Bitcoin Forum

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Is good to save money for future use so we can make good use of it when ever we need to, now what if you decide to save money in your betting account will that be possible to?
We can decide not to save money in our fiat bank account or any other micro finance bank account for one reason or the other and save it in a licensed gambling sites can that idea be possible, will the money deposited there not be tempered with from the gambling platform or removed automatically from the account after keeping it for a long period of time?
I know it might be very hard to save money in a gambling site because we  might have the feelings of winning if we try to stake, it can be hard for a gambler to save money in a gambling site but it will be easy for a non gambler, I put in mind that everything start one day so even a non gambler can try at the first, I bring this discussion here so we can discuss about it to keep our selfs busy.

OP! You have chosen the wrong board. You should transfer your topic to the gambling discussion child board. Now coming back, why would anyone save their money in a gambling wallet? The purpose of the wallet is to instantly use the money for gambling purposes. In my opinion, unless you gamble daily there is no point in keeping crypto or fiat money in a casino's wallet.

It’s utterly nonsense to use casino as bank savings for your money because it doesn’t have an interest to your deposit, casino will charge you fee for holding your assets if you didn’t place any bet for a certain period of time and most importantly is you will always be seduced to gamble when you have balance in the casino.

Blackjack.fun offer a staking to their bankroll that rewards user passive income. I think you are looking on this casino feature and not the regular deposit to your balance because casino doesn’t work like a bank.

Saving money on a gambling site? What if the gambling site later cease to exist or went bankrupt which can be because of mismanagement. That means your money is gone.

If you want to save money, save it in your bank if it is fiat. But if it is cryptocurrencies like bitcoin, you have to save it on your noncustodial wallet. If it is high amount and holding it long term, use an offline/cold wallet. If you can not make cold wallet for yourself like wallet on air gapped device, you can buy a hardware wallet.

Someone who hold his coins in centralized exchange is already not advisable, how can someone can think it's good to leave your coins in centralized casino? There are so many casinos have rules about inactive accounts, it can be they charge some fee for each month, they close your account including all of your money etc.

Leaving your coins in a centralized casino is really stupid.

Gambling sites are not like your bank account that you can safely put your money and save it for future purposes. It’s a site for gambling, so definitely if you deposit your money into it, then it’s for you to gamble and entertain yourself. However, if you tend to gamble almost everyday, then maybe you can deposit your money in advance and save it for your weekly budget. But still, I don’t suggest doing it because gambling sites may easily stop its operation without prior notice. Once the site is closed, I don’t think your money will still be accessible for you.

It is possible but it is not good, why do you want to save your money in betting account for future purpose? How can it comes into your mind to save money in betting account while there are many other better and safer ways. If you want to save your money (crypto), keep it on your own wallet. Never think to save your money in online services as there is a big risk if you want to keep it for long time.

Do you mean saving coins inside a casino wallet?
Even for a non gambler ho puts his coins inside a casino wallet, he will be tempted to bet on something since he will be seeing all the time of the games that will play his mind.

An investor of casino token yet non gambler learnes how the casino work and eventually play. Savings will end up spent in gambling.

Not your keys, not your money. Sending your money to the gambling site means if the gambling site has owned authority over your money. Save your money in your gambling account is the worst thing. In case the casino can go offline and you have no access over your money.
It was a stupid idea. You can withdraw it to your own wallet easily, which was also very safe to store your money and how can you trust 3rd party to own your money. I remind you that if the gambling platform can also change its TOS anytime.
Your money can easily be affected by the chance of TOS by the platform. Even holding your money in centralized exchange or even dex is not a recommended way to treat your money.
Be smart.

Licence or not, if I can't save money on my normal bank account because of some kind of limitation, then I will rather choose to save it on crypto or hold it as cash than save it on a betting account. What the hell will I even be thinking for me to do that? I see that as the most dangerous place to even think of moving one's fund into for the purpose of saving;

it's not even as if you won those funds on the betting platform and you decided to save them there; that might be a little more understandable than just moving your money from Pan (the bank) to Fire (the betting platform). There are possibilities of you even losing those funds that you are saving on the betting site even when they are licenced. You can also be tempted so much to use the funds and make some betting in order to double the money. @Op I see that as a ridiculous idea that should not be added to a part-savings plan at all.

Let me answer you in four-letter words, "Just Don't Try It." It's insane to even think towards this angle as people are still battling with the absolute control of their money from banks and reliable financial institutions including brokers and exchanges, you are adding salt to injury by the suggestion of a gambling site.

What if they don't give you your money back, especially when it has appreciated so well in value and they become greedy? It will be so painful. The risk is high my friend, just don't think it, not to talk of trying it.

Wallets are there for you, don't let their voodoo catch you.:-\

It is not recommended to save money for the future on gambling sites, especially if you are an active gambler, it is very likely that the money you have saved will be used for betting, little by little this money will be wasted.
We recommend that the money you have is kept as a future investment on a trusted platform

I have a token in one of my casinos It is not meant as savings I put it there to Stake my coin I earn interest from staking my coin in that casino, It is money on my casino account that I'm comfortable losing from the volatility of the market.

When you say saving you're going to use it for the future, I don't recommend that you do that if your coin will not yield profit, like exchange it's very risky when it comes to saving your coins, it should be your keys, not your coins philosophy that you should follow.

You are risking your savings if it's meant to be saving because like exchange, casinos are not a stable business, you never know if it will go down and you will eventually lose your money, if you are going to save your coins do it in a noncustodial wallet preferably a hardware wallet.

I was wondering if OP really read terms and conditions of gambling sites. Some gambling sites do not allow inactive accounts for more than one year not to talk of when it is an account with huge amount of money been kept there for that period being inactive. They would confiscate the funds or what if the gambling site shuts down and there is no access to them again do you  not think that is possible. At least you have been on this platform for some time now and if you really frequent the scam accusations board then I think you would have no such thought of saving funds with gambling sites because at any point in time some gambling sites shuts down without informing their clients and there have been lots of complaints of that nature of lately.

Moreover, it is not advisable to save funds with a third party agencies or organisations when it comes to crypto matters. Not even exchange is safe with your funds that is why the slogan was formed "not your keys, not your coin" which is still applicable to any third party crypto organisation or agency.

I think that's not the right way, because your money can be frozen on a gambling site if you don't play it and you keep it there for too long, because incidentally the case was the same as mine where I forgot my funds were on a gambling site then after 2 years I back again, my account has been suspended along with the funds, that's why it's highly not recommended I personally experienced that.

Moreover, saving it on other sites such as trading sites, that's not good, it's better to keep it in a personal wallet if your money is in crypto, obviously it will be very comfortable and safe for you to hold and save as an investment, especially since there are many wallets available and quite safe , so using it would be better than keeping it in the casino, I'm sure everyone agrees with me  ;)

It is never a good idea not to keep your coins that are meant to be saved on any centralized platform, whether it's a casino or an exchange, We have seen people losing and crying because of keeping their coins on a centralized platform, experts and common sense taught us that coins that are meant to be for the future should be use in a hardware wallet or noncustodial coins.
One of the risks is you will be tempted to play especially if there are wagering bonuses, if the casino becomes a scam you lose your money, so do the right thing if it is for saving hardware wallet or the right noncustodial wallet is the best choices.

It is possible to save money in gambling sites and the platform has no right to temper with your money but it is very risky. Wait, OP why would you even want to save your money in a gambing site when you have a bank account where you can easily save money, in my country here it is believed that people who save money in their gambling wallets are criminals because it is known that criminals send stolen money to crypto wallets or gambling wallets where it cannot be traced.

Saving money in gambling wallets is very risky, it is just like saving money in an exchange and when something happens there is no any near by physical branch where you can easily lay complain but when you save in your bank account you can easily visit the bank to lay complain when there is a problem. Also there is a risk of hack attack because I have heard some gambling sites have been attacked by hackers in the past and alot of money was stolen from people on the site and the money saved on the site were all stolen.

Most of what I mentioned above doesn’t happen often but you never can tell when they will happen so we should be cautious about saving money on gambling sites. Though the most important reason why we shouldn’t save money on gambling websites is the temptation of placing a bet whenever you see a good game that you may think is worth playing, you will always want to gamble even when it is uncalled for. You will gamble against your discipline and you are likely to lose all your money. Sometimes casinos encounter withdrawal problems and it may affect you when you are in desperate need to withdraw your money so i advise you not to save money on any gambling site if you don’t want to lose your money.

