Bitcoin transactions between books

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  • davethegambler
    SBR Hustler
    • 01-13-21
    • 64

    #1
    Bitcoin transactions between books
    Is it ok to send bitcoin directly from one book to another or should I first withdraw to my own wallet and then send it to the other book?
  • raiders72001
    Senior Member
    • 08-10-05
    • 11076

    #2
    Originally posted by davethegambler
    Is it ok to send bitcoin directly from one book to another or should I first withdraw to my own wallet and then send it to the other book?
    I like to withdraw to my wallet first. It makes it easier to track if there's a problem.
    Comment
    • davethegambler
      SBR Hustler
      • 01-13-21
      • 64

      #3
      That makes sense. Then is there any way to avoid paying the bitcoin transaction fees? They are sky high right now
      Comment
      • wombat
        SBR MVP
        • 11-23-20
        • 1022

        #4
        There is no way around the high fees, that is determined by the network. By the time you try to mix your transactions between wallets, you end up paying $20 to $30 in fees. If you use less than $5 in fees, you could wait for days.This is the issue with bitcoin only books.
        Comment
        • littlekona
          SBR Hall of Famer
          • 11-19-15
          • 5242

          #5
          I do it all the time between BTC exclusive and ones where I have a fixed btc address like one of my agent accounts. With Fiat ones have to be a bit more careful as some if not sent in time frame will reset the btc address and that can cause issues...
          Comment
          • NYproGambler
            SBR High Roller
            • 12-11-18
            • 178

            #6
            exactly what happened to me with low fee. used $3 fee and transaction has not been confirmed for 13 days and counting
            Comment
            • davethegambler
              SBR Hustler
              • 01-13-21
              • 64

              #7
              Originally posted by littlekona
              I do it all the time between BTC exclusive and ones where I have a fixed btc address like one of my agent accounts. With Fiat ones have to be a bit more careful as some if not sent in time frame will reset the btc address and that can cause issues...
              What are some agent accounts that take bitcoin?
              Comment
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