Buying Bitcoin for Sportsbook Deposit

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  • mancity
    SBR Sharp
    • 02-19-16
    • 471

    #1
    Buying Bitcoin for Sportsbook Deposit
    Where can you purchase bitcoin with a credit card and have it in your wallet instantly to deposit into Sportsbook?
  • baseballstud
    SBR Wise Guy
    • 10-31-08
    • 980

    #2
    Coinbase can use credit card. Don’t know if bitcoin is instantly in your wallet at purchase though, been a while since I bought but have heard slow processing.
    Comment
    • mancity
      SBR Sharp
      • 02-19-16
      • 471

      #3
      Is bitcoin.com legit to purchase bitcoin?
      Comment
      • The Kraken
        BARRELED IN @ SBR!
        • 12-25-11
        • 29085

        #4
        buy bitcoin, hold, send to sportsbook in a few weeks when it's at 20,000
        Comment
        • Optional
          Administrator
          • 06-10-10
          • 62381

          #5
          Coinbase
          Bitstamp
          Coinmama
          buy.bitcoin.com
          .
          Comment
          • big joe 1212
            SBR Posting Legend
            • 06-01-08
            • 19380

            #6
            Coinbase, but they will rape you on the fees and rate! They use UK processor so your card will probably charge you an extra 3% international fee.
            Comment
            • Sam Odom
              SBR Aristocracy
              • 10-30-05
              • 58063

              #7
              no 'cheap' way to do it... but if you must , see Post #5
              Comment
              • mancity
                SBR Sharp
                • 02-19-16
                • 471

                #8
                how long does it usually take for transaction to process on buy.bitcoin.com?
                Comment
                • CTOWNsCAPPIN
                  SBR MVP
                  • 02-11-11
                  • 3079

                  #9
                  Originally posted by big joe 1212
                  Coinbase, but they will rape you on the fees and rate! They use UK processor so your card will probably charge you an extra 3% international fee.
                  Coinbase got me. Charged me $21 fee to transfer $100 to sportsbook. First time ever using so started with a low purchase of Bitcoin to see how it worked. Won’t be doing that again.
                  Comment
                  • RudyRuetigger
                    SBR Aristocracy
                    • 08-24-10
                    • 65107

                    #10
                    bitcoin too expensive

                    worthless to books in USD now
                    Comment
                    • frankzig
                      SBR MVP
                      • 10-26-09
                      • 2268

                      #11
                      Originally posted by baseballstud
                      Coinbase can use credit card. Don’t know if bitcoin is instantly in your wallet at purchase though, been a while since I bought but have heard slow processing.
                      3days
                      Comment
                      • frankzig
                        SBR MVP
                        • 10-26-09
                        • 2268

                        #12
                        books need to go with ETH
                        Comment
                        • element113xx
                          SBR Sharp
                          • 12-31-17
                          • 463

                          #13
                          Originally posted by frankzig
                          3days
                          3 days to buy bitcoins at coinbase even if your buying via debit card?!?!
                          I want to buy coins but if its 3 days for your first time buying its pointless no?
                          Comment
                          • Optional
                            Administrator
                            • 06-10-10
                            • 62381

                            #14
                            Originally posted by frankzig
                            3days
                            Originally posted by element113xx

                            3 days to buy bitcoins at coinbase even if your buying via debit card?!?!
                            I want to buy coins but if its 3 days for your first time buying its pointless no?

                            .
                            Comment
                            • shocka1212
                              SBR Posting Legend
                              • 10-06-12
                              • 16788

                              #15
                              deposit the money to gdax, once the USD clears, you can buy the BTC there and own it instantly..
                              Comment
                              • RudyRuetigger
                                SBR Aristocracy
                                • 08-24-10
                                • 65107

                                #16
                                Originally posted by RudyRuetigger
                                bitcoin too expensive

                                worthless to books in USD now
                                i mean transfer fees obviously

                                don't waste your time

                                see if other cryptos are available and use that
                                Comment
                                • shocka1212
                                  SBR Posting Legend
                                  • 10-06-12
                                  • 16788

                                  #17
                                  Originally posted by RudyRuetigger
                                  i mean transfer fees obviously

                                  don't waste your time

                                  see if other cryptos are available and use that
                                  heard bookmaker accepts a ton of different ones... not sure though. LTC transfer time and fees are so much better that you may want to roll with that.
                                  Comment
                                  • biggie12
                                    SBR Posting Legend
                                    • 12-30-05
                                    • 13794

                                    #18
                                    1xbet takes about 15 diff cryptos deposits verifird within 5 min for eth ive used it a couple times
                                    Comment
                                    • shocka1212
                                      SBR Posting Legend
                                      • 10-06-12
                                      • 16788

                                      #19
                                      Originally posted by biggie12
                                      1xbet takes about 15 diff cryptos deposits verifird within 5 min for eth ive used it a couple times
                                      20 minute LTC transactions.... hard to beat that... eth took about an hour yesterday, still better than the 2 hour btc moves (plus fees).. not even worth moving around anymore.
                                      Comment
                                      • themike78
                                        SBR MVP
                                        • 07-01-13
                                        • 4883

                                        #20
                                        Better off depositing to book using cc. Bitcoin is no longer a decent option anymore. Most expensive way to get money to books and the slowest. It was great for awhile no longer.
                                        Comment
                                        • Ratpack
                                          SBR MVP
                                          • 02-15-12
                                          • 4133

