Just got an email from coinbase
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NewYorkStress81SBR High Roller
- 08-02-15
- 178
#36Comment -
thevikingSBR Sharp
- 04-10-07
- 368
#37That sucks. Seems pretty hypocritical to me then but I'm far from an expert on btc. So the only way to actually withdraw money is to link it to your bank account and have it go through that right? If that's the case it's really no different than just using a bank to begin with.Last edited by theviking; 04-16-16, 04:40 PM.Comment -
habitualwinningSBR MVP
- 01-22-12
- 1569
#38Damn, that site is nice. You might have just changed my whole opinion of btc with one post. If that site is legit then this btc stuff is indeed mass decentralization, no bank linking required, no hassle. So if I'm understanding this correctly that site lists a couple of bitcoin ATM's near where I live. So how exactly would that work if I went to the ATM and wanted to convert like $500 cash into btc that I would then asap deposit into a sportsbook? Would I already need to have a btc wallet established with like a code that I would then enter at the btc ATM or how would that work?Comment -
NewYorkStress81SBR High Roller
- 08-02-15
- 178
#39That doesn't make sense in a way that operates. My Circle account is still opened but I have 0 limits buy/sell. Did they completely close your account when you were ban where you didn't have a login anymore?
Circle checks your identity when open an account with them where you submit your Driver's ID. I don't get how they would allow the same user who was banned to open up a new account.Comment -
themike78SBR MVP
- 07-01-13
- 4873
#40That doesn't make sense in a way that operates. My Circle account is still opened but I have 0 limits buy/sell. Did they completely close your account when you were ban where you didn't have a login anymore?
Circle checks your identity when open an account with them where you submit your Driver's ID. I don't get how they would allow the same user who was banned to open up a new account.Comment -
NewYorkStress81SBR High Roller
- 08-02-15
- 178
#41They may end up sending me an email requesting ID or just figure out who I am and shut me down.. I figure they have 10s of thousands of users all around the world, so hopefully they don't notice.Comment -
hello1234567SBR High Roller
- 12-05-13
- 231
#42I had to submit ID. My relative just signed up as well and they did ask to submit the Identity process which requires the ID part.Comment -
NewYorkStress81SBR High Roller
- 08-02-15
- 178
#43I'm actually going to try and legitimately buy something using Bitcoin. Like clothing or something small, to have it documented. I just don't know what bitcoins are used for besides gambling or trading?Comment -
thespeculatorSBR MVP
- 09-09-08
- 2999
#44Damn, that site is nice. You might have just changed my whole opinion of btc with one post. If that site is legit then this btc stuff is indeed mass decentralization, no bank linking required, no hassle. So if I'm understanding this correctly that site lists a couple of bitcoin ATM's near where I live. So how exactly would that work if I went to the ATM and wanted to convert like $500 cash into btc that I would then asap deposit into a sportsbook? Would I already need to have a btc wallet established with like a code that I would then enter at the btc ATM or how would that work?Comment -
ace7550SBR MVP
- 05-08-15
- 3729
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habitualwinningSBR MVP
- 01-22-12
- 1569
#46So do I just sign up with a btc wallet and then scan that code at the btc ATM and then the btc I paid cash for at ATM pops into my wallet and then I transfer the btc from my wallet to online book? Am I understand all of that correctly? Also does it matter what btc wallet I use? I see people talking about different ones, which ones are the best or most preferred by everyone using btc?Comment -
thespeculatorSBR MVP
- 09-09-08
- 2999
#47So do I just sign up with a btc wallet and then scan that code at the btc ATM and then the btc I paid cash for at ATM pops into my wallet and then I transfer the btc from my wallet to online book? Am I understand all of that correctly? Also does it matter what btc wallet I use? I see people talking about different ones, which ones are the best or most preferred by everyone using btc?Comment -
habitualwinningSBR MVP
- 01-22-12
- 1569
#48Correct. Just sign up at localbitcoins. It is the easiest. When you go to your account you will have an address and that address will have a scan code. The coins will go into your localbitcoins account , from there transfer to book. There is just a simple sign up and you are ready to go.Comment -
thespeculatorSBR MVP
- 09-09-08
- 2999
#49Alright, thanks man. You and a couple other posters in this thread just changed my opinion on btc. When I was first learning about it I was neutral and kinda skeptical about it but I'm on-board with it now after checking out that site. It seems to be the direction people are trending in the book industry and other areas online so I might as well get with it anyway.Comment -
habitualwinningSBR MVP
- 01-22-12
- 1569
#52it is like having a local. I stick localbitcoins so you don't have all the crap for going to blockchain and dealing with coinbase. No worries about having account closed. The down side is you are going to being a premium when buying and not getting best price when selling
So when I want a payout from the books via btc how does that work? Do I just send them my address from localbitcoins and then they just send it there? This all seems really easy am I missing something or is there going to be a catch or something? Idk if you'll know the answer to this one but I figure I might as well ask. Will a book payout via btc if I deposited to them using a different method? For example I have some profit in a book right now I'd like to get out but I didn't deposit via btc but I would like to be paid in btc.Comment -
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#53
I don't see any significant reason to use BTC. I think the books should start reimbursing the client on every BTC Deposit. There are some books that are extremely fair with the current BTC price like Heritage SPORTS. And... some books that aren't fair with the current price... like 5Dimes.
