Casinos Bitcoin currency

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Last post made 5 years ago by fredos386
Arassus
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  • Arassus
  • Australia Sr. Newbie 21
  • last active 1 year ago

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  • Arassus
    • Started by
    • Arassus
    • at Nov 23, 19, 02:04:57 AM
    • Australia Sr. Newbie 21
    • last active 1 year ago

    I have recently signed up to an online-casino(name), that I found rather appealing due to multiple factors like my favourite gaming providers, games and the casino brand and structure.. So was very excited to start my gaming experience at this particular casino, so went to make my first deposit, and there I was disappointed with the only payment method available was the Bitcoin scan square currency,?? I'm so confused as because the currency showing in my main page that I signed up through was, as I reside in. I don't understand how does that work?? Questions:

    1. How does the exchange currency rate works,? 2. Im confused if the bitcoin currency deposited exchange to , why can't a player have the option of withdrawal also in ? 3.i wish the casino had currency as a deposit option..

    Thank you :) 

  • booty
    • Replied by
    • booty
    • at Nov 23, 19, 09:00:05 AM
    • Norway Hero Member 581
    • last active 8 months ago

    that does sound weird, whats the name of the casino?   BTC transactions are pretty much straight forward and its from one BTC wallet ( yours ) to another wallet ( casinos ). there should not be any fees in that respect.

  • fredos386
    • Replied by
    • fredos386
    • at Nov 24, 19, 02:50:53 AM
    • Canada Hero Member 532
    • last active 3 years ago

    Some bitcoin casinos will only accept bitcoins for payment but the system will convert it to your currency so you can track your balance and also be able to play providers that do not support bitcoin bets. It will show you but that is just the value of your bitcoin it's not money. So if you deposit 50$ of bitcoin you will see 50$ in balance instead of the amount of bitcoin you sent. Many people have a serious hard time understand what mbtc means, what is the bet size etc. So don't worry it's normal. If you win and cash out, you will receive bitcoins, as i said it's just an indicator of the value of the bitcoins in your account, nothing else.

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