0
$ £
usMistee234
GamblerGambler
Location: Texas
Joined: 26 Aug 2016
Posts: 67
Thanks given: 35
Thanks received: 52
29 September 2016 - 1:47pm

very confused on bitcoin

31 replies • Last post

I tried to make my first deposit using bitcoin at slotocash and casino extreme and both didnt work. I signed up for coinbase after reading this site. Am i missing a step here? I talked to livechat at slotocash and they sent me a response saying to sign up w/ another site. I told them I have coinbase and they said I need to call coinbase. I dont understand. I hit deposit and it never asked me for any of my bitcoin info. Shouldnt it be asking me for info the same way if i was making a deposit w/ a credit card?

usMistee234
GamblerGambler
Location: Texas
Joined: 26 Aug 2016
Posts: 67
Thanks given: 35
Thanks received: 52
29 September 2016 - 2:38pm
#1

just an update. i called ignition casino and they walked me thru it. Neither of the other casinos were helpful. I did not have a wallet so it wouldnt let me do anything. I thought coinbase was the wallet.

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 7021
Thanks given: 3103
Thanks received: 2464
30 September 2016 - 12:46am
#2

I haven't used Coinbase myself as I have my own personal wallet that I use. But usually with an online wallet you have to sign up, then they give you a wallet code, then you can deposit money into the wallet however you want.

Ignition Casino are associated with Bovada and they are heavily encouraging Bitcoin at the moment so I'm not surprised they were able to help you. If you need any other Bitcoin info we have a good thread about it here and we're working on an article or two that explains how it all works in simple terms.

2 members gave thanks for this useful post: hope777, lpangborn76

Always play it safe! Consult our list of rogue casinos and warnings before depositing.
Every comment you make in our forum earns you CLchips which can be used to buy real prizes in our CLchips shop!

phCasinodepositors
FreerollerFreeroller
Joined: 14 Sep 2016
Posts: 11
Thanks given: 0
Thanks received: 2
1 October 2016 - 3:06am
#3

Casinos website are not that friendly when it comes on using bitcoin. Some of them need to ask assistance for your deposit to reflect. So if your gonna use bitcoin for your deposit try to ask the casino first.

krcoolsongss
Slots FanSlots Fan
Joined: 2 Dec 2014
Posts: 1094
Thanks given: 734
Thanks received: 532
10 October 2016 - 8:54am
#4

Hi, it seems that you figured out to use BitCoin. Yeah, it was very confusing at the very first moment.
After synchronizing your wallet with the bitcoin chain blocks, it would be quite easier to use.

Good Luck.

1 member gave thanks for this useful post: lpangborn76

usMistee234
GamblerGambler
Location: Texas
Joined: 26 Aug 2016
Posts: 67
Thanks given: 35
Thanks received: 52
10 October 2016 - 10:32am
#5

Yes, I think I have It down now. I have been using it almost every day. In case anyone else is confused my issue was I only had an exchange. I needed to get a wallet.

I purchase the Bitcoin on the exchange and then transfer to the wallet. I actually really like it. When making cash deposits I constantly have issues with my bank declining my debit card and with Bitcoin I don't have to worry about that. However, I can only purchase 150 bitcoins a week using my debit card and am not sure how to raise my limits so for high rollers I could see Bitcoin being an issue. You can do an ach to buy Bitcoin but it takes a week to go thru so that's a pain.

I enjoy lucky red, club world casinos and wish they would get on board with Bitcoin but maybe it's best for me so I limit my deposits with them Smile

2 members gave thanks for this useful post: coolsongss, lpangborn76

ustwitchyseal
Low RollerLow Roller
twitchyseal's picture
Joined: 23 Jun 2016
Posts: 31
Thanks given: 3
Thanks received: 16
11 October 2016 - 5:52am
#6
Mistee234 wrote:

Yes, I think I have It down now. I have been using it almost every day. In case anyone else is confused my issue was I only had an exchange. I needed to get a wallet.

Which wallet did you choose?

