Bovada Bitcoin Exclusive

[Bfl]

Just an FYI (maybe I spoke too soon on saying Bovada was excellent on payouts).

I requested a $900 payout just before 3pm yesterday. I received the typical email that the transaction was processed (even got a message from Coinbase saying I received Bitcoin). As of this morning the money has not hit my account and still says it is unconfirmed. Normally the money hits my account about an hour after the notification from Coinbase. I realize the message from Bovada says it can take up to 24 hours. It's just never taken that long in the past and it's a bit strange that it's still unconfirmed.

[Optional]

Just an FYI (maybe I spoke too soon on saying Bovada was excellent on payouts).

I requested a $900 payout just before 3pm yesterday. I received the typical email that the transaction was processed (even got a message from Coinbase saying I received Bitcoin). As of this morning the money has not hit my account and still says it is unconfirmed. Normally the money hits my account about an hour after the notification from Coinbase. I realize the message from Bovada says it can take up to 24 hours. It's just never taken that long in the past and it's a bit strange that it's still unconfirmed.

If your wallet can see it as unconfirmed, then Bovada have sent it to you.

[ArunSh]

Just an FYI (maybe I spoke too soon on saying Bovada was excellent on payouts).

I requested a $900 payout just before 3pm yesterday. I received the typical email that the transaction was processed (even got a message from Coinbase saying I received Bitcoin). As of this morning the money has not hit my account and still says it is unconfirmed. Normally the money hits my account about an hour after the notification from Coinbase. I realize the message from Bovada says it can take up to 24 hours. It's just never taken that long in the past and it's a bit strange that it's still unconfirmed.

Similar thing with me, I got an email that my withdrawal was processed 24 hours ago, but it still shows as "pending" in my crypto wallet. Any idea what that means? Last time when I got the email, it was in my wallet instantly, 24 hours seems like something is odd.

[Crusherrr]

Similar thing with me, I got an email that my withdrawal was processed 24 hours ago, but it still shows as "pending" in my crypto wallet. Any idea what that means? Last time when I got the email, it was in my wallet instantly, 24 hours seems like something is odd.

I've sent a deposit this morning 10 hours ago and it hasn't confirmed yet. I'm sure it's coming. Everyone having same issues right now.

[ArunSh]

I've sent a deposit this morning 10 hours ago and it hasn't confirmed yet. I'm sure it's coming. Everyone having same issues right now.

Good to know - thanks for clarifying that. Hopefully nothing wrong with it per say, just slow!

[Four33]

Didn’t get 30xbonus y’all talking about but checked today and they did add 1500 bonus points and Caesar’s victory spins .

[Bfl]

Didn’t get 30xbonus y’all talking about but checked today and they did add 1500 bonus points and Caesar’s victory spins .

Similar here. And still no money in Bitcoin account (still pending). I talked to Coinbase yesterday and they did say it was not the vendor's (Bovada) fault. Sounds like there's been a run on Bitcoin with all the craziness of the stock market and money exchanges. Admittedly, there's nothing like a lack of bonuses and the inability to get a payout to discourage me from gambling. Clearly Bitcoin is not going to be the way to go going forward. As I shop around for different sports books, I'll need to start looking at the different payout methods. I know other than Bitcoin, Bovada only does a courier check that is free once every 90 days. Otherwise it's a $100 charge for that, so clearly you would want to take out withdrawals sparingly since that type of a charge on a withdrawal of $1,000 is a hefty price to pay. Not to mention those international checks typically take a couple of weeks to clear most bank accounts.

[Headsterx]

Similar here. And still no money in Bitcoin account (still pending). I talked to Coinbase yesterday and they did say it was not the vendor's (Bovada) fault. Sounds like there's been a run on Bitcoin with all the craziness of the stock market and money exchanges. Admittedly, there's nothing like a lack of bonuses and the inability to get a payout to discourage me from gambling. Clearly Bitcoin is not going to be the way to go going forward. As I shop around for different sports books, I'll need to start looking at the different payout methods. I know other than Bitcoin, Bovada only does a courier check that is free once every 90 days. Otherwise it's a $100 charge for that, so clearly you would want to take out withdrawals sparingly since that type of a charge on a withdrawal of $1,000 is a hefty price to pay. Not to mention those international checks typically take a couple of weeks to clear most bank accounts.

