Another case of plagiarism and this time this is a plagiarism from quora website and newbie seems to be plagiarizing referral codes as well.  Please ban newbie adi1396 for plagiarizing referral codes and posts from quora website. Copy : Currently there are 2 easy way of doing it.
1. Zebpay - One of the easiest way to cash out bitcoins in INR. Simply download the App and do the KYC. Send your Bitcoin to your bitcoin address at Zebpay and Sell whenever you are happy with the sell rate. Withdraw money to your bank account instantly. You could use Promo Code REF09507764 on the Sell to earn 100 Rs of free Bitcoin.
2. Koinex - the .in domain exchange is a new one but pretty good as well. Just do the KYC and transfer Bitcoin to your Balance Bitcoin address at Koinex. Withdraw the amount instantly.
I hope it helps!
Archive for future reference : http://archive.is/4ThSAOriginal : Currently there are 2 easy way of doing it.
#1 Zebpay - One of the easiest way to cash out bitcoins in INR. Simply download the App and do the KYC. Send your Bitcoin to your bitcoin address at Zebpay and Sell whenever you are happy with the sell rate. Withdraw money to your bank account instantly. You could use Promo Code REF09507764 on the Sell to earn 100 Rs of free Bitcoin.
#2 Koinex - the .in domain exchange is a new one but pretty good as well. Just do the KYC and transfer Bitcoin to your Balance Bitcoin address at Koinex. Withdraw the amount instantly.
I hope it helps!
EDIT :
Case #2 Please perma-ban newbie BBOD Official for plagiarizing quora posts in Trading Discussion board Copy : As the author of this post wisely said "Not your keys, Not your Bitcoin"
The biggest mistake besides sharing your private wallet address is to keep your cryptocurrency on exchange wallet.
As you may know in the whole history of crypto there were many hacker attacks on exchanges like Binance, Bitmex, etc. Unfortunately, most of them ended up losing money of his customers.
To Avoid this kind of events you have 2 options:
1. Keep your coins on your wallet, and send them to exchange only when you want to sell them
2. Find crypto exchange which simply does not possess your private wallet key. Even if the exchange got hacked or turned out to be a scam - you won't lose your money.
Don't wait! Join BBOD Community and become real Bbodian!
Archived for future reference : http://archive.is/UTw5MOriginal : The biggest mistake besides sharing your private wallet address is to keep your cryptocurrency on exchange wallet.
As you may know in whole history of crypto there was many hacker attack on exchanges like Binance, Bitmex etc. Unfortunatelly most of them ended up losing money of his customers.
To Avoid this kind of events you have 2 options:
1. Keep your coins on your wallet, and send them to exchange only when you want to sell them
2.Find crypto exchange which use "Non-custodial accounts". This is the best way of keeping your coins safe because they simply do not posses your private wallet key. Even if the exchange got haccked or turned our to be a scam - you won't lose your money.
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Hey JollyGood, welcome to Indian bitcointalk community! The answer might be a little long with almost discussing all the points I have read so far regarding the investments of foreign companies and the state of current Indian companies.
Flipkart was created on 2007 and was recently acquired by Walmart in a massive 2018 deal. Hence Flipkart can be considered as a more or less Indian company than calling it as a foreign company. On the other hand Amazon being a US based company is considered as a strong competitor and at times the major e-commerce platform of India. Amazon and Flipkart both has advantages and disadvantages associated with them. Let me speak about various fields comparing both the companies from a user perspective. - Flipkart is a company created by an Indian concentrating on the Indian market with primarily selling goods pertaining only to Indians. In terms of Goods Flipkart has a wide variety of goods and is no less than Amazon. Amazon on the other hand, eventhough being an US based, they are considered as far superior than Flipkart in terms of delivery, customer support etc.
- Even if Flipkart is being considered as an Indian company, they have a inferior support team and goods delivery when compared to Amazon. The exchange and cancellation of goods once after receiving them is far more easier in Amazon than in Flipkart.
- In terms of Marketplace and goods availability, both are never less to each other. Flipkart and Amazon has top notch goods varying to a wide range of products. We can never compare both of them as they are more or less very similar.
Product Delivery, Cost and Custom Badges :We are well aware about the " Amazon Fulfilled" badge and " Flipkart Advantage" badge. Both are similar in nature and we have " Flipkart First" which 1 day delivery and almost all the features which a prime user of Amazon can expect. It cost around 500 INR per year or approximately $7-8 per year. I have experienced product delivery issues with Flipkart prior and I am a Amazon customer (used Flipkart only once before) Customer Support :In a e-commerce business, customer support and satisfaction is the most important factor to be considered. Flipkart lacks in Customer Support and doesn't provide a support which is as good as Amazon. Again cancellation and returning of goods are easier in Amazon when comparing Flipkart.
