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Bitcoin Deposits and Withdraws Bitcoin Deposits and Withdraws

02-28-2017 , 05:46 PM
Would it be possible to withdrawl

WPN > Blockchain > coinbase > paypal?
02-28-2017 , 05:50 PM
Quote:
Originally Posted by VantACoo-key?
Anyone have extremely annoying time with Identity + Photo Verification on Coinbase? No matter what I do it doesn't take it, and I'm ready to jump off a building at this point. My ID has already been verified, but the step with the webcam is what I'm referring to.

It seems to me like this additional step is only needed to Buy Bitcoin, rather than "sell" to my bank account, which I don't care about at this point in time. I initiated a small test withdrawal of like $450 to my bank on Friday, but it's in there and still shows up as "pending" in my statement. Does anyone with experience in this spot know if I'm fine to pull more money off? Tytyty.
Bump.

Also, it posted in my PNC account today so I went for the YOLO 2nd withdrawal and I'm getting a message to the tune of, "transfers are currently unavailable, support is working to correct this ASAP." Useless website/wallet.

Quote:
Originally Posted by DegenGolfer
Would it be possible to withdrawl

WPN > Blockchain > coinbase > paypal?
Yep. Higher fees tho.
03-02-2017 , 01:02 PM
So glad acr is not letting my withdraw, costing me thousands of dollars.
03-02-2017 , 03:49 PM
I cashed out 650 USD from ACR yesterday at 12:30PM PST. Is it costing me money as bitcoin goes up or is the price set when I cash out? Am I really going to get lesser value than I cashed out? On top of paying a fee from Coinbase?

Follow up question for those familiar with Coinbase. If I send the funds from Blockchain to Coinbase should I then send it to my USD wallet or should I just send it to my bank from there? Does it make any difference?
03-02-2017 , 04:55 PM
Quote:
Originally Posted by WhatisROI
I cashed out 650 USD from ACR yesterday at 12:30PM PST. Is it costing me money as bitcoin goes up or is the price set when I cash out? Am I really going to get lesser value than I cashed out? On top of paying a fee from Coinbase?

Follow up question for those familiar with Coinbase. If I send the funds from Blockchain to Coinbase should I then send it to my USD wallet or should I just send it to my bank from there? Does it make any difference?
This argument is ridiculous. If Bitcoin went down, I'm sure you wouldn't want to be locked in at the time you hit the withdraw button.

If you cash out $650, you get $650 when it gets processed and sent to you.
03-02-2017 , 05:00 PM
Quote:
Originally Posted by WiCane
This argument is ridiculous. If Bitcoin went down, I'm sure you wouldn't want to be locked in at the time you hit the withdraw button.

If you cash out $650, you get $650 when it gets processed and sent to you.
I'm not sure what argument I was making, I asked a question. I absolutely agree that I want my money as the value it is and want zero to do with bitcoin as speculating crpto currency isn't what I do. Therefore I was asking the question in which you still really haven't even answered. Will I get 650 dollars cash sent to my blockchain? That's simply put, the question. You are acting like exchange rates are never factored in. Paging endthefeds please, we need somebody that knows what he's talking about.

It's really so simple. When you buy bitcoin from Coinbase and send it to blockchain the amount changes due to exchange rates. Am I subject to the changing price of bitcoin with my cashout because something tells me my blockchain isn't going to have 650 dollars on the dot when I see it. And when it doesn't will you still pretend to know what you're talking about?
03-02-2017 , 05:37 PM
Quote:
Originally Posted by WhatisROI
I'm not sure what argument I was making, I asked a question. I absolutely agree that I want my money as the value it is and want zero to do with bitcoin as speculating crpto currency isn't what I do. Therefore I was asking the question in which you still really haven't even answered. Will I get 650 dollars cash sent to my blockchain? That's simply put, the question. You are acting like exchange rates are never factored in. Paging endthefeds please, we need somebody that knows what he's talking about.

It's really so simple. When you buy bitcoin from Coinbase and send it to blockchain the amount changes due to exchange rates. Am I subject to the changing price of bitcoin with my cashout because something tells me my blockchain isn't going to have 650 dollars on the dot when I see it. And when it doesn't will you still pretend to know what you're talking about?
You will get $650 worth of bitcoin at the time that they process your cashout. So if the price went down in that time, you would still get 650. You are at risk of fluctuation in the time it takes to send from blockchain to coinbase, but you should not be exposed for a long period of time. THere is nothing you can do to get rid of that exposure.

Someone a few posts up was complaining about the time it takes to process the transaction and that it was costing him money because the price had gone up. I think WiiCane was assuming you were making the same argument. With the person who was complaining, I think it is fair to assume that if his cashout was converted at the time of request instead of processing and the price went down, he would then complain that WPN cost him money by not not waiting to convert until sending.
03-02-2017 , 05:42 PM
Quote:
Originally Posted by nee
You will get $650 worth of bitcoin at the time that they process your cashout. So if the price went down in that time, you would still get 650. You are at risk of fluctuation in the time it takes to send from blockchain to coinbase, but you should not be exposed for a long period of time. THere is nothing you can do to get rid of that exposure.

