Bitcoin-instant credit?? - page 3. | Bitcointalksearch.org

LUCKMCFLY

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Quote from: traderethereum on March 08, 2022, 10:53:04 PM

Quote from: nakamura12 on March 08, 2022, 05:00:59 PM

Quote from: ?? on ??

Bitsler offers this kind of feature before and the time varies depends on the account trust score. Trust score is calculated based on its gambling activity on the Casino. I don't know if they still have this feature but I believe there's other Casino offers this because they can always set a security measure temporarily freeze the withdraw function as long as there's a pending transaction incoming on there casino wallet address.

It may be possible that the site coule have instant credit but I think that the credit will not be from the transaction that a gambler did instead it is from their bankroll to be credited to your account while they are waiting for the transaction that the gambler made to be confirmed and that amount will go to their bankroll. What I was talking about is that crediting the account of a gambler on their site is not on chain but for withdrawal it is processed on chain.

If instant credit can provide convenience for users to gamble right away without having to wait for long confirmations, the casino will not lose it.
Although not many casinos have instant credit, in the end, the deposit that we make will go into our account and we can use it whenever we want.
But I think it makes sense for the casino to lend us the money first because our deposit hasn't been confirmed from the network and maybe it's one way to provide convenience to users.

Well, it is important to note that every casino that has instant credit gets many players out of trouble when their money runs out, but it is usually a double-edged sword when they get carried away by emotion and it is abused, I understand perfectly why what casinos take into account the confidence points of each player, and if each player is active and has the ability to pay.

Instant credits sometimes if they are made through fiat money accounts I don't know how fast they are on the network, but I think that if that option is taken it could speed it up through other means, such as USDT so that the waiting time does not be a lot.

magneto

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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?

As far as I know, Sportsbet is offering it?

I know that in the past, Bitsler used to offer this and I loved it. However, I'm fairly sure that they moved to 1-conf.

Bitcoinvideocasino and Bitcoin.com games also used to offer this feature, but again, they don't anymore after RBF became more mainstream.

You could also try BitCasino but I haven't played with them before.

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Quote from: RapTarX on March 07, 2022, 10:26:32 AM

I can't remember any site or service to credit a transaction without any confirmation.
...

In the past there has been Directbet.eu which accepted bets without confirmation and without creating an account!
probably this way of managing the bets was not only an example of great success but also highlighted a major vulnerability of the site for malicious users

South Park

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Quote from: Fatunad on March 14, 2022, 03:19:13 PM

Quote from: South Park on March 14, 2022, 03:03:49 PM

We all know that depending on how busy the network is at the time it can take along time to get a confirmation, so I kind of get why people would like something like this, but this is the wrong way to go about this, asking the casino to instantly credit a transaction that appeared on the mempool before it has being confirmed is asking too much out of them, especially when we have the lightning network which can do something similar but without the same associated risks that doing something like this will entail for them.

Instant credit on balances is something that casinos wouldnt really tend to apply on because of possible double spending which it wouldnt really be good for the business thats why having at least 1 confirmation would do.
Confirmation time would really just be depending on the network and casinos doesnt have control of it which i dont know on why some people or gamblers do really took the blame out of these situations.
In the past there were casinos which does have instant deposit but due to those known issues then its normal that they would really be having that action.

Besides this is a complete non-issue, after all if you know that you want to gamble why not send a transaction before you go to sleep to the casino? That way when you wake up the transaction will have a lot of confirmations and you will be able to gamble freely the next day without any true delay as you would have done this before you went to sleep, so the only ones that would need something like this are those that are gambling impulsively and that lose their balance and want to gamble immediately after they send their transaction, something which is a very bad idea.

Fatunad

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Quote from: South Park on March 14, 2022, 03:03:49 PM

Quote from: Oilacris on March 06, 2022, 04:20:36 PM

Quote from: Ulven on March 05, 2022, 11:20:08 AM

I guess the reason why most gambling sites don't add instant confirmation is to avoid double spending!! But there are casinos that support this feature with at least 1 confirmation such as sportsbet.
Perhaps if there is a huge demand for this feature, casinos can support the Lightning Network while depositing.

Exactly!

This is the main reason on why they dont really offer that instant credit on account balances once someone do make out some deposit due to that double-spending issue.
Its been done on the past about instant deposits but later on people do know on whats the possible thing that they could get their funds back and able to play on the
site since you could actually done this stuff.Nowadays most platforms do mostly require specific confirmation before they would credit out.