When you use a site like Circle or Coinbase to purchase Bitcoin, the Bitcoin is loaded directly to your Coinbase or Circle account. This is often reffered to as a "wallet" because you can send your bitcoin to any other bitcoin address or generate addresses to receive Bitcoin. But in reality, it's Circle or Coinbase who have your Bitcoin. When you transfer them somewhere, they are the ones creating and broadcasting the transaction to the blockchain.

Mistee234 wrote:

I purchase the Bitcoin on the exchange and then transfer to the wallet.

Hopefully you are transferring them to a wallet like Electrum or Bitcoin Core that you downloaded and keep on your local device. Never ever send Bitcoin from Circle or Coinbase directly to a gambling website. (Or any other site that offers services that would be considered illegal in America) or you will eventually get an email like this:

Quote:

I regret to inform you that after a careful review of your account, Circle will not be able to offer you service.
As a federally regulated money service business, we are subject to the Unlawful Internet Gambling Enforcement Act. Gambling on our platform is outlined as prohibited in the ''Restricted Activities" sections of our User Agreement (sections 17 and 18). Your account has already been closed.
Please reference the User Agreement should you have any further questions.
Best,
Rick - Team Circle

Mistee234 wrote:

I can only purchase 150 bitcoins a week using my debit card and am not sure how to raise my limits so for high rollers I could see Bitcoin being an issue.

150 Bitcoin = almost $100,000 Smile

I think you probably mean $150 worth of Bitcoin or 150 millibitcoin (mBTC) which is the same as 0.15 Bitcoin.

1 BTC (Bitcoin) = 1,000 mBTC (millibits) = 1,000,000 μBtc (bits) = 100,000,000 satoshis

3 members gave thanks for this useful post: CL-Ed, coolsongss, lpangborn76

usdnieder
FreerollerFreeroller
dnieder's picture
Location: San Diego
Joined: 11 Oct 2016
Posts: 5
Thanks given: 0
Thanks received: 5
11 October 2016 - 7:30am
#7

Bitcoin is a lot to learn! Now that you seem to be enjoying it, you're running into the same problem I did when I first started converting to crypto, a lack of BTC! To get around minimums, I recommend getting as many exchanges as you can set up. Coinbase and Circle are good. Virwox let's you purchase BTC with a credit card, and xcoins.io has no purchase limits at all!

usMistee234
GamblerGambler
Location: Texas
Joined: 26 Aug 2016
Posts: 67
Thanks given: 35
Thanks received: 52
11 October 2016 - 9:07am
#8

I didn't realize I could send using from circle or coinbase. I'm purchasing bitcoin from circle and coinbase and then going into blockchain and hitting receive and then the bitcoin is in the blockchain. Will I receive that email using blockchain?

I meant 150 usd. I wish I had 150 bitcoin that would be nice Smile

2 members gave thanks for this useful post: coolsongss, lpangborn76

usdnieder
FreerollerFreeroller
dnieder's picture
Location: San Diego
Joined: 11 Oct 2016
Posts: 5
Thanks given: 0
Thanks received: 5
11 October 2016 - 10:02am
#9

You can definitely send from your exchange (circle,coinbase, etc.) But DO NOT deposit directly into the casino. See comment above.

1 member gave thanks for this useful post: lpangborn76

ustwitchyseal
Low RollerLow Roller
twitchyseal's picture
Joined: 23 Jun 2016
Posts: 31
Thanks given: 3
Thanks received: 16
11 October 2016 - 12:59pm
#10
Mistee234 wrote:

I didn't realize I could send using from circle or coinbase. I'm purchasing bitcoin from circle and coinbase and then going into blockchain and hitting receive and then the bitcoin is in the blockchain. Will I receive that email using blockchain?

I meant 150 usd. I wish I had 150 bitcoin that would be nice Smile

Ahh, well that's good that you're not sending directly from coinbase (you could). But blockchain.info is actually just another third party that sends and receives bitcoin for you.

