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Author Topic: Bitcoin-instant credit??  (Read 627 times)
TimeTeller
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April 02, 2022, 11:41:57 PM
 #81

I don't think there is a gambling site that has  Bitcoin instant credit since it is prone to exploitation especially if your wallet has a replaced by fee feature like Electrum wallet. Most of them needs 1 confirmation which is around 5-10 minutes for higher fee.
Yes this feature is risky but there are few measures that the casino can take to mitigate such risk.
I already named two casinos which accept instant deposits (roobet.com and livecasino.io). I named only these two because I tried them myself. Other members named other casinos which have this feature too. I didn't try them but I have no reason not to believe them.
The double spending risk can be easily mitigated by crediting only transactions that don't have the rbf flag.
Wasnt aware about that resolving on double spending risk.I wasnt aware too that there are casinos accepts instant deposit considering that the risks mentioned earlier could really be done.

I dont have experience with Roobet or Livecasino and i would test it for myself it does really have that kind of feature which would really be something good for some gamblers
who cant patiently wait for some deposit confirmation.I cant just believe that they could exclude out RBF type of transactions?

I have encountered a casino before having this instant deposit, however, I forgot the name.
But there is casino existing for this feature. However, why is the player too much in a hurry not to wait it to be confirmed?
Because in any case, you still need your tx to be confirmed if you want to withdraw.
Most casinos want the transaction to have at least 1 confirmation for their protection purposes also.
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April 03, 2022, 01:31:33 AM
 #82

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?
Most casinos requires atleast 1-3 confirmations before your deposit reflect in your account, because its risky on their side to have an instant credit. But recently I experienced this on livecasino, I deposited BTC and even the transaction is not confirm yet, my BTC is instantly showing in my account.

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April 03, 2022, 06:45:58 AM
 #83

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?
Most casinos requires atleast 1-3 confirmations before your deposit reflect in your account, because its risky on their side to have an instant credit. But recently I experienced this on livecasino, I deposited BTC and even the transaction is not confirm yet, my BTC is instantly showing in my account.
I think that would easily be exploited if someone would double spend it.
We must understand that, here's the explanation.

https://www.sofi.com/learn/content/double-spending/

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April 03, 2022, 07:25:24 AM
 #84

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?
Most casinos requires atleast 1-3 confirmations before your deposit reflect in your account, because its risky on their side to have an instant credit. But recently I experienced this on livecasino, I deposited BTC and even the transaction is not confirm yet, my BTC is instantly showing in my account.

In general, all casinos require at least one confirmation in order to fund your account, and I have never seen zero-confirmation deposits.
Perhaps livecasino's policy depends on the status of your account? If your account has a positive history of deposits, maybe that's why livecasino doesn't need to confirm your deposits anymore.

R


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April 03, 2022, 09:16:24 AM
 #85

Zero confirmations for deposits should not be an issue, if you implement a delay on the withdrawal after the deposit. The first "red flag" for casinos for money laundering is when you deposit money and immediately withdraw it again. So most casinos will have measures in place to prevent this.. and one of those will be to delay withdrawals after a deposit.  Wink

So, this should not be an issue if a zero confirmation deposit is done.... and Casinos can even put a wager requirement on zero confirmation deposits to prevent money laundering.  Grin

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April 03, 2022, 04:19:20 PM
 #86

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?
Most casinos requires atleast 1-3 confirmations before your deposit reflect in your account, because its risky on their side to have an instant credit. But recently I experienced this on livecasino, I deposited BTC and even the transaction is not confirm yet, my BTC is instantly showing in my account.

In general, all casinos require at least one confirmation in order to fund your account, and I have never seen zero-confirmation deposits.
Perhaps livecasino's policy depends on the status of your account? If your account has a positive history of deposits, maybe that's why livecasino doesn't need to confirm your deposits anymore.

Zero confirmation isn't supported by the gambling platforms. On a single confirmation the deposit gets reflected on the wallet balance and can be used. I've experienced immediate deposit of ethereum and bitcoin reflected on the wallet balance in a much faster time when I was in losing streak and did deposit to continue my wager.

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April 04, 2022, 01:15:46 AM
 #87

Zero confirmation isn't supported by the gambling platforms.
Some casinos do support zero confirmation deposits like livecasino, sportsbet and bitcasino. There are other casinos that also support zero confirmation but it requires bigger miner fees, I'm not sure about the exact amount as the average fees change from time to time.

