sportsbooks telling people its safe to just go coinbase to sportsbook.

LineShifterz · 08-30-17, 01:20 AM

its clearly states in coinbase policy rules and regulations. that they will freeze/close your account if the funds are used for gambling purposes .... dont trust a sports book cust service rep. .... they known penetrate all and dont care too.... im sure they make a little better than min. wage

Optional · 08-30-17, 02:56 AM

We have not seen anyone post about having a Coinbase account, or any other, banned for gambling use in quite a while. I personally think this is probably due to their original tracking solution no longer working since wallets pretty much all started using a new address for each transaction by default.

What Lineshifterz says about gambling use being banned in Coinbase (and all US licensed exchanges) terms is still correct though.

I don't know how important it is to respect that rule now but personally I think it is smarter to still do so.

And in this particular case, if a book claims they have hundreds of users sending direct under their instructions, then that is one book I would definitely not send directly to. As they are just putting themselves and their clients on the radar encouraging "hundreds of players" to do that.

zert · 08-30-17, 01:40 PM

Looks like Gemini lets you use ACH to deposit with. Is it alright to use for a sportsbook after going through a wallet of course. Tbanks

TheMoneyShot · 08-30-17, 04:42 PM

Originally posted by zert

Looks like Gemini lets you use ACH to deposit with. Is it alright to use for a sportsbook after going through a wallet of course. Tbanks

Gemini is very valuable when buying Bitcoin. They probably give you the best price.

I wouldn't send directly from Gemini to a sportsbook. I wouldn't want to give a place like Coinbase... Gemini a reason to ban me.

1. Gemini to Blockchain.

2. Blockchain to sportsbook.

TheMoneyShot · 08-30-17, 04:43 PM

Originally posted by trytrytry

**New Customers - Our Preferred Option is xxxx, otherwise use Bitcoin!**Use your Debit Card to deposit with Bitcoin! Take a few minutes to open an account and buy Bitcoin using your Debit Card at https://coinbase.com. Once you have done this, contact us for a Bitcoin address to send money to, and complete the transfer from your Coinbase account into your xxxx account.

-----------------------------

Visitor:ive heard it terrible idea to send coinbase to sportsbooks. yet your guys print that. are you sure thats best way?Visitor:hello

cust service:Thank you for waiting, I do not understand why it is a terrible Idea, we have hundreds of players using this method, it is just a money transfer like any other

Visitor:coinbase has banned people for going form coinbase to sportsbooks and back. intersting maybe its not happening any more. on the forums they suggest to get to coinbase to blockchin wallet first..then to sportsbook. have you heard of that?

Cust service:I am sorry I do not know about that, sorry

cust serv.:Thank you for waiting, I do not understand why it is a terrible Idea, we have hundreds of players using this method, it is just a money transfer like any other

cust serv .:I am sorry I do not know about that, sorry
cust serv.:I think that is also not saying the truth

cust serv .:Coinbase does not know to whom you are sending the funds to

cust servc .:I would not take the opinions of people on forum seriously

Visitor:yea ok

This is something else. Sounds like an inexperienced chat support rep.

zert · 08-30-17, 08:33 PM

What a bunch of crap this is. Of course my bank isnt on there little bank list so I still would have to wire a deposit to verify. It is easier to just do it other ways. Thanks for the help but this just isnt the thing for me.

Sobob99 · 08-30-17, 09:14 PM

How would Coinbase know who you are sending the funds to? Just wondering

Optional · 08-30-17, 11:33 PM

Originally posted by zert

What a bunch of crap this is. Of course my bank isnt on there little bank list so I still would have to wire a deposit to verify. It is easier to just do it other ways. Thanks for the help but this just isnt the thing for me.

Wire is faster than ACH

TheMoneyShot · 08-31-17, 01:38 AM

Originally posted by Optional

Wire is faster than ACH

The only issue with that... some bnks charge around $25.00 for outgoing wire.

