Is this possible? | Bitcointalksearch.org

Hirose UK

hero member

Activity: 1302

Merit: 503

Leading Crypto Sports Betting & Casino Platform

Quote from: Perfectbaby on January 13, 2025, 07:36:10 PM

Quote from: shasan on January 13, 2025, 06:08:34 PM

~snip~

Yes you are right, just that was only looking for a way to deposit cryptocurrency on the gambling site and withdraw it through other currency, but like i have understand so far it's not possible for that to likely happened and even as that one must convert it outside before sending it to the gambling site just as you have suggested to sell to our Local currency before making deposit to gambling site.
The reason why i needed such options was as a reason of our country being so strict with the regulation issues but, thanks if that could be the case using forum p2p could be the best options.

You withdraw it with local fiat currency, it depends on the gambling site you use whether they provide withdrawals with your country local currency or not because if the gambling site is crypto-based, I think it will be difficult to find one that has the withdrawal option you want.
Only way is to withdraw it back into Cex or crypto exchange platform and make sale via P2P and you can receive money to be sent directly to your personal bank account after making sale, so far I have used several gambling sites but have not found crypto-based site that provides withdrawals in local fiat currency directly.

shasan

copper member

Activity: 2422

Merit: 1313

Playbet.io - Crypto Casino and Sportsbook

Quote from: ethereumhunter on January 14, 2025, 04:12:01 AM

Unless the casino have that feature to convert and send the money to your local bank and yes, that is available if he use fiat casino. That will not available in the crypto casino so he will not be able to send the win money to his local bank account. We still need third party services to send the funds to our bank account so he can use p2p, exchanges, or even find people from this forum that lived in the same city like him. At least, I did that if I want to send the funds to my bank account.

I think many a gambling site might have a local bank available at list mobile bank account. I have seen several gambling sites which have mobile bank account services available in our country. So, hopefully, think it is available in your country as well as the country of the OP and also think maximum country might have available this service.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Samlucky O on January 14, 2025, 12:31:08 AM

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

I don't think so because I have tried that before and I was disappointed. I was directed to withdraw my wining from the process I deposited from. I don't know if talking about that particular gambling site will be permitted, but like I said I don't think so. If you deposit from fiat you will withdrawal from fiat and likewise if you deposited through crypto, you will withdraw through crypto that is just all. Except otherwise, but am sure they don't accept that.

Unless the casino have that feature to convert and send the money to your local bank and yes, that is available if he use fiat casino. That will not available in the crypto casino so he will not be able to send the win money to his local bank account. We still need third party services to send the funds to our bank account so he can use p2p, exchanges, or even find people from this forum that lived in the same city like him. At least, I did that if I want to send the funds to my bank account.

Samlucky O

sr. member

Activity: 504

Merit: 389

The great city of God 🔥

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

I don't think so because I have tried that before and I was disappointed. I was directed to withdraw my wining from the process I deposited from. I don't know if talking about that particular gambling site will be permitted, but like I said I don't think so. If you deposit from fiat you will withdrawal from fiat and likewise if you deposited through crypto, you will withdraw through crypto that is just all. Except otherwise, but am sure they don't accept that.

red4slash

hero member

Activity: 1554

Merit: 519

This is difficult and even I think it seems like it can't be done as of now because after all we know that the 2 concepts cannot be united especially for now where crypto casino sites have always been one of the sites that are in great demand so in the end to withdraw to local currency directly is clearly difficult because in the end the crypto base remains the first option.

Because in the end it will be a little strange when we deposit in crypto and withdraw directly in local currency because the concept can be 2 different things in the end and maybe even the crypto casino identity that should be inherent will not happen if something like this is put together on one site in the end.

What I can see now is that if we deposit crypto then the withdrawal must be crypto but when we deposit fiat then the withdrawal must be fiat and tenru is local money like some local sites that do make deposits and withdrawals using local currency and bank accounts.

rodskee

full member

Activity: 2576

Merit: 205

Quote from: goldkingcoiner on January 08, 2025, 09:02:00 AM

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

I doubt it. I think that would fall under the domain of financial services like those of crypto exchanges and the casino would require additional license(s).

