5Dimes Sportsbook updates policy on bitcoin withdrawals

**ItsMeMrMattE** · 09-19-14, 08:48 PM

dont think this is ever going to happen.

http://www.coindesk.com/56-of-bitcoiners-believe-bitcoin-will-reach-10000-in-2014/

**Domestic** · 09-19-14, 08:50 PM

Originally posted by ItsMeMrMattE

dont think this is ever going to happen.

http://www.coindesk.com/56-of-bitcoi...10000-in-2014/

Could not blame people for those sort of estimates, that poll was conducted during the frenzy of the all time high.

**gauchojake** · 09-19-14, 09:36 PM

Lol shitcoin

**jjgold** · 09-19-14, 09:54 PM

I do not know because the buzz seems to be gone with bitcoin at least for now

I still think one of the things holding it back is confusion

Originally posted by Domestic

JJ when are you buying in, you waiting for sub 350?

**ItsMeMrMattE** · 09-19-14, 09:58 PM

its looking like the $400's is where it wants to be.

**Optional** · 09-20-14, 02:52 AM

Originally posted by jjgold

I do not know because the buzz seems to be gone with bitcoin at least for now

I still think one of the things holding it back is confusion

Agree. When a PayPal style service makes it dead easy to use the price will increase.

**ItsMeMrMattE** · 09-20-14, 05:41 AM

+/- 5% everyday is a bigger hindrance. imagine if an older non tech savy person went to the bank one day to deposit some money into a savings account and the bank teller said the only accounts we have available fluctuate multiple % each day. they would go home and put their money under the mattress.

**jjgold** · 09-20-14, 06:07 AM

Bitcoin is the most confusing currency of all times

way too many in between vendors

**zabelm** · 09-20-14, 03:26 PM

Originally posted by jjgold

Bitcoin is the most confusing currency of all times

way too many in between vendors

That is the biggest issue.

**PharaohUB** · 09-20-14, 04:49 PM

Originally posted by Optional

Agree. When a PayPal style service makes it dead easy to use the price will increase.

Coinbase...Bitstamp...

**PharaohUB** · 09-20-14, 05:00 PM

Also the entire concept of Bitcoin is to cut out the big centralized bank type institutions. Everything is peer to peer.

**PharaohUB** · 09-20-14, 05:01 PM

I used coinbase a couple years back when I was a noob to Bitcoin, but now I'm happy keeping in anonymous peer to peer.

**Indeep** · 09-22-14, 11:38 AM

I have to agree this is great news for 5dimes members, and hopefully they will increase the free BTC withdrawal limit as it becomes more popular for its members. As long as there isn't to many hours of lag time before when you know its in your wallet until you can convert it, you really shouldn't get stung to much on the price fluctuation.

**kaliboyz** · 09-23-14, 01:50 PM

Couple questions, I have a wallet on my phone and already created an account at coin base. Now what do I do? Using coin base to buy btc then send to the wallet on my phone? Then contact 5dimes or heritage for their btc code to send the btc over from my wallet on my phone? What do I need from the books when requesting the payouts? I don't understand this crap!!

**Indeep** · 09-24-14, 06:28 AM

Originally posted by kaliboyz

Couple questions, I have a wallet on my phone and already created an account at coin base. Now what do I do? Using coin base to buy btc then send to the wallet on my phone? Then contact 5dimes or heritage for their btc code to send the btc over from my wallet on my phone? What do I need from the books when requesting the payouts? I don't understand this crap!!

You've pretty much got it. If you get on chat at 5 dimes they will send you the complete instructions via email with the wallet address they want you to send it to(it changes periodically)/ They will also have you send an email to them once you have sent the transfer with your wallet address, there wallet address, and some other information so they can properly credit your account. I usually also include the hash just in case. Then you will get notified via email in a few hours that they have received it, and you will see it in your account balance.

**kaliboyz** · 09-24-14, 08:21 AM

Originally posted by Indeep

You've pretty much got it. If you get on chat at 5 dimes they will send you the complete instructions via email with the wallet address they want you to send it to(it changes periodically)/ They will also have you send an email to them once you have sent the transfer with your wallet address, there wallet address, and some other information so they can properly credit your account. I usually also include the hash just in case. Then you will get notified via email in a few hours that they have received it, and you will see it in your account balance.

Thanks for your help. But what the hell is *hash*? That I have to included in the email with books when deposit?

**Indeep** · 09-24-14, 10:19 AM

Originally posted by kaliboyz

Thanks for your help. But what the hell is *hash*? That I have to included in the email with books when deposit?

Its basically the transaction id for just your specific transfer between your wallet and the 5 dimes wallet. You will see it when you check the recent transactions coming in and out of your wallet.

You don't have to include it, but I always do as an extra precaution and/or proof of the transfer. Believe me, the easier you can make it for 5dimes to find it the better, as they have multiple wallets they are directing people to.

**3runhomer** · 09-24-14, 02:24 PM

Originally posted by SBR Forum

5Dimes Sportsbook (SBR rating A+) has updated their policy on bitcoin withdrawals. Effective immediately, SBR has learned that players who have not deposited through bitcoin are able to collect one free payout in BTC every 7 days for up to $1,000. This is subject to availability. Prior to this policy, only players who had deposited in bitcoin were able to take advantage of the free payouts. Management tells SBR that player interest is high on the added cashier option. Users with feedback are encouraged to write to mail@sportsbookreview.com.

