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Technically you can.Originally posted by BRITANY
But it is against Coinbase's terms of service to use them for transferring gambling funds. When they detect it they have shut down many accounts.
Not sending directly between them and a sportsbook makes it much less likely to happen.
One other reason to use your own wallet that you control at one end of every transaction you make is that you retain some control and full information about the transfer. And if anything goes wrong you do not have to deal with two separate third parties and possibly try to get them to communicate about it for you..Comment -
Can anyone recommend a good btc/eur exchange service?Comment -
Coinbase or Kraken service native Euro countries quite well.
There is a good list of reliable European exchanges here too https://bitcoin.org/en/exchanges#europe.Comment -
If I ever got lucky enough to win a SBR contest that pays out in Bitcoin, could that prize be shipped directly to a sports book?
Never got into Bitcoin and am trying to hold out as long as possible.Comment -
nice breakdown (nice pic too
)
Most sites are fun, fast and effective. Delays could only be as long as a new block (so ten minutes).Comment -
holding and fees
I just tried buying bitcoin for the first time with coinbase directly from my bank account....there was a 9 day hold..by the ti,e i waited 9 days and fees bit coin went way down so my $800 was $680 by the time i could transfer it to a sportsbook..
I thought it was a first time hold...nope another transfer showed a wait time of 11 days to transfer..
why would anyone want to use this...got hit for $120 loss by the time could transfer the money to the book...this is a shit method..cant see anyone wanting this...bit coin unstable on a 9 day waitComment -
The wait time appears to be based on how risky they profile you as. It seems to be variable first time but should end up being 5 days if depositing by ACH once established.
You can avoid the wait time by depositing to Coinbase by Wire instead of ACH. That is credited and cleared either same day or overnight.
Also you do not have to purchase Bitcoin and then wait for the ACH to clear if you do not wish to do that.
You can just deposit US$ and wait for it to clear before purchasing Bitcoin.
Or if you did choose to buy bitcoin at same moment as requesting ACH transfer, then you can decide to sell that Bitcoin for US$ and hold it on the exchange until clear and buy bitcoin again.
There is no reason you should be stuck with a loss like this. The choice of how and when to do the actual BTC purchase is 100% in your own control.Last edited by Optional; 08-25-19, 11:47 AM..Comment -
Sammy reloaded 5 offshore books for football... all with bitcoin
Sammy made $$$ doing so -- did not lose a cent
Sammy is almost 70yo -- Sammy aint that smart
Sammy got bitcoins figured out many years ago
Some people are just really dumb... total dumbasses <---- Sammy wishes he could book their betsComment -
I use blockchain and bitstamp for bitcoin ahaha super easy to useComment -
I set up account with Coinbase and got verified to send money to and from coinbase with my bank account, but I can't get verified with coinbase to send money from coinbase to 5Dimes. The moderator tried helping me a few weeks ago, but I'm not able to do it; even after watching video posted here. So after almost 15 years with 5Dimes I'm done. Drove an hour to NY casino to make some futures but wouldn't bother driving an hour to bet each week. Stupid governor of NY blocked using computer or phone to bet. Thanks to the people who tried to help. Congrats to Sammy who's older than me and much smarterComment -
Do you have to have a smartphone to use bitcoin. All I have is a dumb phone. I pad and laptop.Comment -
No. You can do it all on a laptop.
You need an Exchanger to buy/sell your bitcoin. Gemini.com or Coinbase.com
You need a personal wallet you own. Blockchain.com/wallet/ is a website based one you can get started with.
Get verified at your exchanger and fund the account.
Once those funds are "cleared" buy some bitcoin from them and send it you personal wallet. From there deposit it in your sportsbook account.
When withdrawing have the sportsbook send the bitcoin to your personal wallet. The you send it to the exchanger and sell it for $$ which can then be transferred to your bank..Comment -
It's just personal preference and what your lifestyle demands. No advantage to using a phone.
Although you can't use 2 Factor Authentication (2FA) without a smart phone. Which is basically a unique code delivered to your smartphone that is needed as well as the normal password each time you login fro extra security..Comment -
I also have a flip phone; me and you must be the only 2 people left with flip phones except some seniors. Cause of flip phone; I can't get verified with coinbase to send or receive money. So I don't think opening blockchain account will matter. The moderator here has tried to help and I follow his steps but I think I need a smart phone for coinbase to send or recieve. I got verified to send or receive to my bank account but not for other websites. I tried; I'm doneComment -
Will it be possible to fund my sports book account and have funds available for Saturday. I have cash or could link bank account but that seems to take too long. Are ATMs super high in fees? What about local bitcoins.com is that safe or real risky ?TIAComment -
If you deposit cash to Gemini/Coinbase using a wire transfer instead of ACH then it becomes available and cleared same day or overnight.
Most bitcoin ATMs will charge 7-10% by default but are instant. You can sometimes call the phone number on the side and ask the operator to give you a better rate.
The CashApp from square inc on your phone is fast to buy from too..Comment -
I opened a Gemini account and linked a bank account but it will only allow me to initially transfer $500 . I failed to mention looking to fund about 5k.Comment -
Yea that was ACH submitted ID for verification I'll wait for them to get back with me and see what happens thanks for your helpComment -
wired money to Gemini using a bank account in my name and it was rejected because I did not register that account with them.I was told via email money would be returned and could take 2- 10 days or longer WTF? I tried calling no one answers left a message on a sketchy voicemail.this was Friday money has not been returned. What a nightmareComment -
I finally was able to get money in Gemini using a different bank account . So now I was trying to set up wallet with block chain and keep having issues logging in. So I tried a laptop instead of mobile and got a message my account was blocked and to call an 855 number I do a guy answers he wanted me to let him access my pc remotely. He some how new the last 5 numbers of my wallet ID but I still did not want to let him access my PC. Any other wallet recommendations I’m a little spooked with block chainComment -
[QUOTE=Optional;28891603]That sounds like a scam of some sort. Maybe not the correct url? blockchain.com/wallet
electrum.org desktop wallet is about the best technically, and its 100% on your device with no one else involved. What about airbitz? I just set up a wallet with themComment -
Airbitz popular and never heard of a problem with them..Comment -
I don’t know why I am having such a hard time with this copied wallet address with request from my airbitz account clicked transfer to from my Gemini account hit finish nothing happened no confirmation not sure if it is being processed or not . No support from either place very frustratingComment -
put that long address in here
see where it is if anywhereComment -
I think I finally figured out what I was doing wrong trying to transfer instead of with draw not I got itComment
