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Thread: 5Dimes Discussion

  1. #241
    CTG Super Moderator scarf31's Avatar
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    Quote Originally Posted by nbafan88 View Post
    Lets say for some reason you enter the address incorrectly (for where the bitcoins are being sent to)... does blockchain say there is an error?

    Obviously you should always copy/paste....

    wonder how long this will stay pending
    NBAFan...from my personal experience...depositing from BC to a book, it usually takes anywhere between 15 minutes and an hour. when withdrawing from BC to another wallet (Circle or CB, etc.), I've found that the process usually takes roughly 2 hours on average.

  2. #242
    Seasoned Veteran nbafan88's Avatar
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    Ao sending money from BC to Coinbase takes 2 hours? I'm ok with that. Just hope there are no issues because i feel like there is no recourse

  3. #243
    CTG Super Moderator scarf31's Avatar
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    Quote Originally Posted by nbafan88 View Post
    Ao sending money from BC to Coinbase takes 2 hours? I'm ok with that. Just hope there are no issues because i feel like there is no recourse
    On average I have had it take 2 hours...sometimes shorter, sometimes a bit longer. The longest I think I waited was a little over 3 hours. Generally, the book will either call you to verify your identity before withdrawing, but I know that 5d sends an email instead.

    The thing to keep in mind about these BTC address is that it is crucial not to fuck them up when sending/receiving....double and triple check them if you have to, to be safe. What I have been reading and have had conversations with (I think) CB, is that if there is a BTC transaction sent to the wrong address or one that you want to cancel, you only have within 5 minutes of the initial send to do so.

    The issue with that is that it's not like these places have a call center for you to speak with someone and readily fix the issue....so that timeframe (at least in my opinion) is virtually impossible to meet. Which is why I emphasize being so careful about the addresses. Copy and paste...don't write them down...and then double check everything before sending.

  4. #244
    Seasoned Veteran nbafan88's Avatar
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    ^ most important thing in this thread.

    Do not get fucked over by a transposition error. The money will most likely be lost in the abyss.

  5. #245
    Gobble Gobble kjohnson109's Avatar
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    So I use Chase for my banking, no Bueno?

  6. #246
    Seasoned Veteran nbafan88's Avatar
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    Funds are in my coinbase account.

    Now I need to calculate how much to transfer. Blockchain had the function where you click a button to transfer the max possible. But on coinbase you need to play around with it so it incorporates the fees properly


    Be careful not to BUY when you are looking to SELL... the tabs on top could get you mixed up.


    Just dont rush.
    Last edited by nbafan88; 04-19-2016 at 02:01 PM.

  7. #247
    Seasoned Veteran nbafan88's Avatar
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    Quote Originally Posted by kjohnson109 View Post
    So I use Chase for my banking, no Bueno?
    Thats what I read from many posts on Reddit. Coupled with the article from the CEO... I wouldn't.

  8. #248
    Seasoned Veteran nbafan88's Avatar
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    People were saying local credit unions were a good option. I'd open another bank account if chase is your only bank right now. Find one with no minimum balance required

  9. #249
    Seasoned Veteran nbafan88's Avatar
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    Completed!


  10. #250
    Varsity Player Eric8923's Avatar
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    Think I am gonna clean out my 5Dimes account while I still can. Will have to find a new book come football season. I have a few months though. I'm just ready for sports betting to be legalized in the United States.

  11. #251
    Gabibbo's Finest Joe Public's Avatar
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    Every time I see this thread bumped up I worry that's the day 5D ends for good. But I'm happy to see all the good info on BC being posted even if I've yet to take advantage of it.

    I'm just ready for sports betting to be legalized in the United States.

    Ditto this. Sadly, not much momentum going our way on this right now.

  12. #252
    Seasoned Veteran nbafan88's Avatar
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    If you're going to clean out your 5d account, you shouldn't want to go to any other online book imo

    There's nothing that 5dimes is at risk for that every other online sportsbetting website isnt... if sportsbetting is legalized.... the feds will have to do something about all these online books.... i dont know why everyone is panicking about 5d

  13. #253
    2015 CTG MLB Contest Champion mogo's Avatar
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    Scarf, why would we need to secure our wallets if we aren't holding any btc in them for too long?

  14. #254
    Seasoned Veteran nbafan88's Avatar
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    Quote Originally Posted by Joe Public View Post
    Ditto this. Sadly, not much momentum going our way on this right now.

    I disagree.... it will be discussed in a hearing in Congress....

    that's momentum


    It's just a matter of time.

