Bitcoin Forum

I’m currently using Duelbits to make this happened in case I want to play in the casino using Bitcoin. I always deposit Doge or XRP to Duelbits from exchange for lesser fee then do a couple of safe bets just to satisfy the wagering requirements so that I can withdraw in Bitcoin and send to my casino. I’m doing this so that I can still play while holding Bitcoin when I feel bullrun is coming but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.

Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

If you want to hold bitcoin in time like this, convert your fiat to bitcoin and send it to a noncustodial wallet instead.

Know that any money you send to a casino can be lost to gambling, although you can win, but the probability of losing is high than winning. When thinking of gambling to double, triple your earning or more is not a good idea at all.

Gamble for fun.

Why are you holding Bitcoin in your gambling wallet in the first place? Use a non-custodial wallet for that. Especially in cases with crypto casinos, strictly put money for gambling only and not for anything else. It isn't out of place for casinos to lock accounts sometimes, after all, so using it as a wallet seems kind of dumb. It isn't exactly too late to convert the Bitcoin you have that rose due to the bullrun to some other currency you can use for gambling AFTER it happens.

Surely you just need to reduce your risk of losing everything by placing small wagers at games with a low multiplier.

You've not specified what the wagering requirements are but I don't think it should be too hard to find a low risk game to pay your transaction fee - but this might still be more expensive than just sending from the exchange if you're paying for two conversions.

There's a buy crypto feature above on duelbit site so why need to buy crypto using fiat on exchange? Maybe buy what you want directly there so that you will not worry about huge fees of bitcoin or get hassle with xrp and doge. Although I never used this feature but you can test out or maybe ask a guidance to their support on how you can execute this since provably this one could help you save up some fees.

I agree 100%!

Holding your Bitcoin on a third party wallet is never a good move, if avoidable. A third party wallet can be an exchange or even a casino. It really does not matter which platform it is on as long as its not in your own wallet, its not really YOUR Bitcoin. Not Your Keys, Not Your Coins.

Although having said that, I do suppose the risk goes way way down of anything happening to your coins in a third partys wallet if the third party is reputable and has proven itself to be very trustworthy through the years.

If you want to hold BTC, then keep it in your own wallet. If you send a doge to a casino to exchange bitcoins, I'm quite confused why you are doing this way? If you really want to hold, can't you just use the Fiat-BTC exchange and send your BTC to your wallet. Are you thinking about fees? Whereas in casinos generally every deposit requires TO before being able to withdraw money. If it is not controlled, of course, before reaching TO, the money may run out.

Well, try to use BK8, there is an options to withdraw BTC without fees, but maybe you will find a different rates from BK8 and exchange price. At least, you can get free trx fees from there. About deposit, only 3 options for crypto so far, with USDT, ETH and BTC. you can request withdrawal after 1x TO from your deposit.

Just buy Bitcoin to hold and have some coins to hold as well that you can play for, that's way more safe than you actually betting those bitcoins you're planning on holding. You don't have to mix the funds that was suppose to be for holding and playing, be mindful about that because if you mix these two you'll really end up playing it when you start on losing.

To be honest, I did not quite understand the meaning of your actions. Do you use cryptocurrencies with cheap deposit fees, then bet to win back the amount of fees, then you use a casino exchange to transfer funds to bitcoin and withdraw money to another casino? Did I understand everything correctly? In my opinion, this scheme looks unnecessarily complicated and unreliable. Firstly, your bets may turn out to be unsuccessful, and secondly, some risks may be realized at each stage of the execution of this algorithm, even at the final one - not your keys, not your bitcoins. I think it's better to pay fees and keep bitcoin in your own wallet.

Although duelbits is a big casino and already survive for 2 years, but I wouldn't use casino to hold most of my Bitcoin. I'd say casinos have more higher chance to collapse rather than centralized exchange because I've seen so many casinos get abandoned and hacked, it will become a dead casino.

Are you want to risk all of your funds just to save few dollars? it's similar like how many people want to stake their coins for few percent of interest and take a risk to lose all of their coins.

