BitcoinPenguin

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Last post made 8 years ago by JennaROX
cheetahwind
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  • cheetahwind
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  • BITCOINPENGUIN

    So I'm not sure if this place has been review yet.  Yet here's my review on what I have experienced so far.

    Welcome to what I would call a true hybrid of a casino.  A casino that is all crypto currency, without any of the regular money being messed around with.  The first casino that I have encountered that accepts Bit Coin, Lite Coin, and DOGE coin.

    Now the only reason why I even tried this casino was since I do play with faucets from time to time.  I've been collecting a fair amount of DOGE and Lite Coin for a while now.  I wasn't quite sure what to do with either currency, other than I could exchange it for some BTC.  Yet I figured surely there had to be a use for either one of these currencies.

    So I found Bit Coin Penguin being highly recommended on quite a few forums.  Now if I thought a withdrawal from mBit Casino, BitCasino.io, VegasCasino.io, or Bit Starz was rapid fast.  These guys have either one of them licked.  Literally from the moment I hit the withdrawal button to processing of my withdrawal is literally done within seconds, not minutes.  Seconds, it was amazing to see a casino that for once literally didn't have any hiccups along the way of security checks or they forgot to top off there hot wallet.  The withdrawal was literally on it's way within seconds of my clicking process.

    So anywho, I ended up playing this casino with both my lite coins and DOGE coins.  Lite didn't go so well, I ended up loosing what little coins I did have to Tipsy Tourist and Alkamore's Tower.

    Yet on the other hand my DOGE coins is where the fun began.  Now let me continue on this long review on the fact that DOGE is hell of a cheap currency.  The current cost of DOGE is very inexpensive compared to it's BTC counter part. The current is 0.0000045 BTC per DOGE  So for a gambling currency, your literally betting pennies to play.

    Anywho fast cash outs on all 3 currencies.  Very helpful support staff.  I would highly recommend this casino to anyone.
    Rated:

    5/ 5

  • If they take gcoins I'm in! 

    thanks for the info.

  • Yep they take and pay out in DOGE.  I put in my 10,000 I had accumulated and took out 150,000.  Not too bad, even though too bad it only converted to 0.057 BTC but hey free is free though.

    It's like I said, it's a dirt cheap currency, but I'm not going to complain too hard.  Especially when I was trying to figure out what to do with the silly things anywho.

  • I have some gcoins (a millionaire!) but never had doge.

    From Greg @ greglab:

    GREGLAB on AUGUST 2, 2014 14:11
    We have done something similar to Dogecoin at GCoins except you can have fun & earn GCoins without mining. This is a way in to the Bitcoin world without having tech know how or the financial clout. As users earn GCoin they will have a direct relationship and an interest. All you need is a PC or a Mobile phone. The door is now open.

    They have a few free games where you can win gcoins.  Slots and a light bike (like Tron) game.  I recently received a nice CD from Greg with free gcoins I received from playing.  Would be cool to be able to use them to play and win even more.  I will be checking out the BCP, thanks again!

  • Thanks for the review Cheetah. To me withdrawl speed isn't the most important factor when comparing bitcoin casinos. That's cool its instant but at bitcasino its usually around 1-2 minutes. The most important thing to me is how the casino treats the player. At bitcasino.io I've gotten thousands in gifts, comps, and lottery wins. To me, no other casino will ever match the loyalty bitcasino shows to its valued players. Now if they have a rewards system that will outmatch bitcasino than I'd have a look but until then I stick to place that I know is going to treat me well with physical gifts every month.

    Rated:

    4/ 5

  • I have never played these faucets that you guys talk about. I just couldn't see how they would amount to anything worth while, but now when you say .057 BTC you have my attention. That is enough for a $20 deposit. So where do I go? What do I do? Google Faucets? Wish me luck... here I go! smiley

  • I have never played these faucets that you guys talk about. I just couldn't see how they would amount to anything worth while, but now when you say .057 BTC you have my attention. That is enough for a $20 deposit. So where do I go? What do I do? Google Faucets? Wish me luck... here I go! smiley