It's not terrible or anything, but you should consider downloading your own (open source) wallet so that you can access your bitcoin directly without relying on a third party. There's a list of the safe ones here: https://bitcoin.org/en/choose-your-wallet I suggest electrum. It's the easiest to use and you won't have to download the blockchain (which can take like 12 hours) The instructions are pretty good, just make sure you write down your seed on a piece of paper. (it's a bunch of random words) and if you don't know what to do at some point just google it or ask.

Also, If you have an Iphone, never download a wallet from the Apple Store without checking with some nerds to make sure it's not a possible scam.

1 member gave thanks for this useful post: CL-Ed

usdnieder
FreerollerFreeroller
dnieder's picture
Location: San Diego
Joined: 11 Oct 2016
Posts: 5
Thanks given: 0
Thanks received: 5
24 October 2016 - 7:00pm
#11

It works differently actually at rtg casinos. You enter the amount, then you get a BTC address generated to use for the deposit. Then log into your wallet and send the proper amount to the casino (slightly more if using a bonus because you will lose a small % to pay the miners.) It will take up to about an hour, rarely more; sometimes under a minute for your deposit to arrive.

Word to the wise. DO NOT SEND DIRECTLY FROM Coinbase. Use a third party like blockchain in between where you purchase the coins and where you send and receive from the casinos. Coinbase will ban you if in the USA.

1 member gave thanks for this useful post: lpangborn76

bamajor1983
Low RollerLow Roller
major1983's picture
Location: Brcko
Joined: 19 Jul 2016
Posts: 27
Thanks given: 1
Thanks received: 17
24 October 2016 - 7:27pm
#12

For me bitcoin is very unstable, and therefore I very little use today.

1 member gave thanks for this useful post: lpangborn76

ustwitchyseal
Low RollerLow Roller
twitchyseal's picture
Joined: 23 Jun 2016
Posts: 31
Thanks given: 3
Thanks received: 16
25 October 2016 - 6:24am
#13
dnieder wrote:

It works differently actually at rtg casinos. You enter the amount, then you get a BTC address generated to use for the deposit. Then log into your wallet and send the proper amount to the casino (slightly more if using a bonus because you will lose a small % to pay the miners.) It will take up to about an hour, rarely more; sometimes under a minute for your deposit to arrive.

Word to the wise. DO NOT SEND DIRECTLY FROM Coinbase. Use a third party like blockchain in between where you purchase the coins and where you send and receive from the casinos. Coinbase will ban you if in the USA.

Just remember, if you have to log into a website in order to see your balance or send bitcoin, you aren't actually in control of the funds. Someone else is signing/broadcasting the transactions for you.

2 members gave thanks for this useful post: hope777, lpangborn76

ushope777
Forum Angel
hope777's picture
Location: Minnesota USA
Joined: 1 Jan 2011
Posts: 12442
Thanks given: 1189
Thanks received: 862
4 November 2016 - 12:56am
#14

I use Coin Base, and I find it very easy to use. Strange you did not have a wallet. I automatically had one when I signed up. I haven't used it ever for casinos, but I have used it a few times for other purchases for bitcoin discounts.

1 member gave thanks for this useful post: lpangborn76

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

ushope777
Forum Angel
hope777's picture
Location: Minnesota USA
Joined: 1 Jan 2011
Posts: 12442
Thanks given: 1189
Thanks received: 862
4 November 2016 - 12:58am
#15
twitchyseal wrote:

Just remember, if you have to log into a website in order to see your balance or send bitcoin, you aren't actually in control of the funds. Someone else is signing/broadcasting the transactions for you.

Thank you for this advice. I would hate to be banned from the only place I know how to use. lol

1 member gave thanks for this useful post: lpangborn76

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

ushope777
Forum Angel
hope777's picture
Location: Minnesota USA
Joined: 1 Jan 2011
Posts: 12442
Thanks given: 1189
Thanks received: 862
4 November 2016 - 1:30am
#16

On another note, I cannot believe bitcoin is up over $700 right now! I remember when it was between $200 and $250! I sure wish I had invested at that time! Good grief!

