Withdrawing via bitcoin

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    Last post ago 8 months by trpschick
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    trpschick

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        trpschick

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        I have a bitcoin wallet with coin base.  I have never used bitcoins but was wondering if I make a deposit in a casino using my cc can I withdraw using the bitcoin method and if so how is that done? From what I have read in some of the threads it sounds like a pretty good way to receive your winnings.  I am just not familiar with it and am wondering just how difficult it is to get it from your bitcoin wallet into your bank account since I have never withdrawn that way.  Any help would be appreciated.
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        cheetahwind

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        If you use Coinbase they'll allow you to sell your coin directly to them, and then in turn they'll turn you coin into an ACH withdrawal, which took me about 5 business days on average to get that direct deposit.

        Otherwise there are plenty of people on LocalBitCoins.com who will also turn your coin into cash, but much much faster.  Not at the exact rate that is being advertised as the daily BTC rate, but it should be close enough for you to want to use them.

        Also Paxful can also be a good way to turn your coins into cash.

        If your looking to do some shopping, may I suggest using CardCash.com to turn your BTC into something you can use in real life.  I just got a $50.00 Applebee's Gift Card for $40.00 and also got a $100 Wal Mart Gift Card for $98.00.  These are all eCards so you can use them right away at the establishment you wish to use them for.  Also Gyft.com is pretty good place for getting gift cards too.

        Just a few things for you to think about.
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        trpschick

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        Thanks, I guess the bitcoin thing is really a great thing for us US players.  I hope more casinos will start using that as a method for withdrawal.  I just withdrew for the first time at Casino Extreme using the bitcoin method and it was GREAT! The money was in my wallet within a couple of hours and I immediately cashed it out to my bank account and it will be there by Monday.  Pretty darn fast since it is over a weekend. I am really happy!

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