Bitcoin thoughts

[dreamguardian1]

So I am seeing a lot of people now using Bitcoin, ive made a few payments to people throught it. But wondering from the US players how fast they are getting their cash when they do a withdrawal of winnings from the casino to bitcoin to their accounts. Feedback thoughts?

 

[gsx600]

I personally like it. Being in the US, we wait a while for cash outs compared to other countries. So once withdrawal has been approved(which differ from casino to casino) payout is quick. Normally once payout is approved other payout methods can still take a couple days.

 

[dreamguardian1]

Do places like Club World group take bitcoin?

 

[ultra100]

It differ from casino to casino, but it’s definitely quicker than most payment methods. In some cases, almost instant. (last time I withdraw via BTC it took about 10 hours including account verification process)

 

[ultra100]

Do places like Club World group take bitcoin?

As far as I know, they do not accept it atm.

 

[Googobucs]

I use bitcoin at a bit coin casino (Bitstarz) and my withdraws back to my wallet are fast. Usually within the hour but I've had as fast as 15 min. and as long as 3 hours. It then usually takes up to 3 days do get the funds back to my bank account.

I think every casino probably has their own process. Most RTG's have that 24-72 hr pending period before they process and I do not see any indication that this is waived for Bitcoin.

 

[KasinoKing]

I know I'm not in the USA, but I have recently started using Bitcoin too.
At first it does seem VERY complicated, but the more you do it the simpler it becomes - like anything really!

Cash-outs from the casinos are very fast, but my first withdrawal from Kraken to my bank took SIX days, which was surprising & disappointing.
I don't know if this is typical (I hope not!) or whether my bank was the holding factor.
Time will tell...

KK

 

[09237653]

Do the casinos still take deposits from normal methods like bank cards or do you need to source the BTC yourself to then make the deposit?

Same question with cashing out do they send bitcoins to your BTC wallet or do they send the cashout as "real" money to the bank?

 

[Deanna]

I deposit using credit cards and take my payout via Bitcoin. It takes 2 days for the casino to "process" the payment but the morning they do it's in my blockchain account immediately. I then transfer it from my blockchain to my wallet (takes about 10 minutes to show up) and then from there to my checking. Every time I've done that it's been there the next day. So from the time I withdraw it's been 3 days total to get it back into my checking account. As a US player, to me that's the way to go. It was confusing at first but I agree with KasinoKing, the more you do it the simpler it becomes!

 

[dreamguardian1]

Yes, just getting started appears to be a nightmare from what I can tell but will get through it somehow lol. Just more and more BS and hoops for us U.S. players to jump through with the casinos. Its funny they have NO problems taking our money for deposits, it is instant, but us getting our winnings takes an act of god.

 

[danidavidson]

I've never used them before, but I have heard a lot of good things about them. I mean it seems like they are now becoming more and more popular, so I might end up trying it out and looking into them more.

 

[reda]

I started a bitcoin account. but it was confusing to me and I gave up on that too.

 

[KasinoKing]

Do the casinos still take deposits from normal methods like bank cards or do you need to source the BTC yourself to then make the deposit?

Same question with cashing out do they send bitcoins to your BTC wallet or do they send the cashout as "real" money to the bank?

As you are in the UK, I wouldn't think you would need to get involved with BitCoin at all - you have dozens of easier methods to use: if you don't want to use your credit or debit cards, then you can use Neteller or Skrill instead - both much easier than BitCoin.

I only started using it myself because I promote a couple of casinos on my website who now ONLY pay their affiliates by BitCoin.
For my actual casino play I still use cards, Neteller or Skrill to deposit & withdraw.

KK

 

[ChrisNobles]

You Gotta Get One Of These. Then You are set!

BitPay Visa Card. Initial cost of card...$10.00

1. Available in all 50 US states.

2. Load dollars from any bitcoin wallet, instantly.

3. You can withdraw up to $3,000 in cash daily from any ATM with the Visa logo.

4. Kick ass exchange rates. Very competitive.

So....Withdraw winnings from casino to your btc wallet....Load your BPayVisa...Drive to your nearest ATM...I think you get the idea. Done and Done.


GL to All.

 

[lnspin]

For those of you using the Bitpay visa card, be careful, they closed my account for using the ATM too much.

Dont know how i used it too much, as the card has a daily limit, so i was within terms.

 

[ChrisNobles]

Good to know

For those of you using the Bitpay visa card, be careful, they closed my account for using the ATM too much.

Dont know how i used it too much, as the card has a daily limit, so i was within terms.

Now that is good information for sure. Good to know. Thanks.