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Author Topic: Bitcoin-instant credit??  (Read 627 times)
delfastTions
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March 07, 2022, 06:25:35 PM
 #41

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.
Everyone will be grateful to you.  Indeed, after the legalization of bitcoin in El Salvador in September 2021, the lighting network began to develop quite rapidly due to the Chivo state wallet. 
This is a very promising payment option with a minimum commission and it is fast. 
If you make such a table, everyone in BTT will know where to use LN and probably will use it. 
But you need to understand well which gambling sites are safe and possible. 
This is a rather difficult task.

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Finestream
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March 08, 2022, 04:04:35 PM
 #42

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.
Everyone will be grateful to you.  Indeed, after the legalization of bitcoin in El Salvador in September 2021, the lighting network began to develop quite rapidly due to the Chivo state wallet. 
This is a very promising payment option with a minimum commission and it is fast. 
If you make such a table, everyone in BTT will know where to use LN and probably will use it. 


If gambling sites will support LN then we will see a big improvement.
We will feel the instant deposit and we don't need to pay a high transaction fee just to get our transaction confirmed quickly like when the network is congested.

Quote
But you need to understand well which gambling sites are safe and possible. 
This is a rather difficult task.

For me this is easy, what's the use of being a member in this forum if we will not make our DYOR on the gambling sites listing their ANN thread here?

RapTarX
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March 08, 2022, 04:06:27 PM
 #43

If you make such a table, everyone in BTT will know where to use LN and probably will use it. 
But you need to understand well which gambling sites are safe and possible. 
This is a rather difficult task.
I have started collecting the gambling sites already; of course, I'm not going to add any scam sites there.
For your info, I have one thread on the list of services accepting Lightning Network payments. I'm considering including gambling sites in that thread as well but not sure yet whether I will create a new one or not. Thank you for your pieces of advice.

For me this is easy, what's the use of being a member in this forum if we will not make our DYOR on the gambling sites listing their ANN thread here?
Well, it's everyone's res[pnsibility to DYOR but as a thread starter, I have some responsibilities as well.

nakamura12
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March 08, 2022, 10:00:59 PM
 #44

Bitsler offers this kind of feature before and the time varies depends on the account trust score. Trust score is calculated based on its gambling activity on the Casino. I don't know if they still have this feature but I believe there's other Casino offers this because they can always set a security measure temporarily freeze the withdraw function as long as there's a pending transaction incoming on there casino wallet address.
It may be possible that the site coule have instant credit but I think that the credit will not be from the transaction that a gambler did instead it is from their bankroll to be credited to your account while they are waiting for the transaction that the gambler made to be confirmed and that amount will go to their bankroll. What I was talking about is that crediting the account of a gambler on their site is not on chain but for withdrawal it is processed on chain.

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ralle14
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March 09, 2022, 01:16:09 AM
 #45

It may be possible that the site coule have instant credit but I think that the credit will not be from the transaction that a gambler did instead it is from their bankroll to be credited to your account while they are waiting for the transaction that the gambler made to be confirmed and that amount will go to their bankroll. What I was talking about is that crediting the account of a gambler on their site is not on chain but for withdrawal it is processed on chain.
That explanation made it sound unnecessary\ like how it's similar to borrowing money when they don't have to given that the casino could just lessen the requirements for deposits. Anyway, I think the on-site balance isn't really a bankroll since there's really no risk for casinos to lose until the coins get processed on-chain.

Bitsler offers this kind of feature before and the time varies depends on the account trust score. Trust score is calculated based on its gambling activity on the Casino.
That feature sounds great hopefully other casinos integrate it in another way like how it's only for users that reached a certain level or VIP.

