Bitcoin Forum

Hey, I am developing a gambling site and I need advice on which stable coin to select. I am thinking about DAI, BUSD, or Tether. Which one has less fees on transactions? BUSD? any other suggestions?

Tether has the highest trading volume, I will advice you to use it, let it support TRC20 USDT for low fee because the Omini layer and the ERC20 USDT have high fee but there is nothing bad to also included it.

I think there are still some altcoins that you might be able to use because what you are looking for is very cheap transaction fees, such as TRX, which in my opinion currently still has a good chance.

I would suggest you use TRC20 USDT because the current TRC has a lot of measurements for business and ERC20 is high fee.

My players has limited knowledge about the types of tether and generally the crypto. It must be something simple.

BUSD is a new coin with lots of potential. However, I believe gamblers prefer USDT among all because of the high volume and being familiar. Moreover, USDT has been built on various chain such as Omni, Erc20, Trc20 or Bep20. You can choose Trc20 for faster transaction with much lower fee

In conclusion, usdt is the best stable coin at the moment.

It's not always about the coin that has the lowest gas fee, make sure that USDT is available on your platform and also few other stable coins too because some like DAI and some like USDC so anyone can use whatever stable coins they own without the need to swap them for another again

Since you are most concern about the fee, USDT TRC variant is the best. You already select the best base on the stable coin you have listed except you are considering other crypto that are non stablecoin

Can't you just add all of them for the preference of everyone and that's a good option if you're going to be with a stable coin? But if it's with USDT then I would agree with the trc20 protocol because of the fees.
AFAIK, there's also USDT for Bep20.

I think he's going to build a casino that's focusing for with stable coins.

DAI is the best of them all but in terms of fees, we know that DAI is an erc20 token which means in runs on the Ethereum network, and we all also know that fees on Ethereum network right now are crazily high, this automatically disqualified DAI.
BUSD is binance usd, this is also good but I wouldnt trust any stable coin coming from binance as we all know the the platform is highly centralized though the fees are very low when compared to other stable coins like DIA and erc20 USDT.
My suggestion is that if fees is not a major concern, then go with DAI as it is the best and most decentralized stable coin in crypto, but in a situation where fees is highly crucial, then I suggest you for with TRC20 USDT, this is USDT on tron network, tron blockchain have done alot of improvement lately and the USDT issued on Tron network is already very popular as it is one of the most used in exchanges now due it its extremely low fees, so better to go with TRC20 USDT instead of the ERC20 version.

its a player vs player roylette and blackjack. its not exactly casino. I will just take fees from the games played and players will win each others money not mine.

It can accept all types of coins, however I was thinking about stable coins to be more easy for the players to know how much they are betting.

what do you think guys?

At the first, I couldn't imagine how PvP on roulette game would be going. Meanwhile, after thinking about the possibility of the game whether is it would be something like betting on the color (black or red) or numbers (high or low), right?


I think USDT is enough to fill up your main goal since it is available on both network erc20 and bep20 which is known to have low fees.
You can add more kinds of currencies if the platform getting lots of users and the demands to list another currency.

Tether (USDT) is a multi-chain token available on several different blockchains. It has been issued on a number of networks including Omni, Ethereum, Tron, EOS, Liquid, Solana and Algorand. The most common are USDT based on ERC20 protocol (Ethereum) and USDT based on TRC20 protocol (Tron).

Choosing one for your platform is entirely up to you.

Do the recent opportunity from the difference blockchain. There are so many competitors we have to minimize the transaction cost. Now I'm using Tether TRC-20 tokens but BUSD transaction costs are also low. But here both are centralized where DAI is better. If you have one option, then you can use Tether on Tron blockchain.

Aside from ERC20, other options are also cheaper but go for TRC20 for a faster transactions and since many prefer this one on using in gambling. Good luck on your gambling site mate, I hope to see it soon and its also ok to add more deposit options especially altcoins like DOGE and LTC, they are also cheap though its not a stablecoin but gamblers would love to see that option too.

thanks guys. I think Ill use the tron and maybe ill convert it to stable coin in the end. and I will add the rest deposit methods as you advised. I will add all coins that my hardware wallet accept.

Why don't you just use all of them?

What you need a stable coin that used the scalable platform. BUSD and USDT TRC20 is scalable enough because each transaction needs only a few cents as the transaction fees.

You can also use DAI that based on the BSD or polygon.

He can sure use all of the available Stable coins on the market and even though there is a fee for a particular stable coin I think it will not hit that hard like ERC-20 did, in my opinion, USDT, is the most notable stable coin that is mostly used for trading, gambling, and transfer because of its small fees and notable name, while XRP is well known aswell number 6 spot next to USDT, and mostly this is the stable coin I mostly used when transferring my funds to Binance, stake.com, and other apps I used when making transactions.

Transaction fee is related to the chain on which one stable coin operates. There are many chains that support Tether USD. If it is ERC-20, fee is crazy high. If it is TRC-20, it is low and nearly free.

Other chains for USDT can be HECO, SOLANA, MATIC (Polygon), BSC.

You can consider BUSD too.
https://www.coingecko.com/en/categories/stablecoins

You know that stablecoins are centralized and can be frozen and seized by those who control them? This means that BUSD and Tether are out of the question, because when your gambling site will gain enough volume, someone will notice it and your wallets could get frozen.

DAI and other algorithmic stablecoins is the only option, although you should research if they are fully immutable or also have "backdoors".