We all know that depending on how busy the network is at the time it can take along time to get a confirmation, so I kind of get why people would like something like this, but this is the wrong way to go about this, asking the casino to instantly credit a transaction that appeared on the mempool before it has being confirmed is asking too much out of them, especially when we have the lightning network which can do something similar but without the same associated risks that doing something like this will entail for them.

Instant credit on balances is something that casinos wouldnt really tend to apply on because of possible double spending which it wouldnt really be good for the business thats why having at least 1 confirmation would do.
Confirmation time would really just be depending on the network and casinos doesnt have control of it which i dont know on why some people or gamblers do really took the blame out of these situations.
In the past there were casinos which does have instant deposit but due to those known issues then its normal that they would really be having that action.

South Park

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Quote from: Oilacris on March 06, 2022, 04:20:36 PM

Quote from: Ulven on March 05, 2022, 11:20:08 AM

I guess the reason why most gambling sites don't add instant confirmation is to avoid double spending!! But there are casinos that support this feature with at least 1 confirmation such as sportsbet.
Perhaps if there is a huge demand for this feature, casinos can support the Lightning Network while depositing.

Exactly!

This is the main reason on why they dont really offer that instant credit on account balances once someone do make out some deposit due to that double-spending issue.
Its been done on the past about instant deposits but later on people do know on whats the possible thing that they could get their funds back and able to play on the
site since you could actually done this stuff.Nowadays most platforms do mostly require specific confirmation before they would credit out.

We all know that depending on how busy the network is at the time it can take along time to get a confirmation, so I kind of get why people would like something like this, but this is the wrong way to go about this, asking the casino to instantly credit a transaction that appeared on the mempool before it has being confirmed is asking too much out of them, especially when we have the lightning network which can do something similar but without the same associated risks that doing something like this will entail for them.

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Quote from: nakamura12 on March 08, 2022, 05:00:59 PM

Quote from: ?? on ??

Bitsler offers this kind of feature before and the time varies depends on the account trust score. Trust score is calculated based on its gambling activity on the Casino. I don't know if they still have this feature but I believe there's other Casino offers this because they can always set a security measure temporarily freeze the withdraw function as long as there's a pending transaction incoming on there casino wallet address.

It may be possible that the site coule have instant credit but I think that the credit will not be from the transaction that a gambler did instead it is from their bankroll to be credited to your account while they are waiting for the transaction that the gambler made to be confirmed and that amount will go to their bankroll. What I was talking about is that crediting the account of a gambler on their site is not on chain but for withdrawal it is processed on chain.

If instant credit can provide convenience for users to gamble right away without having to wait for long confirmations, the casino will not lose it.
Although not many casinos have instant credit, in the end, the deposit that we make will go into our account and we can use it whenever we want.
But I think it makes sense for the casino to lend us the money first because our deposit hasn't been confirmed from the network and maybe it's one way to provide convenience to users.

ralle14

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Quote from: nakamura12 on March 08, 2022, 05:00:59 PM

It may be possible that the site coule have instant credit but I think that the credit will not be from the transaction that a gambler did instead it is from their bankroll to be credited to your account while they are waiting for the transaction that the gambler made to be confirmed and that amount will go to their bankroll. What I was talking about is that crediting the account of a gambler on their site is not on chain but for withdrawal it is processed on chain.

That explanation made it sound unnecessary\ like how it's similar to borrowing money when they don't have to given that the casino could just lessen the requirements for deposits. Anyway, I think the on-site balance isn't really a bankroll since there's really no risk for casinos to lose until the coins get processed on-chain.

Quote from: ?? on ??

Bitsler offers this kind of feature before and the time varies depends on the account trust score. Trust score is calculated based on its gambling activity on the Casino.

That feature sounds great hopefully other casinos integrate it in another way like how it's only for users that reached a certain level or VIP.

nakamura12

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Quote from: ?? on ??

Bitsler offers this kind of feature before and the time varies depends on the account trust score. Trust score is calculated based on its gambling activity on the Casino. I don't know if they still have this feature but I believe there's other Casino offers this because they can always set a security measure temporarily freeze the withdraw function as long as there's a pending transaction incoming on there casino wallet address.

It may be possible that the site coule have instant credit but I think that the credit will not be from the transaction that a gambler did instead it is from their bankroll to be credited to your account while they are waiting for the transaction that the gambler made to be confirmed and that amount will go to their bankroll. What I was talking about is that crediting the account of a gambler on their site is not on chain but for withdrawal it is processed on chain.

