Leery of using bitcoin

[rena35]

I learned how to use bitcoin and chose circle as my wallet. Now that i can not use it to deposit i can not shake the feeling that it is not the best way to go to fund gambling. I had that feeling when i was using Circle too. I know it seems like a fix all way for us in the USA but i am not to sure about continuing to use it . Has anyone had any experience with coin base, block chain or paxel and if so, how is it going?

 

[lockinlove]

I use blockchain and never had any issues at all and I moved thousands of dollars around.

The one thing that sucks is you can lose money. You get paid and the prices drop and you lose. Or it raises and you earn. I cashed mine all out. 1 month later it increased by like $400. LOL. So I lost out on making an extra $1600

 

[labeled]

I use coinbase to purchase btc, then move it to blockchain for a layer of privacy. Then blockchain to wherever I'm playing, and back around all over again casino>block>coinbase to my bank and it works fairly well. You lose a few cents here and there in fees but that's fine.

I've had no problems.

 

[rena35]

I purchased my first bitcoin today and it was pretty easy. Now i wish someone would post a step by step how to move it from one place to the next if i win.

 

[labeled]

I purchased my first bitcoin today and it was pretty easy. Now i wish someone would post a step by step how to move it from one place to the next if i win.

Did you move it from coinbase to an independent wallet like blockchain.info? If not, do so now if you can to keep any hint of gaming away from CB. Then deposit using your BC wallet.

When it's time to cash out, you'll go to your BC page and hit the "receive" button; that creates a new transfer address. You enter that in your w/d info at the casino.

When you finally receive your money into BC, open up coinbase and go to the Accounts page. Next to your BTC Wallet will be a link to "Get bitcoin address." Send funds from BC to CB using this address.

When the money is in CB, go to the Buy/Sell page. On that page, select Sell. sell from your BTC wallet to the account of your choice. (You can add your bank accounts, credit cards, or Paypal. I'd stay away from paypal personally, they just get too nosy sometimes.) You'll pay a fee to "sell" but as far as I can tell it's the only way to withdraw.

I would love to be wrong about that sell fee, so hopefully someone else can tell us how to transfer from CB to a bank account w/out the sell fee!

 

[gsx600]

I have been using bitcoin close to a year absolutely no problems. Yes there is a sell fee when it goes back to checking account. I know there is a card you can put

your money to but you have to give all your information so I haven't done that. I do know at one point I had a good amount of money in it and it asked me if I wanted

to lock it in safe but I just put it back in my checking account. That must be a safeguard so you don't lose too much not sure because didn't use option. I have been on

lucky end of bitcoin. When I first bought it it was $421 and now over $1000. I have gone to bed only to have funds increase overnight.

 

[goatwack]

I once tried paying using BitCoin. The merchant just looked at me, scratched his head and said "That's no good here sonny, we don't accept that. We need the whole piece, not just a bit of shrapnel".

I left in disgust and vowed never to shop there again

 

[rena35]

I do not think i will ever need to deposit $1000 in bitcoins. I think i am one of the few gamblers who have played for years and never cleared more the a few hundred. Would be nice to enter the 3000x bet hall of fame :notworthy. I can't seem to even be a member at the 100x bet club. They revoked me . I don't know if this happens to anyone else but every time I log into block chain i have to do email verification. I actually did 2 small bitcoin transactions today and used coinbase to do them. I was not aware it is better to put them in block chain and then the casino account. From everything i read, it seems as long as there small deposits it should be ok.

 

[Deanna]

I do not think i will ever need to deposit $1000 in bitcoins. I think i am one of the few gamblers who have played for years and never cleared more the a few hundred. Would be nice to enter the 3000x bet hall of fame :notworthy. I can't seem to even be a member at the 100x bet club. They revoked me . I don't know if this happens to anyone else but every time I log into block chain i have to do email verification. I actually did 2 small bitcoin transactions today and used coinbase to do them. I was not aware it is better to put them in block chain and then the casino account. From everything i read, it seems as long as there small deposits it should be ok.

I think you can select someplace on Blockchain that it not require verification for like 30 days as long as you're on the same computer. I do my verifications via Instant Message and I got tired of doing it every time.