Indeed, OP, your action is not only complicated, but risky too. Holding a chunk of money on Casinos have multiple downsides, like getting restricted for abusing their TOS. Some Casinos have got complicated rules and it'll surprise you to know that if by some reasons whatsoever, you stop playing games on that casino for a certain period of time they'll ban your account and the funds will be history. As it'll be linked to their doormant account rule. Unlike wallets no matter how long, your money will be there always under your own control. Always play safe.

It's a bit odd that keeping bitcoins in a casino is as great as holding assets on an exchange, no different than having a third party control your assets except in those non-custodial wallets which are much more secure.

No matter how big a trusted casino is, it's still our asset, don't keep it in any casino, that's too risky, even though OP can control gambling addiction, for me, it's a rather strange thing for him to do.

Casino is a place to have fun if you want to play then make a deposit if you win then withdraw don't keep it in the casino for too long so it's better to keep your money safe in a wallet with your own private key even if you trust the casino but it's not a good thing to do there.

I know you already addressed the concerns of other members regarding holding BTC in a casino but can you clarify this part. I'm confused. You deposit Doge or XRP from an exchange to Duelbits and then withdraw as BTC after meeting the wagering requirement....only to send to your favorite casino? Maybe ask that casino to add an exchange-like feature also if that's the case.

I am yet another person who was not convinced by the OP.


Simply withdraw the funds to a HW and leave them there, or if you want to bet with Bitcoin, deposit and withdraw from there. Very complicated strategies like yours are usually not effective.


The worst is that you have no control over your bitcoins. In the casino you should deposit just enough to pass the time, to entertain yourself, unless you are a serious sports bettor or poker player looking to win in the long run, in which case you are better off managing a bankroll.

You may have missed this news in the forum even though it has been explained here as well

https://bitcointalk.org/index.php?topic=5421039.0

you should not save your money on any site whether it's an exchange or a casino site if you want to invest long term until the bull run comes, while you put it in a casino of course it will make your hand want to gamble there so that you lose in gambling, if you still save Your BTC should be transferred to a wallet instead of storing it in a casino or exchange site

If you are planning to hodl or keep cryptocurrency, it's never safe to keep it online. Non-custodial wallet is the safest since you are the holder of your own private key. What makes it worse is OP is keeping it in his casino wallet where you can freely use it in wagering any time. Instead of saving your BTC you are risking it in wagering in casino. Just imagine if you keep your crypto in a casino and if that casino goes bankrupt or chooses to run away. Even big exchanges get hacked, so keeping your money online is never safe.

If I understand correctly. You are asking for a cheaper alternative and less risk on how you will deposit Bitcoin to the casino right?

I don’t know what’s your current casino but the only alternative I can suggest you is using Betfury. Betfury supports Bitcoin(Bep20). You can withdraw directly your Bitcoin to there Bitcoin(Bep20) wallet address with just a minimal fee since it’s a BEP20 tokens while you can withdraw your Bitcoin in there on a blockchain wallet since they offer multiple chain withdrawal for Bitcoin. The only thing I’m not sure if you are willing to change casino just for this.  ;)

It's the safest way, after you do everything / buy crypto, for example Bitcoin on the exchange, then you transfer it to the casino, you are safe.

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As far as I can remember casino gambling sites can receive and send Bitcoin from casino A to casino B, if the two casinos have ever made a transfer because casino B's address is recorded at casino A and vice versa, still, such a method, if you do is not safe.

Reason: sometimes online casinos often change Bitcoin addresses without notifying their users.so if you don't check in detail whether casino B is still using the first address you registered or has been replaced with a new address, it's clear that your Bitcoin risk will disappear.

My advice: never send Bitcoin from casino A to casino B, it is high risk, use a wallet or an exchange, even if it costs more, you are safer doing it.

