1. #106
    3runhomer
    3runhomer's Avatar Become A Pro!
    Join Date: 08-23-10
    Posts: 423
    Betpoints: 1895

    Quote Originally Posted by LT Profits View Post
    I am at both Bitstamp and Kraken. I am not in a hurry so I actually treat trade like a real trader would trying to profit. Sell high, buy low before moving to Coinbase. For those in a hurry, Kraken charges 0.16% per trade, which is not bad at all. However, transferring out costs 0.05 Btc, which at $530 equates to 26.50. Haven't used Bitstamp yet, I only signed up there. Will probably use them next time to mix things up.
    I like the idea of using an exchange that is outside of the US...but isn't Kraken in San Fran...and Bitstamp has 3 offices worldwide, with 1 being in New York...

    Are there any exchanges that have no ties to the US?

  2. #107
    Redwing41
    Redwing41's Avatar Become A Pro!
    Join Date: 05-29-16
    Posts: 71
    Betpoints: 72

    Quote Originally Posted by LT Profits View Post
    I am at both Bitstamp and Kraken. I am not in a hurry so I actually treat trade like a real trader would trying to profit. Sell high, buy low before moving to Coinbase. For those in a hurry, Kraken charges 0.16% per trade, which is not bad at all. However, transferring out costs 0.05 Btc, which at $530 equates to 26.50. Haven't used Bitstamp yet, I only signed up there. Will probably use them next time to mix things up.
    .05 isnt that bad if you are transferring a large amount. I've never used kraken or Bitstamp they work like coinbase, you deposit in an online wallet, buy and sell then transfer?

    I still think coinbase will find a way to say they suspect that the money is coming from gambling if you continually are withdrawing an unusually large amount of money.

    Maybe I will sell on locabitcoin, take the 2-3 percent profit get my payout in cash, buy a car below blue book value + sell above then pay taxes only on the profits.

  3. #108
    LT Profits
    LT Profits's Avatar VIP Moderator
    Join Date: 10-27-06
    Posts: 65,869
    Betpoints: 96860

    Quote Originally Posted by 3runhomer View Post
    I like the idea of using an exchange that is outside of the US...but isn't Kraken in San Fran...and Bitstamp has 3 offices worldwide, with 1 being in New York...

    Are there any exchanges that have no ties to the US?
    Well I'll be damned, I always thought Kraken was in Luxembourg.

    Although now that I think about it, it may not matter that it is USA based provided you make at least one legitimate trade.

    BTP
    Week 8
    5-0-0 461 pts


  4. #109
    TheMoneyShot
    TheMoneyShot's Avatar SBR PRO
    Join Date: 02-14-07
    Posts: 18,101
    Betpoints: 49

    This is one of the better threads for BTC. Has to be Top 3... if not one of the best in regards to behind the scenes info.

    BTP
    Week 8
    4-1-0 315 pts


  5. #110
    pixster
    pixster's Avatar Become A Pro!
    Join Date: 10-25-11
    Posts: 1,386
    Betpoints: 5629

    Quote Originally Posted by TheMoneyShot View Post
    This is one of the better threads for BTC. Has to be Top 3... if not one of the best in regards to behind the scenes info.

    I'll drink to that.

  6. #111
    Grivas_Digeni
    3hands2countit
    Grivas_Digeni's Avatar SBR PRO
    Join Date: 05-08-15
    Posts: 2,635
    Betpoints: 12

    Great thread.

    Nothing in gambling is ever granted. You've gotta roll with the punches, just ask 5dimes who don't accept any e-money any more, but accept BTC.

    Based on what I've heard from fellow American posters, anything under 5% (and maybe even 10%) total fees on this card (rather, sports book->cash in hand) would be acceptable to most. Would be very interested to hear actual reports on what each individual user ends up paying after miner fees, sports book withdrawal fees - if any - ATM fees etc.
    Last edited by Grivas_Digeni; 06-02-16 at 04:09 AM. Reason: benjamins

    BTP
    Week 7
    4-1-0 381 pts


  7. #112
    3runhomer
    3runhomer's Avatar Become A Pro!
    Join Date: 08-23-10
    Posts: 423
    Betpoints: 1895

    Quote Originally Posted by LT Profits View Post
    Well I'll be damned, I always thought Kraken was in Luxembourg.

