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Old 06-16-2017, 06:21 PM   #2251
nee
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by zooeyglass2 View Post
I also requested my first w/d from ACR today via BTC, not nearly the amount of exotic08. I asked support how long it should take to get processed and unfortunately was told it can take 72 hours for some reason and that they do not process over the weekend. I went back and forth with support for over 30min trying to figure out why it would take three days to process a BTC transaction and also what does it matter that banks are not open on Saturday and Sundays when dealing with BTCs. Finally I just asked if they could please try and get the w/d processed by the end of business today and was told that they would try and speed up the w/d, but as of now its still processing. I know they only do this hoping that I will lose the money I left on the site and cancel the w/d.
Why could it take 72 hours other than it being a plot to get you to cancel and lose your money on the site?

Most likely bc there are 1 or 2 people who process btc withdrawals and they work a 35-40 hour week m-f. So no processing on weekends. And there is a list of requests. Just because you put one in now doesn't mean you are at the top of that list. There could be hundreds of people before you and steps they take to approve those requests based on account history and the amount. Some days the list might be short and you can get it in hours, but when it's busy it can take longer which is why they tell you 72 hours.

If you put your request in after noon today I doubt you get it today, most likely Monday. Not because they want you to lose what you have left and cancel the withdrawal, but because you are not their only customer and others requested before you.
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Old 06-16-2017, 07:38 PM   #2252
zooeyglass2
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Re: Bitcoin Deposits and Withdraws

actually came through and was in my coinbase account when I just checked. I have it set up where I can sell by BTCs and instantly cash out to my PayPal debit card so that is nice.
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Old 06-17-2017, 07:50 AM   #2253
gradx
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by Max Cut View Post
Aren't all of those relying on an ability to predict market movement? My takeaway is that there is no inherent advantage to doing it with player transactions rather than their own funds. Perhaps you can convince me by showing the steps for individual deposits / withdrawals.
There are 2 big pieces of the equation you're missing.

1. ACR is itself, an exchange. Customers are depositing and withdrawing. Their holdings are not fluid as a normal investor

2. When ACR needs to go to the open market to fill a BTC request, they have multiple exchanges with varying prices.

I'm not going to get into the hypotheticals. If you can't see the business case for investing (or divesting) the accumulated BTC holdings of normal business operations using forecasted supply & demand as is done in many other industries....
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Old 06-17-2017, 10:23 AM   #2254
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Re: Bitcoin Deposits and Withdraws

What are the best alternatives to CoinBase? I can't deal with Coinbase's extremely slow customer service.
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Old 06-17-2017, 10:32 AM   #2255
Max Cut
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by gradx View Post
There are 2 big pieces of the equation you're missing.

1. ACR is itself, an exchange. Customers are depositing and withdrawing. Their holdings are not fluid as a normal investor

2. When ACR needs to go to the open market to fill a BTC request, they have multiple exchanges with varying prices.

I'm not going to get into the hypotheticals. If you can't see the business case for investing (or divesting) the accumulated BTC holdings of normal business operations using forecasted supply & demand as is done in many other industries....
Thanks for taking the time to engage. While I do understand both of those points, I'm definitely not an expert, so I could easily be incorrect and missing something.

It does seem like there would be a way to show a relatively simple example of where they can profit by choosing how long to delay a cashout (specifically, when to transfer bitcoin to the player).

When a cashout request is submitted they hold dollars and their decisions are when to exchange them to bitcoin and when to transfer bitcoin to the player. As you point out, they potentially have additional decisions about how much btc and dollars to hold in reserve.

I'm genuinely interested in how they could exploit the decision of when to transfer bitcoin to the player.
 
Old 06-17-2017, 10:38 AM   #2256
Max Cut
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by blobbloblob View Post
What are the best alternatives to CoinBase? I can't deal with Coinbase's extremely slow customer service.
Just an FYI, in case you get insufficient answers here.

forumserver.twoplustwo.com/28/internet-poker/bitcoin-online-poker-1039832/

forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/
 
Old 06-17-2017, 10:45 AM   #2257
matt0216
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by blobbloblob View Post
What are the best alternatives to CoinBase? I can't deal with Coinbase's extremely slow customer service.
https://gemini.com/
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Old 06-18-2017, 12:41 AM   #2258
Molliwhopped
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Re: Bitcoin Deposits and Withdraws

yea i agree. gemini is a really good alternative. the only problem is that it takes 7-12 days to get verified nowadays cus they have so much traffic
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Old 06-19-2017, 08:29 AM   #2259
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Re: Bitcoin Deposits and Withdraws

Requested my first bitcoin withdrawal this morning. So is it safe to withdraw to my blockchain then send it to my coinbase? And then transfer from my coinbase to my bank account? I just want to make sure I'm taking the safest route possible. I don't want any problems with my coinbase account. If anyone has some advice on what I should do I would greatly appreciate it. Thank you.
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Old 06-19-2017, 02:26 PM   #2260
goodsaint
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Re: Bitcoin Deposits and Withdraws

