Quote:
Originally Posted by saifulh
I just feel frustrated when the support mentioned it was going to take within 24hours for my cashouts to be successfully processed when it took longer.i did seek live chat support after 18hours since my requested cashout.
For you, 2hours may not mean much. It is to me when my supermarket close at 10pm.
If you are running such a tight budget that you need a bitcoin withdrawal from an online poker site to buy groceries before 10pm, you have far bigger problems on your plate (pun intended).
Quote:
Originally Posted by CoinTheCoin
This is what I do not like about this situation:
I have absolutely no idea what my cashout value is going to be converted at and that leaves some mistrust as the service can easily cash in on volatility of the bitcoin price (increased ~8% since time of withdrawal) over the course of 48 hours if they wanted to.
It doesn't matter what your cashout value is converted at. If bitcoin is $1,000 a coin or $10 a coin, you still get the exact amount of bitcoins necessary to meet the size of your withdrawal request.
If you think they are sitting there praying the price of bitcoin goes up and they can make money off of your transaction, think again. Bitcoin could just as easily go DOWN and they could be out money.
Transactions simply take time to process. Maybe one day they have your funds on hand, and maybe the next the guy in line before you wants 25k of bitcoin and they have to dip into "cold storage" to get your withdrawal. That obviously will take time. Furthermore, bitcoin withdrawals are not processed 24h a day nor 7 days a week.
One day you may have slippage that goes against you, and the next it may go in your favor. It will all work out in the end as you grow a larger sample size from all of your profitable play on WPN as a winning player. Buck up! It's a brave new world and these bitcoin withdrawals are the nuts!
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Kahn