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Blockchain Reporter

Why Blockchain Casinos Can Still Take Hours to Pay Players

Blockchain architecture’s major selling point has always been about fast settlement speeds.

Whether it’s Bitcoin’s transaction confirmation time of about 10 minutes, Ethereum’s typically faster turnaround, or Polygon’s instant block validation, this Web3.0 technology has been a major improvement over traditional banks, which can take several days to process transactions.

Therefore, it’s pretty frustrating when playing at a blockchain casino, and you try to withdraw your winnings expecting them to land in your wallet right away, but instead the transaction stays pending for hours – sometimes 6 hours or even longer.

This can be annoying, especially if you are used to fast settlement speeds in crypto exchange platforms.

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FAQs

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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.

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