Bitcoin-instant credit?? | Bitcointalksearch.org

Fatunad

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Quote from: South Park on April 07, 2022, 03:44:33 PM

Quote from: Kakmakr on April 03, 2022, 04:16:24 AM

Zero confirmations for deposits should not be an issue, if you implement a delay on the withdrawal after the deposit. The first "red flag" for casinos for money laundering is when you deposit money and immediately withdraw it again. So most casinos will have measures in place to prevent this.. and one of those will be to delay withdrawals after a deposit. Wink

So, this should not be an issue if a zero confirmation deposit is done.... and Casinos can even put a wager requirement on zero confirmation deposits to prevent money laundering. Grin

That seems like a good idea and it seems some casinos are already using something similar, after all as long as the player has not made a withdrawal when no confirmations have been made then the casino has not lost anything at all, still even if this makes sense I cannot help to think that scammers and hackers may find a way to abuse this, as they are experts on finding any flaw within a system and then using it to their advantage.

Most of the time on which casinos does really require some wagering requirement whenever you do make out some deposit which is something that very on default because they would definitely be avoiding that money
laundering issue which had become that standard thing thats why its no surprise that whenever you do make out deposits then there would be corresponding terms before you could really do something.
It is true and effective kind of suggestion on having some delays on withdrawals whenever they do accept no confirmation deposit which its impossible that certain deposit wont really be getting
some confirmation but one thing i do have in mind if they would able to set very low fees which make the transaction stuck for hours and the limitations been set isnt really just too long then it would be still useless.

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Quote from: Kakmakr on April 03, 2022, 04:16:24 AM

Zero confirmations for deposits should not be an issue, if you implement a delay on the withdrawal after the deposit. The first "red flag" for casinos for money laundering is when you deposit money and immediately withdraw it again. So most casinos will have measures in place to prevent this.. and one of those will be to delay withdrawals after a deposit. Wink

So, this should not be an issue if a zero confirmation deposit is done.... and Casinos can even put a wager requirement on zero confirmation deposits to prevent money laundering. Grin

That seems like a good idea and it seems some casinos are already using something similar, after all as long as the player has not made a withdrawal when no confirmations have been made then the casino has not lost anything at all, still even if this makes sense I cannot help to think that scammers and hackers may find a way to abuse this, as they are experts on finding any flaw within a system and then using it to their advantage.

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Quote from: yayayo on April 04, 2022, 06:13:18 AM

Quote from: peter0425 on April 04, 2022, 12:02:42 AM

Quote from: MoneyMaker90 on March 03, 2022, 11:33:07 PM

Does anyone know which sites deposit bitcoin instantly or even litecoin without a confirmation I’m sure you have to wait to withdraw that’s fine but at least credit it instantly?

for the past couple of years being gambler here in crypto? it is really hard to find those long time gambling sites that offers instant crediting , but there are new born gambling site nowadays that makes this promise but i will not introduce you to their site because I am not sure if they are trust worthy or scammers, best just to play and deposit in no instant but at least they are truly paying our worth.

Most of them have 1 confirmation deposit so why would waste time looking for instant deposit gambling site or untrusted site like what you are referring to. For me it is not a problem to wait for 1 confirmation since it won't take too long I think just 3-10 minutes of waiting is not that bad. And if you really don't like waiting then deposit with other currency with a fast confirmation, I think TRX is good too.

ya.ya.yo!

Maybe for those of us who are not in a hurry to immediately play gambling, it will not be a problem, but some gamblers want to immediately place a bet so that they don't miss an event. That's why they are looking for gambling sites that can provide instant credit so when they press the send button, the deposit will go directly to the gambling site. Even though it hasn't received confirmation from the network, the gambling site can immediately give credit to the gambler's account. Maybe TRX is another option but he still wants to use BTC in terms of deposits to gambling sites.

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Quote from: peter0425 on April 04, 2022, 12:02:42 AM

Quote from: MoneyMaker90 on March 03, 2022, 11:33:07 PM

Does anyone know which sites deposit bitcoin instantly or even litecoin without a confirmation I’m sure you have to wait to withdraw that’s fine but at least credit it instantly?

for the past couple of years being gambler here in crypto? it is really hard to find those long time gambling sites that offers instant crediting , but there are new born gambling site nowadays that makes this promise but i will not introduce you to their site because I am not sure if they are trust worthy or scammers, best just to play and deposit in no instant but at least they are truly paying our worth.