  15. #255
    CTG Super Moderator scarf31's Avatar
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    Quote Originally Posted by mogo View Post
    Scarf, why would we need to secure our wallets if we aren't holding any btc in them for too long?
    Because you're looking for as much security as possible. It is very easy for people who know what they are doing to be able to access information on our phones and/or computers. I personally just from an app on my phone for Dunkin Donuts that autoreloaded, 6 weeks ago, someone was able to crack into my phone, get my login and pw info and charge $400 trying to buy all sorts of crap at a DD location over 1000 miles away from where I live. If I have an option to be extra secure, especially using online currency and I don't care for how long, I'm going to do it. Just me, but I can't state that everyone has to do it if they would rather not...just my personal preference.

    Also, if you don't have a security code on your wallets and you hook your bank up to them, anyone that could be on your phone or who could get access to your computer could make any type of ridiculous transaction they wished to a BTC address you didn't know...you'd have no idea where the money went and there'd be nothing you could do about it.

    So the answer is twofold, mogo. 1. For extra safety while you're actually using it. and 2. to make sure some crackhead hacker (or someone using a shared device) didn't try to load funds from your bank account to the wallet so they could steal your money.

  16. #256
    CTG Super Moderator ~1987's Avatar
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    Without knowing the intricacies of it all, I think using a Chase option should be fine, despite Dimon being clearly against it as of now. Though it is undoubted that if a big bank like JP Morgan goes against it, Washington will side with a big bank.

    To get more into specifics on how the US government can bring an end to Bitcoin, it's pretty simple. The day they make it illegal, the market instantly plummets and your Bitcoins suddenly become worth far less than what they were worth yesterday. Second, American businesses will no longer accept bitcoin, now you run into the problem of lack of convertibility. Third, almost assuredly, at the very least Europe would follow suit into making it illegal. The result would be that Bitcoin would be like a failed central bank. Bitcoin would suffer hyper inflation. Because Bitcoin isn't real there are just a ton of problems that have the potential to happen in the near future. That's why some people call the whole thing a Ponzi scheme. It's interesting to me.

  17. #257
    Gobble Gobble kjohnson109's Avatar
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    Well we agree that Dimon is actually the most powerful man in the free world

  18. #258
    CTG Super Moderator ~1987's Avatar
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    He's at least in the top 10

  19. #259
    Seasoned Veteran nbafan88's Avatar
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    2 factor authentication is a beautiful thing

  20. #260
    Varsity Player Eric8923's Avatar
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    It may be an overreaction, but I think I'm towards the end of my online sports book endeavors. May look into uncharted territories as football season approaches.

  21. #261
    Fairway to Heaven crawdads's Avatar
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    I requested a 750 wd on Monday. They said no. I said ok, what can i do. They said $499. I said ok. They gave me a money gram, picked up my cash. We are good.

    I got nervous and wanted to wd all of it. I don't think it's wise to hold 5 to 10k in a sportsbook that could go out of business at any time and leave you SOL, unless 5 to 10k isn't that big of an amount for you. I typically bet between 100 to 300 a golf match. So I wouldn't need 10k imo.

    They've always been a legit book where I have never had issues. I've probably done 12 withdraws over 10 years and maybe two deposits. First class book. It would be shame to see them go away.

  22. #262
    Fairway to Heaven crawdads's Avatar
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    Quote Originally Posted by Eric8923 View Post
    It may be an overreaction, but I think I'm towards the end of my online sports book endeavors. May look into uncharted territories as football season approaches.
    I felt the same way. You never want to be the last one standing when the music stops.

  23. #263
    Nostradudmus dudleysdad's Avatar
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    Crawdads,
    I have accepted the only way to get money out is MG. I am blacklisted so I have a friend who picks it up. Hassle for sure..
    i guess $400 a week is okay even if u get up a few grand. They took away the atm card option which was amazing.

  24. #264
    Redshirt Senior hare1994's Avatar
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    Quote Originally Posted by scarf31 View Post
    This is 100% accurate. I've done it this way for months for not so small amounts and have never had an issue. Once you get the hang of it, it is hands down the easiest way to do things.
    What's the most your have withdrawn using bitcoin?

  25. #265
    CTG Super Moderator scarf31's Avatar
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    Since I don't love keeping a large amount of fundage in online books (even as reputable as some of them are), I keep a large portion of my bankroll not on the sites I use. So this morning I made a small deposit just to fund my books to a level I am comfortable being at...so I sent over 300. From the time I deposited to CB, moved to BC and transferred to the Books, the total length of my wait was 15 minutes.

