Bitcoin payout questions

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  • Rolltide88
    SBR Rookie
    • 09-24-18
    • 13

    #1
    Bitcoin payout questions
    Good evening gentlemen. Im new to the site so glad I found this forum so much to learn. So im new to bitcoin sports betting but I have the Coinbase app linked to my checking account and debit card to buy coins and a blockchain wallet.

    My question is how do I request a payout via bitcoin? Do I give my sportsbook my Coinbase address or do I request an address from blockchain and give the sportsbook that? Also how do I transfer the bitcoin to my bank account because its linked to my Coinbase app? Any help would be greatly appreciated. Thanks guys
  • Optional
    Administrator
    • 06-10-10
    • 60642

    #2
    Originally posted by Rolltide88
    Good evening gentlemen. Im new to the site so glad I found this forum so much to learn. So im new to bitcoin sports betting but I have the Coinbase app linked to my checking account and debit card to buy coins and a blockchain wallet.

    My question is how do I request a payout via bitcoin? Do I give my sportsbook my Coinbase address or do I request an address from blockchain and give the sportsbook that? Also how do I transfer the bitcoin to my bank account because its linked to my Coinbase app? Any help would be greatly appreciated. Thanks guys
    You should not transfer directly between a book and coinbase as it violates their terms. So you would withdraw to your Blockchain wallet, then transfer them to your coinbase Bitcoin wallet. At that point you can pay Coinbase a fee to trade that Bitcoin for US$ or use their "Pro Exchange" and go sell it there yourself for a much lower trade commission.

    You will then have money in your Coinbase US$ wallet which you can withdraw to your bank directly from there.
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