This will be my first time requesting a payout from BetOnline. I have had great success with Heritage. However, I have a significant amount of money tied up at BetOnline. I will be taking advantage of the $50 free withdrawal on Fridays. But not this Friday as I have to wait until after the 9am-1pm window due to credit card deposit stipulations. How long will it take for my ** payout of $400 max limit to get processed? Also, if I request 400$ and the fees are 50$ will that make it 350$? It says I can only use this method once a week. Ive never done checks or Bitcoin. This seems like the safer way for me.
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Thanks for your question. You probably want to go with bitcoin moving forward and save the extra $ on fees.
From the BetOnline website regarding the method you inquired about:
payouts requested before 1PM EST will be available within 5 business days Transactions are limited to one per week.Comment -
in my opinion betonline is number 1 in allComment -
Thanks. I'll figure out how to use Bitcoin. My main concern is figuring out how to convert to cash.Comment -
Check the bitcoin webinar threads stickied at the top of this sub forum. But if Nth American chances are you will want to use coinbase.com or circle.com to cashout to your bank account.
There is also a long thread about a Bitcoin ATM card you might like to try as well..Comment -
Thanks so much. I really appreciate it.Comment -
Ok so I created three wallets? Coinbase, Airbitz and Bitcoin. Firstly, when I request a payout which wallet will I send it to? Secondly, after I receive the money I send it from Airbitz to coinbase for the conversion? Thirdly, once it's converted at coinbase how do I wire transfer it to my bank for real cash? I'm stupid when it comes to this ishComment -
Coinbase is the place that you want to not link to any gambling.
Main reason is because it is so easy to cash out to a US bank account from there so you want to avoid being banned.
So when cashing out from the book, never send to Coinbase directly. Most people start out by using the blockchain.info/wallet as the place they receive payouts.
From there you would transfer it to Coinbase and it is simply a matter of asking them to deposit it to the bank account you have linked there.
In reverse when buying bitcoin at Coinbase, send it to blockchain.info/wallet first.
There are more complex ways to go about it where you use a trading exchange in the middle instead of the blockchain wallet but I would not worry about that until you have tried it out this basic way.
PS... Airbitz is being talked about in the webinar as an alternative to the blockchain.info/wallet. You wont need both to get started but Airbitz and it's attached trading exchange Glidera may be useful to you later if/when you want to get more sophisticated about hiding your tracks..Comment -
This is very helpful. I'll use block chain first for the payout. Send to coinbase for conversion and I suppose within the portal I can send to my bank account. From my understanding I can't speak to anyone physically so I guess it's somewhere on the portal that I can request the transfer.Comment -
I'm not in the US so can't give you exact instructions as I haven't done it myself.
But before you start I'd suggest going to coinbase and work out how to link your bank account. It's a bit of mucking about.
Once you have it's just a matter of clicking payout I believe..Comment -
Sounds good. Been reading some posters comments about banning in reference to your aforementioned statement about transferring direct to coinbase or circle. That's good information. I'll mix in *** and other methods as well.Comment -
I've read somewhere here on SBR that after an X amount of cash out from one of the Bitcoin wallets(forgot which one) that they send you a forum which is taxable or something? Is this true?Comment