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traderethereum
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March 09, 2022, 03:53:04 AM
 #46

Bitsler offers this kind of feature before and the time varies depends on the account trust score. Trust score is calculated based on its gambling activity on the Casino. I don't know if they still have this feature but I believe there's other Casino offers this because they can always set a security measure temporarily freeze the withdraw function as long as there's a pending transaction incoming on there casino wallet address.
It may be possible that the site coule have instant credit but I think that the credit will not be from the transaction that a gambler did instead it is from their bankroll to be credited to your account while they are waiting for the transaction that the gambler made to be confirmed and that amount will go to their bankroll. What I was talking about is that crediting the account of a gambler on their site is not on chain but for withdrawal it is processed on chain.
If instant credit can provide convenience for users to gamble right away without having to wait for long confirmations, the casino will not lose it.
Although not many casinos have instant credit, in the end, the deposit that we make will go into our account and we can use it whenever we want.
But I think it makes sense for the casino to lend us the money first because our deposit hasn't been confirmed from the network and maybe it's one way to provide convenience to users.

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March 14, 2022, 08:03:49 PM
 #47

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.
We all know that depending on how busy the network is at the time it can take  along time to get a confirmation, so I kind of get why people would like something like this, but this is the wrong way to go about this, asking the casino to instantly credit a transaction that appeared on the mempool before it has being confirmed is asking too much out of them, especially when we have the lightning network which can do something similar but without the same associated risks that doing something like this will entail for them.

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Fatunad
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March 14, 2022, 08:19:13 PM
 #48

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.
We all know that depending on how busy the network is at the time it can take  along time to get a confirmation, so I kind of get why people would like something like this, but this is the wrong way to go about this, asking the casino to instantly credit a transaction that appeared on the mempool before it has being confirmed is asking too much out of them, especially when we have the lightning network which can do something similar but without the same associated risks that doing something like this will entail for them.
Instant credit on balances is something that casinos wouldnt really tend to apply on because of possible double spending which it wouldnt really be good for the business thats why having at least 1 confirmation would do.
Confirmation time would really just be depending  on the network and casinos doesnt have control of it which i dont know on why some people or gamblers do really took the blame out of these situations.
In the past there were casinos  which does have instant deposit but due to those known issues then its normal that they would really be having that action.

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March 22, 2022, 08:59:15 PM
 #49

We all know that depending on how busy the network is at the time it can take  along time to get a confirmation, so I kind of get why people would like something like this, but this is the wrong way to go about this, asking the casino to instantly credit a transaction that appeared on the mempool before it has being confirmed is asking too much out of them, especially when we have the lightning network which can do something similar but without the same associated risks that doing something like this will entail for them.
Instant credit on balances is something that casinos wouldnt really tend to apply on because of possible double spending which it wouldnt really be good for the business thats why having at least 1 confirmation would do.
Confirmation time would really just be depending  on the network and casinos doesnt have control of it which i dont know on why some people or gamblers do really took the blame out of these situations.
In the past there were casinos  which does have instant deposit but due to those known issues then its normal that they would really be having that action.
Besides this is a complete non-issue, after all if you know that you want to gamble why not send a transaction before you go to sleep to the casino? That way when you wake up the transaction will have a lot of confirmations and you will be able to gamble freely the next day without any true delay as you would have done this before you went to sleep, so the only ones that would need something like this are those that are gambling impulsively and that lose their balance and want to gamble immediately after they send their transaction, something which is a very bad idea.

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March 22, 2022, 09:11:39 PM
 #50

I can't remember any site or service to credit a transaction without any confirmation.
...

In the past there has been Directbet.eu which accepted bets without confirmation and without creating an account!
probably this way of managing the bets was not only an example of great success but also highlighted a major vulnerability of the site  for malicious users

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magneto
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March 23, 2022, 08:19:49 AM
 #51

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?

As far as I know, Sportsbet is offering it?

I know that in the past, Bitsler used to offer this and I loved it. However, I'm fairly sure that they moved to 1-conf.

Bitcoinvideocasino and Bitcoin.com games also used to offer this feature, but again, they don't anymore after RBF became more mainstream.

