Need reliable crypto exchange for igaming commissions

[Casinorep]

Can anyone recommend a hassle free crypto exchange to accept bitcoin commissions?

[Cash Bonus]

You should give Plus 500 a try I hear that they’re fantastic and reliable too.

Here is their web address for you:

https://www.plus500.com.au/Trading/CryptoCurrencies


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[sweetbet]

Give Binance a go. The link is in my signature

[Casinorep]

Do these exchanges accept bitcoin commissions paid by igaming operators without scrutiny? For example, I've heard that Coinbase will lock your account if they deem suspicion, such as withdrawing too often.

[Cash Bonus]

Yeah, I’m sure that they do. No problem.

[wonderpunter]

American based Xchanges usually do not.. just read the T&C...

[sweetbet]

Do these exchanges accept bitcoin commissions paid by igaming operators without scrutiny? For example, I've heard that Coinbase will lock your account if they deem suspicion, such as withdrawing too often.

Binance is a Tokyo based crypto exchange, and I haven't experienced any issues with them in this regard.

[Casinorep]

Binance doesn’t sell bitcoins to USD though. I need an exchange that will automatically sell bitcoin to cash and then transfer to my bank account.

[baldidiot]

Kraken can do this (receive in BTC, convert to USD and then withdraw to bank). Or at least, they used to be able to, they withdrew GBP support so I haven't looked at it since they did their upgrade.

What country are you in? Don't like to assume US just because you're talking USD.

For those of us in the UK revolut may be an option in the future (effectively a digital bank account) as they adding support for crypto at the moment. Currently you can't receive or send crypto, only exchange it for FIAT (ie: you can exchange GBP for BTC, hold for a bit, then convert back to GBP), but I was chatting to them a few weeks ago and they said they are looking at adding the option to receive in crypto and then convert to FIAT.

There may be digital banks who can do the same thing in your country?

There are a couple of new exchanges doing ICOs at the moment as well that sound like they're what you're after - eg: legolas (https://legolas.exchange/). Doesn't help now as the product isn't live, but just shows how fast the space is moving. So if you don't have anything that does exactly what you want now, keep checking.

I'm no expert in this by the way, so take all of the above with a pinch of salt and DYOR. Just what I've read/tried from investigating options for handling aff payments to our company that are made in crypto.

[Casinorep]

Kraken can do this (receive in BTC, convert to USD and then withdraw to bank). Or at least, they used to be able to, they withdrew GBP support so I haven't looked at it since they did their upgrade.

What country are you in? Don't like to assume US just because you're talking USD.

For those of us in the UK revolut may be an option in the future (effectively a digital bank account) as they adding support for crypto at the moment. Currently you can't receive or send crypto, only exchange it for FIAT (ie: you can exchange GBP for BTC, hold for a bit, then convert back to GBP), but I was chatting to them a few weeks ago and they said they are looking at adding the option to receive in crypto and then convert to FIAT.

There may be digital banks who can do the same thing in your country?

There are a couple of new exchanges doing ICOs at the moment as well that sound like they're what you're after - eg: legolas (https://legolas.exchange/). Doesn't help now as the product isn't live, but just shows how fast the space is moving. So if you don't have anything that does exactly what you want now, keep checking.

I'm no expert in this by the way, so take all of the above with a pinch of salt and DYOR. Just what I've read/tried from investigating options for handling aff payments to our company that are made in crypto.

I'm in the US. And I didn't like Kraken's interface before but I also didn't know they can do this, which is what I need now, since some of my partners can only pay me in bitcoin, so I'll look at them again. Thanks for the info.

[baldidiot]

Looks like it depends on what state you're in, here's the relevant info though: https://support.kraken.com/hc/en-us/...and-Withdrawal

They have many USD/crypto pairs including USD/BTC so should be able to do what you're after (provided you're in a compatible state).

[allfreechips]

Coinbase shut me down :/ I have since learned you can install wallets on your PC, get payments there, then move to another exchange to cash out. Upaycard actually works and they accept affiliate payments of course. Kraken I have been waiting for validation for 50+ days..!!

I also use Bittrex but they do not permit bank wihdraw but a good exchange.

[dfiocch]

Don't go to Kraken, at least for now. They had a lot of issues lately.
Binance, Bittrex, Cryptopia, Kucoin.

[Casinorep]

Coinbase shut me down :/ I have since learned you can install wallets on your PC, get payments there, then move to another exchange to cash out. Upaycard actually works and they accept affiliate payments of course. Kraken I have been waiting for validation for 50+ days..!!

I also use Bittrex but they do not permit bank wihdraw but a good exchange.

I'm curious, did Coinbase shut you down for cashing out your igaming affiliate commissions, and they somehow were suspicious of that?

[allfreechips]

Bittrex just disabled my account now as well.. just sent in a support tic to see why

[Strider1973]

I wonder why Bittrex suspended your account. Have you gone through their verification process? Have you ever made a trade there (except selling BTC for USD)?

Of course you should have the commissions paid to a wallet on your PC. And then from there transfer it to an exchange. Maybe even add a few layers of transactions if there's a way for the exchanges to know where your payment came from (send BTC from your wallet to a new address within your wallet).

[allfreechips]

Yeah I have, been using for a long time. I recieve funds there and only sent to kraken once as a withdraw

[allfreechips]

I had to resend in pics with me and my ID, and they say will all be good in 24 hours, may have been related to me disabling and re-enabbling the 2FA a while back, im still waiting on an answer on that but appears its cool...