5 dimes hosed me on my btc deposit of $500.00.

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  • Foosball Champ
    SBR MVP
    • 10-19-10
    • 1000

    #1
    5 dimes hosed me on my btc deposit of $500.00.
    i sent $500 btc deposit. only credited my account $477.00. screwed me out of $23.00. fukkers.
  • bubba
    SBR MVP
    • 09-29-05
    • 2432

    #2
    With all due respect, the thread title is horribly misleading. Or maybe it's me.
    Comment
    • PaperTrail07
      SBR Posting Legend
      • 08-29-08
      • 20423

      #3
      That's the CODB using bitcoin.....next time it may credit $523 if it goes up----it BTC is high that day/moment youll probably lose a few bucks....cliff notes: its not 5D its normal bitcoin use lol.
      Originally posted by Foosball Champ
      i sent $500 btc deposit. only credited my account $477.00. screwed me out of $23.00. fukkers.
      Comment
      • PD77
        SBR MVP
        • 12-11-09
        • 2380

        #4
        I’ve never had 5Dimes credit my BTC deposit for more than the amount I sent, ever. Only the exact amount or less, if it doesn’t clear their 15 minutes. If the price goes up I get the amount I sent. I’ve bitched about it to them but they don’t budge.
        Comment
        • TheMoneyShot
          BARRELED IN @ SBR!
          • 02-14-07
          • 28672

          #5
          Originally posted by PD77
          I’ve never had 5Dimes credit my BTC deposit for more than the amount I sent, ever. Only the exact amount or less, if it doesn’t clear their 15 minutes. If the price goes up I get the amount I sent. I’ve bitched about it to them but they don’t budge.
          Full blown truth. They've made countless profits on deposits. It's unfuckkkingreal.
          Comment
          • TheMoneyShot
            BARRELED IN @ SBR!
            • 02-14-07
            • 28672

            #6
            Had a deposit about 8 months or so ago.... missed the 15 minute window. In fact... Bitcoin network was jammed. Deposit was finally confirmed at around the 3 hour marker. My deposit actually gained around $18.00.

            What did 5Dimes do? Gave me the exact initial deposit amount. lol HA HA HA HA HA

            But when you miss your window.... and it confirms for a lesser amount.... get ready to bend over....
            Comment
            • Jnas
              SBR Wise Guy
              • 08-26-10
              • 760

              #7
              Originally posted by PD77
              I’ve never had 5Dimes credit my BTC deposit for more than the amount I sent, ever. Only the exact amount or less, if it doesn’t clear their 15 minutes. If the price goes up I get the amount I sent. I’ve bitched about it to them but they don’t budge.
              Same here I never recall getting more only the same or less
              Comment
              • TonyPhizzle
                SBR Sharp
                • 08-30-17
                • 410

                #8
                You must never used Bitcoin before if you’re complaining about $23
                Comment
                • Optional
                  Administrator
                  • 06-10-10
                  • 61495

                  #9
                  Originally posted by PD77
                  I’ve never had 5Dimes credit my BTC deposit for more than the amount I sent, ever. Only the exact amount or less, if it doesn’t clear their 15 minutes. If the price goes up I get the amount I sent. I’ve bitched about it to them but they don’t budge.
                  Originally posted by Jnas
                  Same here I never recall getting more only the same or less
                  Every time I deposit I tell them I am sending about $20 less than I actually send.

                  And every time I get credited with what I send and the expected $ amount.

                  Every single time.

                  I do that because if you send less than the requested amount it requires someone in there to manually handle the credit and I also like to clean all dust from my wallet whenever possible and do not want to muck around trying to guess an exact amount to do that.



                  But I guess I do make sure I check what fees are needed to be transferred in the next block and dont just click and hope my wallet standard fee is right.

                  My last 5D depsoit was 8 mins from the moment I bought bitcoin on an exchange until the moment it was credited to my 5Dimes account.
                  .
                  Comment
                  • hustledouble
                    SBR High Roller
                    • 11-26-13
                    • 189

                    #10
                    Originally posted by Optional
                    Every time I deposit I tell them I am sending about $20 less than I actually send.

                    And every time I get credited with what I send and the expected $ amount.

                    Every single time.