Ok guys...this is a very encouraging sign...I too am longing for the old days of Neteller and the quick and seamless payouts...

Quick question on this new initiative at 5Dimes:

So any 5Dimes account holder can withdraw once a week, up to $1,000. I am reading up more on BitCoin, but if you want to transfer out $1,000 in bitcoin, does that come in non-whole number increments...like 2.35 bitcoins?

For example, if Bitcoin is currently at $400, to withdraw $1,000, you would need 2.5 bitcoins...is that done out to multiple decimal places if the numbers aren't that clean?

**HuskerExpat** · 09-24-14, 03:26 PM

Originally posted by 3runhomer

Ok guys...this is a very encouraging sign...I too am longing for the old days of Neteller and the quick and seamless payouts...

Quick question on this new initiative at 5Dimes:

So any 5Dimes account holder can withdraw once a week, up to $1,000. I am reading up more on BitCoin, but if you want to transfer out $1,000 in bitcoin, does that come in non-whole number increments...like 2.35 bitcoins?

For example, if Bitcoin is currently at $400, to withdraw $1,000, you would need 2.5 bitcoins...is that done out to multiple decimal places if the numbers aren't that clean?

Yes, bitcoins are basically infinitely divisible. 2.35132 is acceptable.

**3runhomer** · 09-24-14, 03:56 PM

Thanks!

**thespeculator** · 10-02-14, 09:08 AM

Originally posted by Indeep

Its basically the transaction id for just your specific transfer between your wallet and the 5 dimes wallet. You will see it when you check the recent transactions coming in and out of your wallet.

You don't have to include it, but I always do as an extra precaution and/or proof of the transfer. Believe me, the easier you can make it for 5dimes to find it the better, as they have multiple wallets they are directing people to.

all i see in my wallet is pending and then address

**Sam Odom** · 10-02-14, 09:38 AM

Can always put the address/hash into blockchain search

will give you more info than you'll need

**thespeculator** · 10-02-14, 09:42 AM

Originally posted by Sam Odom

Can always put the address/hash into blockchain search

will give you more info than you'll need

thanks , below the sent to address is txid and about 25 numbers/letters , so i sent that

should work out

**thespeculator** · 10-02-14, 09:49 AM

ok i got it , thanks sam

**Sam Odom** · 10-02-14, 09:50 AM

**evo34** · 10-03-14, 03:51 AM

Submitted a bitcoin payout request to 5D 2 days ago. Acknowledged, but not yet delivered. Kind of defeats the purpose of bitcoin. I'm not looking for a 30-minute response. But I think one business day is more than reasonable in terms of expectation.

**raiders72001** · 10-03-14, 04:33 AM

Originally posted by evo34

Submitted a bitcoin payout request to 5D 2 days ago. Acknowledged, but not yet delivered. Kind of defeats the purpose of bitcoin. I'm not looking for a 30-minute response. But I think one business day is more than reasonable in terms of expectation.

5Dimes is a great book imo but you will never have to wait a day for a withdrawal with true bitcoin books.

**Indeep** · 10-03-14, 07:10 AM

Originally posted by evo34

Submitted a bitcoin payout request to 5D 2 days ago. Acknowledged, but not yet delivered. Kind of defeats the purpose of bitcoin. I'm not looking for a 30-minute response. But I think one business day is more than reasonable in terms of expectation.

Evo please update to let us know how long this took, once this transaction is complete.

**Sam Odom** · 10-03-14, 07:31 AM

Communicating effectively with 5Dimes can be a pain in the azz... Heritage has them beat in this area by a mile

**evo34** · 10-04-14, 07:48 AM

Originally posted by Indeep

Evo please update to let us know how long this took, once this transaction is complete.

48 hours. Hopefully that will improve over time..

**ItsMeMrMattE** · 10-04-14, 08:16 AM

did you lose the $20-30 the price has dropped in the process of waiting for it to be transferred?

**thespeculator** · 10-04-14, 08:23 AM

Originally posted by evo34

Submitted a bitcoin payout request to 5D 2 days ago. Acknowledged, but not yet delivered. Kind of defeats the purpose of bitcoin. I'm not looking for a 30-minute response. But I think one business day is more than reasonable in terms of expectation.

1 DAY is not really acceptable, are you requesting a large payout and they don't have the coins.

**PharaohUB** · 10-04-14, 09:52 AM

Originally posted by raiders72001

5Dimes is a great book imo but you will never have to wait a day for a withdrawal with true bitcoin books.

I use DirectBet. I have a bet on Womens International basketball right now. Canada ML. Once the game ends the winnings will be back in MY wallet within 5 minutes tops. NFL/NBA/Tennis, etc can be in my wallet before my TV feed even catches up with the lag and the game is over.

With DirectBet you place your wager by sending a set amount of coins to an address, when the game is over if you win they send the wager and winnings in coins back to whatever bitcoin address you tell them too. It's not the best for American Sports, but they have great odds on Tennis if that's your thing. Usually better than Nitrogen especially if you like dogs.

**ItsMeMrMattE** · 10-04-14, 10:20 AM

ya but even when its in your wallet the bitcoins are susceptible to price changes right?

**PharaohUB** · 10-04-14, 10:23 AM

Fluctuations don't concern me. They aren't that large. I convert in and out of currency on a weekly basis. I don't hold enough funds to care. To me it's just another gamble, just one that I'm not paying vig on. If you are a person who strictly is looking to arbitrage then Bitcoin probably isn't for you.