RapTarX

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Quote from: delfastTions on March 07, 2022, 01:25:35 PM

If you make such a table, everyone in BTT will know where to use LN and probably will use it.
But you need to understand well which gambling sites are safe and possible.
This is a rather difficult task.

I have started collecting the gambling sites already; of course, I'm not going to add any scam sites there.
For your info, I have one thread on the list of services accepting Lightning Network payments. I'm considering including gambling sites in that thread as well but not sure yet whether I will create a new one or not. Thank you for your pieces of advice.

Quote from: Finestream on March 08, 2022, 11:04:35 AM

For me this is easy, what's the use of being a member in this forum if we will not make our DYOR on the gambling sites listing their ANN thread here?

Well, it's everyone's res[pnsibility to DYOR but as a thread starter, I have some responsibilities as well.

Finestream

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Quote from: delfastTions on March 07, 2022, 01:25:35 PM

Quote from: RapTarX on March 07, 2022, 10:26:32 AM

I can't remember any site or service to credit a transaction without any confirmation. Most casinos probably ask for at least 1 confirmation before crediting the balance on your account. I guess you won't get so many casinos with such requirement as this is somewhat risky as transaction can be spent twice from the same input.
Nevertheless, if you are looking for faster deposit, why don't you give Lighting Network a try? I guess that would be the best fit for you as both deposit & transaction would be almost instant. Don't know if any of the forum member have a list of gambling sites allowing Lighting Network; I will check and create one soon.

Everyone will be grateful to you. Indeed, after the legalization of bitcoin in El Salvador in September 2021, the lighting network began to develop quite rapidly due to the Chivo state wallet.
This is a very promising payment option with a minimum commission and it is fast.
If you make such a table, everyone in BTT will know where to use LN and probably will use it.

If gambling sites will support LN then we will see a big improvement.
We will feel the instant deposit and we don't need to pay a high transaction fee just to get our transaction confirmed quickly like when the network is congested.

Quote

But you need to understand well which gambling sites are safe and possible.
This is a rather difficult task.

For me this is easy, what's the use of being a member in this forum if we will not make our DYOR on the gambling sites listing their ANN thread here?

delfastTions

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Quote from: RapTarX on March 07, 2022, 10:26:32 AM

I can't remember any site or service to credit a transaction without any confirmation. Most casinos probably ask for at least 1 confirmation before crediting the balance on your account. I guess you won't get so many casinos with such requirement as this is somewhat risky as transaction can be spent twice from the same input.
Nevertheless, if you are looking for faster deposit, why don't you give Lighting Network a try? I guess that would be the best fit for you as both deposit & transaction would be almost instant. Don't know if any of the forum member have a list of gambling sites allowing Lighting Network; I will check and create one soon.

Everyone will be grateful to you. Indeed, after the legalization of bitcoin in El Salvador in September 2021, the lighting network began to develop quite rapidly due to the Chivo state wallet.
This is a very promising payment option with a minimum commission and it is fast.
If you make such a table, everyone in BTT will know where to use LN and probably will use it.
But you need to understand well which gambling sites are safe and possible.
This is a rather difficult task.

RapTarX

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I can't remember any site or service to credit a transaction without any confirmation. Most casinos probably ask for at least 1 confirmation before crediting the balance on your account. I guess you won't get so many casinos with such requirement as this is somewhat risky as transaction can be spent twice from the same input.
Nevertheless, if you are looking for faster deposit, why don't you give Lighting Network a try? I guess that would be the best fit for you as both deposit & transaction would be almost instant. Don't know if any of the forum member have a list of gambling sites allowing Lighting Network; I will check and create one soon.

qwertyup23

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Quote from: Maus0728 on March 03, 2022, 11:49:00 PM

Most of the gambling site offers an instant withdrawal if that's what you are looking for. However, it isn't possible to have an on-chain transaction without any confirmation as it will defeat the purpose of having a secured transaction that's happening on the blockchain.

Withdrawal Fees and Withdrawal Amounts on Crypto Casinos - This is a rundown of casinos regarding their min. withrawal/ fees.

Did I answered your question?

This pretty sums-up everything that you need to ask about confirmations and instant withdrawals.