Perhaps livecasino's policy depends on the status of your account? If your account has a positive history of deposits, maybe that's why livecasino doesn't need to confirm your deposits anymore.
It's not related to the standing of your account even if you have a newly registered account it doesn't matter, they really have instant deposits similar to their sister gambling sites like sportsbet and bitcasino.

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April 04, 2022, 05:02:42 AM
 #88

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?
for the past couple of years being gambler here in crypto? it is really hard to find those long time gambling sites that offers instant crediting , but there are new born gambling site nowadays that makes this promise but i will not introduce you to their site because I am not sure if they are trust worthy or scammers, best just to play and deposit in no instant but at least they are truly paying our worth.









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April 04, 2022, 11:13:18 AM
 #89

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?
for the past couple of years being gambler here in crypto? it is really hard to find those long time gambling sites that offers instant crediting , but there are new born gambling site nowadays that makes this promise but i will not introduce you to their site because I am not sure if they are trust worthy or scammers, best just to play and deposit in no instant but at least they are truly paying our worth.

Most of them have 1 confirmation deposit so why would waste time looking for instant deposit gambling site or untrusted site like what you are referring to. For me it is not a problem to wait for 1 confirmation since it won't take too long I think just 3-10 minutes of waiting is not that bad. And if you really don't like waiting then deposit with other currency with a fast confirmation, I think TRX is good too.

ya.ya.yo!

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April 04, 2022, 12:03:53 PM
 #90

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?
for the past couple of years being gambler here in crypto? it is really hard to find those long time gambling sites that offers instant crediting , but there are new born gambling site nowadays that makes this promise but i will not introduce you to their site because I am not sure if they are trust worthy or scammers, best just to play and deposit in no instant but at least they are truly paying our worth.

Most of them have 1 confirmation deposit so why would waste time looking for instant deposit gambling site or untrusted site like what you are referring to. For me it is not a problem to wait for 1 confirmation since it won't take too long I think just 3-10 minutes of waiting is not that bad. And if you really don't like waiting then deposit with other currency with a fast confirmation, I think TRX is good too.

ya.ya.yo!
Maybe for those of us who are not in a hurry to immediately play gambling, it will not be a problem, but some gamblers want to immediately place a bet so that they don't miss an event. That's why they are looking for gambling sites that can provide instant credit so when they press the send button, the deposit will go directly to the gambling site. Even though it hasn't received confirmation from the network, the gambling site can immediately give credit to the gambler's account. Maybe TRX is another option but he still wants to use BTC in terms of deposits to gambling sites.

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April 07, 2022, 08:44:33 PM
 #91

Zero confirmations for deposits should not be an issue, if you implement a delay on the withdrawal after the deposit. The first "red flag" for casinos for money laundering is when you deposit money and immediately withdraw it again. So most casinos will have measures in place to prevent this.. and one of those will be to delay withdrawals after a deposit.  Wink

So, this should not be an issue if a zero confirmation deposit is done.... and Casinos can even put a wager requirement on zero confirmation deposits to prevent money laundering.  Grin
That seems like a good idea and it seems some casinos are already using something similar, after all as long as the player has not made a withdrawal when no confirmations have been made then the casino has not lost anything at all, still even if this makes sense I cannot help to think that scammers and hackers may find a way to abuse this, as they are experts on finding any flaw within a system and then using it to their advantage.

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April 07, 2022, 08:59:01 PM
 #92

Zero confirmations for deposits should not be an issue, if you implement a delay on the withdrawal after the deposit. The first "red flag" for casinos for money laundering is when you deposit money and immediately withdraw it again. So most casinos will have measures in place to prevent this.. and one of those will be to delay withdrawals after a deposit.  Wink

So, this should not be an issue if a zero confirmation deposit is done.... and Casinos can even put a wager requirement on zero confirmation deposits to prevent money laundering.  Grin
That seems like a good idea and it seems some casinos are already using something similar, after all as long as the player has not made a withdrawal when no confirmations have been made then the casino has not lost anything at all, still even if this makes sense I cannot help to think that scammers and hackers may find a way to abuse this, as they are experts on finding any flaw within a system and then using it to their advantage.
Most of the time on which casinos does really require some wagering requirement whenever you do make out some deposit which is something that very on default because they would definitely be avoiding that money
laundering issue which had become that standard thing thats why its no surprise that whenever you do make out deposits then there would be corresponding terms before you could really do something.
It is true and effective kind of suggestion on having some delays on withdrawals whenever they do accept no confirmation deposit which its impossible that certain deposit wont really be getting
some confirmation but one thing i do have in mind if  they would able to set very low fees which make the transaction stuck for hours and the limitations been set isnt really just too long then it would be still useless.

R


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