                                          #21
                                          yeah but cashing out wise it could take a month to get your money back via cc when it still only takes a few hrs via bitcoin
                                          Comment
                                          • mrpapageorgio
                                            SBR MVP
                                            • 09-07-17
                                            • 2974

                                            #22
                                            Which book are you playing? If BetOnline or Bookmaker, deposit using ETH or Litecoin instead, much cheaper and faster.
                                            Comment
                                            • GunShard
                                              SBR Posting Legend
                                              • 03-05-10
                                              • 10033

                                              #23
                                              Fastest way to get Bitcoin into a Sportsbook if you don't have an online Coinbase account:

                                              1. Find your local Bitcoin ATM: https://coinatmradar.com/
                                              2. On your PC, create your Bitcoin wallet address with Electrum.
                                              3. Bring your QR code from your Bitcoin wallet address to the Bitcoin ATM or manually write your Bitcoin address.
                                              4. Deposit Cash into Bitcoin ATM.

                                              There will be fees but if you want to get money in a sportsbook within a few hours. This is it.
                                              Comment
                                              • tb1984
                                                SBR MVP
                                                • 09-11-08
                                                • 3112

                                                #24
                                                Originally posted by GunShard
                                                Fastest way to get Bitcoin into a Sportsbook if you don't have an online Coinbase account:

                                                1. Find your local Bitcoin ATM: https://coinatmradar.com/
                                                2. On your PC, create your Bitcoin wallet address with Electrum.
                                                3. Bring your QR code from your Bitcoin wallet address to the Bitcoin ATM or manually write your Bitcoin address.
                                                4. Deposit Cash into Bitcoin ATM.

                                                There will be fees but if you want to get money in a sportsbook within a few hours. This is it.
                                                Around my area, Bitcoin atms have 15%-20% markups which are ridiculous.
                                                Comment
                                                • element113xx
                                                  SBR Sharp
                                                  • 12-31-17
                                                  • 463

                                                  #25
                                                  I'm reading different things
                                                  Can someone confirm how long does it take to buy coins at coinbase if its your first time buying and you've verified your checking acct and debit card?
                                                  Comment
                                                  • Mac4Lyfe
                                                    SBR Aristocracy
                                                    • 01-04-09
                                                    • 48806

                                                    #26
                                                    CreditCards are instant purchases on CoinBase but you have low limits if you're new (like $200, maybe $500). They, like Bitstamp charge 3.8% to use your CC. My bank also charges me an international fee of 3% if I use Bitstamp since it's in Europe. I don't have that extra fee if I use CB but you can most likely buy more using Bitstamp. Both are secure and quick.

                                                    REMEMBER - do not send your BTC directly from CB to a book. They will flag and close your account for sending to a gambling site. Send your coins to blockchain or somewhere else first, then send it to your book. I don't think Bitstamp flags accounts but I've never tried to send money from them straight to a book?
                                                    Comment
                                                    • Mac4Lyfe
                                                      SBR Aristocracy
                                                      • 01-04-09
                                                      • 48806

                                                      #27
                                                      Originally posted by element113xx
                                                      I'm reading different things
                                                      Can someone confirm how long does it take to buy coins at coinbase if its your first time buying and you've verified your checking acct and debit card?
                                                      Look at what your book charges for coins as well. Heritage is free to send BTC but charges 2% to send alt-coins, so you might as well buy BTC initially.
                                                      Comment
                                                      • Optional
                                                        Administrator
                                                        • 06-10-10
                                                        • 62381

                                                        #28
                                                        Originally posted by element113xx
                                                        I'm reading different things
                                                        Can someone confirm how long does it take to buy coins at coinbase if its your first time buying and you've verified your checking acct and debit card?
                                                        Why do you keep repeating this? It's instant once verified there. first time or 100th time.

                                                        Just do it and find out!

                                                        And if it's not instant for you, then it's a problem with your account. Call Coinbase and ask.
                                                        .
                                                        Comment
                                                        • frankzig
                                                          SBR MVP
                                                          • 10-26-09
                                                          • 2268

                                                          #29
                                                          Originally posted by frankzig
                                                          3days
                                                          so you know if you use CC at CB it is instant in your acct BUT not available for use (3DAYS)
                                                          Comment
                                                          • element113xx
                                                            SBR Sharp
                                                            • 12-31-17
                                                            • 463

                                                            #30
                                                            Originally posted by frankzig
                                                            so you know if you use CC at CB it is instant in your acct BUT not available for use (3DAYS)
                                                            Is this everytime you buy or the first time?
                                                            Comment
                                                            • packerd_00
                                                              SBR Posting Legend
                                                              • 05-22-13
                                                              • 17846

                                                              #31
                                                              Originally posted by The Kraken
                                                              buy bitcoin, hold, send to sportsbook in a few weeks when it's at 20,000
                                                              Sounds far to easy Kraken.
                                                              Comment
                                                              • mrpapageorgio
                                                                SBR MVP
                                                                • 09-07-17
                                                                • 2974

                                                                #32
                                                                Originally posted by element113xx
                                                                Is this everytime you buy or the first time?
                                                                Never had an issue moving crypto immediately after buying via credit card, but idk the 3 day wait is recent. Could be for first time buyers due to credit card fraud.
                                                                Comment
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