Casino wallet is not for you to save your coins. It is basically for you to receive reward from the casino after you have played with them. I realize most gamblers don't keep sufficient money or coins on their gambling app for long, either they send it out to their noncustodial wallet for more safety, remember not your key, not your coin because casino can have issue and seize to exist. It is a big risk to keep your coins in casino wallet, it is better with your fiat bank account.

Aside from being risky due to security reason, leaving your asset on a service that meant for gambling while the money you are putting on it is for savings purposes is directly contradicting to each other. Casino is more on risk of losing money while putting money that is not meant to be spent will be exposed to a possibility for spending.

I don’t recommend bank savings either because it has a limited amount to be insured. Storing money on non-custodial wallet using Bitcoin is the best way to save money long term.

Well really it can happen and not infrequently I also like to find the accounts of my colleagues who are then frozen. It happens usually because they keep money there for too long or when they want to make a large withdrawal, and suddenly there is a notification that their account is frozen. Honestly, I don't understand why this happens, but maybe some casinos just can't be trusted and they might be trying to commit fraud.


Well I also agree with that, there are still many options that we can choose to minimize losing money there, on the other hand we never know and can never predict about something that will happen, don't be too sure to say no because maybe it can happen at any time. Well now there are so many digital wallets available, everything is facilitated and we just have to choose the one that we think is safer and more comfortable. This will be very useful to reduce the level of loss that is certainly not desirable.

CASINO it's not the wallet.

Do you know the word? "Not your key, not your wallet" even with exchange we always warn people not to stored the money on there. Just created a wallet, backup the data, and leave it to somewhere else.

In-case you want to use it, then opened the backup.

This idea doesn't sound like a good idea to me. The primary purpose of gambling sites is not to help us save money. Gambling sites are part of the entertainment industry. On gambling sites we have the opportunity to make money while having fun. That's why we use gambling sites. Using something for something other than its purpose reduces its efficiency. If we use a spoon as a knife, we can see that it is not a good tool. But if we use a spoon to drink soup, it is a very good tool. If we use gambling sites to save money, we will surely fail in the end. Because it's not right to save money in centralized systems, and we can't save money in a place like gambling where we are likely to spend a lot of money.

You can deposit the funds but that would be a very dumb thing to do, As far as I know, casinos have wagering requirements even for a non-bonus deposit, so you are basically risking losing your money to gambling if you deposited your money on a gambling site. also, I remember reading that casinos have rules against idle/inactive accounts, It basically means that you risk your account being closed if you don't gamble for a certain period of time.

anyway, just don't deposit your savings in a gambling account, it is a dumb thing to do.

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Some casinos have vaults, and some of them offer annual returns if you hold your coins in their vault. The image is from BC.Games Vault Pro, and 10% is only for their BCD's, for other coins is 5%.

So the answer is yes, money can be saved on gambling sites, but it's just a foolish thing to do. It's okay only if you are a regular gambler, you trust the site enough to leave your money sitting there and wait for you to gamble with it.

Savings in form of fiat and on cryptocurrency are different things. It is those who are highly crypto enthusiast would only keep just crypto without having to save fiat somehow or in the bank. Many users still don't like the fluctuation of bitcoin where they will wake up the next morning and see a sharp drop in their wallet although it could also happen in the other way by increasing but many prefer the value of what they have to be stable and by that they could know their worth. So it is totally a different thing to keep fiat and to keep bitcoin. Having your fiat in the bank has it own disadvantage likewise bitcoin.

It is never a good idea and I don't recommend you doing it. If you do so, you're just putting yourself in high-risk situations. If you really want to save your money, put it somewhere where it should be. And I'm talking about trusted platforms, like wallet and banks.

There's nothing bad in receiving money through a gambling platform but the bad aspect of it is in making a decision to have your money stay on the platform for so long, anything that has to do with dealing with centralized exchanges, accounts, or whatever that does not gives you access to take charge of your wallet should be totally avoided, we should be reminded how many of these centralized institutions irrespective of gambling sites or exchange suddenly collapse and all their user's asset vanished along, if you have your money in any, send them to your personal wallet that you have it's private keys with you, gambling sites are best recommended for sending and receiving but not holding for long.

not sure what is your main reason why asking this when you can use safer wallet to save your funds?
imagine that casino will turn scam in the coming days? do you think that there will be a place for your money to be taken back?
as we can see there are even best casino turning into scammer in long term.
hoping that you will made up your mind and never consider this to be your save bolt for your money

Nah, I don't think that is a good idea to save your money in a gambling site and used it as a wallet.

a. not your keys, not your coins, so if you have crypto in gambling sites then it's better to transfer it to a wallet that you have total control
b. you will be tempted to play if you have crypto in your wallet in a gambling site.

So if you wanted to save your money, then withdraw it right away and as I have said, put it to your own wallet.

No profit,you can be deprive from your funds because you might be asked to wager before withdrawal and finally,your funds can be deducted for keeping it in their custody. Casino is the wrong place to save funds. If you are dealing with fiat,it is better you save in a bank but if you are saving in bitcoin, you should keep it in a noncustodial wallet which only you will have access to. Casinos believes that any money in users gambling wallet should be used to gamble and if it has taken a very long time that you were active,they might come up with excuse that your account is not active and they wouldn't give you access to your funds. It is unethical to keep funds there.

You don't need to save money on gambling sites or in exchanges because you never know what will happen with those sites. You can keep the money in private wallets that have been launched a lot so that you can control how the money is used and avoid hacking or anything bad that might happen. Do not risk saving money for your family's future on exchange or gambling sites because there is a risk behind it.

I hope you can separate the money for your family's future from the money you will use for gambling so that it doesn't get mixed up and if it gets mixed up, there is a possibility that you will forget how much you have to use for both purposes. This will make it difficult for you to manage your finances later, so separating the money for each need is best.

The purpose of gambling websites is to generate revenue, not to serve as banks. Even with a license, their main goal is to make money off of wagers, not to safely hold your hard-earned cash

Though I can understand how you may consider it a good alternative if you're not a gambler. But let's face it, this is a precipice. You may think, "Why not try one bet?" tomorrow rather than conserving now. Maintaining discipline in such a setting is difficult

Though it's a fun thought to consider, I would stick to tried-and-true techniques for security and peace of mind. When simple, safe solutions are at hand, why make things more complicated?

Yes, you can but saving funds on gambling sites is the same as saving in a custodial wallet where you do not have access to the Private Key and it is highly not recommended.
You intend to save on a gambling site in the hope that it will be used in the future but what you will get is the opposite, such as the gambling site is a scam or your account has been hacked so that your money is no longer your money.
Another thing that is no less unpleasant is that some gambling sites charge fees for dormant accounts on their gambling sites, so that every month your money will decrease so that in the end your initial goal of saving money there becomes detrimental, and like an exchange which is a place for trading, a gambling site is also a place for gambling, not a place for saving money, so use the platform according to its designation.

If you possess the discipline not to succumb to temptation easily, you can hold onto your money within the gambling site. Nevertheless, it's important to realize that a gambling site is designed for wagering your funds, not for saving them. I'm uncertain about how the gambling site might handle your funds if you merely keep depositing without engaging in gambling activities. There's a possibility that you could be subjected to KYC protocols or that your account might undergo investigation.

Therefore, I recommend keeping your savings in the appropriate place, such as a bank, or consider investing in cryptocurrencies and holding onto them.

What? Saving money and betting accounts couldn't have been more far from each other in your idea. Not to mention that casinos/sportsbooks hold no responsibility in trying to save your money in case they decide to lock it due to "unscrupulous activities". In the first place, why even save in a gambling account? Why not just banks? or crypto wallets if crypto? Building a premise to not do so is the first thing you'd have to build to start persuading people, if there's none then the arguments basically useless.

Just as I said, the basic fact of security in casinos is more than enough for people to shy away from doing so. Casinos are not wallets, they're not designed to protect your funds, they're only designed to hold it temporarily.

