For sportsbooks, must the deposit be in BC for a later withdrawal to be in BC?

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  • Capybara
    SBR Posting Legend
    • 08-17-08
    • 11803

    #1
    For sportsbooks, must the deposit be in BC for a later withdrawal to be in BC?
    Just wondering how this works.

    I did my deposit in BC a month or so back. Of course I lost it so this is for future reference, lol. I will need to redeposit, so was basically wondering what the advantage would be of buying bitcoin and depositing that.

    I like the idea of a BC withrawal because it happens quickly and there is no fee, correct?? But in order to do this, must you have deposited in BC also? Maybe this is a dumb quesiton, I don't know.

    Thanks.
  • Optional
    Administrator
    • 06-10-10
    • 61672

    #2
    Most books want you to deposit by bitcoin if withdrawing that way but rules are stricter some books than others.

    Many will let you do it once, or occasionally, but just about all seem to jack up eventually. Youwager didn't stop you up until recently but they require bitcoin in/out too now. Think that was the last major book to do that.

    If you are using 5Dimes it's definitely worth doing the 3 bitcoin deposits in a row to become 'exclusive' as that gets you faster payouts reliably.
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    • Capybara
      SBR Posting Legend
      • 08-17-08
      • 11803

      #3
      Originally posted by Optional
      Most books want you to deposit by bitcoin if withdrawing that way but rules are stricter some books than others.

      Many will let you do it once, or occasionally, but just about all seem to jack up eventually. Youwager didn't stop you up until recently but they require bitcoin in/out too now. Think that was the last major book to do that.

      If you are using 5Dimes it's definitely worth doing the 3 bitcoin deposits in a row to become 'exclusive' as that gets you faster payouts reliably.
      Thanks, Opti! Yes, I use 5Dimes. What are you saying about becoming exclusive, what does that mean? I don't mind doing it I guess, there's really no reason not to, right? I just have to buy the bitcoins at Coinbase, send them to my Blockchain wallet, and then send them to 5Dimes, right? Although that could take some time I'm guessing.
      Comment
      • Optional
        Administrator
        • 06-10-10
        • 61672

        #4
        Originally posted by Capybara
        Thanks, Opti! Yes, I use 5Dimes. What are you saying about becoming exclusive, what does that mean? I don't mind doing it I guess, there's really no reason not to, right? I just have to buy the bitcoins at Coinbase, send them to my Blockchain wallet, and then send them to 5Dimes, right? Although that could take some time I'm guessing.
        Basically if you only use bitcoin you have bigger monthly payout limits and go to the top of the queue.

        You need to deposit 3 times in a row with btc to get that status.

        Exclusive people report being paid within hours usually. Sometimes it can take a day or two if you want bitcoin and are non-exclusive.
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