How to Use Bitcoin for Sports Betting Video Tutorial

[Sam Odom]

safety 1st

Sammy uses TWO wallets in between book --> coinbase or coinbase --> book

[mandy2424]

Sam-much appreciated. Do I need to transfer though from Book to blockchain to coinbase or can you go direct to coinbase

[Sam Odom]

mandy

you need another wallet or two -- blockchain wallet is good (set it up) -- then get one for your smart phone (personal preference) , like Bread & Bitpay wallets

In general : btc from sportsbook --> wallet (above) --> 2nd wallet --> coinbase

may take 3-4 biz days coinbase --> bank

[mandy2424]

Apologize but been betting for years and check this website frequently but never post.

Need help- I created the coinbase account and it verified my account instantly by having me sign in with my checking account jnfo(little sketchy)

So how does this work I then need to create a block chain account? If I do this then can I transfer directly from the sports book and into my coinbase-I'm not trying to purchase any coins just trying to cash out. If someone could please handle with kid gloves I'd be more than appreciative.

How long does it to take from coinbase to your checking account? is it safe?

[silverdollar444]

I recommend using Airbitz and then transferring to Coinbase.

[ATC727]

omfg i love bitcoin! i cant wait until ATM card arrives, i have to see this. I sure miss those Debit ATM's

[SBR Forum]

So it's
Book>Blockchain>coinbase>in to my banking account?
No need for a bitcoin ATM card?

Correct. A bitcoin ATM card isn't required.

[stackz125]

So it's
Book>Blockchain>coinbase>in to my banking account?
No need for a bitcoin ATM card?

[Bluehorseshoe]

Sounds like they are more focused on investors than retail users.

Oh well, at least we know what to expect.

Thanks for the update.

It's the ACH that's the problem.

[Optional]

Glidera is telling me 4 business days with the next transaction. lol

Sounds like they are more focused on investors than retail users.

Oh well, at least we know what to expect.

Thanks for the update.

[Bluehorseshoe]

I dont know BHS... been relying on you and others to tell me how Gemini works so I can share the info when needed.

Hopefully it will be less time now. I would expect so. Please let me me know?

Glidera is telling me 4 business days with the next transaction. lol

[YoungGambler]

Book > Blockchain > Coinbase > Bank.

This basically via coinbase? I haven't used it in while, whats the fee on coinbase?

[Optional]

So I took 3rd In bowl contest. How long does it take to receive payment once sent?

Moments until it shows up. Should be 10 mins until confirmed after that. If all is done properly and the system is not in backlog.

If you have not received your prize already you should reply to the PM asking for your bitcoin address and check all is ok.

[mintpicks79]

So I took 3rd In bowl contest. How long does it take to receive payment once sent?

[Russian Rocket]

Does sbr transfer to our sports books by anychance ? For contest cash winnings

I would suggest to transfer any future winnings that you might have here to your own wallet first. Then from there you can spread it out to any sportsbook of your choice.

The reason behind that, is that, if you use your own wallet, like for example coinbase, you'll have more control (In case of a problem) of the actual receiving address vs. no control all, if you decide to use a receiving address of the sportsbook.

[mintpicks79]

Does sbr transfer to our sports books by anychance ? For contest cash winnings

[mintpicks79]

Thank you sir Russian that helped

[gauchojake]

Buy Hi, Sell Low that's my motto!

[Russian Rocket]

Little confused on how to withdraw bitcoin from my coinbase account

To withdraw USD:
Most common way is to add your checking/savings bank acct to coinbase
then sell BTC on exchange and transfer USD to your bank acct

To withdraw an actual BTC:
All you gotta do is transfer bitcoins from coinbase to another wallet.

[mintpicks79]

Little confused on how to withdraw bitcoin from my coinbase account

[blowjoe2020]

What the hell are you talking about?? What did I do? lol

LOL You did nothing! It was the other guy who was acting like I should just know all about bitcoin right off the bat!