There are some bnks that will give you free outgoing wires... but you have to be on a higher tier savings... or chk acct.

Optional · 08-31-17, 02:14 AM

Originally posted by TheMoneyShot

The only issue with that... some bnks charge around $25.00 for outgoing wire.

There are some bnks that will give you free outgoing wires... but you have to be on a higher tier savings... or chk acct.

Mine charges $15. A USA bank user told me theirs charges $10 a day or two ago.

I think it's worth it for overnight v 5 business days personally.

We've been paying 4 or 5 bucks for bitcoin transfers recently.

zert · 08-31-17, 11:57 AM

I appreciate all the advice. Thank you. But I just wanted to set in front of the computer and make some clicks and be done. If I have to wait a couple of days I am not in that big of a hurry. I live in a small town everybody knows everybody dont want to go down to the bank and do this wire thing plus the extra expense. ACH is easier. I might look at coinbase again. I know some of you are not big fans but their deposit options are better right now.

themike78 · 08-31-17, 05:10 PM

Originally posted by zert

I appreciate all the advice. Thank you. But I just wanted to set in front of the computer and make some clicks and be done. If I have to wait a couple of days I am not in that big of a hurry. I live in a small town everybody knows everybody dont want to go down to the bank and do this wire thing plus the extra expense. ACH is easier. I might look at coinbase again. I know some of you are not big fans but their deposit options are better right now.

I'm warning you coinbase is the devil. But you are free to do as you choose. Just hope you never need customer support or lose your phone.

jose21_us · 09-02-17, 07:34 AM

Like I have said in a couple other threads stay away from coinbase

TheMoneyShot · 09-08-17, 02:53 AM

Originally posted by Optional

Mine charges $15. A USA bank user told me theirs charges $10 a day or two ago.

I think it's worth it for overnight v 5 business days personally.

We've been paying 4 or 5 bucks for bitcoin transfers recently.

It's a great value if you can get it for $10.00

With some luck you might be able to wash that $10.00 if the Bitcoin moves in your favor.

My bnk charges $30.00 just found that out.

I still think Gemini is the best when purchasing coins... no one even comes close.

Venom72 · 09-09-17, 08:02 PM

Ive never used a wallet and always did book to coinbase and vice versa, never any issues, my buy/sell limits have increased as a result of me using it so much, im pretty sure they have other things to worry about besides if someone is possibly using them for gambling, this isnt p2p where it got suspicious after awhile sending and getting money from some random country all the time, with books using diffirent addresses each time im sure its not easy to try and track where its coming from

seaborneq · 08-09-18, 08:28 AM

Originally posted by Venom72

Ive never used a wallet and always did book to coinbase and vice versa, never any issues, my buy/sell limits have increased as a result of me using it so much, im pretty sure they have other things to worry about besides if someone is possibly using them for gambling, this isnt p2p where it got suspicious after awhile sending and getting money from some random country all the time, with books using diffirent addresses each time im sure its not easy to try and track where its coming from

Is coinbase to sportsbook still a problem for some players???

danshan11 · 08-20-18, 01:13 PM

Originally posted by Sobob99

How would Coinbase know who you are sending the funds to? Just wondering

read about how the blockchain works. One hop is not enough I would do a few hops personally and I would never pay a fee to CB I would just use their market and save the fees!

cx89 · 08-20-18, 11:45 PM

Just google coinbase freezes/bans account... They are still happening and always will.

The fees you save from not going blockchain first is literally 6 CENTS.

Don't be a moron never directly send anything to or from coinbase from a source that they deem inappropriate. Not worth losing your account and control of your funds for 6 CENTS.

(I just sent btc with priority fee for 5 cents.)

qsgsg · 08-21-18, 09:54 AM

A successful punter knows whats a good risk to reward ratio and when to take a chance. Saving a dollar or even cents in transfer, for the convenience risk shows which category you fall under.