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Just a quick bitcoin withdraw question

Discussion in 'Slots Discussion' started by Savatage79, Jun 24, 2018.

    Jun 24, 2018
  1. Savatage79

    Savatage79 Experienced Member

    Occupation:
    Contractor
    Location:
    Pittsburgh
    I'm not mr bitcoin much yet but just to clarify, to avoid fees do I send to my gdax first from a casino, then to my coinbase and then from there push it into my bank account?

    Also, what's the difference betreen bitcoin and bitcoin cash?
     
    Last edited: Jun 24, 2018
  2. Jul 1, 2018
  3. Dave

    Dave Engineer webmeister

    Occupation:
    Webmaster
    Location:
    North America
    From GDAX, you should be able to transfer directly to your bank account without having to send it to Coinbase first.

    Bitcoin Cash is faster than Bitcoin, and the fees are basically nonexistent with Bitcoin Cash. I prefer Bitcoin Cash.
     
  4. Jul 1, 2018
  5. Savatage79

    Savatage79 Experienced Member

    Occupation:
    Contractor
    Location:
    Pittsburgh
    Oh yea? I'll have to try bitcoin cash.

    Now when I go to gdax, it says coinbase pro... It all should work the same correct as it did when it was gdax?
     
  6. Jul 1, 2018
  7. Dave

    Dave Engineer webmeister

    Occupation:
    Webmaster
    Location:
    North America
    Yes, that's right -- it's just a re-brand. GDAX --> Coinbase Pro.
     
  8. Jul 1, 2018
  9. Savatage79

    Savatage79 Experienced Member

    Occupation:
    Contractor
    Location:
    Pittsburgh
    Are there any downsides to bitcoin cash?
     
  10. Jul 1, 2018
  11. Dave

    Dave Engineer webmeister

    Occupation:
    Webmaster
    Location:
    North America
    The only downside is that (for now) fewer places accept Bitcoin Cash -- but this is quickly changing. More and more brands are adding support for Bitcoin Cash (BCH), and large companies like Expedia are actually dropping support for legacy Bitcoin (BTC) because of the high fees, long delays, and because the transactions may or may not go through.

    Here is an interesting article about Bitcoin Cash's recent block size upgrade to 32 MB: You must register/login in order to see the link.
    unlinked URL: news.bitcoin.com/32mb-blocks-means-bitcoin-cash-is-prepared-for-mass-adoption/

    If there are any casino operators reading this -- if you haven't added support for Bitcoin Cash (BCH) yet, you should.
     
  12. Jul 1, 2018
  13. Savatage79

    Savatage79 Experienced Member

    Occupation:
    Contractor
    Location:
    Pittsburgh
    Very cool guys, thanks for the info... Bitcoin cash it is. I had seen the option at the places I play but just didn't know, thanks!
     
    Dave likes this.
  14. Jul 9, 2018
  15. Yeah, but why gambling users should to use crypto?
    when I want to deposit money I have a problem with huge fees for crypto transaction
    so if you put 1000 and more it is reasonably if not - you'll lose
     
  16. Jul 9, 2018
  17. Dave

    Dave Engineer webmeister

    Occupation:
    Webmaster
    Location:
    North America
    Gamblers should use crypto because it's faster and cheaper than other options. If you are okay with paying huge fees to banks and other processors, and if you like waiting days or weeks, continue using those methods -- but if you're sick of being gouged and sick of waiting forever, crypto might be for you.

    If you (Alex) are getting hit with high fees, it might be because (1) the casino is adding fees unnecessarily, or (2) you are using the original Bitcoin (BTC) instead of Bitcoin Cash (BCH). Transactions with legacy Bitcoin (BTC) can be expensive and slow, and may not always go through, but the newer Bitcoin Cash doesn't have that problem.

    "Crypto" doesn't just mean "Bitcoin" -- there are hundreds of different cryptocurrencies out there -- but only about a dozen of the most popular currencies are accepted at certain casinos.
     