Regardless... I'm going back to Chk PO's.
Getting fukked over by rigged sports. Getting fukked over by surcharges. Juice isn't worth the squeeze. I don't understand why everyone pays these significant fees to move $ around? Everyone is brainwashed with laziness.Comment -
thespeculatorSBR MVP
- 09-09-08
- 2999
#54Nice analogy. I'm not really worried about the premium cause pretty much any way of getting paid from a book has some type of fee attached. I've done a little price shopping and I'm already noticing ways to essentially cancel the fees. For example people are selling btc near me for close to the same price as what the ATM's near me are paying out. So if I do it that way then I've pretty much just canceled out the fees, save maybe like 1% or 2%. The books don't take any fees for btc so that's a plus. It's a bit more hassle, might cost me an extra 30 minutes or 1 hour of time to meet up with someone or drive to two different locations but no fees or very minimal so I'm fine with that.
So when I want a payout from the books via btc how does that work? Do I just send them my address from localbitcoins and then they just send it there? This all seems really easy am I missing something or is there going to be a catch or something? Idk if you'll know the answer to this one but I figure I might as well ask. Will a book payout via btc if I deposited to them using a different method? For example I have some profit in a book right now I'd like to get out but I didn't deposit via btc but I would like to be paid in btc.Comment -
thevikingSBR Sharp
- 04-10-07
- 368
#55I agree with these statements. I'm tired of losing 1.2% every time to reup with a book using BTC. The sh#$ adds up fast. Furthermore, there's way too much of a TRACE when you are selling your BTC. Then you get a fee for that. Too many damn fees.
I don't see any significant reason to use BTC. I think the books should start reimbursing the client on every BTC Deposit. There are some books that are extremely fair with the current BTC price like Heritage SPORTS. And... some books that aren't fair with the current price... like 5Dimes.
Regardless... I'm going back to Chk PO's.
Getting fukked over by rigged sports. Getting fukked over by surcharges. Juice isn't worth the squeeze. I don't understand why everyone pays these significant fees to move $ around? Everyone is brainwashed with laziness.
If you bet 50-200 soccerbets a month.... maybe then u understand why im brainwashed
All bookmakers has a lot of fees expenses on most payment methods, but not bitcoin, its just 0,00....% fees.
So if we gives bookmakers less fees by using bitcoin, maybe they gives us better promotions/odds/value, or their bosses spend the saved fees on hookers napalm andwe can always hope the competition between bookmakers force them not too
Last edited by theviking; 04-19-16, 05:23 AM.Comment -
habitualwinningSBR MVP
- 01-22-12
- 1569
#56I agree with these statements. I'm tired of losing 1.2% every time to reup with a book using BTC. The sh#$ adds up fast. Furthermore, there's way too much of a TRACE when you are selling your BTC. Then you get a fee for that. Too many damn fees.
I don't see any significant reason to use BTC. I think the books should start reimbursing the client on every BTC Deposit. There are some books that are extremely fair with the current BTC price like Heritage SPORTS. And... some books that aren't fair with the current price... like 5Dimes.
Regardless... I'm going back to Chk PO's.
Getting fukked over by rigged sports. Getting fukked over by surcharges. Juice isn't worth the squeeze. I don't understand why everyone pays these significant fees to move $ around? Everyone is brainwashed with laziness.