Saving money in your account is the same as taking a risk to use it because you will think that you still have money to continue playing other gambling games. I think you could keep your bitcoins in a non-custodial wallet and send those bitcoins to your gambling account and I think the transaction fees aren't that big either if that's what you're considering choosing Doge or XRP.

But if it is for holding, I suggest not keeping your bitcoins in a gambling account. Better to send it to a non custodial wallet and store it there.

Basically you are not doing any holding by using duelbits, because once you sent your altcoins to duelbits, your altcoin is converted into USD.
It means that you are holding fiat money, not bitcoin because once you try to withdraw, the coin you get will be based on how many usd you own in your account.
However if your main purpose it to avoid exchange withdrawal fee only, you should use your own wallet to do transactions or simply use altcoins with cheaper fee.

All you are doing are bad ideas, why are you expecting profit, you're playing in a casino, and expecting to win is not what will happen if you want to Hold Bitcoin don't use the casino to increase your Bitcoin, don't use the casino to Hold your Bitcoin, and always remember not your keys, not your coins, the last thing you will do is to store your wallet in a custodial wallet like casino

Holding Bitcoin and playing in a casino with money that you can afford to lose are two different things, you cannot connect Holding Bitcoin and playing in casinos.

your story is very difficult to understand, you say you always make deposits in dogecoin and XRP at the casino, how can you make a deposit in dogecoin and XRP and then withdraw in bitcoin? are you using the casino to exchange doge and XRP for bitcoin? and you say that you only play to be able to comply with withdrawal requirements, the casino can accuse you of money laundering and they will ban your account, because your conduct is not good, you must use exchange to exchange Doge and XRP for BTC and then you say do you exchange BTC at the casino and withdraw to another casino? I confess that I don't understand anything


you really want to lose everything, right? what you are doing with casinos can only make casinos think you are laundering money, what the hell are you doing? there are exchanges that are used to exchange coins and there are wallets that are used to store coins, the casinos are for playing, it is not a thing to store coins and do hodl, I hope you change and only use the casinos to play or you will lose everything when the casinos block your account because of what you are doing


just buy bitcoin on the exchange, scratch a good wallet or buy hardware wallet and then keep your bitcoins well and do hodl, separate money for games, because everything that goes to the casino should be considered as lost money. that's all you need to do. and of course do not forget to follow the security procedures for your bitcoins to be safe

There are...several threads out there where your "weird" question fits well.

Please!, you don't express yourself well, but from what I understand:
-Deposit Alts
-Swap-Bitcoin
-You withdraw to another casino.

Considerations you should have:
1.-TOC (Casino that you call Hodl)

• Casino withdrawal fee.
• Minimum withdrawal.
• % you pay to the exchange.

2.- TOC (Destination Casino)

• Minimum deposit where the money goes.
• Casino withdrawal fee.
• Minimum withdrawal.
• % you pay to the exchange.

And your idea is repeated, what is the problem with the process, I don't know, it's not complicated.

Now the results of doing that from a profit standpoint, there are so many variables involved that it takes your question off the Gambling board for example. If we remove the idea of the bets, because the fact that you name a casino and say that you made a deposit does not imply that it has to be a topic on this board, it is what I think.

I have to read your post several times to fully understand what you mean, but it is based on playing while holding Bitcoin, which to me is not applicable, you cannot play and expect to hold your winning in time for a bull run, it's not possible and cannotbe possible.

You're not playing to make money in the casino, when you play expect the possibility that you're money will be gone, that is why enjoyment is your priority over winning if you really want to Hold Bitcoin use the buy, hold and forget method, never entertain the idea of playing in the casino and try to win so you can hold.

This is a risky method, because you are always under risk of losing your entire balance before reaching the requirements demanded by the house in order to make a bitcoin withdrawal. After all and after doing this for a while, you will have spent much more money than if you had simply paid the exchanges' fees you are trying to avoid.

I think you could try looking for exchanges alternatives that don't charge too much fees. Usually smaller exchanges charge absurd fees on transactions, therefore they aren't recommended. Moreover, you could try transacting your bitcoins with less frequency, so you save on fees. Let's say if you reduce your transactions by the half (moving larger chunks of btc at once), you are going to pay 50% less fees.

