BetOnline the latest sportsbook to add bitcoin

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  • Hu$tle
    SBR MVP
    • 03-31-15
    • 1365

    #36
    Been using 5 dimes for bitcoin deposits (once in a while >$100) and for ALL withdraws. Just a few emails and a little knowledge on how to use coinbase and bitcoin but SO EASY
    Comment
    • Legions36
      SBR MVP
      • 12-17-10
      • 3032

      #37
      Originally posted by Hu$tle
      Been using 5 dimes for bitcoin deposits (once in a while >$100) and for ALL withdraws. Just a few emails and a little knowledge on how to use coinbase and bitcoin but SO EASY
      Thats great an all that u use 5dimes but this is a Betonline thread and im sure everyone here knows or even uses 5dimes.
      Comment
      • Hu$tle
        SBR MVP
        • 03-31-15
        • 1365

        #38
        Tryna say this is nothing new. But for you apparently VERY
        Comment
        • 70kgman
          SBR MVP
          • 01-31-10
          • 4354

          #39
          Anyone know if you have to deposit via bitcoin before you can request a payout with bitcoin? Bitcoin is only showing up as an option on the deposit menu for me, not on the payout menu.
          Comment
          • eidolon
            SBR Hall of Famer
            • 01-02-08
            • 9531

            #40
            In other news: Bitcoin has crashed and is now worth 2cents
            Comment
            • eidolon
              SBR Hall of Famer
              • 01-02-08
              • 9531

              #41
              Originally posted by 70kgman
              Anyone know if you have to deposit via bitcoin before you can request a payout with bitcoin? Bitcoin is only showing up as an option on the deposit menu for me, not on the payout menu.
              You may have to show them you have an account first. Not sure.
              Comment
              • TomDonk
                SBR Rookie
                • 04-01-15
                • 13

                #42
                Betonline processes deposits extremely fast, but I am more impressed with their withdrawal time frame. I withdrew $2,000 worth of Bitcoin on Monday morning, and it was in my wallet the same day. They have done a fantastic job integrating this method. Hopefully in the future they will allow you to use this method more than once per week.
                Comment
                • Scorpion
                  SBR Hall of Famer
                  • 09-04-05
                  • 7797

                  #43
                  sent $2300 to heritage, 2297.45 was deposited to my account
                  i guess the bitcoin site i used charged me $2.55
                  thats fine

                  the deposit was instant

                  Another site asked me to send them an email after i sent them the deposit and include my account number, PASSWORD, and BITCOIN ADDRESS in the email so decided to send it to Heritage(safer)


                  Originally posted by trytrytry
                  Not the best experience.

                  the GOOd

                  it was fast, all online, no need to call for anything.

                  the bad

                  they charge you approx 4.85 on your money in blockchain (or any wallet) my should have been 629.75 went to 602 ! YUK

                  and unlike ** or W U where fees for anything over 300 deposit is of course covered here they dont.

                  Live chat told me they have processors that take the money its not betonline direclty.

                  YUK overall, (same thing if you withdraw) so that both ways is 9% fees for a method that is suppossed to be fast, easy...AND CHEAP for both parties...
                  Comment
                  • bookie
                    SBR MVP
                    • 08-10-05
                    • 2112

                    #44
                    Originally posted by TomDonk
                    I withdrew $2,000 worth of Bitcoin on Monday morning, and it was in my wallet the same day.
                    Tom...what did they charge you for that $2000 withdrawal?
                    Comment
                    • sourtwist
                      SBR Hall of Famer
                      • 11-10-12
                      • 9364

                      #45
                      Tomdonk, what is your other sbr handle? I don't think it's appropriate that a new account here immediately starts talking about fast withdrawals. Anyone who takes any of what you say as truth is clearly a fukkin idiot. You absolutely made a new account just for the sake of posting about a quick withdrawal.
                      Comment
                      • GigaOuts
                        SBR Wise Guy
                        • 01-02-12
                        • 527

                        #46
                        Originally posted by sourtwist
                        Tomdonk, what is your other sbr handle? I don't think it's appropriate that a new account here immediately starts talking about fast withdrawals. Anyone who takes any of what you say as truth is clearly a fukkin idiot. You absolutely made a new account just for the sake of posting about a quick withdrawal.
                        I think he just try to put a positive spin on Betonline away from the fact that Belonline charge 4.5%+ fee for deposit & 4.5%+ withdrawal fee for using Bitcoin when other site is actually free.
                        Comment
                        • sourtwist
                          SBR Hall of Famer
                          • 11-10-12
                          • 9364

                          #47
                          And that would be fine as long as he was using his regular login info.
                          Comment
                          • Bandito97
                            SBR High Roller
                            • 03-12-13
                            • 149

                            #48
                            Originally posted by jjgold
                            There is no easy way period anywhere for usa players
                            That's for sure
                            Comment
                            • GigaOuts
                              SBR Wise Guy
                              • 01-02-12
                              • 527

                              #49
                              Betonline finally show there is a 2% fee for bitcoin deposit/withdrawal instead claiming it is free. But they are using fuzzy math, I still calculate it is 4.5% fee or 9% fee total for deposit, than withdraw!
                              Comment
                              • Legions36
                                SBR MVP
                                • 12-17-10
                                • 3032

                                #50
                                Originally posted by GigaOuts
                                Betonline finally show there is a 2% fee for bitcoin deposit/withdrawal instead claiming it is free. But they are using fuzzy math, I still calculate it is 4.5% fee or 9% fee total for deposit, than withdraw!
                                Oh my what a shame. They just screwed the whole thing up bad.
                                Comment
                                • bookie
                                  SBR MVP
                                  • 08-10-05
                                  • 2112

                                  #51
                                  That is an amazingly bad decision by Betonline. Why whack the players for two percent or more for transfers that just cost them a little technical know-how when you can grind them at 11-10?

                                  If Betonline were a brick and mortar casino they'd charge people an admission fee.
                                  Comment
                                  • raiders72001
                                    Senior Member
                                    • 08-10-05
                                    • 11148

                                    #52
                                    Originally posted by bookie
                                    That is an amazingly bad decision by Betonline. Why whack the players for two percent or more for transfers that just cost them a little technical know-how when you can grind them at 11-10?

                                    If Betonline were a brick and mortar casino they'd charge people an admission fee.
                                    Great line
                                    Comment
                                    • bookie
                                      SBR MVP
                                      • 08-10-05
                                      • 2112

                                      #53
                                      Here's how Betonline could make this make sense if they really want to cut down on their in-and-out players.

                                      rule 1.132 "For those who check the box agreeing to a 3 times rollover Bitcoin deposits and withdrawals (up to three times the amount deposited via Bitcoin) are free. For those who do not, the following fees obtain: kdkdkdkd.
                                      Comment
                                      • GigaOuts
                                        SBR Wise Guy
                                        • 01-02-12
                                        • 527

                                        #54
                                        If they truly charge 2% for Bitcoin fee, I will be super happy. Anything better than 3.5% exchange rate is good, 4.5% fee is gross for virtually currency, it defeat the purpose of what bitcoin is design for. Please Betonline, check what your competitor is charging for Bitcoin deposit/withdrawal, than match it or charge 1%-2% more! NOT 4.5% more!
                                        Comment
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