Saving money into a gambling site account is definitely risky. That's why I definitely recommend you to keep money in another personal wallet. Whether it's a licensed casino or not, you are not the owner of the money until you transfer it to a personal wallet. There are some casino platforms that are trustworthy where you keep money for a long time but the thing is why would I worry or risk keeping my money with someone else. Anytime an accident can occur any casino can admit to hacking. Moreover, a gambler may be at a loss to use that money to recover lost money at any time.

I don't know where you hear that because no non-gambler will deposit their money into gambling site for just saving reason but sure, either they gamble that money or something there is illegal, just a sort of mixing address. But talking into considering gambling site as storage wallet, you will find it wrong and not really a good idea. In fact, for me, once I win I withdraw my winnings because I don't want to keep it their knowing the risk even it was reputable site. You must have to think it several time before doing this.

If you are saving money for future use, why not deposit it on a bank. Or in any wallet that offers an interest for your savings. It would be better than keeping it in a gambling site with no interest. Also, saving it in gambling site might make you spend that money in gambling. As you have said, it is for your future use, then it means that you have a plan in the future. What you need is to make money with that savings of yours.

Why would you? That's high risk.
Get a wallet, save the seed phrase or private keys, and keep it there for a long time. We should've learned our lessons with different exchanges suddenly getting bankrupt or just like bubbles exploding in thin air.
Not your keys, not your coins.
Gambling sites don't offer any keys, just an account. It means if they close business, it includes the amount you keep on their website. This is not a recommended feat. Use the right way, keep it in cold storage if you are thinking about keeping it long term. Even with how much reputable a gambling site is, there will be a time they will close shop or rebrand. You would not like be in a position where you will have a difficult time to withdraw it.

If an individual doesn’t gamble, I would be more curious on what would prompt that individual to open an account on a gambling site and then think it’s safe to save your money on there. It’s almost crazy.
It’s much better to save your money in your fixed deposit account at your local bank than thinking of saving it on a gambling site. There are just many things that could go horribly wrong saving on a gambling site that could end up with you losing your funds.
It’s not advisable to save funds on gambling sites cause they’re there for entertainment purposes solely and not to safeguard anyone money.

If you only want to use casino to store your coins, it's really a bad idea. I mean how can you have such idea when there's a free non custodial wallet you can use and it's already way way more safe than relying on centralized platform.

Some people use casino to store their coins, but they're invest in casino bankroll, so they will make profit as long as the casino make profit too. But there's a risk of getting hacked and your coins will be gone too.

Gambling casinos same as exchanges are not the best places to keep money. Only keep there funds you plan to gamble with. Imho, gambling sites have worse defense systems than exchanges. Imho they are easier to hack, and they have more temptations to perform exit scams than exchanges or banks. The only way to hold money is your own wallet!

Saving money for the future is typically a good idea, but using a gaming website as a savings platform carries hazards. Licenced gambling establishments are mostly made for gaming and betting, not for long-term investments. There is a chance that you could lose your money because of the ups and downs of gambling results. The terms and conditions of gaming platforms may also permit withdrawals of funds or the imposition of charges following a period of inactivity.
Using conventional savings accounts or investments created especially for saving money is safer if you're trying to do so. Over time, these provide your funds with increased stability and security. Though gambling has a chance to pay off, it's still best to proceed with prudence and avoid using it as your main source of savings.

     -     If you don't want to save money in any bank, why not in a gambling casino or put money that increases the chances that you will move it because, of course, that is gambling? It will cross the mind of a gambler that he might be lucky on this day and tempt him to play with that mentality, which is to ignore saving money.

Instead of putting it in your casino account or keeping it, it's better to put it in an exchange that is known and somehow secure, like Binance or any Dex platform. At least the risk is very minimal compared to gambling casinos.

You can opt for other banking accounts as you plan to save money for the future. Saving money on gambling sites is a lot of risk, it will be more dangerous because there is no guarantee in saving money in this game, if you get scammed you will lose everything. The best reason to save can be to gain a sense of accomplishment. The feeling that your bank account size is getting bigger day by day is undoubtedly a pleasure for you. A great reason to save is to keep money in reserve for emergency use. You may need money suddenly. If you have some money in hand, you can't even imagine how that money can be used in emergency situations. But there is no such guarantee in the case of gambling sites.

It's a bad call to save money in a gambling wallet because most crypto casinos will require you to gamble all of your deposits at least once and other casinos can charge high fees for withdrawals. You'll eventually lose a small portion of your money because you can't always roll over your deposit without losing anything.

Also, casinos have different minimum deposit amounts so you can't always put in money compared to bank accounts or online wallets. There are too many inconveniences in using gambling wallets as an alternative to a savings account.

No offense but this is total nonsense.

You see people putting little amount into their gambling account so that it will help them reduce their gambling activity and you want another to start saving money in their gambling account.

It will be better to create a dedicated fiat account and start depositing your money there without having to touch them, you could also explain to the bank that you don’t want to withdraw the money anytime soon and that they should put some kind of restriction to prevent from ever withdrawing from the account before the set date.

Why would you want to save your money on a gambling site? Where everyone thinks they want to keep their money in a safe place like bank, gold, Bitcoin etc. Gambling is a very dangerous place where once you take money you can't get it back very easily because if you are addicted to gambling you will gamble a lot and lose money. so dont't try to save your money on gambling site. you can invest your money on the valuable place like bank FD, Gold, Bitcoin etc...

Gambling sites have worse defense systems than exchanges? Why comparing the two? You do not need to compare both of them. It is not good to keep coins on exchanges and neither is it good to keep money on gambling sites. But if you want to compare both gambling sites and exchanges, exchanges are frequently hacked than gambling sites but both are not ways to save coins. Money should be on noncustodial wallets which you control the private keys.

It's probably the worst idea I have heard in this year. Why would any sensible person chose to store his savings on a gambling site ?
There are 3 major reasons why nobody would store his money on a gambling site.

1. Gambling site does not offer any benefits to hold balance on the site.
2. If there's balance in gambling account, we would definitely be tempted to use it for gambling.
3. Chances are that the site may be hacked or scam the users and run away with the money. There's nobody to help you in this case.

I think it would be better to invest money in a bank or some other place rather than investing in a gambling site to save money. It is very difficult to deposit money that will be invested in a gambling site because there is a possibility of losing any time after gambling.  Again there will be a chance of profit so I think it is better not to take such risk. Sometimes nothing is gained without taking risk but after thinking about it well the risk should be taken.

Sure, it is possible. But why you choose gambling account to save money? Don't you think it is very risky, dude? You could spend all the money in a day if you can't control emotion to chase your losses someday. Or the money can be trapped on the gambling site if someday you can't access your gambling account anymore. I think for savings, put the money on banks or convert it to gold should be a better option.

Non gamblers will never think to register on a gambling site, they won't create a gambling account. Even someone never gambles, it doesn't guarantee he won't gamble forever. How if someday he decides to gamble and spend all the saving money on the account. Someone who has lack of experience in gambling, probably has a bigger chance to play excessively.

Are you in the right mind to saving money on a centralized gambling site? Many people do not recommend keeping money on centralized exchanges even though Binance is the largest exchange but it is still risky especially gambling sites are even more risky to keep money there.

If you keep your money in a casino it won't be kept properly, you might keep checking your account, keep wanting to play out of curiosity to see other people win, for example, using a little money to bet for a long time you can become addicted.

Storing bitcoin money or assets is better in a hardware wallet or non-custodial wallet, it is widely available and free.

You are giving useless suggestions to the OP.
I think he knows all of these 1, 2, 3.
When someone is too lazy to create a wallet and send the funds to his own wallet, then they deserve to save any amount of money in whatever service they want. Gambling site, exchange, none matters at all.

Yes, OP do it. Move all your funds to the site you have in mind.

This is really a dumb idea because casinos won't last like banks. Just imagine holding your money in a casino for thousands of dollars, and after a few years, let's say 2 years, the casino files for bankruptcy, and they will not inform you or the other customers, and your money will be gone. Also, the casino owner has access to your account, meaning they can get those funds or do whatever they want. It is still preferable to use a bank or hold it in Bitcoin.