It might be more of a regulatory issue than anything else.

the common fiat currency i see in online casinos is just the us dollar and nothing else there also already stablecoins pegged to the us dollar maybe this is just the default one and the one where almost everyone uses so it is the one we can see often in online casinos so even if they wanted to include a fiat currency i doubt they would put many especially from countries that they do not have a lot of customers in so us dollar is your best bet

Perfectbaby

full member

Activity: 162

Merit: 104

Quote from: shasan on January 13, 2025, 06:08:34 PM

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

You may convert it to your local currency and then wager if you wager the wagering requirement of the gambling site you may able to withdraw. And also, better you may convert that from currency exchange section on the forum or use p2p service from finance p2p service if it is available to your country.

Yes you are right, just that was only looking for a way to deposit cryptocurrency on the gambling site and withdraw it through other currency, but like i have understand so far it's not possible for that to likely happened and even as that one must convert it outside before sending it to the gambling site just as you have suggested to sell to our Local currency before making deposit to gambling site.
The reason why i needed such options was as a reason of our country being so strict with the regulation issues but, thanks if that could be the case using forum p2p could be the best options.

Muba20

full member

Activity: 181

Merit: 111

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

I think there is no gambling platform that offers this kind of facility. In all the gambling platforms that I have seen, I have to withdraw the money in the same currency that I will deposit using the cryptocurrency or platform. If we want to make our cryptocurrencies our own local currency, we will be able to easily convert our local currency using the same method that we can convert dollars into fiat using P2P and this is not a difficult task. Such an opportunity will never be available directly from that gambling platform. If there is a local casino platform that is capable of giving all kinds of opportunities to a gambler, then there may be such opportunities in their case. But this is not a problem if he uses P2P for exchange crypto currency to convert fiat.

shasan

copper member

Activity: 2422

Merit: 1313

Playbet.io - Crypto Casino and Sportsbook

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

You may convert it to your local currency and then wager if you wager the wagering requirement of the gambling site you may able to withdraw. And also, better you may convert that from currency exchange section on the forum or use p2p service from finance p2p service if it is available to your country.

goldkingcoiner

legendary

Activity: 2310

Merit: 2119

A Bitcoiner chooses. A slave obeys.

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

I doubt it. I think that would fall under the domain of financial services like those of crypto exchanges and the casino would require additional license(s).

It might be more of a regulatory issue than anything else.

Fivestar4everMVP

legendary

Activity: 2520

Merit: 1092

Leading Crypto Sports Betting & Casino Platform

Quote from: Perfectbaby on January 08, 2025, 08:45:11 AM

Quote from: Fivestar4everMVP on January 08, 2025, 05:38:31 AM

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

I am also a Nigerian and I have not come across any online gambling casino that allows this, most online gambling casinos only allow you (the gambler) to withdraw funds from the casino in the same currency that you deposited and played with.

I understand that it's been a while since you started this thread, and I haven't actually gone through other forum user's comments to see if there is or are any casinos that support this, but then, without a casino having an internal exchange feature where users can convert from one currency or cryptocurrency to another, its impossible to deposit and play in or with one currency or cryptocurrency, and withdraw through another currency or cryptocurrency.

I used to play on 1xbet and several times, I deposited cryptocurrency and tried to withdraw in Nigerian naira after getting some winnings, but it was impossible, they only allowed me withdraw in crypto and in the same coin or token I deposited, same goes to when I deposit and play with Nigerian naira.

Yes you are correct because of have gone through many comment over here and that is not possible, this can only happen if that casino or gambling site have a feature that would allow someone to gamble and after which they can convert their winning to other currencies or cryptocurrencies and which is not possible to happened and haven't seen such feature yet, maybe except in the feature for that to likely to happen but for now i don't think that is be possible. The reason why asking this is that due to regulation issues between trading cryptocurrency to NGN it could be ideal for auto-convert to currencies for exchange to be enabled.

Yeah, with the Nigerian government's fight against p2p platforms operating peaceful in Nigeria, we can say for sure that converting crypto to naira has become a major big deal for most Nigerians that are into crypto, but still, we have some exchanges still doing their best to provide this service to Nigerians, example is Bybit and some other unpopular platforms I can't start mentioning here.