Someone a few posts up was complaining about the time it takes to process the transaction and that it was costing him money because the price had gone up. I think WiiCane was assuming you were making the same argument. With the person who was complaining, I think it is fair to assume that if his cashout was converted at the time of request instead of processing and the price went down, he would then complain that WPN cost him money by not not waiting to convert until sending.
Absolutely agree. I misspoke to a degree. I don't want my bitcoin to be locked into a price the time of cashout like the poster above me, in fact I want the complete opposite because I am going to INSTANTLY once alerted send it to my Coinbase. I just want 650 to be 650. So apologies to WiiCane because I came off as an ignorant tool in my post towards him. Thank you Nee for clearing this up as it makes complete sense to me now. The only period that I am susceptible to fluctuation is the time it sits in my block. So it is on me to transfer it out immediately. Thanks again!
03-02-2017 , 05:56 PM
Quote:
Originally Posted by WhatisROI
Absolutely agree. I misspoke to a degree. I don't want my bitcoin to be locked into a price the time of cashout like the poster above me, in fact I want the complete opposite because I am going to INSTANTLY once alerted send it to my Coinbase. I just want 650 to be 650. So apologies to WiiCane because I came off as an ignorant tool in my post towards him. Thank you Nee for clearing this up as it makes complete sense to me now. The only period that I am susceptible to fluctuation is the time it sits in my block. So it is on me to transfer it out immediately. Thanks again!
and make sure your fee is high enough as i mentioned a few posts up. It looks like transactions are backlogging again, so if the fee is too low it could be waiting for a couple of days.

Here's a link to see how many transactions are waiting in the mempool: https://blockchain.info/charts/mempool-count

Last edited by nee; 03-02-2017 at 06:03 PM.
03-02-2017 , 06:12 PM
Yikes... Is there any general rule of thumb for how much to give as a fee so I don't end up waiting long? A percentage seems tough to gauge but on a 650 dollar transaction what would you normally give in your estimation? A couple of dollars? Appreciate the information and I apologize if I haven't done my due diligence.
03-02-2017 , 06:24 PM
Quote:
Originally Posted by WhatisROI
Yikes... Is there any general rule of thumb for how much to give as a fee so I don't end up waiting long? A percentage seems tough to gauge but on a 650 dollar transaction what would you normally give in your estimation? A couple of dollars? Appreciate the information and I apologize if I haven't done my due diligence.
Posted this the other day, this site shows the fee/byte and estimated wait time, plus the optimal fee:

http://bitcoinfees.21.co/

A transaction with 1 input and 1 output will be 226 bytes. Blockchain, at least mobile version, doesn't show the size of the transaction before you send it, so its kind of a guessing game, unless someone knows how to find it. Just assume that coming from a processor, the transaction you send will have multiple inputs and the size will be 4-500 bytes.

Basically the fee relative to the $ value of the transaction is irrelevant to the miners. They prioritize the transactions with the highest fee/byte so they can make the most money on each block they mine. Honestly, unless your transaction has a ridiculous amount of inputs, 80 cents to a dollar will most likely get it through on the next block. 60 cents would probably be more than enough, but if you don't want any exposure make it a dollar.
03-02-2017 , 06:34 PM
Awesome stuff Nee. Thank you!
03-02-2017 , 09:05 PM
requested MAX bitcoin withdrawal 3/2/2017 at 6am pacific time on TRUE