 

[rena35]

Block chain always sends me a new log in attempt msg to my gmail that i have to click on to enter their site. I will take the time to look around in the morning to see if i can figure them out. I am planning on making some deposits at a few places i have not played at in a while to see if i can win anything worth mentioning .

 

[KasinoKing]

I've been using BitCoin for about 8 months now and after the initial confusion over how the system actually works, I've had no problems.

You do need to keep an eye on the exchange rate though, because recently it's being doing a good impersonation of a yo-yo!
e.g. In mid-Oct 1Btc was $630 and then it rose steadily until peaking at about $1,100 early Jan. But a week later it had plummeted back to $825!
So timing WHEN to make your transfers can make a big difference - and you can actually make a nice bit of extra free money if the rate is moving in the right direction!
I've added a little add-on to my browser which shows the current rate in the header all the time. Right now it's $1,055.

You also have to be careful choosing your wallet company, as some don't accept gambling related transactions; I think Circle is one of those.

KK

 

[cj1990]

Did you move it from coinbase to an independent wallet like blockchain.info? If not, do so now if you can to keep any hint of gaming away from CB. Then deposit using your BC wallet.

When it's time to cash out, you'll go to your BC page and hit the "receive" button; that creates a new transfer address. You enter that in your w/d info at the casino.

When you finally receive your money into BC, open up coinbase and go to the Accounts page. Next to your BTC Wallet will be a link to "Get bitcoin address." Send funds from BC to CB using this address.

When the money is in CB, go to the Buy/Sell page. On that page, select Sell. sell from your BTC wallet to the account of your choice. (You can add your bank accounts, credit cards, or Paypal. I'd stay away from paypal personally, they just get too nosy sometimes.) You'll pay a fee to "sell" but as far as I can tell it's the only way to withdraw.

I would love to be wrong about that sell fee, so hopefully someone else can tell us how to transfer from CB to a bank account w/out the sell fee!

You can use the coinbase bitcoin debit card "shift", get the cash and take it to the bank.

 

[Deanna]

I do not think i will ever need to deposit $1000 in bitcoins. I think i am one of the few gamblers who have played for years and never cleared more the a few hundred. Would be nice to enter the 3000x bet hall of fame :notworthy. I can't seem to even be a member at the 100x bet club. They revoked me . I don't know if this happens to anyone else but every time I log into block chain i have to do email verification. I actually did 2 small bitcoin transactions today and used coinbase to do them. I was not aware it is better to put them in block chain and then the casino account. From everything i read, it seems as long as there small deposits it should be ok.

When you log in go to "Settings", then select "Security". You can Enable/Disable how you want to log in, see below. Hope this helps.

Remember 2-step Verification-Enabled

Your browser will be remembered for a short period of time, allowing you to login again without having to re-authenticate. Disable this to require full authentication every time you login. This will not affect your current browser until you delete all cookies.

 

[rena35]

When you log in go to "Settings", then select "Security". You can Enable/Disable how you want to log in, see below. Hope this helps.

Remember 2-step Verification-Enabled

Your browser will be remembered for a short period of time, allowing you to login again without having to re-authenticate. Disable this to require full authentication every time you login. This will not affect your current browser until you delete all cookies.

I am going to try that the next time i log in. I haven't had time this morning. Thanks so much for everyone's help .

 

[weesie]

I don't know if this happens to anyone else but every time I log into block chain i have to do email verification. I actually did 2 small bitcoin transactions today and used coinbase to do them. I was not aware it is better to put them in block chain and then the casino account. From everything i read, it seems as long as there small deposits it should be ok.

Me too and I hate it! They are not real quick with the verification email either.

But Comcast email seems slow anyway.

Going to check into Deanna's point of changing my setting.