Follow your outlined steps.
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Old 06-19-2017, 04:06 PM   #2261
matt0216
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by Clevername69 View Post
Requested my first bitcoin withdrawal this morning. So is it safe to withdraw to my blockchain then send it to my coinbase? And then transfer from my coinbase to my bank account? I just want to make sure I'm taking the safest route possible. I don't want any problems with my coinbase account. If anyone has some advice on what I should do I would greatly appreciate it. Thank you.
Poker site > Wallet (blockchain works) > Coinbase > Bank

It's not foolproof though; Coinbase may still ask questions one day.
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Old 06-19-2017, 07:55 PM   #2262
Clevername69
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by Clevername69 View Post
Requested my first bitcoin withdrawal this morning. So is it safe to withdraw to my blockchain then send it to my coinbase? And then transfer from my coinbase to my bank account? I just want to make sure I'm taking the safest route possible. I don't want any problems with my coinbase account. If anyone has some advice on what I should do I would greatly appreciate it. Thank you.
Received funds in my bitcoin wallet same day! Very pleased with the speed of this method props to WPN for this. The only downside is the fees from coinbase to get funds off. Other than that no complaints.
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Old 06-19-2017, 08:12 PM   #2263
goodsaint
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by Clevername69 View Post
Received funds in my bitcoin wallet same day! Very pleased with the speed of this method props to WPN for this. The only downside is the fees from coinbase to get funds off. Other than that no complaints.
Visa bitpay card could be your friend.
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Old 06-20-2017, 05:56 PM   #2264
kwawds
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Re: Bitcoin Deposits and Withdraws

Requested 6/20 4:50pmCT
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Old 06-22-2017, 08:48 AM   #2265
InItForGlory
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Re: Bitcoin Deposits and Withdraws

6/21 $6500 requested, first BTC withdrawal attempt.


Sent from my iPhone using Tapatalk
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Old 06-22-2017, 09:44 AM   #2266
hdrodriguez
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by Clevername69 View Post
Requested my first bitcoin withdrawal this morning. So is it safe to withdraw to my blockchain then send it to my coinbase? And then transfer from my coinbase to my bank account? I just want to make sure I'm taking the safest route possible. I don't want any problems with my coinbase account. If anyone has some advice on what I should do I would greatly appreciate it. Thank you.


Yes that is the best way to do
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Old 06-25-2017, 03:54 PM   #2267
InItForGlory
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by InItForGlory View Post
6/21 $6500 requested, first BTC withdrawal attempt.


Sent from my iPhone using Tapatalk
They emailed and called me twice to confirm amount and address. Then ended up cancelling because they said I didn't confirm. WTF? Pretty awful internal communication.
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Old 06-25-2017, 04:41 PM   #2268
billburr
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Re: Bitcoin Deposits and Withdraws

Guys when you deposit onto ACR using bitcoin, is the price guaranteed when you make the deposit with a time window, or do you end up with whatever funds it is when it's "confirmed"? I noticed on ignition the price is guaranteed, but on betonline it sucks, I deposited $9500, but my balance was like $93xx caause it took forever to confirm. Which is it at ACR?
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Old 06-25-2017, 08:25 PM   #2269
goodsaint
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by billburr View Post
Guys when you deposit onto ACR using bitcoin, is the price guaranteed when you make the deposit with a time window, or do you end up with whatever funds it is when it's "confirmed"? I noticed on ignition the price is guaranteed, but on betonline it sucks, I deposited $9500, but my balance was like $93xx caause it took forever to confirm. Which is it at ACR?
Probably best to ask site reps. To speed up your confirmations, increase the miners' fee in your wallet when sending.
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Old 06-30-2017, 06:01 PM   #2270
SpadeWar
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Re: Bitcoin Deposits and Withdraws

6/26 bitcoin Max Withdrawal $10,000

received in less than 12 hours the same day!

Great job!
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Old 07-01-2017, 09:18 PM   #2271
Damani311
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Re: Bitcoin Deposits and Withdraws

so if I'm requesting a Withdrawal via BTC, I just go to the withdrawal section, choose BTC, and put that longass ## that is my blockchain account in, the $ amount, and hit withdraw?

And it'll show up in my Blockchain account at some point?
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Old 07-01-2017, 10:31 PM   #2272
goodsaint
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by Damani311 View Post
so if I'm requesting a Withdrawal via BTC, I just go to the withdrawal section, choose BTC, and put that longass ## that is my blockchain account in, the $ amount, and hit withdraw?

And it'll show up in my Blockchain account at some point?
As long as you have the BTC cash out option. And verified your account. You should be good to go. Hopefully, you're referring to an address obtained from Blockchain and not your Blockchain account #.
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Old 07-02-2017, 01:11 AM   #2273
Damani311
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by goodsaint View Post
As long as you have the BTC cash out option. And verified your account. You should be good to go. Hopefully, you're referring to an address obtained from Blockchain and not your Blockchain account #.
i click "request" in blockchain and give them that ### right?
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Old 07-02-2017, 03:20 PM   #2274
goodsaint
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by Damani311 View Post
i click "request" in blockchain and give them that ### right?
All day long.
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Old 07-02-2017, 07:35 PM   #2275
Damani311
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Re: Bitcoin Deposits and Withdraws

Quote:
Originally Posted by goodsaint View Post
All day long.
do i need to follow through and finish the request on the blockchain end?

like putting the same $ amount I put in the cashout request
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