Bitcoin-instant credit??

[romero121]

I personally experienced instant credit of bitcoin with Stake gambling site. Once the transaction is made, even before the confirmation of the transaction wallet gets reflected with the deposited amount. Another thing, myself have experienced playing with the deposited amount even before the confirmation of the transaction.

[1715695113]

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[1715695113]

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[khaled0111]

like all the other's opinions it's risky because of double-spent I don't know why Sportsbet is allowing this, if you really want it fast Tron is the best choice, it's instant I only need to wait a minute and it's showing in my dashboard.

If the instant deposits system is implemented correctly then there are really no risks and abusers won't be able to double spend or cancel unconfirmed transactions.
As I explained above, casinos enforce some requirements and impose some restrictions to prevent any losses because of abuse.
For example, replace by fee transactions usually won't trigger the instant deposit because they can be easily replaced. Also, requiring high fees ensure the transaction will be confirmed within the next few blocks. Most casinos that support this feature will not let withdraw while one of your deposit transactions is still unconfirmed.
Many gamblers prefer to use bitcoin which is known for its long confirmation time, this is why such feature is definitely a plus.

[Ulven]

I guess the reason why most gambling sites don't add instant confirmation is to avoid double spending!! But there are casinos that support this feature with at least 1 confirmation such as sportsbet.
Perhaps if there is a huge demand for this feature, casinos can support the Lightning Network while depositing.

[fiulpro]

Hi !

Most of the Gambling websites that I used did not have such option since they were not Integrated with the lightning network but there are sites like:

Roobet.com : now they will let you choose the transaction fee which means you can pay higher fee and at the same time they also confirmed the balance after one confirmation

I use Blackjack.fun as well very frequently to withdraw funds and it might not be instant but at the same time it's faster than most transactions and the fee is not that high.

Beware of the sites asking for extreme fee for transactions as well and look for the ones which allow you to choose your transaction fee as well. Lighting network might not be an instant hit since normal transactions are more secure and safe.

[Gozie51]

I guess the reason why most gambling sites don't add instant confirmation is to avoid double spending!! But there are casinos that support this feature with at least 1 confirmation such as sportsbet.

And I think some send email code to activate on the site. This is also good to be sure of confirmation of transaction. All of these is for security  I think this is being more conscious and protecting users rather than instant confirmation to avoid mistakes. Sending transaction confirmation immediately may be risky to users.

[Accardo]

I want to know how platforms that allow such feature that Op is asking for secure themselves from players that will cancel the transaction before it gets confirmed. However, I'm a big fan of fast transaction but, I've never experienced such in the Bitcoin network and it helped me to acknowledge patience knowing that the Casino will fund my account when they get the required confirmations.

[judeafante]

I guess the reason why most gambling sites don't add instant confirmation is to avoid double spending!! But there are casinos that support this feature with at least 1 confirmation such as sportsbet.

And I think some send email code to activate on the site. This is also good to be sure of confirmation of transaction. All of these is for security  I think this is being more conscious and protecting users rather than instant confirmation to avoid mistakes. Sending transaction confirmation immediately may be risky to users.

Everything is all about security and smooth operation if a casino will implement instant and no confirmation it will be a subject of exploit and abuse some players will try to abuse this feature, at least one confirmation is sure to get everyone secured and players to be in good standing, hackers, and exploiters like to play on a casino that they can exploit, this feature will invite them.

[Wexnident]

Is this about confirmation on the blockchain? Cause I'm pretty sure that the wallet of casinos would always wait the confirmation in the transactions before crediting it to your account. It's not really a matter of "wanting to do it" or anything, it's just how crypto transactions work. The blockchain stands as the middle man for both sides so ofc both sides need to wait for it to confirm before the two sides are able to do anything else. At the very least, I'm pretty sure most would require at least one confirmation before creditting it.

[sunsilk]

That type of ruling is prone to double spending and that's why most casinos are requiring at least 1-3 confirmations before they credit the deposit of their players.

That's true most of the gambling site wait for at least 1 confirmation before they can credit it to your account. May I ask why do you ask for a Bitcoin instant credit? I think waiting for 5 mins was not bad at all but just make sure that you paid an average transaction fee and not the lowest since it will take hours or maybe day to get 1 confirmation.

I think no gambling site has that feature since it can be used against them to exploit their website.

There's that we like in instant confirmation and transactions.

If it's possible to apply that, they're going to have that deposits even with zero confirmation. There has been recommended gambling sites where he can try that.

And let him try it if he's liking that type of feature because it works good for him. But if the casino sees abuse with it, there's gonna be a change on that discourse.

[kaya11]

Almost all reputable gambling sites offer 0 confirmations for depositing Bitcoin as that mean you can start playing instantly but you have to wait for at least a few confirmations before withdrawing your money if it happens that you win big during this time.

I don't know if this the case as of now but that was the case before,I am not aware of any major change to such rule from reputable casinos.

Stake for example had this option for trusted players,the one with a history with them and not directly to any new created account,I believe the same rule is on place now but I am not sure about this.

I guess they are checking the account with big wins if they truly wins it legally or else they would investigate if it is somehow won by bugs and other mal functions of the system. Would it be fair to new users? It feels like discriminating them, not all trusted users are to be trusted, we know that because of we experience it first hand here.

[seoincorporation]

There is a problem with the instant credit on bitcoin and other altcoins. Users can abuse this with a double spend, the users can do some fast bets and if they win they can wait for the confirmation, and if they lose, they can make a double spend for a new address.

And that's why most of the crypto services always ask for 1 or more confirmations before you can use your balance.

