How to Use Bitcoin for Sports Betting Video Tutorial

[egzacto]

Yea that was ACH submitted ID for verification I'll wait for them to get back with me and see what happens thanks for your help

[Optional]

I opened a Gemini account and linked a bank account but it will only allow me to initially transfer $500 . I failed to mention looking to fund about 5k.

I'd assume that is for ACH or card deposits.

Do they mention anything about a wire deposit option in your account? Because they can't stop you sending 5k that way.

Or do they say it will be sent back or something like that if you wire more than the limit?

[egzacto]

I opened a Gemini account and linked a bank account but it will only allow me to initially transfer $500 . I failed to mention looking to fund about 5k.

[Optional]

Will it be possible to fund my sports book account and have funds available for Saturday. I have cash or could link bank account but that seems to take too long. Are ATMs super high in fees? What about local bitcoins.com is that safe or real risky ?TIA

If you deposit cash to Gemini/Coinbase using a wire transfer instead of ACH then it becomes available and cleared same day or overnight.

Most bitcoin ATMs will charge 7-10% by default but are instant. You can sometimes call the phone number on the side and ask the operator to give you a better rate.

The CashApp from square inc on your phone is fast to buy from too.

[egzacto]

Will it be possible to fund my sports book account and have funds available for Saturday. I have cash or could link bank account but that seems to take too long. Are ATMs super high in fees? What about local bitcoins.com is that safe or real risky ?TIA

[lt56]

Do you have to have a smartphone to use bitcoin. All I have is a dumb phone. I pad and laptop.

I also have a flip phone; me and you must be the only 2 people left with flip phones except some seniors. Cause of flip phone; I can't get verified with coinbase to send or receive money. So I don't think opening blockchain account will matter. The moderator here has tried to help and I follow his steps but I think I need a smart phone for coinbase to send or recieve. I got verified to send or receive to my bank account but not for other websites. I tried; I'm done

[Optional]

It's just personal preference and what your lifestyle demands. No advantage to using a phone.

Although you can't use 2 Factor Authentication (2FA) without a smart phone. Which is basically a unique code delivered to your smartphone that is needed as well as the normal password each time you login fro extra security.

[unluckysob]

No. You can do it all on a laptop.


You need an Exchanger to buy/sell your bitcoin. Gemini.com or Coinbase.com

You need a personal wallet you own. Blockchain.com/wallet/ is a website based one you can get started with.


Get verified at your exchanger and fund the account.

Once those funds are "cleared" buy some bitcoin from them and send it you personal wallet. From there deposit it in your sportsbook account.


When withdrawing have the sportsbook send the bitcoin to your personal wallet. The you send it to the exchanger and sell it for $$ which can then be transferred to your bank.

Thanks. I think I understand the exchange process. I hear of people carrying around the bit coin code on their phone. What advantage is this?? I got cut off at PtoP couple of weeks ago. Got to find a better way.

[Optional]

Do you have to have a smartphone to use bitcoin. All I have is a dumb phone. I pad and laptop.

No. You can do it all on a laptop.


You need an Exchanger to buy/sell your bitcoin. Gemini.com or Coinbase.com

You need a personal wallet you own. Blockchain.com/wallet/ is a website based one you can get started with.


Get verified at your exchanger and fund the account.

Once those funds are "cleared" buy some bitcoin from them and send it you personal wallet. From there deposit it in your sportsbook account.


When withdrawing have the sportsbook send the bitcoin to your personal wallet. The you send it to the exchanger and sell it for $$ which can then be transferred to your bank.

[unluckysob]

Do you have to have a smartphone to use bitcoin. All I have is a dumb phone. I pad and laptop.

[lt56]

Sammy reloaded 5 offshore books for football... all with bitcoin

Sammy made $$$ doing so -- did not lose a cent

Sammy is almost 70yo -- Sammy aint that smart

Sammy got bitcoins figured out many years ago

Some people are just really dumb... total dumbasses <---- Sammy wishes he could book their bets

I set up account with Coinbase and got verified to send money to and from coinbase with my bank account, but I can't get verified with coinbase to send money from coinbase to 5Dimes. The moderator tried helping me a few weeks ago, but I'm not able to do it; even after watching video posted here. So after almost 15 years with 5Dimes I'm done. Drove an hour to NY casino to make some futures but wouldn't bother driving an hour to bet each week. Stupid governor of NY blocked using computer or phone to bet. Thanks to the people who tried to help. Congrats to Sammy who's older than me and much smarter

[Conueta123]

I use blockchain and bitstamp for bitcoin ahaha super easy to use

[Sam Odom]

Sammy reloaded 5 offshore books for football... all with bitcoin

Sammy made $$$ doing so -- did not lose a cent

Sammy is almost 70yo -- Sammy aint that smart

Sammy got bitcoins figured out many years ago

Some people are just really dumb... total dumbasses <---- Sammy wishes he could book their bets

[Optional]

I just tried buying bitcoin for the first time with coinbase directly from my bank account....there was a 9 day hold..by the ti,e i waited 9 days and fees bit coin went way down so my $800 was $680 by the time i could transfer it to a sportsbook..
I thought it was a first time hold...nope another transfer showed a wait time of 11 days to transfer..
why would anyone want to use this...got hit for $120 loss by the time could transfer the money to the book...this is a shit method..cant see anyone wanting this...bit coin unstable on a 9 day wait

The wait time appears to be based on how risky they profile you as. It seems to be variable first time but should end up being 5 days if depositing by ACH once established.