You can sell in their marketplace in the community forum. If you have CashApp or Venmo account, it will sell quickly as many sellers don’t have those accounts as many have had them closed, including me.

[Crusherrr]

So I thought my deposit with another book was being held up but turns out the payout I have from Bovada 24 hours ago was not confirmed yet and I tried to then send elsewhere before it had. Now everything is stuck on zero confirmations.

I wrote in their community forum- others having same issues. It looks like it was sent with a fee that was fine- so I'm not sure why there is a holdup. I've had other transactions confirmed. They should be able to rebroadcast it with a higher fee hoping it gets picked up.

Some other guy mentioned his has been unconfirmed now for a few days.

[ArunSh]

So I thought my deposit with another book was being held up but turns out the payout I have from Bovada 24 hours ago was not confirmed yet and I tried to then send elsewhere before it had. Now everything is stuck on zero confirmations.

I wrote in their community forum- others having same issues. It looks like it was sent with a fee that was fine- so I'm not sure why there is a holdup. I've had other transactions confirmed. They should be able to rebroadcast it with a higher fee hoping it gets picked up.

Some other guy mentioned his has been unconfirmed now for a few days.

Yes mine is still pending after almost two days now. Pretty annoying.

[Bfl]

Yes mine is still pending after almost two days now. Pretty annoying.

Yep, and the latest talk is if the company goes bankrupt that money held in cryptocurrency could be wiped out. A 14 day check hold sounds so much better now. We all may be screwed.

https://www.google.com/amp/s/fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/amp/

[Crusherrr]

Yep, and the latest talk is if the company goes bankrupt that money held in cryptocurrency could be wiped out. A 14 day check hold sounds so much better now. We all may be screwed.

https://www.google.com/amp/s/fortune...ngs-stock/amp/

You dont own the keys with coinbase. You would be considered a creditor. No reason to hold with them anyways.

[Crusherrr]

Yes mine is still pending after almost two days now. Pretty annoying.

We apologize for the wait but it looks like this was due to the recent fluctuation in BTC that has resulted in network congestion.
We’ve also taken measures on our end to ensure this does not occur again.

This is their response on the forum. Lots of others having same issue.

[ArunSh]

We apologize for the wait but it looks like this was due to the recent fluctuation in BTC that has resulted in network congestion.
We’ve also taken measures on our end to ensure this does not occur again.

This is their response on the forum. Lots of others having same issue.

Thanks for the update. Guess in one sense it's good to know there is nothing wrong with my specific withdrawal per say. On the other hand, these fluctuations in price + the effect it has had on the network and so forth are definitely troubling. Hopefully just a temporary thing, all gets cleared up soon.

That said, these sorts of things definitely make people feel less confidence in the system, no doubt.

[Bfl]

We apologize for the wait but it looks like this was due to the recent fluctuation in BTC that has resulted in network congestion.
We’ve also taken measures on our end to ensure this does not occur again.

This is their response on the forum. Lots of others having same issue.

What forum are you talking about?

[Bfl]

Thanks for the update. Guess in one sense it's good to know there is nothing wrong with my specific withdrawal per say. On the other hand, these fluctuations in price + the effect it has had on the network and so forth are definitely troubling. Hopefully just a temporary thing, all gets cleared up soon.

That said, these sorts of things definitely make people feel less confidence in the system, no doubt.

Arun, do you have any idea what he's talking about? What forum? Got a link?

[ArunSh]

Arun, do you have any idea what he's talking about? What forum? Got a link?

I'm guessing he means Bovada community forum? Not certain as I didn't see anything about this there. Though I did see a few posts on reddit with people complaining about this issue.

[Crusherrr]

I'm guessing he means Bovada community forum? Not certain as I didn't see anything about this there. Though I did see a few posts on reddit with people complaining about this issue.