Tether is the most popular stable coin and I think it would be the best to choose Tether, but already long time the Ethereum blockchain has been heavily overloaded and therefore it is not worth choosing Tether ERC-20, so now people more use Tether TRC-20, since the fees on the tron blockchain are much lower than on the Ethereum blockhain, and of course transactions through the Tron blockchain are also carried out very quickly, so I think the choice is obvious here, but of course it's up to you to decide.

Using tron will be good as that coin have a low fee of the transaction. Maybe you can add more altcoins that have a low fee, like tron. Usdt base on trc20 can be a good solution as the fee is not too high compared to etc20.

If your site is new, maybe you can test one by one of the stable coins to find which one will work perfectly for your site. And then, you can add the altcoin and bitcoin and ask for a review from the tester so you can get more suggestion from them.

I suggest taking them all. Fees could somewhat change, so this will not matter a lot of what stables coin to accept but have to think the needs of your client and I think they are certainly looking for more possible options, not just one.
You can never tell which stable coins have a higher demand unless if you try them. In fact, you can disable any of them if you think it was not really needed. What I wanted to tell is that it needs some trials just to find out if that really works or not, or to have additional options.

You got a simple answer for your question!

Any stable coin not using "ETH-chain" you can choose a stable coin running on "TRX & BUSD" the fee for transaction stable coin from the exchange around 0.5-1$ for TRX chain and free charge until now on binance without any fee at all on "BUSD".

I didn't think about the volume. I think I'll stick with Tron as main deposit method and maybe I'll keep my balance in BTC. or trx. Which is the most stable coin to hold my balance? This 2 are good? I see trx is somehow stable.

BUSD is a native binance chain token and binance smart chain has very low fees and almost instant transactions. USDT and USDC can also be used on binance smart chain though you can transfer them between the Ethereum and the binance smart chain network by using one of the bridges out there for example binance bridge. So i guess stalbe coins that run on BSC are a very good choice for you. There will probably be other chains around that are also having low fees and stable coins but i don't know about that to be honest.

Tether or BUSD.

I think both of them are pretty common but tether is by far a lot more common and widely used

I've heard anyone using DAI so I would advise you to ignore that one.

Tether on Tronchain works very cheap. It is too expensive on Omnichain and Eth however.

I get it, that's like a PvP game for which the money that shall be won by the other player is the bet of the player. I think that's a good strategy if you're not going to put up that much money and the amount would be coming from the opponent instead of the casino's pocket.
If you're adding all types of coins, that's already a good option for most don't stick only on one coin but if you're giving a lot of option, if they have some spare on their portfolio, they can deposit whatever they want which is supported by your casino.

yes exactly. for example 4 friends can do account and deposit for example 10 doge coins each and they bet. one of them will take the deposited coins once he win. thats why I need it to be cheap the transactions so they can play with small money.

no I won't be paying any of the winnings. I will simply take a % from the deposited money each round. Its like a gambling club rather than a casino.

It was very popular in my country this type of gambling, since is fair and its no way to be tricked the player from the casino. In my country this type was available in small brick and mortar clubs/pubs like establishments. some of them was having also ladies inside. this is a digital form of a gentlemens gambling club ! You think I could add also some live cams? lol!

Yeah I think I will follow your advice and add multiple coins. I see that this days one payment option is not a wise choice.

I understand the mechanics and how you'll earn from this. It's a P2P/PvP gambling and you'll be taking share for each of winner's take from his opponent's money. That's a good business model if you don't want to spend money on your own and the casino will just serve as a hub for those who want to bet. But to tell you, it's hard to find those casinos that are successful in this niche, there have been trials of it in the past but almost no luck for most of them however, I wish you luck.

Tether (trc20) would be the best as most people out there used to use this chain and the fee is low too. Regarding BUSD, I think not many people use it or know it, only traders from Binance knows the coin. You can make it an option but allowing only BUSD wouldn’t be discouraged.

USDT might be a good choice in this case, that’s if you’re going to be judging based on the popularity of the coins you’re going to be using. USDT has more usage rate than other stable cryptocurrencies, so it’s going to be a good option to go with here since there are more likely going to be more of your site users that will be using it.

The next option that you can go with, if not USDT, is DAI. To be honest here I prefer DAI over others you have mentioned. No need to go into details on this, you can do your research on it. It’s just like saying you prefer Ethereum over Bitcoin, but you know very well that Bitcoin is more popular. So you can provide both of them as an option, so people can make the choice for themselves.

DAI running on ethereum network means the network fee is high at the moment so you can choose Tether which is running on multiple blockchain but one on the TRC has less fee than others while BUSD running on BSC so you can have the less transaction fee than other coins you mentioned. But since you are building a gambling site then don't just restrict people from choosing a single coin just have multiple options so you will have wide range of customers.

I have read that microgaming multiplaeyer roulette is doing well and is a succesful game. I think is all about marketing. if it can readh the right audience, it will work.

I am thinking to add also some slot machines.

Any crypto-stable coin are good for depositing to your website, but i think people are most familiar with tether since it was the first stable fiat cryptocurrency available. So i think it's better to use USDT. But another usd based coin are good also like BUSD

+1 on this mate , USDT is still the highest trading volume stable coin and me myself
 using this for long time now and yes this is comfort to use and very safe.
Tether is the most popular and most used.

Some stable coins have low trading volume, this will be a disadvantage. Some stable coins are not stable but their price fluctuates a little especially during bull run or bear market when there are too many demand or supply, some people do not just like high fee ones like the USDT on bitcoin and ethereum blockchain, though these high fee ones can be included but low fee ones like USDT on Tron blockchain are the best.

USDT (Tether) TRC20 is already fit for your gambling site. People can make deposit from some exchanges because they now allow people to withdraw USDT in any chain that we can pick whatever we want. Maybe other people will answer same thing too.