first time depositing through bitcoin

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  • lonegambler23
    SBR Hall of Famer
    • 06-22-16
    • 9761

    #1
    first time depositing through bitcoin
    so i buy bitcoins to deposit into coinbase? how long does that take? and how long does it usually take into sportsbook? just odd i havent deposited in 6 months, tried depositing through debit cards, 5dimes says i was blacklisted. they told me i can no longer use cards for any site?

    thanks fellas
  • lonegambler23
    SBR Hall of Famer
    • 06-22-16
    • 9761

    #2
    anyone please... how long to deposit to coinbase buying bitcoins?
    Comment
    • lonegambler23
      SBR Hall of Famer
      • 06-22-16
      • 9761

      #3
      wow 4 days apparently same as a payout.. fuukkk
      Comment
      • badgerguy
        SBR MVP
        • 03-21-13
        • 2281

        #4
        Ive used Bitcoin to deposit and it takes less than 10 minutes.

        Debit card to circle, circle to blockchain, blockchain to sportsbook.

        Very easy to do.

        Check out the bitcoin subforum, lots of great information there.
        Comment
        • QuantumLeap
          SBR Hall of Famer
          • 08-22-08
          • 6878

          #5
          Originally posted by badgerguy
          Ive used Bitcoin to deposit and it takes less than 10 minutes.

          Debit card to circle, circle to blockchain, blockchain to sportsbook.

          Very easy to do.

          Check out the bitcoin subforum, lots of great information there.
          Yeah, bitcoin is now its own forum and can be found here:

          Bitcoin sportsbook discussion and reviews by SBR and bitcoin sports bettor enthusiasts.
          Comment
          • lonegambler23
            SBR Hall of Famer
            • 06-22-16
            • 9761

            #6
            oh wow but i have no money in my bitcoin account, was wondering how long does it take to buy bitcoins so i have funds?
            Comment
            • QuantumLeap
              SBR Hall of Famer
              • 08-22-08
              • 6878

              #7
              Originally posted by lonegambler23
              oh wow but i have no money in my bitcoin account, was wondering how long does it take to buy bitcoins so i have funds?
              You can get them immediately through localbitcoins.com but it will be at a premium. If you have an account at coinbase.com some people can get them within seconds.

              So it really depends on your situation. To get a better idea visit the bitcoin forum.
              Comment
              • KickShootThrow
                SBR MVP
                • 05-16-16
                • 1656

                #8
                I use Coinbase as well.

                The limit is relatively small when you first open your account. They offer 'instant' bitcoin and this limit increases the longer you have your account in good standing.

                If you don't mind waiting like 2-3 business days, then you can buy just about any amount of Bitcoin. Payout will take a few days to convert BTC into cash in your bank account.


                REMEMBER: when you transfer Bitcoin into your sportsbook, use a 'bread wallet'. This will ensure your Coinbase account doesn't get banned for using for illegal gambling purposes.
                Comment
                • KickShootThrow
                  SBR MVP
                  • 05-16-16
                  • 1656

                  #9
                  The transfers should be instant going from Coinbase to bread wallet to sportsbook. Vice versa instant as well. The only trouble is purchasing more than $500 worth of Bitcoin and getting it instantly.
                  Comment
                  • gauchojake
                    BARRELED IN @ SBR!
                    • 09-17-10
                    • 34103

                    #10
                    Buying btc using your bank account will take a few days. Use your debit card for instant purchases.
                    Comment
                    • KickShootThrow
                      SBR MVP
                      • 05-16-16
                      • 1656

                      #11
                      Originally posted by gauchojake
                      Buying btc using your bank account will take a few days. Use your debit card for instant purchases.
                      Though it will take a while for them to verify your debit card. You will have to provide a copy of your driver's license, maybe couple other things.
                      Comment
                      • Russian Rocket
                        SBR Aristocracy
                        • 09-02-12
                        • 43910

                        #12
                        Originally posted by KickShootThrow
                        Though it will take a while for them to verify your debit card. You will have to provide a copy of your driver's license, maybe couple other things.
                        I think you can do the DL verification over a web camera...the process takes minutes.

                        At least that's how long it took for me to verify.

                        Lonegambler once you do this, add a debit or charge card. That will allow you to buy coins instantaneously.
                        Comment
                        • Plaza23
                          SBR Hall of Famer
                          • 12-29-13
                          • 7392

                          #13
                          I've went:

                          Step 1: Open up Circle Account
                          Step 2: Attach Debit Card to Circle Account and make deposit into Circle
                          Step 3: Send BitCoins to 5d from Circle (Circle allows you to send currency denominated in BitCoins - you don't actually have to buy BitCoins)
                          Comment
                          • Optional
                            Administrator
                            • 06-10-10
                            • 60756

                            #14
                            If you are looking for them instantly and dont mind paying a premium: https://buy.bitcoin.com/ or https://wallofcoins.com/en/orders/
                            .
                            Comment
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