[STT]

If it was an established account, a long term player then perhaps its more feasible but random unknown people new accounts especially who will try to win fast but flee if they lose is a path some will try if they can possibly get away with it.   I can see why people want the convenience factor to instant deposit, its a challenging question.   Gambling is fast money and BTC is a little too much of the tortoise vs the hare on this, I know many who dont want to switch to faster currencies especially the large amounts.   I used to buy bits of gold with zero confirm, I was literally given a bill of sale with my market price but also I had no way to withdraw instantly and it would have got me in alot of trouble if my deposit was bad as I was a known customer so thats probably the biggest difference here.

[ethereumhunter]

So far, I'm not concerned about how fast the deposit goes to our gambling account because I know it's always related to the network. But Bitcasino.io is a gambling site that provides credit even though the network has not confirmed your transaction. Usually, if I want to gamble, I will deposit some money into the gambling site and leave a few minutes to do something else and when I come back, the money is already in my account. I am not in a hurry to play gambling because I just want to enjoy playing some gambling games. Maybe besides Bitcasino.io, @OP can try at sportsbet.io or Livecasino.io.

[ralle14]

If the instant deposits system is implemented correctly then there are really no risks and abusers won't be able to double spend or cancel unconfirmed transactions.
As I explained above, casinos enforce some requirements and impose some restrictions to prevent any losses because of abuse.
For example, replace by fee transactions usually won't trigger the instant deposit because they can be easily replaced. Also, requiring high fees ensure the transaction will be confirmed within the next few blocks. Most casinos that support this feature will not let withdraw while one of your deposit transactions is still unconfirmed.
Many gamblers prefer to use bitcoin which is known for its long confirmation time, this is why such feature is definitely a plus.

I agree, on Sportsbet whenever you try to RBF your deposit, the updated balance stays the same but at the same time your account will get locked from betting as a way to prevent the issue if it does happen.

It's a bit inconvenient on the withdrawal side of things but it comes in handy when you want to place a sports bet that's starting within a couple of minutes. It would be a nice alternative if they recommend a certain fee (for example 10sat/b) for instant deposits.

[South Park]

Does anyone know which sites deposit bitcoin instantly or even litecoin without a confirmation I’m sure you have to wait to withdraw that’s fine but at least credit it instantly?

I think no casino would allow that. Given that bitcoin can be double spend, it is a risk to the casino that will instantly credit your bitcoin deposit. But we don't know, probably some casino out there is offering it, though I doubt it.
In most casino, your deposit need to have 1-3 confirmations before it will be credited to your casino wallet. I'm not sure with litecoin, but I guess it can also be double spent.

At least in my experience there is no casino that offers something like that, and the reasons are very obvious, the risk of double spend is high and if they offered something like this then someone could make a quick deposit and gamble really quickly in one of their games, and if they happen to lose then they will double spend their coins and avoid losing money this way, basically they could do this indefinitely and beat the casino that way, so with this in mind I doubt there are many casinos, if any, that offer something like this

[Oilacris]

I guess the reason why most gambling sites don't add instant confirmation is to avoid double spending!! But there are casinos that support this feature with at least 1 confirmation such as sportsbet.
Perhaps if there is a huge demand for this feature, casinos can support the Lightning Network while depositing.

Exactly!

This is the main reason on why they dont really offer that instant credit on account balances once someone do make out some deposit due to that double-spending issue.
Its been done on the past about instant deposits but later on people do know on whats the possible thing that they could get their funds back and able to play on the
site since you could actually done this stuff.Nowadays most platforms do mostly require specific confirmation before they would credit out.

[sovie]

Most casinos accept deposits after 1 confirmation. As explained, the idea is to avoid double-spending scam. The only solution to speed up the deposit is to simply increase the transaction fee. When it comes to withdrawals, it can be in various ways. It is best to choose casinos that have automatic withdrawals as this is usually very fast. Avoid manual withdrawals casinos, as the waiting time can be even up to several days.

[freedomgo]

Most casinos accept deposits after 1 confirmation. As explained, the idea is to avoid double-spending scam. The only solution to speed up the deposit is to simply increase the transaction fee. When it comes to withdrawals, it can be in various ways. It is best to choose casinos that have automatic withdrawals as this is usually very fast. Avoid manual withdrawals casinos, as the waiting time can be even up to several days.

Most of the casinos now have install withdrawal as long as you don't exceed the maximum, and some do not even charge a transaction fee which is a good feature of a site that gamblers would fall in love with. Before the no confirmation deposit exist, but now that casinos learned their lessons, it's not anymore practice.

[qwertyup23]

Most of the gambling site offers an instant withdrawal if that's what you are looking for. However, it isn't possible to have an on-chain transaction without any confirmation as it will defeat the purpose of having a secured transaction that's happening on the blockchain.

Withdrawal Fees and Withdrawal Amounts on Crypto Casinos - This is a rundown of casinos regarding their min. withrawal/ fees.

Did I answered your question?

This pretty sums-up everything that you need to ask about confirmations and instant withdrawals.

If you do not understand the mechanism, there is a POW (proof-of-work) present in the blockchain which checks all the blocks if the correct address has been sent. That is where the miners fee comes from- they check these blocks to have a impenetrable defense which invalidates all possible hacks or scams in the transaction. While there may be gambling websites that offer instant withdrawals, you still have to wait a relatively small amount of time in order to receive your funds.

[RapTarX]

I can't remember any site or service to credit a transaction without any confirmation. Most casinos probably ask for at least 1 confirmation before crediting the balance on your account. I guess you won't get so many casinos with such requirement as this is somewhat risky as transaction can be spent twice from the same input.
Nevertheless, if you are looking for faster deposit, why don't you give Lighting Network a try? I guess that would be the best fit for you as both deposit & transaction would be almost instant. Don't know if any of the forum member have a list of gambling sites allowing Lighting Network; I will check and create one soon.