Bitcoin Deposits and Withdraws - Page 103 - Winning Poker Network -- Two Plus Two Poker Forums

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Bitcoin Deposits and Withdraws

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12-28-2017 , 12:58 PM

#2551

WhatisROI

journeyman

Join Date: Aug 2014 Posts: 305

the 1.5 percent is the price to go from coinbase to bank

12-28-2017 , 01:21 PM

#2552

Billy723

adept

Join Date: Jun 2004 Posts: 1,085

Quote:

Originally Posted by Estelle Getty

Can I ask if 1.5% is what Coinbase always charges when you go ACR-Coinbase-Bank account. If so that seems like a good deal.

Yes, the 1.5% is a base fee for transfers from Coinbase -> Bank, no charge for transfers from ACR -> CB.

Quote:

Originally Posted by Estelle Getty

Also have you found this withdrawl method to be effective, any issues? How long does the process you described usually take?

I've had no issues with about 20 withdraws. They can take about 2-3 business days for both transfer from ACR -> CB then CB -> Bank.

My first withdraw was a bank draft check that never showed up and I had to get ACR to cancel the check and put the $ back into my ACR acct then I starting using the Bitcoin withdraws.

12-28-2017 , 02:31 PM

#2553

Estelle Getty

stranger

Join Date: Dec 2017 Posts: 10

Quote:

Originally Posted by Billy723

Yes, the 1.5% is a base fee for transfers from Coinbase -> Bank, no charge for transfers from ACR -> CB.

I've had no issues with about 20 withdraws. They can take about 2-3 business days for both transfer from ACR -> CB then CB -> Bank.

My first withdraw was a bank draft check that never showed up and I had to get ACR to cancel the check and put the $ back into my ACR acct then I starting using the Bitcoin withdraws.

So "selling" your bitcoin to transfer it to your bank once your ACR $ is on coinbase is guaranteed?

Thank you very much for your help. On a seperate note is everyones sportsbook down or am I just the lucky one?

12-28-2017 , 06:59 PM

#2554

jawon

enthusiast

Join Date: Dec 2011 Posts: 56

Regarding ACR and bitcoin deposits and withdrawals. Does the change in price of bitcoin have any effect on the amount of bitcoin you deposit or withdraw from the start to finish?

For example:

At 3:30 PM EST I withdraw 2K at this time bitcoin is trading at 14K. The transaction completes at 8pm and bitcoin has gone up and trading for 16k. At the time I initiate the withdrawal my 2K was about 0.142 BTC. At 8PM with bitcoin at 16K would my shares of bitcoin now be worth 2272 = (0.142)(16000) or would I instead only own 0.125 bitcoin ( 2000/16000 = 0.125 BTC )?

Thanks for your help!

Last edited by jawon; 12-28-2017 at 07:07 PM.

12-28-2017 , 07:14 PM

#2555

jawon

enthusiast

Join Date: Dec 2011 Posts: 56

To answer my own question I just received my funds in gdax this second about 2h15m after I submitted the withdrawal. I ended up receiving a bit over 2K in BTC in my account somewhere around 2002. So I guess the change in price of bitcoin has no effect in the value of bitcoins you are depositing or withdrawing.

12-28-2017 , 07:50 PM

#2556

jawon

enthusiast

Join Date: Dec 2011 Posts: 56

One more thing..

if I still receive only 2K ( my initial withdrawal ) what happened to the difference? At withdrawal BTC was 13986 USD. When I received my BTC in GDAX the price of BTC was 14124 or 2019 USD. What happened to the 19 dollars?? Or in an extreme case lets say when I received my withdrawal BTC went up to 20K that would be almost 900 usd. Does this mean ACR takes the 900 ??

12-28-2017 , 07:59 PM

#2557

Knuckle Puck

centurion

Join Date: Feb 2012 Posts: 182

@jawon

If you withdraw $1K you're going to get $1K of BTC at the time the withdrawal is processed (not at the time you initiated it). The price of BTC at the time you initiate the withdrawal doesn't matter.

01-01-2018 , 12:54 AM

#2558

my_nameaintearl

adept

Join Date: Jul 2014 Posts: 752

what happened to all the altcoin deposit options? I didnt see a big press release

01-01-2018 , 11:49 PM

#2559

WSPreadHead

old hand

Join Date: Sep 2010 Posts: 1,395

Quote:

Originally Posted by my_nameaintearl

what happened to all the altcoin deposit options? I didnt see a big press release

?... still available on my end

01-02-2018 , 03:20 PM

#2560

Chasincoin

banned

Join Date: Jun 2014 Posts: 23

Question.. I know people have successfully cashed out from ACR to gdax... Has anyone cashouted from ACR to Gemini exchange? Gemini is actually a better exchange and has no fees.\

01-03-2018 , 04:57 AM

#2561

trent32la

banned

Join Date: Dec 2013 Posts: 1,476

Why is there a $25 fee for depositing with ETH/LTC?

