Bitcoin

**Buffalo Nickle** · 11-11-15, 09:32 AM

I learned everything I needed to know right here, mostly from reading the bitcoin threads and asking questions. This is your best resource.

Here's the process:

Open an account with Circle/Coinbase. Circle is free.

Send money from your bank account which you link to your Circle account for deposit.

Once your account is set up and funded, you send the money to the sportsbook to their bitcoin wallet which they give you the address for. Or you send to a intermediary wallet (most people use blockchain) and then forward it from there to the sportsbook (this is done to keep your gambling activity from being tracked and shut down).

Then you do the opposite at cash out.

That's pretty much it.

Run into a stumbling block along the way and ask your question in this thread and you'll get a reply for what to do.

**ldh1019** · 11-11-15, 10:13 AM

Thanks! Been reading about the two and it seems most folks like Circle more.

**Buffalo Nickle** · 11-11-15, 10:30 AM

They are pretty much the same. Some people like Coinbase and pay the fee happily instead of dealing with Circle. Obviously, Circle is the way to go unless you have a reason not to.

**ldh1019** · 11-11-15, 10:33 AM

Wow! Opened Circle acct and moved $ to Heritage in 5 mins! I am shocked how easy that was!

**Optional** · 11-11-15, 01:42 PM

Originally posted by ldh1019

Wow! Opened Circle acct and moved $ to Heritage in 5 mins! I am shocked how easy that was!

I'm shocked we dont see more posts like this

Now you know how it works... make sure you you also work out how to opt in to higher security. 2 factor authorization, where they send a PIN number to your phone, is a good start to set up.

**spro23** · 11-11-15, 01:48 PM

and you'll be shocked at how easily it can drop in value 15% in a few hours

**ldh1019** · 11-11-15, 03:30 PM

Originally posted by spro23

and you'll be shocked at how easily it can drop in value 15% in a few hours

???

**spro23** · 11-11-15, 04:52 PM

idh - a couple days ago btc was $500. now it's$300 per 1 btc, the value fluctuates greatly

**Buffalo Nickle** · 11-11-15, 05:00 PM

Both Circle and Coinbase have basically made bitcoin bitcoin free. You just have to send and receive and convert immediately to cash. You only have to worry about the time the book takes to send and credit you the coins. Big difference from the past.

**ldh1019** · 11-11-15, 05:20 PM

Yeah thats what I thought

**keepitsimple** · 11-27-15, 09:06 PM

Bitcoin has gone from 215$ to 400$ a coin this fall. It's hovering around 350$ now.

**Triumph** · 11-27-15, 10:50 PM

Originally posted by ldh1019

Wow! Opened Circle acct and moved $ to Heritage in 5 mins! I am shocked how easy that was!

I was shocked how easily a Bitcoin thief emptied my DSI account after my account was hacked, there doesn't seem to be any way to track a Bitcoin thief.

**Theo_Goodman** · 12-01-15, 04:01 PM

I was shocked how easily a Bitcoin thief emptied my DSI account after my account was hacked, there doesn't seem to be any way to track a Bitcoin thief.

Yea in that sense it is like cash, there is no way to reverse a payment.

**jtoler** · 12-02-15, 12:48 AM

Originally posted by Triumph

I was shocked how easily a Bitcoin thief emptied my DSI account after my account was hacked, there doesn't seem to be any way to track a Bitcoin thief.

How did that happen? I mean wasnt the bitcoin converted to cash at DSI?

**evo34** · 12-02-15, 05:23 AM

Originally posted by Optional

I'm shocked we dont see more posts like this

Now you know how it works... make sure you you also work out how to opt in to higher security. 2 factor authorization, where they send a PIN number to your phone, is a good start to set up.

Do you mean added security at Circle or at a sportsbook?

**Theo_Goodman** · 12-02-15, 12:08 PM

Do you mean added security at Circle or at a sportsbook?

I mean at ANY website that you deposit bitcoin on, at a very minimum email 2fa but best would be with authy, google auth, other similar 2fa methods. Nitrogen has 2FA for example as does nearly every bitcoin exchange.

**Optional** · 12-02-15, 01:11 PM

Originally posted by evo34

Do you mean added security at Circle or at a sportsbook?

I meant your bitcoin wallet. It would be a nice upgrade for traditional books to offer 2FA as well.