This isn't ACR's fault. They don't control the BTC market. That's the price of using BTC... If you hadn't requested a cashout, then you'd have a legit beef.

You think this "freefall" is bad, you should have been around Jan 2015 and Jan 2016... I lost THOUSANDS waiting for the ceiling, before selling the coin I had left. Well the ceiling turned into a massive downturn. Luckily, I didn't just dump what BTC I had left, I held out until December 2016 and regained some of my losses. Look at BTC historical data - Jan isn't the month you want to be moving significant sums of coin around.

*As of this posting* Coin is down $142.58 today. If you're going to dump, I wouldn't wait much longer. If past performance is any indication, BTC will rebound. The only question that remains is - WHEN. Yes, holding out for the ceiling, is a gamble......... Good luck!

FWIW, BTC as been quite volatile as of late, well it was booming like crazy so a crawl back seems kind of standard. anyway, I have done a lot of BTC withdraws over the last ~18 months and overall it has worked out quite well. It was a big drop(outlier) and your withdraw was pretty big, so ya, it sucks but this time around it did not work out well.

You can't say it's not their fault though. As a business, if you're going to tell someone something is for sure the best option for something, you shouldn't leave out that by them using said method they might lose up to $1000 or more by doing so. If I thought this was a possibility. This would not have been my cashout method. By not telling me that this could happen, it makes it their fault.

Like yeah, this is for sure the best cashout method. Oh by the way, if you don't pay attention and transfer your funds immediately as soon as we decide to send them to you, you might lose 15% of your cashout... Yeah, let me get the check.

Are you guys requesting Withdrawals via Bitcoin through the poker client or sending emails to support requesting the withdrawal? I've made two bitcoin deposits now but I still don't have the option do to a bitcoin withdrawal through the client.

Do some research next time you decide to do something you obv know nothing about.

Why would I think I need to research something, when the company is telling me this is the best option. I shouldn't have to research it, they should just tell you. When an ATM charges you a fee, they warn you ahead of time. If I'm cashing out with America's Card Room and America's Card Room suggests something and tells me it's the best option, I would expect a heads up that I could lose money this way. Whenever I've had check fees or anything else, I've always had those explained to me ahead of time.

AbsolutelyDrawingDead,

If you think it's ACR's responsibility to warn you about fluctuations in crypto currency markets, you're clueless... That's not how this works, that's not how any of it works... BTC is the fastest option to withdraw on WPN. Nowhere does ACR say anything about locked in currency rates at time of deposit or withdrawal with BTC.

When you deposit the disclaimer says: you may see a difference in the amount credited to your account, versus what was deposited, due to processing fees and exchange market flux. At what point would you think that withdrawals would be any different? Do you seriously expect ACR to eat the $1400 you lost due to BTC dropping overnight?

As sl8a said, next time do some research before using a cashout method. If I was moving 8k I would have damn well dotted my I's and crossed my T's prior to withdrawing.

I cashed out via BTC yesterday (see the withdrawal thread) and lost a few hundred overnight... Does that mean ACR should be responsible because I received less than I cashed out? GTFOH...

Play shady games, win shady prizes.

In what way am I being shady? And sure there's a disclaimer that things may change due to fees, or whatever, but I've made several bitcoin deposits and the difference is never more than a few bucks. Even when I deposit large amounts. Not sure in what way I've been "shady " but you seem like one of those fellas that knows everything, so whatever you say chief.

Reading comprehension isn't your strong suit is it? I didn't say "you were shady." Offshore US facing poker sites et al. are shady... Crypto currency is shady... etc etc etc

Next time request a check. Wait. Deposit into your account. Hope like hell it clears. Profit. Easy game....

Know reading comprehension isn't my strong suit, but that doesn't mean you have to be an ******* lol. And yeah, I've never had problems with checks so I guess next time I'll go back to that.

Having to wait over 2 years to get 5 figures off Full Tilt kind of left me with heartburn. My apologies, I'm just a salty old fkr...

This is why I keep 2k or less online now. Once it breaks 2k I cash 50% out and start over....

Thats rough. I'd definitely freak out. At least you got it though.

They really should lock in the US $ amount you withdrawl, not the BTC amount. That makes the most sense....

Agreed... I'm not going to hold my breath though.

can someone help whats which wallet is the best so i can buy $10k worth in bitcoins with the lowest fee then transfer over to blockchain?? is gemini good?

Not sure about Gemini but definitely don't use coinbase. 2500 max weekly buying rate and takes 7 days to get coins. And they charge I believe 1.5 percent. Not sure on that.

then what would you recommend is currently the best method? anyone where it does take a week long to get and doesnt have ridiculous 500 a day limit??

Idk I'm not extrmemly into the btc stuff. All I know is my own experience with coinbase. I'm sure others in this thread know more than me.

Hey guys, I'm trying to figure out what bitcoin exchanges you can buy bitcoin with and move over to blockchain before going to a poker site. Used to use Circle but they don't move bitcoin anymore from what I can understand.

I know coinbase is one but I am wondering if there's more company's that can do what coinbase does. I've opened coinmama but they don't service my state so I went and opened a kraken and cex.io accounts but from me looking around on there site I just cant find out how to move funds to blockchain using a bitcoin address. Obv. I'm a bitcoin novice so I really need help. Thanks

Anyway we can get an updated tutorial for noobs using bitcoin? The first post in the thread says use coinbase, and now 3 posts from the end people are saying "don't use coinbase" etc.....it's very confusing trying to start from scratch xD

You tube- poker deposits with bitcoins- substitute coinbase for circle.

First post says use Coinbase, then near the end of the thread it's saying don't use it, charges a fee etc.

I'm just looking for the most current info on what to sign up for since I'm really new to this and tend to mess things up....

1. Create account at blockchain
2. Create a circle account, is that still the best option?


Then I'm hearings its best to have a buffer account/address between your wallet and the WPN, so that it can be disguised and not clearly ID as a gambling transaction.

Thanks in advance for the info and sorry for any redundancy in the post, just excited to get started!

You can't use Circle anymore.

Blockchain will be your wallet to use between the exchange- coinbase- and the poker site. Circle no longer offers bitcoin transfers. Bank account>coinbase>blockchain>poker site. Poker site>blockchain>coinbase>bank account.

Circle no longer deals with Bitcoin transactions. Unless youve presviously made coin purchases through Circle and still have a btc address to receive coin. So, circle is no longer a viable option.

Most people don't like Coinbase for 2 reasons: A) transaction fees B) weekly purchase limits on Bitcoin. I've always dealt with Coinbase. The trick is to verify your account, once this is done over time your instant purchase level will be increased.

My weekly instant coin purchase limit for CC is $1000, my checking account instant purchase limit is $400. Both of these options are as stated instant, once you purchase coin it's immediately available in your wallet. My overall checking account puchase limit is 15k but BEWARE the coin isn't immediately credited to your account. You'll receive your coin 5 to 7 days AFTER purchase. The volatility of the bitcoin market is unpredictable, waiting 5 to 7 days for coin to be credited to your wallet can either COST you value (if market price drops) or MAKE you money (if market price spikes) kind of a gamble all on its own.

Do some reasearch and decide what service is best for you. I also used to use CoinMama but they no longer service my state so it's no longer a viable option.

ALWAYS use a block chain account between you and any poker site when depositing or withdrawing.