    Although now that I think about it, it may not matter that it is USA based provided you make at least one legitimate trade.
    Your right...I think doing at least 1 trade will dis-associate the coins from their previous addresses (I think)...and then when you withdraw from there, it will be a new ball game

  8. #113
    spro23
    spro23's Avatar Become A Pro!
    Join Date: 07-17-15
    Posts: 296
    Betpoints: 2700

    you have to give them DL and SSN for bitpays card..

  9. #114
    Redwing41
    Redwing41's Avatar Become A Pro!
    Join Date: 05-29-16
    Posts: 71
    Betpoints: 72

    Quote Originally Posted by 3runhomer View Post
    Your right...I think doing at least 1 trade will dis-associate the coins from their previous addresses (I think)...and then when you withdraw from there, it will be a new ball game
    Doesnt those places that you trade also dont want your dirty gambling money? Kraken, bitstamp or where ever are also licensed exchanges that follow the rules coinbase does??

  10. #115
    Redwing41
    Redwing41's Avatar Become A Pro!
    Join Date: 05-29-16
    Posts: 71
    Betpoints: 72

    What are your thoughts on giving out your SSN or (Social insurance number as call it in Cananda) to coinbase, circle, xapo, bitpay, an exchange that you deposit money to your bank? I dont personally mind them having my number. I do mind them possibly being able to check if I am paying my taxes on my coins or if they can somehow link me back to gambling. Could be entirely safe but you never know how they run their security or what type of protocol they have to adhere to. Can they even see these things with my SSN or SIN card? I would think them being connect to my bank could suck if the bank gets in touch with coinbase.

  11. #116
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 30,223
    Betpoints: 1856

    Quote Originally Posted by 3runhomer View Post

    Your right...I think doing at least 1 trade will dis-associate the coins from their previous addresses (I think)...and then when you withdraw from there, it will be a new ball game
    It's a bit more complicated that that. It might take more than one trade. Depends on how much activity at exchange at the moment you do the trade.

    But don't worry so much about being traced. If someone wants to do that working back from your cashouts they will be able to most of the time. Doing a trade like this gives coinbase the evidence to say it might not be gambling funds more than anything else.

    SBR Bash
    Punta Cana
    Attendee 2/4/2017


  12. #117
    Hothands12
    Hothands12's Avatar Become A Pro!
    Join Date: 06-07-16
    Posts: 5
    Betpoints: 48

    Did Any of you guys have to enter a company name for bit pay or am I doing this wrong

  13. #118
    Ghenghis Kahn
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 16,981
    Betpoints: 111

    Quote Originally Posted by Hothands12 View Post
    Did Any of you guys have to enter a company name for bit pay or am I doing this wrong
    no didn't have to enter a company name. but i ordered mine on 5/28 and still haven't received it yet. it's taking a while.
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/16/2017

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/13/2017

    BTP
    Week 7
    3-1-1 258 pts


  14. #119
    TheMoneyShot
    TheMoneyShot's Avatar SBR PRO
    Join Date: 02-14-07
    Posts: 18,101
    Betpoints: 49

    Quote Originally Posted by Ghenghis Kahn View Post
    no didn't have to enter a company name. but i ordered mine on 5/28 and still haven't received it yet. it's taking a while.
    Still waiting on mine also.

    BTP
    Week 8
    4-1-0 315 pts


  15. #120
    ParlayKing1986
    ParlayKing1986's Avatar Become A Pro!
    Join Date: 06-02-12
    Posts: 249
    Betpoints: 2435

    Ordered mine on 27th..havent received it..called and they said no later than friday.