And going back to casinos, some casino actually do have this internal exchange service, like if I remember correctly, rollbit has this feature, also bc.game has the feature, but they only offer conversion of crypto to crypto, and not crypto to fiat, and even if any of this casino offer crypto to fiat conversion, I don't think they support Nigerian Naira.

And stake too has a conversion service but it's third party, they do not offer their own in-house exchange service, but some third party services can help stake users convert from one cryptocurrency to another through Stake's Tipping feature.

Perfectbaby

full member

Activity: 162

Merit: 104

Quote from: Fivestar4everMVP on January 08, 2025, 05:38:31 AM

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

I am also a Nigerian and I have not come across any online gambling casino that allows this, most online gambling casinos only allow you (the gambler) to withdraw funds from the casino in the same currency that you deposited and played with.

I understand that it's been a while since you started this thread, and I haven't actually gone through other forum user's comments to see if there is or are any casinos that support this, but then, without a casino having an internal exchange feature where users can convert from one currency or cryptocurrency to another, its impossible to deposit and play in or with one currency or cryptocurrency, and withdraw through another currency or cryptocurrency.

I used to play on 1xbet and several times, I deposited cryptocurrency and tried to withdraw in Nigerian naira after getting some winnings, but it was impossible, they only allowed me withdraw in crypto and in the same coin or token I deposited, same goes to when I deposit and play with Nigerian naira.

Yes you are correct because of have gone through many comment over here and that is not possible, this can only happen if that casino or gambling site have a feature that would allow someone to gamble and after which they can convert their winning to other currencies or cryptocurrencies and which is not possible to happened and haven't seen such feature yet, maybe except in the feature for that to likely to happen but for now i don't think that is be possible. The reason why asking this is that due to regulation issues between trading cryptocurrency to NGN it could be ideal for auto-convert to currencies for exchange to be enabled.

Fivestar4everMVP

legendary

Activity: 2520

Merit: 1092

Leading Crypto Sports Betting & Casino Platform

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

I am also a Nigerian and I have not come across any online gambling casino that allows this, most online gambling casinos only allow you (the gambler) to withdraw funds from the casino in the same currency that you deposited and played with.

I understand that it's been a while since you started this thread, and I haven't actually gone through other forum user's comments to see if there is or are any casinos that support this, but then, without a casino having an internal exchange feature where users can convert from one currency or cryptocurrency to another, its impossible to deposit and play in or with one currency or cryptocurrency, and withdraw through another currency or cryptocurrency.

I used to play on 1xbet and several times, I deposited cryptocurrency and tried to withdraw in Nigerian naira after getting some winnings, but it was impossible, they only allowed me withdraw in crypto and in the same coin or token I deposited, same goes to when I deposit and play with Nigerian naira.

Judith87403

full member

Activity: 311

Merit: 236

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

I think the answer is No actually I don't think if there's any betting site that can permit you to withdraw with your local currency when you deposited with crypto, this only happens in most of this casino games is only in casino game that you're permitted to withdraw in your local currency. I think I have encountered this type of issue before though it's been a very long time now I couldn't remember the name of the site anymore, I made a deposit using dogecoin hoping that maybe after winning that I can be able to convert it to my local currency but all not to avail I even tried using my dogecoin address to make the withdrawal still unable to withdraw so I just decided to let go, It was only 10dogecoins though.

Tungbulu

full member

Activity: 294

Merit: 202

RATING:⭐⭐⭐⭐⭐

Well from what I know, expect the casino is a local online casino that also allows you to make deposits through your local currency, as well as other forms of payment like the crypto payment, yes if this is the case, then I believe it’ll be possible to deposit funds to your account via crypto currency and then withdraw your winnings via your local currency ( which is amongst their payment methods). Although at this point, due to the rigid policies and regulations on crypto in Nigeria, I doubt there’s currently any local online casinos within that jurisdiction that’s currently supporting crypto payments on their casino.

Bitcoinsummoner

hero member

Activity: 1526

Merit: 624

Maintain Social Distance, Stay safe.

