Airbitz (glidera), Circle and Coinbase are fairly equal. Limits start off low and increase over time. Some may need all 3 until limits go up. If I were forced to pick one, I'd go with Circle. No fees and you can attach a debit card.
There's a chance of getting banned at Coinbase and Circle.
How low of limits are we talking in the beginning, how are your limits increased over time, and how long between each increase?
Sorry for so many questions but the limits must be extremely low if it is suggested one might need to sign up & use at least 3 early on...
Sorry for so many questions but the limits must be extremely low if it is suggested one might need to sign up & use at least 3 early on...
It is the only way to go. Have processed w/d's in the 5k-10k range in hours (hours from book to coinbase, 2 days from coinbase to bank) with zero problem.
Deposits are simple too.
Today I requested a 1500 w/d from one book, hit my coinbase and was cleared within an hour, turned around and deposited half at another book and half to my bank. The other deposit is already through and the transfer to my bank is slated to go through 5/11. $7 in fees.
Closest thing to Neteller since Neteller.
I'm not trying to avoid the question but things change fast in the bitcoin world and seem to be different for each individual. I'm not sure of the algorithms that are being used.
One nice thing is that selling bitcoins to your bank is high to unlimited. Buying can be limited. LibertyX is a nice way to buy in person.
Sorry for my ignorance, but so when you transfer funds to your bank, it's in bitcoins, instead of actual cash?
Are all banks accepting bitcoin now???
The bitcoins with be in your Circle account (whatever exchange that you are using), hit sell, the coins are converted to cash and the cash goes to your bank.
With Circle you have a choice of keeping money in dollars or bitcoins, If it's in dollars, that amount is transferred to your bank.
Comes in from book in bitcoin. Then you "sell" it, with the proceeds going to your linked bank account (or remaining inside coinbase in your USD wallet if you just want to sell the btc to avoid fluctuation but don't actually wanna transfer it...coinbase lets you hold USD too now). Assuming you're transferring, the proceeds from the sale show up in your bank account in USD.
You don't have to wait for a buyer or anything, the sale itself is instant. The sale price, which is based on the price of btc the second you hit sell, is locked in and honored through the waiting period. It takes 2 days for the proceeds to hit your bank account from a sale.
Here is what a set of transactions might look like. The first one (on bottom) is a payout from a book. The second one I transferred 800 to my bank account. Notice that it deducts btc from my account but transfers USD to my checking account.
The last transaction on top is me funding another book with bitcoin directly. I didn't have to sell bitcoin for that, so no fee.
The last transaction on top is me funding another book with bitcoin directly. I didn't have to sell bitcoin for that, so no fee.
Sooner or later you'll get banned transferring directly from Coinbase/Circle to sportsbook. Set up a wallet such as blockchain.info between Coinbase/Circle and sportsbook.
You can use an exchange such as Poloniex in the middle to wash the money. You'll need to do this at least one time. Coinbase/Circle may ask you who you do transactions with. You can show them that transaction with Poloniex (any exchange) and claim to be a trader.
You can use an exchange such as Poloniex in the middle to wash the money. You'll need to do this at least one time. Coinbase/Circle may ask you who you do transactions with. You can show them that transaction with Poloniex (any exchange) and claim to be a trader.
Excellent info fellas, much appreciated.
Are the limits only for deposits, or withdrawals as well?
Seems if you have already had bitcoin tranferred TO YOU, that there should be no limit on transfers to your bank....??
Are the limits only for deposits, or withdrawals as well?
Seems if you have already had bitcoin tranferred TO YOU, that there should be no limit on transfers to your bank....??
There's a trail on all transactions on the blockchain. The blockchain is a ledger to keep track of all transactions. Coinbase has all your personal information.
It doesn't seem that anyone has been able to determine how Coinbase determines sites used for gambling.
Note - The blockchain is different than the wallet blockchain.info
I've been using Circle and have not had any trouble sending money to sportsbooks.
But if you have trouble on Coinbase, just get a wallet like Blockchain.info then transfer the Bitcoin from Coinbase to Blockchain.info and then to the sportsbook.
Fairlay and Nitrogen are two good, reliable Bitcoin sportsbooks.
But if you have trouble on Coinbase, just get a wallet like Blockchain.info then transfer the Bitcoin from Coinbase to Blockchain.info and then to the sportsbook.
Fairlay and Nitrogen are two good, reliable Bitcoin sportsbooks.