1 member gave thanks for this useful post: lpangborn76

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 7021
Thanks given: 3103
Thanks received: 2464
4 November 2016 - 1:38am
#17

Ha. Kids these days. I remember deciding not to buy any when they were worth $3. Cry

And git off my lawn! lol

2 members gave thanks for this useful post: hope777, lpangborn76

Always play it safe! Consult our list of rogue casinos and warnings before depositing.
Every comment you make in our forum earns you CLchips which can be used to buy real prizes in our CLchips shop!

ushope777
Forum Angel
hope777's picture
Location: Minnesota USA
Joined: 1 Jan 2011
Posts: 12442
Thanks given: 1189
Thanks received: 862
6 November 2016 - 11:51pm
#18
CL-Ed wrote:

Ha. Kids these days. I remember deciding not to buy any when they were worth $3. Cry

And git off my lawn! lol

Are you serious, CL-Ed? I probably didn't even know about Bitcoin back then. LMBO! Wink

Seriously, though, you are probably younger than I am, but I will respectfully leave your lawn. Tongue

1 member gave thanks for this useful post: lpangborn76

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 7021
Thanks given: 3103
Thanks received: 2464
7 November 2016 - 10:34pm
#19

lol lol lol

I'm sure I've told the story here before. They were worth about $3 and I decided not to buy, then regretted watching it go up to maybe $30 or so shortly after, but then was feeling very smug when it dropped back to below $3 again. That must have been 5 years ago or so now.

2 members gave thanks for this useful post: sharpe, lpangborn76

Always play it safe! Consult our list of rogue casinos and warnings before depositing.
Every comment you make in our forum earns you CLchips which can be used to buy real prizes in our CLchips shop!

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 3141
Thanks given: 989
Thanks received: 315
16 November 2016 - 9:09pm
#20
CL-Ed wrote:

lol lol lol

I'm sure I've told the story here before. They were worth about $3 and I decided not to buy, then regretted watching it go up to maybe $30 or so shortly after, but then was feeling very smug when it dropped back to below $3 again. That must have been 5 years ago or so now.

Not 3$ in Australian Dollars right? Wink

Yeah you told that one before Ed, if that would make you feel better I wouldn't spend 3 bucks on a thing you can't touch Joking back then either, just a year ago bitcoin worth around $200 US Wink so it's still around 3,5 times cheaper than now.
I could imagine few years from now when we still chat here and the bitcoin value is around 5 -10 000$ that we're hadn't bout coins when they worth under $1000 Surprized Tongue

1 member gave thanks for this useful post: lpangborn76

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 7021
Thanks given: 3103
Thanks received: 2464
17 November 2016 - 12:32am
#21

Well seeing as I now have a few fractions of a bitcoin, I can only live in hope!

1 member gave thanks for this useful post: lpangborn76

Always play it safe! Consult our list of rogue casinos and warnings before depositing.
Every comment you make in our forum earns you CLchips which can be used to buy real prizes in our CLchips shop!

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 3141
Thanks given: 989
Thanks received: 315
17 November 2016 - 9:54pm
#22

Yes I have as you said few fractions too but knowing myself would not have the patience to keep them for a long time, which would probably be a mistake.

1 member gave thanks for this useful post: lpangborn76

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 3141
Thanks given: 989
Thanks received: 315
7 January 2017 - 12:46am
#23

Bitcoin rate really going up and down like crazy in the last few days, in one of the days there was I think 150$ margin in price and it's the biggest difference I saw till now in a single day.
With all my huge luck lately after Ed send me a bitcoin payment yesterday, today the price dropped drastically.. Erm , crazy stuff.

2 members gave thanks for this useful post: Simon_whistler, lpangborn76

deSimon_whistler
Low RollerLow Roller
Location: Berlin
Joined: 2 Oct 2016
Posts: 38
Thanks given: 18
Thanks received: 21
7 January 2017 - 12:08pm
#24

Thanks for telling! I was just going to buy some.

1 member gave thanks for this useful post: lpangborn76

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 3141
Thanks given: 989
Thanks received: 315
8 January 2017 - 7:48pm
#25

I guess you could buy some now mate, today the price is under 900$ so maybe a good time for buying.