Most of them have 1 confirmation deposit so why would waste time looking for instant deposit gambling site or untrusted site like what you are referring to. For me it is not a problem to wait for 1 confirmation since it won't take too long I think just 3-10 minutes of waiting is not that bad. And if you really don't like waiting then deposit with other currency with a fast confirmation, I think TRX is good too.

ya.ya.yo!

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Quote from: MoneyMaker90 on March 03, 2022, 11:33:07 PM

Does anyone know which sites deposit bitcoin instantly or even litecoin without a confirmation I’m sure you have to wait to withdraw that’s fine but at least credit it instantly?

for the past couple of years being gambler here in crypto? it is really hard to find those long time gambling sites that offers instant crediting , but there are new born gambling site nowadays that makes this promise but i will not introduce you to their site because I am not sure if they are trust worthy or scammers, best just to play and deposit in no instant but at least they are truly paying our worth.

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Quote from: KennyR on April 03, 2022, 11:19:20 AM

Zero confirmation isn't supported by the gambling platforms.

Some casinos do support zero confirmation deposits like livecasino, sportsbet and bitcasino. There are other casinos that also support zero confirmation but it requires bigger miner fees, I'm not sure about the exact amount as the average fees change from time to time.

Quote from: decodx on April 03, 2022, 02:25:24 AM

Perhaps livecasino's policy depends on the status of your account? If your account has a positive history of deposits, maybe that's why livecasino doesn't need to confirm your deposits anymore.

It's not related to the standing of your account even if you have a newly registered account it doesn't matter, they really have instant deposits similar to their sister gambling sites like sportsbet and bitcasino.

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Quote from: decodx on April 03, 2022, 02:25:24 AM

Quote from: lienfaye on April 02, 2022, 08:31:33 PM

Quote from: MoneyMaker90 on March 03, 2022, 11:33:07 PM

Does anyone know which sites deposit bitcoin instantly or even litecoin without a confirmation I’m sure you have to wait to withdraw that’s fine but at least credit it instantly?

Most casinos requires atleast 1-3 confirmations before your deposit reflect in your account, because its risky on their side to have an instant credit. But recently I experienced this on livecasino, I deposited BTC and even the transaction is not confirm yet, my BTC is instantly showing in my account.

In general, all casinos require at least one confirmation in order to fund your account, and I have never seen zero-confirmation deposits.
Perhaps livecasino's policy depends on the status of your account? If your account has a positive history of deposits, maybe that's why livecasino doesn't need to confirm your deposits anymore.

Zero confirmation isn't supported by the gambling platforms. On a single confirmation the deposit gets reflected on the wallet balance and can be used. I've experienced immediate deposit of ethereum and bitcoin reflected on the wallet balance in a much faster time when I was in losing streak and did deposit to continue my wager.

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Zero confirmations for deposits should not be an issue, if you implement a delay on the withdrawal after the deposit. The first "red flag" for casinos for money laundering is when you deposit money and immediately withdraw it again. So most casinos will have measures in place to prevent this.. and one of those will be to delay withdrawals after a deposit. Wink

So, this should not be an issue if a zero confirmation deposit is done.... and Casinos can even put a wager requirement on zero confirmation deposits to prevent money laundering. Grin

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Quote from: lienfaye on April 02, 2022, 08:31:33 PM

Quote from: MoneyMaker90 on March 03, 2022, 11:33:07 PM

Does anyone know which sites deposit bitcoin instantly or even litecoin without a confirmation I’m sure you have to wait to withdraw that’s fine but at least credit it instantly?

Most casinos requires atleast 1-3 confirmations before your deposit reflect in your account, because its risky on their side to have an instant credit. But recently I experienced this on livecasino, I deposited BTC and even the transaction is not confirm yet, my BTC is instantly showing in my account.

In general, all casinos require at least one confirmation in order to fund your account, and I have never seen zero-confirmation deposits.
Perhaps livecasino's policy depends on the status of your account? If your account has a positive history of deposits, maybe that's why livecasino doesn't need to confirm your deposits anymore.

Botnake

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Quote from: lienfaye on April 02, 2022, 08:31:33 PM

Quote from: MoneyMaker90 on March 03, 2022, 11:33:07 PM

Does anyone know which sites deposit bitcoin instantly or even litecoin without a confirmation I’m sure you have to wait to withdraw that’s fine but at least credit it instantly?

Most casinos requires atleast 1-3 confirmations before your deposit reflect in your account, because its risky on their side to have an instant credit. But recently I experienced this on livecasino, I deposited BTC and even the transaction is not confirm yet, my BTC is instantly showing in my account.