Who are their main competitors?
I have never used Snapdeal and other e-commerce portals and can never comment on it. Rather I have heard queries that Snapdeal provides broken and damaged products for most of the time to its customers. I would never deal with Snapdeal as many had a bad scenario with this company's products. Apart from them, Indian e-commerce is a Null competitive industry as Amazon and Flipkart being the major key players. Where do the Ambani and TATA owned companies fit in to all this competition?
- Reliance (company owned by Mukesh Ambani) was created as an oil company. With the technological innovations coming into practice, they launched Reliance Telecommunication to have further profits in business and to establish the company in almost all the fields. They are preparing to provide seamless network through Blockchain technology by installing nodes in various countries as well.
- 10-20 days back we had a news that Ambani and Reliance group would step into the e-commerce field thereby emerging a platform similar to Amazon and Flipkart for $25 billion. They would prove as a firm competitor to most probably Flipkart and Amazon (but we should wait for them to emerge as a key player)
- TATA group owns TATA CLIQ, a e-commerce marketplace for buying of electronics and fashions. They are not really well known and can never be considered as a competitor for the e-commerce market. They were created in 2016, but until recently in 2019 I got to know about the platform.
What does the future hold for these giant companies in India during day to trading with the average consumer as well as for the larger business
Indian market is a key player in any multi national company's business due to the population here. I would say we are contributing to a global profitable economy but due to the bribery and corrupted system by politicians here, we aren't able to rise up as a developed country. India is a country with one of the smarter minds, but they are being ruined due to the corrupt political systems prevailing here. |
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Corrected what? You still haven't said what lot you're bidding on...
I have been watching alamjob239 for quite some time and all I can say is that they are confused for most of the time while posting. It's pretty common for someone who is literally new, but this user seems to be extending their actions for longer time period.
Being an avid fan of torrenting, movies and TV-Series collections myself, a doc based on bitcoin is quite exciting to have Lot 3: 0.001 BTC |
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Bitcoin reaching the $10000 within a month, year or two is highly possible but if each bitcoin rises upto a mammoth $100000 that would rise the total market cap of bitcoin to over $2.1 trillion. Gold on the other hand sums upto just over $7.5 trillion and the total cryptocurrency marketcap could hit a total of over $5+ trillion approx in 20 years. This kind of a future is highly possible only when there is widespread adoption of bitcoin in almost all the places of this world.
The 2017-2018 market rise was driven with fake hype and speculation and hardly any exciting news backing up the speculative investment. Bitcoin is meant to be used as a currency rather than considering them as a safe asset or a trading mechanism and the exact market prices are determined only based on the widespread usage.
Your second scenario of $1 million per bitcoin is highly impossible in less than 75-100 years and the current total market cap of physical currency in this world is around $36 trillion. If bitcoin were to reach $1 million, the bitcoin market cap would hit $21 trillion. This is highly possible in a dystopian era where we would be finding a way to reach the Oort Cloud in less than 150-200 years.
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I am not really sure if this newbie newbitcoin1 really know the meaning of plagiarism or not. All is that, I guess they should be permabanned for plagiarizing this topic : Forum ranks/positions/badges (What do those shiny coins under my name mean?)Please permaban newbie newbitcoin1 for plagiarizing one of the most famous and important topics of Meta board in the local board. Copy : Rank DescriptionBrand New: 0 posts, gets 1 gold coin under his name.
Newbie + Copper : (none), gets 1 gold coin under his name.
Jr. Member + Copper : Activity: 30, gets 1 gold coin under his name.
Member + Copper : Activity: 60, gets 2 gold coins under his name
Full Member + Copper : Activity: 120, gets 3 gold coins under his name
Sr. Member + Copper : Activity: 240, gets 4 gold coins under his name
Hero Member + Copper : Activity: 480, gets 5 gold coins under his name.
Legendary + Copper : Activity: the Legendary membergroup has no universal activity requirement.
You are guaranteed to become Legendary somewhere between 775 and 1030 activity,
but the exact point in this range at which you become Legendary is random per user.
