Just a quick bitcoin withdraw question

Savatage79

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Jul 25, 2016
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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?
 
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Dave

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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.
 

Savatage79

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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?
 

Dave

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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 do not have permission to view link Log in or register now.

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.
 

Savatage79

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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!
 

Alexander Mellor

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5 Terrick Rd ELAN VILLAGE LD1 3UR
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 do not have permission to view link Log in or register now.

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.

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
 

Dave

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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.
 

Savatage79

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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
 

mina1929

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Even into your bank account? Going into my btc wallet is quick, but from wallet to bank is like 2 to 3 days.

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:
 

Savatage79

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Pittsburgh
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:

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
 

Alexander Mellor

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5 Terrick Rd ELAN VILLAGE LD1 3UR
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.

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
 

Savatage79

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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?
 
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Dave

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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

Maybe try Bitcoin Cash (BCH). I have a list of BCH-friendly casinos on the homepage of Moolah Casino.

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?

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.
 

Savatage79

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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!
 

Savatage79

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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
 

RobC

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Balaclava, Victoria
Maybe try Bitcoin Cash (BCH). I have a list of BCH-friendly casinos on the homepage of Moolah Casino.
Just tried the link to Moolah Casino.
Web page wont load.
Managed to view Googles Cache to get the list of BCH casinos

I am in Australia and wish to embark on using BCH
No wallet yet, and 'no clue' as to what to do.
Do we have any tutorials (or informative links) for Aussies desiring to use crypto (eg BCH) for casinos, but don't know where to start
 

mina1929

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Jun 13, 2015
Location
Universe
Just tried the link to Moolah Casino.
Web page wont load.
Managed to view Googles Cache to get the list of BCH casinos

I am in Australia and wish to embark on using BCH
No wallet yet, and 'no clue' as to what to do.
Do we have any tutorials (or informative links) for Aussies desiring to use crypto (eg BCH) for casinos, but don't know where to start

You can send me a private message if you like and I can help you with setting up wallet etc. Coinjar is a good one to use for us in AU :)

I use Bitcoin myself and once you get the hang of it its easy :)
 

VismundCygnus

Full Member
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Feb 14, 2018
Location
London
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.

Not sure where you're playing, I've had free withdrawals and deposits with low to instant transactions for ages on most places I play.
 
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