Saving money on a gambling site is a very terrible idea. It would be better that I dig a hole in my back yard and put my money there than to save it in a gambling site. At least I would know that my money is save underground than in a gambling site where the worse can happen at any time.

However, if you decide that you want to go ahead and save your money on a gambling site make sure that your KYC documents are approved first. I do not know how much you have but you can try saving your money in assets with potential to increase in value and that can be easily liquidated. Bitcoin, property rentals, gold, some stocks are but a few example.

In addition to what you have posted, leaving any funds on your gambling wallet can put your funds at risk for potential loss.

Remember that the more you keep in your gambling wallet, the more reason for the gambling platform to discover any kind of fraud that will make your funds impossible to deposit. That is the reason on why majority have suggested to move your funds to a different wallet as soon as you receive them in a gambling game.

There have been several instances where people failed to move their BTCs in gambling wallets which resulted to some being tagged as a person who have violated their rules, when in fact, they did not.

Question is why? For sure we are all aware that it is not a good thing to do 'coz it has a weaker security than with banks or crypto wallets. Also, it would be at risk if anything happens to that particular gambling website. Another risk is lacking self discipline to somehow use all of those money in betting. If it is just a small amount then that would be fine but if it is a huge winnings, then withdrawing it would be better. This is laziness I believe 'coz there's no valid reason to do so except for not planning to save any amount for other purposes than gambling. If that's so, chances are high that you'd lose it eventually either in games or with breach related issues.

First of all, Gambling platform as the name implies, its a place where you bet matches and play games that involve you wagering money, and at the end of the outcome, you either win or loss, nothing more than that, keeping money there is risky because:

• The gambling platform may experience technical issues that can make them go offline and when you need the money on the platform, it becomes a problem to get access to the money, you will have to wait till the site comes back online.
• You will lose everthing the day they don't come back again or becomes bankrupt, you don't want that to happen.
• Gambling site policy changes time to time, by the time you violate one of them, your risk your money been freeze and to withdraw become a headache.
• What are you going to do if a scammer get access to your account, they will withdraw every penny on that account.

It's better to have your money sent to external place for maximum protections to avoid all of these problems.

Yes why is there such an idea that should store assets in a casino? If the exchange is better then just keep it there but still not recommended unless the wallet is on its own control.

True casinos are still vulnerable to being turned out to be scams and this has happened a lot even though the same thing happened with the main exchange its a centralized based platform it will not be safe for your assets, better stay away and use a more secure wallet.

For me the casino is only special money to bet, if you win then pull don't keep it there for long.

I don't think it's a good idea to keep your money in your betting account because I'm afraid you will use that money to gamble until there is nothing left. Is that what you did @OP? If so, you better immediately move the balance from your gambling account. Otherwise, you will regret using all the money to gamble, especially if you lack self-control.

It's better to save it in another wallet to be calm in saving the money. A gambler also realizes that saving money in a gambling site account will only make them feel they still have money so they can continue playing gambling. So quickly move your money from there @OP before you regret it.

I think your idea is about as ridiculous as it gets. No matter how lucrative and famous a gambling site is, it is not designed to store money on it.

My advice to you is that if you are interested in saving money in cryptocurrency, buy one of the hardware wallets and store your money there without thinking that something might happen to it in the future.

Why would anyone conceive the idea of wagering excessively, let alone saving cash on gambling sites ?? If HODLing coins on centralized EXCHANGES aren't even working anymore this days, why would anyone wanna try being a victim of the verdicts of insubordination?..
If I should further ask; why do you think casino site's got withdrawal options?? That shoulda given you the impression that you're fully in charge of your coins/cashbacks and it's SAFE not to have them on the sites...

Sandra 🧑‍🦰

Do not try to do this, you are just asking for trouble if you do, and while something can be designed for an activity but be used in many other ways by people, at the same time there are limits for something like this, any money you deposit at the casino should be thought as money you are willing to lose in order to entertain yourself, besides I do not know why you want to do this when self-custody of your coins has been recommended over and over again, and if the casino happens to go bankrupt, become a scam or change its terms you may never recover that money.

Total madness, I would say this is just like  putting your money into a sink hole knowing fully well the outcome of it and I  won't even advice anyone to trying such thing except he or she is a well disciplined gambler and even at that it's not good to keep money on your gambling account because there are thousands of other preferable place where you can do that like lots of financial institutions.

It is very wrong to try to save money on a platform not meant for saving. You put yourself at risk and should not blame anyone should anything happen to the money you have kept on a gambling platform as savings. You are practicing the right habit at the wrong place, and it is very similar to keeping your cryptocurrency investment on exchanges. Also the normal behavior of people who want to save money is to try to ensure that the money is not easily accessible and at a position where they can easily spend it. A gambling platform is not the place to keep your savings.

Of course it's not advisable, since you don't own your keys when your money is deposited at a casino account, however, ironically, casinos seem to be a much safer option when compared to so called investment platforms and exchanges in general. Investors had their money stolen when deposited at FTX, Mt. Gox, Celsius and many others, but they wouldn't if their money was deposited at freebitco.in or Stake, for an example, on that same period of time the scams happened back then.

After all, casinos play fairer in crypto universe than many businessmen promising security, passive income and reliability.

There have been some gambling sites that offer interest on deposits.
I don't think it's total madness, actually there is some convenience for both sides (players and casino).

Excluding some exceptions that have an clear risk (interest on bitcoin offered by minor operators), probably the offers of mayor crypto gambling website are really trustable. Of course these are not options for saving money but It could be and option when chiose where to play.

Why would we need to save money on a gambling site?
You can set aside some of the money won from gambling after profit realization. There is not much point in keeping it on the site when we can use it for investment purposes in another way with this money you have profited. The balance left on the site is never ours. When you leave money on the site, when the site suddenly closes and goes away, you will be left without money and the money you have saved will have no meaning.

Well if you are avoiding exchanges I guess storing your coins in the casino will be a good option if meant also to gamble some of them.

It's uncommon to store coins in a casino unless you meant to bet. The majority if not all will store their coins in an installed wallet if you meant to hold and save the coins for the bulllrun. I wanna see how it ends though for someone who keeps their coins in a casino.

Mostly the gamblers use to hold the money in the gambling website,because they know it will be used for the next game.The experienced gamblers will withdraw all the winnings money to separate account.They continue the same step till the capital was raised from the initial deposited money.After raised of full money,they get free from pressure of involving money.Then the gambler do the random bet on many games to learn the game with this money.

Avoiding exchanges and looking for a way to hold cryptocurrency expecting bullish trend is really common thinking among the people. However when we hold cryptocurrency in gambling sites we'll have the intention to gamble. We should have control on gambling or we can use the vault feature which seems to be better than the regular wallet available on the casinos.

This is like a saying that they do not pit a yam and a goat together, doing this the goat will end up eating all the yam. Going back to gambling,  what could be the reason that will make one to choose to save money in a gambling account, it is either the money will be used to play gambling fir sure. Gambling account is not meant for savings but to play gambling instantly, so if one decides to make it a saving account I doubt if the person can save for sure as  planned. Someone who plans to save with a gambling account must be a gambler and their is no way the person won't play gamble  with money in the account.

You can just do what you want and say, but with a casino record that has a reputation and a credible license. it's just that if I refer to what you said keeping money for a long period of time in a casino account, wouldn't it be more ideal to keep it in the hardware wallets that we have. thus, you will avoid unwanted things. to prevent something we don't want, it would be wise to store it in the safest place. not that saving money in the casino is not safe, but for our own safety. except, if you are still active even if you are only doing a gambling session with a small bet.

I'm not going to say that this idea is wrong, but I'm not going to do it for my own safety and comfort. I do not recommend that you do this, unless you are active in terms of betting. if the money you keep in the casino account is just a small amount it doesn't matter, but if it's a large amount it will be very risky. simply put, if we want to gamble we can make a deposit and if we have won enough we can withdraw it. for me, it's that simple. after all, doing so will not spend in a long time.

Are you taking this topic as serious discussion or just for a joke, I dont get it if you need to ask for opinions from others about this thing.
Saving your money in gambling sites or even in exchanges is not recommended at all.
You are a full member already and I believe you are experienced enough in this case, so it makes me confused how could you have such thought to save money in gambling sites.