I think that would easily be exploited if someone would double spend it.
We must understand that, here's the explanation.

https://www.sofi.com/learn/content/double-spending/

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Quote from: MoneyMaker90 on March 03, 2022, 11:33:07 PM

Does anyone know which sites deposit bitcoin instantly or even litecoin without a confirmation I’m sure you have to wait to withdraw that’s fine but at least credit it instantly?

Most casinos requires atleast 1-3 confirmations before your deposit reflect in your account, because its risky on their side to have an instant credit. But recently I experienced this on livecasino, I deposited BTC and even the transaction is not confirm yet, my BTC is instantly showing in my account.

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Quote from: Hamphser on April 02, 2022, 03:57:46 PM

Quote from: khaled0111 on April 02, 2022, 03:41:49 PM

Quote from: zidanw on March 31, 2022, 04:00:40 AM

I don't think there is a gambling site that has Bitcoin instant credit since it is prone to exploitation especially if your wallet has a replaced by fee feature like Electrum wallet. Most of them needs 1 confirmation which is around 5-10 minutes for higher fee.

Yes this feature is risky but there are few measures that the casino can take to mitigate such risk.
I already named two casinos which accept instant deposits (roobet.com and livecasino.io). I named only these two because I tried them myself. Other members named other casinos which have this feature too. I didn't try them but I have no reason not to believe them.
The double spending risk can be easily mitigated by crediting only transactions that don't have the rbf flag.

Wasnt aware about that resolving on double spending risk.I wasnt aware too that there are casinos accepts instant deposit considering that the risks mentioned earlier could really be done.

I dont have experience with Roobet or Livecasino and i would test it for myself it does really have that kind of feature which would really be something good for some gamblers
who cant patiently wait for some deposit confirmation.I cant just believe that they could exclude out RBF type of transactions?

I have encountered a casino before having this instant deposit, however, I forgot the name.
But there is casino existing for this feature. However, why is the player too much in a hurry not to wait it to be confirmed?
Because in any case, you still need your tx to be confirmed if you want to withdraw.
Most casinos want the transaction to have at least 1 confirmation for their protection purposes also.

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Quote from: khaled0111 on April 02, 2022, 03:41:49 PM

Quote from: zidanw on March 31, 2022, 04:00:40 AM

I don't think there is a gambling site that has Bitcoin instant credit since it is prone to exploitation especially if your wallet has a replaced by fee feature like Electrum wallet. Most of them needs 1 confirmation which is around 5-10 minutes for higher fee.

Yes this feature is risky but there are few measures that the casino can take to mitigate such risk.
I already named two casinos which accept instant deposits (roobet.com and livecasino.io). I named only these two because I tried them myself. Other members named other casinos which have this feature too. I didn't try them but I have no reason not to believe them.
The double spending risk can be easily mitigated by crediting only transactions that don't have the rbf flag.

Wasnt aware about that resolving on double spending risk.I wasnt aware too that there are casinos accepts instant deposit considering that the risks mentioned earlier could really be done.

I dont have experience with Roobet or Livecasino and i would test it for myself it does really have that kind of feature which would really be something good for some gamblers
who cant patiently wait for some deposit confirmation.I cant just believe that they could exclude out RBF type of transactions?

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Quote from: zidanw on March 31, 2022, 04:00:40 AM

I don't think there is a gambling site that has Bitcoin instant credit since it is prone to exploitation especially if your wallet has a replaced by fee feature like Electrum wallet. Most of them needs 1 confirmation which is around 5-10 minutes for higher fee.

Yes this feature is risky but there are few measures that the casino can take to mitigate such risk.
I already named two casinos which accept instant deposits (roobet.com and livecasino.io). I named only these two because I tried them myself. Other members named other casinos which have this feature too. I didn't try them but I have no reason not to believe them.
The double spending risk can be easily mitigated by crediting only transactions that don't have the rbf flag.

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Quote from: rodskee on March 31, 2022, 01:23:39 AM

Quote from: Maslate on March 31, 2022, 12:25:44 AM

Quote from: Coin_trader on March 30, 2022, 11:15:43 PM

I knew Bitsler offer non confirmation instant deposit

I have been using the site and it's not the same as my experience. Even on XRP deposits, they still require confirmation before they will credit the amount. I guess, due to the risk of double-spending on bitcoin, no sites anymore that credit their unconfirmed deposits.

indeed I am also a Bistler user and i never experience auto/instant crediting instead there is a need for confirmation before this take place and also correct that since there are issues of double spending in the past(and also until now) the casino sites update their depositing and no instant deposit is occupying now.
yeah in the past there are some site that has this feature but nowadays? though i still believe there are few but not on the site that I am playing.