You could also try BitCasino but I haven't played with them before.
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March 23, 2022, 04:43:33 PM
 #52

Bitsler offers this kind of feature before and the time varies depends on the account trust score. Trust score is calculated based on its gambling activity on the Casino. I don't know if they still have this feature but I believe there's other Casino offers this because they can always set a security measure temporarily freeze the withdraw function as long as there's a pending transaction incoming on there casino wallet address.
It may be possible that the site coule have instant credit but I think that the credit will not be from the transaction that a gambler did instead it is from their bankroll to be credited to your account while they are waiting for the transaction that the gambler made to be confirmed and that amount will go to their bankroll. What I was talking about is that crediting the account of a gambler on their site is not on chain but for withdrawal it is processed on chain.
If instant credit can provide convenience for users to gamble right away without having to wait for long confirmations, the casino will not lose it.
Although not many casinos have instant credit, in the end, the deposit that we make will go into our account and we can use it whenever we want.
But I think it makes sense for the casino to lend us the money first because our deposit hasn't been confirmed from the network and maybe it's one way to provide convenience to users.

Well, it is important to note that every casino that has instant credit gets many players out of trouble when their money runs out, but it is usually a double-edged sword when they get carried away by emotion and it is abused, I understand perfectly why what casinos take into account the confidence points of each player, and if each player is active and has the ability to pay.

Instant credits sometimes if they are made through fiat money accounts I don't know how fast they are on the network, but I think that if that option is taken it could speed it up through other means, such as USDT so that the waiting time does not be a lot.

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March 23, 2022, 04:57:57 PM
 #53

Well, it is important to note that every casino that has instant credit gets many players out of trouble when their money runs out, but it is usually a double-edged sword when they get carried away by emotion and it is abused, I understand perfectly why what casinos take into account the confidence points of each player, and if each player is active and has the ability to pay.

Instant credits sometimes if they are made through fiat money accounts I don't know how fast they are on the network, but I think that if that option is taken it could speed it up through other means, such as USDT so that the waiting time does not be a lot.

This is why I said that this could speed up the process. If there is a problem with it then I think a casino would have to put a strict rule or a system where those who deposit and they instantly get credited while waiting for the process then they won't be able to withdraw their funds even after they made a bet as long as the process of the deposit of fiat is not yet fully process which in my opinion could help the casino prevent a gambler getting their funds if ever a deposit of fiat to casino using bank for example didn't went through then that means the amount credited to the gambler's account is still owned by the casino until the deposit went through.

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March 23, 2022, 10:18:52 PM
 #54

Besides this is a complete non-issue, after all if you know that you want to gamble why not send a transaction before you go to sleep to the casino? That way when you wake up the transaction will have a lot of confirmations and you will be able to gamble freely the next day without any true delay as you would have done this before you went to sleep, so the only ones that would need something like this are those that are gambling impulsively and that lose their balance and want to gamble immediately after they send their transaction, something which is a very bad idea.
I think I have tried this before, it was a bch coin that I used because there are no other options and I already know that BCH transactions are super slow. I didn't know if there are other coins besides BCH that are slow to process? BCH isn't that even popular so I don't think it will experience a congestion.

A delay can be a good thing because it discourage gamblers to deposit and lose more. It makes them practice a responsible gambling but for someone that is highly addictive, they will try to look for alternatives just to gamble in a quicker way. Dunno if one of it is the OP or it's also possible that the OP has a different objective.
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March 23, 2022, 10:32:17 PM
 #55

Besides this is a complete non-issue, after all if you know that you want to gamble why not send a transaction before you go to sleep to the casino? That way when you wake up the transaction will have a lot of confirmations and you will be able to gamble freely the next day without any true delay as you would have done this before you went to sleep, so the only ones that would need something like this are those that are gambling impulsively and that lose their balance and want to gamble immediately after they send their transaction, something which is a very bad idea.
I think I have tried this before, it was a bch coin that I used because there are no other options and I already know that BCH transactions are super slow. I didn't know if there are other coins besides BCH that are slow to process? BCH isn't that even popular so I don't think it will experience a congestion.

