Bitcoin Forum

.....there are any sportsbooks out there that allow you to deposit with a card and withdraw to a bitcoin wallet and vice versa?
Thanks in advance.

Why don't you just buy the BTC with your cc and then deposit them?
VirWox

I know FJ has an option to deposit with your cc, you can just withdraw the BTC
It's not a sportsbook though..

Why would you wanna do that ? I can see couple of loopholes with the process that might land you in trouble if gambling is totally prohibited in your country.
 - You deposit on a sportsbook with your card that is ultimately linked to your bank account.Bank can certainly trace where your funds went.
 - Even if you withdraw using bitcoins,I'm pretty sure you will want them back in fiat.
 - Sounds like money laundering to me.And that's what the banks would think.
 - Instead,just use exchanges to buy bitcoins using your card and gamble after.

I don't think there are any sportsbooks that will allow this but why don't you just go with cex.io there you can purchase bitcoin with your credit card which you can than bet on any bitcoin sportsbook or casino.

There definitely are sites out there that allow that.  As a matter of fact some sites require that you withdraw in bitcoin.  I know my cousin just recently had to set up Bitcoin in order to get money from his account.  I'll double check what betting place he is using and let you know when I hear.

I doubt it, It will be very high risk for a casino to take. look for a way to buy bitcoins with your card then deposit into any bitcoin casino of your choice.
Could you please post any such website?

Please do this and let me know
Cheers

From what I understand even if some site allows this, you will be limited to how much you can withdraw.

If you want to buy a large amount of bitcoins with your credit card you will have to use a broker like Coinbase but at first you will be limited to small amounts and you won't be able to withdraw the coins immediately anyways.

Don't be surprised they do this, its because bitcoin is non-reversable.

I don't think so that there will be a gambling crypto website that allows you to do this. And in your end, it's risky either you are exposing your information to the website using your card. They are protecting the identity of their gamblers and they are aware of this too. I know it's quite hassle for you to buy bitcoin first and just deposit it lately to a casino.


Show that casino as everyone is curious to know.

Yeah i agree with most users in here, it is impossible to get your card accepted in one of those sites, and you must know that you are not the first who asked that, a lot of people who bought stoled credit cards wanted to deposit money into an investment website, and then tried to withdraw that money on bitcoin for laundering them. There is nothing new with that, but maybe the owners of the site can suspect about your movements in there if you withdraw with bitcoins.
 

Usually, if the sport book is bitcoin denominated it stays that way. Though there are some gambling sites that accepts credit cards and bitcoins together, I believe you cannot mix them together. Since that would just be like, converting your credit card payments to bitcoins which I think they want to prevent due to a lot of credit card frauds.

Why dont you first buy bitcoin through card through local bitcoins exchange and then deposit in the sports book and do betting which is more secure and safe as you dont have to give any gambling records for the transaction in your card.

Yeah i dont think that there is any website like that accepting credit cards and then let you withdraw on bitcoins. Maybe they exists, but probably they wont let you deposit with cc and cashing out with btc because it is risky for them, and they would be lossing money if you do it.
Also they confirm that you are the real owner if you pay with cc, and probably they will ask you for your ID before cashing out with btc.

I think the ones that let you actually gamble with your CC basically assume all the risks involved and the risks are worth it for them.

They generally know that most likely the gambler will lose his deposit, and chances are they won't do a chargeback.

There are that do but that's I guess the write-off for them.

But if you deposit with CC and then try and withdraw BTC right away, I don't think that will work.

You could try

5DIMES
SBOBET

Both are accepting CC and have withdraw in bitcoin. But as you are depositing with CC, the bitcoin withdraw will not save you from KYC procedure and documents check.

Thanks a lot.
Much appreciated.

I've found a sportsbook betdsi.eu, you could try them. you can also find more sites, if you google it. :P

Hey TonyQ. 

Sorry for the delay but I finally heard back from my cousin.  He plays at Bovada, he is able to deposit money(USD) and actually he told me recently they made it mandatory to take back bitcoin.  So I think that site would have what you are looking for. 

Cheers

Yes you're right, they do do it.
Thanks a lot.

Yes, they also do what I was looking for.
Thanks for your help.

Problem is this kind of activity can be treated like washing money with withdrawing in different option.5dimes never respects to such kind of transfers and always blocks account in case of suspicious activity.