Saving is necessary for the future because we all know how it could change our lives for the better but I don't think saving our money and funds in gambling sites would be wise. If there would be better options to save then why store your funds in gambling sites where temptation could always exist?
It is better to store your funds in a safer wallet and try not to touch them as a preparation for the future but if you store it in gambling sites and exchanges, there's a possibility that you might spend it for betting if you will be tempted. Also, you should keep your funds safe from hacking incidents that often occur in some exchanges. Better be safe than sorry so you have to be wise in keeping your money. Savings shouldn't be allocated for anything else especially gambling so better keep it out of gambling sites.

I agree 100% with you.

The first rule of bitcoin is not to keep your money on exchanges because it's made for self-custody. Holding money on a third party site that isn't even an exchange, like those sites that offer staking services, or casinos, is an activity that comes with very high risk while offering completely no reward because you're not getting interest on your savings. It doesn't give you benefits, even if you hold over a million USD there.

Treating an exchange like a bank is a mistake. Doing the same with a casino is even bigger one.

I bet to deviate a bit from the views of many others who have commented on this topic,  well we have some casino that operate what we call bankroll features, This way,  investors hold some balance on the gambling site in the form of locked liquidity and in returns he take share of the revenue returns of the gambling site on monthly basis,  I don't know how popular that is recently but we have some old casinos like bustadice who have bankroll features in the casino.

But we should also take into account the many risks that are associated with leaving your balance on a third-party site when you can be more at peace leaving your coins in your custodial wallet where you have 100% control.

I won't recommend it. There's no argument you can make about saving money on casinos that you couldn't use with other savings method like banks or private wallets. Cryptocurrencies are wide-encompassing, so you don't have to get it on exchanges and gambling sites for it to accumulate in value. You can just save it on your own wallet and watch the money pile up lol. Plus it's not safe either, people get their accounts hacked and their funds stolen all the time, if you don't want to be a part of this demographic might as well make sure that you don't put funds on your gambling account that you couldn't afford to lose.

Lastly, just use something else man. Gambling sites are meant for gambling, and unless they offer bonuses for holding cryptocurrencies (which I don't think they do) I say just keep it in a wallet.

Supposing we were to include the span of duration for which you can save money in the gambling site; as likened to the normal duration a gambler would give before making another bet, two days to a week will be just fine.  Gambling sites have limits too. How big is the funds to be saved is another issue.
It isn't a good idea to leave your funds long term on a gambling site. That's not what it's meant for. Use an open source or closed source wallet to save the money you don't want to save in the bank, but firstly exchange the money to crypto/BTC in this case and save up/HODL. The rest will come naturally.

A non gambler even getting to register on a gambling site with this idea to just save their money or hide the money for sometime, may soon find out that they love gambling all the while without knowing, after one or two first tryouts. Don't move in the direction you don't want to go. Use a crypto open source wallet.

Wow! Forgive me but this idea sound crazy, like how did you came up with this thought?
First, no non gambler will agree to have his money saved in a gambling wallet, secondly, it doesn't make sense doing so cause the risk is not worth it.

What if the gambling site folds and exit the market out of financial crisis encountered, did you thought about what would happen to your money?  Considering that traditional banks ain't that completely satisfying for some group of people but it's saver saving my money in their custody (if I decide to be fairly stupid) stead of saving my money in a gambling casino wallet.

If you have being around long enough within the crypto gambling industry you would have witnessed many online gambling casinos come and go  never returning back from their extinction. Nothing stops you from saving your money in a non-custodial wallet where you have full control and custody. All you do is keeping your seed phrase safe.

Who would really be on their right minds on doing so?
Normal people with normal thinking would definitely consider the ff;

1. Saving money from fiat
2. Investing the money and diversify to have another income source
3. Crypto form - Bitcoin
4. Cashbox

No one would really be considering on putting up their funds on a casino site. There's no point or no sense on doing so because we know that once these platforms
will be running away or already being a scam then say goodbye with those funds. I would rather better be putting up in banks which i could somewhat assure that you are really that safety.
The fact that majority of us do really still trust that shitty bank services even if we do hate it but we cant really deny that when it comes to assurance then we are really
actually rely on them. It is really just that being too centralized or having that full control and tracking do really sucks.

the risk is that we are tempted to gamble, well, some well-known gambling websites certainly have security that can be trusted, but that will still disappear, we can't control it to continue to be indiscriminate. but my suggestion is better to keep it somewhere like personal ethereum wallet or exchange (if it's not too big).

^ This should be a must in the crypto world, if you don't gamble and use it there is no reason to store your coins on a gambling platform because that involves risk. The thing is you will probably face a problem in the future when you want to withdraw it because most commonly some gambling platforms might impose restrictions on the withdrawal of your funds, especially if you have been using bonuses or promotions. This could make it difficult for you to access your coins when you want to. It is always recommended to store your cryptocurrencies in secure wallets that you control, preferably hardware wallets or software wallets with strong security features. This way, you have more control over your assets.

For what? Guarding against loss? I think only people who are really naive would do that.
It is important to realise that the temptation of gambling cannot be prevented if there is still a balance in the wallet or gambling site so thinking about this scenario it would be foolish to keep a large amount of money (savings) in a gambling wallet because this will only be one of the reasons you gamble and spend it.
Although there will certainly be excuses where it depends on our self-control but I can guarantee and will say with full certainty as long as there is money in your balance on one of the sites then you will continue to try to play it in the hope that it will increase :D

Saving your money in a third-party wallet not directly controlled by you is like asking for someone to rob you off of your money. This is not advisable as the gambling platform can easily go under and you will have no way to claim or get your money back. At least in wallets that you control, you have the option to move it out from one place or another, or just spend it, and the blame's all on you. I'd rather have that thought and be comforted by the fact that I alone am to blame for the loss of funds I may incur rather than stress out on something that is completely uncontrollable.

There are many other ways to put saving money with more secure ways. It is strange you want to try keep your money in gambling sites. They are not proper places for saving money, gambling accounts are only the media to store money for entertainment purposes (playing gambling games). I can't imagine if you keep a big amount of money in an account that are intended for entertainment. I guess the money won't last a long time, because it will run out because it is used to play gambling games. Although we are trying to commit for saving money but the temptation will be heavy, especially if you start to love gambling games and are interested in chasing victory. I'm not sure even a non gambler will never try to gamble their money when they have a gambling account in casino sites.

Agree, non gamblers must prefer saving their money in banks. It is the common place for saving money. Sure, keeping money in a gambling account will be too risky. Since there is no advantage to keep it there, I don't know why OP has that idea. It seems a bit strange for me.  ;D

if you will put your money in a gambling site, it means, it is easy to spend it when you have the desire to. if you are serious with your goal of saving something, at least put it in your bank even if the interest is nothing.
besides, if you forgot your funds inside the casino the chance of losing it all is high because they can close down the site without informing their clients. whereas, when it is in your bank, it is regulated by your Central Bank and abandoning their clients is very low, even if they go bankrupt, your funds can be returned to you.

The only advantage I see in saving through gambling sites is if they start offering interest, similar to what Freebitcoin offers to all their customers who still have a balance on their site.

I guess OP found the idea worth discussing because a few casinos offer these features and back then, you'll see a few gamblers create a second account to store some of their money.

Everyone here believes that saving online is not good. there are many examples of the owner bringing your money and frozen your account. If I were you, I would avoid it, and be very careful with it. you don't have to save your money online if you can save it offline. So if you want to play, just deposit, and withdraw it if finished. it's even safer and simpler when compared to saving too long. but if you really believe and the website is enough trust, There is no harm, but still is not recommended by comparison to your own your key.

How come you even asked this question? Please forgive me but this is kind of a stupid question. A gambling site is for gambling. It is not a savings account. If you don't have plans to gamble, then your money shouldn't be there.

Deposits in gambling accounts are seldom allowed to be withdrawn without ever making a bet. That's against many gambling sites' ToS. Another point to consider is that inactive accounts in gambling sites are usually locked and deposits frozen. Dormancy has a cost not just in the banks but also in gambling sites. Worse, it could be seized.

