is going to meet anti money laundering laws.

    I'm not really sure how this card can be 100% legit, with the way it works, but the institution issuing them has to meet those laws to give them out.
    Reply With Quote Reply With Quote
  3. 09-24-16 07:43 PM #248
    scavsiu8
    scavsiu8's Avatar Become A Pro!
    Join Date: 02-02-06
    Posts: 86
    Betpoints: 675

    Just got my bitpay card today. Am I understanding this that you have to 'Add Funds' on the card to get a Bitcoin address, and then you send that address those funds from your wallet?
    Reply With Quote Reply With Quote
  4. 09-25-16 01:19 AM #249
    habitualwinning
    habitualwinning's Avatar Become A Pro!
    Join Date: 01-22-12
    Posts: 1,569
    Betpoints: 6311

    Quote Originally Posted by portman View Post
    I am not sure i withdrawing funds via ATM cannot be linked with you. There is data kept for every transaction and when cumulative transactions are recorded, the bank may be start looking where those transactions are coming from. I am not sure about that, but i think that ATM withdrawals are somehow linked to you.
    I never said it was anonymous, I stated that it's not linked to your bank accounts like if you used circle/coinbase. Big difference. If you're looking for anonymity, this isn't the option for you. My point is you can have your regular traditional bank accounts such as checking/savings at whatever bank in America and your funds are independent of this bitpay card which is a separate entity. If you run your BTC through circle/coinbase into your traditional bank checking account, now all your funds are tied together. Some people don't like that for various reasons. I think the bitpay card is a great option even though it's not anonymous.
    Reply With Quote Reply With Quote
  5. 09-25-16 04:48 AM #250
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,757
    Betpoints: 9225

    Quote Originally Posted by scavsiu8 View Post
    Just got my bitpay card today. Am I understanding this that you have to 'Add Funds' on the card to get a Bitcoin address, and then you send that address those funds from your wallet?
    Hopefully someone who has used it can confirm this for you.
    Reply With Quote Reply With Quote
  6. 09-26-16 08:04 AM #251
    tmuller02
    bet jam pre season contest winner
    tmuller02's Avatar Become A Pro!
    Join Date: 08-31-08
    Posts: 208
    Betpoints: 312

    Bump anyone
    Reply With Quote Reply With Quote
  7. 09-26-16 02:56 PM #252
    PharaohUB
    PharaohUB's Avatar Become A Pro!
    Join Date: 01-23-07
    Posts: 4,864
    Betpoints: 11494

    Quote Originally Posted by scavsiu8 View Post
    Just got my bitpay card today. Am I understanding this that you have to 'Add Funds' on the card to get a Bitcoin address, and then you send that address those funds from your wallet?
    Yes. Small amounts under 100 seem to be instant. Larger amounts they wait for confirmations. At least was my experience.
    Reply With Quote Reply With Quote
  8. 09-26-16 05:30 PM #253
    BrickJames
    Action
    BrickJames's Avatar SBR PRO
    Join Date: 05-05-11
    Posts: 9,761
    Betpoints: 8914

    I should get mine this week I'm pumped
    Reply With Quote Reply With Quote
  9. 09-26-16 05:34 PM #254
    sweep
    USA! USA! USA!
    sweep's Avatar Become A Pro!
    Join Date: 10-09-10
    Posts: 16,753
    Betpoints: 2457

    Good thread, I suggest anyone new to this thread read it from the beginning slowly.

    Lots of questions being regurgitated last couple of pages.

    Great info in here
    Reply With Quote Reply With Quote
  10. 09-27-16 07:32 AM #255
    Courtesywipe
    Dead1977
    Courtesywipe's Avatar Become A Pro!
    Join Date: 09-02-11
    Posts: 1,622
    Betpoints: 346

    I like cashing out to BitPay card for TWO reasons. 1. It's cash from an offshore sports book to my hands in less than an hour and put $3,000. 2. My checking account linked to exchanges no longer asking me questions.
    Reply With Quote Reply With Quote
  11. 09-27-16 05:36 PM #256
    BrickJames
    Action
    BrickJames's Avatar SBR PRO
    Join Date: 05-05-11
    Posts: 9,761
    Betpoints: 8914

    I'm so pumped for mine. it didn't come today. Hopefully tomorrow
    Reply With Quote Reply With Quote
  12. 10-04-16 05:29 PM #257
    deadpool
    deadpool's Avatar Become A Pro!
    Join Date: 09-28-16
    Posts: 24
    Betpoints: 30

    I was in the first batch of cards to go out. I've had my card for months. Coming from someone who had the neteller card back in the day and thought I was a boss. This CARD BLOWS IT AWAY!!! simply the best thing that came to gambling in years. I have taken out over 25K from atm's with this already. It's crazy I keep thinking they are going to shut me down but they don't.
    Reply With Quote Reply With Quote
  13. 10-05-16 09:33 AM #258
    eyeball
    eyeball's Avatar Become A Pro!
    Join Date: 08-14-07
    Posts: 988
    Betpoints: 171

    Can you add cash to your card?