Gets 5 gold coins under his name of which the last is half dark blue ******Sub-Rank
Donator: Manually applied by administration after 10 BTC donation, and gets 5 gold coins under his name
of which the last is half green. 5 coins are shown regardless of post count when user is a Donator
VIP: Manually applied by administration after 50 BTC donation, and gets 5 gold coins under his name
of which the last is half purple. 5 coins are shown regardless of post count when user is a VIP.Staff Rank
Staff: Shown when moderators (see next point) post outside of the sections that they moderate.
The tags under their usernames are dependent on their post group.
Moderator : Shown when moderators of specific sections post within those sections.
Gets 5 gold coins, of which the last is shown as half faded-out green
Global Moderator: Applied to Staff that have moderation privileges in all boards.
Gets 5 gold coins, of which the last is half teal colored.
Administrator : Has all available permissions and can appoint moderators and perform other administrative tasks.
Gets 5 gold coins, of which the last is shown half red regardless of post count
Founder: Reserved for Satoshi, gets 5 platinum coins under his name. ######## Merit & new rank requirements ########
Rank Required activity Required merit
Brand new : 0 0
Newbie : 1 0
Jr Member : 30 1
Member : 60 10
Full Membe : 120 100
Sr. Member : 240 250
Hero Member : 480 500
Legendary Random in the range 775-1030 1000
##### copper membership##### https://bitcointalk.org/index.php?topic=2385104.0
This was the thread started by thermos as regards copper membership and it contains tips and guidelines.
Copper - Allows you to post images even if you are a newbie, reduces the time-between-actions limit, and provides some of the same benefits as being of natural Member rank
Paid memberships link : https://bitcointalk.org/index.php?action=credit;promote Thank you Archived for future reference : http://archive.is/mdHxJOriginal : Not willing to quote the original post which is well known to everyone. : Re: Forum ranks/positions (What do those shiny coins under my name mean?)P.S @SpamBuster Club, a hardcore bounty hunter will be perma-banned soon!  @LoyceV and @iasenko, I guess there would be a ban evasion for reporting facebook and twitter bounties.  P.S Topic has been reported. |
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Along with adding links to the MORE menu, I think the HELP menu should be completely reconstructed and rewritten to understand about the regulations of this forum. If a newbie tend to read HELP, the information present there are outdated and more often reflect the SMF options instead of custom Bitcointalk options which should be changed initially. theymos and most probably other admins have changed the forum to more different than what it was initially present (like removing the 'Delete this account' option, changing of 'Username' options etc and implementing new features like Merit, Trust etc) for the welfare of forum members in general.
Hence the Help menu should be completely reconstructed with information about what a newbie can do, restrictions implemented on their account, signature stylings, PM and posting cooling time, information about merit, trust options and a lot more features currently present. Normally newbies aren't really aware of these stickies by arriving at Meta section of the forum and some won't really know that Meta deals with discussion of forum features and issues as well.
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It would be interesting to see why you think Bitcoin (or other cryptocurrencies) will surpass traditional methods of payment (Cards, Bank transfers, payment gateways etc.).
Bitcoin was created to have a decentralized version of fund transaction between one user to another user on the internet without having a middleman or a trusted financial institution. They are an alternative to Bank Transfers while Cards and Payment Gateways are still possible with bitcoin and we cannot categorize them as traditional methods of payment. The primary idea is to prevent banks and centralized financial institutions in playing a role in our transactions on the internet. As like people tend to use fiat money even after the introduction of Credit and Debit Cards and the same goes with bitcoin. Bitcoin will stay as well as fiat money would stay here. It is upto the marketplaces or stores to accept bitcoin or not. A common scenario favoring the usage of bitcoin is like : We tend to buy goods from market and pay using Debit or Credit Cards. What if there tends to be a problem with Card machine and there is a withdrawal from your account and there is no sign of deposit to the merchant account? What if you didn't get your money back? I have experienced this and got back my money only after providing evidence in Bank the next day. With Bitcoin, all you need is just a transaction ID and with providing that, merchant would let you go with your purchased goods. Or if you think they have no future please share why.
We are in the initial stages of the development of something like a virtual currency and it would significantly take time to reach the goal of being used by merchants. People who would go with supporting the government and the plans they are undertaking, would always speak against bitcoin. They would never support the technology even if the technology tends to overtake the current banking system. Speed: BTC is known to be slow to confirm a single transaction (approx 10 mins). ETH is faster (approx 15 seconds). I believe (correct me if i'm wrong) that if you cut down block times it slowly starts to make a decentralised system more centralised.
