The website is supported by at least one 'twitter influencer' I would consider top 100 in this space. He's a Canadian and he's with RAS (do the math yourself, it's not that hard to figure out the name).

I registered there and the odds are very good. The software is identical to nitrobetting BUT bet105 charges half the juice and has 5x (or 20x) the betting markets.

I contacted support (live chat on website) to ask about an error setting up 2FA, had to wait for 10 minutes. Then went to Twitter, got a reply within 1 minute and talked to a real person for 10+ minutes. Error not fixed yet, but if you need help or have questions - use twitter, it's easy to get a reply.

I'd say they are legit. I'll update when I actually have experience betting and withdrawing.

They happily took my four (small) deposits, starting from November.

My guess is, they would even pay me out if I won 1-2k. From what I've heard on SBR - there's a similar story - maybe even by the same person (vondiesel) - about someone winning mid-five digits, and getting major issues being paid.

This isn't a behaviour of a solvent, reliable operator. Not coupled with (supposedly) getting players to deposit via 250-1000% bonuses and Rolex giveaways - get one token for each $100 deposited. The Rolex draw process is a mystery, they probably will give it away to one of insiders.

TLDR

But sounds like... BRO TOOK A BONUS and got slammed by a casino?

1) I'm not sure applying bonus 'automatically' is fair. But it's on the player to stay aware and proactively contact support with any doubt. OP didn't, so it's partly his fault that he got into a situation where his money is 'stuck'. Every bonus terms I've viewed on NB state 'Bonus can't be removed from account under any circumstances' (and it makes sense to me)

2) Limiting max bet to 0.5 mbtc - wow this is different. He has 80-90% of a monster rollover to complete. How is this fair, how is acceptable? Why isn't Nitrobetting posting in Bonus T&C that 'we can limit you to $0.05 max wager to make clearing any rollover impossible and effectively steal your funds'?

This part really worries me and it should worry anyone depositing there (I'm assuming 90% of players who deposit, are lured by bonus offers). If it takes weeks/months for a regular player to clear a 35-45x bonus, then less than 10% will ever make it to the end - vig is merciless.

This is fine. What is not fine in my mind, is that Nitrobetting reserves the right to slash limits to the remaining 10% players, effectively making this bonus, to use a Solana degen word, a 'honeypot' (can deposit, can't withdraw).

Doesn't this worry you, guys in charge?

I'm really curious if that's supposed to be a website by n2, the original nitrogensports creator/owner. Would someone point me to more relevant reading? Thanks a lot

I've spent hours reading up on Nitrogen (under new management, at last, for the first time since its inception 5+ years ago) and TrustDice. I'm interested if 'anonymous' betting, the way N2.0 envisioned it starting nitrogen sports back in the day, is actually possible.

So far the answer to my research is: F. no

I'm about to sign up. Would anyone like a free referral? Aiming to deposit about $500 worth of bitcoin this weekend. Post your referral code or PM, thanks

Did askgamblers rule this in TD's favor? Not Guilty?

This has a second life now


check dexscreener for (REAL) first memecoin W PROOF

Created exactly 57 minutes ago

Thanks hosse. I'm no bitcoin PhD but by just trying and cancelling my transaction 15 times I figured out that TrustedCoin's fee is NOT flexible.

I appreciate everyone's comments. This forum is really a gem if you're a newbie and don't like to RTFM.

Thanks again, I plan to use up the remaining 19 transactions (I understand the risks now!) and then move on to, probably, just purchasing a 1TB sdd with the money I will have saved by then, and just use Bitcoin Core happily ever after

Paid 1.25 mbtc as expected to Trusted Coin.

Now, I would appreciate if someone knowledgeable told me just one thing:

If I change NOTHING in my set up (I still don't have my seed phrase) and just use password and 2FA.
And I collect 5-6 more payments over the next few weeks/months.

And then I send those payments in one lump sump to another bitcoin address.

Will there be a fee of 1.25 mbtc? If not, when should I worry about it again? How much have I just 'prepaid'?

https://imgur.com/a/2pfvFFR

Finally found 2FA, should be able to move my money shortly. Will report on the fee situation later on.