    Many of the bitcoin dice sites have faucets but they give you a mere fraction of a millicent and to run that up to $20 would take a miracle. I've at times used the faucet to test out some sites but in no way would I ever spend hours grinding the faucet to make 50 cents or a dollar. I've been around bitcoin since 2011 when it first became in the headlines and since the dogecoin/litecoin have popped up but I have zero interest in any altcoins. Just my opinion though. I think you're better off purchasing bitcoin or playing poker freerolls at betcoin.tm to build up a bankroll. Every Friday night (USA time) they do a very generous 1 BTC freeroll with only about 50-60 players. I've cashed out almost .3btc just doing the weekly freerolls.
  •             I'm curious, I'll try 'em out.  Thanks for the tip Cheetahwind.  I'm  always interested in new Bitcoin sites.    Fast payouts  ARE important to me.  Customer service is another huge issue for me.  I  know Bitcoin and I have to admit I've never tried any of the alternate currencies.  Sounds like a good way to really make a dollar stretch.

  • I agree with trayber the faucets are very slow in earning bitcoins but what i do is earn a decent amouny then deposit them into a dice site like pocket dice rolling casino then from the winnings there maybe take it to freebitco .io and hit some high low there, this will often in my case allow me to do a minimum deposit at bitcoin penguin, princess star and betchain back in the day  thumbs_up

    Rated:

    0.5/ 5

  • Well anywho, since this thread has completely derailed onto faucets anywho.

    I'll go ahead and update, apparently most of the higher paying faucets have officially had to slow down the amount they gave or even shut down.  Due to apparently Google pulling advertising revenue away from this sites this last week.

    So faucet earning may have finally come to an end.  I really though earning the few DOGE was fun, I gave up on BTC.  Mainly because you weren't really amounting to anything.  Yet the earning DOGE and playing games with them every Sunday was sort of fun.

    I'll update if they win there case again Google.

  • what the heck is a Faucet???


  • what the heck is a Faucet???


    That's what I said! Then as soon as I was ready to investigate, Cheetah says they are out of business or something. smiley I guess they spill free Bitcoin if you are lucky enough to win a jackpot. smiley
  • Faucets are basically a way to volunteer to get spammed in exchange for a few satoshi (1,000,000 satoshi = 1,000 millibitcoin (mbtc) = 1 Bitcoin (BTC) )

    All you have to do is solve a capthca and usually disable any ad blockers, some allow you to repeat every few minutes, some longer. 

    Once I did a bunch for 10-15 minutes, made about 4 cents worth of bitcoin and prob will never bother again.

  • We have placed a warning on this casino because there is no license therefore, cannot be trusted. Also be leery of some player reviews because the site offers free bit coins to players for advertising on forums.

    Cheetah you always give fantastic feed-back on casinos and not intended towards you.

  • No it's all good, I understand if you can't find any information about license.  I just find it hard to believe that Soft Swiss would allow a casino to use there software with any sort of license.

    Did this information come from there affiliate rep?

    Also where did you find that they were paying players for reviews?  Just wondering

  • Also regarding the faucets, essentially if you play at  a decent faucet.  The ad spam would be limited if you were working with a decent faucet.  Anywho, I'm gathering information regarding the non license.  I'll be back in a few minutes with a separate post on that issue.

  • Apparently it's a white label casino, Soft Swiss has confirmed, there operating under Soft Swiss's license.


    BitcoinPenguin is operated by SOFTSWISS N.V., a company registered and established under the laws of Curacao. SOFTSWISS N.V. is licensed and regulated by Antillephone N.V.. SOFTSWISS N.V.’s registration number is 131879 and its registered address is Wilhelminalaan 13, Willemstad, Curaçao. Nabelse Holdings Limited is a subsidiary of SOFTSWISS N.V., registered in Cyprus with registered address Kimonos, 434 P.C. 3095, Limassol, Cyprus.


    So in other words if a place desires you can open up a white label Soft Swiss casino with little to no effort.  Yet I would think posting this information somewhere on the web site would be key.
  •                 Hey Cheetah,  I saw your post on this place and decided to try it.  I've been playing at Bitcoin Penguin for over a week now.    I  love being able to use Dogecoin  if I don't have a lot of money.  The first
    deposit I made I put in only like 5 or 6 bucks worth and played for hours ! !    Played a few times since,  no problems.  And by the way,  you were right,  they do pay fast!    It should be noted that one has to do the whole exchange thing  first.  (BTC  to  Doge or Litecoin)    Good to hear their license is good.  Thanks for the tip.

