Bitcoin deposits????

#1 December 5th, 2020, 10:04 PM

I noticed a little difference while depositing cryptocurrency... the site says I deposit this amount but when the deposit completes i.get a few dollars less... anyone have any insight? I know bitcoin fluctuates but the amount I deposit should stay at said amount no matter what the price is???

#2 December 5th, 2020, 10:22 PM

Originally Posted by KizherXVII

I noticed a little difference while depositing cryptocurrency... the site says I deposit this amount but when the deposit completes i.get a few dollars less... anyone have any insight? I know bitcoin fluctuates but the amount I deposit should stay at said amount no matter what the price is???

What poker site are you using and are you taking into account the miners fee for the transaction? FYI the fee to send bitcoin is usually a few dollars but if you use Litecoin the fee is from $0.01-0.03 max. Bitcoin Cash and Ethereum also have lower fees and faster transaction times.

#3 December 5th, 2020, 11:00 PM

I see you are talking dollars as deposit currency, so I think the deposit amount you get is going to be the price of bitcoin in dollars at the time the poker site receives the bitcoin not the price when you sent it or any other time.

#4 December 5th, 2020, 11:35 PM

I always make my deposit as fast as possible, but still sometimes it will fluctuate.
I left a little on the site to see what will happen.

#5 December 6th, 2020, 5:31 PM

Originally Posted by KizherXVII

I noticed a little difference while depositing cryptocurrency... the site says I deposit this amount but when the deposit completes i.get a few dollars less... anyone have any insight? I know bitcoin fluctuates but the amount I deposit should stay at said amount no matter what the price is???

I did a test a few minutes ago. I deposited $65. Start from Bank to ----> CashApp (purchase bitcoin) to----> Blockchain wallet, to -------> Americas Cardroom..... Total in Americas Cardroom as deposit $63.26 from original starting point of $65.
Less than 5 minutes Start to finish.

#6 December 9th, 2020, 5:52 AM

Originally Posted by smallfrie

I did a test a few minutes ago. I deposited $65. Start from Bank to ----> CashApp (purchase bitcoin) to----> Blockchain wallet, to -------> Americas Cardroom..... Total in Americas Cardroom as deposit $63.26 from original starting point of $65.
Less than 5 minutes Start to finish.

The value went down cos bitcoin market is down today.If you send on the day market is green and btc is going up , you would have got more than 65. The price depends upon the market fluctuation

#7 December 9th, 2020, 7:32 AM

Originally Posted by veltins

The value went down cos bitcoin market is down today.If you send on the day market is green and btc is going up , you would have got more than 65. The price depends upon the market fluctuation

#8 December 9th, 2020, 9:15 AM

My dad used to always tell me that "everyone is looking to get a cut, don't let them if you can." PayPal has fees, bitcoin has miners fees, coinbase the crypto trading platform has fees, everyone wants a cut and thats just how they make money. You can't expect to use 4 different 3rd parties to finally send your 65 dollars (in 5 minutes no less which is gonna be a huge miners fee) without taking their cut. That's just how it is unfortunately.

#9 December 9th, 2020, 3:04 PM

I love the people on this site missing the obvious point of how low the fee and fluctuation is on my demonstration. People continue to amaze me. Poker will never die, people prove that with keystroke after keystroke, it really makes me chuckle.

Similar Threads for: Bitcoin deposits????
Thread	Replies	Last Post	Forum
Black Chip Poker - How to create Bitcoin and withdraw to Bitcoin	0	May 3rd, 2020 12:40 PM	Poker Deposits & Withdrawals
Deposits Denied due to association with another player	4	October 28th, 2019 10:42 PM	Poker Deposits & Withdrawals
Bovada prepaid cc deposits	6	October 4th, 2019 2:24 AM	Poker Deposits & Withdrawals
Deposits and withdrawals	4	September 6th, 2019 2:58 AM	Poker Deposits & Withdrawals

Similar Threads for: Bitcoin deposits???? > Texas Hold'em Poker
Thread	Replies	Last Post	Forum
Black Chip Poker - How to create Bitcoin and withdraw to Bitcoin	0	May 3rd, 2020 12:40 PM	Poker Deposits & Withdrawals
Deposits Denied due to association with another player	4	October 28th, 2019 10:42 PM	Poker Deposits & Withdrawals
Bovada prepaid cc deposits	6	October 4th, 2019 2:24 AM	Poker Deposits & Withdrawals
Deposits and withdrawals	4	September 6th, 2019 2:58 AM	Poker Deposits & Withdrawals

Bitcoin deposits????

Why more than 329,691 poker players have joined CardsChat