cheetahwind
Senior Member
- Joined
- Aug 16, 2009
- Location
- Iowa
Sounds like an awful amount of work just to use Bit Coins by the way there suggesting. I'm only guessing they just don't like cloud based wallets is all?
I mean you buy the bit coin, then wait 1 to 4 hours to transfer your coins to another wallet. Then transfers those coins to the casino? Seems like an awful alot of waiting and transferring for something that that extra step shouldn't be needed.
Honestly I'm not sure what there beef is with places like Coinbase are, but unless if they really feel that your coin is going to be hacked. I really think the extra step isn't necessary at all.
I haven't used Bit Coin much at all honestly, up until the last 2 months. Experimenting with online casinos, because the only other time I dabbled in Bit Coin was to buy some really, really, really good Anti-Virus software that only took Bit Coin as payment. So far really honestly in the 3 casinos I have played at, they've all taken a direct transfer from Coinbase with asking that I jump thru the extra hoops.
I get as stated in a previous post a major cloud based wallet called Mt Gox was hacked and drained. Mainly because the guy was careless and also didn't have the funds in his bank accounts to back up the coins. Yet places like Coinbase really got on the ball, and hired outsides auditors and security consultants to make sure your coin is safe.
Oh well, just sounds like someone at the casino just doesn't trust cloud wallets is all.
I mean you buy the bit coin, then wait 1 to 4 hours to transfer your coins to another wallet. Then transfers those coins to the casino? Seems like an awful alot of waiting and transferring for something that that extra step shouldn't be needed.
Honestly I'm not sure what there beef is with places like Coinbase are, but unless if they really feel that your coin is going to be hacked. I really think the extra step isn't necessary at all.
I haven't used Bit Coin much at all honestly, up until the last 2 months. Experimenting with online casinos, because the only other time I dabbled in Bit Coin was to buy some really, really, really good Anti-Virus software that only took Bit Coin as payment. So far really honestly in the 3 casinos I have played at, they've all taken a direct transfer from Coinbase with asking that I jump thru the extra hoops.
I get as stated in a previous post a major cloud based wallet called Mt Gox was hacked and drained. Mainly because the guy was careless and also didn't have the funds in his bank accounts to back up the coins. Yet places like Coinbase really got on the ball, and hired outsides auditors and security consultants to make sure your coin is safe.
Oh well, just sounds like someone at the casino just doesn't trust cloud wallets is all.