Topic: Bitcoin-instant credit?? - page 4. (Read 709 times)
If it was an established account, a long term player then perhaps its more feasible but random unknown people new accounts especially who will try to win fast but flee if they lose is a path some will try if they can possibly get away with it. I can see why people want the convenience factor to instant deposit, its a challenging question. Gambling is fast money and BTC is a little too much of the tortoise vs the hare on this, I know many who dont want to switch to faster currencies especially the large amounts. I used to buy bits of gold with zero confirm, I was literally given a bill of sale with my market price but also I had no way to withdraw instantly and it would have got me in alot of trouble if my deposit was bad as I was a known customer so thats probably the biggest difference here.
There is a problem with the instant credit on bitcoin and other altcoins. Users can abuse this with a double spend, the users can do some fast bets and if they win they can wait for the confirmation, and if they lose, they can make a double spend for a new address.
And that's why most of the crypto services always ask for 1 or more confirmations before you can use your balance.
And that's why most of the crypto services always ask for 1 or more confirmations before you can use your balance.
Almost all reputable gambling sites offer 0 confirmations for depositing Bitcoin as that mean you can start playing instantly but you have to wait for at least a few confirmations before withdrawing your money if it happens that you win big during this time.
I don't know if this the case as of now but that was the case before,I am not aware of any major change to such rule from reputable casinos.
Stake for example had this option for trusted players,the one with a history with them and not directly to any new created account,I believe the same rule is on place now but I am not sure about this.
I don't know if this the case as of now but that was the case before,I am not aware of any major change to such rule from reputable casinos.
Stake for example had this option for trusted players,the one with a history with them and not directly to any new created account,I believe the same rule is on place now but I am not sure about this.
I guess they are checking the account with big wins if they truly wins it legally or else they would investigate if it is somehow won by bugs and other mal functions of the system. Would it be fair to new users? It feels like discriminating them, not all trusted users are to be trusted, we know that because of we experience it first hand here.
That type of ruling is prone to double spending and that's why most casinos are requiring at least 1-3 confirmations before they credit the deposit of their players.
That's true most of the gambling site wait for at least 1 confirmation before they can credit it to your account. May I ask why do you ask for a Bitcoin instant credit? I think waiting for 5 mins was not bad at all but just make sure that you paid an average transaction fee and not the lowest since it will take hours or maybe day to get 1 confirmation.
I think no gambling site has that feature since it can be used against them to exploit their website.
If it's possible to apply that, they're going to have that deposits even with zero confirmation. There has been recommended gambling sites where he can try that.
And let him try it if he's liking that type of feature because it works good for him. But if the casino sees abuse with it, there's gonna be a change on that discourse.
Is this about confirmation on the blockchain? Cause I'm pretty sure that the wallet of casinos would always wait the confirmation in the transactions before crediting it to your account. It's not really a matter of "wanting to do it" or anything, it's just how crypto transactions work. The blockchain stands as the middle man for both sides so ofc both sides need to wait for it to confirm before the two sides are able to do anything else. At the very least, I'm pretty sure most would require at least one confirmation before creditting it.
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.
And I think some send email code to activate on the site. This is also good to be sure of confirmation of transaction. All of these is for security I think this is being more conscious and protecting users rather than instant confirmation to avoid mistakes. Sending transaction confirmation immediately may be risky to users.
Everything is all about security and smooth operation if a casino will implement instant and no confirmation it will be a subject of exploit and abuse some players will try to abuse this feature, at least one confirmation is sure to get everyone secured and players to be in good standing, hackers, and exploiters like to play on a casino that they can exploit, this feature will invite them.
I want to know how platforms that allow such feature that Op is asking for secure themselves from players that will cancel the transaction before it gets confirmed. However, I'm a big fan of fast transaction but, I've never experienced such in the Bitcoin network and it helped me to acknowledge patience knowing that the Casino will fund my account when they get the required confirmations.
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.
And I think some send email code to activate on the site. This is also good to be sure of confirmation of transaction. All of these is for security I think this is being more conscious and protecting users rather than instant confirmation to avoid mistakes. Sending transaction confirmation immediately may be risky to users.
Hi !
Most of the Gambling websites that I used did not have such option since they were not Integrated with the lightning network but there are sites like:
Roobet.com : now they will let you choose the transaction fee which means you can pay higher fee and at the same time they also confirmed the balance after one confirmation
I use Blackjack.fun as well very frequently to withdraw funds and it might not be instant but at the same time it's faster than most transactions and the fee is not that high.
Beware of the sites asking for extreme fee for transactions as well and look for the ones which allow you to choose your transaction fee as well. Lighting network might not be an instant hit since normal transactions are more secure and safe.
Most of the Gambling websites that I used did not have such option since they were not Integrated with the lightning network but there are sites like:
Roobet.com : now they will let you choose the transaction fee which means you can pay higher fee and at the same time they also confirmed the balance after one confirmation
I use Blackjack.fun as well very frequently to withdraw funds and it might not be instant but at the same time it's faster than most transactions and the fee is not that high.
Beware of the sites asking for extreme fee for transactions as well and look for the ones which allow you to choose your transaction fee as well. Lighting network might not be an instant hit since normal transactions are more secure and safe.
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.
Perhaps if there is a huge demand for this feature, casinos can support the Lightning Network while depositing.
like all the other's opinions it's risky because of double-spent I don't know why Sportsbet is allowing this, if you really want it fast Tron is the best choice, it's instant I only need to wait a minute and it's showing in my dashboard.