Saving money on gaming websites? Do you really need to remember that, because the last time I attempted it, I used all of my money in my online gambling sites wager to play games? Fact is, that is one of the simplest ways to lose money, because there will undoubtedly be difficult times, and one would want to attempt something that will bring some more cash into the pockets. Saving money online, particularly in online gambling accounts, is absolutely not an appropriate pathway to pursue; most gamblers end up breaching the rules, which results in a frozen or banned account; why? The majority of these gamblers disregarded reading the terms and conditions of this specific site. That is exactly how these sites work; they do not accept visitors, so it do happens more frequently.

These days gambling sites are completely centralized. Holding/Saving bitcoin in gambling sites is really risk involved, because we're depending on third party to have our holdings is not fair. Gambling sites were dedicatedly developed for gambling, so if your plan is to gamble then having funds in the gambling site is good.

As said gambling sites always have their own terms and conditions. Some prefer to withdraw when required, but the same isn't possible as gambling sites have certain wagering requirements to be fulfilled. In between many gambling platforms have gone bankruptcy and some have stopped their services in between. These all things need to be considered when you make a deposit on gambling site for the purpose of saving.

We cannot deny that if in casino gamblers keep their money that money will not be re-spent on gambling. Those who wish to save money must divert money away from gambling otherwise they may lose that money. We often indorse limiting your bankroll when gambling. In that case, when planning to deposit money on the gambling platform, the bankroll will ultimately increase through the saving money. Gambling is often difficult to control for a gambler. The money can be used at any time without intending to and the chances of losing the saved money will increase.

It is possible, but the risks of putting your money in a casino is a lot more riskier than your money being in the bank which eventually gets bankrupt. When you put your money in a casino, there is no insurances that backs up your asset in case the casino go bankrupt. Ultimately, your money will go along with it when the casino decides to close, plus they can freeze your account for inactivity anytime they want. I don't understand why people would like to use a certain thing that was not designed to cater a specific purpose. Keeping your money in a casino is like keeping your bitcoin in an exchange, they are the too risky. Again, I don't understand the purpose of saving money in a casino, because gambling and savings are contradictory to each other. 

I think this sums it all up, and this post could have locked the thread. If you want to save on some kind of account, you have a lot of options and they are all better than a casino account for the reasons mentioned above.


The only thing to watch out for here is volatility, every now and then a lucky big whale comes through the casino and blows a big hole in your bankroll. That would be more like a mutual fund than a savings account.

You mean using crypto casino as your bank account then why the hell the crypto wallets are there?

Eevem casinos don't want that which is the reason why they have wagering requirements to withdraw your funds, it means you need to make bet for a certain amount then only you can able to go for withdrawal processing which varies depending on your deposit amount, and casino you are talking.

Yes, this can also happen if we can't control it because at one time we might be tempted to gamble and spend the money in our account, after all why should we make a casino a bank, while keeping it in our own bank or wallet is better, for example gambling? when you win you can withdraw all the winning money so that not too much money is spent in the casino account.

I think that's a way to prevent us from losing our winnings and gambling results, don't save too much money at the casino because our accounts and funds can be frozen for example if something looks suspicious or the casino wants to steal your money, so ask you to complete KYC it's complicated and you can't do it, then you and your money will be frozen, it's best to put money in your wallet, it's the safest.

That's right. Well, if it ain't too big then he can definitely keep it in an exchange but there's still risk involved in that. If we are not going to use it for trading then it would still be better in a cold wallet. The only problem I see is that some projects don't really have a cold wallet made. They are still using third-party applications especially those under ERC20 and BSC. I don't trust the Android applications made by them, like Trust Wallet or even MEW which have its issues before.
But again, it's better there with a seed phrase in your hands than in a gambling site which we don't know when will get bankrupt or just close it down without any warning.

Yes it's possible, but why would you so such a thing? Our accounts with the bookmaker are to place bets on sports and not save money longterm. To me it seems like too risky to start saving large sums of money in our betting account if we never plan on using it for bets in the future. What if the company goes into bankruptcy? Then all our money would be lost. Also we don't get any interest when saving our money there. In a traditional savings account we would at least get interest. And if we don't care about interest than we should focus on security and store the money in cryptos in our own wallets. Another issue with having large sums of money at the casino or the bookmaker is that it becomes harder to resist the urge to place larger bets. When we see the money at our account we could start placing huge bets in a weak moment.

The excuse of inadvertence is just a mask because in the end they realise when there is a balance in the gambling wallet then it is bound to run out sooner or later regardless of whether we are frugal or not the important point is that it will run out :D
I know there may be some people who can even grow money in gambling but that is also not just anyone can do so seeing this condition then for us ordinary people who only gamble to make us happy and an ordinary gambler who only hopes for luck in it would be highly discouraged to do so.
Keeping savings in gambling would be the most ridiculous thing to do.

Saving money in a gambling site? That's very risky! Here's the thing, when you deposit money into a gambling platform, you're essentially giving them control of your funds. You no longer are considered the owner of the coins since you don't own the keys to the wallet. It's not like a regular bank where your money's protected by regulations and such. If that site gets hacked, goes down, or just decides to do something shady, you could lose everything. And yeah, even if you're not into gambling now, having funds in there might give you that "just one try" craving. Hambling sites aren't built for saving, they're built for playing. Use your own wallet where only you have access to the keys.

I don't really think it's encouraging, I am not an addicted gambler, but I don't even make an attempt to do that. When you leave money in your gambling site, sometimes, when you are not supposed to gamble, you will be tempted to do that, and you might end up losing your money gradually, so I don't really think it's proper to keep money in your gambling site. If you have a bank account and a crypto wallet in which you can save your money, then why would you decide to save your money on a gambling site?

If you are using a reputable gambling site, and within the period in which you save your money, they don't really have any issues, I don't think anything will happen to your money. But I don't even think you should save your money on a gambling site, it's not a bank, and the purpose is not to save money, so you don't have to do that. If you try it, then you are just risking your money.

Saving your money in a gambling platform is a choice but I wouldn't advise anyone to do that. It comes with a very big risk as the gambling platform might go bankruptcy or cease to exit and that means your would lose your money forever. Moreover, having it in such a platform you might be tempted to gamble with it and end up losing everything.

As long as the gambling platform does not encounter any sorts of problem and there's no unauthorized access to your account, your funds should be fine. But always remember that gambling sites are centralized and if it's not your keys it's not your coins. The wise thing to do is to move your funds to a wallet and keep it safe.

Anything that can make you decide  to spend your money is not good venue to save your finances. And its really a bad choice even if you know they are license since anything could still possible to happen then might be hard for you to recover your funds if they encounter big problems. So best save your money on well protected institution and always choose bank if you really want to save your money since gambling platform is meant to be a place where you spend your money and not for savings.

What makes you think like that? It is your money, and you must be fully responsible for your money. And if you surrender to a gambling site or exchange site, it's not your coins because you don't control the coins. We also don't know how long we will keep the coins in both places because if the market conditions stay the same now, it will be more risky, whatever the reason. But we also don't discourage anyone who thinks that keeping their coins in exchanges or gambling is fine, and they can do it anyway. They just need to think about the risk so they understand it. And it would be better if they keep the coins in their wallet so that they can control their coins.

Saving money on gambling websites that you intend to use later is not something I recommend because of the temptation. If you gamble, it will be very tempting for you to use the money to bet, which could result in you losing the money. When there are so many safe sites to save money, why would anyone even consider saving money on a gambling website? Gambling websites, in my opinion, are not made to be saved on; rather, they are made to be deposited on in case you wish to place bets.


I don't believe a reputable gambling site will mistreat someone's funds since they don't want to damage their name, but who can say what will happen if it goes on for a long time and involves a sizable sum of money? In my opinion, it will be extremely difficult to believe any gambling website, irrespective their reputation. I won't, however, discourage anyone who believes that their money will be safe there. Even if someone wins money at gambling, I will never suggest they leave their money there.

Even if the casino is well reputable and nothing has happened to them,they have not been hacked nor breached the problem by saving money in such a site is that it will always attract you to log in and play and thus risking to lose it all.Up until now I don't know any person who saves money in gambling sites,people who hodl cryptocurrencies they do so in their hardware or offline wallets as they know the money is safe there and there will not be any temptation to go to the casino and try your luck,the only time you will use those money is when the next bull run will come and you will be extremely happy with yourself with what you achieve in such time  ;D.

