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
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.
^ 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.
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.
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
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.
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.
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
Scarf, why would we need to secure our wallets if we aren't holding any btc in them for too long?
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.
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.
Well we agree that Dimon is actually the most powerful man in the free world
He's at least in the top 10
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 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.
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.
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.
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.
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
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.
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.
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 .
Try this link and use the live chat feature if you can...maybe this will help...not sure how else to be of assistance.
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
Finally received my check lat night. Depositing today.
Will update if issues but hopefully this is the end of all this shit.
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