Bitcoin-only Deposit/Withdrawal & Discussion Thread - Page 6 - Winning Poker Network -- Two Plus Two Poker Forums

1st post LOL ok so im pretty new to bitcoin, forum has been helpful, so my question is that when you cash out with Btc you want to transfer it to a btc wallet (blockchain) and then transfer to coinbase, is this correct> any help is appreciated

02-07-2015 , 05:36 PM

#128

Ice_W0lf

Tremendous

Join Date: Sep 2007 Posts: 13,530

Correct

02-09-2015 , 03:20 PM

#129

farmslicer7

veteran

Join Date: Oct 2006 Posts: 2,066

Anyone get a bitcoin payout lately? been waiting since Wednesday for mine.

02-09-2015 , 06:07 PM

#130

Taang21

enthusiast

Join Date: Aug 2010 Posts: 74

Quote:

Originally Posted by farmslicer7

Anyone get a bitcoin payout lately? been waiting since Wednesday for mine.

I've been waiting since Thursday myself. I have contacted support and they have told me it takes 24-48 business hours. Kinda hoping it goes through sometime tonight.

02-09-2015 , 06:12 PM

#131

bigheadal

journeyman

Join Date: Oct 2011 Posts: 269

I requested one Saturday early morning (4am PST, right when it opened), Luca G on support just told me 24-48 hours to be approved and then 3-5 business days to be sent.

If that's accurate that's extremely disappointing, the entire point of bitcoin is speedy deposits and withdrawals.

Last edited by bigheadal; 02-09-2015 at 06:17 PM.

02-09-2015 , 06:37 PM

#132

Max Cut

Guest

Posts: n/a

Disappointing for sure. But it is still relatively quick. In my opinion, the big downside would be being exposed to bitcoin volatility for as long as a week.

02-09-2015 , 07:09 PM

#133

Lord of Donk Town

journeyman

Join Date: Jan 2009 Posts: 211

Quote:

Originally Posted by farmslicer7

Anyone get a bitcoin payout lately? been waiting since Wednesday for mine.

Requested Thursday and received mine a few hours ago.

Quote:

Originally Posted by Max Cut

Disappointing for sure. But it is still relatively quick. In my opinion, the big downside would be being exposed to bitcoin volatility for as long as a week.

Any idea when they lock in the price? When you request it or 3 days later when they actually pay out?

02-09-2015 , 07:11 PM

#134

Max Cut

Guest

Posts: n/a

Quote:

Originally Posted by Lord of Donk Town

Any idea when they lock in the price? When you request it or 3 days later when they actually pay out?

Unless there's been a change, it's locked when you make the request.

02-09-2015 , 08:04 PM

#135

farmslicer7

veteran

Join Date: Oct 2006 Posts: 2,066

Quote:

Originally Posted by Lord of Donk Town

Requested Thursday and received mine a few hours ago.

Same here. Requested another, hopefully this one comes faster.

02-09-2015 , 09:37 PM

#136

PaulyJames200x

Pooh-Bah

Join Date: Aug 2014 Posts: 4,027

Quote:

Originally Posted by farmslicer7

Same here. Requested another, hopefully this one comes faster.

You could request more than 1 bitcoin withdraw a week? i was told its once a week.

Also what is the max amount of bitcoin you can withdraw? Support tells me its 5k max for everyone but some ppl mention its 10k for them.

02-10-2015 , 04:00 AM

#137

nnstrt

banned

Join Date: Apr 2014 Posts: 408

Do they show the address that it is being sent to in the history or somewhere after you make the withdrawal? So that there are no mix ups if it doesn't get sent to the address you entered

02-10-2015 , 10:50 AM

#138

czGLoRy

Pooh-Bah

Join Date: Aug 2006 Posts: 3,580

Quote:

Originally Posted by fozzy71

Circle doesn't charge fees but your CC/Bank likely will. The first time I used Circle I did it for some work testing and used my CC like a moron and got hit with a $10 cash advance fee. When I transferred from my CU checking account to circle it only cost me $1.

depends on your bank, it charges me a few percent, but I think most American banks don't get charged. I get charged a couple of percent from circle and a few percent from the bank when I purchase through circle.

02-10-2015 , 11:31 AM

#139

WPN_REP

Winning Poker Network Rep

Join Date: Oct 2013 Posts: 457

Quote:

Originally Posted by PaulyJames200x

You could request more than 1 bitcoin withdraw a week? i was told its once a week.
Hey for payout you can request one a day, 4 per week and 5 monthly.

