Hi All,
I would like to get an idea if it is possible to automate the payment process in a Bitcoin Online Casino? For example, when a player deposits Bitcoin, the credits will be automatically "credited" to the player's account? Please advise. Thanks.
Phen Vargas
Are you an operator?
If so, what casino and what software?
Rick
Universal4
ofc it is
It is via conventional methods, but when Bitcoin is able to process smart contracts like ethereum, it can also be 100% automated and 100% transparent.
Good luck processing BTC payments, the block chain is essentially broken. Payments are taking days to process as all miners are jumping across to BCH (Bitcoin Cash). It should even out and start processing again when BCH reaches parity with BTC, or at least when equilibrium is reached and maintained.
Anyway, point is, if you want to receive crypto-currency payments, rather look at a bouquet of currencies supported, or go via a third-party payment provider like TenX who can offer you payments and receiving of multiple currencies.
BCH and BTC will never reach stable parity. It is either/or. If people start using BCH massively where they used BTC, BTC is done.
Anyone can always use CPFP, that is what is it done for. Gambling is an area that can live with it. And this is exactly one of the reasons why not to use third party processor. Using proprietary solution allows many other things, like allowing 0conf transactions to verified or known customers or customers who have some open bets as collateral etc.
3rd party solution means that money is by someone else, go through someone else, the someone else can only **** things up and there is no way to connect the payments to real customers as described above.
Yes, people are lazy and this is why it is so **** up. My people work on this solution. It is interesting. I think when you want to do something, do it properly. But yeah: bitcoin for most people and casinos will be just a bit different credit card or Skrill. Sad.
Each BTC trading $8980 at BITTREX now! It seems BTC is more stable now a days.
Hi Rick,
I am thinking to build my own Bitcoin Online Casino here in Asia - example is Coin178.
I still have to choose which software provider I should choose considering of course the start up cost. I'd rather invest more on my digital marketing campaigns).
Any Bitcoin casino software provider that you can recommend specifically in Asia? Also, third party who can automate my Bitcoin payment process? Thanks so much.
Phen
Yes, there are many ways to do it. The most convenient is to use a thrid party like coinpayments.net. If you have more dev skills you can go for a btcwallet on your server.
Here's how it works. The opertor wallet generates a new btc address for each player. Then when ever a transaction comes in, they know it is for that specific player. Casinos used to wait more than 2 confirmations, but I see some of them are reducing it down to zero.
Hi WagerX,
Thanks for your recommendation. I will check the link you posted here.
Regards.