Bovada community forum- go to their crypto thread. "All categories" "Crypto" and there is a thread "Withdrawal Issue"

[Optional]

Similar here. And still no money in Bitcoin account (still pending). I talked to Coinbase yesterday and they did say it was not the vendor's (Bovada) fault. Sounds like there's been a run on Bitcoin with all the craziness of the stock market and money exchanges. Admittedly, there's nothing like a lack of bonuses and the inability to get a payout to discourage me from gambling. Clearly Bitcoin is not going to be the way to go going forward. As I shop around for different sports books, I'll need to start looking at the different payout methods. I know other than Bitcoin, Bovada only does a courier check that is free once every 90 days. Otherwise it's a $100 charge for that, so clearly you would want to take out withdrawals sparingly since that type of a charge on a withdrawal of $1,000 is a hefty price to pay. Not to mention those international checks typically take a couple of weeks to clear most bank accounts.

US books are starting to accept Bitcoin or pre loaded cards that can be loaded with crypto.

You'll be able to use it on and off shore sooon.


Most banks actually cash International checks into accounts immediately as long as the cusatomer has an had an average balanace larger than the check.

Very rarely do banks send international checks for manual collection as it costs a lot and can take a week or so. They pass the risk over the customer that the issuer will not honor it.

So I thought my deposit with another book was being held up but turns out the payout I have from Bovada 24 hours ago was not confirmed yet and I tried to then send elsewhere before it had. Now everything is stuck on zero confirmations.

I wrote in their community forum- others having same issues. It looks like it was sent with a fee that was fine- so I'm not sure why there is a holdup. I've had other transactions confirmed. They should be able to rebroadcast it with a higher fee hoping it gets picked up.

Some other guy mentioned his has been unconfirmed now for a few days.

Did they say they have tried that?

I'd also think that if you try sending some of those unconfirmed funds to yourself with a huge fee the entire chain of payments might get mined faster?

Yep, and the latest talk is if the company goes bankrupt that money held in cryptocurrency could be wiped out. A 14 day check hold sounds so much better now. We all may be screwed.

https://www.google.com/amp/s/fortune...ngs-stock/amp/

Do not hold any money in a Coinbase wallet. You don't need to. Only send there if you intend to cashout right now.

It's lazy and irresponsible to use them like a bank when you can hold you own wallet more securely.

What forum are you talking about?

Bovada Community Forum. Google it or look under support on the Bovada website.

[Bfl]

Do not hold any money in a Coinbase wallet. You don't need to. Only send there if you intend to cashout right now.
It's lazy and irresponsible to use them like a bank when you can hold you own wallet more securely.

Anytime I've requested a withdrawal with Bovada, I've instantly cashed it out as soon as it's funded to Coinbase (in this case, the funding never hit the account and is in a pending mode). I've never held any money there. If there's a different way to do this, let me know (I'm new to cryptocurrency).

[Optional]

Anytime I've requested a withdrawal with Bovada, I've instantly cashed it out as soon as it's funded to Coinbase (in this case, the funding never hit the account and is in a pending mode). I've never held any money there. If there's a different way to do this, let me know (I'm new to cryptocurrency).

Then I don't think you need to worry if they go bankrupt or not.

[Bfl]

How so? Is the pending money not in their site?

[Optional]

How so? Is the pending money not in their site?

I answered exactly what you said...

"Yep, and the latest talk is if the company goes bankrupt that money held in cryptocurrency could be wiped out. A 14 day check hold sounds so much better now. We all may be screwed."


Don't hold cryptocurrency there... or it's your own stupid fault if they go bankrupt.

And no, we will not all be screwed if Coinbase goes bankrupt.

[Bfl]

I answered exactly what you said...

"Yep, and the latest talk is if the company goes bankrupt that money held in cryptocurrency could be wiped out. A 14 day check hold sounds so much better now. We all may be screwed."


Don't hold cryptocurrency there... or it's your own stupid fault if they go bankrupt.

And no, we will not all be screwed if Coinbase goes bankrupt.

