Pinnacle Bookmaker enables Bitcoin deposits and withdrawals

Discussion in 'Bitcoin Sports Betting' started by Humble Servant, Mar 10, 2018.

  1. Humble Servant

    Humble Servant Active Member Staff Member

    Pinnacle are one of the most well respected online bookmakers in the world because they have a reputation for offering the lowest sports betting margins. Las Vegas bookies and most online sportsbooks keep a close eye on betting lines offered by Pinnacle. Sadly, they don't accept players from a number of major countries, including the USA, Ireland and the United Kingdom.

    They have now begun accepting bitcoin in addition to credit cards, bank wires, InstaBank, Skrill and Neteller. Bitcoin deposits are free and there is a minimum deposit of $10. Withdrawals, however, cost $12 which is quiet steep.
  2. Wonka

    Wonka Member

    I'm a big Pinnacle fan so I contacted their support to get a few more details. Pinnacle only support Bitcoin (not Bitcoin Cash) and customers are only entitled to one free BTC-based withdrawal per month. Additional payouts will cost €12 each, which is quiet expensive. All bitcoin deposits will be instantly converted to Euros and all bets will be placed in fiat rather than crypto currency.

    Bitcoin deposits all Pinnacle should be confirmed ans appear in your account within 1 hour. Withdrawals are processed at noon GMT everyday and users will receive whatever the exchange rate for BTC is at that time. All deposit fees will be paid by Pinnacle so you will never be charged anything for making a deposit with cryptocurrency, regardless of how many times you deposit per month.
  3. I agree with you that a 12 euro withdrawal fee is excessive but you can't blame them for converting the crypto into fiat. All the major traditional bookies like 5Dimes, BetOnline and Bovada convert into fiat instantly on deposit.
  4. uglymug

    uglymug Member

    their btc withdrawals appear to be a little slow. i requested a btc payout on a saturday and I didn't receive it until the following monday. at cloudbet it takes about 2 hours.
  5. Humble Servant

    Humble Servant Active Member Staff Member

    Yes, Pinnacle use a third party to process bitcoin deposits and withdrawals. Unfortunately, this company don't seem to work at weekends so withdrawals are often not processed until Monday's.

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