  16. #121
    Grivas_Digeni
    3hands2countit
    Grivas_Digeni's Avatar SBR PRO
    Join Date: 05-08-15
    Posts: 2,635
    Betpoints: 12

    Quote Originally Posted by Redwing41 View Post
    What are your thoughts on giving out your SSN or (Social insurance number as call it in Cananda) to coinbase, circle, xapo, bitpay, an exchange that you deposit money to your bank? I dont personally mind them having my number. I do mind them possibly being able to check if I am paying my taxes on my coins or if they can somehow link me back to gambling. Could be entirely safe but you never know how they run their security or what type of protocol they have to adhere to. Can they even see these things with my SSN or SIN card? I would think them being connect to my bank could suck if the bank gets in touch with coinbase.
    You run a higher risk getting your personal info stolen every time you buy a sandwich at Subway or leave your computer on overnight, than sending your scans to a company like this.

    The other concern - whether giving them this information exposes you to potential checks - is a more serious one. I believe it's not the company's problem if you pay taxes... who cares... but it may be required to share some of the information it collects, with the government.

    In most cases, however, the company is required by law to tell you, the customer, which information it can and will share with government agencies on a regular basis (if you are a criminal, they owe you nothing, of course, but if you are a regular user, and you ASK THEM, they must tell you whether or not they share any of your info with any third party, including IRS etc)

    Is this close or have I seen too many Hollywood movies?

    BTP
    Week 7
    4-1-0 381 pts


  17. #122
    Courtesywipe
    [Too Long]
    Courtesywipe's Avatar Become A Pro!
    Join Date: 09-02-11
    Posts: 1,475
    Betpoints: 604

    Quote Originally Posted by ParlayKing1986 View Post
    Ordered mine on 27th..havent received it..called and they said no later than friday.
    Same day I ordered. Nothing yet. And I got a fair amount I want to cash out.

  18. #123
    3runhomer
    3runhomer's Avatar Become A Pro!
    Join Date: 08-23-10
    Posts: 423
    Betpoints: 1895

    Keep us posted guys...

  19. #124
    bullheaddad
    Update your status
    bullheaddad's Avatar Become A Pro!
    Join Date: 03-16-14
    Posts: 205
    Betpoints: 277

    Great thread!! Ordered my card yesterday.

  20. #125
    ParlayKing1986
    ParlayKing1986's Avatar Become A Pro!
    Join Date: 06-02-12
    Posts: 249
    Betpoints: 2435

    Checked mail..still no card.

  21. #126
    Courtesywipe
    [Too Long]
    Courtesywipe's Avatar Become A Pro!
    Join Date: 09-02-11
    Posts: 1,475
    Betpoints: 604

    Quote Originally Posted by ParlayKing1986 View Post
    Checked mail..still no card.
    Yep. Will be two weeks for me as of tomorrow.

  22. #127
    3runhomer
    3runhomer's Avatar Become A Pro!
    Join Date: 08-23-10
    Posts: 423
    Betpoints: 1895

    Is it safe to assume that any money you load onto this card carries the same effects as if you exchanged bitcoin for usd at coinbase or any other exchange and sent to your bank?

    Both I'm assuming are considered "taxable" events by the irs?

  23. #128
    Ghenghis Kahn
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 16,981
    Betpoints: 111

    anyone actually received the card and used it yet? why is no one getting their cards?
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/16/2017

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/13/2017

    BTP
    Week 7
    3-1-1 258 pts


  24. #129
    themike78
    themike78's Avatar Become A Pro!
    Join Date: 07-01-13
    Posts: 2,042
    Betpoints: 5351

    Quote Originally Posted by 3runhomer View Post
    Is it safe to assume that any money you load onto this card carries the same effects as if you exchanged bitcoin for usd at coinbase or any other exchange and sent to your bank?

    Both I'm assuming are considered "taxable" events by the irs?
    I'm sure it's the same because the card is from a bank and you have to give them s.s number.

  25. #130
    ParlayKing1986
    ParlayKing1986's Avatar Become A Pro!
    Join Date: 06-02-12
    Posts: 249
    Betpoints: 2435

    Wow these asshats...i know i put the apartment number ..and i didnt receive it again today and called them and they said it was never delievered because there wasnt an apartment number....now have to wait another 7-14 bd. Unbelievable.