    Maybe somebody can help please
    Can you add cash to your card and than send it to Nitro or to the blockchain first?

    What is the method for adding cash to your card?
    Reply With Quote Reply With Quote
  14. 10-05-16 11:00 PM #259
    Catch77
    Catch77's Avatar Become A Pro!
    Join Date: 02-25-13
    Posts: 380
    Betpoints: 1804

    Thanks for all the great input on this thread. Ordered my card today. This method is far more agreeable to me than the Circle/Coinbase-> Checking route which Ive used 3 (2Coin, 1Circle) times in past 3 weeks for payouts. Hopefully this wont get shutdown before the end of football season :| Fingers crossed
    Reply With Quote Reply With Quote
  15. 10-06-16 12:40 AM #260
    ParlayKing1986
    ParlayKing1986's Avatar Become A Pro!
    Join Date: 06-02-12
    Posts: 278
    Betpoints: 3437

    Only way to add money is via bitcoin


    Example from blockchain or nitro to the card...cant deposit cash on to it.
    Reply With Quote Reply With Quote
  16. 10-06-16 06:30 AM #261
    sweep
    USA! USA! USA!
    sweep's Avatar Become A Pro!
    Join Date: 10-09-10
    Posts: 16,753
    Betpoints: 2457

    Quote Originally Posted by BrickJames View Post
    I'm so pumped for mine. it didn't come today. Hopefully tomorrow
    brick- you get your card yet?
    Reply With Quote Reply With Quote
  17. 10-06-16 08:31 AM #262
    bigjah15
    bigjah15's Avatar Become A Pro!
    Join Date: 12-20-10
    Posts: 1,437
    Betpoints: 553

    Quote Originally Posted by ParlayKing1986 View Post
    Only way to add money is via bitcoin


    Example from blockchain or nitro to the card...cant deposit cash on to it.
    you can depodit cash onto the card via ********, however you cant transfer that cash into bitcoin directly on card
    Reply With Quote Reply With Quote
  18. 10-06-16 09:27 AM #263
    5918mike
    5918mike's Avatar Become A Pro!
    Join Date: 04-16-14
    Posts: 1,824
    Betpoints: 3020

    I paid for mine on 9/1 and still haven't seen it.
    Reply With Quote Reply With Quote
  19. 10-06-16 12:52 PM #264
    Catch77
    Catch77's Avatar Become A Pro!
    Join Date: 02-25-13
    Posts: 380
    Betpoints: 1804

    Quote Originally Posted by 5918mike View Post
    I paid for mine on 9/1 and still haven't seen it.
    9/1? or 10/1? If its been a month then thats not a good sign. Paid for mine on 10/5 will update when I receive it
    Reply With Quote Reply With Quote
  20. 10-06-16 01:05 PM #265
    5918mike
    5918mike's Avatar Become A Pro!
    Join Date: 04-16-14
    Posts: 1,824
    Betpoints: 3020

    Quote Originally Posted by Catch77 View Post
    9/1? or 10/1? If its been a month then thats not a good sign. Paid for mine on 10/5 will update when I receive it
    9/1, then got an email on 9/12 thanking me again for my purchase with activation information.
    Reply With Quote Reply With Quote
  21. 10-06-16 02:13 PM #266
    ParlayKing1986
    ParlayKing1986's Avatar Become A Pro!
    Join Date: 06-02-12
    Posts: 278
    Betpoints: 3437

    Call them and see what happend..verify address they sent too
    Reply With Quote Reply With Quote
  22. 10-06-16 05:54 PM #267
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,757
    Betpoints: 9225

    Yeah a month is too long 5918mike. Something is wrong as everyone else gets it in about half that time. I'd get onto them too.
    Reply With Quote Reply With Quote
  23. 10-07-16 06:01 AM #268
    BrickJames
    Action
    BrickJames's Avatar SBR PRO
    Join Date: 05-05-11
    Posts: 9,761
    Betpoints: 8914

    5918mike,

    I also got the email about 10 days after buying the card I'm on business day number 12 right now and it still hasn't came.
    Reply With Quote Reply With Quote
  24. 10-07-16 12:27 PM #269
    5918mike
    5918mike's Avatar Become A Pro!
    Join Date: 04-16-14
    Posts: 1,824
    Betpoints: 3020

