Bitcoin Lightning Network Casinos | Bitcointalksearch.org

Wind_FURY

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Quote from: notblox1 on July 09, 2024, 11:59:23 AM

Quote from: crwth on July 03, 2024, 11:03:55 PM

Aside from the fast payments and low tx fees, what are the benefits of it?

Lightning network is faster so withdrawal and deposit should be much faster.

But there are no other benefits for casinos, there are only downsides because Lightning is not decentralized like Bitcoin and we dont know what type of wallets casinos are using.

Anyone who is promoting Lightning is promoting some company provider, that is not bitcoin.

I believe not. Because from the casinos viewpoint, they don't care if it's centralized or decentralized as long as the money comes in into their ledgers. Many of the most successful casinos also accept fiat, no? Cool

Plus in whatever form casinos accept Lightning, custodial or non-custodial, it would always be a benefit to Bitcoin because the Bitcoins in the Lightning Network are actual Bitcoins that haven't been settled on-chain yet. Another benefit is using Lightning promotes the use of technologies on top of Bitcoin whether custodially or non-custodially.

ultrloa

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Quote from: Agbe on July 10, 2024, 05:46:41 AM

Quote from: notblox1 on July 09, 2024, 11:59:23 AM

Quote from: crwth on July 03, 2024, 11:03:55 PM

Aside from the fast payments and low tx fees, what are the benefits of it?

Lightning network is faster so withdrawal and deposit should be much faster.
But there are no other benefits for casinos, there are only downsides because Lightning is not decentralized like Bitcoin and we dont know what type of wallets casinos are using.
Anyone who is promoting Lightning is promoting some company provider, that is not bitcoin.

Upon all the fastness of the Lightening Network the uses (users) are very few. By the right lightening network would have been the best network to be used by bitcoiners but because of it complexity, it is only few use it. You have to look for someone that is using it to connect. It would have been better if they allow everyone to use like normal electrum. And I don't think those casinos using it would have enough customer but using it in a casino might be different from the normal uses of the network. Because since they are users there, the transaction process would be easier.

For normal usage maybe people will really find it hassle to use but for gamblers which really want bitcoin still as option for them to deposit I guess they would provably use the lightning network if this is available in their selection. Also if there's an issue happening to the bitcoin network.

I don't know what's the real score about peoples decision upon their takes about lightning network but one thing is for sure. They only thing about this technology if network fee surge high. Then forget about it if fees goes back to normal since they don't like to use other thing but to deposit bitcoin directly.

Agbe

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Quote from: notblox1 on July 09, 2024, 11:59:23 AM

Quote from: crwth on July 03, 2024, 11:03:55 PM

Aside from the fast payments and low tx fees, what are the benefits of it?

Lightning network is faster so withdrawal and deposit should be much faster.
But there are no other benefits for casinos, there are only downsides because Lightning is not decentralized like Bitcoin and we dont know what type of wallets casinos are using.
Anyone who is promoting Lightning is promoting some company provider, that is not bitcoin.

Upon all the fastness of the Lightening Network the uses (users) are very few. By the right lightening network would have been the best network to be used by bitcoiners but because of it complexity, it is only few use it. You have to look for someone that is using it to connect. It would have been better if they allow everyone to use like normal electrum. And I don't think those casinos using it would have enough customer but using it in a casino might be different from the normal uses of the network. Because since they are users there, the transaction process would be easier.

noormcs5

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Quote from: BitGoba on June 29, 2024, 05:12:02 AM

Quote from: Solosanz on June 28, 2024, 09:47:22 AM

Is that your own sites? I'm surprised why you list this 1x shitty casino in your sites, here's the list why 1xbet is a scammy casino 1xbit scam accusations. Scamming gamblers since 2017 (1xbet is a sister company of 1xbit).

Although anyone can down vote the casino that they don't like, it's better if scam site got excluded. At the same time I don't like the ranks based on vote, people just need to spend their money to get higher rank even though they might not deserve it, but I understand this way is a form of money making.

Anyone can add a website that accepts Bitcoin and Bitcoin Lightning payments. Users can write reviews and rate these websites. It's a directory designed to establish trust in various services that offer Bitcoin payments

https://spend-sats.com/view/website/1xbet/

Technology comes later, the first thing is that the casino should be trusted one. What is the benefit of playing at a casino offering a Bitcoin lighting network and all other altcoins for deposit, but never letting the players withdraw the funds. I know people can give reviews about the site but for those sites where we are 100% sure that those sites are scams, that should be eliminated from the list.