                    I do that because if you send less than the requested amount it requires someone in there to manually handle the credit and I also like to clean all dust from my wallet whenever possible and do not want to muck around trying to guess an exact amount to do that.



                    But I guess I do make sure I check what fees are needed to be transferred in the next block and dont just click and hope my wallet standard fee is right.

                    My last 5D depsoit was 8 mins from the moment I bought bitcoin on an exchange until the moment it was credited to my 5Dimes account.
                    This is quite different from my experiences with 5D. I've been using BTC there 2-3 years. I usually do get about $10-$15 less than I deposit. I don't complain; I figure it's the cost of doing business/what we do. I've never once gotten a higher amount. I have gotten the exact amount several times. I'm careful with checking fees as well. 5D is also the slowest of the majors to confirm BTC deposits for me. BOL/LowVig and Heritage will confirm my deposits in 10-15 minutes. 5Ds usually takes an hour or two.

                    I wonder if it is different for BTC Exclusive customers. Are you BTC exclusive? I've never made the switch.
                    Comment
                    • Optional
                      Administrator
                      • 06-10-10
                      • 61495

                      #11
                      Yes I only use BTC there.

                      Just a guess here, but maybe the reason I always get credited with almost exactly what I expect is due to me sending more than I say, so it has to be calculated, whether it arrives within the 15 min window or not.
                      .
                      Comment
                      • PD77
                        SBR MVP
                        • 12-11-09
                        • 2380

                        #12
                        Originally posted by Optional
                        Every time I deposit I tell them I am sending about $20 less than I actually send.

                        And every time I get credited with what I send and the expected $ amount.

                        Every single time.

                        I do that because if you send less than the requested amount it requires someone in there to manually handle the credit and I also like to clean all dust from my wallet whenever possible and do not want to muck around trying to guess an exact amount to do that.



                        But I guess I do make sure I check what fees are needed to be transferred in the next block and dont just click and hope my wallet standard fee is right.

                        My last 5D depsoit was 8 mins from the moment I bought bitcoin on an exchange until the moment it was credited to my 5Dimes account.
                        I send the exact amount of BTC the cashier calculates at the time I deposit, I scan the QR code they provide. The problem is when the processor decides when to credit the deposit, I’ve seen it credited with zero confirmations for small deposits, and 12 confirmations for larger deposits. What I have noticed is if the deposit is not credited within the 15 minute window, my credited amount will almost always be LESS than the agreed upon amount. Occasionally the price goes up and I get the exact amount I sent but more times than not the credited amount is less than what we agreed upon. I get it , BTC fluctuates, I’ve been trading BTC since they were $5/Coin but this is a one way street in the processors/5Dimes favor. It’s amazing to see so many deposits clear a few minutes outside of the 15 minute window for less than what I sent and NEVER for more.
                        Comment
                        • Optional
                          Administrator
                          • 06-10-10
                          • 61495

                          #13
                          I wonder if they treat it differently if we send the exact amount of BTC requested...

                          I don't doubt you, others say the same. But it does seem strange I have never experienced the problem and am starting to think it must be my habit of always sending more then the amount shown.
                          .
                          Comment
                          • bubba
                            SBR MVP
                            • 09-29-05
                            • 2432

                            #14
                            Originally posted by Optional
                            I wonder if they treat it differently if we send the exact amount of BTC requested...

                            I don't doubt you, others say the same. But it does seem strange I have never experienced the problem and am starting to think it must be my habit of always sending more then the amount shown.
                            I once sent exact amount betonline asked for, price went up, I got credited the exact amount an hour or 2 later despite price rising a lot. Since then, I never send the precise amount they ask for and I feel like its treated more fairly.
                            Comment
                            • Ant23
                              Restricted User
                              • 02-14-19
                              • 492

                              #15
                              So this book takes 15+ minutes for bitcoin deposits? I doubt any book is faster with bitcoin deposits than Bovada. Click & send....log out of site & log back in the $$$ is there!!

                              Now let's go make some $$$
                              Comment
                              • TheMoneyShot
                                BARRELED IN @ SBR!
                                • 02-14-07
                                • 28672

                                #16
                                Originally posted by Optional
                                I wonder if they treat it differently if we send the exact amount of BTC requested...

