Bitcoin madness.

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  • dmonaco712
    SBR Rookie
    • 11-02-16
    • 33

    #1
    Bitcoin madness.
    Opened a Circle account and deposited 27.00. Sent 25.00 to 5dimes and the transaction was rejected
    and my account frozen. They returned my 27.00. After 2 weeks of back and forth they reopened it
    and I redeposited the 27.00. After reading these threads I got an intermediary wallet with blockchain.
    I got a bitcoin address from blockchain to make the transfer which I plugged into Circle.
    After about an hour Circle listed it completed. It showed up 3 hours later on blockchain with the label
    watch only. Blockchain stated I needed a private key which I had no idea what it was or where to get it.

    Blockchain said it was not generated by them and had no way of getting it. Circle also said it was not
    generated by them and they had no way to get it. They claim it should have been included in the
    original bitcoin address which came from blockchain. I do not remember a private key ever being mentioned.

    So now it appears I lost the funds I have no way of accessing it. I tried everything. It is not a ton of money
    but it is not the point. Does anyone have any suggestions?

    Besides all this the bottom line is bitcoin is hostile to sportsbooks as indicated many times in this forum. Initial research made it sound like a panacea.
    For me the big attraction was lower deposit limits. But if we have to steptoe around in fear of getting
    caught than the benefits are not worth the headache IMO. My prepaid and bank debit card will do
    fine as I have had no problems with them. Thank you for taking the time to read this.
  • Roscoe_Word
    SBR MVP
    • 02-28-12
    • 3999

    #2
    Can't quite remember what a private key is. I remember getting an ID # (which is a long string of #s) and I'm wondering if that is tantamount to a private key.

    Try posting in the "Sports Book Industry" forum. There are always some helpful posts there and I've learned in that forum.

    I think Sports Books have minimum deposit requirements even with Bitcoin.

    Here are some FYI:

    5Ds = $50
    Bookmaker = $10
    Heritage = $25
    BetOnline = $20
    Comment
    • dmonaco712
      SBR Rookie
      • 11-02-16
      • 33

      #3
      Thank you I posted it to the industry forum. I started a new bitchain wallet to experiment and nothing mentioned about
      a private key. I am sending 1.00 from circle I will see what happens. 5dimes which is my regular book does accept
      $25 bitcoin deposits. Also discovered Heritage accepts $15 debit deposits which is great but they lack some line
      offerings I love to play on 5 dimes.
      Comment
      • dmonaco712
        SBR Rookie
        • 11-02-16
        • 33

        #4
        This transfer went through

        This time it went through I have no idea why.
        Comment
        • roanildinho
          SBR MVP
          • 06-02-10
          • 1320

          #5
          you gotta get used to it.
          Comment
          • Roscoe_Word
            SBR MVP
            • 02-28-12
            • 3999

            #6
            Originally posted by roanildinho
            you gotta get used to it.
            Comment
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