By the way, how many gambler prefer to use Bitcoin Lightning Network for gambling purposes ? I think most of them don't even know how the lighting network works and they prefer using bitcoin network or maybe altcoins if they want to save time and fee.

notblox1

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Quote from: crwth on July 03, 2024, 11:03:55 PM

Aside from the fast payments and low tx fees, what are the benefits of it?

Lightning network is faster so withdrawal and deposit should be much faster.
But there are no other benefits for casinos, there are only downsides because Lightning is not decentralized like Bitcoin and we dont know what type of wallets casinos are using.
Anyone who is promoting Lightning is promoting some company provider, that is not bitcoin.

EarnOnVictor

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Quote from: paxmao on July 05, 2024, 06:55:45 AM

Quote from: EarnOnVictor on July 05, 2024, 04:21:22 AM

Quote from: Charles-Tim on June 27, 2024, 01:43:49 PM

Sportbets.io is not listed among. I withdrew bitcoin on Sportsbet.io recently and I withdrew it using lightning network. I hope other well reputed gambling site like Stake will support lightning network soon. The mempool is not that congested recently. If the mempool is congested, I can decide to use USDT on Tron or BSC network on Stake.com.

You have a point there and I was even thinking the same. Although some casinos, especially the small ones may think this is a big deal and also a point of selling for them, a big casino like Stake may think otherwise as though it is not necessary since they've made it possible for their customers to have a huge number of alternative means of depositing their money and withdrawing it aside from Bitcoin.

So the choice is the customer's as different cryptos have their different benefits and difficulties. The last time I counted the deposit and withdrawal options of Stake through cryptocurrencies alone, I was able to count 20. This is a huge number to choose from even as most casinos I know have between 1 and 5 crypto options.

To be honest I do think that having as many coins as possible to deposit is a good thing, however I do not have the inside view in terms of how are these coins really being used. It may very well be the case that not that many people want to play, for example, with Solana so lighting network is a safe bet in the sense that you can deposit cheaply with the most known one.

Not smart? It is smart my friend, there is nothing controversial in having alternatives. The only issues that could make establishments shy away from having multiple deposit and withdrawal options are security and liquidity. But a big casino like Stake has nothing to worry about with the two, if not, they wouldn't have dared it or would have stopped it. However, the benefits are enormous to both the establishment and its customers, as customer A may prefer Litecoin as an extremist and may only despite in a casino having that option. Won't Stake miss such a customer if such is so determined as a fan of Litecoin?

This is happening bro, though it is not so extreme for other customers but for their plans and convenience. The transaction fees and speed matters here too, especially when the network of one is congested as we often see on Bitcoin. That shouldn't stop us from sending money and the casino receiving money while gambling continues.

3kpk3

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Quote from: Mate2237 on July 07, 2024, 09:24:27 AM

The casinos are well designed and have nice games but the rating in the review website on those casinos are very poor. The highest rating star is 3 while the others are just two and they are not found in this forum so I don't think it is good to make recommendations on tht because of their status. I know you made the recommendation because the need of the op looking for casinos tht need or using a lightening network and all those casinos from the link accept the deposit from the lighting network.

That site is full of crap if you ask me since most of the websites aren't even well known within this forum and some well known ones like Bitcasino and Sportsbet.io received mediocre ratings which is totally inaccurate.

It's way better to just research this forum for information instead of depending on such pointless sites.

joniboini

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Quote from: Mate2237 on July 07, 2024, 09:24:27 AM

The highest rating star is 3 while the others are just two and they are not found in this forum so I don't think it is good to make recommendations on tht because of their status. I know you made the recommendation because the need of the op looking for casinos tht need or using a lightening network and all those casinos from the link accept the deposit from the lighting network.

To be fair having a presence on this forum doesn't mean your business is legit, although I'm not sure how those ratings come to be so it's kinda useless unless we know who gives that and what's the reason for it. On the forum, it is easier to search for decent reviews since members have their rank/post history to judge how useful their reviews are.

That being said, I believe OP can modify his post to include a table or something similar if he wants to, including new websites to track casinos that support LN. That being said if he doesn't want to update it regularly I think a new thread for that is fine.

Mate2237

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Quote from: TOP69CryptoCasinos on July 04, 2024, 10:01:40 AM

You can find a real list here -> Bitcoin Lightning Casinos.
There are just 8 brands listed that accept BTC via Lightning Network, but I'll be updating it soon and adding more.

The casinos are well designed and have nice games but the rating in the review website on those casinos are very poor. The highest rating star is 3 while the others are just two and they are not found in this forum so I don't think it is good to make recommendations on tht because of their status. I know you made the recommendation because the need of the op looking for casinos tht need or using a lightening network and all those casinos from the link accept the deposit from the lighting network.

