Circle users Beware!

D

djbh

Enthusiast
Silver Level
Joined
Jul 7, 2007
Total posts
47
Chips
0
Circle is banning accounts associated with gambling transaction. I just had my banned yesterday do not use circle anymore. Im not sure about coinbase tho. If anyone has different bitcoin alternatives let me and everyone know ty
 
supernuts25

supernuts25

Visionary
Silver Level
Joined
Dec 30, 2008
Total posts
884
Chips
0
i had my circle account froze while there verifying i gave them copys of my id and that was 2 weeks ago told me it would be 3-5 days. i posted a thread on it.

i never used it direct to poker though always through a bitcoin wallet first not sure how they can link it though bitcoin is annoymos at least supposed to be
 
supernuts25

supernuts25

Visionary
Silver Level
Joined
Dec 30, 2008
Total posts
884
Chips
0
actually i just checked my circle account is back up and running
 
D

djbh

Enthusiast
Silver Level
Joined
Jul 7, 2007
Total posts
47
Chips
0
i guess ill have to link with wallet first then poker website not circle then poker site
 
mk0523

mk0523

Legend
Silver Level
Joined
Jan 27, 2009
Total posts
1,201
Awards
10
Chips
6
You have to send it from Circle to a wallet(BlockChain) then to a pokersite. If you send it directly from Circle or Coinbase to a pokersite you will get your account frozen and removed.
 
cat24550

cat24550

Legend
Silver Level
Joined
Jul 14, 2012
Total posts
1,103
Awards
4
Chips
3
Thanks for the info guys. I just withdrew mine to blockchain.
 
Zorba

Zorba

27
Platinum Level
Joined
Jul 21, 2007
Total posts
41,800
Awards
15
AQ
Chips
169
Why would anyone bother with putting real money into pretend money, who will you go to if whoever decides to not honour it.

:dontknow:
 
M

Madison

Rising Star
Bronze Level
Joined
Jun 25, 2016
Total posts
4
Chips
0
Its ilegal using bitcoins? Thats what you mean???
 
mk0523

mk0523

Legend
Silver Level
Joined
Jan 27, 2009
Total posts
1,201
Awards
10
Chips
6
It's not illegal to use bitcoins. Sites like coinbase and circle don't want to be associated with gambling because they don't want the government to crack down on them for being connected with online gambling. Just take the extra step that I mentioned above by using blockchain in between deposits and withdrawls and you will be fine.


Deposit on Circle------ Transfer bitcoins over to your block chain account--------- Deposit on pokersite


Withdraw money from poker site to your block chain account------------------ transfer bitcoins to circle-------------- transfer bitcoins into your bank account which will be made into $$$.
 
mk0523

mk0523

Legend
Silver Level
Joined
Jan 27, 2009
Total posts
1,201
Awards
10
Chips
6
Why would anyone bother with putting real money into pretend money, who will you go to if whoever decides to not honour it.

:dontknow:


It's not pretend money, it holds real value. Every pokersite that accepts American players offers bitcoin as a deposit option now. It is the fastest and best way to deposit and withdraw money for American poker players. If the government didn't pressure banks to not accept online gambling transactions we wouldn't have to resort to using a deposit method like bitcoin which is great anyway.
 
milencenov

milencenov

Legend
Bronze Level
Joined
Apr 5, 2016
Total posts
2,445
Awards
22
Chips
1
Why would anyone bother with putting real money into pretend money, who will you go to if whoever decides to not honour it.

:dontknow:

Who will go to use US dollars if people decide to not honour it ?

When a commodity (like salt, furs, diamonds, gold, etc.) becomes "money" ?

What are the main functions of money ? What are the main properties of money ?

BitCoin became a currency, because a lot of people TRUST in it. TRUST is the basic factor that decides what is money and what is not.

A commodity becomes money, when: 1. it is relatively scarce and thus expensive, 2. it is difficult to counterfeit, 3. it does not spoil over long enough period of time.

The main properties of money: it is used as a means of exchange, it is used to store value in time, and it is used to accumulate wealth.

BitCoin is even better than US dollar, because its supply is fixed !!! /governments or central banks may decide to print more money, which triggers inflation and big crises.
BitCoin supply is fixed. BitCoins cannot increase to more than the encoded total number.

BitCoins are expensive, impossible to counterfeit, they do not spoil over time, and they have the trust of the users.
BitCoins can be used as means of exchange, they can store value in time and they can serve to accumulate wealth.

So, they have all traits and functions of a normal currency.
 
supernuts25

supernuts25

Visionary
Silver Level
Joined
Dec 30, 2008
Total posts
884
Chips
0
just so u know ACR has a min deposit of 10.00 for BTC. but i decided to try and send a smaller amount. i just typed in 10.00 on acr then sent a lesser amount and it worked should up in my acr account in about an hour.
 
champyun

champyun

Enthusiast
Silver Level
Joined
Aug 11, 2016
Total posts
56
Chips
0
Declined by Circle

I opened a Circle account, within the past week. I received an email notifying me that it would take 3-5 business days to verify my account and allow me to do business. The very next day, I receive another email asking me 5 questions as to 'why' I wished to open a Circle account. I answered these questions (that I thought were BS btw) with very legitimate answers. Today, I received this email:

"We have carefully reviewed the information you provided us and unfortunately we will not be able to offer you service. We cannot go into specific details about what led us to our decision. Thank you for understanding."

How do they know who I am and what my intentions of use are? Anyone else received an email like this?
 
diego farfan

diego farfan

Legend
Silver Level
Joined
May 19, 2016
Total posts
1,348
Awards
10
BO
Chips
44
not, but possibly for legal protection or something
 
P

poksea

Rising Star
Silver Level
Joined
Sep 18, 2016
Total posts
20
Chips
0
You have to send it from Circle to a wallet(BlockChain) then to a pokersite. If you send it directly from Circle or Coinbase to a pokersite you will get your account frozen and removed.
 
O

OutTaGetMe

Rising Star
Bronze Level
Joined
Sep 23, 2016
Total posts
5
Chips
0
most recent payouts to blockchain

ignition - less than 10 hrs
BCP - Less than 2 days
Merge - Less than 4 days

The main US sites are ON FIRE with bitcoin
 
L

lb4lb

Rising Star
Bronze Level
Joined
Jul 6, 2014
Total posts
1
Chips
0
bump: coinbase -> ACR

Wondering if anything's changed with Coinbase and gambling sites.

I've done at least a dozen deposits from Coinbase to ACR over the past 18 months with no problems.


Have yet to try a coinbase withdrawal though.


Are withdrawals more likely to be flagged?
 
G

goodsaint

Rock Star
Silver Level
Joined
May 26, 2017
Total posts
125
Awards
1
Chips
0
Wondering if anything's changed with Coinbase and gambling sites.

I've done at least a dozen deposits from Coinbase to ACR over the past 18 months with no problems.


Have yet to try a coinbase withdrawal though.


Are withdrawals more likely to be flagged?
Why are you trying to get your Coinbase account closed? They are a financial institution subject to U.S. banking laws. Sending/receiving funds to/from gambling sites is prohibited. Many have had their accounts closed for this behavior. Just get yourself a personal (buffer) wallet.
 
Top