Quote from: Coin_trader on March 30, 2022, 11:15:43 PM

Afaik, Double spending is quite rare or non existing issue anymore on Bitcoin network. Maybe on other cryptocurrency blockchain.

though this has been prevented nowadays yet casino try to hinder this from happening by simply setting confirmation first in their deposit .

I wouldn't say that it is rare.

It's just that casinos are more prepared to deal with this issue now so that people don't do it as often.

A lot of casinos used to offer instant, zero confirmations crediting before RBF was popular but afterwards pretty much everyone dropped out. I was around when Bitsler still offered this functionality, but obviously it's not wise to offer nowadays.

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Quote from: Maslate on March 31, 2022, 07:01:07 AM

Quote from: rodskee on March 31, 2022, 01:23:39 AM

Quote from: Maslate on March 31, 2022, 12:25:44 AM

Quote from: Coin_trader on March 30, 2022, 11:15:43 PM

I knew Bitsler offer non confirmation instant deposit

I have been using the site and it's not the same as my experience. Even on XRP deposits, they still require confirmation before they will credit the amount. I guess, due to the risk of double-spending on bitcoin, no sites anymore that credit their unconfirmed deposits.

indeed I am also a Bistler user and i never experience auto/instant crediting instead there is a need for confirmation before this take place and also correct that since there are issues of double spending in the past(and also until now) the casino sites update their depositing and no instant deposit is occupying now.
yeah in the past there are some site that has this feature but nowadays? though i still believe there are few but not on the site that I am playing.

Also, keep in mind that Bitsler now could ask a KYC of your account, and if you won't be able to comply that, they will freeze your account and you'll only be able to access the funds until you fully comply with the requirement.

All or most of the Casino that has license could ask KYC to there customers if its needed but not necessary they will require you to undergo KYC right from the start or if you are gambling regularly base on there ToS and the thread made by one of our forum member https://bitcointalksearch.org/topic/information-of-crypto-casinos-license-and-kyc-requirements-5381143. Let's not focus on Bitsler negative side since the majority of the Casino has there own flaws while the KYC part is applicable to all.

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Quote from: rodskee on March 31, 2022, 01:23:39 AM

Quote from: Maslate on March 31, 2022, 12:25:44 AM

Quote from: Coin_trader on March 30, 2022, 11:15:43 PM

I knew Bitsler offer non confirmation instant deposit

I have been using the site and it's not the same as my experience. Even on XRP deposits, they still require confirmation before they will credit the amount. I guess, due to the risk of double-spending on bitcoin, no sites anymore that credit their unconfirmed deposits.

indeed I am also a Bistler user and i never experience auto/instant crediting instead there is a need for confirmation before this take place and also correct that since there are issues of double spending in the past(and also until now) the casino sites update their depositing and no instant deposit is occupying now.
yeah in the past there are some site that has this feature but nowadays? though i still believe there are few but not on the site that I am playing.

Also, keep in mind that Bitsler now could ask a KYC of your account, and if you won't be able to comply that, they will freeze your account and you'll only be able to access the funds until you fully comply with the requirement.

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Quote from: Chato1977 on March 31, 2022, 02:18:01 AM

exactly , this is why i believe that there are still many casino in crypto that gives this kind of crediting instantly instead of waiting for confirmation ...

Are you sure about that? Maybe you can name a few?

Just like btc78 said, I've gambled at many reputable casinos from this forum, but I've never encountered a casino that offered instant credit for bitcoin deposits. Most casinos I have experience with require at least one confirmation.

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Quote from: btc78 on March 31, 2022, 04:13:35 AM

Quote from: zidanw on March 31, 2022, 04:00:40 AM

snip

I have not thought about whether it will be credited instantly or take a while to be added to my account because I am not in a hurry to play gambling or participate in an event on a gambling site. The gambling site will also immediately add the balance to each member's account as soon as possible after getting confirmation. Maybe to overcome this, we can add balance before an event or competition so we won't be in a hurry or worry about being late to participate in the event.

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Quote from: zidanw on March 31, 2022, 04:00:40 AM

I don't think there is a gambling site that has Bitcoin instant credit since it is prone to exploitation especially if your wallet has a replaced by fee feature like Electrum wallet. Most of them needs 1 confirmation which is around 5-10 minutes for higher fee.

I think i will agree in this one , because for years that i have been playing in most of the legit and trusted gambling site that advertising here in forum? i never encounter one that has instant credit .

but I am not caring anything as I am sure my sites are bringing me assurance of which i can take my funds out after winning or depositing .

Topic: Bitcoin-instant credit?? (Read 706 times)