Bitcoin Q & A thread

[Penguinfan]

Do you have any idea if I can link the Circle account to a prepaid card if I'm not 100% comfortable giving out my actual debit card?

How about one of those reusable prepaid debit cards that you can just keep depositing cash onto at the grocery store or walmart, etc...

 

[MadJack]

Do you have any idea if I can link the Circle account to a prepaid card if I'm not 100% comfortable giving out my actual debit card?

How about one of those reusable prepaid debit cards that you can just keep depositing cash onto at the grocery store or walmart, etc...

I don't know.

 

[MadJack]

Do you have any idea if I can link the Circle account to a prepaid card if I'm not 100% comfortable giving out my actual debit card?

How about one of those reusable prepaid debit cards that you can just keep depositing cash onto at the grocery store or walmart, etc...

Answered by clicking their FAQ.

Circle currently only supports:

• US or UK issued Visa credit and debit cards
• US or UK issued MasterCard credit and debit cards

Debit cards are free to use. Credit cards, however, may incur additional fees!
Circle currently does not support:

• Prepaid and reloadable cards, even if they?re Visa or MasterCard
• Gift cards
• American Express cards
• International (non-US and non-UK) cards
• Non-US bank accounts
• PayPal accounts and their associated debit cards
• Net Spend cards (or Flash Pay related cards)
• Business debit cards

 

[MadJack]

Do you have any idea if I can link the Circle account to a prepaid card if I'm not 100% comfortable giving out my actual debit card?

How about one of those reusable prepaid debit cards that you can just keep depositing cash onto at the grocery store or walmart, etc...

I don't guess this is for you because you're too skeptical about everything.

[h=1]How is my Circle account insured?[/h]
If you hold US Dollars in your Circle account, then your balance is FDIC-insured, just like at your neighborhood bank.
If you hold Bitcoin in your Circle account, then your balance is fully insured against any breach of digital or physical data storage at Circle; the Bitcoin insurance is provided by highly-rated global underwriters through a policy written by Marsh USA, a subsidiary of Marsh & McLennan.

 

[MadJack]

Do you have any idea if I can link the Circle account to a prepaid card if I'm not 100% comfortable giving out my actual debit card?

How about one of those reusable prepaid debit cards that you can just keep depositing cash onto at the grocery store or walmart, etc...

There should be bitcoin ATM's in Pittsburgh. There you can use cash to deposit and get cash on a withdrawal.

 

[Penguinfan]

There should be bitcoin ATM's in Pittsburgh. There you can use cash to deposit and get cash on a withdrawal.

Mind=blown

 

[MadJack]

Mind=blown

But there are fees with ATM's. How much depends on the owner. You can even buy Bitcoin ATM's and place them around as a business.

 

[Penguinfan]

You got any info on how those ATM's work? Not owning them, but how to use them. How to hook them up to Circle or Blockchain? Link even?

 

[MadJack]

You got any info on how those ATM's work? Not owning them, but how to use them. How to hook them up to Circle or Blockchain? Link even?

[h=2]How do I buy bitcoins using a Bitcoin ATM ?[/h]


​

1 - The first step is to set up a Bitcoin wallet to either your mobile device or on your desktop computer.On the desktop, many clients use www.circle.com and www.coinbase.com. We like Mycelium.com and Airbitz.co for mobile users. Bitcoin wallets are free, and easy to set up.


​

2 - Your Bitcoin e-wallet will provide you with a QR code. This QR code is linked directly to your e-wallet account. Print it out OR save it to your mobile phone and take it with you to the ATM.


​

3 - Find the nearest ATM to you at http://coinatmradar.com/


​

4 - Follow the on screen instructions to deposit cash into the ATM. Your cash will be converted into bitcoins and sent directly to your e-wallet. You can then transfer those bitcoins to your BookMaker player account using the Bitcoin option in the BookMaker cashier.

