Coinbase what's the holdup?

**garyking** · 05-06-19, 05:05 PM

Bitcoin transactions are mined by the miners in order of the ones offering the most transaction fees first. Apparently when sending it is possible to offer a higher transaction fee in order for faster processing. Don't know if this is possible when receiving. In any case not to worry, sometimes it can take as much as 48 hours during times of high transactions.

**garyking** · 05-06-19, 05:08 PM

On only one occasion out of maybe 50 bitcoin withdrawals I have done the transaction never arrived (from BETDSI).
Not sure what happened, but after a week they resent the transaction and i received the funds.

**Ant23** · 05-06-19, 05:31 PM

Garyking.....So you waited an entire week and it still was "pending"? I'm not sure of Bovada policy but I was reluctant to try bitcoin in the first place and on my 2nd ever transaction I get this? At least with the courier check you knew exactly when it would come and it wasn't just "pending"!!!!

**PD77** · 05-06-19, 06:18 PM

Check the transaction fee, if they skimped on it the it could take a while. Right now the fee is $.81 for less than an hour. There’s only 8000 or so unconfirmed transactions so it could be something else. Does it have any confirmations? Did you have the BTC sent straight from Bovada to Coinbase? That could also be an issue too.

**garyking** · 05-06-19, 06:47 PM

yes, Ant i contacted them several times and they said at first had not been sent and then eventually it had been returned to them. I'm pretty sure they were giving me some sort of runaround, but I did eventually get my money. Don't think it had anything to do with Bitcoin myself. I've done it before but can't remember how but you should be able to check the transaction in coinbase and see how many confirmations have been receive on the transaction to date.

**garyking** · 05-06-19, 06:49 PM

Also I've often read not to use Coinbase for gambling transactions...In the future would use another wallet, or withdraw to another wallet first and then transfer to Coinbase although that costs a bit more because of the extra transaction. Google coinbase+accepting gambling transactions for more info on that

**Ant23** · 05-06-19, 07:20 PM

Garyking.....So thanks for the info. Finally after 12 hrs I checked & it was confirmed in coinbase. So you would not use coinbase from blockchain from bovada? Which other .com do you recommend sending from blockchain? Bovada actually told me to open up blockchain & coinbase accounts!! If coinbase isn't good for gambling I wonder why Bovada recommended them?
Hmmmmm......

**PD77** · 05-06-19, 09:46 PM

Sounds like you’re doing it right. Just use an intermediary wallet between Coinbase for all transactions. But if that is the case you would’ve been the person sending to Coinbase from your blockchain wallet. Is that not the case?

**garyking** · 05-06-19, 09:53 PM

Hi Ant, so glad you got it. Everything I have read about coinbase says eventually they will ask you where the transactions are coming from and will ban them if from gambling sites. I use blockchain mostly, but have also used Airbitz, with no problems. For me being Canadian the hard part is to turn it into cash. We have lots of Bitcoin ATM's now, but the fees are close to 10%.

If you use blockchain or Airbitz etc to withdraw or deposit from the sportsbook you can send a bitcoin transfer to Coinbase, for a minimal fee, usually under$1.
Good Luck

**icon** · 05-06-19, 09:55 PM

Originally posted by garyking

Hi Ant, so glad you got it. Everything I have read about coinbase says eventually they will ask you where the transactions are coming from and will ban them if from gambling sites. I use blockchain mostly, but have also used Airbitz, with no problems. For me being Canadian the hard part is to turn it into cash. We have lots of Bitcoin ATM's now, but the fees are close to 10%.

If you use blockchain or Airbitz etc to withdraw or deposit from the sportsbook you can send a bitcoin transfer to Coinbase, for a minimal fee, usually under$1.
Good Luck

If you are in Canada then you don't even need bitcoin. Pinnacle has many deposit and withdrawal options with one free withdrawal per month. Bitcoin is fine for the Costa Rica based books. Pinnacle, Sports Interaction, Bodog all have methods available that have no fees or fluctuations. Withdraw $1000 you get $1000 etc. usually deposited directly to your bank acct.

**garyking** · 05-06-19, 09:58 PM

I believe it is easier to deposit money from ************, etc into Coinbase, than it would be to Blockchain, etc. That may be why they recommended it. I have deposited from credit card to coinbase, and then transferred to Blockchain before transferring to sportsbooks. Bitcoin is a very easy way to transfer money if you already have Bitcoin, however if you don't, and need to purchase it or want to turn it into cash, that's where it becomes a bit more expensive/problematic. Some of it also depends what country you are located in as well.

**garyking** · 05-06-19, 10:01 PM

Yes, you are right on Icon, however over the years some of the sportsbooks have banned/limited me (not pinnacle, but sportsinteraction had bovada have)., and i no longer have the opportunity to play there. The opportunites that abounded 10-15 years ago no longer exist for me, and a long winning streak has turned into a long losing streak!!!!! Just mostly for fun now.

**thechaoz** · 05-06-19, 10:13 PM

They are so awful. I could write a book but I won't

**garyking** · 05-07-19, 12:18 AM

Can't disagree with that.

**Optional** · 05-07-19, 06:48 AM

Was this the first time you sent bitcoin to your Coinbase account?

If so, I bet the delay was them manually checking the account before approving it to be accessed in your wallet.

**Arky** · 05-07-19, 11:54 AM

Coinbase has gotten really picky lately. After being a member for 2.5 years, they sent me an email a few weeks ago saying buying/selling in my account was temporarily disabled (it wasn't) until I sent them more KYC via a webcam. I don't own a webcam and don't want to buy or borrow one. I went back and forth with their customer support about this.

Another time, they gave me grief about using the first two initials of my name in a wire transfer instead of using my full first name. They went ahead and approved the wire anyway because that is the way I had done it half a dozen times before. ("But in the future, please use your full first name")

I'm now giving all my business to Gemini. I've never had any problem with them. They pay top dollar (and free!) to transfer Bitcoin out of their exchange to a Bitcoin address. Worst transfer time I've ever had with them was about a hour and that was just recently.... Usually, it is instant to 15 minutes.

**Ro0k** · 05-07-19, 01:01 PM

Transaction times take longer and the fees get more expensive when the volume is extremely high for BTC. At the moment, it's trying to break 6k which is garnering a lot of interest.

**Unwritten Law** · 05-07-19, 02:25 PM

BTC to the moon

**Ant23** · 05-07-19, 05:12 PM

Optional.....no sir it wasn't the 1st time but it was the 2nd!! Still got $$ from Bovada to blockchain to coinbase(longest wait time) and in bank acct today.....So from Monday morning request to being in the bank today is HELLAQUIK......that means really FAST