1. #1
    dynamite140
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    BTC Rate Via Different Bookmakers

    What sites do most of you who use bitcoin offer pretty close to the current rate when depositing via bitcoin?


    Youwager offers deposits/withdraws with bitcoin but the rate they use for deposits is a bit higher than the current rate. I believe they mention bitfinex for the rate. So if you deposit say $3000 worth of bitcoin, they would usually ask for around $3060 worth of bitcoin. I don't recall exactly but the fee was between 2-2.5 percent i believe. When i did a withdraw there, i notice the rate they gave back was a bit higher than the current btc rate if you use google or coinbase for example, but not by much as compared to deposit though not sure on that.


    Do most sites offer the rate as if you put that on google? Someone had mentioned betonline offers a worse rate. But a mod i believe said they are incorrect. Thus if 1 btc is $500 and you want to deposit $3000 to make it simple, it should be around 6 btc. But if they say you need to deposit 6.xx btc, then the btc price could be $490 or below etc. Does anyone know if this is true or not? And if so, do they also do this on withdraw as well? I do know betonline has that ridiculous 6.5 percent deposit fee for bitcoin which is pretty bad. So if the rate they offer is worst, then obviously they are charging much more possibly close to 10 percent in deposit fees. I mainly used skrill for betonline.


    From my experience, betcris seems to be very fair with depositing via bitcoin/withdraw via bitcoin as they should be. Pinnacle is of course the standard and i use skrill/neteller for that. And since betcris seems to have no skrill/neteller at the moment, bitcoin is the main option for bigger amounts.


    Is there any sites that give you a much lower than via bitcoin? And if so, what are those sites?


    Also to those of you that say bitcoin is the nuts... yes it is. However, skrill/neteller is still king.

  2. #2
    raiders72001
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    Join Date: 08-10-05
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    Quote Originally Posted by dynamite140 View Post
    What sites do most of you who use bitcoin offer pretty close to the current rate when depositing via bitcoin?


    Youwager offers deposits/withdraws with bitcoin but the rate they use for deposits is a bit higher than the current rate. I believe they mention bitfinex for the rate. So if you deposit say $3000 worth of bitcoin, they would usually ask for around $3060 worth of bitcoin. I don't recall exactly but the fee was between 2-2.5 percent i believe. When i did a withdraw there, i notice the rate they gave back was a bit higher than the current btc rate if you use google or coinbase for example, but not by much as compared to deposit though not sure on that.


    Do most sites offer the rate as if you put that on google? Someone had mentioned betonline offers a worse rate. But a mod i believe said they are incorrect. Thus if 1 btc is $500 and you want to deposit $3000 to make it simple, it should be around 6 btc. But if they say you need to deposit 6.xx btc, then the btc price could be $490 or below etc. Does anyone know if this is true or not? And if so, do they also do this on withdraw as well? I do know betonline has that ridiculous 6.5 percent deposit fee for bitcoin which is pretty bad. So if the rate they offer is worst, then obviously they are charging much more possibly close to 10 percent in deposit fees. I mainly used skrill for betonline.


    From my experience, betcris seems to be very fair with depositing via bitcoin/withdraw via bitcoin as they should be. Pinnacle is of course the standard and i use skrill/neteller for that. And since betcris seems to have no skrill/neteller at the moment, bitcoin is the main option for bigger amounts.


    Is there any sites that give you a much lower than via bitcoin? And if so, what are those sites?


    Also to those of you that say bitcoin is the nuts... yes it is. However, skrill/neteller is still king.
    Most sportsbooks use Bitstamp. http://bitcoincharts.com/markets/
    Last edited by raiders72001; 08-17-16 at 09:39 PM.

  3. #3
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
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    Quote Originally Posted by dynamite140 View Post
    What sites do most of you who use bitcoin offer pretty close to the current rate when depositing via bitcoin?