And if they were in this forum then we would have known their character status even though their rating is vet low. And for that playing in those casinos is the for the gambler's risk.

Taskford

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Quote from: Haunebu on July 06, 2024, 12:59:44 AM

I expected a lot from lightning network when it was launched way back, but it didn't turn out to be the big success that I wanted it to be. Very few gamblers actually use it now and then which makes sense considering BTC's low fees these days and great altcoins alternatives.

I advise sticking to BTC when its fees are low or shifting to altcoins like LTC or Doge when BTC fee rises instead of depending on the LN op.

Maybe people just don't like the lightning feature due to this situation.

Quote

Because Lightning relies heavily on off-chain transactions, the ability to modify a TxID could potentially be exploited to disrupt payment channels or create fraudulent transactions.

Lots of things you can learn about it in this site https://www.investopedia.com/tech/bitcoin-lightning-network-problems/

That's the reason maybe lots of people decide not to use bitcoin lightning network. Either they just wait for network fee to go down or they just think of other alternative alts to transact which is commonly happening since there are less hassle or other technical aspect by choosing this option.

TOP69CryptoCasinos

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Quote from: Wind_FURY on July 06, 2024, 12:01:22 AM

Plus I didn't know that BC.Game accepted deposits through Lightning Network. I will try it during my next Craps session. Cool

It doesn't.

Haunebu

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I expected a lot from lightning network when it was launched way back, but it didn't turn out to be the big success that I wanted it to be. Very few gamblers actually use it now and then which makes sense considering BTC's low fees these days and great altcoins alternatives.

I advise sticking to BTC when its fees are low or shifting to altcoins like LTC or Doge when BTC fee rises instead of depending on the LN op.

Wind_FURY

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OP add BetPlay to your list, https://bitcointalksearch.org/topic/betplayio-lightning-network-casino-instant-zero-fee-payments-5319611

It's the only casino that I have tried to deposit/withdraw using the Lightning Network. The experience was very good/no problems with my small transactions - less than $100.00. I can't speak for larger Lightning transactions.

Plus I didn't know that BC.Game accepted deposits through Lightning Network. I will try it during my next Craps session. Cool

Charles-Tim

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Quote from: AB de Royse777 on July 05, 2024, 01:03:54 PM

I still yet to use Lightning network, I tried a few times but never was able to have a successful trade :-D

Likely you are referring to decentralized exchanges or trading with someone directly. Because it has been very easy on centralized exchanges. As some people will prefer to use decentralized exchanges, some people will prefer to use centralized exchanges. For a low amount, lightning network can discourage people to hold their small amount of bitcoin on centralized exchanges as the onchain fee can discourage them to withdraw. For decentralized exchanges and trading directly with someone, lightning network can be discouraging.

Saint-loup

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Quote from: TOP69CryptoCasinos on July 04, 2024, 10:01:40 AM

I didn't see any casino that accepts Bitcoin Lightning Network in that directory posted by OP.

You can find a real list here -> Bitcoin Lightning Casinos.
There are just 8 brands listed that accept BTC via Lightning Network, but I'll be updating it soon and adding more.

They name Livecasino

along with his brothers from the Yolo group, Bitcasino and Sportsbet of course. So it must be a rather good website I guess, not trying to only get referral members for once. To be honest, it's a little bit surprising to see one website of this type trying to be exhaustive and relevant, by proposing platforms of quality instead of just selling advertisments and referral links, as usual.

AB de Royse777

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Quote from: Charles-Tim on June 27, 2024, 01:43:49 PM

Sportbets.io is not listed among. I withdrew bitcoin on Sportsbet.io recently and I withdrew it using lightning network. I hope other well reputed gambling site like Stake will support lightning network soon. The mempool is not that congested recently. If the mempool is congested, I can decide to use USDT on Tron or BSC network on Stake.com.

I still yet to use Lightning network, I tried a few times but never was able to have a successful trade :-D

Quote from: BitGoba on June 29, 2024, 05:12:02 AM

Anyone can add a website that accepts Bitcoin and Bitcoin Lightning payments. Users can write reviews and rate these websites. It's a directory designed to establish trust in various services that offer Bitcoin payments

https://spend-sats.com/view/website/1xbet/

1xbet does not have a good reputation in this community. If you are focusing on bitcointalk then you need to know how the community treats this bookmakers.

paxmao

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Quote from: EarnOnVictor on July 05, 2024, 04:21:22 AM

Quote from: Charles-Tim on June 27, 2024, 01:43:49 PM

Sportbets.io is not listed among. I withdrew bitcoin on Sportsbet.io recently and I withdrew it using lightning network. I hope other well reputed gambling site like Stake will support lightning network soon. The mempool is not that congested recently. If the mempool is congested, I can decide to use USDT on Tron or BSC network on Stake.com.

