GTBets Sportsbook adds Bitcoin to Cashier

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  • SBR Forum
    Administrator
    • 12-02-06
    • 4559

    #1
    GTBets Sportsbook adds Bitcoin to Cashier
    Online sportsbook GTBets (SBR rating B) now allows players to make deposits and withdrawals using bitcoin.

    The minimum deposit is the equivalent of $35 and the maximum $3,000 per transaction.

    There is a $300 minimum withdrawal and $2,000 maximum per transaction through bitcoin - SBR has inquired on the weekly max. Player balances are converted to USD upon depositing.
  • Buffalo Nickle
    SBR MVP
    • 11-12-14
    • 3228

    #2
    Darn. You gotta deposit with it to use it to withdraw. That would have been a good way to avoid GT's big fees on payouts.
    Comment
    • NSN21
      SBR Sharp
      • 05-13-11
      • 322

      #3
      If you already have money in this account like I do, best bet is probably to make a small token deposit with Bitcoin somewhere along the way so you can take payouts using this method.

      Don't understand why one would have to deposit with this method in order to withdraw with it. Makes no sense.
      Comment
      • SBR Forum
        Administrator
        • 12-02-06
        • 4559

        #4
        GTBets amended the policy - now players can withdraw through bitcoin even if they did not deposit that way.
        Comment
        • NSN21
          SBR Sharp
          • 05-13-11
          • 322

          #5
          Originally posted by SBR Forum
          GTBets amended the policy - now players can withdraw through bitcoin even if they did not deposit that way.
          Nice! Good call on their part.
          Comment
          • Buffalo Nickle
            SBR MVP
            • 11-12-14
            • 3228

            #6
            Originally posted by NSN21
            If you already have money in this account like I do, best bet is probably to make a small token deposit with Bitcoin somewhere along the way so you can take payouts using this method.

            Don't understand why one would have to deposit with this method in order to withdraw with it. Makes no sense.
            That was fast.
            Comment
            • Kindred
              SBR MVP
              • 09-09-08
              • 2901

              #7
              Players are also not bound to receive payouts through bitcoin. This means if a player deposits $300 and wins $200, and bitcoin dips in value such that the player would actually lose some profit, he can take a payout through a standard cashier option.
              http://www.sportsbookreview.com/sbr-...-policy-60871/
              What does that mean? If Bitcoins value dropped wouldn't GTbets just pay the equivalent of $500 worth of Bitcoin
              Comment
              • Courtesywipe
                SBR MVP
                • 09-02-11
                • 1623

                #8
                Received a football season gift in the mail along with 100% cash and 50% cash bonus on next 2 deposits. I will most definitely be depositing there soon. Especially with Bitcoin in the cashier and free 1/2 points on favorite teams. Easy rollovers. Hard to say no.
                Comment
                • ico2525
                  SBR Wise Guy
                  • 07-30-08
                  • 598

                  #9
                  Bitcoin hasn't hasn't been "available" as a withdrawal method in over a week. Can anyone else confirm?
                  Comment
                  • Courtesywipe
                    SBR MVP
                    • 09-02-11
                    • 1623

                    #10
                    Also waiting on March Madness promo. Nothing yet. Normally they send something in the mail as far as a gift and a decent reload bonus for the tournament. Nothing so far. Anyone else have any info?
                    Comment
                    • iceminers26
                      SBR Posting Legend
                      • 10-13-08
                      • 15600

                      #11
                      REALLIFE REPORT not bs paid SBR report.

                      GT does not offer Bitcoin as a withdrawal option at current time.
                      Comment
                      • ico2525
                        SBR Wise Guy
                        • 07-30-08
                        • 598

                        #12
                        That's really strange. Why? Are they not getting sufficient BTC deposits? So withdrawals are just going to have to cost $90 now? Any other options?
                        Comment
                        • SBR Forum
                          Administrator
                          • 12-02-06
                          • 4559

                          #13
                          Originally posted by ico2525
                          Bitcoin hasn't hasn't been "available" as a withdrawal method in over a week. Can anyone else confirm?
                          Originally posted by iceminers26
                          REALLIFE REPORT not bs paid SBR report.

                          GT does not offer Bitcoin as a withdrawal option at current time.
                          Bitcoin withdrawals have been re-enabled as of yesterday afternoon. We were told BTC payouts were temporarily disabled for four days last week. No issues are expected moving forward.
                          Comment
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