Quote from: slaman29 on Today at 10:06:23 AM

Quote from: bitnautis on April 01, 2020, 08:35:58 PM

Greetings to all.
Sorry if this is asked before , but i couldn't find the answer:
In order to be protected from bitcoin volatility i was wondering
Is it possible to deposit bitcoins and then turn the balance of my account to euros , and if eventually i want to withdraw then turn again the balance from euros back to bitcoins (obviously at the rate of the time of withdrawal request) ?
Thanks

You have the answer above, but to be specific, I believe you can only withdraw in the currency that you deposit, which is basically the same requirements you would find on any regulated casino (so it helps to prevent money laundering I think is the reason).

So you HAVE to withdraw your bitcoins anyway;)

Thanks ! Obviously i will withdraw bitcoin as i mentioned in my answer ! So the procedure is like this
1) Deposit btc
2) Convert btc to euro (so my balance is not subject to bitcoin fluctuations)
3) Bet
4) Convert back to bitcoin
5) Withdraw bitcoin

Steve could you please confirm this ?

And one more question how you determine the convertion rate between bitcoins and fiat ?

bitnautis

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