If you do not understand the mechanism, there is a POW (proof-of-work) present in the blockchain which checks all the blocks if the correct address has been sent. That is where the miners fee comes from- they check these blocks to have a impenetrable defense which invalidates all possible hacks or scams in the transaction. While there may be gambling websites that offer instant withdrawals, you still have to wait a relatively small amount of time in order to receive your funds.

freedomgo

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Quote from: sovie on March 06, 2022, 05:12:35 PM

Most casinos accept deposits after 1 confirmation. As explained, the idea is to avoid double-spending scam. The only solution to speed up the deposit is to simply increase the transaction fee. When it comes to withdrawals, it can be in various ways. It is best to choose casinos that have automatic withdrawals as this is usually very fast. Avoid manual withdrawals casinos, as the waiting time can be even up to several days.

Most of the casinos now have install withdrawal as long as you don't exceed the maximum, and some do not even charge a transaction fee which is a good feature of a site that gamblers would fall in love with. Before the no confirmation deposit exist, but now that casinos learned their lessons, it's not anymore practice.

sovie

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Most casinos accept deposits after 1 confirmation. As explained, the idea is to avoid double-spending scam. The only solution to speed up the deposit is to simply increase the transaction fee. When it comes to withdrawals, it can be in various ways. It is best to choose casinos that have automatic withdrawals as this is usually very fast. Avoid manual withdrawals casinos, as the waiting time can be even up to several days.

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Quote from: Ulven on March 05, 2022, 11:20:08 AM

I guess the reason why most gambling sites don't add instant confirmation is to avoid double spending!! But there are casinos that support this feature with at least 1 confirmation such as sportsbet.
Perhaps if there is a huge demand for this feature, casinos can support the Lightning Network while depositing.

Exactly!

This is the main reason on why they dont really offer that instant credit on account balances once someone do make out some deposit due to that double-spending issue.
Its been done on the past about instant deposits but later on people do know on whats the possible thing that they could get their funds back and able to play on the
site since you could actually done this stuff.Nowadays most platforms do mostly require specific confirmation before they would credit out.

South Park

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Quote from: Eureka_07 on March 04, 2022, 12:13:15 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?

I think no casino would allow that. Given that bitcoin can be double spend, it is a risk to the casino that will instantly credit your bitcoin deposit. But we don't know, probably some casino out there is offering it, though I doubt it.
In most casino, your deposit need to have 1-3 confirmations before it will be credited to your casino wallet. I'm not sure with litecoin, but I guess it can also be double spent.

At least in my experience there is no casino that offers something like that, and the reasons are very obvious, the risk of double spend is high and if they offered something like this then someone could make a quick deposit and gamble really quickly in one of their games, and if they happen to lose then they will double spend their coins and avoid losing money this way, basically they could do this indefinitely and beat the casino that way, so with this in mind I doubt there are many casinos, if any, that offer something like this

ralle14

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Quote from: khaled0111 on March 05, 2022, 10:29:44 AM

If the instant deposits system is implemented correctly then there are really no risks and abusers won't be able to double spend or cancel unconfirmed transactions.
As I explained above, casinos enforce some requirements and impose some restrictions to prevent any losses because of abuse.
For example, replace by fee transactions usually won't trigger the instant deposit because they can be easily replaced. Also, requiring high fees ensure the transaction will be confirmed within the next few blocks. Most casinos that support this feature will not let withdraw while one of your deposit transactions is still unconfirmed.
Many gamblers prefer to use bitcoin which is known for its long confirmation time, this is why such feature is definitely a plus.

I agree, on Sportsbet whenever you try to RBF your deposit, the updated balance stays the same but at the same time your account will get locked from betting as a way to prevent the issue if it does happen.

It's a bit inconvenient on the withdrawal side of things but it comes in handy when you want to place a sports bet that's starting within a couple of minutes. It would be a nice alternative if they recommend a certain fee (for example 10sat/b) for instant deposits.

ethereumhunter

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So far, I'm not concerned about how fast the deposit goes to our gambling account because I know it's always related to the network. But Bitcasino.io is a gambling site that provides credit even though the network has not confirmed your transaction. Usually, if I want to gamble, I will deposit some money into the gambling site and leave a few minutes to do something else and when I come back, the money is already in my account. I am not in a hurry to play gambling because I just want to enjoy playing some gambling games. Maybe besides Bitcasino.io, @OP can try at sportsbet.io or Livecasino.io.

Topic: Bitcoin-instant credit?? - page 3. (Read 706 times)