Bitcoin Forum

Are there any sportsbooks that allow you to deposit ETH or Litecoin and withdraw in bitcoin?

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.

Not only sportsbooks but as far as I know none casino/dice will allow you it in reality. It will make doubts that you launder money and possibly won't let you to withdraw funds, your account will be blocked and they'll ask you to provide KYC documents (Know Your Customer) which includes ID scans and a lot. Also they aren't exchangers and their exchange fee will be much higher than others.

hmmm as I know you can deposit some alts to Betcoin and they will convert them to chips depending on the trading price , so you can deposit altcoins and they will credit your balance as btc then you can withdraw whatever coin they have after that

That's also the only sports book that can give what OP is looking for.

You can rumble also those deposits or vice versa in there but it's a red flag for me so I don't use them.

Their thread --> https://bitcointalk.org/index.php?topic=1616139.0 is still active but I see only them posting there.

How many of these gambling sites promoting bitcoin are actually filing their KYC b.s! Its a excuse to give the customer the run around and build a issue where there should not be one. Most pretend or do operate in Countries outside the grasp for the most part.

Shady or not it would be a nice feature for a book to have to eliminate more fees. I also like having less jumps in my funds getting to my hand.

Betcoin is a no go for me as well. They did some funny stuff with withdrawals a few to many times for my liking. Did think of them when I typed but they can back you up at least 12 hours sometimes with a request of payment.

Thanks.

Fairlay (https://fairlay.com/) lets you deposit altcoins and withdraw in Bitcoin. They have an exchange but afaik they won't allow you to withdraw alts. One thing that is annoying with fairlay is they'll lock a portion of your funds, if you win a bet the total amount will be on hold for 24 hours.

No, there is not sportsbook that allows that, or in fact any type of casino. You always only withdraw what you have deposited. Unless it has an exchange function, in which case, this is simply an exchange within a casino. On 999dice there are several bots that exchange currency, between Bitcoin and 5 alts. But what I'm curious to know is, why would you want to do that?

Impossible not to have any withdraw/convert fees, otherwise people would be flooding to that sportsbook just to take advantage of arbitrage in exchange trading.

I will add here BitcoinRush as a future possible sportsbook that allows this. This is because it will soon be fully integrated with MoneyPot exchange Nessie... I believe the idea is that any coin listed on Nessie will be useable in their casinos and sportsbooks. Presumably, you'd be able to deposit any coin, gamble, exchange and withdraw Bitcoin.

CGN supports 9/10 coins and can be exchanged instantly for Bitcoin to withdraw, though that's not a sportsbook.

i would think this would also be very risky for the site owners as they would end up fighting with the exchange rate and would not be profitable

Just use bitcoin, the fees right now are extremely low.  I sent a transaction yesterday with only a 2 cent fee and it was confirmed very quickly.  Now imagine if Lightning gets implemented, we can use btc for everything instead of alts since we won't have to worry about high fees.

You can deposit ETH or Litecoin, then transfer to your altcoin wallet and then change to Bitcoin through various changers. For example, through instant exchanges - https://changelly.com/ or https://www.shapeshift.io/. 

I'm curious to know, why you want to do that while it is so simple to convert your eth/ltc or other alts to bitcoin and you will be able to deposit with bitcoin. Even if there is sportsbook or a gambling site lets you to do it, I guess the exchange rate will be under the global rate which means that you may get less amount.

I don't know about sportsbook. There are a couple of casinos which offers conversion of alt coins to Bitcoin and vice versa. Duckdice has this option where you can convert your coins to available alt coins or Bitcoin. Moreover Stake.com has ShapeShift integrated to their website where you could get Bitcoin for altcoins.

He already said up:

Trying to figure out if any sites offer that with out having to withdraw/convert or trade,drawing fees in the process.

which basically he do tried to avoid fees on such conversions which I don't think up such one to have that feature because anything that do need conversions will definitely have fees involved.

If with out having to withdraw/convert or trade,drawing fees in the process, the website can kosses due to exchange rate

Somehow OP are trying to bet with eth and ltc but instead of losing much then he will try to convert it to altcoin or bitcoin for make sure it is acceptable every where. Or this is what I thought, money laundry is the best answer to cover everything

If it possible for OP, may be you need to try to play not with sportbook but casino games, may be you will find the best option there, you can do shapeshifting too while you are betting. But to have directly change without using shapeshifting then you are not allowed on every single site

you can do it at fairlay as far as I know
but if you want to simply convert your coins you can try any of the gambling sites that have inbuilt exchanges
Bitsler has one,but you need to level up before you can use it,yolodice has one and duckdice has one as well
if you want to save on the fees,the lowest withdrawl fees are at yolodice,but they take % for the exchange
the best exchange rate i found was at bitsler and only 20k satoshi to withdraw bitcoins to your wallet

You can do this but at one purpose? I mean the process takes up time and money, how would anyone offer that service to you and not make any losses? If you want to keep going with this that means you want to save up on the fees and put that burden on the gambling websites.

I am sorry but that would never happen because they are a business at first and the first job of a business is to make profits and they will not be making profits if they kept losing money on fees.

If you wanna do that try yolodice, i haven't really heard any sort of kyc bullshit that they ask for but the main issue is you can't covert huge amount of funds as the bankroll for exchange isn't high enough

I think we need more sites for altcoins as well to mix coins, i have used chipmixer and feel that something like it is surely possible in altcoins as well

I never saw a sportsbook that allow you to deposit alts and withdraw in bitcoin and almost all sportsbook is only accepting bitcoin as the main currency. I don't know about the casino, maybe you can find a casino that allow that because casino usually accept eth too.