What are you talking about when you say some books are fair about btc and others aren't? Do you mean they don't all pay the same rate based on what btc spot currently is that day? That's kinda messed up if that's the case. You would expect that a book would pay you fair spot price, otherwise they're just jacking us. If that's the case then that must be the catch about btc that I was searching for cause everything that seems too good to be true, almost always is. Not getting accurate market value on transactions would qualify as a catch in my opinion. The one other thing that I don't really like about btc is the wild fluctuation it gets. It's been all over the place from $13 USD to $900 USD and currently in the $430 USD range. It went from around $100 to almost $1000 in a 2 month span and then halved again in the subsequent next quarter. It might be worth looking at as an investment with the roller coaster it's on.Comment -
Ghenghis KahnSBR Posting Legend
- 01-02-12
- 19734
#57I agree with these statements. I'm tired of losing 1.2% every time to reup with a book using BTC. The sh#$ adds up fast. Furthermore, there's way too much of a TRACE when you are selling your BTC. Then you get a fee for that. Too many damn fees.
I don't see any significant reason to use BTC. I think the books should start reimbursing the client on every BTC Deposit. There are some books that are extremely fair with the current BTC price like Heritage SPORTS. And... some books that aren't fair with the current price... like 5Dimes.
Regardless... I'm going back to Chk PO's.
Getting fukked over by rigged sports. Getting fukked over by surcharges. Juice isn't worth the squeeze. I don't understand why everyone pays these significant fees to move $ around? Everyone is brainwashed with laziness.Comment -
ace7550SBR MVP
- 05-08-15
- 3729
#58I'm pretty neutral and open minded about everything seeing as how our government makes things difficult on us compared to every other country. What do you think is the best way to go about getting money out with limited or no fees? It's pretty much a hassle no matter which way you go. Either you have to wait a while for the money or you have to pay fees. Btc seems to me like it kinda marginalizes both. You don't have to wait long and you don't get jacked on fees. Having said that I still have never used btc but I'm warming to the idea and thinking of using it for my next payout and possibly any future deposits.
What are you talking about when you say some books are fair about btc and others aren't? Do you mean they don't all pay the same rate based on what btc spot currently is that day? That's kinda messed up if that's the case. You would expect that a book would pay you fair spot price, otherwise they're just jacking us. If that's the case then that must be the catch about btc that I was searching for cause everything that seems too good to be true, almost always is. Not getting accurate market value on transactions would qualify as a catch in my opinion. The one other thing that I don't really like about btc is the wild fluctuation it gets. It's been all over the place from $13 USD to $900 USD and currently in the $430 USD range. It went from around $100 to almost $1000 in a 2 month span and then halved again in the subsequent next quarter. It might be worth looking at as an investment with the roller coaster it's on.
1. book>blockchain>itbit. Then I trade the btc into usd on itbit. I just leave the usd in itbit until I want to make a deposit into another book. Then I do the same thing in reverse. The deposit fees are very small. If you sell $1000 worth of btc the fee will be around $2 usd. This method works well for money that you want to continue to gamble with.
2. book>blockchain>coinbase. You can get a shift card (depending on what state you live in) and spend your btc just like you would with a **** card. This is the method I use most. I use all my gambling winnings to pay for typical daily stuff. Restaurants, tools, toilet paper etc. If you can't get the shift card you can also spend the btc at gyft or overstock.
3. book>blockchain>Craigslist customer. This one some people may be wary of and I totally understand if you are. I live in the Bay Area where Craigslist is popular and there is a big population. I post btc to sell on craigslist and I meet someone at a coffeeshop. We sit and have a cup of coffee while the transaction goes through. I have done this twice and both times it worked out fine.
4. You can also just do option 1 but withdraw the money from itbit to your bank account. It is treated as a wire. I think I paid $20 to wire $2000 from itbit to my bank account last time I did it.
Let me know if you have any other questions. I am happy to help.Comment -
raiders72001Senior Member
- 08-10-05
- 11118
#59I have made btc deposits and withdrawals on at least a half a dozen sites and I have never gotten screwed on the spot price. It might fluctuate slightly during the deposit or withdrawal process, but I have never lost (or made) more than a dollar or two on the fluctuation. Once you have made the btc withdrawal than you have to decide what to do with it. Here are the things I have done and I will include pros and cons:
1. book>blockchain>itbit. Then I trade the btc into usd on itbit. I just leave the usd in itbit until I want to make a deposit into another book. Then I do the same thing in reverse. The deposit fees are very small. If you sell $1000 worth of btc the fee will be around $2 usd. This method works well for money that you want to continue to gamble with.