1 member gave thanks for this useful post: lpangborn76

uslpangborn76
Low RollerLow Roller
lpangborn76's picture
Location: Grosse Pointe, Michigan USA
Joined: 31 Oct 2016
Posts: 36
Thanks given: 244
Thanks received: 14
10 January 2017 - 8:45pm
#26
CL-Ed wrote:

I haven't used Coinbase myself as I have my own personal wallet that I use. But usually with an online wallet you have to sign up, then they give you a wallet code, then you can deposit money into the wallet however you want.

Ignition Casino are associated with Bovada and they are heavily encouraging Bitcoin at the moment so I'm not surprised they were able to help you. If you need any other Bitcoin info we have a good thread about it here and we're working on an article or two that explains how it all works in simple terms.

I have researched bitcoin and actually have found it to be an investment. I saw a bitcoin dispenser at a local gas station which got my curiosity going..... long story short ...they are only going to give out a certain amount, software is run by investors called miners. So if your affiliated with mining within the bitcoin virtual entity, then your making a percentage off those who purchase them. It's a global coin that has 8 different values to each single bitcoin . It is only a value and is not something you can hold in your hand, in other words I t s virtual currency that can be very profitable if your a math guru (like myself) and you also know the other 7 currencies which make up the one unit in bit coin. Profits are made when different deposits are made from around the globe. It's actually very simple if I had to explain it in a classroom setting. I am currently in the process of becoming a miner and have to pass a test with 90% or higher to be eligible for the software. The cost of software is paid as you grow so it's a win - win investment and I encourage everyone to check it out!

1 member gave thanks for this useful post: sharpe

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 3141
Thanks given: 989
Thanks received: 315
10 January 2017 - 10:40pm
#27

Yes as far as I know it's the best way of invest your coins or flat funds after you exchange them for coins of course, I thought about mining few times but never did it so far, the problem is there's quite great number of scam companies along with the legit ones so all the investors should be really careful before investing their coins.

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 7021
Thanks given: 3103
Thanks received: 2464
12 January 2017 - 12:28am
#28

lpangborn76, I'm sorry but it sounds to me like you are being ripped off. You don't have to pay for anything or pass a test or get certified or anything else to mine bitcoin. You can just download the software for free and start doing it. Google "bitcoinx" or "bitcoin mining software".

However be warned: a few years ago anyone could do it on their computer and be profitable but these days as the difficulty and time required for the mathematic problems that need to be solved in the mining process increases you need to use specialised hardware otherwise the hardware and electricity costs will outweigh anything you gain in bitcoin.

Bitcoin is not made up of 7 different currencies either. It is just numbers stored on a bunch of computers around the globe. Although the total supply of bitcoin is finite, the currency itself is infinitely divisible.

I think it is long past the point of it being a relatively unknown investment. It is high risk with a lot of fluctuations and I certainly would not be staking my future on it. The USD value of one bitcoin has fallen from around $1150 to $760 in the last week alone.

Always play it safe! Consult our list of rogue casinos and warnings before depositing.
Every comment you make in our forum earns you CLchips which can be used to buy real prizes in our CLchips shop!

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 3141
Thanks given: 989
Thanks received: 315
12 January 2017 - 12:36am
#29
CL-Ed wrote:

The USD value of one bitcoin has fallen from around $1150 to $760 in the last week alone.

Don't tell me about it Ed Thumb Down It's frustrating, I don't expected it to see the rate that low again..and I requested a bitcoin payment when it was well over $1000.. Sick
I guess I should try cover the losses gambling...but the way things going at the moment I doubt that would work.

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 7021
Thanks given: 3103
Thanks received: 2464
12 January 2017 - 12:46am
#30

Hey I converted $200 into EcoPayz when it was at roughly $1100. I must be a genius or a Nostradamus!

Actually I just got really lucky.

Always play it safe! Consult our list of rogue casinos and warnings before depositing.
Every comment you make in our forum earns you CLchips which can be used to buy real prizes in our CLchips shop!

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.

Share this