                                I don't doubt you, others say the same. But it does seem strange I have never experienced the problem and am starting to think it must be my habit of always sending more then the amount shown.
                                Optional... I even sent one time from Gemini... directly to 5D. Reason being... Network was overloaded... and I wanted to try and hit that 15 minute window... Plus Gemini always pays the networking fees and typically gets you in that highest tier for confirmation. (Yes, I know I shouldn't be doing that... but it's hard hitting that 5D 15 minute window.)

                                I think I missed it by 3 minutes one time... and I lost like $1.89 or something?? I know... it's peanuts... but point being... you never gain when you miss the window. And furthermore... it's typically impossible to hit the window.

                                5D isn't going to change anything... they know that people play there on reputation. Also, good odds and plenty of props.

                                But the proof is in the pudding.
                                Comment
                                • temple2010
                                  SBR MVP
                                  • 03-16-10
                                  • 1369

                                  #17
                                  never seen more people complain on this website before- this time over $23? wtf is going on around here!
                                  Comment
                                  • hustledouble
                                    SBR High Roller
                                    • 11-26-13
                                    • 189

                                    #18
                                    Originally posted by TheMoneyShot
                                    Optional... I even sent one time from Gemini... directly to 5D. Reason being... Network was overloaded... and I wanted to try and hit that 15 minute window... Plus Gemini always pays the networking fees and typically gets you in that highest tier for confirmation. (Yes, I know I shouldn't be doing that... but it's hard hitting that 5D 15 minute window.)

                                    I think I missed it by 3 minutes one time... and I lost like $1.89 or something?? I know... it's peanuts... but point being... you never gain when you miss the window. And furthermore... it's typically impossible to hit the window.

                                    5D isn't going to change anything... they know that people play there on reputation. Also, good odds and plenty of props.

                                    But the proof is in the pudding.
                                    I've had some success with blockchain.info paying for the "priority" speed which is usually like...$1 extra. Sometimes like 30 cents depending on congestion and size of transfer. YMMV
                                    Comment
                                    • Optional
                                      Administrator
                                      • 06-10-10
                                      • 61495

                                      #19
                                      Originally posted by TheMoneyShot

                                      Optional... I even sent one time from Gemini... directly to 5D. Reason being... Network was overloaded... and I wanted to try and hit that 15 minute window... Plus Gemini always pays the networking fees and typically gets you in that highest tier for confirmation. (Yes, I know I shouldn't be doing that... but it's hard hitting that 5D 15 minute window.)

                                      I think I missed it by 3 minutes one time... and I lost like $1.89 or something?? I know... it's peanuts... but point being... you never gain when you miss the window. And furthermore... it's typically impossible to hit the window.

                                      5D isn't going to change anything... they know that people play there on reputation. Also, good odds and plenty of props.

                                      But the proof is in the pudding.
                                      I've been calling anything less than about 5 bucks off, the amount I expected to see. So I probably am amounts like 1.89 down as often as you are.
                                      .
                                      Comment
                                      • TheMoneyShot
                                        BARRELED IN @ SBR!
                                        • 02-14-07
                                        • 28672

                                        #20
                                        Originally posted by temple2010
                                        never seen more people complain on this website before- this time over $23? wtf is going on around here!
                                        I don't think we're complaining about the loss of Bitcoin fluctuation. We are just suggesting that 5Dimes never gives you the difference when Bitcoin increases once the 1st confirmation is signaled.
                                        Comment
                                        • PaperTrail07
                                          SBR Posting Legend
                                          • 08-29-08
                                          • 20423

                                          #21
                                          yeah that crazy-not my #1 -figured they would wowza
                                          Originally posted by TheMoneyShot
                                          I don't think we're complaining about the loss of Bitcoin fluctuation. We are just suggesting that 5Dimes never gives you the difference when Bitcoin increases once the 1st confirmation is signaled.
                                          Comment
                                          • Shifty
                                            SBR Wise Guy
                                            • 08-10-08
                                            • 558

                                            #22
                                            Same here with my 5D deposits. Never hit the 15 minute window, even when I increased the miner fee. They always require 6+ confirms and never paid me more when BTC rises. Got burned once when BTC tanked 5% while 5D was waiting for more confirmations. They do give you the market price on payouts, unlike some other books on here.
                                            Comment
                                            • Barrakuda
                                              SBR Wise Guy
                                              • 02-28-18
                                              • 786

                                              #23
                                              Originally posted by temple2010
                                              never seen more people complain on this website before- this time over $23? wtf is going on around here!
                                              If you think someone swiping 4.6% of your deposit is ok, you prob. have no need to be in this sub-forum.

