Betting Questions

[Joseph Budden]

Regarding 5d limits, crazy question/weird high thought. Has anyone ever contemplated just making a second 5d account to get around them? lol

 

[Antagonist88]

Think I'm getting into the whole Bitcoin thing, still unsure of a bit though. They would take the payment from Coinbase right? Don't want to sign up for an eWallet that wouldn't work or something

 

[LEMONZEST]

Think I'm getting into the whole Bitcoin thing, still unsure of a bit though. They would take the payment from Coinbase right? Don't want to sign up for an eWallet that wouldn't work or something

Are you from usa, canada, or europe? There are good options depending on where you live.

 

[rille31]

to all the bitcoin experts out there

been doing pretty good with my euro books but my 5d account is running a bit low and I need to deposit there
sadly they only use bitcoins these days and my cash is @ skrill and neteller #oldschool

Ive bought some bitcoins using localbitcoins and then deposited that to 5d but I tend to loose value that way, say I buy bc for 500 but then i deposit it and only get like 450, any other way of doing this?

also buying bitcoins from some random guy in Nigeria seems a bit risky

 

[waiguoren]

Regarding 5d limits, crazy question/weird high thought. Has anyone ever contemplated just making a second 5d account to get around them? lol

Against their rules. They will track you via a variety of means and ban you if they find out.

 

[Antagonist88]

Are you from usa, canada, or europe? There are good options depending on where you live.

USA

 

[LEMONZEST]

USA

What I use in Canada is called QuadrigaCX but it is not available to people outside Canada. A similar service available to Americans is Kraken

https://www.kraken.com/

It is BTC exchange which allows you to easily move your funds between BTC, USD and other currencies. In addition there are many options for cashing out and accessing your funds. For example, you can withdraw your funds directly to a credit card so the funds don't ever hit your bank account. Or to be even more cautious you can just spend your BTC online.

I would definitely avoid Coinbase as there have been MANY reports of them causing problems for people sports betting.

In addition it is recommended to use an intermediary wallet between the sportsbook and wherever you plan to keep your BTC. I would recommend using Blockchain. You will need to open an account at Blockchain and also open and authenticate an acount with Kraken. In this case flow of funds would like this:

5dimes--->Blockchain--->Kraken--->withdraw to cc/spend online

Once you do a couple transactions and get the hang of it its really easy.

PS. I haven't ever actually used Kraken but it seems good and similar to what I use from what I read online.

 

[LEMONZEST]

Regarding 5d limits, crazy question/weird high thought. Has anyone ever contemplated just making a second 5d account to get around them? lol

You dropping your #elite status coming with stupid shit like this.

 

[t6p]

What I use in Canada is called QuadrigaCX but it is not available to people outside Canada. A similar service available to Americans is Kraken

https://www.kraken.com/

It is BTC exchange which allows you to easily move your funds between BTC, USD and other currencies. In addition there are many options for cashing out and accessing your funds. For example, you can withdraw your funds directly to a credit card so the funds don't ever hit your bank account. Or to be even more cautious you can just spend your BTC online.

I would definitely avoid Coinbase as there have been MANY reports of them causing problems for people sports betting.

In addition it is recommended to use an intermediary wallet between the sportsbook and wherever you plan to keep your BTC. I would recommend using Blockchain. You will need to open an account at Blockchain and also open and authenticate an acount with Kraken. In this case flow of funds would like this:

5dimes--->Blockchain--->Kraken--->withdraw to cc/spend online

Once you do a couple transactions and get the hang of it its really easy.

PS. I haven't ever actually used Kraken but it seems good and similar to what I use from what I read online.

This is great advice. The only thing I'll add is that Kraken is not available to residents of New York (which I am). I still haven't found a comparable alternative to Circle since Coinbase really started cracking down.

 

[Yotsuya]

to all the bitcoin experts out there

been doing pretty good with my euro books but my 5d account is running a bit low and I need to deposit there
sadly they only use bitcoins these days and my cash is @ skrill and neteller #oldschool

Ive bought some bitcoins using localbitcoins and then deposited that to 5d but I tend to loose value that way, say I buy bc for 500 but then i deposit it and only get like 450, any other way of doing this?

also buying bitcoins from some random guy in Nigeria seems a bit risky

LocalBitcoins is pretty damn solid way to buy coins, but I suppose there are all kinds of rates available there. I don't know about 5d, but Pinnacle seems to take about 2,5% to process the payment through some exchange. (Founder/owner of LocalBitcoins is a friend of mine, btw, but I think the company has very good reputation in btc-community.)

 

[Antagonist88]

What I use in Canada is called QuadrigaCX but it is not available to people outside Canada. A similar service available to Americans is Kraken

https://www.kraken.com/

It is BTC exchange which allows you to easily move your funds between BTC, USD and other currencies. In addition there are many options for cashing out and accessing your funds. For example, you can withdraw your funds directly to a credit card so the funds don't ever hit your bank account. Or to be even more cautious you can just spend your BTC online.

I would definitely avoid Coinbase as there have been MANY reports of them causing problems for people sports betting.

In addition it is recommended to use an intermediary wallet between the sportsbook and wherever you plan to keep your BTC. I would recommend using Blockchain. You will need to open an account at Blockchain and also open and authenticate an acount with Kraken. In this case flow of funds would like this:

5dimes--->Blockchain--->Kraken--->withdraw to cc/spend online

Once you do a couple transactions and get the hang of it its really easy.

PS. I haven't ever actually used Kraken but it seems good and similar to what I use from what I read online.

