BetOnline Bitcoin News

**HedgeHog** · 08-30-16, 05:55 PM

Great news. Thanks, SBR.

**tradeout** · 08-30-16, 05:58 PM

Originally posted by SBR Forum

BetOnline advised SBR that bitcoin deposits are now processed free of charge. (The former fee has been removed)

How about withdrawals? also free?

**Buffalo Nickle** · 08-30-16, 06:50 PM

Thanks BOL!

**Jnas** · 08-30-16, 07:15 PM

its about time good news

**SBR Forum** · 08-30-16, 08:26 PM

Originally posted by tradeout

How about withdrawals? also free?

No, there's a 2% fee for withdrawals. What changed was the removal of the deposit fee (6.5%).

**UBNVS** · 08-30-16, 08:58 PM

Hopefully they are straight forward and still don't try to cheat the system and blame Bitcoin prices dropping when we deposit.

**scottgodson1985** · 08-31-16, 12:35 AM

Nice to know but they need to go ahead and take the full measure and not charge 2% too withdraw.

**theviking** · 09-02-16, 05:44 PM

**theviking** · 09-07-16, 07:36 AM

and also free at betonline s "sister" sportsbetting.ag

**RonPaul2008** · 09-07-16, 10:28 PM

If you make a bitcoin deposit, are you forced to withdraw in bitcoin and take the 2% fee..or can you withdraw by other methods?

**GigaOuts** · 09-07-16, 11:15 PM

Originally posted by RonPaul2008

If you make a bitcoin deposit, are you forced to withdraw in bitcoin and take the 2% fee..or can you withdraw by other methods?

good Q.

my last deposit is using bitcoin. I over pay bitcoin using bitcoin atm, than betonline charge a deposit fee, this leave me a sour taste in my mouth. After I add up all the fees, bitcoin deposit was the most expensive way to deposit including **. In my experience, I can withdraw by other methods after bitcoin deposit. But it doesn't hurt to ask.

**apaeth** · 10-06-16, 02:03 PM

They round down...just made my first small bitcoin deposit - after transaction fees via the sender the balance should have been $67.90 - they rounded down to $67 and pocketed the .90 cents. Not a big deal but over an unexpected 1% lost on the transaction. Calculate your transfer fees and adjust if you don't want to lose the pocket change.

**TheMoneyShot** · 10-06-16, 02:14 PM

Originally posted by RonPaul2008

If you make a bitcoin deposit, are you forced to withdraw in bitcoin and take the 2% fee..or can you withdraw by other methods?

I believe I read in their PO section you are allowed a Free $50 on them in regards to fees in requesting your PO. It may have been changed? Always double check. But, that means you could get a PO of 2500 Bitcoins free of charge once every 30 days.

**ronald** · 10-06-16, 02:51 PM

Originally posted by TheMoneyShot

I believe I read in their PO section you are allowed a Free $50 on them in regards to fees in requesting your PO. It may have been changed? Always double check. But, that means you could get a PO of 2500 Bitcoins free of charge once every 30 days.

This is true, but only if requested on FRIDAY, and you must indicate that you are opting for your $50 monthly payout credit in your request.

**luctens** · 10-06-16, 07:40 PM

Originally posted by ronald

This is true, but only if requested on FRIDAY, and you must indicate that you are opting for your $50 monthly payout credit in your request.

Well that's something for the BetOnline naysayers. Unlimited free Bitcoin deposits, free Bitcoin withdrawals up to $2500 every 30 days and 25% bonus on reloads. Can't be bad.