  26. #131
    Ghenghis Kahn
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 16,981
    Betpoints: 111

    Quote Originally Posted by ParlayKing1986 View Post
    Wow these asshats...i know i put the apartment number ..and i didnt receive it again today and called them and they said it was never delievered because there wasnt an apartment number....now have to wait another 7-14 bd. Unbelievable.
    wow, i don't like how things are turning out. they seem a little shady.
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/16/2017

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/13/2017

    BTP
    Week 7
    3-1-1 258 pts


  27. #132
    Ghenghis Kahn
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 16,981
    Betpoints: 111

    Quote Originally Posted by ParlayKing1986 View Post
    Ordered mine on 27th..havent received it..called and they said no later than friday.
    why didn't they tell you when you called the first time. things like this piss me off. you know they are deliberately trying to stall to give you the card. makes no sense. any good company would want you to have the card asap so you can use their services.
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/16/2017

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/13/2017

    BTP
    Week 7
    3-1-1 258 pts


  28. #133
    Ghenghis Kahn
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 16,981
    Betpoints: 111

    i just called and they said i should be receiving the card next week. this is a shady ass company.

    i asked why none of the people are getting their cards and this ghetto ass black bitch was giving me attitude saying, it takes 7 to 10 business days. i told her well it's been 10 business days. then she kept saying you'll get the card next week. wtf?
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/16/2017

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/13/2017

    BTP
    Week 7
    3-1-1 258 pts


  29. #134
    themike78
    themike78's Avatar Become A Pro!
    Join Date: 07-01-13
    Posts: 2,042
    Betpoints: 5351

    What's the name of the bank associated with the card? Are they a big bank?

  30. #135
    Ghenghis Kahn
    Ghenghis Kahn's Avatar SBR PRO
    Join Date: 01-02-12
    Posts: 16,981
    Betpoints: 111

    i highly doubt they're associated with a big bank.
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/16/2017

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 11/13/2017

    BTP
    Week 7
    3-1-1 258 pts


  31. #136
    3runhomer
    3runhomer's Avatar Become A Pro!
    Join Date: 08-23-10
    Posts: 423
    Betpoints: 1895

    I received my card a week ago...but haven't got a chance to load or use it yet.

  32. #137
    3runhomer
    3runhomer's Avatar Become A Pro!
    Join Date: 08-23-10
    Posts: 423
    Betpoints: 1895

    Quote Originally Posted by themike78 View Post
    What's the name of the bank associated with the card? Are they a big bank?

    From the card's cardholder agreement page:

    "Terms and Conditions for the BitPay Prepaid Visaź Card. This document constitutes the agreement (“Agreement”)outlining the terms and conditions under which the BitPay Prepaid **** Card has been issued to you by MetropolitanCommercial Bank (Member FDIC) pursuant to a license from ****, U.S.A., Inc. “Metropolitan Commercial Bank” and“Metropolitan” are registered trademarks of Metropolitan Commercial Bank © 2014."


    https://bitpay.com/****/resources/Ca..._Agreement.pdf

  33. #138
    3runhomer
    3runhomer's Avatar Become A Pro!
    Join Date: 08-23-10
    Posts: 423
    Betpoints: 1895

    http://www.metropolitanbankny.com/


    On the "About Us" page:

    Metropolitan Commercial Bank by the Numbers*

    Established 1999
    Full-Service Banking Centers
    • Manhattan - Park Avenue, Diamond District & Garment Center
    • Brooklyn - Boro Park
    • Long Island- Great Neck
    Employees 103
    Total Assets $1,069,570,000
    Total Deposits $893,527,000
    Total Loans $874,237,000
    Prepaid Card Spend $1.25 billion
    ATMs Available to Clients at No Cost 1 million +

  34. #139
    ParlayKing1986
    ParlayKing1986's Avatar Become A Pro!
    Join Date: 06-02-12
    Posts: 249
    Betpoints: 2435

    Odd..received my card today..and activitated..regret blowing my 5d balance..going to deposit and try to withdraw tonight!

  35. #140
    ParlayKing1986
    ParlayKing1986's Avatar Become A Pro!
    Join Date: 06-02-12
    Posts: 249
    Betpoints: 2435

    Well tried to set up my online access and the damn website doesnt even load....hard to trust them loading my money on it when it doesn't seem reliable at all.

First 1234567 ... Last
Top