Wired

[Roscoe_Word]

Hello crew.

With mining fees now becoming exorbitant, I’m considering
switching to the “wire”.

Having never used this option, I was wondering if I could
ask for some advice.

My question is: Is it possible that a bank would deny a wire
to be sent or received, on the grounds that the wire is being sent to or received
from a sportsbook?

Such as Coinbase or the old Circle would if they suspect
gaming.

I’m guessing the wire destination would be an offshore bank or
financial entity. I remember checks used to be issued from a Canadian bank for
US players.

Basic stuff I know, but I figure I’d ask before doing such.

Thanks much.

[big joe 1212]

Hello crew.

With mining fees now becoming exorbitant, I’m considering
switching to the “wire”.

Having never used this option, I was wondering if I could
ask for some advice.

My question is: Is it possible that a bank would deny a wire
to be sent or received, on the grounds that the wire is being sent to or received
from a sportsbook?

Such as Coinbase or the old Circle would if they suspect
gaming.

I’m guessing the wire destination would be an offshore bank or
financial entity. I remember checks used to be issued from a Canadian bank for
US players.

Basic stuff I know, but I figure I’d ask before doing such.

Thanks much.

It would be sent to their financial institution or 3rd party

[Roscoe_Word]

It would be sent to their financial institution or 3rd party

Ah. Thanks for the info.

[Optional]

Same deal as checks. If the bank account has been flagged as being used by a bookmaker it might be rejected. But like Joe said, books use 3rd party payment processors and it's not too common.

[Roscoe_Word]

Same deal as checks. If the bank account has been flagged as being used by a bookmaker it might be rejected. But like Joe said, books use 3rd party payment processors and it's not too common.

Thanks, Opti. Lets hope this “lightning “tweak that’s on the
horizon can return the process to reasonable mining fees and reasonable
transmission times. As you stated in a previous thread, it’s now unfeasible to
continue using this method under the current circumstances.

[pokerdevil]

Thankfully, things seem to be coming back to earth already.

Blockchain's regular transaction fee is $10 (usually goes thru in 1-2 hours), and the minimum recommended is $5 (usually goes thru same day).

[ATC727]

What about bitpay card? I’m not understanding how to withdraw... everytine I try to add funds to bitpay card I get an invalid address that blockchain wont accept..

[72nova]

Along those lines, I wired 500 from my checking account to Gemini yesterday. My bank did charge $30 but the wire processed in 30 min and I was able to buy bitcoin before the overnight surge and make that back and more. No fee from Gemini and I did it all from the computer. Previously if I wanted a quick purchase I would use Localbitcoins but their fees were like 15% yesterday. Now if I can just get it to the sportsbook.

[themike78]

I've gone back to using the money transfer places. It's cheaper and faster than bitcoin right now.