And I explained my situation. You seem to be talking in riddles. If you don't want to explain how that relates to someone simply requesting a withdrawal and instantly cashing it out, then don't. I'm not looking to talk in circles. I sincerely would like to know what a person is to do in the situation when the money is simply in a pending situation like this. I'm not looking to argue with you.

[Optional]

And I explained my situation. You seem to be talking in riddles. If you don't want to explain how that relates to someone simply requesting a withdrawal and instantly cashing it out, then don't. I'm not looking to talk in circles. I sincerely would like to know what a person is to do in the situation when the money is simply in a pending situation like this. I'm not looking to argue with you.

I am not talking in riddles. Re-read the words in context answering your post I quoted.

What you are now asking is not even relevant to that first conversation.


But to satisfy you.. yes you have risk for the short time Coinbase controls your funds during your cashout. Again, that is not what you posted though. You talked about HOLDING cryptocurrency there.

You say you instantly cashout, so answer your own question about how long you own Bitcoin held by Coinbase. Minutes? Seconds?

[Bfl]

I am not talking in riddles. Re-read the words in context answering your post I quoted.

What you are now asking is not even relevant to that first conversation.


But to satisfy you.. yes you have risk for the short time Coinbase controls your funds during your cashout. Again, that is not what you posted though. You talked about HOLDING cryptocurrency there.

You say you instantly cashout, so answer your own question about how long you own Bitcoin held by Coinbase. Minutes? Seconds?

Jesus pal. I instantly cash out when it is funded. It's not that hard to understand. You clearly just want to argue. Have a good day.

[Optional]

Jesus pal. I instantly cash out when it is funded. It's not that hard to understand. You clearly just want to argue. Have a good day.

I was genuinely trying to help you understand that the words you typed showed that you did not understand the situation.

Seriously, read what YOU posted... nothing you have said afterward was about that post of yours, or my helpful answer to that specific post.

I suspect you just do not understand what you said is the basic issue you are having here.

[Crusherrr]

@Opti
I tried to send $50 of the unconfirmed funds to myself at another wallet with a really high fee, then tried normal fee, anything. Nothing will send now.

I still have two deposits pending to other books from this unconfirmed transaction that Im waiting on. Not sure what else to do now.

[Optional]

@Opti
I tried to send $50 of the unconfirmed funds to myself at another wallet with a really high fee, then tried normal fee, anything. Nothing will send now.

I still have two deposits pending to other books from this unconfirmed transaction that Im waiting on. Not sure what else to do now.

Wow, wonder what is going on.

Will do some research. Have you tried to find out yet?

[Crusherrr]

Wow, wonder what is going on.

Will do some research. Have you tried to find out yet?

They just say we are at the will of the miners to pick it up. Yesterday it let me send the unconfirmed funds no problem. Today it failed. Now I'm stuck with 2 deposits to books unconfirmed and cant do anything with the remaining funds till it confirms.

One guy on their forum says he has 2 confirmations now after 4 days. But it seems like all of their payouts are having this same issue.

[Optional]

Fees don't seem crazy high but the queue is getting long https://bitcoinfees.earn.com/


Can't see any industry news outlet talking about it yet.

Not good when unexplainable strange things happen.

[ArunSh]

Got this message from Bovada within last hour or so:


Hello,

We are writing to provide an update regarding your recent Bitcoin withdrawal request. While your payment has been processed by Bovada, you may experience a delay in the delivery of your funds to your wallet.

This delay is being caused by a recent spike in traffic which has caused congestion on the Bitcoin network.

We apologize for any inconvenience this has caused and can assure you that your funds are safe, and on their way to you.

Warm Regards,
Bovada Customer Service

[Bfl]

Thank you Arun.

Hope the Warriors close them out tonight.

[Crusherrr]

I tried to use bitaccelerate but hasnt done anything yet.

[PD77]

I tried to use bitaccelerate but hasnt done anything yet.

BTCnitro.com works too. blockchair.com gives you a decent idea of when it will confirm, at least where you stand in the backlog.