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 personally experienced instant credit of bitcoin with Stake gambling site. Once the transaction is made, even before the confirmation of the transaction wallet gets reflected with the deposited amount. Another thing, myself have experienced playing with the deposited amount even before the confirmation of the transaction.
1) sportsbet.io
2) bitcasino.io
3) roobet.com
those are the 3 i know of, might be more
All three are legit sites i have used without issues
2) bitcasino.io
3) roobet.com
those are the 3 i know of, might be more
All three are legit sites i have used without issues
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?
There is one site recommended to you, Sportsbet but the majority of casinos are not accepting instant and no confirmation it should have at least one confirmation, like all the other's opinions it's risky because of double-spent I don't know why Sportsbet is allowing this, if you really want it fast Tron is the best choice, it's instant I only need to wait a minute and it's showing in my dashboard.
There are few casinos that accept zero-confirmation deposits that I know of. Roobet, for example accepts zero-confirmation transactions. The last time I made a deposit, the balance got credited to my account the moment the transaction was broadcast (while still unconfirmed). Afaik, Owl.games support this feature too but didn't try it myself (maybe someone else will confirm this).
However, you should know that instant deposits come with few restrictions such as not being to withdraw till the deposit transaction get enough confirmations. Also, the transaction must meet some requirements to be eligible for instant deposit. For example, it must be non-rbf and it must be paying enough fee to guarantee fast confirmation. All these precautions were set to prevent the possibility of cheating by double spending.
However, you should know that instant deposits come with few restrictions such as not being to withdraw till the deposit transaction get enough confirmations. Also, the transaction must meet some requirements to be eligible for instant deposit. For example, it must be non-rbf and it must be paying enough fee to guarantee fast confirmation. All these precautions were set to prevent the possibility of cheating by double spending.
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 of the casinos require at least 1 confirmation before they could deposit BTC in the user's account.
Otherwise the user can simply trick the casino by broadcasting a transaction and then double spending it to some other address.
The user would have used the coins in the account to play some games. This is why most of the casinos require at least 1 confirmation.
Currently I am gambling on BC.GAME which requires 2 confirmations and freebitco.in which requires 1 confirmation.
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 that every crypto has its own confirmation but bitcoin confirmation time are much longer than other lighter coins, this makes this coin slow on deposit. If you want your deposit to appear faster, you can use ripple because in my opinion ripple is the fastest coin ever invented in terms of deposits or even withdrawal although some sites can control the withdrawal process and they can delay it depending on their terms/rules.Are you sure that depositing time is only your concern? What about the type of games or if the casino doesn't require a KYC or not, and others because they are also important and it will be easy for users here to recommend a casino depending on your preference.
Try sportsbet, I'm not so sure anymore but before based on my experience, they credit your deposit even without confirmation.
Even nitrogensports have that kind of feature before, but they changed rules because maybe it was abused.
Just try on your own or maybe chat the support to confirm.
Actually, there's a risk that's why most sites have changes to at least 1 confirmation because some games are graded earlier before the confirmation in the blockchain, so it can be use as an advantage of the sender of a coin.
Even nitrogensports have that kind of feature before, but they changed rules because maybe it was abused.
Just try on your own or maybe chat the support to confirm.
Actually, there's a risk that's why most sites have changes to at least 1 confirmation because some games are graded earlier before the confirmation in the blockchain, so it can be use as an advantage of the sender of a coin.
I'm not playing on Sportsbet but we have to confirm it to other players if they have this feature if they still do then you have one casino that instantly credit you without confirmation, but even if they do that they will still monitor you because there is a thing called double spent, they work on trusting their players, that is why they do this.
Not all casinos can do this because like what you posted it can be abused and to safeguard their system they have to do this, if you cannot wait, check other coins, Tron is fast and cheap, that is why it's my favorite.
I guess no gambling site is allowing this anymore, because bitcoin transactions can be cancelled.
As we can read here : https://coincentral.com/cancel-unconfirmed-bitcoin-transaction/
Read the link for the complete information.
As we can read here : https://coincentral.com/cancel-unconfirmed-bitcoin-transaction/
Quote
How to cancel an unconfirmed Bitcoin transaction
There are two primary strategies you can use to try to cancel your unconfirmed Bitcoin transaction:
Replace by Fee (RBF)
Double spend using a higher fee
Some wallets support the RBF protocol allowing you to replace your original transaction with a new one that includes a higher transaction fee. This would effectively unstick your transaction.
There are two primary strategies you can use to try to cancel your unconfirmed Bitcoin transaction:
Replace by Fee (RBF)
Double spend using a higher fee
Some wallets support the RBF protocol allowing you to replace your original transaction with a new one that includes a higher transaction fee. This would effectively unstick your transaction.
Read the link for the complete information.
Try sportsbet, I'm not so sure anymore but before based on my experience, they credit your deposit even without confirmation.
Even nitrogensports have that kind of feature before, but they changed rules because maybe it was abused.
Just try on your own or maybe chat the support to confirm.
Actually, there's a risk that's why most sites have changes to at least 1 confirmation because some games are graded earlier before the confirmation in the blockchain, so it can be use as an advantage of the sender of a coin.
Even nitrogensports have that kind of feature before, but they changed rules because maybe it was abused.
Just try on your own or maybe chat the support to confirm.
Actually, there's a risk that's why most sites have changes to at least 1 confirmation because some games are graded earlier before the confirmation in the blockchain, so it can be use as an advantage of the sender of a coin.
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