Topic: Bitcoin-instant credit?? (Read 709 times)

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

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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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: rodskee on March 31, 2022, 01:23:39 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: 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: 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: 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

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: Chato1977 on March 31, 2022, 02:18:01 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 .

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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.

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

I knew Bitsler offer non confirmation instant deposit and some other Casino usually credit the balance even if the transaction is unconfirmed since they can freeze the account or disable the withdrawal of the account with unconfirmed deposit to counter double spending. Double spending is not a problem any on Centralized business like exchange and casino because they have security defense to counter this kind of fraudulent activity.

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

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 as they can easily Hinder the withdrawal if there is something happens unexpected or some abuse from the other side.
and indeed that there is no double spending now that happens if we are talking about bitcoin network.

This can be easily reinforced if the user and casino accept Litecoin which most of the reputable ones do accept it.The confirmations of Litecoin are much faster and the risk of double spending is almost nonexistent here as even if the players loses money fast and want to use some kind of "cheating like trying the well known attacks when we have 0 confirmations" with Litecoin you already should have a few confirmations much faster compared to Bitcoin.

This is something that can be implemented for the casinos which don't have it as an option,to just allow Litecoin instant credit as a beginning.

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

I knew Bitsler offer non confirmation instant deposit and some other Casino usually credit the balance even if the transaction is unconfirmed since they can freeze the account or disable the withdrawal of the account with unconfirmed deposit to counter double spending. Double spending is not a problem any on Centralized business like exchange and casino because they have security defense to counter this kind of fraudulent activity.

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

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 as they can easily Hinder the withdrawal if there is something happens unexpected or some abuse from the other side.
and indeed that there is no double spending now that happens if we are talking about bitcoin network.

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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 .

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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?

Sorry but have you tried registering in casino site in crypto that has no instant deposit? i know that withdrawals sometimes has Issue but deposit? what i have experience is at least few minutes delay but majority has an instant deposit crediting and I see no reason why some sites will need to keep hold the deposit when this is literally what they are looking for faster gaming and possible losing and will deposit again right? this is gambling business cycling .

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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.

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Quote from: khaled0111 on March 30, 2022, 06:58:28 PM

Quote from: noormcs5 on March 30, 2022, 03:14:03 PM

Are you sure that these sites offer bitcoin deposits without confirmation?

These three sites and all other gambling sites will never allow you to deposit any money with confirmation. In fact no centralized site will offer this. This is to prevent the abuse , double spending and other ways to exploit the system.

Didn't check all of them but at least Roobet do support instant bitcoin deposits, but for other cryptocurrencies (eth and ltc) three confirmations are required. From their deposit page:

Quote from: https://roobet.com/?modal=cashier&tab=deposit

Send any amount of BTC to the following address. In the case of a non-instant deposit, 1 confirmation is required.

I knew Bitsler offer non confirmation instant deposit and some other Casino usually credit the balance even if the transaction is unconfirmed since they can freeze the account or disable the withdrawal of the account with unconfirmed deposit to counter double spending. Double spending is not a problem any on Centralized business like exchange and casino because they have security defense to counter this kind of fraudulent activity.

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

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Quote from: noormcs5 on March 30, 2022, 03:14:03 PM

Are you sure that these sites offer bitcoin deposits without confirmation?

These three sites and all other gambling sites will never allow you to deposit any money with confirmation. In fact no centralized site will offer this. This is to prevent the abuse , double spending and other ways to exploit the system.

Didn't check all of them but at least Roobet do support instant bitcoin deposits, but for other cryptocurrencies (eth and ltc) three confirmations are required. From their deposit page:

Quote from: https://roobet.com/?modal=cashier&tab=deposit

Send any amount of BTC to the following address. In the case of a non-instant deposit, 1 confirmation is required.

edit: I made a bitcoin deposit on livecasino.io and I can confirm that they accept zero-confirmation transactions. The amount I sent appeared on my account balance although the transaction was still unconfirmed. Withdrawing require the deposit transaction to have three confirmations, though.

