Bitcoin Forum

Economy => Lending => Topic started by: OshiTravin on June 15, 2016, 09:19:00 PM



Title: Bitcoin Casino that has Loans?
Post by: OshiTravin on June 15, 2016, 09:19:00 PM
I've been getting a lot of feedback from users that they would like to see a lending feature on our casino. I'm not quite sure of it moving forward as we would need some sort of collateral to make sure that we don't lose money from handing out loans. Given that it's easy for users to just create new accounts, non-collateral loans are out of the question. Is there a casino out there right now that gives loans? I'm thinking of come quick collateral ideas right now but none seem to come to mind. Just ones that involve a long process and KYC (moving fiat to a bank account, etc.)


Title: Re: Bitcoin Casino that has Loans?
Post by: DebitMe on June 15, 2016, 09:24:48 PM
You can probably be quite profitable doing this if you take alt coins as collateral and only accept 120% on the loan value as collateral. Most people will end up losing the money they borrowed to the casino anyway, then you end up making an extra 20% on the collateral.


Title: Re: Bitcoin Casino that has Loans?
Post by: Dogedigital on June 15, 2016, 10:27:41 PM
Currently, no there isn't any that I can think of.

In the future, there will be.

I checked out your site and think it will be quite tricky for you as you seem to accept visa, neteller, and other fiat forms of payment.


Title: Re: Bitcoin Casino that has Loans?
Post by: KenR on June 15, 2016, 10:51:43 PM
There isn't and its probably a bad idea to.Bitcoin lending platforms are not doing very great at the moment.A shit ton of scammers have to be dealt with everyday.You will have half the traffic for seeking loans rather than gambling ,bad thing for gamblers too.Maybe if a gambler on your website reaches a level such as staking minimum bankroll of 1BTC then he is eligible for loan of 0.10 concept is used,you can have a fair deal.


Title: Re: Bitcoin Casino that has Loans?
Post by: OshiTravin on June 17, 2016, 01:41:47 AM
You can probably be quite profitable doing this if you take alt coins as collateral and only accept 120% on the loan value as collateral. Most people will end up losing the money they borrowed to the casino anyway, then you end up making an extra 20% on the collateral.

Hmm that's an interesting suggestion. We'd risk the altcoins going down in price though if the market changes considerably, but I'll keep that in mind :)

Currently, no there isn't any that I can think of.

In the future, there will be.

I checked out your site and think it will be quite tricky for you as you seem to accept visa, neteller, and other fiat forms of payment.

Yeah, it would be a bit difficult for us, but if it would be something that's really in-demand, we may go for it :)

There isn't and its probably a bad idea to.Bitcoin lending platforms are not doing very great at the moment.A shit ton of scammers have to be dealt with everyday.You will have half the traffic for seeking loans rather than gambling ,bad thing for gamblers too.Maybe if a gambler on your website reaches a level such as staking minimum bankroll of 1BTC then he is eligible for loan of 0.10 concept is used,you can have a fair deal.

Hmm, that idea of a limited system might be good, but I think we'd still need to have some collateral. I think with that in mind though if we do end up offering loans we'll probably have restrictions on who can get them.

Thanks everyone! :)