Bitcoin at BAKS.BET: how BTC is credited, converted and withdrawn
Bitcoin is accepted and paid out on its own network, the Bitcoin chain, at BAKS.BET. Your balance is kept in US dollars, so a BTC deposit is converted to USD at the rate fixed at the moment it is credited, after 2 confirmations. The minimum deposit is $10 and the withdrawal fee is $5. When you withdraw, the rate is fixed at confirmation and an FX spread of 0.8% applies. In other words: you play in dollars, and Bitcoin is the road in and out.
Key facts
- Network
- Bitcoin (BTC)
- Min. deposit
- $10
- Confirmations
- 2 (about 20 minutes on average)
- Withdrawal fee
- $5
- Conversion
- to USD at the rate fixed on credit
- Withdrawal rate
- fixed at confirmation, spread 0.8%
- Withdrawal limits
- from $10 to $10000 per request
Supported networks, minimums and fees
| Network | Standard | Min. deposit | Withdrawal fee | Confirmations |
|---|---|---|---|---|
| BTC · Bitcoin | Bitcoin | $10 | $5 | 2 |
Withdrawals: from $10 to $10000 per request. The figures are the current defaults; the cashier always shows the live values before you confirm.
Depositing Bitcoin step by step
Open the deposit page, choose BTC and the cashier shows your personal Bitcoin address with a QR code. The address is generated for your account from our HD wallets and is different from the addresses of other players. Send only BTC to it, from a wallet or an exchange that lets you paste an address.
After you send, the deposit goes through the statuses you can see in your account: awaiting confirmations, confirmed, credited. If the amount is lower than $10, the status becomes below minimum and the deposit is not credited, so check the minimum before you send, particularly when your exchange takes its own fee out of the amount.
How fast is Bitcoin
Bitcoin is the slowest coin on the list, and that comes from the chain, not from us. Blocks appear about every ten minutes, and the deposit needs 2 confirmations, which is about 20 minutes as a rough figure. A transaction with a very low miner fee can wait for the first confirmation much longer, because miners pick better-paid ones first.
So Bitcoin is a poor fit when you want to start playing within a minute. If speed matters, look at Litecoin or a stablecoin on a quick network such as USDT. If you are not in a hurry, send the transaction with a normal miner fee and let it settle.
Price handling: what the rate means
BTC is a priced coin, and the balance in the casino is in dollars. At the moment the deposit is credited, the amount in BTC is converted to USD at the current rate, and that rate is fixed. From then on, price swings no longer change your balance: if Bitcoin falls the next hour, your dollars are the same; if it rises, they are the same, too.
The exposure to price therefore lives in the time between sending and credit, which is the confirmation window of about 20 minutes, and in the time between a withdrawal and the moment you sell the coins you receive. When you withdraw, the rate is fixed at confirmation, with the spread of 0.8% included, so check the figure on the confirmation screen before you accept.
Withdrawing BTC and the fee
Go to withdrawals, choose BTC, paste the destination Bitcoin address and enter the amount in dollars, from $10 to $10000 per request. The Bitcoin network fee is $5 and is shown before you confirm. These are current defaults; the cashier always shows the live values.
Every withdrawal is reviewed by a person, usually within 30 minutes, not guaranteed. You can watch the status: created, in review, approved, signed, sent to the network, completed. While the request is waiting you can cancel it and the money returns to the balance. If a single withdrawal, or the total of the withdrawals over 30 days, is $5000 or more, you may be asked for verification. Remember that a withdrawal during an active bonus cancels the bonus, see the wagering guide.
Typical Bitcoin mistakes
The common ones are sending BTC from a service that wraps Bitcoin on another network, pasting an address of a different coin (Litecoin and Bitcoin Cash addresses look alike to a quick glance), and sending an amount that falls under the minimum after the exchange subtracts its fee. Look at the first characters of the address and use copy-paste, not retyping.
Do not send BTC to a USDT or ETH address. A wrong network means lost funds, and the cashier says so. No memo or tag is needed for Bitcoin. For a general walkthrough see how to withdraw.
Who Bitcoin suits and the risks
Bitcoin suits players who already hold it and want to use it without swapping into another coin first, and those moving larger sums who value the long track record of the chain. It is less convenient for small amounts: the network fee of $5 weighs more on a small withdrawal.
The main risks are price movement while the deposit confirms and while you hold the proceeds, plus the usual house edge in the games, which Bitcoin does not change. Play only with an amount you can lose, 18+ only, and keep an eye on the slot RTP guide to understand what the numbers in the game info panel mean.
Frequently asked questions
How long does a Bitcoin deposit take?
The deposit is credited after 2 confirmations, which is about 20 minutes on average on the Bitcoin chain. A low miner fee can make the first confirmation slower. The status in your account shows where the transaction is.
At what rate is my BTC converted?
At the rate fixed at the moment the deposit is credited. After that your dollar balance does not change with the Bitcoin price. The time you are exposed to price is the confirmation window.
What is the minimum BTC deposit?
The default is $10. A deposit below it is not credited, so count the exchange fee before you send. The cashier shows the current live minimum next to the address.
Is there a spread when I withdraw BTC?
Yes. For priced coins the rate is fixed at confirmation and the FX spread of 0.8% applies. Together with the network fee of $5, this is shown before you confirm.
Do I need a memo or tag for Bitcoin?
No. Send BTC to the personal address from the cashier, on the Bitcoin network only. Never use that address for other coins, and never send BTC to an address meant for another network.
Can I cancel a BTC withdrawal?
Yes, while the request is still waiting for review, and the funds return to the balance. Once it is signed and sent to the network, it cannot be pulled back.
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Updated: 2026-11-04. 18+. Gambling can be addictive: stake only what you can afford to lose.