Using Bitcoin at Rainbet: from wallet address to credited balance

What is the process for a Rainbet Bitcoin deposit?

You make a Rainbet Bitcoin deposit by sending an ordinary BTC transfer from your wallet to the deposit address in your Rainbet account. Your balance is updated when the network has given the transfer one confirmation.

1. Take your BTC deposit address from your Rainbet account, and make sure the coin and network match.
2. Put it into your own wallet or exchange and look at the first and last characters.
3. Send the transfer and wait for one confirmation.

What is the Bitcoin waiting time?

In normal conditions one confirmation takes Bitcoin around 10 minutes. Of the networks Rainbet lists, it is the slowest, and the gap is noticeable when you're in a rush.

The Bitcoin wait can be stretched by a busy network or a low fee. While pending, the transfer is not lost; it is waiting for a miner to put it into a block.

How much does sending Bitcoin cost?

Sending Bitcoin incurs a network fee, which miners receive and which you set in your wallet at the time of sending. Rainbet describes Bitcoin and Ethereum fees as lower than most banking equivalents in normal conditions. Rainbet does not receive the fee.

A fee is normally suggested by the wallet. The usual cause of a deposit taking longer than expected is picking the lowest setting at a busy time.

What are the rules for Bitcoin withdrawals?

A Bitcoin withdrawal is subject to the same rules as any other withdrawal on Rainbet.

• Minimum: $15 or the BTC equivalent.
• Processing: typically processed and sent within 5 to 15 minutes.
• Wager lock: every crypto deposit carries a 1x wager lock, so the deposit must be wagered once before it can be withdrawn.
• Commission: none after the deposit has been wagered once.

Once Rainbet has sent the withdrawal, the Bitcoin network must still confirm it before it appears in your wallet. The full conditions are on Rainbet deposits and withdrawals.

What should you verify ahead of sending BTC?

A Bitcoin transfer cannot be taken back. Neither Rainbet nor your exchange can recall it.

• Only send BTC to a BTC address, using the Bitcoin network.
• Rather than reuse a saved address, copy it fresh from your Rainbet account every time.
• When the sum is large, send a small test amount first.
• Hold on to the transaction ID until the deposit appears in your balance.

Is your balance affected by the Bitcoin price?

Bitcoin's price is always moving, and Rainbet states its limits in US dollars. For that reason the BTC amount equal to the $15 minimum withdrawal shifts from one day to the next. If you're concerned about price swings, the stablecoins USDT and USDC are on the supported list as well.

What can you play with Bitcoin?

The whole account is funded by a Bitcoin deposit. One balance pays for slots, live tables, sports bets and the in-house games on Rainbet Originals, since Rainbet is a crypto casino and sportsbook. For the whole library, see Rainbet casino.

What does a confirmation mean?

When the Bitcoin network records your transfer in a block, that is a confirmation. Roughly every ten minutes miners collect pending transfers into a block, and when yours is included it has one confirmation. At that moment Rainbet credits the deposit.

Before then, your wallet shows the transfer as pending or unconfirmed. Its progress can be followed on any public Bitcoin block explorer with the transaction ID.

Is it better to send from a wallet or an exchange?

Both work, though each behaves slightly differently.

For withdrawals from Rainbet, use an address you control and double-check that it's a Bitcoin address.

Whichever you use, Rainbet's withdrawal rules do not change: a $15 minimum, with the 1x wager lock on the deposit cleared first.

Does Bitcoin make the best choice on Rainbet?

Bitcoin is the coin most people know and the slowest of the networks listed. Choose it if BTC is what you already hold. Speed or a low network fee could matter more. Rainbet puts fees on Tron, Solana, BNB Smart Chain and Litecoin at a fraction of a cent to a few cents. The first three confirm in under two minutes.