This is a discussion on Ignition Casino Crypto Cashout to Bank Account Question within the online poker forums, in the Poker Deposits & Withdrawals section; Hello All!
I am new to the forum but glad to be here. I initially found this forum researching online casinos and there validity and then
Ignition Casino Crypto Cashout to Bank Account Question
I am new to the forum but glad to be here. I initially found this forum researching online casinos and there validity and then cash out options. Also, I am not new to the online poker world, but I am new to the Crypto world! So, I chose to go with Ignition Casino and I will create a new post after this one detailing my whole experience with them (It was all good things, I recommend). However, my question here is regarding cash outs via bitcoin and the best way to get the funds to your bank account...
After some research I created a Coinbase account, and then realized you can not, or rather should not, cash out directly from Ignition to Coinbase as they are a US based company and will shut your account down if they know you are transferring from an out of country Casino. I found this out after I had made my first withdrawal request, lol, so I canceled my transaction and created a blockchain.com account, withdrew to blockchain succesfully, then to my coinbase account successfully and I just today verified my bank account with Coinbase and withdrew from there successfully (still pending, funds should be available in my account by Friday it says) which I am positive will happen...
Now, to my real question....So I know there are many Crypto exchanges/wallets etc. and I have found two that work, however transferring bitcoins from Blockchain to Coinbase incurs a fee, then you must "sell" your Bitcoins on Coinbase to convert it into cash which incurs a fee, then you can withdrawal the funds to your bank account which ALSO incurs a fee. From what I have read I have not seen anyone who recommends one exchange or wallet that you can cash out/receive bitcoins from Ignition and then withdrawal to your bank account.Any advice? That is a lot of fees! lol
Also, Blockchain.com has a verify bank option and you can withdrawal funds directly to your bank account, but also from my research it seems it is better to not withdrawal directly from them (as they accepted your Ignition cashout) to your bank. Does anyone know if this is true, or is it alright to cash out to Blockchain and simply withdrawal to my bank account??
re: Poker & Ignition Casino Crypto Cashout to Bank Account Question
Well, to cash out 2k from Ign to Blockchain to Coinbase to account only took a few days and total fees were $31 so not that bad really. Coinbase cashout is really quick, did one in the morning and it was there same day, so actually I’ll probably just stick with the method that I know works and eat the fees.