2. book>blockchain>coinbase. You can get a shift card (depending on what state you live in) and spend your btc just like you would with a **** card. This is the method I use most. I use all my gambling winnings to pay for typical daily stuff. Restaurants, tools, toilet paper etc. If you can't get the shift card you can also spend the btc at gyft or overstock.
3. book>blockchain>Craigslist customer. This one some people may be wary of and I totally understand if you are. I live in the Bay Area where Craigslist is popular and there is a big population. I post btc to sell on craigslist and I meet someone at a coffeeshop. We sit and have a cup of coffee while the transaction goes through. I have done this twice and both times it worked out fine.
4. You can also just do option 1 but withdraw the money from itbit to your bank account. It is treated as a wire. I think I paid $20 to wire $2000 from itbit to my bank account last time I did it.
Let me know if you have any other questions. I am happy to help.Comment -
habitualwinningSBR MVP
- 01-22-12
- 1569
#60I have made btc deposits and withdrawals on at least a half a dozen sites and I have never gotten screwed on the spot price. It might fluctuate slightly during the deposit or withdrawal process, but I have never lost (or made) more than a dollar or two on the fluctuation. Once you have made the btc withdrawal than you have to decide what to do with it. Here are the things I have done and I will include pros and cons:
1. book>blockchain>itbit. Then I trade the btc into usd on itbit. I just leave the usd in itbit until I want to make a deposit into another book. Then I do the same thing in reverse. The deposit fees are very small. If you sell $1000 worth of btc the fee will be around $2 usd. This method works well for money that you want to continue to gamble with.
2. book>blockchain>coinbase. You can get a shift card (depending on what state you live in) and spend your btc just like you would with a **** card. This is the method I use most. I use all my gambling winnings to pay for typical daily stuff. Restaurants, tools, toilet paper etc. If you can't get the shift card you can also spend the btc at gyft or overstock.
3. book>blockchain>Craigslist customer. This one some people may be wary of and I totally understand if you are. I live in the Bay Area where Craigslist is popular and there is a big population. I post btc to sell on craigslist and I meet someone at a coffeeshop. We sit and have a cup of coffee while the transaction goes through. I have done this twice and both times it worked out fine.
4. You can also just do option 1 but withdraw the money from itbit to your bank account. It is treated as a wire. I think I paid $20 to wire $2000 from itbit to my bank account last time I did it.
Let me know if you have any other questions. I am happy to help.Comment -
ace7550SBR MVP
- 05-08-15
- 3729
#61Thanks for all the info, I appreciate it. I do have a couple of questions. 1. Have you ever converted your btc to cash at a btc ATM before? Based on what I've gathered that will be my preferred method of exchange cause there are multiple btc ATMs near where I live and the fee is very minimal and not something I'm worried about for the convenience. 2. Also what are the best books for using btc? I keep hearing people say Nitrogen is super quick and Heritage is good. This is my plan. Get a wallet at localbitcoins then deposit to book, profit and withdraw back to wallet, convert at ATM if I need cash. Does that all sound legit or am I missing anuthing? Thanks.
The best btc books I've used are: youwager, gtbets, heritage, wagerweb, betdsi, bookmaker, justbet, looselines, skybook, hrwager in order of best to worst. None of them have done anything unethical. I rank them on bonus and juice mostly. I have not used Nitrogen but according to SBR they don't have any bonus. I run a system in which bonuses are fairly important. Heritage and Wagerweb are run by the same outfit. They have always done right by me.
Your plan definitely sounds legit. Now give me a few winning picksComment -
habitualwinningSBR MVP
- 01-22-12
- 1569
#62Yeah the btc atm works well. The one I used came with minimal fees. I transfer my btc to usd online just because it's more convenient.
The best btc books I've used are: youwager, gtbets, heritage, wagerweb, betdsi, bookmaker, justbet, looselines, skybook, hrwager in order of best to worst. None of them have done anything unethical. I rank them on bonus and juice mostly. I have not used Nitrogen but according to SBR they don't have any bonus. I run a system in which bonuses are fairly important. Heritage and Wagerweb are run by the same outfit. They have always done right by me.
