How are posters getting bitcoin into their bank accounts these days?

[carolinakid]

i still miss neteller today and betjam book

 

[rolandcorts]

Sportsbook ---> WALLET (of which there are hundreds) ---> EXCHANGE (of which there are many solid ones with varying KYC) ----> FIAT TRANSFER TO BANK.

The exchange will require KYC. If you want to avoid that step, find someone local who buys/sells BTC for cash. Try googling your area. Try localbitcoins.com. Probably 3-5% fee though unless big volume. Avoid ATMs.

 

[Tanko]

Sportsbook ---> WALLET (of which there are hundreds) ---> EXCHANGE (of which there are many solid ones with varying KYC) ----> FIAT TRANSFER TO BANK.

The exchange will require KYC. If you want to avoid that step, find someone local who buys/sells BTC for cash. Try googling your area. Try localbitcoins.com. Probably 3-5% fee though unless big volume. Avoid ATMs.

Why avoid ATMs? The fees?

 

[rolandcorts]

Why avoid ATMs? The fees?

The fees are usually like 8% and I believe they might do KYC now. Haven't even laid eyes on one in years though so can't say for sure.

 

[venditto]

Bitcoin rapes you in fees when you convert to USD so unless you really need the money it's better to just re-invest it or find a cheaper method to withdrawal.

 

[JDS]

Bitcoin rapes you in fees when you convert to USD so unless you really need the money it's better to just re-invest it or find a cheaper method to withdrawal.

How do you collect your profits these days with your sportsbetting ? Crypto although the fees are somewhat high is like the most convenient way to transfer money.

 

[venditto]

How do you collect your profits these days with your sportsbetting ? Crypto although the fees are somewhat high is like the most convenient way to transfer money.

 

[JDS]

Patty is 100% paranoid of the Fedz … LMFAO

 

[rolandcorts]

Bitcoin rapes you in fees when you convert to USD so unless you really need the money it's better to just re-invest it or find a cheaper method to withdrawal.

"Bitcoin" doesn't rape anything. If you're OK with your profits going to your bank, the fees are zero or negligible from sportsbook to your bank. If you don't want the funds arriving in your bank and want cash instead, please tell me what the cheaper method to withdrawal is?

 

[JDS]

"Bitcoin" doesn't rape anything. If you're OK with your profits going to your bank, the fees are zero or negligible from sportsbook to your bank. If you don't want the funds arriving in your bank and want cash instead, please tell me what the cheaper method to withdrawal is?

Rumor has it Vendito has 100k bankroll or did recently, so my question is how is he collecting money with his profits without cryptocurrency lol. Is he doing the old school way like this below .

Please allow 10-15 business days for checks to be delivered. The fee is $50 per check (any amount). Will be sent to name and address on file. We provide a FREE payout every 30-rolling-days. FREE check payouts may be requested any business day during payout office hours. If you want a free payout, type FREE PAYOUT on the Comments Box.
check_circle_outline Min Amount: $500
check_circle_outline Max Amount: $3000

 

[Enikk]

Rumor has it Vendito has 100k bankroll or did recently, so my question is how is he collecting money with his profits without cryptocurrency lol. Is he doing the old school way like this below .

Please allow 10-15 business days for checks to be delivered. The fee is $50 per check (any amount). Will be sent to name and address on file. We provide a FREE payout every 30-rolling-days. FREE check payouts may be requested any business day during payout office hours. If you want a free payout, type FREE PAYOUT on the Comments Box.
check_circle_outline Min Amount: $500
check_circle_outline Max Amount: $3000

Still don't understand how some think that was the "good ole days"...

 

[Enikk]

Still don't understand how some think that was the "good ole days"...

Than again for most of us losers it probably was a good thing as you didn't blow your winnings once the check was actually mailed for another week or 2 and were not betting ridiculous amounts as your brain had time to reboot. Things that make you go hmmmm...

 

[Pimike]

I personally use CashApp so whatever bitcoin I receive I can either use my CashApp debit card to spend it or I can also withdraw it from there into my bank account

Me too

 

[rabiddog]

Always send it to self custody wallet first like Exodus or Coinomi first. Both very easy to use. I like Kracken as a substitute to Coinbase. Also Crypto.com you can get there debit card and use it to spend your crypto. I've been using it for almost a year.

 

[tonyhroncich23]

Send to Robinhood, cash out

 

[BobbyFK]

Send to Robinhood, cash out

Welcome to BMR Tony and good luck today!

 

[BobbyFK]

Always send it to self custody wallet first like Exodus or Coinomi first. Both very easy to use. I like Kracken as a substitute to Coinbase. Also Crypto.com you can get there debit card and use it to spend your crypto. I've been using it for almost a year.

Welcome to BMR! Good luck today on all your action

 

[Wagerallsports]

Send to Robinhood, cash out

Welcome aboard tony

I'll give Robinhood a look

 

[Wagerallsports]

Thanks to BobbyFK for help with Cash app

 

[Enikk]

Always send it to self custody wallet first like Exodus or Coinomi first. Both very easy to use. I like Kracken as a substitute to Coinbase. Also Crypto.com you can get there debit card and use it to spend your crypto. I've been using it for almost a year.

Great info. thank-you for sharing