10 years into the technology and are we in need of rapid developments? Not many are still really aware of bitcoin and if many become aware, we would see a rise in developer count and significant developments would take place. Aren't we aware of Lightning Network and other scalability options? We can always have a hard fork and increase the scalability, but with the community support and through a soft fork or off-chain payments, I don't think we would face scalability issues in future. |
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So this message is from abra ?
Yes I have copied the contents of the mail which I received. They are indeed saying the truth and they most probably don't have the private keys associated with your BSV wallet. So bittrex is your only option to recover the funds. They told me not recoverable
Check this It's unlikely these funds will be recoverable but our engineering team is looking into this for you. Once we have an update we'll be sure to reach back out.
Once we have an update from our engineering team, we'll be sure to reach back out.
They are just trying it out and they aren't really sure if the funds are recoverable. P.S @Macmacmac0020 Please pay attention before sending funds again to addresses and use a open source wallet like Electrum (for PC) and Mycelium (for Mobile) to store your funds in future instead of wallets like Abra, Blockchain.info and other web wallets. |
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I guess the solution is halfway through. I just received a mail from Abra support team stating that the BSV wallet is being controlled by Bittrexx and here is a copy of the same. As you accidentally sent BTC to a BSV, our team is investigating.
Currently, all altcoin (including BSV) is handled by Bittrex. When you deposit BSV into your Abra wallet, this is handled by Bittrex and reflects in your wallet.
Although you attempted to send to deposit BTC to your Abra wallet, you did not send it to your BTC address. You instead sent BTC to a BSV address and Abra does not natively support BSV. Abra only natively supports BTC, LTC, BCH and ETH.
Please be sure to only send funds to the corresponding address in order to prevent this from happening in the future.
It's unlikely these funds will be recoverable but our engineering team is looking into this for you. Once we have an update we'll be sure to reach back out.
Once we have an update from our engineering team, we'll be sure to reach back out.
@mocacinno Here is the further evidence to backup what the Abra team said were right At this time, Abra only natively supports withdrawing to Bitcoin (BTC), Litecoin (LTC), and Bitcoin cash (BCH), Ethereum (ETH) addresses from the app. Meaning if you withdraw these cryptocurrencies you will incur a network fee from their network.
...snip...
Anytime a withdraw is done for an altcoin you will be charged a bitcoin network fee plus a Bittrex withdraw fee. As we do not natively support our altcoins at this time, they are still synthetic within the Abra app. When a withdraw is initiated for an altcoin the underlying currency is still bitcoin, thus you will be charged the bitcoin network fee. In the background, Abra is using Bittrex to exchange BTC for the altcoin you are withdrawing. Bittrex charges a withdrawal fee. Due to this, the Bittrex fee is passed to you the user.
...snip...
P.S @Macmacmac0020 ask the Abra Support Team for help and speak with Bittrex as mocacinno said since you have approximately sent $3500. Meanwhile I will just wait for the confirmation from Abra Engineering Team and see to that if it is of some help to you. |
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Recently after reading a news today in a news portal, I got to know about this. Probably not a necrobump, but I would like this topic to have a good going discussion with various members discussing their thoughts about this.
I'm just not sure why the companies are still operating even though they are being fined a hefty amount.
They should be having a profit which might be higher than the fine charges actually. Most of the gamblers tend to lose a large sum of money and the casino site might have adequate money to run the site as well as pay for the charges actually. Another interesting fact is that Holland Casino might play a game in the form of authoritative power. Holland casino being the official casino of Netherlands stands against the gambling addiction and there are facts that they don't allow the gamblers to lose higher than a certain extent. Either the casinos should have looted the gamblers additionally apart from the licensing practices. So the trend in the future would still be fiat or people going to crypto gambling?
Eventhough cryptocurrencies are not really traceable and can be used without being detected, casinos should probably get a license. Casinos with license will always tend to attract reputation and players in a large scale. At the start of 2018, I was a part of ICO where the company would be using their own coin for the gambling platform and in order to gain the reputation the company bought the license in a particular country as soon as the ICO was over. |
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As DaveF and Artemis3 pointed out, sending payments in a batch to many bitcoin addresses has been made simple over the various updates which are being provided to Core and Electrum. Any advice on how to do this on mobile devices as well, would be greatly appreciated. Do you think that it's be possible to do something like this? Thanks in advance. I guess OP is well aware with paytomany feature, but seems to be asking for a solution to do this on mobile devices actually. Abiky, I am not really sure about other wallets but I quite frequently use Mycelium and all I would say is that I don't think there is a feature to do the paytomany addresses through a mobile app as far as I know. But I have seen a feature request for the same in mycelium github page being denied. If there is already a feature for paytomany in a mobile wallet, it would be pretty much cumbersome to paste those multiple addresses and send correct payments to each address. |
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...snip...
