Hey everyone, live in the US. What bitcoin is best to use at 5Dimes? Never used it.
Thanks.
5918mike
SBR MVP
04-16-14
1885
#2
Buy at Coinbase - transfer to Blockchain - transfer to 5D.
Withdraw from 5D to Blockchain - transfer to Coinbase and sell.
Or
Withdraw from 5D to Blockchain - transfer to Bitpay card - spend money using the card or withdraw from ATM.
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MatSam
SBR Hustler
08-26-10
75
#3
Can I withdraw from Blockchain to my debit or be account direct?
Comment
Optional
Administrator
06-10-10
61356
#4
Originally posted by MatSam
Can I withdraw from Blockchain to my debit or be account direct?
No. blockchain.info/wallet is just a free wallet to hold your bitcoin.
You just use it between Coinbase and any books as Coinbase do not approve of users gambling with bitcoin purchased there.
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Comment
MatSam
SBR Hustler
08-26-10
75
#5
That good to know about coinbase. So what should I do if I want to withdraw to debit or bank?
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Optional
Administrator
06-10-10
61356
#6
Originally posted by MatSam
That good to know about coinbase. So what should I do if I want to withdraw to debit or bank?
Withdraw from your book to the bockchain wallet. Then send it to your Coinbase wallet. Then sell it to them and they transfer the US$ to your bank account in 1 bus day.
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Comment
MatSam
SBR Hustler
08-26-10
75
#7
So, with coinbase as long as I don't deposit to make bets they are fine to use?
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Optional
Administrator
06-10-10
61356
#8
Originally posted by MatSam
So, with coinbase as long as I don't deposit to make bets they are fine to use?
Quite a few people have been asked questions or banned from using them due to being suspected of breaking their term about gambling use.
But most fly under the radar.
The best you can do it try to give them a good reason to not have to question you by not sending directly to or from any sportsbook.
If you do get shut down they still give you your money.
And you move on to another company like Gemini.com
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MatSam
SBR Hustler
08-26-10
75
#9
I should Gemini good to use instead?
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Optional
Administrator
06-10-10
61356
#10
Originally posted by MatSam
I should Gemini good to use instead?
Either is fine.
About the same. Bith take 3 bus days to creit inward cash deposits and 1 day to send withdrawals to bank accounts. Coinbase offers a low limit instant buy with card feature that Gemini does not which can be handy. Gemini is a little cheaper on fees.
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MatSam
SBR Hustler
08-26-10
75
#11
Ok. Thanks for the help.
Comment
5918mike
SBR MVP
04-16-14
1885
#12
I would encourage you to look into the bitpay card and read the thread about it here. It allows you access to the cash without going through coinbase and your bank account again. I had a tough time getting my card at the start but it is great once set up.
Comment
Optional
Administrator
06-10-10
61356
#13
BitPay card definitely a good option but it's only for withdrawing with MatSam. You'll still need Coinbase/Gemini to buy coin when you need it.
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Comment
MatSam
SBR Hustler
08-26-10
75
#14
So with Bitpay I don't need a coinbase? Correct?
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MatSam
SBR Hustler
08-26-10
75
#15
Got it. Thanks.
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MatSam
SBR Hustler
08-26-10
75
#16
Ok.... now getting real frustrated! 3rd rejected withdraw from 5Dimes. I don't think it's 5Dimes, they are awesome. Coinbase is the issue. I think? What is another bitcoin I can use that is more user friendly? Thanks
Comment
Optional
Administrator
06-10-10
61356
#17
Originally posted by MatSam
Ok.... now getting real frustrated! 3rd rejected withdraw from 5Dimes. I don't think it's 5Dimes, they are awesome. Coinbase is the issue. I think? What is another bitcoin I can use that is more user friendly? Thanks
You didn't really try to withdraw directly from 5D to Coinbase did you?
Originally posted by 5918mike
Buy at Coinbase - transfer to Blockchain - transfer to 5D.
Withdraw from 5D to Blockchain - transfer to Coinbase and sell.
Originally posted by Optional
No. blockchain.info/wallet is just a free wallet to hold your bitcoin.
You just use it between Coinbase and any books as Coinbase do not approve of users gambling with bitcoin purchased there.
^^^ this was meant to explain not to do that.
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Comment
MatSam
SBR Hustler
08-26-10
75
#18
Why does 5Dimes say they allow transfers to Coinbase?
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Optional
Administrator
06-10-10
61356
#19
Why ask me? You obviously don't believe what you were told here. Maybe ask them.
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Comment
MatSam
SBR Hustler
08-26-10
75
#20
Ok. It was 5Dimes fault. Going to follow every step you mentioned. Thanks. Didn't mean to disrespect you.
Comment
5918mike
SBR MVP
04-16-14
1885
#21
LOL, whatever you do stay away from directly transferring between coinbase and any sportsbook. Eventually coinbase will flag it and close your account.