    I did contact them, send the reference number and they are looking into it.
    Reply With Quote Reply With Quote
  25. 10-07-16 12:53 PM #270
    habitualwinning
    habitualwinning's Avatar Become A Pro!
    Join Date: 01-22-12
    Posts: 1,569
    Betpoints: 6311

    Do you guys live on the West Coast that are still waiting on your cards? The reason I ask is cause I ordered mine a couple weeks back on a Tuesday and got my card the following week on Thursday. So that was 8 business days. The Card is mailed from a Georgia address. Idk maybe they got slammed with orders for football season or it just takes longer to arrive the farther you live from Georgia. I would say if it's been longer than 12 business days you need to get on their ass about it.
    Reply With Quote Reply With Quote
  26. 10-07-16 01:22 PM #271
    5918mike
    5918mike's Avatar Become A Pro!
    Join Date: 04-16-14
    Posts: 1,824
    Betpoints: 3020

    Yes I am West Coast, just north of Seattle, WA
    Reply With Quote Reply With Quote
  27. 10-08-16 07:00 AM #272
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,757
    Betpoints: 9225

    Any changes to how this card has been operating is a good reason to take extra care and ensure that you do not leave a large cash balance sitting on this thing.

    As great as it is, there is a good chance it will go boom eventually and any balance on there at the time could be lost.
    Reply With Quote Reply With Quote
  28. 10-08-16 08:11 PM #273
    KAMUU
    KAMUU's Avatar Become A Pro!
    Join Date: 10-08-16
    Posts: 4
    Betpoints: 12

    Looks good fee wise. Only $5 month if you don't use it for 3 months too.Instant, just like loading a prepaid
    Reply With Quote Reply With Quote
  29. 10-13-16 09:44 AM #274
    bigtymer56
    bigtymer56's Avatar SBR PRO
    Join Date: 07-31-12
    Posts: 4,738
    Betpoints: 8987

    Quote Originally Posted by 5918mike View Post
    I paid for mine on 9/1 and still haven't seen it.
    Quote Originally Posted by Catch77 View Post

    9/1? or 10/1? If its been a month then thats not a good sign. Paid for mine on 10/5 will update when I receive it
    Quote Originally Posted by BrickJames View Post
    5918mike,

    I also got the email about 10 days after buying the card I'm on business day number 12 right now and it still hasn't came.
    Any updates guys?
    Reply With Quote Reply With Quote
  30. 10-13-16 02:18 PM #275
    Catch77
    Catch77's Avatar Become A Pro!
    Join Date: 02-25-13
    Posts: 380
    Betpoints: 1804

    Quote Originally Posted by bigtymer56 View Post
    Any updates guys?
    6 business days here. No email no card. Not expecting it for another week though. Texas address.
    Reply With Quote Reply With Quote
  31. 10-13-16 03:13 PM #276
    5918mike
    5918mike's Avatar Become A Pro!
    Join Date: 04-16-14
    Posts: 1,824
    Betpoints: 3020

    Quote Originally Posted by bigtymer56 View Post
    Any updates guys?
    2 emails sent, no response after I sent the reference number for the order. I'm going to call them when I get a chance.
    Reply With Quote Reply With Quote
  32. 10-14-16 08:24 AM #277
    Microphone
    The Voice of SBR
    Microphone's Avatar SBR PRO
    Join Date: 01-08-08
    Posts: 2,948
    Betpoints: 15721

    Ordered my two weeks ago got it Tuesday. Seemingly very quick.
    Reply With Quote Reply With Quote
  33. 10-14-16 09:34 AM #278
    terpkeg
    terpkeg's Avatar Become A Pro!
    Join Date: 10-26-09
    Posts: 2,354
    Betpoints: 2422

    Been using it. Works well.
    Reply With Quote Reply With Quote
  34. 10-14-16 08:46 PM #279
    BeatTheJerk
    BeatTheJerk's Avatar Become A Pro!
    Join Date: 08-19-07
    Posts: 31,798
    Betpoints: 84

    This is very convenient the fees are reasonable & it's all cash baby
    Reply With Quote Reply With Quote
  35. 10-14-16 11:30 PM #280
    BrickJames
    Action
    BrickJames's Avatar SBR PRO
    Join Date: 05-05-11
    Posts: 9,761
    Betpoints: 8914

    Used mine for the first time today works great
    Reply With Quote Reply With Quote
First ... 567891011 ... Last
Top
« Previous Thread | Sportsbooks & The Industry | Next Thread »