  26. #266
    CTG Super Moderator scarf31's Avatar
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    Quote Originally Posted by hare1994 View Post
    What's the most your have withdrawn using bitcoin?
    Hare, here is how I will answer that question. I use only top-rated well thought of sportsbooks...I have made the daily maximum withdrawal using BTC multiple times, and have in fact made the max daily withdrawal more than once in a week with zero issues whatsoever.

    For those who are unfamiliar...the books have a daily and weekly max you can deposit and withdraw.

    So for example, Book A has a daily w/d max of $3 and a weekly max of $10....I have had weeks where I withdrew $3 on separate days (during that same week) without any problems. I could've made a $3, $3, $3 and $1 w/d during a week should I so have chosen, but that is the best way I will keep it very vague.

    Check out some of the books who use this method and see their limits for weekly and daily transactions. Any other questions, I would be glad to answer via PM.

  27. #267
    Seasoned Veteran nbafan88's Avatar
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    The funds are still not in my bank account

  28. #268
    CTG Super Moderator scarf31's Avatar
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    Quote Originally Posted by nbafan88 View Post
    The funds are still not in my bank account
    Not knowing what books you use, NBA...I would check with the CS reps and ask what the timeframe is for them to process transactions and if everything was in process properly and go from there. Sometimes I have been told there is a queue for how W/D's are processed and funds are sent out in the order they receive the requests. I'd still check with them though...it couldn't hurt.

  29. #269
    #Trending D-Woww's Avatar
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    this is way too complicated and i have zero desire to use bitcoin. such BS that we have to jump through these hoops. but its gonna be local only for me until they just make this stuff legal

  30. #270
    CTG Super Moderator HUNT's Avatar
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    It's really not that complicated. Just takes effort if you really want it Imo.

    I cashed out courier last week.

    A lot of this is paranoia Imo.

  31. #271
    Gobble Gobble kjohnson109's Avatar
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    Carrier pigeon ftw

  32. #272
    CTG Super Moderator HUNT's Avatar
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    Having said that.. I am going back to mg in small increments like dudley. Don't even want to deal with checks with the new processors.

  33. #273
    2015 CTG MLB Contest Champion mogo's Avatar
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    Called last night for an update.

    Was told my check was sent out to my home address on Friday, 4/15. That I should expect up to 10 business days to receive it. That makes no sense no me why courier delivery would take that long, but whatever.

    I'll update again once received .

  34. #274
    Seasoned Veteran nbafan88's Avatar
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    Quote Originally Posted by scarf31 View Post
    Not knowing what books you use, NBA...I would check with the CS reps and ask what the timeframe is for them to process transactions and if everything was in process properly and go from there. Sometimes I have been told there is a queue for how W/D's are processed and funds are sent out in the order they receive the requests. I'd still check with them though...it couldn't hurt.

    My sell of bitcoins in coinbase went through yesterday and the message said it should be in my bank account today. Don't know if I should wait or contact coinbase... If that's even possible

  35. #275
    CTG Super Moderator scarf31's Avatar
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    Quote Originally Posted by nbafan88 View Post
    My sell of bitcoins in coinbase went through yesterday and the message said it should be in my bank account today. Don't know if I should wait or contact coinbase... If that's even possible
    NBA...I know that when I first started I had the account open and used very small amounts because I believe that it takes like 30 days or 60 days to raise instant buy limits on buy/sells.

    Try this link and use the live chat feature if you can...maybe this will help...not sure how else to be of assistance.

    https://support.coinbase.com/customer/portal/emails/new

  36. #276
    Seasoned Veteran nbafan88's Avatar
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    The coinbase website says 2-4 days for transfers to your bank. Not sure why it said today. Regardless if all goes smooth I'm very happy with the process

  37. #277
    Nostradudmus dudleysdad's Avatar
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    Quote Originally Posted by HUNT View Post
    Having said that.. I am going back to mg in small increments like dudley. Don't even want to deal with checks with the new processors.
    Since no one ever replies to this question. I will ask u hunt
    have u ever tried a money order withdrawal from 5dimes?

  38. #278
    Seasoned Veteran nbafan88's Avatar
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    Funds deposited. Took 2 days.

  39. #279
    2015 CTG MLB Contest Champion mogo's Avatar
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    Finally received my check lat night. Depositing today.

    Will update if issues but hopefully this is the end of all this shit.

  40. #280
    CTG Super Moderator scarf31's Avatar
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    Quote Originally Posted by nbafan88 View Post
    Funds deposited. Took 2 days.
    Now that you've gone through the process, NBA...would you use that method again?

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