I used to do the same thing back then and look for the altcoins that have the lowest withdrawal fee then convert it later on after I'm done playing. If I'm planning to avoid fees that sometimes go for $10-$20 what I alternatively do is use an instant exchange where I only need to send the coins to their address and they'll send the coins that I prefer to my address. Can you give an example or an average of how much you lose from this process? because tbh it still seems more efficient than using a casino's internal exchange knowing Duelbits have a low withdrawal fee than other casinos.

You can't avoid exchange withdrawal fees and you really need to comply with it. I think the best way is after you buy bitcoin on an exchange, transfer it to a non-custodial wallet so the next time you want to do gambling, you will only pay the network standard fees and it's cheaper.

How often do you gamble? If regularly, then try to make it to the point that you won't deposits by fraction to somehow save fees.

More importantly, if your goal is to really hold, it's risky if you will do it on a third-party platform regardless of how reputable it is.

Mostly people use to play casino using the usdt, only few like to do the casino using the bitcoin. Because by holding the bitcoin, they can earn huge from it. Deposit of reputed currency is easier one. If the casino accept the reputed currency, it also allow you to withdraw some reputed coin also. You have to check the website allow the withdraw of funds by admit of kyc or without submitting of kyc. It’s different from different website, some will allow us to withdraw without kyc.Most of the scam casino also had kyc free website, but you should find the real and scam one. It’s essential to do all the checks and balances before the involvement.

What you're doing is really insane...
Firstly, you shouldn't be keeping Bitcoin in casinos, only put money in casinos that you are going to use to gamble.
Second, use a self-custodial wallet to store bitcoins, as no one can lock them if only you have the secret wallet key.
Third, you're trying to avoid the fees, but you're probably spending a lot more on the losses you're having when trying to satisfy the Duelbits requirements to cash out, so... review the first two items and do the right things.

PS: Keep using Duelbits for your bets, even before I joined their subscription campaign I was already playing there, it's a very good casino and well recommended by many players.

Duelbit is a reputable firm and stuffing through their site, there was a buy crypto option on the page Andi had to take my time to go check this feature because I wanted to ask if there was no option of buying Bitcoin directly on the site.
If you want to hold Bitcoin fir the future, then you do so on a non-custodial wallet just as every other person might have stated this for you earlier and you shouldn't out your Bitcoin savings in a gambling site because no safety is guaranteed and there are high chances of you staking in the coins in a game and losing all your saves and that is why even most casino states it very clear that only money met gambling should be deposited in their wallet.

To me you're trying to have your cake and eat it, OP.

You want to hold bitcoin so that you still have it ready when the bull run comes, but you also want to spend bitcoin in a casino, so you convert into other coins and spend these coins thinking that losing an altcoin is better than losing btc? If you're not a holder and the entry point is you spending fiat to buy a coin, you're going to be in the same situation regardless what coin you use and play with. You're confusing yourself by switching between these coins, thinking that you're losing less this way or what?

If you have very limited funds that don't allow you to save up, invest and gamble at the same time just don't gamble, or gamble with very little money. Investing should always come before gambling.

I'm not sure why you'd want to do this to avoid fees really when there are wallets available out there that could do the trick for you. There's a saying here that goes: "not your keys, not your crypto" and this goes even for cryptocurrencies that are stored on sites and exchanges that harbor cryptocurrencies from their users for safekeeping. Ultimately, I would highly suggest using a physical wallet if you're too afraid of using soft wallets like MetaMask or the likes in fear of hack attacks. Duelbits is a reputable gambling site but they have all the capabilities to lock you out of your account and your money if they do so please, so take the advice that all of us are giving you and keep it in a safer place.