​

 

[Penguinfan]

The next thing I did was go to www.blockchain.info to open a wallet. Go there, click on 'wallet' then create a blockchain wallet. You'll also get en email from them so that you can verify your account. After your account is created go to the security center and they lead you through that process to make sure your account it secured. I guarantee that you will feel like that is the most secure account you have ever opened. No way will somebody be able to hack your account. No fucking way.

I won't say never because hackers are pretty good at what they do, but damn, I think I could give you my password and you still couldn't get in.

 

[MadJack]

I won't say never because hackers are pretty good at what they do, but damn, I think I could give you my password and you still couldn't get in.

At blockchain? No shit, that is some serious security. :lol:

It's sort of a PIA to login but I guess that's good.

 

[Penguinfan]

At blockchain? No shit, that is some serious security. :lol:

It's sort of a PIA to login but I guess that's good.

I went all the way to security step 6, gotta send a blood and urine sample each time I log in now. :facepalm:

 

[MadJack]

I went all the way to security step 6, gotta send a blood and urine sample each time I log in now. :facepalm:

:mj07:
I sure hope I never need those 12 words. :scared

Already, I would have trouble finding that paper.

 

[saint]

Jack- first off, thanks for taking so much time to go through this. I will be pursuing it this season. A few quick questions-

So I can directly link a bank account to circle, correct?? If I do so, are there limits to how many bitcoin I can buy? If I want to load up to start for football season and I link a bank account to circle can I buy 5k-10k worth of bitcoin off the bat? Or do I have to clear lower limits first?

What books have the best bonus deals right now for bitcoin? This is a little foreign to me because I always choose low juice over bonuses- but I also tend to play 3-500 a game and the rollovers shouldn't be an issue.

 

[MadJack]

Jack- first off, thanks for taking so much time to go through this. I will be pursuing it this season. A few quick questions-

So I can directly link a bank account to circle, correct?? If I do so, are there limits to how many bitcoin I can buy? If I want to load up to start for football season and I link a bank account to circle can I buy 5k-10k worth of bitcoin off the bat? Or do I have to clear lower limits first?

What books have the best bonus deals right now for bitcoin? This is a little foreign to me because I always choose low juice over bonuses- but I also tend to play 3-500 a game and the rollovers shouldn't be an issue.

The limit is $300 per week at Circle, which sucks for a lot of people. I just requested a limit increase and will let you know as soon as they review my request and get back to me.

Bookmaker had a 100% bonus for Bitcoin deposits which is huge for that book but I don't know for sure if it's still good, I'll check on that too. I've used Bookmaker since 1998 almost exclusively. They are the best, IMO. Recently I deposited bitcoin to GTBets and it went smoothly and I got a 100% bonus. I highly recommend GTBets too.

 

[MadJack]

BOOM!

BOOM!

Hi john,
Congrats! You can now add up to $3,000.00 per week. This is pretty much our max. It's almost impossible to get approved for anything higher.
Remember, there are no limits to how much you send, receive or cash out each week from your Circle account. (If you send or add money from your debit card, though, that does count toward your new weekly limit.)

 

[MadJack]

If I need to add more than $3000 in any given week you can just go ahead and shoot me now.

 

[saint]

If I need to add more than $3000 in any given week you can just go ahead and shoot me now.

Great news Jack. Did you request the increase after the single $500 transaction or did you have others?

I've always dealt with 5D but will give those two books a run.

 

[MadJack]

Great news Jack. Did you request the increase after the single $500 transaction or did you have others?

I've always dealt with 5D but will give those two books a run.

My first test transaction was $100 to GTBets then I took a $500 withdrawal from BetOWI. I really didn't expect an increase that quickly but...you never know. I guess it is easy.

 

[saint]

I've been looking more and more at buying bitcoin and in addition to using it to fund the sportsbook, holding on to some of it to do some gambling on the bitcoin itself. I wish I had looked into it when a poster had it here several years back.

With the halving coming up I would think value would go up, but who knows. I may purchase 10 or so and just roll the dice.:shrug: It's definitely risky and could go to zero but that's half the fun I think.