I think saving money in gambling isn't bad idea especially for people who are always gambling and doesn't have specific time to place bets.
That being said, it also worthy to note that despite the numerous security measures taken by these sites to protect their customers accounts, the gambling sights are still very much hackable. So since the total control of what happens in the sites isn't in the hands of the users, it's not advisable to save money there.

It is not advised to save money on any centralized site, including the gambling ones. Yeah i know it is a hassle to move money in and out of gambling site if you regularly bet and play the gambling games. In that case, keep only the money with which you need to gamble and in case you won some big amounts, make sure to move them out of the gambling site as soon as possible.

I am not saying that gambling site can scam or they could be hacked but anything is possible and we need to keep our exposure as low as possible on centralized exchanges.

That's right, bro...and I personally choose to empty the balance in my gambling account and move it to a digital wallet, and I do this every time I play. I do this to avoid careless things by spending a lot of money for just one game and if I don't withdraw all the money in my gambling account then what happens when I get a win will run out again in gambling so I won't do it.
with this at least there is a time limit for me to think again when I want to continue the game which will only lead to deeper losses.

Yes.. maybe indeed for all of you who have good self-control and very qualified gambling skills, then this will not be a problem. but for me this is very risky.

You may think it isn't a bad idea but do you really think a gambler can successfully save money  in his gambling account especially for a gambler that's always placing bet? He could be propel at some point to increase his wager amount in the hopes of testing his luck and end up whisking that savings to a horrible loss.  And also, when a gambler has money resting in his gambling account he can't be sure of not regularly using it but then how can he save if he regularly gamble with the money.

The danger amounted to saving your money in a gambling site account is tantamount to same danger in saving your money in centralized exchanges. Just as you clearly said, they are hackable, and the gambler is not in complete control of his account, the gambling site has access to the account.

 Anyone that avoids a Cex for these reasons will in likewise avoid taking the decision of having their savings in his gambling site account, it's enormously risky.

For me to save money in online gambling sites, I don't think it's a good idea to do, we know that money in online casinos is only to be risked not to be saved.

I've seen several cases where money was deposited on gambling sites, when they wanted to withdraw the money it couldn't be withdrawn again within a period of several years it couldn't be done, with the reason: the password and email are wrong, I don't know what made everything wrong, it's not clear, what's certain is that the money can't be withdrawn.

My advice, don't save money on gambling sites, just save it according to our wishes to bet, if in the crypto type max $ 100-$ 200 the rest is immediately withdrawn, maybe it's safer.

Listen, you have a valid argument, but let me be clear: casinos, whether online or not, were NEVER intended as savings institutions. It is simply common logic! Different purposes, various outcomes

Your observation regarding the difficulties in withdrawing funds is concerning, and every player should be wary of it. In spite of this, a successful merchant, such as myself, understands the importance of placing wagers intelligently. Not only how much you save is important, but also where you save it. If individuals are encountering such issues, it speaks more to the site than to the concept of online gambling

Your recommendations are sensible. Limit your deposits, exercise caution, and always play on reputable sites. Remember that in the world of gambling, as in business, you need both intelligence and fate

It is too risky to save money in gambling account because anything can happen,  if the money is being tampered it can't be recovered back. Because of security purpose gambling account is not an option for where money should be considered to put. Another reason gambling account is not good for savings is because it can be tempting to play gambling fully knowing that their is money in the account. Gambling account has never been for the purpose of savings.

Not allowed saving money in gambling platform site or account, but I can't do it when opening with my gambling account and have money there will use it for sport betting. Depend with your controlling can manage well or not with money saved in gambling account won't be used at all for betting although with small fund. However need to find trusted gambling platform account if want to save money in gambling sites, not all gambling platform are trusted exactly if any gambling site easily for freezing or suspended your account.

Saving in wallet is better because your coin controlling by your self not depending on third party as gambling platform, when site gambling scam you loss your money.

Your theme has a lot of background... With the beginnings of the Internet "saving" money somewhere on the network was a priority in the world of betting, sites like sckrill, Neteller, were the "novelty" of those years.

But the associated fees were always a problem, some even charged account maintenance and additional monthly payments for TDC maintenance, etc.

So in those years in that first decade of this century, many players preferred to keep their balance in a casino like Poker Star, the red pike.

In fact, the owner of strategy poker, a prominent Spanish player, stated that he preferred to have his money in the red pike than in a bank.

Were undoubtedly other years, but, after Black Friday everything changed it,  one of the safest ways to save money from gambling had ended.

Obviously, at the time it worked for many, but it denotes an unnecessary danger at the present time with so many existing technologies.

Finally, never have more money in a casino than you can afford to lose.  It is the simplest rule to follow.

There's so many ways in which you can save up that to do it on a gambling site is really strange. It's like you'd have so many restaurants to choose from but you'd try to dine in the ones with the worst reviews just because going where most people are going is so mainstream :P The only thing that could make me save up on a gambling site is if I was giving them liquidity and getting a lot of interest for doing it. Then it would be a high risk and high reward saving, but without interest it makes no sense.

And also, there aren't any form of interest entailed in keeping your money on gambling platforms. If anything, it could even lead you to spend more of it since it's readily available without having to wait for deposit confirmations. Good on you if you are not easily tempted to gamble your money and have thoughts of just spending it in there, but not a lot of people have that godly sense of control to themselves, hence why it's safer to keep money on your own wallet since you might even get lazy of moving it around should you ever want to spend it.

Nowadays even licensed casinos doesn't garantie you anything, we have seen lately many casinos that have licence and was trusted scaming people and run with their money without getting caught.  I don't find any reason to save my money in gambling sites without mentioning the danger and desire to gamble with that money. For me any deposited money to any casino means you don't own that miney anymore. Just the same as centralized exchanges.
The best way is to save your money especially large sum of money in hardware wallets or trusted wallets in computer to prevent getting hacked too.

I personally find it challenging to save money online, and while I'm not saying anything will happen to the money deposited in the betting wallet, it's different if it's for that purpose, I'll feel more at ease keeping my spending in the bank for simple access when I need it. And that's the main issue. Any device that is connected to the internet can be hacked, therefore the best I can do is fund my account once I want to place a bet. This is why with cryptocurrency, it is said that you are not in charge of the funds once they get into any exchange and that why we all need to always take precautions when dealing with money.

You’re in way more risk saving on gambling sites than you would be saving in fiat banks. Both might be centralized systems but, you’ve hit means to recovery with some given the regulated status and jurisdiction of operation and that’ll be for the fiat banks but when it comes to gambling sites, you’ve got a whole lot of other things to consider.

Come to think of it, gambling sites could short down at any point and there would be very little you could do about trying to get your money back. At most, it would take a lot out of you to archive much success.

You could be labeled a money launderer for engaging in such habits and it wouldn’t end nicely for you. You’ll still be the one to lose. So yeah, it could be done but, it ain’t a best idea to have your savings done on betting sites.

Bad idea,  with my experience with many centralized platforms ls that just park off and zoom off with investors' money,  I won't dear to save my money on a gambling site,  and even though they present some form of investment package for such money,  I won't still risk my money on them.
It is better to have my money in my wallet and only deposit a little amount I want to gamble with into the casino, Aside from that,  once my balance increases to a certain amount,  I make sure to withdraw it into my personal wallet that way I can be at peace and be in control.

of the many gamblers that i have met, no one has told me to save their money on online gambling sites or offline casinos, so the idea of saving in a gambling site account is a little ridiculous, but you can make several gambling sites a place to invest ^{(currently there are many sites online crypto gambling that accepts investors like freebitco or betfury and others)}, and i think investing in gambling sites is better than saving on online gambling sites ^{(especially if you use cold money to invest in these gambling sites)}

Investing in gambling sites is actually very profitable, especially if you choose the right online gambling site because the velocity of money in the gambling market is very fast and plentiful, especially online gambling, gambling is big business.

I think it's good to ask this kind of questions on whether we can save money on gambling site but it is not surprising that many gamblers are already saving there money there without fully aware of what they are doing. Leaving all your funds and profits you have made for a certain period of time on a gaming or gambling website is just like we are saving our money there.

