Bitcoin Forum

It is still under development. I am wondering how most of the sites out there handle payments. Do they use a specific api?

What I want is for there to be a hot wallet for instant deposits and withdraws and any amount over say 10 btc goes into cold storage. Any help would be appreciated thanks.

(If this is in the wrong section please move it to the right place thanks)

You use Bitcoin core for the hot wallet using the rpc commands of bitcoin-cli and then an address generated by you as cold wallet. All you have to do is send funds from the hot wallet to your cold wallet.

I am also a web developer but don't have much experience while handling bitcoin payment. If you fear of making some mistakes why you don't use bitpay. Even some of the topup sites are using them. The second option is of using moneypot which is provably the only one bitcoin gambling wallet. Try their readymade api to handle bitcoin payments. Good luck for your game.

does this allow users to deposit and withdraw on their own? Is it possible to set up a system where withdraws over 1 btc would be manually processed? Thanks for the help.

bitpay states in their tos that they dont work with gambling sites. Thank you for the idea though! I'm not sure how to work with money pot exactly and I think that I would prefer to run my own operation instead of being under them, but I will look into it. The game idea I have will be really fun!

What is your idea concept?
Is it something new? Is it multiplayer game?

Yes and yes. But that doesn't have to do with bitcoin just with the language where you are programming it <0.99999999 sendtoaddress, >=1.00000000 manually confirm.

Also all the casinos that puts problems when withdrawing are scams, every withdraw should be automatic, if you put a delay on them people won't play there because there are better alternatives.

Good to hear you have an idea for a game, i did open the thread to see the idea  ;D

If you are making a skill p2p gambling game that would be appreciated.

I expect good news from you man, when you realized your project I wanna be one of your testers. ::)

It is something new but based on something that most people will know how to play. It is easy to learn but there is a high skill ceiling. So yes, it is a skill based multiplayer p2p game. I am being ambiguous because the game and site is still in development. I want it to be the go to place to try and win some btc by out playing the opponents. Instant deposits and withdraws under 1 or 2 btc. Pretty much a platform that players will enjoy playing and winning btc on.

Really, instant deposits? That is a bad idea. Why do you think all the sites require to wait for one confirmation?

A bitcoin transaction sent, can be reversed before one confirmation, if I send it again using my node with a higher fee to my own wallet you won't receive anything as the higher fee transaction will get confirmed. Then I cashout from your site and I dry your wallet money. That is why all the sites require 1 confirmation because it is not safe to accept 0 confirmations. Many sites has been attacked using these method in the past.

Also, I think not allowing to withdraw more than 1 btc is bad, all the casinos provide right now automatic withdraws for any amount if the hot wallet has funds. So putting a limit will make many people to not play there. If I go to primedice and I deposit 10 btc and I withdraw 11 btc, I don't want to wait 10 hours until you wake up to proccess my withdrawal.

Well instant deposit and you cant withdraw until it has a confirmation so you can start playing immediately. There has to be some limit on withdraws because it will protect against people hacking the hot wallet, something that just happened to bitpay.

I also always wondered about it
how they can share bitcoin they gathered with difficulty? are there any advantages behind it? I hope I can find the answer here

If you are looking for an API 3rd party instead of using bitcoind with RPC I personally have been enjoying block.io API. It's pretty easy to use and it has been more reliable than blockchain.info.  Also if people are hacking your hot wallet, you should really consider patching up the security and limit the withdrawal amounts. You could do it with a if/then statement like  if($cashoutAmount > 200000000){ //insert into DB for pending cashouts }   that's for 2 bitcoins since you should be working in integers(satoshis), not floats, when handling bitcoin payments/transactions on your site.

There are many sites with instant deposits. Quite a few. They just don't allow withdrawals until you've hit 2 or more confirmations. I like this guy's idea. Looking forward to seeing it live!

Perfect, I wager the coin, I win I don't cancel the transaction, I lose I sent it back to my wallet with a higher fee. Bitpay wasn't hacked have you read the story?

seems interesting I'm really anxious to play a skill based game for bitcoin. i think this is market has a lot of potential. keep us posted.

I will. The development is just getting underway but I will keep updating as they happen.