 

[reda]

ok so im new to bitcoin. but not new to gambling. I like lots of yall here have had to hope checks clear and this and that. so I opened bitcoin account after finally deciding to give it a try. I actually did have a dep to bitcoin thru my bank .. yahhhh .. so I thought ok this is easy enough. then I tried to dep into casino with money in my bitcoin account. it did not work.. so then I read on here that I may need a middle option in bitcoin to transfer to casino as bitcoin will frown on casino transactions. so can some one p.m me the steps I need to take to acutally use the money in my bitcoin account? I would love to get the hang of the option. reading about how to do it and acutally understanding it when im on the site is complicated to me. tks in advance

 

[rena35]

ok so im new to bitcoin. but not new to gambling. I like lots of yall here have had to hope checks clear and this and that. so I opened bitcoin account after finally deciding to give it a try. I actually did have a dep to bitcoin thru my bank .. yahhhh .. so I thought ok this is easy enough. then I tried to dep into casino with money in my bitcoin account. it did not work.. so then I read on here that I may need a middle option in bitcoin to transfer to casino as bitcoin will frown on casino transactions. so can some one p.m me the steps I need to take to acutally use the money in my bitcoin account? I would love to get the hang of the option. reading about how to do it and acutally understanding it when im on the site is complicated to me. tks in advance

I am hoping someone can help. I am new to bit coin also so i can't answer why your bit coin was not accepted.

 

[kahntrutahn]

You also have to be careful choosing your wallet company, as some don't accept gambling related transactions; I think Circle is one of those.

Circle actually stopped working with bitcoin either late 2016 or early 2017, I don't recall exactly.

then I tried to dep into casino with money in my bitcoin account. it did not work.. so then I read on here that I may need a middle option in bitcoin to transfer to casino as bitcoin will frown on casino transactions. so can some one p.m me the steps I need to take to acutally use the money in my bitcoin account? I would love to get the hang of the option. reading about how to do it and acutally understanding it when im on the site is complicated to me. tks in advance

I am hoping someone can help. I am new to bit coin also so i can't answer why your bit coin was not accepted.

The transaction probably didn't work because you were trying to send from a wallet directly to a gambling site, and the wallet you were using does not support gambling transactions. This is especially true of Coinbase. What you need to do is insert another wallet in between your transaction (some people insert 2 just to be sure). You can hold the wallet yourself, using Electrum or Mycelium for example, or you can choose a reputable online wallet such as blockchain.info or kraken. There are many more options btw, those are just off the top of my head.

Since you asked for the steps on how to set this up, here is a step by step set up guide for using coinbase + blockchain.info in order to deposit and withdraw on gambling sites:

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Hope that is helpful for you

 

[X-Raided]

The transaction probably didn't work because you were trying to send from a wallet directly to a gambling site, and the wallet you were using does not support gambling transactions. This is especially true of Coinbase. What you need to do is insert another wallet in between your transaction (some people insert 2 just to be sure). You can hold the wallet yourself, using Electrum or Mycelium for example, or you can choose a reputable online wallet such as blockchain.info or kraken. There are many more options btw, those are just off the top of my head.

Since you asked for the steps on how to set this up, here is a step by step set up guide for using coinbase + blockchain.info in order to deposit and withdraw on gambling sites:

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

Hope that is helpful for you

Flawless response.

Although I have made countless deposits from Coinbase (and Circle when Circle was still doing Bitcoins) directly into the online casino of
my choice without any repercussions. It was just a hassle using Blockchain because of the "Fort Knox" style verification every time
I wanted to log in.. Ain't nobody got time for that!

Probably not a wise decision to directly deposit from let's say Coinbase into an online casino with your first few transactions like after
signing up, as they might be more scrutinized than let's say your 15th transaction.. After that I really don't think they're carefully watching
all Bitcoin transactions under a magnifying glass.. They just have way too many transactions happening to give a shit.

When using a middle wallet like blockchain or Kraken, your basically just using a condom for lack of better words.

 

[kahntrutahn]

Always use an intermediary between a gambling site and coinbase. If they catch you, and eventually they will, they will ban you. For an American, that is disastrous due to having so few options. There are a lot of examples in bitcoin forums of people being kicked off of Coinbase for making gambling transactions, why risk it?

If blockchain takes too long, keep your own wallet on your phone/tablet/computer etc and use that as your intermediary.

 

[X-Raided]

Always use an intermediary between a gambling site and coinbase. If they catch you, and eventually they will, they will ban you. For an American, that is disastrous due to having so few options. There are a lot of examples in bitcoin forums of people being kicked off of Coinbase for making gambling transactions, why risk it?

