Cash withdrawals from sports books

MadJack

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At what point is it converted to dollars.

Say I withdraw 1 BTC from the books onto this card. Is it automatically put on the card as the current market value cash equivalent, or does it sit on the card as 1 BTC until I redeem it, and is susceptible to market fluctuations?

Click the 'request higher limits' button. You'll have $3000 limit within 20 minutes.

This card is a game changer unless I'm missing something.




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kickserv

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actually, don't use it here in canada.


Me either, I see no need for Bitcoin if you are in Canada. Now if I were in USA, I would.

Poor northern ice...no Canuck Madjackers can help him:cry:
 

saint

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At what point is it converted to dollars.

Say I withdraw 1 BTC from the books onto this card. Is it automatically put on the card as the current market value cash equivalent, or does it sit on the card as 1 BTC until I redeem it, and is susceptible to market fluctuations?

Jack when you find out the answer to this question if you wouldn't mind updating this thread I would appreciate it.
 

MadJack

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Jack when you find out the answer to this question if you wouldn't mind updating this thread I would appreciate it.

Pretty sure it goes to the card as USD. It's in a FAQ section. I've left over $6000 in blockchain and just leave it there. In the last month I've made a decent return. I'm not concerned with the fluctuation anymore. The less transactions I do with circle the better I feel. Now with this card I won't use circle hardly ever. Also with betagame you only have to send to their blockchain so only one transaction.


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Amethyest

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Gotta love Canada ( And all those proper Countries that are truly free ) ( Smile ) [emoji1063]


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MadJack

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FUNDED USD WALLET

SAY 6 DAYS UNTIL AVAILABLE TO USE


IS THIS NORMAL

First transaction. Afterwards it'll be instant. Good show, OS.


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Amethyest

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Lmao....sorry forgot where you lived[emoji1063] ....I will stop soon ( Smile )


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Old School

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First transaction. Afterwards it'll be instant. Good show, OS.


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gotta feeling I should have funded BTC instead of USD Wallet

transfer from debit bank card to USD wallet will happen Tues..

but I fail to see where this[USD wallet] buys bitcoins and makes them available to transfer to book of choice..

am I missing something...and yes that is usually the case
 

T

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Jack,

I just did some DD on metropolitan commercial bank...The thing that scares me is they are a NY based bank pretty small. If they come under any scrutiny by the US government or NY state attorney regarding money laundering the NY AG will shut that card down overnight. Its not like circle where you are moving funds to and from an actual bank account. This card also looks scary what ATM allows 3k withdrawal a day ? NONE.
I have numerous accounts and the max I have is $800 daily. Looks way too good to be true and any bank run by a guy who's last is DeFazio...Well you have seen goodfellas :lol: :0008
 

MadJack

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gotta feeling I should have funded BTC instead of USD Wallet

transfer from debit bank card to USD wallet will happen Tues..

but I fail to see where this[USD wallet] buys bitcoins and makes them available to transfer to book of choice..

am I missing something...and yes that is usually the case

I'm not sure either. Pretty sure the USD wallet is for storing your money in USD but you can buy bitcoin once you have it funded.
 

MadJack

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Jack,

I just did some DD on metropolitan commercial bank...The thing that scares me is they are a NY based bank pretty small. If they come under any scrutiny by the US government or NY state attorney regarding money laundering the NY AG will shut that card down overnight. Its not like circle where you are moving funds to and from an actual bank account. This card also looks scary what ATM allows 3k withdrawal a day ? NONE.
I have numerous accounts and the max I have is $800 daily. Looks way too good to be true and any bank run by a guy who's last is DeFazio...Well you have seen goodfellas :lol: :0008

I'm going to use it to get my cash.
 

T

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I'm going to use it to get my cash.

Why do u prefer this now over blockchain/circle ?

Interested to discuss this method a little deeper...

I remember the Neteller debacle and how many lost $.
 

saint

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Why do u prefer this now over blockchain/circle ?

Interested to discuss this method a little deeper...

I remember the Neteller debacle and how many lost $.

This is a good discussion. I don't think there's much risk with this card because, like the transfer of USD to bitcoin, it's only temporary. When you withdraw to this card, you go right to the ATM and get your cash. You really are minimizing risk by taking the cash right out vs. leaving the credit on the account.

Jack, what is the alternative to circle that has higher limits?
 

MadJack

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This is a good discussion. I don't think there's much risk with this card because, like the transfer of USD to bitcoin, it's only temporary. When you withdraw to this card, you go right to the ATM and get your cash. You really are minimizing risk by taking the cash right out vs. leaving the credit on the account.

Jack, what is the alternative to circle that has higher limits?

Coinbase starts you with lower limits but have much higher limits once established.

Since circle and coinbase will ban your ass if they discover you use them to fund gambling sites, I just want to use them as little as possible. If I send from circle to blockchain, the next transfer will be blockchain to coinbase. With this card I will be using circle and coinbase less and less and hardly not at all for receiving.

I like using betagame because I only need to send to blockchain to get them funded.
 

MadJack

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And I have been just letting my money sit in blockchain and making money. Bitcoin is at $625 now and was in the mid $500's a month ago.
 

saint

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Coinbase starts you with lower limits but have much higher limits once established.

Since circle and coinbase will ban your ass if they discover you use them to fund gambling sites, I just want to use them as little as possible. If I send from circle to blockchain, the next transfer will be blockchain to coinbase. With this card I will be using circle and coinbase less and less and hardly not at all for receiving.

I like using betagame because I only need to send to blockchain to get them funded.


For purposes of avoiding circle from finding out, I'm assuming you are sending from circle/coinbase ---> your blockchain ---> betagame blockchain.

Then for withdrawals, betagame sends directly to your blockchain, and you can then send from your blockchain to the BTC Debit card and then cash out.

Correct?
 
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