01-03-2018 , 10:46 PM

#2562

WhatisROI

journeyman

Join Date: Aug 2014 Posts: 305

sent 115 from coinbase directly to BCP with a 15.65 fee an hour ago... is this going to take a 3 weeks again?

01-04-2018 , 04:09 PM

#2563

goodsaint

veteran

Join Date: Nov 2012 Posts: 2,377

Quote:

Originally Posted by WhatisROI

sent 115 from coinbase directly to BCP with a 15.65 fee an hour ago... is this going to take a 3 weeks again?

Does it really matter if your account gets closed for sending/receiving funds to/from a gambling site?

01-04-2018 , 07:06 PM

#2564

keyanaut

grinder

Join Date: Jul 2010 Posts: 440

Question:

What are the fees in USD for a transfer to occur within an hour, and within a day in BTC?

Now, I understand ETH and LTC fees are lower, but it seems like WPN doesn't know hold ETH or LTC and are subjecting us to their own wallet fees, without proper explanation. Is this correct?

Is it wiser to go from Coinbase/GDAX/Gemini w/e --> Wallet (and pay a fee) and then Wallet to WPN (and pay a fee) in BTC or ETH/LTC?

01-05-2018 , 06:18 PM

#2565

lcky22

newbie

Join Date: May 2011 Posts: 48

Quote:

Originally Posted by trent32la

Why is there a $25 fee for depositing with ETH/LTC?

I deposited .79 LTC into my ACR account, which at the time was worth $199 in most exchanges. ACR credits only $155! I called them up and the rep said that there are fees for deposits. I was dude the mining fee should have been less than $1. He finally ended up crediting me back $191 total. That is still $9 juice for a litecoin deposit. That is horrible and has never happened on other sites I usually plan on. Is this standard with ACR?

01-06-2018 , 05:30 PM

#2566

keyanaut

grinder

Join Date: Jul 2010 Posts: 440

Quote:

Originally Posted by lcky22

It appears so. I'm going to request a refund too. I sent 1.18 ethereum ($1190) total and was charged credited $1134. Transactoin fee was $0.40... so they skimmed about $55.

Beware. They are making a killing on fees and it seems like a scam.

I really hope Winning_TD helps me get credited back. They don't know how to use wallets and are either (a) pocketing the money (which I think so), or (b) making us pay for their fees without disclosing. Either way, they would never have to pay $55 in fees. So they are skimming the vig.

01-07-2018 , 04:18 PM

#2567

cthrilla

journeyman

Join Date: May 2010 Posts: 281

Sent $275 in Litecoin and was credited with $235. Litecoin transaction fee is fairly cheap about $0.27, but they turned around and said that the fee reason I didn't receive my full amount lol it's ridiculous.

I have been in live chat for over an hour now asking how much Litecoin they received and what their exchange rate was. I feel like that is a simple enough question to answer.

01-07-2018 , 04:29 PM

#2568

a dewd

Pooh-Bah

Join Date: May 2016 Posts: 4,594

Quote:

Originally Posted by keyanaut

I don't think any of the sites really have any idea of how to effectively use crypto for deposit or withdrawals. It isn't that hard and there are fairly simple ways to make it work. No network seems to be very concerned with getting it to run efficiently.

01-07-2018 , 07:47 PM

#2569

MaqEvil

grinder

Join Date: Jan 2003 Posts: 418

Yeah, I just deposited BCH and they credited me for ~5% less than the current gdax price, better off just paying BTC fees at that rate.

01-08-2018 , 08:54 PM

#2570

trau

centurion

Join Date: Jun 2012 Posts: 181

For Bitcoin withdrawals, you are unable to paste the bitcoin address within the poker client. You have to type out the address character for character. This is just asking to make mistakes to wrong addresses. Please fix this ACR. Let us copy and paste our bitcoin wallet addresses.

01-08-2018 , 11:55 PM

#2571

Knuckle Puck

centurion

Join Date: Feb 2012 Posts: 182

Quote:

Originally Posted by trau

On Windows click in the form and use the shortcut: Ctrl + V

01-09-2018 , 05:13 AM

#2572

Estelle Getty

stranger

Join Date: Dec 2017 Posts: 10

I have to give big props to ACR. I was very skeptical making my first withdrawl through check. I cashed out $3000 and paid the $65 to get it fedex to me. The check arrived 3 days later in the mail without any run around. Now just waiting for the check to clear without issue. Bank said 2 weeks because it is a Canadian check.

01-09-2018 , 10:53 AM

#2573

PokerPastor

newbie

Join Date: Jan 2018 Posts: 31

Quote:

Originally Posted by trau

I have no issues pasting, what browser are you using?

01-09-2018 , 11:01 PM

#2574

WhatisROI

journeyman

Join Date: Aug 2014 Posts: 305

has anybody ever tried paying out from one site using bitcoin and giving a deposit address from another site? could this help save fees? any negative to this? if I am sportsbetting or playing poker and want to spread out across sites without paying all of these deposit fees...