I am a ACR player,the ID is qianshan.I used bitcoin deposit 190$ to my account,I transfered 0.68318291 btc ,you can see here:https://blockchain.info/address/1ABq...pWrjE8y5URsG3L.
I still do not get my deposit on my ACR account.I contact the ACR email support and live chat at least 10 times,always let me wait,but my bitcoin take away by them on 2015.1.13!

It looks like your btc was sent from two different wallets... did you cashout from one site and have it sent directly to ACR?. If that is the case, then you'll have to have support issue you a refund, as they won't process btc deposits unless they come from one address.

Hey ice wolf, thanks for the helpful replies and info about bitcoin. I see your posts in other threads too.

I forgot to mention that they will refund back to a single wallet (I went through this process last week). So they'll refund to a single wallet, and then you can turn right around and do the deposit again.

Hmm, that's interesting... not sure why they'd have it like that. As long as it's all sent in the same transaction it shouldn't matter to them.

If you were depositing 1 bitcoin, your wallet might need to take .6 from one address and .4 from another and group them together.

Seems like this problem is gonna come up a lot for them.

I deposit a single wallet address by my bitcoin core not a site,I do thay more than 3 times,other deposit no problems.
I got a email today show:
Thanks a lot for your email; it is a pleasure to assist you.
After checking with our processor, we issue the corresponding refund on 1/13/2014, you can see the BitCoin chain here:
https://blockchain.info/address/1ABq...pWrjE8y5URsG3L

but I see the refund to other bitcoin address,not my deposit address.

I am new to Bitcoin obviously.
Can someone please explain the process of turning a BCP Bitcoin cashout into cash in hand?

I was on Localbitcoins.com. When I put in to sell $300 the highest offer i saw was like $204 or something. Am i missing something here or is that pretty expensive?

Thanks for any info.

That is pretty expensive, on lbc you have traders that trade for a profit, the best way without taking too much of a lost is to either be a known trader on lbc where you can be the one to charge extra, or use coinbase or circle if you are in the US to cash out to your bank account kind of like a paypal for bitcoin.

Thank you for the info.
Ill do more research before using it.
I was hoping it would be cheaper than a money transfer.

Coinbase and Circle are definitely the easiest and cheapest options.

Coinbase only charges 1%, and Circle doesn't charge a fee at all.

Like Clipz said, it works like a PayPal or Neteller and they ACH the money in to your bank account within a few days.

omg

now I know why ive had so many fed up deposits over the last year

thanks!

Here's a good starting point: http://www.coindesk.com/information/

So I just set up a coinbase account , and am waiting for the deposits to go to my bank to verify it


So is this as simple as I think? I request a deposit , it says exactly what to send in BTC currency. It sends from my coinbase wallet. ACR gets it - makes it $. I play. Then I can withdraw BTC (or cash?) and from coinbase I can convert my BTC to cash?

Am I missing anything ?


Would be nice to use because NY you can't deposit debit cards and this seems super convienant for me.

You got it exactly! BUT you should be sending your wpn withdrawal to another wallet then to coinbase because coinbase isn't gambling friendly and could lead to problems... another 2p2r recommended Xapo for an intermediary wallet and xapo also is launching a debit card option where you can pay with bitcoins in your wallet! You can also just create your own wallet and store on ur pc, just as long as your money doesn't come from WPN's processors straight to coinbase.

You threw me off a little at the end. What do you mean create my own wallet ?

If I open an account on "XAPO" but I sent via coinbase... Do I tell ACR to send $ to my XAPO account ? Or will it be an issue cuz I sent via coinbase ?

If you are planning on selling your btc right away, each time you cash out, don't worry about the creating your own wallet bit.

If you open an account at one of the online wallets (Blockchain.info, Xapo, etc), it won't be an issue when you cashout. When you go to cashout, WPN will ask you for the address to send it to, you'll give them the address for your online wallet, and WPN will send it there. From there, you can send it to Coinbase, and once received, you can sell the btc and have the money in your bank account in about 2-3 days.

Also something to keep in mind that I haven't seen mentioned in here yet is that not all banks are Bitcoin-friendly, and some users have had their bank accounts threatened/closed due to dealing with Coinbase. I haven't read about it often, but it is probably something that people should be aware of.

Ahhh
So coinbase isn't a "wallet"? It's just a "base" people buy and transfer funds to dollars?

If can be a wallet as well, but Coinbase has gone out of their way to show that they basically do not want to be a payment processor for gambling companies. This is why it is suggested that you use an intermediary (one of the other online wallets).

basically you're trying to create a buffer between coinbase and anything gambling related as to not peak their interest if that makes sense. ice explained the process well.

Is there any reason why someone would do bitcoin over a p2p transfer such as moneygram or WU?

or request a check to be mailed.

Only one I could think of is no chance of a scam or if trades for the amount desired to withdraw are not available.

scam? Depositing via moneygram? Is this what you meant?

And I get my checks on time from ACR when I cash out.

just seems like a lot of extra buttons. Im just missing the convenience of it.

Is it so states that weren't allowed before could now play, because of Bitcoin?

No you asked why someone would chose bitcoin, wu, or check over p2p transfer unless I read it wrong. My thought is to avoid a potential scam from p2p transfer if they are uneasy about it.

*Edit I thought p2p you were refering to p2p trade thread in the forums nevermind.

Several reasons:

1) Speed- Cashout times from WPN to your BTC wallet is measured in hours... not days or weeks. From there, you can sell (at a cost) through local bitcoins and have cash that day or sell at a site like Coinbase and have the money in your bank account in 2-3 days.

2) Money movement- Max check is $2,995, MG is $900, WU is $550, debit card is $2,500, and Pay2Card is $2,500 and comes with a fee (these are based on what I have). Bitcoin is 10k per transaction.. with a 100k max per DAY. The other options can't come anywhere near that.

3) Security reasons- Too many cashouts to MG/WU and you can find yourself blacklisted. Checks can sometimes get caught up in the mail or bounce. There is a small worry about having your account closed with a site like Coinbase, but as long as you do what is suggested- send money from WPN to a different wallet or two before moving to CB- then you should have no issues.

That post nailed it.

Going thru the steps can seem complicated at first if you're unfamiliar with Bitcoin, but it really is easy.

I would highly recommend setting up an account on Circle and at least doing a small withdrawal just to get a feel of how easy and quick it is.

You can go from WPN to money in your bank account within a few days... for free.