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Quote from: DoublerHunter on March 30, 2022, 04:24:19 PM

Quote from: adzino on March 30, 2022, 03:21:13 PM

I don't think any casino would want to do an instant deposit without network confirmation. That would be too risky and gamblers would abuse it. They will require at least 1 network confirmation.
Imagine a casino offering instant deposit without network confirmation. Users would send bitcoin, do a quick bet, if they lose, they would try to double spend. The casino would be losing a lot. Not worth the risk for the casino.

^ Definitely right and even 1 confirmation is still risky on their side and that is not safe, it should always be 3 confirmations which are the chances of double-spending transactions becoming less. No one would want an instant deposit, you can probably exploit the network and did not safe for the gambling casino. The transaction won't take so long and I think there is no need to hurry the transaction, it could be 30 minutes to 1 hour more or less, so in that long, it is fair enough.

Getting 3 confirmation would be not that too long it is really just there are people who are really that impatient when playing gambling on where they do really like on having instant deposit.Its true that

risk of double spend is there when they do tend to accept instant deposits and all of business owners are aware of that which it isnt surprising that you could not even see a single casino whom
do deal with this set-up.They do know the risk and its normal for a business on patching up those holes for protecting their business which i could say to be a normal kind of action.

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Quote from: adzino on March 30, 2022, 03:21:13 PM

I don't think any casino would want to do an instant deposit without network confirmation. That would be too risky and gamblers would abuse it. They will require at least 1 network confirmation.
Imagine a casino offering instant deposit without network confirmation. Users would send bitcoin, do a quick bet, if they lose, they would try to double spend. The casino would be losing a lot. Not worth the risk for the casino.

^ Definitely right and even 1 confirmation is still risky on their side and that is not safe, it should always be 3 confirmations which are the chances of double-spending transactions becoming less. No one would want an instant deposit, you can probably exploit the network and did not safe for the gambling casino. The transaction won't take so long and I think there is no need to hurry the transaction, it could be 30 minutes to 1 hour more or less, so in that long, it is fair enough.

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Quote from: adzino on March 30, 2022, 03:21:13 PM

I don't think any casino would want to do an instant deposit without network confirmation. That would be too risky and gamblers would abuse it. They will require at least 1 network confirmation.
Imagine a casino offering instant deposit without network confirmation. Users would send bitcoin, do a quick bet, if they lose, they would try to double spend. The casino would be losing a lot. Not worth the risk for the casino.

In the past, there have been a number of sites that processed a transaction as soon as you made a deposit. But because of the double spend, there has been too much fraud, and administratively this is too difficult for a site to keep track of. Sites have the best intentions so that players see their deposit credited as soon as possible, but they still use at least 1 confirmation from the network. It doesn't take that long these days, at most 20 minutes. But often a few minutes, provided there is enough fee.

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I don't think any casino would want to do an instant deposit without network confirmation. That would be too risky and gamblers would abuse it. They will require at least 1 network confirmation.
Imagine a casino offering instant deposit without network confirmation. Users would send bitcoin, do a quick bet, if they lose, they would try to double spend. The casino would be losing a lot. Not worth the risk for the casino.

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Quote from: rohang on March 05, 2022, 10:04:21 AM

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

Are you sure that these sites offer bitcoin deposits without confirmation?

These three sites and all other gambling sites will never allow you to deposit any money with confirmation. In fact no centralized site will offer this. This is to prevent the abuse , double spending and other ways to exploit the system.

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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?

It sounds like you're attempting to try to beat casinos by double spending, either that or you're a prolific gambler who would probably be wise to take the maybe 30 minutes it takes for a blockchain transaction to settle. There may be the odd casino that accepts it, but at the first sign of shenanigans they'll cut your funds off and hold on to them. No trick will work long term to beat the casinos in this way, it might have been possible over ten years ago with newer places but all of these basic steps are safe guarded against now. Anyway, lets hope it was a legitimate question, but if so - you should probably go easy on your spending because it's very easy to lose control and waste a lot of money.

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Quote from: stepwilli on March 23, 2022, 05:18:52 PM

Quote from: South Park on March 22, 2022, 03:59:15 PM

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.

I think I have tried this before, it was a bch coin that I used because there are no other options and I already know that BCH transactions are super slow. I didn't know if there are other coins besides BCH that are slow to process? BCH isn't that even popular so I don't think it will experience a congestion.