Your plan definitely sounds legit. Now give me a few winning picksComment -
ace7550SBR MVP
- 05-08-15
- 3729
#63I put a little something on STL at -112. BOL to us both!Comment -
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#64
The only book that I've found consistency with deposits... is Heritage Sports. They tell you the price quote minutes before you deposit. It's practically in your acct within 5 minutes. Sometimes even quicker than that.
5Dimes diks around... and says it's "automated". I had several "confirms" and it took 20 minutes for them to deposit it in my acct. Not only that... I felt like I got dikked hard on the conversion rate.
Regardless... I'm sure there are savvy people like Raiders who knows every angle to play using BTC. But... I'd rather get a chk from a book and wash it at a party store or chk cashing place. Good luck trying to find the trace.
With BTC you are linked in every which direction.... so when the IRS knocks on your door. You better hire Cochran from the grave. Just my 2 cents.Comment -
thevikingSBR Sharp
- 04-10-07
- 368
#65Kahn... my point is.... how do we trust these books with the conversion rate at the time of the PO? Or even at the time of the Deposit? Nitrogen is probably the only book precise on this because they only deal with BTC. If BTC goes down on the market... so does your bankroll. That's the only negative.
The only book that I've found consistency with deposits... is Heritage Sports. They tell you the price quote minutes before you deposit. It's practically in your acct within 5 minutes. Sometimes even quicker than that.
5Dimes diks around... and says it's "automated". I had several "confirms" and it took 20 minutes for them to deposit it in my acct. Not only that... I felt like I got dikked hard on the conversion rate.
Regardless... I'm sure there are savvy people like Raiders who knows every angle to play using BTC. But... I'd rather get a chk from a book and wash it at a party store or chk cashing place. Good luck trying to find the trace.
With BTC you are linked in every which direction.... so when the IRS knocks on your door. You better hire Cochran from the grave. Just my 2 cents.
you can spend your bitcoin shopping online or get giftcards
How to trust books with conversion rate.... You can use bitstamp.com or other similar pages, see the bitcoinvalue and the history on the time you got your withdraw
and use the calculator, so you dont have to think u get "dikked" you will know if you did or not, i doubt you did, because i have never have been "dikked" with 5dimes.
5dimes uses bitstamp.comComment -
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#66Seems like u havent visited localbitcoin.com? you dont have to be linked at all , it depends what method you choose.
you can spend your bitcoin shopping online or get giftcards
How to trust books with conversion rate.... You can use bitstamp.com or other similar pages, see the bitcoinvalue and the history on the time you got your withdraw
and use the calculator, so you dont have to think u get "dikked" you will know if you did or not, i doubt you did, because i have never have been "dikked" with 5dimes.
5dimes uses bitstamp.com
As for 5D... yes I have looked at Bitstamp when depositing BTC.... and it wasn't the price quoted.
Like I said before... all BTC is... REALLY ADDICTING... REALLY EASY TO USE. If a book doesn't want to take my action... just like how VEGAS does it... why would I want to wager with them? Why would I want fees on the back end? Books are a business. They want customers.... then go easy on the fees.
NO SH#$ books have fees on paying out their clients etc... it's a part of business.
Wish I could run a business with NO FEES. That's a part of running a business.Comment -
kj8210SBR Wise Guy
- 02-09-12
- 919
#67Yes... I have looked into localbitcoins. Buying BTC is ALL OVER PRICED. Who even knows about selling. If people are all over priced.... why would I even look into selling? Not worth the time.
As for 5D... yes I have looked at Bitstamp when depositing BTC.... and it wasn't the price quoted.
Like I said before... all BTC is... REALLY ADDICTING... REALLY EASY TO USE. If a book doesn't want to take my action... just like how VEGAS does it... why would I want to wager with them? Why would I want fees on the back end? Books are a business. They want customers.... then go easy on the fees.
NO SH#$ books have fees on paying out their clients etc... it's a part of business.
Wish I could run a business with NO FEES. That's a part of running a business.
Also since you mentioned fees, I use bookmaker and they don't charge any fee for BTC deposit or withdrawal and they use the bitstamp rate at both times. For those of you guys that are looking for better bonuses use Cloudlet, it is a BTC only site but the bonuses are really good although the limits are pretty low. Good luck!Comment
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