A delay can be a good thing because it discourage gamblers to deposit and lose more. It makes them practice a responsible gambling but for someone that is highly addictive, they will try to look for alternatives just to gamble in a quicker way. Dunno if one of it is the OP or it's also possible that the OP has a different objective.
Addiction and impulsive kind of behavior is a different matter so lets not attach to it on how fast deposits do really affect that one and speaking with BCH confirmation then it is way too slow
based up on experience thats why its not surprising that several casinos just do include this as their payment coins and the rest is really just choosing LTC or DASH based on observation.
Instant credit is not possible or can be seen nowadays because of double spending issues thats why casinos had made out at least 1 confirmation before it do credits.

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March 23, 2022, 10:40:17 PM
 #56

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?
^ Probably right after 3 confirmations of the transaction which is a standard process and safe both.
Gambling casinos may be at risk if the will have fast credit, it could be BTC can be double-spend so that the transaction will not credited, so if the casino allows betting even though the transactions are not confirmed. That is their risk.
However, instant credit will not matter to me, the most important is how gambling casino is being responsible and reputable.
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March 23, 2022, 10:44:08 PM
 #57

Here's how double-spend works.

https://www.youtube.com/watch?v=tXnE4MYOAaY
https://www.youtube.com/watch?v=HQdaZZBw3X8

It would really be just normal for a business to play safe because it would be a total loss if someone double spends
and potentially able to make some hits out of those fake deposits.  Cool

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March 30, 2022, 07:25:55 PM
 #58

Besides this is a complete non-issue, after all if you know that you want to gamble why not send a transaction before you go to sleep to the casino? That way when you wake up the transaction will have a lot of confirmations and you will be able to gamble freely the next day without any true delay as you would have done this before you went to sleep, so the only ones that would need something like this are those that are gambling impulsively and that lose their balance and want to gamble immediately after they send their transaction, something which is a very bad idea.
I think I have tried this before, it was a bch coin that I used because there are no other options and I already know that BCH transactions are super slow. I didn't know if there are other coins besides BCH that are slow to process? BCH isn't that even popular so I don't think it will experience a congestion.

A delay can be a good thing because it discourage gamblers to deposit and lose more. It makes them practice a responsible gambling but for someone that is highly addictive, they will try to look for alternatives just to gamble in a quicker way. Dunno if one of it is the OP or it's also possible that the OP has a different objective.
Also if someone one wants to send their transaction and play as soon as possible maybe they could begin to gamble with coins that have a fast confirmation time like dogecoin, dogecoin despite its meme status has some usefulness beyond being a pump and dump coin, dogecoin can offer really fast confirmations, so anyone that is too impatient to wait for a bitcoin confirmation could move to dogecoin and cut down the time they have to wait significantly and make their wait more bearable.

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March 30, 2022, 07:30:14 PM
Last edit: March 30, 2022, 09:02:17 PM by Fortify
 #59

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?

It sounds like you're attempting to try to beat casinos by double spending, either that or you're a prolific gambler who would probably be wise to take the maybe 30 minutes it takes for a blockchain transaction to settle. There may be the odd casino that accepts it, but at the first sign of shenanigans they'll cut your funds off and hold on to them. No trick will work long term to beat the casinos in this way, it might have been possible over ten years ago with newer places but all of these basic steps are safe guarded against now. Anyway, lets hope it was a legitimate question, but if so - you should probably go easy on your spending because it's very easy to lose control and waste a lot of money.

R


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March 30, 2022, 08:14:03 PM
 #60

1) sportsbet.io

2) bitcasino.io

3) roobet.com

those are the 3 i know of, might be more

All three are legit sites i have used without issues

Are you sure that these sites offer bitcoin deposits without confirmation?

These three sites and all other gambling sites will never allow you to deposit any money with confirmation. In fact no centralized site will offer this. This is to prevent the abuse , double spending and other ways to exploit the system.

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█    ▀▀██████▀▀    █ ▌ █
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▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
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..PLAY NOW..
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