If you really want to convert your bitcoins into altcoins then you should go to an exchange and the task is very simple,don't make it too complicated by looking an exchange at the gambling site.Because I saw some sites allowing but with higher trading fee with appropriate documents,but there is no need to do that.

Whatever in involved in gambling thing, you must be ignoring that at every level. I am big fan of bitcoin and crypto but still if this crypto is helpful to you for making some loss for you in gambling, I wouldn’t be in this favor. Although my opinion doesn’t matter for you but your living have an impact on mine too. Somehow you would be disturbing the whole society.

You can do that at betcoin.ag, you can deposit bitcoin, ethereum, or some other coins, they accept couple of them and you can withdraw in any coin, doesn`t matter from your deposit. But everyone knows how shady betcoin.ag is, they had a lot of problems with reputation here on forum, many people complained on their services, so I don`t know how smart can be for anyone to gamble there, maybe it`s better to choose nitorogen as very reputable sports book and casino. There is one more thing, you can deposit which ever coin you wish, you will get chips, it`s vice versa you can withdraw that chips with couple different coins, but that means that you let casino to exchange it for you and they different prices from exchanges, don`t regret later when you see that you could do the same thing by yourself and have some extra money from that, casinos have their prices and fees how they exchange those coins, good luck!

Im pretty sure i deposit with Doge for a while ago at mbitcasino and withdraw in BTC, not 100% sure, but i will check my history.

I don't think that such thing exists, because it could lead to people using it for the wrong purposes like money laundering, and even if they do exist than probably they will require you to deposit identification documents which is always a pain in the ass, and also even if they let you deposit altcoins and withdraw them with bitcoin, they will only let you do so if you spend some of what you deposit on their site.

Just have a look at the new crypto casinos, im sure you will find some

That's it, no one would try in this anonimity playing gambling in return you can withdraw it with the same altcoin you've use to play and convert it to bitcoin with an exchange or some wallets that supports it. Before you play make sure you want that altcoin to use and you can exchange it fastly in bitcoin in other exchanges.

you can do it if you believe in bitcoin prices, but you do not have to worry and regret if your coins have been sold because bitcoin will be more potential to rise and will peak in december end of 2018.

Is there gambling site where we can do deposit altcoins and withdraw in bitcoin when we won the jackpot or anything bro? If yes please share the such kind of gambling site to here or to me via pm.

Some time I use to go with the sports betting on Nitrogensports but there I do not find such kind of option to withdraw the fund on bitcoin when go with eth. Actually it is no there. Your share will much useful for someone else.

Well as i said if you are looking for a dice site there is yolodice and crypto games, there is no sportsbook which allow such an feature till now, i mean if you really want to exchange anonymously why don't you try to use something like shapeshift or changelly both have had a good record.
The only problem with crypto games is the fees is really high but for yolodice there is a 1% fee

Shapeshift has really high fee and low price when comparing the exchange prices so more people don't want that.But I think these kind of feature will leads to illegal activities so it is better to remove these kind of things from the site if it is already available.

Well if you advice this to someone who is intending to work for his betterment and happiness then I think that would be so best. But here, this is just a hell advice you are giving to this brother. He is willing to drown his boat and you are trying to make it perfectly that he must not be living a happy life ahead. Why you people don’t understand the reality of this game?

Do not waste your time, there are some casinos offering you that but if what you want is to get bitcoin at the end, then go to an exchange first and get bitcoin for your litecoin or ethereum and then gamble with bitcoin so you can withdraw bitcoin, the problem with what you are asking is that at first it seems suspicious that someone will want to do that in the first place, someone doing that seems to me as if he is trying to wash his coins so you will probably have to go through KYC, and second unless the casino has a lot of funds they are risking running out of bitcoin or alts if people began abusing that feature.

I am not sure if the question is intended to look correct or shady at all. I mean if you really want to know there is none and there should be none but also why would you ask that.

Is it because you want to not hassle with exchanges or something ?
You can clearly change any coin to anything on your exchange as well, why would you expect to casinos to do that for you ?

If you wish to change your coins from eth or ltc to btc, just use exchanges and whatever you end up with use that to wager on sportsbooks. I have tried to covert my bitcoincash into bitcoin in bitsler but it is the features only available for higher level of gamblers and not for irregular gambler like myself.

If you're simply looking to bypass KYC and verifications, Binance is a good option (some have reported random verification, I haven't been hit yet), or an even better way is to simply go to a decentralized exchange like the Waves DEX. You'll definitely incur some fees, and it may take you some time to get the feel of the exchange, but in the end you avoid KYC and verification with a few fees.

Every service is going to cost you something. Nothing is completely free, but there are services with less fees than others.

I think right now, you have many option gambling sites that allow you to deposit ethereum, litecoin and then withdraw bitcoin but unfortunately, I don't know much for this. I don't use ethereum and litecoin or any expensive coin for deposit in the gambling site because I don't like to use that coins and it is better to use for trade.

Yes may be it is true but I think that still  I also have the same situation. I mostly play gambling for bitcoin which I found more easy an convenient, therefore I do not want to convert my bitcoin into any other altcoin, or any other altoin into bitcoin to play gambling with.