You can avoid the wait time by depositing to Coinbase by Wire instead of ACH. That is credited and cleared either same day or overnight.

Also you do not have to purchase Bitcoin and then wait for the ACH to clear if you do not wish to do that.

You can just deposit US$ and wait for it to clear before purchasing Bitcoin.

Or if you did choose to buy bitcoin at same moment as requesting ACH transfer, then you can decide to sell that Bitcoin for US$ and hold it on the exchange until clear and buy bitcoin again.


There is no reason you should be stuck with a loss like this. The choice of how and when to do the actual BTC purchase is 100% in your own control.

[Sam Odom]

...this is a shit method..cant see anyone wanting this...

Many call BTC 'ShitCoin'

[lentel]

holding and fees

Coinbase or Kraken service native Euro countries quite well.

There is a good list of reliable European exchanges here too https://bitcoin.org/en/exchanges#europe

I just tried buying bitcoin for the first time with coinbase directly from my bank account....there was a 9 day hold..by the ti,e i waited 9 days and fees bit coin went way down so my $800 was $680 by the time i could transfer it to a sportsbook..
I thought it was a first time hold...nope another transfer showed a wait time of 11 days to transfer..
why would anyone want to use this...got hit for $120 loss by the time could transfer the money to the book...this is a shit method..cant see anyone wanting this...bit coin unstable on a 9 day wait

[milesbk23]

nice breakdown (nice pic too )

Most sites are fun, fast and effective. Delays could only be as long as a new block (so ten minutes).

[Carseller4]

If I ever got lucky enough to win a SBR contest that pays out in Bitcoin, could that prize be shipped directly to a sports book?

Never got into Bitcoin and am trying to hold out as long as possible.

[osawalovelymo]

Can anyone recommend a good btc/eur exchange service?

Try Kraken

[osawalovelymo]

Any recommendations for Canadians? It looks like I have to send my bitcoin from Coinbase to something else to actually get the $$ (USD/CAD).. Thanks.

Hi guys! I actually using Blockchain for my bitcoin deposit and withdrawal. It's easy to use.

[Optional]

Can anyone recommend a good btc/eur exchange service?

Coinbase or Kraken service native Euro countries quite well.

There is a good list of reliable European exchanges here too https://bitcoin.org/en/exchanges#europe

[Berry]

Can anyone recommend a good btc/eur exchange service?

[Optional]

I am confused on why you need blockchain and just can't send the bitcoin from sports book to coin base

Technically you can.

But it is against Coinbase's terms of service to use them for transferring gambling funds. When they detect it they have shut down many accounts.

Not sending directly between them and a sportsbook makes it much less likely to happen.


One other reason to use your own wallet that you control at one end of every transaction you make is that you retain some control and full information about the transfer. And if anything goes wrong you do not have to deal with two separate third parties and possibly try to get them to communicate about it for you.

[JohnGalt2341]

It does that some times, depending on your browser and which ad-blocker browser extensions you have running...

That was the problem. Thanks a bunch!

[solring]

It's not working for some reason. I think something is goofy with my account. I can't see any items at the store right now for some reason. If anyone knows how to fix this I would appreciate it.

It does that some times, depending on your browser and which ad-blocker browser extensions you have running...

[JohnGalt2341]

Search works fine here. And no else says it does not work I know of. Do you not see this page? https://store.sportsbookreview.com/search/bitcoin

I turned off Adblock and now it works fine. Thanks.

[Optional]

It's not working for some reason. I think something is goofy with my account. I can't see any items at the store right now for some reason. If anyone knows how to fix this I would appreciate it.

Search works fine here. And no else says it does not work I know of. Do you not see this page? https://store.sportsbookreview.com/search/bitcoin

[JohnGalt2341]

Yes, if you put "bitcoin" in the store search box you should see it.

It's not working for some reason. I think something is goofy with my account. I can't see any items at the store right now for some reason. If anyone knows how to fix this I would appreciate it.

[Optional]

Can you still purchase bitcoin at the sbr store? I couldn't find it.

Yes, if you put "bitcoin" in the store search box you should see it.

[JohnGalt2341]

Can you still purchase bitcoin at the sbr store? I couldn't find it.

[Optional]

I'm in another country and I'm having a difficulty time finding a place that allows new accounts. I need a place that I can withdraw to my US bank account but accepts new accounts from Colombia........

I think independentreserve.com might allow you to do that. It's Australian regulated but you can register from most countries. They charge $20 for a wire to a US$ account and I doubt they care if it's the same country as you, as long as it's in your name. Can't hurt to ask.

[JayLA]

I'm in another country and I'm having a difficulty time finding a place that allows new accounts. I need a place that I can withdraw to my US bank account but accepts new accounts from Colombia........

[ItsMeJason]

What is the best wallet to use for the USA player between Coinbase and the Sportsbook now? Thanks.

Coinbase, Blockchain, Sportsbook.
The fee to send from Blockchain to Sportsbook is a few pennies

[html12345]

hello

Hello, I'm Cris from the USA. Newly joined this forum.
That is a very good tutorial with video assistance you shared. thanks for sharing it. It is good for newbies.

[TheMoneyShot]

What is the best wallet to use for the USA player between Coinbase and the Sportsbook now? Thanks.

You can use an Electrum wallet

Or you can use a Blockchain wallet.

Both pretty easy to use.