Can someone let me know easiest way to cash out Bitcoin from wallet? PayPal would be preferred can PM me if anyone knows reliable way
Cashing out via Bitcoin?
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GuinserSBR Sharp
- 11-04-10
- 461
#1Cashing out via Bitcoin?Tags: None -
kidcudi92SBR Posting Legend
- 12-14-11
- 15434
#2Sportsbook ---> blockchain ---> circle ---> bank acctComment -
The GiantSBR Posting Legend
- 01-21-12
- 21480
#4Circle gave me the boot, Sammy.
Jerks.Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#5Giant , you aint by your lonesomeComment -
The GiantSBR Posting Legend
- 01-21-12
- 21480
#6Sammy, I know, but it still sucks.
I just have to be extra careful at Coinbase. At least they have healthy limits.Comment -
GuinserSBR Sharp
- 11-04-10
- 461
#7Can you go straight from coinbase to a bitcoin atm? Or can I go sportsbook to coinbase to breadwallet? Thanks boysComment -
pattymayoSBR Posting Legend
- 05-19-09
- 10221
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BuckyOneSBR MVP
- 01-02-15
- 2728
#10
But, I guess, one more layer - how does circle and coinbase find out where the money is going - is it possible to search the history of bitcoin transactions and do detective work on the end result?Comment -
blackHIPPYSBR MVP
- 10-01-14
- 3973
#11Good tip on the second wallet! Is there hassle going down the hill only i.e. fund with circle - coinbase > blockchain > sportsbook and then get out some other way?
But, I guess, one more layer - how does circle and coinbase find out where the money is going - is it possible to search the history of bitcoin transactions and do detective work on the end result?Comment -
BuckyOneSBR MVP
- 01-02-15
- 2728
#12So, what is a good suggestion on a second wallet? A sportsbook helped some of us set up a coinbase account in Costa Rica - what if it went there next?Comment -
ATLIEN6SBR MVP
- 01-15-16
- 1472
#13I have also been looking into making my first bitcoin withdrawal and confused, i just send the address Heritage gives me to my blockchain wallet, that arrives instantly or within reason? Then i send the address blockchain gives me to my coinbase/circle acct that is linked to my bank account and i withdraw it into there and it arrives with 3-4 days? Sound correct?Comment -
blackHIPPYSBR MVP
- 10-01-14
- 3973
#14I have also been looking into making my first bitcoin withdrawal and confused, i just send the address Heritage gives me to my blockchain wallet, that arrives instantly or within reason? Then i send the address blockchain gives me to my coinbase/circle acct that is linked to my bank account and i withdraw it into there and it arrives with 3-4 days? Sound correct?Comment -
BuckyOneSBR MVP
- 01-02-15
- 2728
#15I have also been looking into making my first bitcoin withdrawal and confused, i just send the address Heritage gives me to my blockchain wallet, that arrives instantly or within reason? Then i send the address blockchain gives me to my coinbase/circle acct that is linked to my bank account and i withdraw it into there and it arrives with 3-4 days? Sound correct?Comment -
ATLIEN6SBR MVP
- 01-15-16
- 1472
#16Okay so has anyone determined a better wallet to use then Circle that is not going to kick you out. If it was my first and only withdrawal using them for 1k is it gonna raise flags or should i be good my first time?Comment -
BuckyOneSBR MVP
- 01-02-15
- 2728
#17I got kicked out of coinbase the first time I tried to cash out so, I sent it back to blockchain and spent it . I've got circle now and don't want to lose it so I am on the learning curve like you.
Another wallet? I don't know - if they can find what you spent the money on with one wallet - I am not sure how to scrub it clean - send it through 3 wallets? when/how do we give them the slip where there is a firewall we can pass through and they cannot see what we are doing anymore?
Send to an individual and then they send back to our wallet???
LOL - it is all good - players are using it and it is working so there has to be a way?Comment -
MementoSBR MVP
- 01-28-15
- 1192
#18First, how bad do you need the money? Are you planning on betting anymore this season? If so, why are you taking it out. If you don't need the money and plan on gambling...why not just leave it in your book? If you need money, take it out and be done gambling for a while. Don't take it out and a week later deposit more and then withdrawal and keep doing that nonsense over and over....you will get banned.Comment -
ATLIEN6SBR MVP
- 01-15-16
- 1472
#19First, how bad do you need the money? Are you planning on betting anymore this season? If so, why are you taking it out. If you don't need the money and plan on gambling...why not just leave it in your book? If you need money, take it out and be done gambling for a while. Don't take it out and a week later deposit more and then withdrawal and keep doing that nonsense over and over....you will get banned.