If blockchain takes too long, keep your own wallet on your phone/tablet/computer etc and use that as your intermediary.

You're right. I will use Blockchain from now on. Thanks for the advice.

 

[KasinoKing]

You're right. I will use Blockchain from now on. Thanks for the advice.

Obviously I got it wrong, because when I started using it I thought that Blockchain was THE BitCoin "head office" and not just a wallet.
That's how I've been treating it from the start. I transfer from there to Kraken to cash-out to my bank.
No problems so far (touch wood!)

KK

 

[kahntrutahn]

When using a middle wallet like blockchain or Kraken, your basically just using a condom for lack of better words.

Hahah!

Obviously I got it wrong, because when I started using it I thought that Blockchain was THE BitCoin "head office" and not just a wallet.
That's how I've been treating it from the start. I transfer from there to Kraken to cash-out to my bank.
No problems so far (touch wood!)

KK

you wouldnt be the first person to confuse "blockchain.info" with "the blockchain"

 

[Deanna]

Did you move it from coinbase to an independent wallet like blockchain.info? If not, do so now if you can to keep any hint of gaming away from CB. Then deposit using your BC wallet.

When it's time to cash out, you'll go to your BC page and hit the "receive" button; that creates a new transfer address. You enter that in your w/d info at the casino.

When you finally receive your money into BC, open up coinbase and go to the Accounts page. Next to your BTC Wallet will be a link to "Get bitcoin address." Send funds from BC to CB using this address.

When the money is in CB, go to the Buy/Sell page. On that page, select Sell. sell from your BTC wallet to the account of your choice. (You can add your bank accounts, credit cards, or Paypal. I'd stay away from paypal personally, they just get too nosy sometimes.) You'll pay a fee to "sell" but as far as I can tell it's the only way to withdraw.

I would love to be wrong about that sell fee, so hopefully someone else can tell us how to transfer from CB to a bank account w/out the sell fee!

If you go to your accounts in Coinbase and you have a US wallet look to the right of US wallet, the same place you get your address for bitcoin there is a place by US wallet that says "Get American Address". You can then input that address into blockchain the same way and it goes directly into your US wallet. Then you can withdraw. I just figured this out today and sent $10 from my blockchain account to it to make sure it would work and it did. Hope this helps...

 

[rena35]

Me too and I hate it! They are not real quick with the verification email either.

But Comcast email seems slow anyway.

Going to check into Deanna's point of changing my setting.

Did you ever get it fixed? I could not find a way to.

 

[cpdnd31]

Guys as bitcoin becomes more popular wallets and websites are popping up all over. you can buy at coinbase best place for usa -- you can buy peer to peer see my listings below. You can send to atm bit card or send to your bank or wherever or you can sell peer to peer.

bitcoin is rapidly changing just 2 years ago it was so confising to use-- this is the easiest i have ever seen it.

Just remember it virtual - so keep your wallets locked and protected. if your acct gets hacked there is no way to get the bc back.

 

[rena35]

I have been overdrawn twice now when i buy bitcoin vouchers with my paypal. I didn't even know you could overdraw pp. I am holding off on using it to buy vouchers for a while.

 

[cj1990]

I have been overdrawn twice now when i buy bitcoin vouchers with my paypal. I didn't even know you could overdraw pp. I am holding off on using it to buy vouchers for a while.

What do you mean by vouchers?

Never heard of this...

 

[rena35]

What do you mean by vouchers?

Never heard of this...

Sorry i mean buying bitcoins then sending them to the address.

Just found out that coin base could be going back in to your account and charging international fees later. I don't know if it is true but it sucks bad.

 

[cj1990]

Sorry i mean buying bitcoins then sending them to the address.

Just found out that coin base could be going back in to your account and charging international fees later. I don't know if it is true but it sucks bad.

Its not coinbase its your bank.

Switch to wellsfargo or another bank that does not have foreign transaction fees and you wont have this problem.

I paid over $50.00 in transaction fees this year alone, not anymore....

 

[rena35]

Its not coinbase its your bank.