Also what is the max amount of bitcoin you can withdraw? Support tells me its 5k max for everyone but some ppl mention its 10k for them.

Daily Payout $5k
Weekly $20k
Monthly $25k

02-10-2015 , 12:50 PM

#140

Ice_W0lf

Tremendous

Join Date: Sep 2007 Posts: 13,530

That dropped dramatically.. and very quickly.

02-10-2015 , 03:13 PM

#141

PaulyJames200x

Pooh-Bah

Join Date: Aug 2014 Posts: 4,027

Quote:

Originally Posted by Ice_W0lf

That dropped dramatically.. and very quickly.

What do you mean by this?

02-10-2015 , 03:15 PM

#142

PaulyJames200x

Pooh-Bah

Join Date: Aug 2014 Posts: 4,027

Quote:

Originally Posted by WPN_REP

Daily Payout $5k
Weekly $20k
Monthly $25k

Is this per skin? Thus you could do this each for bcp, acr, true? Also what about bookmaker/******? So its 25k monthly for each site?

Thus bcp, acr, true, bookmaker and ****** each 25k monthly or all combined?

02-10-2015 , 03:27 PM

#143

ship

adept

Join Date: Aug 2008 Posts: 852

so I notice the volatility is pretty substantial (it opened at like 226 yesterday and was at 215 within hours) so does anyone have any info regarding the cashouts they've experienced with them? it seems a viable option and means of actually earning money on your cashout if requested at the proper time (assuming it doesn't continue to crumble, which it appears to be doing)

it also seems like it shouldn't much matter? how big of a swing will you realistically be taking, 5%?

a response via pm would be much appreciated and preferred.

02-10-2015 , 03:42 PM

#144

Ice_W0lf

Tremendous

Join Date: Sep 2007 Posts: 13,530

Quote:

Originally Posted by PaulyJames200x

What do you mean by this?

Less than a month ago, Winning_TD said that payouts were 10k max per transaction with a daily limit of 100k.

02-10-2015 , 04:07 PM

#145

PaulyJames200x

Pooh-Bah

Join Date: Aug 2014 Posts: 4,027

Quote:

Originally Posted by Ice_W0lf

Less than a month ago, Winning_TD said that payouts were 10k max per transaction with a daily limit of 100k.

Ah okay thanks.

02-10-2015 , 09:59 PM

#146

Max Cut

Guest

Posts: n/a

Quote:

Originally Posted by ship

If you want to do short-term speculation on bitcoin, there are much better ways than on a cashout transaction where the transfer timing is under someone else's control. There have been recent fluctuations much larger than 5% over the time-spans recently posted for cashing out (there was a drop of more than 30% over two days a month ago).

02-11-2015 , 04:06 AM

#147

Samatakin

stranger

Join Date: Aug 2009 Posts: 5

Circuitsam on Localbitcoins, Seals

Last edited by Mike Haven; 02-11-2015 at 07:07 PM.

02-11-2015 , 05:43 PM

#148

GrimeRat420

veteran

Join Date: Aug 2010 Posts: 2,973

Thanks for the help on here guys, just did my 1st bitcoin withdrawal- took a little less than 48 hours to complete.
"Every time you withdraw you want to make sure that you generate a new address in your blockchain wallet." I dont understand this part. how important is this and how do I make a new one every time?

02-11-2015 , 08:06 PM

#149

EndTheFed

grinder

Join Date: Apr 2013 Posts: 581

Quote:

Originally Posted by GrimeRat420

If you're using a blockchain.info wallet there's a new address button in the "recieve money" tab.

It only takes a second and you can create as many new addresses as you want inside of your wallet.

The reason for using new addresses every time is that it makes your transactions more difficult to track and link together.

That's a good thing anyways, and especially when doing something like poker transactions.

https://bitcoin.org/en/protect-your-privacy

Quote:

Use new addresses to receive payments

To protect your privacy, you should use a new Bitcoin address each time you receive a new payment. Additionally, you can use multiple wallets for different purposes. Doing so allows you to isolate each of your transactions in such a way that it is not possible to associate them all together. People who send you money cannot see what other Bitcoin addresses you own and what you do with them. This is probably the most important advice you should keep in mind.