[Sam Odom]

I keep watching these before I jump in

[jjgold]

I keep watching these before I jump in

[SBR Natalie]

http://www.sportsbookreview.com/forum/bitcoin-sports-betting/3349951-how-avoid-taking-loss-when-bitcoins-value-seesaws.html

[Bluehorseshoe]

I dont know BHS... been relying on you and others to tell me how Gemini works so I can share the info when needed.

Hopefully it will be less time now. I would expect so. Please let me me know?

Of course.

[Optional]

Got it today after emailing. Should I be good to go from now on?

I dont know BHS... been relying on you and others to tell me how Gemini works so I can share the info when needed.

Hopefully it will be less time now. I would expect so. Please let me me know?

[Bluehorseshoe]

Thanks dick-face, you didn't know how to do it either at first Einstein. But I'm glad to see you are in the "High School" of Bitcoin! LOL

Like I tell the golfers that I teach, even Jack Nicklaus wasn't any good at golf before he learned.

What the hell are you talking about?? What did I do? lol

[SBR Natalie]

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.

You may want to check out the exchange Kraken.

[BeerDog99]

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.

[SBR Natalie]

LOL Yes I thought this bitcoin deal was instant too! I wanted to buy 1 bitcoin for around a grand, but the first buy from Coinbase only allowed me $250 from my bank account (yes even with the instant verification! I confirmed the 2 small deposit amounts into my bank account immediately.)

So then I bought $249 worth of bit coin, and Coinbase says it will be in my account on JAN 11th!

LOL So much for the "instant" bull-crap!! I haven't seen anyone post or talk about the long wait on the FIRST bitcoin buy!

I wish I would have known that! Now I have to wait 9 days before I can even sell it and get an ACH back to my bank account!

Hi joe,

Coinbase is the easiest to use option to buy and sell bitcoin for Americans but ACH purchases take 5 working days to post the bitcoin to your account. Withdrawals however will get back to your bank account in just 2 working days. If you wanted to go for a more advanced exchange like some members suggested, an international wire can get to a BitStamp in as little as 1 business day depending the banking route involved.

Your limits would be incrementally increased through Coinbase as you buy more bitcoin.

Thank you for your feedback

[RoyBacon]

Thanks dick-face, you didn't know how to do it either at first Einstein. But I'm glad to see you are in the "High School" of Bitcoin! LOL

Like I tell the golfers that I teach, even Jack Nicklaus wasn't any good at golf before he learned.

Blow,
I think the info was meant to be helpful only. Coinbase has some advantages such as buying when you don't have any money pre loaded in your account. Can't do that with Bitfinex/Bitstamp.

But Coinbase is super expensive and they will ask for all kind of things if you do some larger transactions.

Onto golf, pissed my local teaching pro off when I went to the Dave Pelz short game school. But it has really helped. Still cant get the bump and run chip though.

[blowjoe2020]

I used Airbitz with Glidera.

Thanks dick-face, you didn't know how to do it either at first Einstein. But I'm glad to see you are in the "High School" of Bitcoin! LOL

Like I tell the golfers that I teach, even Jack Nicklaus wasn't any good at golf before he learned.

[Bluehorseshoe]

Blow and Blue,
Coinbase is like being in elementary school with all their rules and limits AND extremely high commissions. But they are still good to learn the ropes and they are secure and real.

Once you have graduated BTC elementary you should open an account at Bitfinex or Bitstamp. Bitfinex is quite a bit less costly than Bitstamp. There are no limits and you get a true price when you buy/sell and the commission is only $1.5 per BTC versus Coinbase which scalps you about $2 worse than market price and charges about $10 per BTC commission.

I used Airbitz with Glidera.

[RoyBacon]

Blow and Blue,
Coinbase is like being in elementary school with all their rules and limits AND extremely high commissions. But they are still good to learn the ropes and they are secure and real.

Once you have graduated BTC elementary you should open an account at Bitfinex or Bitstamp. Bitfinex is quite a bit less costly than Bitstamp. There are no limits and you get a true price when you buy/sell and the commission is only $1.5 per BTC versus Coinbase which scalps you about $2 worse than market price and charges about $10 per BTC commission.

[Bluehorseshoe]

Damn. Too slow.

Got it today after emailing. Should I be good to go from now on?