When you make a bitcoin deposit you type in the dollar amount you want to deposit and gives you a bitcoin amount and then an address to send to.

Does that rate get locked in right there? How does that work? What if it takes you 3 hours to send the bitcoin and price has changed a lot?

Yes, that rate gets locked in but only for 15 minutes. After 15 minutes the transaction is cancelled.

Nice. So if I deposit on weekends will it also be instant? How long do bitcoin deposits take generally?

As far as I know, the deposits go through quickly at all times. The only bitcoin deposit I've done was a $5 test deposit. It was on a Sunday and took 25 minutes to clear. I think you want to be sure to include the miner's fee when sending; it's a very small amount.

Ah. Now what happens if you send a different amount to your assigned address by just a little bit? Because some wallets take the .00005 fee or whatever off of what you send. So say you send 5 btc to address, they will actually only send 4.99995.

I don't know the answer to that.

Ok I got the answer. You must send the EXACT amount. Or else your transaction will not go through. So if it is 1.99991 and you send 1.9999 it will not work.

You will have to provide info and they will refund it back to u, lol.

I'm pretty sure the deposits are processed automatically... I tested it during the middle of the night and it still went through fine.

The amount of time in minutes will vary depending on the Bitcoin network, but I think both of my deposits were available after 4 confirmations.

That might take anywhere from a few minutes to a couple hours.

You can check how many confirmations your transaction has in real time by going to blockchain.info and pasting the deposit address in to the search box.

took me ~20-30 minutes for my last BTC deposit to be credited. Great experience and it is infinitely better than banking withdraws as well (True Poker)

in the cashier, just send to the address

The option is located under "Popular e-Wallet" on the deposit screen.

I'm not expert enough to give a tutorial so I suggest reading the two bitcoin threads as a start. There's at least one link to information on how to get started with bitcoin in one of them.

So i spoke to wpn about cashing out via bitcoin... i deposited via skrill. Said i dont even need to deposit btc to withdraw btc. They tell me cashouts take 24-48 hours for approval and another 3-5 business days for the bitcoin to be deposited to my bitcoin wallet. Is it really that long? I see people here mention its the same day.


Also... so basically the current price thats locked at the moment on the cashier page, that is the amount of btc i will receive? Example say i want to withdraw $1000 usd worth of btc. It would be 4.45633 BTC. So the price is locked the moment i request the withdraw? So that means whether i receive it later today or the next day or following day... i will receive exactly 4.45633 BTC? Thus if btc goes higher during the period from cashout till hitting my bitcoin wallet, then i gained some money but if it goes down, i lose some money? Thus i just know that the moment i receive btc in my blockchain, it would be 4.45633 btc no matter what?


Another question i have is i created a coinbase account. So basically once i verify my bank details, then i would be able to sell it and receive an ach deposit within a few days? Another thing i wanted to know is do you need to put in a phone number for 2 factor authorization? Im not in the us now and thus my cell im not sure if i could receive text messages or not. If i do, does that mean i get a text on my phone each time i do a transaction on coinbase or its even each time i try to log in from there?


Another thing is blockchain. Which factor authorization are you all using? I assume most just use sms? If not sms, which is 2nd best option? Email or google authentiator? I never heard of that and theres one other option.


So basically with coinbase and blockchain, im good to go?


Also so basically theres no fees at all withdrawing bitcoin from them except that miners fee which i hear about which is like 10 cents or so?

I never deposited to play on WPN. I funded my BCP account with a player transfer (gave a friend cash). I cashed out via BTC recently without issue and my btc amount was locked in. By the time my $100 cash out hit my circle wallet it had gone up a % or two.

I haven't tested a withdrawal myself yet, but from what others have said it doesn't take too long. You just want to make sure you do it during the daytime hours listed on the page. And once they send the bitcoin it shouldn't take more than an hour to be confirmed if they've paid the mining fee.

That's right.

Yes, it's always been about 2 or 3 business days for me.

I don't think you have to use the text message 2 factor authorization for logging in, but you might have to verify a phone number with them at least once when you first sign up.

Yeah. If you're just going to be passing your bitcoin thru and then sending to Coinbase a blockchain wallet will work fine.


Yeah, I haven't seen anyone mention a separate withdrawal fee from WPN.

And when you send from your blockchain wallet to Coinbase you'll want to include a 0.0001 fee... which is like 2 cents right now.

ok so i did just read your post above....which helps me a ton but I also have some questions about bitcoin WDs.

I play on True Poker and only recently gained the option to cashout with bitcoins....I also have a Coinbase account(already fully verified) but I've heard of people saying Coinbase will close your account or something for gambling transactions???

Can someone give a link or post the full step-by-step process for cashing out like this specifically for Coinbase.

Is it safe to withdraw 5-10k worth of bitcoin from coinbase into my checking account in major bank? How likely is an account to be shut down due to bank not wanting to deal with coinbase?

I'll try a basic overview:

- Log in to your Blockchain.info wallet
- Click on "Recieve Money" tab
- Click on "New Address" button
- Withdraw bitcoin from WPN to that address
- Log in to Coinbase account
- Click "Recieve" and copy the address it gives you
- Send bitcoin from Blockchain.info to Coinbase address

Every time you withdraw you want to make sure that you generate a new address in your blockchain wallet.


Coinbase and bitcoin are legal, so technically it should be fine. They have a $10k a day sell limit, so there are others out there doing it without issue.

It's tough to say though... I have heard a few stories of banks closing accounts because of bitcoin activity. Just depends on the bank and whether they think it's a risk or not.

If you want to be sure you can ask the bank before hand. I've also heard about people who've asked and their bank was totally cool with it.

And with Coinbase just recently raising $75 million from NYSE and BBVA banks should be more comfortable with them going forward.

My bitcoin deposit option disappeared after contacting support and telling them that the bitcoin deposit was having issues in the cashier. I would get to the bitcoin deposit screen where you select an amount in USD and put in a promotion code but when I clicked the button it would load a page saying the deposit had failed. Now the option no longer appears in the cashier.

Go take a nap kid. You've done nothing but bitch since yesterday.

Support has confirmed Bitcoin deposit/withdrawals are currently down with no time frame on them being back up.

i have a bitcoin withdrawal pending from yesterday that is apparently going to be stuck in limbo for a while... yay

and the reason is?

Really fkn sucks to rely on Bitcoin now and have all my money on there just to have the option ganked away.

And it isn't easy solution the girl on the phone after 10 min of pushing her that there isn't a payment processor for Bitcoin any more and this is from someone who has deposited over 6k in Bitcoin in the last 2 weeks.

So what's the solution now ?

lol I'm sure there's a reason why you're unwilling to give them your ID...and then throw a temper tantrum like a 5 year old when you realize you still need to send in your docs to get your account verified.

honestly, i'm glad WPN is making it hard for cheaters/scumbags and little underage kids like yourself to move funds on/off the site. you think just because they added Bitcoin they are suddenly going to turn a blind eye to account verification? lols

as Aaron Rodgers said....R-E-L-A-X

come on now, they only recently added this Bitcoin option to the cashier....and now they have some issues & people are freaking out? unless I'm missing something HUGE, I would just assume its a minor issue and as soon as they can iron it out, we will have the option added back to our cashiers.

overreaction much?

Sounds like a case of bad timing. Unlucky that the bitcoin option has been pulled for everyone just when you got verified.