I didn't get the purpose of this. If you want to keep Bitcoin for the bull run, why do you have to move your coins a number of times? Or why do you even keep them in a casino wallet? I understand if you use Doge or XRP in depositing coins from an exchange to your casino. That's the cheaper choice. I am also doing that. But I don't know why you have to move them to another Casino just to switch to Bitcoin. If the purpose is to switch to Bitcoin, then you should have used the exchange itself where the coins are originally coming from.

By having some bitcoins in the casino, he can gamble using bitcoins instead of Dogecoins or XRP so he can have a chance to win some bitcoins.
But indeed, if he wants to keep bitcoins, he better keep them in another wallet and never leaves bitcoins in a gambling or exchange account because we cannot control our bitcoins completely.
Also, if he wants to save on transaction fees, he's done best by using Dogecoin or XRP so he won't incur more fees.
But maybe he had his own goals in doing so.

So the essence of your post is you are using altcoins to play on Duelbits so you can withdraw it on Bitcoin and send it to another casino, this is useless things will not go on your way when you are playing in casinos, yes it's good that you are playing in a good casino but never expect to win so you can sustain your plan, this is a casino, no guarantee of winning, if you're playing so you can win so you can trade it to Bitcoin for the coming bull run, then buy Bitcoin on exchange and store it in your wallet.

It's impossible to connect playing in a casino and accumulating Bitcoin when you won, you cannot accumulate Bitcoin through gambling, it's wishful thinking.

Seeing the success the OP has had commenting on his "system", I think he better lock the thread, otherwise he's going to get a million more comments telling him that what he's doing is not a good idea.Especially after the recent events that have even led us to have a visible message at the top of the forum about not leaving our money in online accounts, as piebeyb comments.


I believe it is simply an after-the-fact rationalization to justify his gambling habit.

This is your stupidity.  Why would you hold your bitcoins on a gambling site?  Always keep Bitcoin or other crypto in a hardware or non-custodial wallet, which will keep your crypto secure. But you can't keep bitcoins securely on gambling sites.  Because firstly it will encourage you to gamble and secondly when you deposit your bitcoins in a gambling site the complete control of it goes to them and you have no control over it.  So you have to remember that not your key not your bitcoin

That latter clarification part didn't really explain what you want, in fact it just made it way more confusing.
Because i still don't have a clue what part of any of this you need to be safer. And i see many confusing issues in the first post.
So let me start to take it a part one by one.

First of all, you are depositing altcoins that you bought from exchange, which i assume that's because of cheaper transaction fees. Correct?
If this is the part you want to make safer or simpler, you could buy your cryptos directly from the casino via visa/mastercard.

Yet you are playing with bitcoin? I am uncertain where did this bitcoin come from as exchanging from those altcoins to bitcoin does require other kind of licence then just gambling license.
I don't know any casino that's also an exchange, Therefore you can't exchange to bitcoin in casino.

But as you said something about losing money by "filling wagering requirements" that made me think that you could be talking about bitcoins that you get as a first deposit bonus or something?
Losing your funds in casino when playing wagering requirements isn't something you can control either. It's just issue of luck.

Then you sound like you understand what self custodial wallet is and you have one, but you choose to keep your money in casinos.
So which part you need to be safer here and from what?

You did not clarify that you are not a compulsive gambler and you are not accumulating to hold Bitcoin for the coming bull run, this thing is something new to me, I never store my coins in any casino when I deposit I play all of it and if there are excess on my balance I play the next day and eventually lose it if I won I also never store it for the purposes of using it to play, its always first in first out.
But you did mention that  Better abandon this idea, it won't work because you have no control on the outcome of your betting.

Compulsive gambler or not it is never a wise idea to keep your funds to a gambling wallet,I also don't understand saving fees because with a bc1 wallet you can pay really low amounts as fees which I don't consider them at all relevant.
If you keep your funds in a gambling platform than sooner or later you will start playing and the risk of losing them all will be paramount until you lose them all because you will open to check that platform daily,I know this from my personal habit so the best is to keep your funds in a wallet that you are in full control and better keep it in a PC or mobile that you use occasionally so it is more difficult for you to access those funds and send to the casino wallet.