will update when i get in my wallet
03-03-2017 , 08:26 AM
8 hours left ACR... there is nothing more embarrassing than tardiness
03-03-2017 , 07:19 PM
Quote:
Originally Posted by WhatisROI
8 hours left ACR... there is nothing more embarrassing than tardiness
UPDATE: at exactly the 48 hour mark I receive an email that my payout is canceled and to send in a picture of a CC I used from a past deposit (and went busto, then redeposited with bitcoin)... so I sent in the picture and resubmitted payout for 800 and now get to wait all over again as they will do nothing to expedite it... Not a huge deal financially I just have an issue with this from a customer service standpoint... If you need me to send in a picture of my card, fine... but to cancel my payout in the process and make me go back to step one seems a bit ridiculous... No business will ever have you wait on a line, get to the front of the line, require you to fill out something or re fill out something and then make you get to the back of the line again... outside of maybe the DMV or court... seems just absolutely obnoxious
03-04-2017 , 05:32 AM
Quote:
Originally Posted by WhatisROI
UPDATE: at exactly the 48 hour mark I receive an email that my payout is canceled and to send in a picture of a CC I used from a past deposit (and went busto, then redeposited with bitcoin)... so I sent in the picture and resubmitted payout for 800 and now get to wait all over again as they will do nothing to expedite it... Not a huge deal financially I just have an issue with this from a customer service standpoint... If you need me to send in a picture of my card, fine... but to cancel my payout in the process and make me go back to step one seems a bit ridiculous... No business will ever have you wait on a line, get to the front of the line, require you to fill out something or re fill out something and then make you get to the back of the line again... outside of maybe the DMV or court... seems just absolutely obnoxious
Sorry to hear about your situation and I hope you receive your $$$ quickly now that you've sent in the proper documents. Not getting the loot when expected is incredibly frustrating... Although if you read all the terms of service of whatever other text they have listed on the ACR website and all the other WPN skins it states that in order to cashout you'll have to send in a copy of CC and all the other proof of person documents. I'm not trying to defend WPN (all of the customer service I've received from them usually via phone has been pretty good) I'm just saying that if you are going to be doing anything that involves money be it shopping online, playing poker, day trading, or whatever it is a good idea to have all the bases covered beforehand. A call or live chat ahead of time asking exactly what documents need to be submitted and the exact email address to send them to could have saved some of the headache. Any site I've played on I try to have all my ducks in a row long before I plan on cashing out to make the process go as smoothly as possible. It is a lousy feeling thinking that everything is good to go and then finding out you have to send in a picture of something else and so on. If you switch skins or anything in the future make sure to have all your docs verified as soon as you can get them sent in. I've always sent docs in during normalish business hours and always got verified within the same day so that when I'm actually at the tables I don't have to have the thoughts of "what else do I have to send in and what else will I need to do when I actually want to get my moola off the site"... I'm not trying to be a jerk or anything to anyone experiencing any delays in payouts right now, but taking a few minutes to call the site and say "yo what docs do I gotta send, and what email do I gotta send em to" can save time later on. Good luck
03-05-2017 , 01:45 PM
Hey there.

A friend of mine has finally paid of his dept by sending money over to my account at blackchip. I counted on cashing out via bitcoin but it doesn't give me the "popular e wallet" or bitcoin option.
Can anyone help here ??
03-05-2017 , 01:59 PM
Quote:
Originally Posted by John_Doe
Hey there.

A friend of mine has finally paid of his dept by sending money over to my account at blackchip. I counted on cashing out via bitcoin but it doesn't give me the "popular e wallet" or bitcoin option.
Can anyone help here ??
You need to make like 2 small BTC deposits. However, you need to rake 10% of the amount he sent you before you can cash out anyway.
03-05-2017 , 03:28 PM
Ok thanks,

ten percent on rake huh ??
Sjeezs
03-06-2017 , 11:16 AM
are there any sites that show you step by step how to setup Bitcoin? It's incredibly confusing to me. Sick of waiting weeks for ACR checks and then when I get them they are drawn on Canadian banks and have to wait weeks to cash it.

I've watched Bitcoin YouTube videos and have know idea WTF is going on.

IF anyone is willing to help I'd appreciate it! thanks!
03-06-2017 , 12:13 PM
Quote:
Originally Posted by SimpleFast505
requested MAX bitcoin withdrawal 3/2/2017 at 6am pacific time on TRUE


will update when i get in my wallet

received today 3/6/2017 at around 8am pst in my wallet
03-06-2017 , 03:48 PM
Quote:
Originally Posted by Beerman74
are there any sites that show you step by step how to setup Bitcoin? It's incredibly confusing to me.

I've watched Bitcoin YouTube videos and have know idea WTF is going on.

IF anyone is willing to help I'd appreciate it! thanks!
How to deposit/withdraw bitcoin from Bovada YouTube videos. Substitute WPN for Bovada and Coinbase for Circle. There are no simpler instructions.
03-06-2017 , 04:38 PM
Quote:
Originally Posted by goodsaint
How to deposit/withdraw bitcoin from Bovada YouTube videos. Substitute WPN for Bovada and Coinbase for Circle. There are no simpler instructions.
What about if I use ACR? Does it matter
03-06-2017 , 04:53 PM
Sorry if I'm asking questions that people have asked a million times before. I have already set up my blockchain & circle accounts on desktop & mobile apps. I'm waiting for my bank to be verified through circle which I saw can be a few days.

When I withdraw $ from WPN > Blockchain, do i have to "sell" the BTC? Or I can simply just exchange the BTC to USD? (I have no knowledge on BTC sorry in advance if I sound stupid). Also, do I have to worry about the value of BTC to fluctuate and potentially lose all my $ within the transferring process? If it takes a few days to go from client to account to account, etc.- I'm worried how much a fluctuation can actually effect my balance?
03-06-2017 , 06:33 PM
Quote:
Originally Posted by Beerman74
What about if I use ACR? Does it matter
ACR, BCP, True r all on the WPN network so no it doesnt matter

      
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