    Youwager offers deposits/withdraws with bitcoin but the rate they use for deposits is a bit higher than the current rate. I believe they mention bitfinex for the rate. So if you deposit say $3000 worth of bitcoin, they would usually ask for around $3060 worth of bitcoin. I don't recall exactly but the fee was between 2-2.5 percent i believe. When i did a withdraw there, i notice the rate they gave back was a bit higher than the current btc rate if you use google or coinbase for example, but not by much as compared to deposit though not sure on that.


    Do most sites offer the rate as if you put that on google? Someone had mentioned betonline offers a worse rate. But a mod i believe said they are incorrect. Thus if 1 btc is $500 and you want to deposit $3000 to make it simple, it should be around 6 btc. But if they say you need to deposit 6.xx btc, then the btc price could be $490 or below etc. Does anyone know if this is true or not? And if so, do they also do this on withdraw as well? I do know betonline has that ridiculous 6.5 percent deposit fee for bitcoin which is pretty bad. So if the rate they offer is worst, then obviously they are charging much more possibly close to 10 percent in deposit fees. I mainly used skrill for betonline.


    From my experience, betcris seems to be very fair with depositing via bitcoin/withdraw via bitcoin as they should be. Pinnacle is of course the standard and i use skrill/neteller for that. And since betcris seems to have no skrill/neteller at the moment, bitcoin is the main option for bigger amounts.


    Is there any sites that give you a much lower than via bitcoin? And if so, what are those sites?


    Also to those of you that say bitcoin is the nuts... yes it is. However, skrill/neteller is still king.

    It would be easier to say if books offer the "current rate" if we were able to nominate an exact "current rate" to compare them to.

    As long as your book uses the same reference market for deposits and withdrawals it will usually work out to be a 'fair rate' by the time you do a deposit/withdraw cycle, with whatever market rate they choose to follow. ie: Say you think Bitstamp is the correct "current rate". Even if your book uses Coinbase and gives you less dollars for your btc on the way in than you expect, then you should also normally be paid more btc than you expect when withdrawing.

    Basically there is no 'current rate' and even if two books use the same source just moments apart there can be differences. But so far I do not believe there is ever a major difference between rates at any of the C+ rated fiat books taking bitcoin.

    Betonline does an instant rate spot check when you submit a deposit request. It gives you the chance to re-do the request a few times until you see a rate you are happy with. Most other books I've used don't do this and just tell you later what rate you got. This extra service is the only reason people even have a chance to say "its not the correct rate"... but have you ever gone to BOL and done a deposit? I think you will find that if you send exactly 1 bitcoin to BOL and Bookmaker/5D etc at the same time, you are likely to end up with more $ in your BOL account than the others just as often as you would end up with less.

  4. #4
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
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    Quote Originally Posted by Optional View Post
    It would be easier to say if books offer the "current rate" if we were able to nominate an exact "current rate" to compare them to.

    As long as your book uses the same reference market for deposits and withdrawals it will usually work out to be a 'fair rate' by the time you do a deposit/withdraw cycle, with whatever market rate they choose to follow. ie: Say you think Bitstamp is the correct "current rate". Even if your book uses Coinbase and gives you less dollars for your btc on the way in than you expect, then you should also normally be paid more btc than you expect when withdrawing.

    Basically there is no 'current rate' and even if two books use the same source just moments apart there can be differences. But so far I do not believe there is ever a major difference between rates at any of the C+ rated fiat books taking bitcoin.

    Betonline does an instant rate spot check when you submit a deposit request. It gives you the chance to re-do the request a few times until you see a rate you are happy with. Most other books I've used don't do this and just tell you later what rate you got. This extra service is the only reason people even have a chance to say "its not the correct rate"... but have you ever gone to BOL and done a deposit? I think you will find that if you send exactly 1 bitcoin to BOL and Bookmaker/5D etc at the same time, you are likely to end up with more $ in your BOL account than the others just as often as you would end up with less.
    The Bitstamp price is on the low end. I don't know what BOL uses but some books do use https://bitcoinaverage.com/#USD

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