Switch to wellsfargo or another bank that does not have foreign transaction fees and you wont have this problem.

I paid over $50.00 in transaction fees this year alone, not anymore....

I am with a good bank, no fees when i use my bank card but sometimes money is in my pay pal and i want to use it. Only happens while using my pay pal.

 

[X-Raided]

Damn it! Bitcoin is on the steady rise! That's all fine and dandy when it comes to withdrawing, but depositing
has now become a pain in my ass.

If I deposit $20 worth of bitcoins into my Bitstarz account, I'll get back like 11 or 10 mBTC to play with. This
equals less playtime unless I up my deposit. Being a low denomination depositor, you can see why it's frustrating!

I wish we could go back to when 1 Bitcoin was worth $1,000.

 

[keaka125]

I learned how to use bitcoin and chose circle as my wallet. Now that i can not use it to deposit i can not shake the feeling that it is not the best way to go to fund gambling. I had that feeling when i was using Circle too. I know it seems like a fix all way for us in the USA but i am not to sure about continuing to use it . Has anyone had any experience with coin base, block chain or paxel and if so, how is it going?

I use coinbase/blockchain and direct payouts to my paypal. Never had any problems. I live in USA.

 

[keaka125]

I am with a good bank, no fees when i use my bank card but sometimes money is in my pay pal and i want to use it. Only happens while using my pay pal.

Those foreign trans. fees can add up over a year. The bank fees are usually 3%. I did have a bank once that charged only 1%. I know TD Bank has no foreign fees.

 

[rena35]

I thought bitcoin purchases were instantly taken from your account but i found out sometimes the merchant waits to take out the money. That is what has been going on with my pay pal .

 

[cheetahwind]

Ah yes the good ole instant echeck though Pay Pal. That'll get you everytime with Bitcoin purchases, eBay purchases, you name it. Basically it's there way of trying to save on processing costs by not giving you the option of a credit/debit card purchase right away. Mainly to present it to the bank as a electronic funds transfer but they'll float you the money while they wait for your bank to clear it.

If I were in your shoes, when doing a Pay Pal transfer, I'd watch carefully what you've approved Pay Pal to do with your transaction. If you've allowed them instant eChecks, then you might want to start writing it down in your check book ledger. That way that money doesn't get spent. Otherwise I'd just tell them use the debit card feature instead.

Yeah they've gotten me on a time or two with the whole instant eCheck thing, yet at least I catch it in time so I don't do anything silly.

 

[me_and_ed]

I am going through this as we speak, I opened an account at Cryptopay and got their debit card, I have a w/d at 3D, options are limited, my Cryptopay account gives me addresses for BTC, USD, Euro and Pound, I am thinking I should use my BTC address and sit on it for a bit.....thoughts?

 

[labeled]

I am going through this as we speak, I opened an account at Cryptopay and got their debit card, I have a w/d at 3D, options are limited, my Cryptopay account gives me addresses for BTC, USD, Euro and Pound, I am thinking I should use my BTC address and sit on it for a bit.....thoughts?

Right now it can't hurt - and could help - as btc value is going through the roof at the moment. But keep a sharp eye on it, it can go down just as fast and you can lose money. Congrats on that w/d!

 

[me_and_ed]

Right now it can't hurt - and could help - as btc value is going through the roof at the moment. But keep a sharp eye on it, it can go down just as fast and you can lose money. Congrats on that w/d!

I did a crash course on my own and hit the Bittrex Exchange, yesterday was a good day, and yes, BTC is going through the roof. Cryptopay has been a pain in my ass, its like a bad casino not wanting to verify perfectly legitimate and exceptionally high quality documents.......nightmare, should have known better than to take any advice from Bitstarz who cant even be straight up about withdrawals for Canadians.

 

[lockinlove]

I did a crash course on my own and hit the Bittrex Exchange, yesterday was a good day, and yes, BTC is going through the roof. Cryptopay has been a pain in my ass, its like a bad casino not wanting to verify perfectly legitimate and exceptionally high quality documents.......nightmare, should have known better than to take any advice from Bitstarz who cant even be straight up about withdrawals for Canadians.

