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Question Regarding BTC Deposits/Withdrawals

Views: 516
Posts: 3
Participation Meter
Joined: Dec, 2011
Posts: 443
Posted: #1

Hello everyone,


I’ve been a Sports Investor for decades.  I’m old fashioned, so I would still use the MG/WU method of deposits/payouts, regardless of the positive things people would say to me about Bitcoin.  Well, for whatever reason, I don’t think that’s an option anymore for me.  I used my first deposit using a Bitcoin two weeks ago using Bread Wallet & a Bitcoin ATM with cash, against my Sportsbook’s recommendation (I’d rather not give my bank account info with Coinbase, for these types of transactions).  My question is: for withdrawals, should/can I use the same procedure for payouts (request withdrawal, get address, add to Bread Wallet, and scan at a Bitcoin ATM) to receive money in a timely/safer fashion, or is there a better way?  Not looking to use my bank account/credit cards, if possible.  Thank you for your responses and insight on the matter, in advance...

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Participation Meter
Joined: Apr, 2018
Posts: 43
Posted: #2

If you don't want to sell your Bitcoin to and exchange like Coinbase or Gemini, then your method is the best one.

You have to remember that when selling your Bitcoin at an ATM, you aren't getting as good of a BTC/USD exchange rate as you would at Coinbase.  

You might want to try for another free wallet option. 
Participation Meter
Joined: Aug, 2014
Posts: 35
Posted: #3

Hi GuardiaDeMieux, 

I'm Ronnie the community manager at Cloudbet, nice to e-meet you! :) 

We've recently launched a blog with the intention of making the world of cryptocurrency a little bit easier to navigate, featuring guides on how to purchase bitcoin, using a wallet, transaction fees, and many others that you might find handy:

If you have any specific questions please let me know and I'll be happy to help wherever I can. 

Have a great day! 




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