Funding Rainbet with Bitcoin: what to prepare and what to avoid
With Rainbet Bitcoin, BTC can go in and come out. One confirmation on the Bitcoin network credits a deposit, and that typically takes around 10 minutes.
How does Rainbet Bitcoin work?
With Rainbet Bitcoin, BTC moves between your own wallet and your Rainbet account. Rainbet supports nine coins, and Bitcoin is one of them. Rainbet puts crypto first.
| Detail | Bitcoin at Rainbet |
|---|---|
| Ticker | BTC |
| Deposit credited | After one confirmation |
| Approximate confirmation time | Around 10 minutes |
| Minimum withdrawal | The equivalent of $15 |
| Withdrawal time | Typically 5 to 15 minutes |
| Before withdrawing | A crypto deposit has to be wagered once |
How do you deposit Bitcoin?
- Sign in at rainbet.com.
- Begin a Bitcoin deposit in your account and follow the steps on screen.
- Copy the BTC address that appears there.
- Send the amount from your wallet or from an exchange.
- Wait for one confirmation, after which your balance updates.
Bitcoin should go only to a Bitcoin address. Sending on the wrong network can't be undone.
Why does a Bitcoin deposit take around 10 minutes?
A new block arrives on the Bitcoin network about every 10 minutes, and Rainbet credits a deposit after one confirmation. The network therefore sets the wait. When the network is busy, a transaction with a very low fee can take longer.
How does Bitcoin compare with the other coins?
Of the supported networks, Bitcoin confirms the slowest. Several others credit in under two minutes, so they suit you better if speed counts for more than the coin.
| Network | Approximate confirmation time |
|---|---|
| Ethereum, Solana, XRP | Under 1 minute |
| BNB Smart Chain, Tron | Under 2 minutes |
| Litecoin | Under 10 minutes |
| Bitcoin | Around 10 minutes |
What do you need before a Bitcoin deposit?
- A Rainbet account. Signup asks for an email address.
- Bitcoin held in a wallet or on an exchange that allows sending it out.
- Enough to pay the network fee as well as the amount you send.
- A decision about the welcome bonus, as you opt in ahead of depositing.
Which mistakes cost people money?
Common mistakes follow, and each one can be avoided.
- Using the wrong network. Bitcoin sent as a wrapped token on a different chain doesn't count as a Bitcoin deposit.
- Entering an address by hand. Copy and paste it every time.
- Sending to an address taken from a message or web page. Use just the address displayed inside your own account at rainbet.com.
Blockchain transfers are final, with no chargeback, so a minute spent checking pays off.
How do you follow a transaction?
Each Bitcoin transfer has a transaction ID. In any public block explorer, pasting it in shows whether the transaction is still waiting or already confirmed. Because Rainbet credits the deposit at one confirmation, the explorer tells you how near you are.
What are the fees?
No withdrawal commission is charged by Rainbet once your deposit has been wagered once. The Bitcoin network charges its own fee on each transfer. Rainbet describes Bitcoin and Ethereum fees as lower than most banking equivalents in normal conditions, and they climb when the network is congested.
How do you withdraw Bitcoin?
- See that the deposit has been wagered once. This is the 1x wager lock on crypto deposits.
- Check that your balance is the equivalent of $15 or more.
- Begin a Bitcoin withdrawal in your account at rainbet.com and follow the steps on screen.
- Paste your own BTC address and confirm the amount.
Typically, withdrawals take 5 to 15 minutes. Rainbet withdrawal has the complete rules.
Does the Bitcoin price affect your balance?
Yes. In dollar terms, a balance held in BTC goes up and down with the Bitcoin price. This can help or hurt you, and it has nothing to do with what happens in a game. USDT and USDC are designed to follow the dollar.
Check the address again before every transfer. Copy and paste it, then compare its first and last few characters.
Is Bitcoin play provably fair?
The coin you deposit has no effect on how games work. Rainbet Originals are provably fair whichever coin you use, and Rainbet provably fair shows how to check a result. Slots and live tables depend on their providers.
Where to go next
If you're new, Rainbet registration covers opening an account, and Rainbet bonus explains the welcome paths you can opt in to ahead of a first Bitcoin deposit.
Is Bitcoin the right coin for a small deposit?
With small amounts, a network with low fees leaves more of your money intact. Fees on Tron, Solana, BNB Smart Chain and Litecoin are described by Rainbet as a fraction of a cent to a few cents.
Which other coins can you use?
Besides Bitcoin, Rainbet supports ETH, LTC, XRP, SOL, TRX, BNB, USDT and USDC. Gift card deposits powered by Kinguin are one more way to add funds. The table above gives the confirmation times for each network.
Questions and answers
How much time does a Rainbet Bitcoin deposit take?
A Rainbet Bitcoin deposit is credited after one confirmation, which takes around 10 minutes on the Bitcoin network.
What is the smallest Bitcoin withdrawal at Rainbet?
The equivalent of $15.
Is there a Rainbet fee on Bitcoin withdrawals?
No commission is charged after the deposit has been wagered once. The Bitcoin network fee still applies.
Is it possible to withdraw Bitcoin immediately after depositing?
Not immediately. Every crypto deposit carries a 1x wager lock, so the deposit must be wagered once first.
Which coins confirm faster than Bitcoin at Rainbet?
Ethereum, Solana and XRP confirm in under 1 minute, while BNB Smart Chain and Tron take under 2 minutes.
Credited after one confirmation
Expect around 10 minutes for Bitcoin.