Bitcoin

Bluffed_AgainBluffed_Again Red Chipper Posts: 90 ✭✭
Anyone using Bitcoin? If so, which wallet did you choose, and what bitcoin exchange did you use to fund the wallet? I tried a bit to get an account going but I couldn't ever get my credit cards to interface with the exchanges.

I must be getting old, technology is starting to get past me.

Russ

Comments

  • Bluffed_AgainBluffed_Again Red Chipper Posts: 90 ✭✭
    @WardoYT certainly you must mean one time use debit cards, rather than a debit card attached to your bank account? I would never use my debit card online. I have, for many years, used credit cards online, for domestic purchases, without any issues. Most poker sites aren't domestic, so I would be hesitant nowadays. Doesn't matter anyways, the credit cards get rejected.

    I tried one of those credit cards that you buy at Walmart or wherever, put money in and then use, that's how I got money on Ignition. But it was such a pain in the ass, and expensive with the fees, that I thought I'd try something else.

    Goal is to get money on ACR so I can use a hud. Gobal Poker is great for what it is, but I'd like to try something else.
  • moldyfishmoldyfish Red Chipper Posts: 94 ✭✭
    I use Coinbase. Really simple. You honestly don’t need to mess around with any coins that are not BTC and ETH in my opinion so their limited options of coins to buy is not a big deal.
  • SliverOverlordSliverOverlord Red Chipper Posts: 323 ✭✭✭
    Coinbase is your best bet. It takes a little to link up cards and accounts... verification and all that (as it should), but I’ve had nothing but good experiences after being with them for a year.
  • KristosKristos Red Chipper Posts: 44 ✭✭
    I use https://www.blockchain.com/ No issues, good experience all around.
  • Bluffed_AgainBluffed_Again Red Chipper Posts: 90 ✭✭
    edited October 2017
    I've gotten started with Coinbase, just waiting on the money to hit my account. My credit cards wouldn't fund it, had to use a direct deposit. There's also, apparently, an issue with coinbase sending money directly to poker sites, I've read coinbase doesn't like this and will close your account. So apparently when my bitcoins arrive I have to get them to my bitcoin wallet and then to the site.

    What a PITA. Thanks US Government.
  • boyd148boyd148 Red Chipper Posts: 92 ✭✭
    There is an article at Upswing Poker about using Bitcoin to play online poker.
  • SliverOverlordSliverOverlord Red Chipper Posts: 323 ✭✭✭
    @Russ I is this recent? I’ve had a few deposits and withdrawals through Coinbase and no issues in the past year.
  • Bluffed_AgainBluffed_Again Red Chipper Posts: 90 ✭✭
    @boyd148 , yep, I have (had) the article open as I was picking an exchange site.

    @SliverOverlord I'm only referencing the above article, which was published Oct 16, 2017. I have absolutely no personal knowledge of the coinbase funding issue other than that. If you're successful, then perhaps I can skip a step using a Bitcoin wallet. I'm still waiting on my money to hit coinbase because my credit card wouldn't process the transaction.

    Here's the article I'm referencing:
    https://www.upswingpoker.com/bitcoin-poker-sites-casinos-benefits/?inf_contact_key=fc8f49d77fc8a80e64a173bde256b37bd15237240cd74f39658621461687324a
  • Bluffed_AgainBluffed_Again Red Chipper Posts: 90 ✭✭
    edited October 2017
    I thought I'd drop in here and give an update on using Coinbase.

    It took 7 days for the transfer from my bank account to hit Coinbase. When it did, I went to ACR to fund my account. The transaction was marked "pending" on my Coinbase screen for about 24 hours. Somewhere around 18 hours I opened a live chat with ACR about it. They said they do not advise using Coinbase because Coinbase is monitored by the US Govt and the IRS. They said transactions typically went through but were very slow.

    After about 24 hours the transaction went through and all is well. Except maybe some clerk in the IRS office has my name on an index card right now :-|

    I dunno if what ACR said is true, maybe Coinbase is just slow. Whatever, I've got $100 on ACR and no doubt I'll be making huuuuuuge withdraws soon :D
  • Ray KRay K Red Chipper Posts: 118 ✭✭
    Coinbase --> Poker sites
    Pretty bad imo, you may not be able to withdraw and your coinbase maybe suspended.

    Better use a medium like blockchain.
  • Mario AMario A Red Chipper Posts: 73 ✭✭
    @Ray K I'm trying to use blockchain and they're having issues verifying my email address. Do you have any suggestions for another medium?
  • Ray KRay K Red Chipper Posts: 118 ✭✭
    Some people are using electrum , haven't tried using it so i'm not sure how that works
  • Curado KevCurado Kev Red Chipper Posts: 18 ✭✭
    For Bitcoin, you need 2 bitcoin accounts with somebody - I use Coinbase/Blockchain and follow instructions here: https://professionalrakeback.com/how-to-set-up-bitcoin-for-online-gambling

    Do not go from Bank -> coinbase -> Poker site. Coinbase will ban you when pulling money back through coin base from poker site. You have to have Blockchain or similar site between Coinbase and poker site. There are many warnings out there, so beware.

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