A delay can be a good thing because it discourage gamblers to deposit and lose more. It makes them practice a responsible gambling but for someone that is highly addictive, they will try to look for alternatives just to gamble in a quicker way. Dunno if one of it is the OP or it's also possible that the OP has a different objective.

Also if someone one wants to send their transaction and play as soon as possible maybe they could begin to gamble with coins that have a fast confirmation time like dogecoin, dogecoin despite its meme status has some usefulness beyond being a pump and dump coin, dogecoin can offer really fast confirmations, so anyone that is too impatient to wait for a bitcoin confirmation could move to dogecoin and cut down the time they have to wait significantly and make their wait more bearable.

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Here's how double-spend works.

https://www.youtube.com/watch?v=tXnE4MYOAaY
https://www.youtube.com/watch?v=HQdaZZBw3X8

It would really be just normal for a business to play safe because it would be a total loss if someone double spends
and potentially able to make some hits out of those fake deposits. Cool

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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?

^ Probably right after 3 confirmations of the transaction which is a standard process and safe both.
Gambling casinos may be at risk if the will have fast credit, it could be BTC can be double-spend so that the transaction will not credited, so if the casino allows betting even though the transactions are not confirmed. That is their risk.
However, instant credit will not matter to me, the most important is how gambling casino is being responsible and reputable.

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Quote from: stepwilli on March 23, 2022, 05:18:52 PM

Quote from: South Park on March 22, 2022, 03:59:15 PM

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.

I think I have tried this before, it was a bch coin that I used because there are no other options and I already know that BCH transactions are super slow. I didn't know if there are other coins besides BCH that are slow to process? BCH isn't that even popular so I don't think it will experience a congestion.

A delay can be a good thing because it discourage gamblers to deposit and lose more. It makes them practice a responsible gambling but for someone that is highly addictive, they will try to look for alternatives just to gamble in a quicker way. Dunno if one of it is the OP or it's also possible that the OP has a different objective.

Addiction and impulsive kind of behavior is a different matter so lets not attach to it on how fast deposits do really affect that one and speaking with BCH confirmation then it is way too slow
based up on experience thats why its not surprising that several casinos just do include this as their payment coins and the rest is really just choosing LTC or DASH based on observation.
Instant credit is not possible or can be seen nowadays because of double spending issues thats why casinos had made out at least 1 confirmation before it do credits.

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Quote from: South Park on March 22, 2022, 03:59:15 PM

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.

I think I have tried this before, it was a bch coin that I used because there are no other options and I already know that BCH transactions are super slow. I didn't know if there are other coins besides BCH that are slow to process? BCH isn't that even popular so I don't think it will experience a congestion.

A delay can be a good thing because it discourage gamblers to deposit and lose more. It makes them practice a responsible gambling but for someone that is highly addictive, they will try to look for alternatives just to gamble in a quicker way. Dunno if one of it is the OP or it's also possible that the OP has a different objective.

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Quote from: LUCKMCFLY on March 23, 2022, 11:43:33 AM

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.

This is why I said that this could speed up the process. If there is a problem with it then I think a casino would have to put a strict rule or a system where those who deposit and they instantly get credited while waiting for the process then they won't be able to withdraw their funds even after they made a bet as long as the process of the deposit of fiat is not yet fully process which in my opinion could help the casino prevent a gambler getting their funds if ever a deposit of fiat to casino using bank for example didn't went through then that means the amount credited to the gambler's account is still owned by the casino until the deposit went through.

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

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.

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

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

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

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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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.

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

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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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: Eureka_07 on March 04, 2022, 12:13:15 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: 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

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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.

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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.

STT

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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.

seoincorporation

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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.

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Quote from: swogerino on March 04, 2022, 03:45:49 AM

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 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.

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Quote from: wildan88 on March 04, 2022, 03:44:15 AM

Quote from: sunsilk on March 04, 2022, 03:18:38 AM

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.

There's that we like in instant confirmation and transactions.

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.

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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.

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Quote from: Gozie51 on March 05, 2022, 12:27:26 PM

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.

Accardo

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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.

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