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Author Topic: Deposit Altcoins and withdraw bitcoin?  (Read 331 times)
ETHFEEdeath (OP)
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July 04, 2018, 08:42:39 PM
 #1

Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.

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July 04, 2018, 09:46:41 PM
 #2

Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.


Not only sportsbooks but as far as I know none casino/dice will allow you it in reality. It will make doubts that you launder money and possibly won't let you to withdraw funds, your account will be blocked and they'll ask you to provide KYC documents (Know Your Customer) which includes ID scans and a lot. Also they aren't exchangers and their exchange fee will be much higher than others.

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July 04, 2018, 10:03:19 PM
 #3

Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.


Not only sportsbooks but as far as I know none casino/dice will allow you it in reality. It will make doubts that you launder money and possibly won't let you to withdraw funds, your account will be blocked and they'll ask you to provide KYC documents (Know Your Customer) which includes ID scans and a lot. Also they aren't exchangers and their exchange fee will be much higher than others.

hmmm as I know you can deposit some alts to Betcoin and they will convert them to chips depending on the trading price , so you can deposit altcoins and they will credit your balance as btc then you can withdraw whatever coin they have after that
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July 04, 2018, 10:22:12 PM
 #4

hmmm as I know you can deposit some alts to Betcoin and they will convert them to chips depending on the trading price , so you can deposit altcoins and they will credit your balance as btc then you can withdraw whatever coin they have after that
That's also the only sports book that can give what OP is looking for.

You can rumble also those deposits or vice versa in there but it's a red flag for me so I don't use them.

Their thread --> https://bitcointalk.org/index.php?topic=1616139.0 is still active but I see only them posting there.



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ETHFEEdeath (OP)
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July 05, 2018, 02:30:09 AM
 #5

How many of these gambling sites promoting bitcoin are actually filing their KYC b.s! Its a excuse to give the customer the run around and build a issue where there should not be one. Most pretend or do operate in Countries outside the grasp for the most part.

Shady or not it would be a nice feature for a book to have to eliminate more fees. I also like having less jumps in my funds getting to my hand.

Betcoin is a no go for me as well. They did some funny stuff with withdrawals a few to many times for my liking. Did think of them when I typed but they can back you up at least 12 hours sometimes with a request of payment.

Thanks.
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July 05, 2018, 05:59:05 AM
 #6

Fairlay lets you deposit altcoins and withdraw in Bitcoin. They have an exchange but afaik they won't allow you to withdraw alts. One thing that is annoying with fairlay is they'll lock a portion of your funds, if you win a bet the total amount will be on hold for 24 hours.

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July 05, 2018, 06:58:06 AM
 #7

No, there is not sportsbook that allows that, or in fact any type of casino. You always only withdraw what you have deposited. Unless it has an exchange function, in which case, this is simply an exchange within a casino. On 999dice there are several bots that exchange currency, between Bitcoin and 5 alts. But what I'm curious to know is, why would you want to do that?

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July 05, 2018, 08:24:11 AM
 #8

Impossible not to have any withdraw/convert fees, otherwise people would be flooding to that sportsbook just to take advantage of arbitrage in exchange trading.

I will add here BitcoinRush as a future possible sportsbook that allows this. This is because it will soon be fully integrated with MoneyPot exchange Nessie... I believe the idea is that any coin listed on Nessie will be useable in their casinos and sportsbooks. Presumably, you'd be able to deposit any coin, gamble, exchange and withdraw Bitcoin.

CGN supports 9/10 coins and can be exchanged instantly for Bitcoin to withdraw, though that's not a sportsbook.