  • Oh geez, now I am really flustered! I appreciate Trayber, Cnichas, Bongo FinallyFinally & Cheetah for sharing their experience with Faucets.

    Lips, thank you for the warning. I love that LCB keeps us current on that type of information because Heaven knows it is important but I have never even thought to investigate without being told to. Oblivious gambler is an ignorant gambler is a broke gambler.  wink
  • Cheetah you know you are my "go to guy" for all things Bitcoin, so it's great to see you in action; gathering all of the necessary information to share with all of us. Thank you for always being so thorough. I certainly appreciate you sharing all of the information that you distribute throughout LCB..

  • No it's all good, I understand if you can't find any information about license.  I just find it hard to believe that Soft Swiss would allow a casino to use there software with any sort of license.

    Did this information come from there affiliate rep?

    Also where did you find that they were paying players for reviews?  Just wondering


    Yes the fact that SOFTSWISS is also instrumental in helping new casinos with licencing it is very hard to believe. It was confirmed by customer support there is no license after not finding it anywhere on their site.

    As far as getting free bitcoins it is part of their Refer a Friend program therefore this will create a lot of honest and unfortunately dishonest reviews by players.

  • Apparently it's a white label casino, Soft Swiss has confirmed, there operating under Soft Swiss's license.


    BitcoinPenguin is operated by SOFTSWISS N.V., a company registered and established under the laws of Curacao. SOFTSWISS N.V. is licensed and regulated by Antillephone N.V.. SOFTSWISS N.V.’s registration number is 131879 and its registered address is Wilhelminalaan 13, Willemstad, Curaçao. Nabelse Holdings Limited is a subsidiary of SOFTSWISS N.V., registered in Cyprus with registered address Kimonos, 434 P.C. 3095, Limassol, Cyprus.


    So in other words if a place desires you can open up a white label Soft Swiss casino with little to no effort.  Yet I would think posting this information somewhere on the web site would be key.


    That is confusing because see this statement basically says SOFTSWISS is a licensed software but it does not state the casino itself is. If you were to look at most casinos there are two separate licenses listed one for the software, the other for the casino including where they are regulated.

    Hopefully the casino can straighten this out and confirm they are licensed and LCB can remove the warning.
    Rated:

    0.5/ 5

  • Actually it was the live help that provided me with this information.  So I'm not sure why they didn't provide you with this information.  If you would like I could see if I get the Soft Swiss rep themselves on this forum to help answer things.

  • This will require further investigation. I will let Zuga know and see if we can get this settled.

    I appreciate your help in this matter cheetah, as usual you are quite helpful  smiley

  • Like many other Cryptocurrency gambling sites, they market themselves as an "Anonymous Casino"

    I believe "anonymous" includes the owners as well as the players, which has to make it impossible to get a license (I think)

    Personally I trust them and believe they are less likely to behave unethically than most licensed casinos. (I think many "licenses" are a joke tbh, but I'll save that for another thread)

    A friend of mine deposited .5 BTC last may and ran it up pretty big.  Within 90 minutes he had cashed out 20 BTC, 5 at a time(get balance up to 7 - 10 BTC, withdraw 5, repeat) , each withdraw was sent within 2 minutes.  They aren't a huge site, but I've only ever heard good things about them on bitcointalk.

  • One more thing:

    I am not an expert, but I believe that most/all other SOFTSWISS casinos operate under the same "license" as BitcoinPenguin. 

    "company registered and established under the laws of Curacao. SOFTSWISS N.V. is licensed and regulated by Antillephone N.V.. SOFTSWISS N.V.’s registration number is 131879"

    It seems to me like SOFTSWISS has a franchise model selling software license packages which include access to their license.

    If a car rental rented cars that came with drivers licenses, would that be much different?

    I'm making assumptions here, mainly that whoever licensed SOFTSWISS isn't vetting every casino that SOFTSWISS gives their license to as if they were applying themselves.

    Also, I'm not implying that any of these sites shouldn;t be trusted. 

    I AM implying that most gaming licenses should have little influence on whether we believe a casino will act ethically in the future.