All VERY helpful man. Thanks for all the help. Hopefully I'm up and running on 5d when props come out

 

[Antagonist88]

What I use in Canada is called QuadrigaCX but it is not available to people outside Canada. A similar service available to Americans is Kraken

https://www.kraken.com/

It is BTC exchange which allows you to easily move your funds between BTC, USD and other currencies. In addition there are many options for cashing out and accessing your funds. For example, you can withdraw your funds directly to a credit card so the funds don't ever hit your bank account. Or to be even more cautious you can just spend your BTC online.

I would definitely avoid Coinbase as there have been MANY reports of them causing problems for people sports betting.

In addition it is recommended to use an intermediary wallet between the sportsbook and wherever you plan to keep your BTC. I would recommend using Blockchain. You will need to open an account at Blockchain and also open and authenticate an acount with Kraken. In this case flow of funds would like this:

5dimes--->Blockchain--->Kraken--->withdraw to cc/spend online

Once you do a couple transactions and get the hang of it its really easy.

PS. I haven't ever actually used Kraken but it seems good and similar to what I use from what I read online.

Do you think its still ok to use Coinbase if I'm using Blockchain as an intermediary? Then there would never be money going from Dimes to Coinbase and vise versa. Or should I look to avoid it all together?

 

[LEMONZEST]

Do you think its still ok to use Coinbase if I'm using Blockchain as an intermediary? Then there would never be money going from Dimes to Coinbase and vise versa. Or should I look to avoid it all together?

There have been reports of Coinbase cracking down on people that used 2 and even 3 intermediary wallets. I don't understand how it works but somehow Coinbase figures it out. Seriously, just don't use Coinbase. If you google it you can read threads on reddit about it.

 

[Antagonist88]

There have been reports of Coinbase cracking down on people that used 2 and even 3 intermediary wallets. I don't understand how it works but somehow Coinbase figures it out. Seriously, just don't use Coinbase. If you google it you can read threads on reddit about it.

Alright thanks for the advice

 

[Roads55]

warning to all who want to deposit with bitcoins especially for the first time, who might not be aware of the price fluctuations and potential losses they may incur. it's been pretty stable this week, and imo at least it may hit new all time highs soon. but the potential is ALWAYS there for the bottom to fall out of the whole thing, it's been as low as $920 in the last couple months and was around $600 only 6 months ago. It's currently sitting at $1267 so you can see there are huge swings in a relatively short space of time, that could be very risky for your deposits, I'd urge people to do a bit more research before using bitcoin for the first time.

I'd recommend localbitcoins for new ppl, other exchanges have had problems with withdrawals and deposits in certain countries. If you hang around on the site long enough and keep re-freshing it, you should get a decent rate to buy/sell at.

 

[rille31]

LocalBitcoins is pretty damn solid way to buy coins, but I suppose there are all kinds of rates available there. I don't know about 5d, but Pinnacle seems to take about 2,5% to process the payment through some exchange. (Founder/owner of LocalBitcoins is a friend of mine, btw, but I think the company has very good reputation in btc-community.)

I just had to start a dispute because some fucker didnt release 500 euros after my payment, didnt respond to me after the payment and 1 hour and still no bc, did buy some for 300 last week so thought he was trustworthy

I fucking hate this buying bitcoin bs, its a receipe for getting scammed

 

[Antagonist88]

warning to all who want to deposit with bitcoins especially for the first time, who might not be aware of the price fluctuations and potential losses they may incur. it's been pretty stable this week, and imo at least it may hit new all time highs soon. but the potential is ALWAYS there for the bottom to fall out of the whole thing, it's been as low as $920 in the last couple months and was around $600 only 6 months ago. It's currently sitting at $1267 so you can see there are huge swings in a relatively short space of time, that could be very risky for your deposits, I'd urge people to do a bit more research before using bitcoin for the first time.

I'd recommend localbitcoins for new ppl, other exchanges have had problems with withdrawals and deposits in certain countries. If you hang around on the site long enough and keep re-freshing it, you should get a decent rate to buy/sell at.

Scares the shit out of me to be honest. Trying to get it from the ewallet into 5dimes USD as quick as possible

 

[EzFlyer]

yea i always move my btc fast. i'm not investing, i'm using it as a means to fund/withdraw accounts.

it scares me, too.

 

[LEMONZEST]

Scares the shit out of me to be honest. Trying to get it from the ewallet into 5dimes USD as quick as possible

Yeah currency fluctuation is a good point and something to be aware of. That is why I like using the exchanges so as soon as the BTC hits your account you can immediately convert it to USD.

I don't agree tho that the bottom will fall out of BTC. There is inherent risk with any currency and BTC has been around a long time. The entire life of BTC people have been saying its going to fall apart and be worthless any day now etc. and it just doesn't happen. To be honest if I had to invest long term say 5-10 years I would take BTC over USD. BTC has value because of its utility and I don't really see that changing.

In addition, many investors view BTC as a safe haven similar to gold. Anytime there is political or economic uncertainty in a country people gravitate to these "safe" holdings. So yeah there is short term volatility with BTC but I don't see its value going south long term. In my experience when I have taken a small hit due to fluctuations I just let the BTC sit in my account for a few days and wait for the value to tick up again and then convert to USD/CAD.

 

[Roads55]

I just had to start a dispute because some fucker didnt release 500 euros after my payment, didnt respond to me after the payment and 1 hour and still no bc, did buy some for 300 last week so thought he was trustworthy

I fucking hate this buying bitcoin bs, its a receipe for getting scammed

you gotta make sure their feedback is good, I try and always use the same few vendors that are trustworthy, there's good ones out there.