Back to my original question in regards to everyone saying they are getting locked out of their account, is it even worth my time or should i just get a check?Comment -
BuckyOneSBR MVP
- 01-02-15
- 2728
#20My opinion is withdraw to blockchain - transfer to circle in an account in USD - sit tight - leave it there - do not withdraw to your bank account - you have it in the system and you can go back and fund an account with blockchain down the road. I just think Circle and Coinbase are not options to withdraw all the way to your bank account for the USA or Canada. Only deposit options and holding options.
Curious if anybody agrees with me?Comment -
ParlayKing1986SBR Sharp
- 06-02-12
- 278
#21Get a bitpay card...sportsbook to blockchain to bitpay have your cash in hands within minutes.Comment -
lonegambler23SBR Hall of Famer
- 06-22-16
- 9760
#22coinbase works perfectly fine.Comment -
unluckysobSBR MVP
- 05-21-08
- 1527
#23can you withdraw bitcoin if you deposited cash using other means?Comment -
OptionalAdministrator
- 06-10-10
- 61480
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cmaulsbySBR Sharp
- 03-28-12
- 261
#25I've never had a problem with bitcoin withdrawals but I use two wallets and move differing amounts. I.E. Sportsbook $500 to wallet 1. $493 from Wallet 1 to wallet 2. $488 from wallet 2 to coinbase. $480 from coinbase to bank acct.Comment -
Buffalo NickleSBR MVP
- 11-12-14
- 3228
#26My opinion is withdraw to blockchain - transfer to circle in an account in USD - sit tight - leave it there - do not withdraw to your bank account - you have it in the system and you can go back and fund an account with blockchain down the road. I just think Circle and Coinbase are not options to withdraw all the way to your bank account for the USA or Canada. Only deposit options and holding options.
Curious if anybody agrees with me?
All of these transfers cost them money and you want to be a low-cost customer. So hold what you are willing to there and just wait for another deposit. If you are moving money out all the time, they are going to start to look at what you are up to. If you are just a quiet customer, you may never get looked at.Comment -
5918mikeSBR MVP
- 04-16-14
- 1885
#27My opinion is withdraw to blockchain - transfer to circle in an account in USD - sit tight - leave it there - do not withdraw to your bank account - you have it in the system and you can go back and fund an account with blockchain down the road. I just think Circle and Coinbase are not options to withdraw all the way to your bank account for the USA or Canada. Only deposit options and holding options.
Curious if anybody agrees with me?Comment -
OptionalAdministrator
- 06-10-10
- 61480
#28If I was US and shipping around 5k plus very often then I'd avoid the scrutiny and use a non-US trading platform like independentreserve.com to sell my btc and get paid by wire. Higher sell price than Coinbase/Circle there too generally.
Just use the US ones for the convenience of being able to buy more easily..Comment -
TheConSBR Hustler
- 07-26-16
- 53
#29I'm on nitrogen when i withdraw i withdraw to my bitcoin wallet then use a Bitcoin ATM machine to withdraw i can withdraw $500 from nitrogen to my hands in 30 minutes.Comment -
kj8210SBR Wise Guy
- 02-09-12
- 919
#31find a buyer on localbitcoins. I already have a few buyers set up and ready for football season. Lets go boys!!Comment -
raiders72001Senior Member
- 08-10-05
- 11119
#32Circle/Coinbase users can use an exchange (Poloniex, BTC-e, Bitstamp) in the middle instead of a wallet (blockchain) to keep from getting banned.Comment -
BuckyOneSBR MVP
- 01-02-15
- 2728
#33How do you end up getting your money then. I'll send some from different books to blockchain, send it to other books, some to coinbase, sit on some and make a couple other transfers and eventually send it to my bank account. What I do avoid is say sending a $500 payout to blockchain then to coinbase then to my bank account all in a series the same day.
I see the problem from the sportsbooks side - money is vulnerable to seizure if held in a checking account. Do the wire one at a time - pop - pop -pop. P2P - they are not at risk.
But, the player is - bank sees a red flag on international wires. P2P is so transparent (why did you receive money from 31 hispanic folks in the past year?)
So, bitcoin is a part of solving the puzzle. If we can do it without making the bank,Circle, or Coinbase mad at us.Comment -
BuckyOneSBR MVP
- 01-02-15
- 2728
#34thanks for the tip! On it! does that provide the needed layer? Circle/bitstamp/blockchain will work up the hill and down the hill???Comment -
OptionalAdministrator
- 06-10-10
- 61480
#35Not sure about your account situation but I don't think is correct in general.
There is no way any US bank could red flag and check every one of the thousands of wires they send and receive daily. They are a well established money transfer mechanism that are normal for businesses to use..Comment
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