    Rated:

    5/ 5

  • So while I've been playing this weekend with my DOGE faucet money.  I'm not sure if I'm the only one who's experiencing this or not.

    Yet it would just seem as if the software on both Soft Swiss's and Bet Soft's end was both rather laggy and slow to load.  Especially the Bet Soft games were just horrible.  5 minutes to load a game, another 5 minutes to load a bonus round.  The whole thing could put a guy to sleep while waiting for his game to continue/finish.

    Then on occasion I would even get with Bet Soft's software the occasion you've been disconnected due to excessive delay errors.

    Soft Swiss's software doesn't seem so bad, as the load times aren't so bad.  Yet there was the occasional delay of card deals or spins completing as well on there end.  Making me think I was going to get a game crashed message.

    I just wasn't sure if it might be my connection as they state or what the story was.

  • So did you folks decide on the future of this casino?

    So far I've had 3 cash outs from them no problems, but that doesn't mean much if there's a strong belief there's no license.

  • Actually makes that 4 cash outs, 1 for 300,000 DOGE, 2.5 BTC, 500,000 DOGE, and other 500,000 DOGE within the last hour.

    I'm not sure if there seeing my reviews and allowing me to win twice in one weekend or if it's just luck.  Yet all withdrawals were paid within minutes, not hours or days.

    I'm a happy camper at least.  Plus the occasional freebie makes me a happy camper too.

  •           Hey Cheetah,  I've been there a couple weeks now and I like it.  You can take credit for a referral if you'd like.    You were right about how fast the transfers/withdrawals are.  I haven't  had  any problems  that
    would  make me suspicious about anything  so I hope this whole license thing works out.      Congrats  on your big wins. 

  • We have confirmed they do not hold a license and are not regulated. So the warning about this casino is to stay.

    Players will have no protection in case of potential dispute, and this is why we strongly recommend to avoid this place.
    However if you still choose to play there it will be at your own risk.

  • Hello cheetahwind,

    Thank you for your honest review of Bitcoin Penguin. As you may know, they are working for about 2 years, and since then there were just few serious issues with players. As for the license, as Bitcoin casino, Penguin does not hold a license. However, as a Platform provider, SOFTSWISS bears a financial obligations for players' funds and will fulfill them in full, if it will ever be necessary. However, I think it won't be ever needed, because Penguin is making enough money for not to even think about deceiving players, and with instant cashouts there are not so much money on players' accounts

    Hope this help.

    Cheers!

    Viktar.

  • Cheetah who is Viktar? Does he work for the software company? The licensing entity?

  • I cashed out 1.2 btc from Penguin last night smiley
  • He would be the representative from SOFTSWISS that I have contact with.  I understand the warning I do, but just figured I would throw in Soft Swiss's side to the situation as well.

    Also awesome on the cash out.  So far Bit Coin Penguin has been really lucky for me as well.  Then again I've been having luck all around.  I'm going to be posting a new screen shot here in a moment of something I hit last night. smiley

  • ME TOO! Cheetah, I have  been so lucky at that Penguin place! So, I tried the Doge coin thing that you talk about & guess what? I bought $15 worth of doge put $10 of doge into Penguin & withdrew $93 of doge about 5 mins later! smiley

    $10 doge = 35,000.00 doge
    I cashed out 324,000.00 doge! smiley  = $90

    Zuga, I appreciate the warning, too! Without you & LCB, I would never have discovered BTC or Doge! In the 3-4 years I played before I discovered LCB, I would never have imagined the profits & knowledge that I have attained just from participating & absorbing information here! Thank you for everything, always! You guys are the best!

  •             Wow, that's awesome Jenna !  I love the alternative currencies they offer.  I  have been playing there
    for a few weeks now.  I have had no problems with deposits or withdrawals....very fast.

  • I didn't anticipate making any deposits today, I did a tour of my regular casinos to see what kind of remaining balance I had, if any. I had .00328 BTC at Penguin. I headed over to Alkemor's Tower & my balance read 3.28 so I could spin roughly 5 spins of sixty cents.. On the third spin, I hit this & cashed out .127 which is about $55. I used that coin to deposit at Extreme & VegasCasino.io.