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July 05, 2018, 12:22:16 PM
 #9

i would think this would also be very risky for the site owners as they would end up fighting with the exchange rate and would not be profitable
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July 05, 2018, 01:03:59 PM
 #10

Just use bitcoin, the fees right now are extremely low.  I sent a transaction yesterday with only a 2 cent fee and it was confirmed very quickly.  Now imagine if Lightning gets implemented, we can use btc for everything instead of alts since we won't have to worry about high fees.
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July 05, 2018, 01:22:12 PM
 #11

You can deposit ETH or Litecoin, then transfer to your altcoin wallet and then change to Bitcoin through various changers. For example, through instant exchanges - https://changelly.com/ or https://www.shapeshift.io/
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July 05, 2018, 03:29:10 PM
 #12

Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.

I'm curious to know, why you want to do that while it is so simple to convert your eth/ltc or other alts to bitcoin and you will be able to deposit with bitcoin. Even if there is sportsbook or a gambling site lets you to do it, I guess the exchange rate will be under the global rate which means that you may get less amount.

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July 05, 2018, 04:26:52 PM
 #13

I don't know about sportsbook. There are a couple of casinos which offers conversion of alt coins to Bitcoin and vice versa. Duckdice has this option where you can convert your coins to available alt coins or Bitcoin. Moreover Stake.com has ShapeShift integrated to their website where you could get Bitcoin for altcoins.

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July 05, 2018, 04:37:52 PM
 #14

Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.

I'm curious to know, why you want to do that while it is so simple to convert your eth/ltc or other alts to bitcoin and you will be able to deposit with bitcoin. Even if there is sportsbook or a gambling site lets you to do it, I guess the exchange rate will be under the global rate which means that you may get less amount.
He already said up:

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.

which basically he do tried to avoid fees on such conversions which I don't think up such one to have that feature because anything that do need conversions will definitely have fees involved.

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July 06, 2018, 08:10:07 AM
 #15

Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.



If with out having to withdraw/convert or trade,drawing fees in the process, the website can kosses due to exchange rate
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July 08, 2018, 04:28:59 AM
 #16

Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.

I'm curious to know, why you want to do that while it is so simple to convert your eth/ltc or other alts to bitcoin and you will be able to deposit with bitcoin. Even if there is sportsbook or a gambling site lets you to do it, I guess the exchange rate will be under the global rate which means that you may get less amount.

Somehow OP are trying to bet with eth and ltc but instead of losing much then he will try to convert it to altcoin or bitcoin for make sure it is acceptable every where. Or this is what I thought, money laundry is the best answer to cover everything

If it possible for OP, may be you need to try to play not with sportbook but casino games, may be you will find the best option there, you can do shapeshifting too while you are betting. But to have directly change without using shapeshifting then you are not allowed on every single site
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July 10, 2018, 06:20:45 PM
 #17

you can do it at fairlay as far as I know
but if you want to simply convert your coins you can try any of the gambling sites that have inbuilt exchanges
Bitsler has one,but you need to level up before you can use it,yolodice has one and duckdice has one as well
if you want to save on the fees,the lowest withdrawl fees are at yolodice,but they take % for the exchange
the best exchange rate i found was at bitsler and only 20k satoshi to withdraw bitcoins to your wallet

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fullhdpixel
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July 17, 2018, 07:22:05 AM
 #18

Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.


You can do this but at one purpose? I mean the process takes up time and money, how would anyone offer that service to you and not make any losses? If you want to keep going with this that means you want to save up on the fees and put that burden on the gambling websites.

I am sorry but that would never happen because they are a business at first and the first job of a business is to make profits and they will not be making profits if they kept losing money on fees.

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JL421
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July 17, 2018, 03:40:59 PM
 #19

If you wanna do that try yolodice, i haven't really heard any sort of kyc bullshit that they ask for but the main issue is you can't covert huge amount of funds as the bankroll for exchange isn't high enough

I think we need more sites for altcoins as well to mix coins, i have used chipmixer and feel that something like it is surely possible in altcoins as well
btctalk4life
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July 17, 2018, 05:18:30 PM
 #20

Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.



I never saw a sportsbook that allow you to deposit alts and withdraw in bitcoin and almost all sportsbook is only accepting bitcoin as the main currency. I don't know about the casino, maybe you can find a casino that allow that because casino usually accept eth too.

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