Thanks hosse and others who contributed, newbies like me need sage advice you so generously provide

Does 'file created 2024-04-13'
definitely mean I first downloaded software and created my wallet back in April (NOT a week ago)?

https://imgur.com/a/WH9D3Qa

So

Seed available: False
simply means the user can't view it (it's like an admin password that you don't need to 'use the wallet software', like view... BUT need to spend funds)

Ok got it.

Seed phrase: I'm an idiot who sometimes doesn't remember very basic things. I'm fixing my life, but I may need therapy in the near future. Some 6 years ago I changed a Bitcoin Core password hastily, thinking I remember the new password; and forgot it (over 0.6 BTC there to this day, and likely forever).

So having gotten that out of the way (lol)

I downloaded electrum walleet on my laptop exactly 1 week ago. I had payments come in during last week. I didn't realize 'seed phrase' even applies here. I didn't RTFM. I was 100% sure that the password - WHICH I THOUGHT FOR A MOMENT I HAD FORGOTTEN BUT ACTUALLY REMEMBERED!!!! - is enough to own/move my funds as I please. I changed my wallet password twice. From the original, to a new one, back to the original. It worked. Phew, right? WRONG!

It wasn't until I created this thread that I realized that not only I won't be able to get out of paying Trusted Coin's fee without seed phrase.

I WILL NOT BE ABLE TO ACCESS MY FUNDS, period, without seed phrase.

I spent hours checking every piece of paper, and every screenshot, and every email address I use. I only have a couple smartphones so checking those was fast. I tested a dozen various wallets in the past (mycrypto, atomic etc etc) so I'm not new to the concept of a seed phrase. I'm pretty sure, no matter how much of an idiot I am, I would have remembered to save it.

Now... having said all that... Please help me figure this out.

I DO NOT BELIEVE I WAS EVER ASKED TO CREATE/REPEAT a seed phrase (it's possible that, an idiot that I am, I forgot 5 minute after I did it, because I'm always doing 3 things at once).

See screenshot attached

https://imgur.com/a/WH9D3Qa

1) Seed available: False... what?
2) File created on 2024-04-13... it's totally possible I downloaded electrum earlier this year and just forgot/uninstalled it. But file was created and used just a week ago when I finally needed to accept payments.
Should I start looking up screenshots for April 2024 and notes I made around that time?

A quick look at that tool tells me that

24 inputs, 1 output

will be approximately 5x the transaction size in kb

compared to

4 inputs, 1 output


And I'm still so, so lost on the whole 'prepaid transactions' thing. Will try to RTFM but boy, have I punished myself for not just going with a standard wallet.

Since we're on the subject of Electrum... once I manage to unload this 2fa-protected wallet...will STANDARD Electrum wallet do what I need it to do:

Collect small payments (0.5 mbtc to 5 mbtc each) for a few months from various senders, and then send the lump sum to another address in a single transaction

?

I used to use Bitcoin Core for this, and it worked like a charm. I am seriously looking at spending extra money for a large Disk just to be able to download 1tb of blocks and use that software again for this purpose.

Am I reading this right?

More transaction 'bundled' like this will cause each outgoing transaction to become larger (more kb) so miner's fee will be higher.

Could you estimate by how much?

4 transactions IN, 1 transaction OUT = x
20 transactions IN, 1 transaction OUT = 2x? or 5x? Or only 1.3x? (what's your best guess)


I'm assuming we're only talking miner's fee here. 2FA fee to Trusted Coin will not grow and doesn't depend on how many transactions I have...right? (I just get charged for every 20th outgoing transaction, regardless of it's size in KB, regardless of wallet type etc)...right?

How would this work, exactly?

After receiving 4 transactions, I send 1 outoing one. I pay extra 1.25mbtc (roughly). And for the next 19 outgoing transactions I only pay miner's fee, no 2fa fee?

Only outgoing transactions count for the purpose of this Trusted Coin's additional (2fa) fee, right?

Does the above count as 1 of 20 transactions? 4 of 20? 5 of 20?

Do you believe the 'additional fee' that TrustedCoin charges, will drop along with reduced congestion?

I don't think it will (just intuition). The miners' fee will decrease but the problem is they want to charge me 20% of my wallet balance. Not 1%, not 5%. 'Small fee' - yeah right.

Thanks sunsilk. I would never imagine trying to gamble for a living.  ;Dheh-heh-heh