India as a country has a really bad corrupted system filled with bribes and scams. For most of the time government officials tend to receive bribes and would probably work in favor of scammers as well. This was the case with bitcoin and other cryptocurrencies. If a scammer tends to steal bitcoin from a legit citizen, the government and police would turn the case in favor of the guilty and would probably support them. On top of that the government is trying to develop virtual currencies backed by major Indian companies and probably the removal of these restrictions might reflect that as well. Apart from that the implementation of this restrictions on banks right back in April 2018 was to destroy the bitcoin market and to prevent banking from dealing with bitcoin. These adverse situations arises probably due to the lack of education which the government officials have on the technology. |
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Read my post above to have an idea of the current situation and past situation of bitcoin usage in India. One of the biggest hurdles for Indians to get to know about Bitcoin is the legal status of it in India. i think This should be clearly mentioned with proper proofs and hopefully pinned too.Because otherwise it opens up for a lot of confusion and speculation.
Legal status is required only when you need to transfer INR to BTC or vice versa. Other than that people wouldn't really have a hurdle in using bitcoin as a means of payment or trading with USDT in centralized exchanges like Binance. WazirX has joined with Binance for the INR trading pairs along with the inclusion of KYC procedures and I don't think this will be a favorable move towards the Indian cryptocurrency situations. As of now, Indian scammers have left the forum and bitcoin as a whole and there are hardly any interest among the fellow citizens towards bitcoin or other alts. This shows that many right from 2016 are driven with fake ponzi agendas promoted by ICO coins and pump and dump shitcoins. Most of the Indians are really in need of free money and they would blindly invest in any get rich quick schemes. Read my topic : Bitcoin Resources - Consolidate List (India Specific) v2.O about what you can do with your bitcoin and how well you can help the bitcoin community. I guess the topic is necessary now due to the removal of restrictions related to Bitcoin by the Indian government. |
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Or wait for @Heisenberg_Hunter's test if he can guess the correct path as he had successfully reproduced your issue.
I don't think its possible to extract the exact address after trying out various derivation paths from reddit topics and stack exchange replies. I guess they are changing the unique paths for a set of wallets they handle. I mailed them requesting for the unique custom derivation path to restore my $0.1 We should probably wait until then. If I am able to get back mine, OP should try that derivation path as well. If that didn't work, we should try another way to help OP. Either way, I think the support team won't be helpful since they don't really know how wallets and private keys work. You should have written down or recorded the recovery phrase from the very beginning. Without that, your funds are pretty much gone.
Passphrases are accessible through the Abra wallet. Even if we don't have the passphrase, that can be recovered later. Menu -> Wallet Security -> View recovery phrase -> Show my phrase nowCan use electrumsv?
I am literally hesitant to recommend a scam wallet for a scam coin. But still you need the derivation paths to find the exact private key which has your bsv address. |
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BTCumping for ideas! With recent regulation practices (Crypto-RBI case) and with the legality of cryptocurrency and bitcoin in general reaching a limelight here in India, I guess there would be a huge influx of good quality posters, spammers and scammers here in the Indian board in a few months.
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Though I am a newbie gambler, I would prefer to go with a Betting Exchange instead of using a Sportsbook for the reasons you have mentioned above with the primary reason being that, the exchanges are faster and have higher odds than sportsbook! Both the gamblers who are betting for and against a team or person would have a mutual agreement between the two and if either of them win the other guy lose with just a meager amount of profit going to the betting exchange.
Crypto gambling offers a wide range of merits over fiat gambling such as the transaction speeds, taxation, local regulations etc Taxation and transaction speeds pose a major problem to fiat gamblers which can be eradicated completely using a bitcoin gambling casino. I believe Sportsbet.io is one among the popular and trusted betting sites which accepts bitcoin. Either way I have never tried using sportsbet, but they have a reputation among gamblers.
