Best Method to Receive Crypto Payment with the Lowest Fees?

[gym rat]

Just make sure you use the right chain such as Ethereum. Good idea to watch that video.

I just watched the video. The video guy shows USDT Tether . So I should basically receive 1 to 1 from Betonline for USDT ? What exactly do you mean to use the right chain such as ethereum? Do you mean that I should not withdraw from Betonline directly to CoinBase ?

[raiders72001]

Just make sure you use the right chain such as Ethereum. Good idea to watch that video.

[raiders72001]

It appears that the only cost would be converting from USDC to USD. But I'm unable to find out or even get a rough idea of what the fee would be per $1000. Binance told me they are unable to give me an idea. I would have to receive the USDC and the only way to find out the fee would be to put the conversion order in and it would show fee.

But then Binance followed up with telling me they are having issues with USD so it appears I may have to use Coinbase.

Does anyone know roughly what it would cost in conversion fees roughly per $1000 on Coinbase Advanced?

Close to 0. Do it in USDT. BOL offers USDT withdrawals.

[raiders72001]

That sounds smart but I cannot use Betonline from where I live so am unable to confirm if it will work as expected.

@Raiders, can you think of any potential hidden costs or delays he may run up against using USDC?

edit- just saw you said USDC so it's pegged 1 to 1 and should be same.

[gym rat]

It appears that the only cost would be converting from USDC to USD. But I'm unable to find out or even get a rough idea of what the fee would be per $1000. Binance told me they are unable to give me an idea. I would have to receive the USDC and the only way to find out the fee would be to put the conversion order in and it would show fee.

But then Binance followed up with telling me they are having issues with USD so it appears I may have to use Coinbase.

Does anyone know roughly what it would cost in conversion fees roughly per $1000 on Coinbase Advanced?

[Optional]

Oh Yeah, I see that I misread "book" for "bank" . Are you familiar with USDC. Betonline offers USDC crypto. My understanding is that I would get dollar for dollar in USDC from my Book's USD withdrawal. Then I would just pay converstion from USDC to USD .

Are you familiar with the rough conversion rate from USDC to USD ?

That sounds smart but I cannot use Betonline from where I live so am unable to confirm if it will work as expected.

@Raiders, can you think of any potential hidden costs or delays he may run up against using USDC?

[gym rat]

Have you heard of this as a popular withdrawal method ?

[gym rat]

Oh Yeah, I see that I misread "book" for "bank" . Are you familiar with USDC. Betonline offers USDC crypto. My understanding is that I would get dollar for dollar in USDC from my Book's USD withdrawal. Then I would just pay converstion from USDC to USD .

Are you familiar with the rough conversion rate from USDC to USD ?

[Optional]

What do you mean by the bank conversion fees are high. Are you saying that bitcoin for example can be transferred to my Wells Fargo account and then Wells Fargo will charge a high fee to convert the bitcoin to USD ?

No, Wells Fargo won't convert your bitcoin to US$.

Don't see where he spoke about bank conversion fees, but he is warning that you actually make most losses using bitcoin when your bookmaker uses a bad conversion rate of your betting account $$$ to BTC.

[gym rat]

What do you mean by the bank conversion fees are high. Are you saying that bitcoin for example can be transferred to my Wells Fargo account and then Wells Fargo will charge a high fee to convert the bitcoin to USD ?

[raiders72001]

You can transfer from Coinbase to your bank for peanuts. What you need to watch out for is your book. Sometimes their conversion rate is really bad.

[gym rat]

I'd like to know what the best method is for receiving crypto payment with the lowest conversion fees. I really prefer not to use crypto but fewer and fewer books are sending courier checks or bank wires. If they are willing to send a courier check or bank wire they want $100 + now for max $3K. BetNow wants $120 for a max $3K check.

I heard some exchanges are lower fees than others to convert the crypto to USDC. What is the sharp crypto withdrawal these days?

Thanks for any help,