  18. Jul 9, 2018
  19. Savatage79

    Savatage79 Experienced Member

    Occupation:
    Contractor
    Location:
    Pittsburgh
    I gotta say tho even tho checks aren't popular, places like sloto do overnight, I cash it and it's in my account at 12 pm with zero fees of anything of that nature. It works for me.. I mean they mail the checks within a day or two. I still need to wait for btc to process so it's 6 one half dozen the other, and no fees.. So I generally stick up my old school checks when I can lol
     
  20. Jul 10, 2018
  21. mina1929

    mina1929 Senior Member

    Occupation:
    Food Catering
    Location:
    World
    I have been using bitcoin and works great for me, the money is in my account the next day :)
     
  22. Jul 10, 2018
  23. Savatage79

    Savatage79 Experienced Member

    Occupation:
    Contractor
    Location:
    Pittsburgh
    Even into your bank account? Going into my btc wallet is quick, but from wallet to bank is like 2 to 3 days.
     
  24. Jul 10, 2018
  25. mina1929

    mina1929 Senior Member

    Occupation:
    Food Catering
    Location:
    World
    Yes, depending on the time you do it.

    I withdrew to Blockchain Monday morning and from Blockchain to Coinjar, then I transferred to my bank account and was in my bank on Tuesday :)

    Another lot I withdrew on Friday and because of the weekend I received it on Tuesday so not bad at all :thumbsup:
     
  26. Jul 10, 2018
  27. Savatage79

    Savatage79 Experienced Member

    Occupation:
    Contractor
    Location:
    Pittsburgh
    That's definitely better than what I'm experiencing with gdax and coinbase. Unless I'm doing something wrong.

    It might be the casinos also, slotocash is fairly quick to send me a check but I withdrew last night with btc because I already have a check coming this morning and they said 48 hours for the processing and then 48 to hit my account. So I'm not sure
     
  28. Jul 10, 2018
  29. no problem I agree with you, just give me an example with crypto witch better and faster than pure money
    I used Etherium, XRP, Btc
    cryptos witch has small capitalization unclaimed for casinos, at least I didn't see not one casino with this options
    So give, please, few cryptos, and I'll use it with joy
     
  30. Jul 12, 2018
  31. Savatage79

    Savatage79 Experienced Member

    Occupation:
    Contractor
    Location:
    Pittsburgh
    So I sent a 1000 into my gdax, then into coinbase then into my bank account. I lost about 37 bucks in fees, are there any other tricks to avoid that much of a loss?
     
    Last edited: Jul 12, 2018
  32. Jul 12, 2018
  33. Dave

    Dave Engineer webmeister

    Occupation:
    Webmaster
    Location:
    North America
    Maybe try Bitcoin Cash (BCH). I have a list of BCH-friendly casinos on the homepage of Moolah Casino.

    Actually, yes! :D

    If you transfer from GDAX directly to your bank account (and vice versa), it's free. There is no need to transfer it to Coinbase first. Just use GDAX only -- which is now known as "Coinbase PRO," by the way.
     
    Alexander Mellor likes this.
  34. Jul 12, 2018
  35. Savatage79

    Savatage79 Experienced Member

    Occupation:
    Contractor
    Location:
    Pittsburgh
    Ahhh ok, yea I didn't know how to attach or xfer it straight from gdax. Awesome I'll look to set that up next. Thanks!
     
  36. Jul 12, 2018
  37. Savatage79

    Savatage79 Experienced Member

    Occupation:
    Contractor
    Location:
    Pittsburgh
    One last question, on coinbase pro mobile, is the option to add a bank account there or does it need to be from a desktop? Not seeing the option
     
  38. Jul 12, 2018
  39. Dave

    Dave Engineer webmeister

    Occupation:
    Webmaster
    Location:
    North America
    Sorry, I don't know. I set mine up on a desktop a long time ago.
     

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