                                              Like others have said, 5D rips you off on all btc deposits. I usually see 0.5% to 1% worse than the blockchain rate on deposits there, and roughly inline with that same rate on WDs. I.e., they're making quite a bit on the spread. They are the only book I use that does this.
                                              Comment
                                              • Barrakuda
                                                SBR Wise Guy
                                                • 02-28-18
                                                • 786

                                                #24
                                                Originally posted by PD77
                                                I’ve never had 5Dimes credit my BTC deposit for more than the amount I sent, ever. Only the exact amount or less, if it doesn’t clear their 15 minutes. If the price goes up I get the amount I sent. I’ve bitched about it to them but they don’t budge.
                                                Yup. They take a cut of all incoming money.
                                                Comment
                                                • Jobba
                                                  SBR Rookie
                                                  • 09-09-19
                                                  • 8

                                                  #25
                                                  Question:

                                                  What's the advantage of depositing using Bitcoin to 5Dimes over CC? Their CC limits seem to be really high these days, like 30k a month.
                                                  Comment
                                                  • PaperTrail07
                                                    SBR Posting Legend
                                                    • 08-29-08
                                                    • 20423

                                                    #26
                                                    The obvious answer------------MOVING ON LOL....Let me know when you buy tickets to a concert or Disney...possibly some electronics lol lol...
                                                    Originally posted by Jobba
                                                    Question:

                                                    What's the advantage of depositing using Bitcoin to 5Dimes over CC? Their CC limits seem to be really high these days, like 30k a month.
                                                    Comment
                                                    • Stallion
                                                      SBR MVP
                                                      • 03-21-10
                                                      • 3617

                                                      #27
                                                      Bitcoin isn't worth it.
                                                      Comment
                                                      • dhristov211
                                                        SBR MVP
                                                        • 12-18-15
                                                        • 2535

                                                        #28
                                                        Originally posted by TheMoneyShot
                                                        Had a deposit about 8 months or so ago.... missed the 15 minute window. In fact... Bitcoin network was jammed. Deposit was finally confirmed at around the 3 hour marker. My deposit actually gained around $18.00.

                                                        What did 5Dimes do? Gave me the exact initial deposit amount. lol HA HA HA HA HA

                                                        But when you miss your window.... and it confirms for a lesser amount.... get ready to bend over....
                                                        you should complain and ask about a rule in writing about X-rates
                                                        Comment
                                                        • newton0038
                                                          SBR MVP
                                                          • 03-07-07
                                                          • 2389

                                                          #29
                                                          Originally posted by PaperTrail07
                                                          The obvious answer------------MOVING ON LOL....Let me know when you buy tickets to a concert or Disney...possibly some electronics lol lol...
                                                          Yup. Had a few cards pilfered by their cc processor. Micro transaction attempts. Bank caught it 3 times. On to another card number to remember
                                                          Comment
                                                          • TheMoneyShot
                                                            BARRELED IN @ SBR!
                                                            • 02-14-07
                                                            • 28672

                                                            #30
                                                            Originally posted by dhristov211
                                                            you should complain and ask about a rule in writing about X-rates
                                                            I complained a year ago about this. Customer service makes up excuses and they constantly assure you.... that it's your miscalculation.

                                                            I've learned to just deal with it. It's the price in doing business with them.

                                                            As one poster did mention... when you get a PO via Bitcoin with them.... the conversion rate is typically spot on. If this changes... I would be bitching up a storm.
                                                            Comment
                                                            • Jobba
                                                              SBR Rookie
                                                              • 09-09-19
                                                              • 8

                                                              #31
                                                              Originally posted by PaperTrail07
                                                              The obvious answer------------MOVING ON LOL....Let me know when you buy tickets to a concert or Disney...possibly some electronics lol lol...
                                                              Ohhh... yeah that's happened to me a few times too. I guess I should be ready to get a new credit card after making some large deposits?
                                                              Comment
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