    Once again, thank you Cheetah for your advice! smiley



    Rated:

    5/ 5

  •               NFW!!  That's awesome Jenna!  That game gives me fits.  Cool graphics and I like the bonus rounds  on it but I struggle  trying to get it.  Great job.

  • That game is like Elway for me... the comeback kid! I usually make at least my deposit back in this game & then withdraw it & redeposit banking the excess. It's particularly good when playing the doge coins. I like stacking those up in my wallet.
  •                 Good point,  especially the way mBTC are now getting so pricey.    That whole Doge thing is great.  Cheetah definitely did us a solid bringing our attention to Doge.  I never really thought of it before  'cause I'm so use to the Bitcoin experience.  Really stretches the play time.

  • IMPORTANT:

    If you use circle or coinbase, NEVER send bitcoin directly TO or FROM a gambling website.

    Always send from circle/coinbase ---> your wallet ----> Gambling site.

    They follow regulations and close accounts that send bitcoin directly to casinos. (darknet markets as well)

    Also, I always encourage everyone to be in control of their bitcoin and by not using a website like blockchain except to keep small ammounts for mobile access.

    There's nothing to suggest blockchain is going to steal your bitcoin, but you're really just giving your bitcoin to a third party who sends it where you want for you.  (Mt Gox used to be what everyone used, which ended very very badly)

    Electrum is probably the easiest to get set up. electrum.org 

    It will create a seed that looks like this:

    relax armed funny tumble tree trophy junior fit raw hockey subject system abstract


    This is the key to your wallet, if you know those words, you will be able to access your bitcoin from anywhere in the world.  (along with your password if you encrypt)

    From there you will have infinte address created for sending and receiving bitcoin.
  • Heh I posted that comment in the wrong thread ( ooopps  had two tabs open didnt realize  shocked)

    I meant to post it in this thread: https://lcb.org/onlinecasinobonusforum/casino-banking/bitcoin/new/#new

    I dont think i have edit/delete available, mod can delete these both, sorry (i reposted in other thread)

  • Nice win, yeah BTC is just getting downright expensive.  It's crazy, especially for a currency they want to become mainstream.

    Anywho, so far it seems as if this place is on the up and up.  Hopefully someday we can get the warning removed, but for now what can one do.

    Hopefully everyone is having a nice weekend, I'm back to working overtime again.  It's kicking my ass big time.

  •               Hey Cheetah,  (Penguin) earlier today I cashed out some Doge  and I had to leave the site to give an email confirmation  and  by the time I returned to the site,  the withdrawal was processed exclamation
    Very impressive.  And yeah,  BTC  is going through the roof.  Like I said earlier,  I wish I had bought a bunch sooner .

  • Pst, making the 35 times play through on the freebies is possible.  Just takes some will, really hot slots, and patience.

    I got 0.4 BTC free from them earlier today.  I turned it over the required 14 BTC and cashed out an amazing 4.3 BTC.  I was rather stoked.  I also had some amazing results on slots that I had wished I had kept a screen shot of but oh well.

  • So apparently I have some unfortunate news for those who win on a bonus on the weekend.  Apparently there hot wallet runs out quickly.  Therefore you have to time your withdrawal right, so far I've gotten 3.8 BTC of my 4.3.  Yet apparently not getting the other 0.5 BTC seems to be tricky.

    I'm starting to slightly understand why having an automated process for these withdrawals and not having proper staff on the weekend to process these speedy withdrawals is bad thing.  So far yes I have gotten the majority of it, yet this last 0.5 BTC is going to be the death of me and live chat.

  • Finally live chat said I came in at the right time and got the rest of the coin.  I swear for DOGE they seem great and my 2 BTC withdrawals prior to this went without a hitch.  Yet this 1 withdrawal took a bit longer than I would have expected for a casino that touts speedy cash outs.  Oh well good news to report that I have been paid in full finally.

  • Excellent news Cheetah! Every one of my cash-outs has been instant but I have never cashed out more then that 1.2 BTC a week or so ago. Congratulations to you, again!
  • PS... Maybe you cleaned them out?  laugh_out_loud laugh_out_loud I think I saw them trying to buy more coins to keep up with your success!  wink  Just teasing you, of course!

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