[ajee622]

well i'm finally going to take the plunge and try this who bitcoin/bit pay debit card thing.

I've done research on this forum but just want to make sure i have all my info correct:

1) I setup bitpay and about to deposit some $$ through Gildera to buy the bitpay debit card.
2) Once i order the card, hopefully i get it within a few business days.
3) Buy into sportsbook.ag so I am able to withdraw via bitcoin
4) Withdraw sportsbook funds to bitpay...should cost 5% according to sportsbook
5) Convert bitcoin to US $$ on bitpay
6) Go to bank and do a cash advance on the bitpay card. Will i get charged by the bank or bitpay??

any help appreciated.

[Optional]

well i'm finally going to take the plunge and try this who bitcoin/bit pay debit card thing.

I've done research on this forum but just want to make sure i have all my info correct:

1) I setup bitpay and about to deposit some $$ through Gildera to buy the bitpay debit card.
2) Once i order the card, hopefully i get it within a few business days.
3) Buy into sportsbook.ag so I am able to withdraw via bitcoin
4) Withdraw sportsbook funds to bitpay...should cost 5% according to sportsbook
5) Convert bitcoin to US $$ on bitpay
6) Go to bank and do a cash advance on the bitpay card. Will i get charged by the bank or bitpay??

any help appreciated.

Does sportsbook.ag charge 5% for bitcoin withdraws?? Or do they mean you might lose that in bank/conversion/transfer fees outside of them?

You should expect to lose no more than 2% if they are using a fair rate and you do the conversion promptly after receipt.

1) check
2) it will take about 2 weeks
3) check
4) You should withdraw to a personal wallet rather than having SB send straight to your bitpay card. If there is a problem it will be just a mess trying to hassle SB and/or Bitpay to sort it out. Open a blockchain.info/wallet and withdraw to there and re-send to the bitpay card. I have read loads can be rejected if you send too much and it can take up to 21 days to resolve. Basically handle it yourself and dont take the 'easy' route of book>bitpay is my advice.
5) when you load the bitpay it is auto converted to US$. Users report at a great exchange rate. So wont lose much in that part.
6) There is a card charge and a potential ATM charge if you withdraw from a machine. Not certain of charges over the counter to cash advance. You can also go to Walmart and use it to buy a mony order and then either cash that (at Walmart as well) or deposit to your bank. That is near free. 2 or 3 bucks total from what posters have said. You can also buy things with the card and that is fee free.

[themike78]

There is only one thing you are doing wrong. You are playing with sports book.ag.. Play with nitrogen if you are going the bitcoin route. Instant payout 24/7 7 days a week. Youwager great as well. Doesn't sports book.ag take like a week to pay? Why bother with them.

[Optional]

There is only one thing you are doing wrong. You are playing with sports book.ag.. Play with nitrogen if you are going the bitcoin route. Instant payout 24/7 7 days a week. Youwager great as well. Doesn't sports book.ag take like a week to pay? Why bother with them.

Some people don't want to speculate on the bitcoin price. Just use it as a money transfer system. Nitro no good for them.

Payout reports say SB sending bitcoin within 24 hours right now. Agree it's a lottery how long they will keep that up though. Was taking a week or two in October.

[Courtesywipe]

There is only one thing you are doing wrong. You are playing with sports book.ag.. Play with nitrogen if you are going the bitcoin route. Instant payout 24/7 7 days a week. Youwager great as well. Doesn't sports book.ag take like a week to pay? Why bother with them.

^^ this ^^

[filis1]

I can confirm that for the last month for any bitcoin request it takes 24 hours and they are holding 5% of your withdraw amount. This is for sportsbook.ag

[Memento]

I can confirm that for the last month for any bitcoin request it takes 24 hours and they are holding 5% of your withdraw amount. This is for sportsbook.ag

But you also always get a 20% bonus on all BTC deposits.,..25% on Thursdays with promo code. You should be able to easily offset the fees. Have had 3 payouts form them the past 30 days and none took longer than 16 hours. Now, it did take me 14 weeks one time to get a check from them and back in August I think I needed a week to get paid, They may get back to their old habits of slow pays once the NFL is over....but right now they are pretty timely with BTC payouts.

[Optional]

I can confirm that for the last month for any bitcoin request it takes 24 hours and they are holding 5% of your withdraw amount. This is for sportsbook.ag

What do you mean holding?

Can you get this back?

Or do you mean there is really a 5% withdraw fee?

[ajee622]

there is a 5% withdraw fee...says it on the site....is this bad???

[ajee622]

does that bitpay card have a monthly fee too?? i don't remember seeing one

[Optional]

there is a 5% withdraw fee...says it on the site....is this bad???

Well, it's not great. Higher than anywhere else I know of.

But as Memento pointed out in post #7, they offer a perpetual reload bonus on bitcoin to offset it, so not a big issue I guess.

does that bitpay card have a monthly fee too?? i don't remember seeing one

If you dont use it for 3 months they start charging $5 per month.

[ajee622]

i know people hate sportsbook.ag and i totally agree why, but they do offer good deals. i just got a 100% reload bonus, 20x rollover. bought in for $250, they matched $250 so had $500 to play with.....new years weekend goes by and i'm going 70%....i've gotten back $100 of the reload and i'm up $850....so i'm happy with the site provided i can get my money back in a timely manner....

[ajee622]

Does sportsbook.ag charge 5% for bitcoin withdraws?? Or do they mean you might lose that in bank/conversion/transfer fees outside of them?

You should expect to lose no more than 2% if they are using a fair rate and you do the conversion promptly after receipt.

1) check
2) it will take about 2 weeks
3) check
4) You should withdraw to a personal wallet rather than having SB send straight to your bitpay card. If there is a problem it will be just a mess trying to hassle SB and/or Bitpay to sort it out. Open a blockchain.info/wallet and withdraw to there and re-send to the bitpay card. I have read loads can be rejected if you send too much and it can take up to 21 days to resolve. Basically handle it yourself and dont take the 'easy' route of book>bitpay is my advice.
5) when you load the bitpay it is auto converted to US$. Users report at a great exchange rate. So wont lose much in that part.
6) There is a card charge and a potential ATM charge if you withdraw from a machine. Not certain of charges over the counter to cash advance. You can also go to Walmart and use it to buy a mony order and then either cash that (at Walmart as well) or deposit to your bank. That is near free. 2 or 3 bucks total from what posters have said. You can also buy things with the card and that is fee free.

is bitpay considered a personal wallet then?? so when i withdraw i send it from my sportsbook account via bitcoin to bitpay wallet, then transfer from bitpay wallet to bitpay debit card???

yes sportsbook.ag charges 5%.........so basically i'm paying them the 5% fee and then maybe $2 to withdraw from ATM....not terrible i guess if i get the money within 24 hours...