Since you can't send directly from Coinbase to Sportsbook, what middle man do you use?
My strategy:
Buy my coins on Coinbase --> withdrawal to Poloniex (free) --> withdrawal Poloniex to Sportsbook (.0005 BTC fee).
Withdrawal from Sportsbook (fee varies) --> Poloniex --> withdrawal Poloniex to Coinbase (.0005 BTC fee).
So at this rate, I'm paying .001 BTC to complete my transaction.
Does anyone else have a better (cheaper) method?
Thank you!
Why do you buy your coins at coinbase? The last time I checked, they had huge fees. That was about a year ago though, so they might've changed. However, Poloniex is not a good exchange. I don't get why you don't want to send directly from Coinbase to Sportsbook either... Anyways, here are my recommendations: -Buy directly from others at a low rate & send directly to sportsbook. -Buy from Coinbase, send directly to sportsbook. I don't get why you can't send from coinbase to sportsbook? You could also try buying lower-txfee cryptos for sportsbooks. I actually buy my coins at GDAX. Then withdrawal for free to Poloniex. Then withdrawal from Poloniex to sportsbook for a .0005 BTC fee. If you send directly from Coinbase (GDAX) to a sportsbook, your Coinbase (GDAX) account will get banned. |
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I recall you need to pay a fee when moving out of coinbase, not sure if that was still a thing since I never used coinbased when they had added a transaction fee. But basically you are doing a good job. Poloniex has one of the lowest fees right now to withdraw from the exchange, however, they might flag you though if you do not really trade and just use it for a wallet. Not to mention you are withdrawing and depositing from gambling sites. This could trigger AML policies.
Thank you for the response  I actually use GDAX, no $0 fees. I agree with you about Poloniex though, which is why I sometimes buy a few bucks worth of other coins. I know Coinbase (Gdax) is not gambling friendly. Can anyone say the same thing about Poloniex, which isn't nearly as regulated as Coinbase? I'd say they are fine with it. I've occasionally sent money to and fro Poloniex without problems. However, since I actually trade a lot, I don't get flagged, I am not sure if that would be the case if you mostly use them as a wallet for gambling. Just to correct your math there, poloniex charges 0.0001BTC. So you are actually just paying 0.0006BTC in fees moving your funds.
I guess they just changed it. Oh well. Good luck! Thanks again for chiming in! I'm curious what other people to when sending BTC to sportsbooks. Or does everyone use this same method? |
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I've been holding on to a few of them since the fork. I sold them off early for around $5, wish I hadn't. But long term this coin will not be able to compete with ETH |
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Don't be ridiculous, LTC will never die. As long as big brother BTC is alive and well, so will little bro LTC
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Following this correction (drop), I have bought more XRP and ETH. Both long term investments |
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Well first of all, your site screams scam as it's simply a login form. No one on here will use your site. Sorry
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I recall you need to pay a fee when moving out of coinbase, not sure if that was still a thing since I never used coinbased when they had added a transaction fee. But basically you are doing a good job. Poloniex has one of the lowest fees right now to withdraw from the exchange, however, they might flag you though if you do not really trade and just use it for a wallet. Not to mention you are withdrawing and depositing from gambling sites. This could trigger AML policies.
Thank you for the response I actually use GDAX, no $0 fees. I agree with you about Poloniex though, which is why I sometimes buy a few bucks worth of other coins. I know Coinbase (Gdax) is not gambling friendly. Can anyone say the same thing about Poloniex, which isn't nearly as regulated as Coinbase? |
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Back up to $200 where we belong. Has anyone sold off their Bitcoin Gold or are most of you just HODLing on for dear life?
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I wish you 3 will quit coming on here spamming for this crooked casino. They already did their damage and many players have already stop playing at bitcasino. There is no reason for you all to come here praising a place that is a known rogue.
I happen to enjoy this casino and no one paid me to shill here. Quick deposits/withdrawals and cooperative customer service. And the games are pretty bad ass looking. Would you mind to share us your stats in this casino to prove that you are really playing not just shilling? I know there are many pros and cons in almost all sites, so if you are in the pro side for bitcasino then it would be much appreciated to show some valid proofs. Otherwise, people will just think that you are paid shill which is a common practice in this gambling industry. No, that's ok. I'm just fine not sharing my personal stats with whoever the hell you are. If you take a look at my post history, you'll notice I contribute to this forum in more ways than one. As for calling me a shill, if by definition a shill is someone who supports a business and enjoys gambling, then YES I am the biggest shill. It's just as easy for me to call you guys post whores because every time you make a post, you get paid. Which can not be said about me. So what makes me a shill more than you? If you also look at one of the other posters you accused of being a shill, his post history looks like hes a developer/coder. Why would he shill? If someone enjoys Bitcasino and has never had any problems, are they a shill for posting their experiences? I happen to enjoy playing slots with my Bitcoin and enjoy this site. So deal with it and try to keep your false accusations to yourself. Thank you. |
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Since you can't send directly from Coinbase to Sportsbook, what middle man do you use?
My strategy:
Buy my coins on Coinbase --> withdrawal to Poloniex (free) --> withdrawal Poloniex to Sportsbook (.0005 BTC fee).
Withdrawal from Sportsbook (fee varies) --> Poloniex --> withdrawal Poloniex to Coinbase (.0005 BTC fee).
So at this rate, I'm paying .001 BTC to complete my transaction.
Does anyone else have a better (cheaper) method?
Thank you!
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Btctalk name ; Webetcoins
Rank ; Hero Member
Current post count ; 835
BTC Address ; 1PggNRXd6uXSvQhR8jzWLV3Bs7HneXmxbe
Wear appropriate signature ; yes
Wear avatar ; yes
This guy is a known scammer. No one should pay him for anything! |
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Anyone think this coin will get put on Coinbase? We already have Bitcoin Cash so why not this one?
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Guys yes the fee is not $20 anymore, but I've got BTC stuck at Nitrogen that I have to wait another 5 days before I can withdrawal for free. It's just not the same as it used to be.
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I wish you 3 will quit coming on here spamming for this crooked casino. They already did their damage and many players have already stop playing at bitcasino. There is no reason for you all to come here praising a place that is a known rogue.
I happen to enjoy this casino and no one paid me to shill here. Quick deposits/withdrawals and cooperative customer service. And the games are pretty bad ass looking. |
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I've been playing with Bitcasino now for almost a year with nothing but smooth sailing. I've noticed that there are tons of shills posting here and on the internet, but I have yet to experience any problems with withdrawals as many claim. I think it's really how you talk to people. As long as you're not out to scam this casino and can prove your identity, I consider it a solid A. If you have a problem identifying yourself, then this is not the place for you.
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Imagine if Nitrogen decided to support BCH, and we all received our BCH? That would be a major milestone for all of us, but sadly I don't see it happening  |
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Nitrogen withdrawal fees are going to be a major killer to the gambling industry. The major selling point for using this sportsbook is no more.
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As many of you have mentioned, let's not forget all that bitcoin cash that Nitrogen is holding.
Nitrogen is making money from this new $20 withdrawal policy, that I am certain of.
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Very interested in this project and the fundamentals behind it.
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Wish you luck on this new project, but it doesn't seem like something that many people will soon follow with interest. Already too many established betting shops.
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