I usually request check but it seems like most offshore bookies are pushing Bitcoin. Have you guys had good experience with Bitcoin? Or. Should I continue to request check
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I usually request check but it seems like most offshore bookies are pushing Bitcoin. Have you guys had good experience with Bitcoin? Or. Should I continue to request check
Google block chain and coinbase and sign up for both. On block chain you need to copy the address on screen then on paste on to your offshore account when you push the send money. then send whatever the money and it should take couple days. after you receive the money tap send and copy the address of coinbase on field. on coinbase you can put in your bank account and there's a small fee so its pretty simple.
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Google block chain and coinbase and sign up for both. On block chain you need to copy the address on screen then on paste on to your offshore account when you push the send money. then send whatever the money and it should take couple days. after you receive the money tap send and copy the address of coinbase on field. on coinbase you can put in your bank account and there's a small fee so its pretty simple.
It's pretty simple actually. I was confused by it at first when somebody was trying to explain it to me.
Basically what you wanna do, as stated above, is join a site called coinbase. This is basically a middle man, and a merchant.
You have three different wallets. Bitcoin, etherum, and USD, granted you're in the US. Each wallet has an address. Should be a really long goofy code of letters and numbers.
All you have to do is give the address attached to whatever wallet you want your money to go into to the sportsbook. If you send it to your bitcoin account, note that your money is converted to bitcoin and the balance will fluctuate some, as the bitcoin price flucutates.
If you send it to your USD wallet, it converts right away to USD and stays as that balance.
Most sportsbooks cashout free of charge to your bitcoin, and there's around a 3.5% fee to your bank from coinbase. It's the cheapest method out there by far, and it takes about two business days from coinbase to your bank.
Most sportsbooks will process the cashout to your bitcoin within one business day.
It's a great option
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It's pretty simple actually. I was confused by it at first when somebody was trying to explain it to me.
Basically what you wanna do, as stated above, is join a site called coinbase. This is basically a middle man, and a merchant.
You have three different wallets. Bitcoin, etherum, and USD, granted you're in the US. Each wallet has an address. Should be a really long goofy code of letters and numbers.
All you have to do is give the address attached to whatever wallet you want your money to go into to the sportsbook. If you send it to your bitcoin account, note that your money is converted to bitcoin and the balance will fluctuate some, as the bitcoin price flucutates.
If you send it to your USD wallet, it converts right away to USD and stays as that balance.
Most sportsbooks cashout free of charge to your bitcoin, and there's around a 3.5% fee to your bank from coinbase. It's the cheapest method out there by far, and it takes about two business days from coinbase to your bank.
Most sportsbooks will process the cashout to your bitcoin within one business day.
Yup. Standard cashout for me through betonline is i cashout Sunday night. By the time I wake up Monday, usually by noon my money is in my coinbase. I withdraw it to my bank and its there by morning Wednesday.
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Quote Originally Posted by Creed236:
oh really? thats good to know
Yup. Standard cashout for me through betonline is i cashout Sunday night. By the time I wake up Monday, usually by noon my money is in my coinbase. I withdraw it to my bank and its there by morning Wednesday.
March 11 the SEC will make an announcement on whether or not they will issue bitcoin etf
If they approve it, expect the price to shoot up. If they don't, prices should just remain as usual.
Just a note for anyone who already has bitcoin or is thinking about cashing out. You should make some money if it's a yes.
How much significance is this? Is it a matter of a few dollars or should I really expect to make some huge money with the price change?
And side note ive read that having tour offshore account sending payouts directly to coinbase is a quick way to have your coinbase account shut down. Ive always transferred to my blockchain address first and then to coinbase as others have recommended before. Its been a few months though so maybe there is nothing to worry about anymore however better safe then sorry. I would hate to lose my payout or have to go back to requesting checks that take 2-4 weeks to arrive.
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Quote Originally Posted by koreatine:
Lastly again hehe
March 11 the SEC will make an announcement on whether or not they will issue bitcoin etf
If they approve it, expect the price to shoot up. If they don't, prices should just remain as usual.
Just a note for anyone who already has bitcoin or is thinking about cashing out. You should make some money if it's a yes.
How much significance is this? Is it a matter of a few dollars or should I really expect to make some huge money with the price change?
And side note ive read that having tour offshore account sending payouts directly to coinbase is a quick way to have your coinbase account shut down. Ive always transferred to my blockchain address first and then to coinbase as others have recommended before. Its been a few months though so maybe there is nothing to worry about anymore however better safe then sorry. I would hate to lose my payout or have to go back to requesting checks that take 2-4 weeks to arrive.
How much significance is this? Is it a matter of a few dollars or should I really expect to make some huge money with the price change?
And side note ive read that having tour offshore account sending payouts directly to coinbase is a quick way to have your coinbase account shut down. Ive always transferred to my blockchain address first and then to coinbase as others have recommended before. Its been a few months though so maybe there is nothing to worry about anymore however better safe then sorry. I would hate to lose my payout or have to go back to requesting checks that take 2-4 weeks to arrive.
That's very true in regards to the block chains.
I've read several speculations. By the end of 2017 I think we're looking at somewhere between $1800-$3200 ball park if approved.
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Quote Originally Posted by TERP_:
How much significance is this? Is it a matter of a few dollars or should I really expect to make some huge money with the price change?
And side note ive read that having tour offshore account sending payouts directly to coinbase is a quick way to have your coinbase account shut down. Ive always transferred to my blockchain address first and then to coinbase as others have recommended before. Its been a few months though so maybe there is nothing to worry about anymore however better safe then sorry. I would hate to lose my payout or have to go back to requesting checks that take 2-4 weeks to arrive.
That's very true in regards to the block chains.
I've read several speculations. By the end of 2017 I think we're looking at somewhere between $1800-$3200 ball park if approved.
We're not talking huge money like a penny stock going from 2 cents a share to a quarter per share. You're talking probably something along the lines of a 50-60% ROI over the course of a couple weeks.
Dunno about dumping a ton of money into a bitcoin account but i would definitely leave it in there until the end of march if you already have them.
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We're not talking huge money like a penny stock going from 2 cents a share to a quarter per share. You're talking probably something along the lines of a 50-60% ROI over the course of a couple weeks.
Dunno about dumping a ton of money into a bitcoin account but i would definitely leave it in there until the end of march if you already have them.
coinbase is an exchange. you should never store your coins on an exchange. google mt.gox and look at what happened to them. they were an exchange that went under and didn't have enough in accounts to cover users' funds. therefore anyone who had stored their btc on mt.gox lost them. blockchain.info is a reliable wallet but if you have any serious amount of money i would advise buying a trezor wallet.
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coinbase is an exchange. you should never store your coins on an exchange. google mt.gox and look at what happened to them. they were an exchange that went under and didn't have enough in accounts to cover users' funds. therefore anyone who had stored their btc on mt.gox lost them. blockchain.info is a reliable wallet but if you have any serious amount of money i would advise buying a trezor wallet.
yup these guys are right, dont send directly to coinbase use a bitcoin wallet as a buffer. Electrum works well and is free. Also dont use coinbase, use gdax which is the same company as coinbase just a more advanced version with NO FEES for limit orders.
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yup these guys are right, dont send directly to coinbase use a bitcoin wallet as a buffer. Electrum works well and is free. Also dont use coinbase, use gdax which is the same company as coinbase just a more advanced version with NO FEES for limit orders.
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