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Topics like these does bring out some memories 2 years back  I never got to know anything from my friends and all were just self taught. I first got to know about bitcoin in 2016 and never read a lot about the same until before December 2017. I just read about bitcoin in general from wikipedia somewhere around December 24, 2017 and for the second time on Christmas, when I thought of reading about bitcoin I saw a medium article which described about bitcointalk and how this forum played a role in satoshi's last messages. The forum never made a great impact on me for the first time. On New Year 2018, I received $2 worth of BTC for buying a new mobile from a local shop! To understand about the best wallets to store my btc, I created an account here on January 2 and certainly created a topic in my local board asking about the best wallet in the market to store my $2 btc. This is how I got to know about bitcointalk!  P.S The topic had a short span of life and was removed by MOD on Day 2  |
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Did you eventually recover the funds?
I have been trying to figure this out for over an hour, but still something doesn't seem to be right with the shitty Abra wallet. The foremost problem was with the KYC shits like knowing of names, email addresses and mobile numbers. Got passed through them by giving away fake numbers and stuffs but then as nc50lc pointed out, the custom derivation paths seems to be a major bullshit associated with Abra. So thought of recreating the exact scenario like OP (sending btc to abra controlled bsv address) and all is that I lost $0.1 worth of btc in the progress [1]Started with bypassing all the abra wallet kyc shits (like name and mobile numbers) [2]Noted down the 12 word passphrase [3]Sent $0.1 worth of bitcoin to BSV address displayed in the app [4]Transaction had 1 confirmation in blockchain [5]Created a new wallet in electrum, entered the seeds and tried out multiple combination of derivation paths (maybe more than 10) [6]Generated over 20,000 addresses for each derivation paths using iancoleman's BIP39 tool [6]None of them had a bsv wallet address (out of 200000 addresses) and finally lost the $0.1 worth of BTC I am not really sure if the support team would respond back with a exact derivation path and another point is that they should never advertise their wallet like a 'non-custodial wallet' provided they have certain control on the wallet in the form of custom derivation paths!
Helping out in answering some queries to get going with the recovery If the 13-word seed is BIP39.
Yes, derived twice and checked. They initially had 13 words but the first word is always 'at' which should be removed while entering the seed in Electrum. Abra wallet's seed phrase isn't compatible with Electrum. I have tried creating a seed and import it into Electrum. Doesn't work.
They are indeed compatible. Remove the first word 'at' from the 13 word phrase and enter the remaining 12 words There's no option to get private key of addresses as well.
If the support does respond with a custom derivation path, that should be the only way for recovery. But all is that they have a poor customer support which doesn't really know what we speak! Shady, controlling funds with derivation paths, shitty customer support, (I would never recommend OP to store his funds in future with this wallet) |
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Look brother it is our job to tell them what this thing is, whether to invest or not to do their will
That's quite true. But, almost all these ICO shits have ended up in scams with newbie investors losing all their money. If you are willing to teach them about these scam altcoins or ICO alts, the fellow students would be attracted towards the token's get rich quick strategy and unrealistic schemes. Blockchain is really bigger than these ICO scam tokens and we should educate newbies about these as well. If you are still willing to educate newbies about ICOs and IEOs in general, you should probably showcase these pump and dump shitcoins in a bad light and never encourage them in getting into these. You people have a really good idea and thought but these shouldn't end up in a wrong way of educating these newbies about shitcoins. |
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But how is this different from wallets like Mycelium or Electrum? We import private keys in these type of wallets too. I think as far as gambling site is taking input in front end then it is safe although I am not expert in this matter.
You should have a basic understanding on the difference between web wallets (hot wallets) and software wallets like Electrum, Bitcoin Core, Mycelium, Bread and other trusted wallets. Desktop/mobile wallets offer full control over your coins and your keys are never stored anywhere apart from the devices. If you have your devices offline, your keys never leave your device and can be used to hold large sums of money. Whereas on the other hand, web wallets like blockchain.info, greenaddress stores your private keys online and these keys were generated online. Your private keys are exposed and you have a higher risk of losing your money if you are connected with web wallets. You are not the only one who has control of your keys and they are online always. Most of the gambling sites use cold wallets similar to a cryptocurrency exchange and when you transfer your coins to the gambling site address they move to the cold wallet and balances are updated in front end database. Gambling sites doesn't create a separate wallet for each user AFAIK and they depend on a particular hot wallet where they receive funds and they are transferred to cold wallets once they receive them.
Gambling industry is highly regulated, but some alt based gambling sites which run on TRON and EOS blockchain do provide a solution for decentralized gambling casinos. I don't recommend gambling sites which I have never used (since you might have a risk of losing money) but I would rather advice you to stick onto famous and trusted gambling casinos like PlayBetr, FortuneJack, MintDice, CryptoGames and Bustadice instead of risking your private keys and money with a untrustworthy casino. |
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