You have a point there and I was even thinking the same. Although some casinos, especially the small ones may think this is a big deal and also a point of selling for them, a big casino like Stake may think otherwise as though it is not necessary since they've made it possible for their customers to have a huge number of alternative means of depositing their money and withdrawing it aside from Bitcoin.

So the choice is the customer's as different cryptos have their different benefits and difficulties. The last time I counted the deposit and withdrawal options of Stake through cryptocurrencies alone, I was able to count 20. This is a huge number to choose from even as most casinos I know have between 1 and 5 crypto options.

To be honest I do think that having as many coins as possible to deposit is a good thing, however I do not have the inside view in terms of how are these coins really being used. It may very well be the case that not that many people want to play, for example, with Solana so lighting network is a safe bet in the sense that you can deposit cheaply with the most known one.

EarnOnVictor

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Quote from: Charles-Tim on June 27, 2024, 01:43:49 PM

Sportbets.io is not listed among. I withdrew bitcoin on Sportsbet.io recently and I withdrew it using lightning network. I hope other well reputed gambling site like Stake will support lightning network soon. The mempool is not that congested recently. If the mempool is congested, I can decide to use USDT on Tron or BSC network on Stake.com.

You have a point there and I was even thinking the same. Although some casinos, especially the small ones may think this is a big deal and also a point of selling for them, a big casino like Stake may think otherwise as though it is not necessary since they've made it possible for their customers to have a huge number of alternative means of depositing their money and withdrawing it aside from Bitcoin.

So the choice is the customer's as different cryptos have their different benefits and difficulties. The last time I counted the deposit and withdrawal options of Stake through cryptocurrencies alone, I was able to count 20. This is a huge number to choose from even as most casinos I know have between 1 and 5 crypto options.

Taskford

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Quote from: Kelward on July 05, 2024, 01:54:57 AM

Quote from: Beparanf on June 28, 2024, 07:51:16 AM

Betplay.io(https://bitcointalksearch.org/topic/betplayio-lightning-network-casino-instant-zero-fee-payments-5319611) is one of the few casino that I knew that support lightning network. I can’t remember exactly when they add it but I remember they add it during the first wave of Bitcoin high fees.

There’s some casino that support LN Bitcoin but I can’t recommend it here since they don’t have official ANN thread in the forum which is dangerous to play since we don’t have any feedback from forum member.

Lightning network has not gained a deserved recognition because it is only remembered when there is congestion in the mempool, after congestions it seems to be forgotten again. I guess that it could be the reason why many reputable casinos that we know are not supporting it yet, and as you said about the list of those that supports it don't have ANN thread in the forum, which can be dangerous as there's no feedback from forum members to know about their reputations.

I guess the main reason is they don't see much demand or request to add it that's why most of the casino just prefer to add alternative altcoins since this is what usually been used for deposit by their gamblers. If people would just see that Lightning Network is also good option for them to use when there's issue ongoing on bitcoin network then provably they could see that everything works well with it.

If you search it there's only few casino support this, so I guess people just ignore this feature because what they think that its more worth it to deal with other options since usually this is more convenient for them rather than trying new things that they are not familiar to use. Also as you said its hard to trust those random casino with lightning feature since we don't know if they are for real or just a trap and their main intention is to scam people.

Kelward

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Quote from: Beparanf on June 28, 2024, 07:51:16 AM

Betplay.io(https://bitcointalksearch.org/topic/betplayio-lightning-network-casino-instant-zero-fee-payments-5319611) is one of the few casino that I knew that support lightning network. I can’t remember exactly when they add it but I remember they add it during the first wave of Bitcoin high fees.

There’s some casino that support LN Bitcoin but I can’t recommend it here since they don’t have official ANN thread in the forum which is dangerous to play since we don’t have any feedback from forum member.

Lightning network has not gained a deserved recognition because it is only remembered when there is congestion in the mempool, after congestions it seems to be forgotten again. I guess that it could be the reason why many reputable casinos that we know are not supporting it yet, and as you said about the list of those that supports it don't have ANN thread in the forum, which can be dangerous as there's no feedback from forum members to know about their reputations.

Topic: Bitcoin Lightning Network Casinos (Read 712 times)