Quote from: BABY SHOES on November 13, 2024, 04:43:51 PM

Here's what I don't know... Are there any casinos that allow fiat withdrawals after depositing using crypto... I don't think this feature exists yet and I haven't seen anyone successfully doing it.

What I know from the casino
Crypto deposit - then crypto withdrawal.
Fiat deposit - then fiat withdrawal.

Whatever you mean, I think it would be hard to find a casino that has this feature.

Appreciate with you (OP). I don't think that's why you convert your deposit money to another currency. If you deposit your money in crypto, why must you convert your currency into another method? You (Perfectbaby) should know it's one kind of laundering because criminals will abuse the gambling site by making it.

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: alegotardo on November 26, 2024, 05:31:14 PM

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

No!

In all the casinos I know (at least the reputable ones) you can only withdraw the same currency you deposited, since your balance is never "converted"....
In other words, if you deposited Bitcoin you will place your bets with Bitcoin (or satoshis) and if you win the game your reward will be paid in Bitcoins, increasing your balance in that same currency. So to withdraw you can only do so using a wallet under the Bitcoin blockchain.

I don't know if there is any casino with an "exchange" built in where you can trade and bet under the same login, I don't think so.

What I saw once was a site encouraging the use of its token, so you could exchange Fiat or Crypto for their token and bet with that, but you couldn't exchange it back to Bitcoin or Fiat when you wanted to withdraw.

Yes. this is indeed true and basing up on my own experience over the years on crypto platforms is that you do only make up withdrawal basing up on the thing that you had deposit whether Bitcoin or with fiat on which its not possible that you could be able to make out some conversions in between fiat and pretty sure that these platforms are aware about these probabilities and thats why they will really be that surely prohibits out and this isnt some sort or exchange sites on having that conversion. Well for some other crypto then it could be that possible on which you can make out those kind of exchange but when it comes to fiat then i doubt that it is really that available or something that could be possible. This is why its better not to stress yourself out with this regard.

Miles2006

sr. member

Activity: 182

Merit: 120

This is possible if only the casino allows fiat deposit, it’s actually funny depositing using a different currency and wanting to withdraw with another currency like fiat although crypto casino hardly create such opportunity mostly the fiat feature. What every gambler does when using a casino certainly it’s a must you discover what currency is required before depositing so wanting any feature aside the ones listed is totally impossible.

Cityhunter34

full member

Activity: 252

Merit: 57

Wheel of Whales 🐳

Quote from: sotelorene on January 07, 2025, 02:56:23 PM

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

It is actually possible to make a deposit in gambling site with cryptocurrency and withdraw through native NGN and it is also possible to make deposit in NGN and also withdraw in cryptocurrency though not all site allows that, I think I have come across a gambling site that does that but I can not actually remember the name, I think is 1xbet or... I don't really remember. However, in my opinion or to me I wouldn't even want to deposit with cryptocurrency and withdraw in native NGN because i prefer cryptocurrency after all you can still convert to your native NGN and the most important thing is that the value or the worth of it won't change.

I highly doubt that's possible. From my experience with online gambling, I have never come across a site that allows deposits and withdrawals in different currencies or methods. Typically, withdrawals must be made through the same method used for deposit. For instance if you deposit using cryptocurrency you can't withdraw in NGN. I'm not aware of any casino that offer this flexibility.

sotelorene

full member

Activity: 462

Merit: 136

EVO.io

Quote from: Perfectbaby on November 13, 2024, 03:11:32 PM

Okay, I wanted to make a deposit to a gambling site and having it withdrawn to our native currency.

For instance; If i deposit Cryptocurrency and gamble and with I win can i be able to withdraw my winning through NGN?

Is it possible to happened and is there any gambling platform permits that?

It is actually possible to make a deposit in gambling site with cryptocurrency and withdraw through native NGN and it is also possible to make deposit in NGN and also withdraw in cryptocurrency though not all site allows that, I think I have come across a gambling site that does that but I can not actually remember the name, I think is 1xbet or... I don't really remember. However, in my opinion or to me I wouldn't even want to deposit with cryptocurrency and withdraw in native NGN because i prefer cryptocurrency after all you can still convert to your native NGN and the most important thing is that the value or the worth of it won't change.

Topic: Is this possible? (Read 1205 times)