Did you not check out the sites I told you? I had zero issues and got paid every time.

Hope it gets sorted sounds complicated

 

[me_and_ed]

Did you not check out the sites I told you? I had zero issues and got paid every time.

Hope it gets sorted sounds complicated

Yes dear I did .....echos of my ex, I have my money, I am just trying to have it transferred to my bank, this is the least amount of fees.

 

[lockinlove]

Yes dear I did .....echos of my ex, I have my money, I am just trying to have it transferred to my bank, this is the least amount of fees.

lol ok

 

[rena35]

Could not buy bits today, ended up sending 2 payments of $120. Waiting on pay pal to open to try to figure it out. In June i am taking a long break. Crappy play,crappy loyalty, crappy deposit methods...tired.

 

[KasinoKing]

This is getting fricking RIDICULOUS now :sob:

I was a bit gutted when my Bitcoins dropped to $935 on March 25th (see screenshot), so when they had slowly crawled back up to $1,200 I sold them all on April 18th...
Just 5 weeks later they have more than DOUBLED!
If I had waited I would be MANY £1,000's better off... gutted is an understatement

Where is this going to stop???

 

[labeled]

This is getting fricking RIDICULOUS now :sob:

I was a bit gutted when my Bitcoins dropped to $935 on March 25th (see screenshot), so when they had slowly crawled back up to $1,200 I sold them all on April 18th...
Just 5 weeks later they have more than DOUBLED!
If I had waited I would be MANY £1,000's better off... gutted is an understatement

Where is this going to stop???

Right there with you, I have NO idea what to make of it right now. I feel like I literally have to babysit my btc every minute to make sure there's no crash. $2400 yesterday, $2700 today...

It doesn't help that I frankly don't understand what drives the momentum of bitcoin. If I was day-trading stocks at least I have a grasp on socio-political factors, but bitcoin is a bit like Superman's Bizarro World.

 

[Vibroverb]

I've been following bitcoin for the past 3 months and ethereum a bit too although I don't have any of either, and I've started to see articles in the media about it this week, which leads me to believe something will happen soon....putting it in the media for millions of people to read should affect it somehow but I'm not sure whether it's going to be positive or not....I guess watch this space applies on this topic

 

[Deanna]

Risk of a double spend?

I just got a payout to my Blockchain and there is a message that came up that said "May be at risk of a double spend."
Does anyone know what that means?

 

[secret2]

I just got a payout to my Blockchain and there is a message that came up that said "May be at risk of a double spend."
Does anyone know what that means?

Hi Deanna,

I was curious, too;I just Googled it and here is what it, perhaps, means:

Double-spending:

Double-spending is the result of successfully spending some money more than once. Bitcoin protects against double spending by verifying each transaction added to the block chain to ensure that the inputs for the transaction had not previously already been spent.

Other electronic systems prevent double-spending by having a master authoritative source that follows business rules for authorizing each transaction. Bitcoin uses a decentralized system, where a consensus among nodes following the same protocol is substituted for a central authority.

Bitcoin has some exposure to fraudulent double-spending when a transaction is first made, with less and less risk as a transaction gains confirmations.


So, the more 'confirmations' the better. It may be the sign of the times, as there will always be someone trying to hack something.

 

[labeled]

I googled it too, secret, came up with the same info and thought "hmmm, words that sorta make sense but... word salad!" - digital currency is weird and makes me feel so old sometimes. lol

 

[cj1990]

I just got a payout to my Blockchain and there is a message that came up that said "May be at risk of a double spend."
Does anyone know what that means?

Likely you were seeing the message for an RFB (Replace by Fee), Bitcoin has a mechanism for allowing you to control the transaction by setting a flag on it , transaction not going through fast enough the rfb allows you to increase the transaction fee in order to get the transaction confirmed faster. Likewise you can also double spend as well , anything marked with a rfb flag is seen as riskier due to the ability to control the transaction after it is sent.

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If you ever get a transaction that is flagged for RFB my advice is not to use any amount of it as it can cause you a headache later on if the transaction is changed.

I'm really summarizing what happens but you get the picture RFB transactions are like checks from a foreign country they come with more risk :/