This is when some persons will know the harm they are doing to themselves having the mindset that all winnings can be left there for a better time to withdraw the funds. Many of us that have been a victim of scam casinos will understand more of what I'm trying to explain.

Why would one even think of saving money a gambling  site especially crypto, I mean why is your wallet there. Apart from these gambling site actually being centralised it is very unrealistic even to save money on such platforms although there are some reputable casino that can have huge reputation but still it's not an ideal plan to actually save money in a gambling site and it would be even worst if you actually lack control over your gambling acts

Wasn't this one of the plots for an episode of the Simpsons? When Homer decided to save money for Lisa's high education within a poker gambling website instead depositing it on a bank account?  ;)

Anyways, I would personally not deposit savings in a casino. I assume that the money deposited there is not protected by the same laws which are used to protect bank accounts in the case of a bank going through bankruptcy. The only instance I would actually see someone using a casino as a saving account would be if that person does not have access to traditional banking for whatever reason.

Savings belongs to an account or investment portfolio. Pocket/gambling money into the casino.

Even if it's possible, why would someone do that in the first place? A casino platform is meant to be used for gambling just like an exchange platform is to be used for trading purposes, none of these two are to be used as a storage for your money since they are not built for that and there can consequences for that. One can easily keep their money in a wallet and keep that encrypted and safe, is it that difficult to create or get a wallet? It definitely isn't.

I don't even know if a casino would allow you to just keep your account idle while it's having money, they might even ask you to withdraw the money if you are not using the platform, even if they don't, what if something goes wrong like the platform gets hacked or maybe your account gets compromised?

Yeah, Casino has rule about this on their ToS that they have the right to freeze, confiscated or lock the money inside the casino wallet if there’s no activity done on the account for a certain period of time. This is a clear sign thay casino doesn’t want to be use as storage instead all money should be withdrawn when you are not using it.

There’s an exemption to this if the casino has the feature to invest on bankroll.

casinos are not wallets, in casinos there are rules such as the rules that say that when a person makes a deposit, that person must play with 100% of the deposited amount so that he is later able to make a withdrawal, in many casinos this rule It is much heavier, reaching the level of asking for 2x or 5x or even 10x of the amount deposited so that the person can make withdrawals. imagine that you have 1000$ that you are waiting for someday to be used for some urgent problem, you take that money and fall into the madness that you can save that money in some casino, make a deposit in the casino

what you will see next is that you will no longer be able to withdraw that money, because you will have to play with all 1000$ to be able to withdraw, if they are in a casino with 10x requirements then you will have to transform the 1000$ into 100,000$ in played money to be able to withdraw, so the real chances of you actually being able to do that are few chances, that is, your 1000$ will be lost the moment they are deposited in some casino. I believe you have already heard this phrase: only deposit money that you can afford to lose. this is not a joke phrase, it is not a phrase created to be a joke. this sentence is very important that all people take it seriously

casinos are not wallets, casinos are not places for investment, casinos are places for fun, when people put money in the casino, they are putting money for fun and should not expect to leave with profits. this is the same as when a person buys a ticket to watch a movie at the cinema, that money that was spent buying the ticket is money that will not come back, but the person will have fun with the movie that he will watch at the cinema. this is an example of putting money into the casino. I hope you don't use casinos as if they were wallets, because you will lose money if you do.

I actually thought of this before sometimes. I think there are millions of gamblers around the world that are just leaving their money in their wallet accounts in casino websites. If there was certain incentives these money could be used in different operations that would benefit both casino and customer. Its actually neat idea if you point out potential here but as we all know its up to big casinos and their decisions.

I personally in this case still keep money in my gambling wallet but it's only a small portion because every week I always budget for gambling so even if it runs out then it doesn't matter to me especially now I always like sportsbetting especially in football so every week there must be a bet that I do because otherwise there is always a sense of lack.
As for when we do have self-control I think it's still a problem to keep money in a gambling wallet because even if we can control it but there is a condition that we might be consumed by the aggressiveness in gambling that makes us forget that limit so I think it's still a careless act if someone keeps money in a gambling wallet especially if it's savings that are not intended for gambling.

This is the problem if a player decides to leave some of his funds inside the casino.
There are casinos that they will charge the player if the account is inactive for certain number of months.
So better transfer your money to your own wallet if you will not be playing anytime soon.
It is like giving your money to these casinos if you happen to have long pause about your gambling activity.

Business entity are very difficult to trust, they will disappoint you when you least expect and when that happens, it will end in regret and had I know. To disallowed this from happening to you, it's better you don't think of such idea because any business can become crippled in a day and if you have something stuck in there platform, you will be a victim. You may likely get your money or you may not get it, that depends on if you really read the terms and conditions during the course of registration, if they gives reasons why you may not have your money and you agree with them, then that's all for your money.

Your wallet doesn't itch you I believe, why not save it under your care instead of entrusting your money into another people you just won their money, don't you think they get hurt when they see you win and your balance keeps increasing. The early you start practicing self holding the better and safer your money.

Probably they are leaving that money on a casino site because they still have the intention to gamble and that is the most convenient way for them to continue gambling. I honestly see this as a risky decision to put big amount of money on any casino and leave it there because you don’t have the control over that money and if something bad happened to that casino for sure your money will also be affect so better to think about before doing this.

Just like the banks, they've got rules about accounts that are dormant. So if you're not going to use them, your funds might just be forced to get withdrawn or they'll take it. I haven't thought of this but I think somehow there are some reasonable reasons why some are doing this.
They're keeping funds and wealth through their casino accounts so that they won't be traced on how much wealth they've got, maybe some like that? But casinos are casinos and they should be used the way they are and shouldn't be a platform to keep your funds not unless they've got some good programs that makes their users keep money through them.

It is possible but this one depends on the person.  Saving an amount is doable because the person involved wanted to do so.  It become non-doable if the person don't intend to save anything.


As long as your account is active, meaning regularly logging in, and it follows the requirement for being an active account and does not do any breach of contract then I do not see the account getting blocked and fund suspended.


I am asking then why are you trying to save your funds in a gambling platform when you can put it in a non-custodial wallet where you have 100% access.  I believe it is not wise to make the casino platform a bank since it is not created that way.  But obviously you can casino platform it a stash for savings but you need to meet the wagering requirement in order to withdraw those funds.

You could be right mate, as we speak there could be some persons who have their several wins stock in one of these gambling site they are using waiting for when the money will amount to maybe 7 figured before they will make withdrawal and they can be doing this without a prior notification about the risk associated to such method of savings. Like one comment from a member stated in one of the atop comments that they can be labeled with money laundry charge which could lead to the loss of their funds as you may not have forensic evidence to prove otherwise particularly if it happens to be with a non reputable gambling site.

If it's about benefits then I think the casino will definitely have the upper hand here because they are the ones holding your cash and one thing about gambling is that when we gamble and lose these casino make their profits from there so you saving more there won't even guarantee you much profit and benefits also because I know the casino won't applaud you for saving your money by giving you big bonus, it's just you who will be tempted to gamble all that money there and give the casino profits from your losing

Upsides of keeping your savings in a betting account:
- None

Downsides of keeping your savings in a betting account:
- You will probably never save.
- Your savings will be subject to the terms of a gambling platform instead of a bank account/bitcoin wallet (reduce sovereignty, higher risk)
- Temptation will be easier to succumb to due to the convenience of having the balance available in a better account.

If you are coming from the view that you can grow faster in a betting account than a savings account, that is completely untrue, factually and statistically speaking.

If I were you, I would never trust online sites 100%, especially to svae the money right there. Online sites, especially those that are gambling platforms, definitely have risks that might harm and harm us. Not only about hackers, but also scammers or fake gambling sites that might take your money. It would be better if we have won, we can make withdrawals on these assets, and leave only the necessary money on the gambling site to do gambling activities again, say as initial capital again for gambling. With this, we will not only increase security but also be able to manage and control our capital in gambling.

In the end with reference to some of the positives and negatives it is definitely not good to keep your savings in a gambling account as there is not even a benefit provided apart from the possibility that we will spend the money we saved in gambling.

I don't know if there are people who do this or not but if there are really people who do it without touching the money for gambling then I would applaud them because at the end of the day the condition remains the same when there is money in gambling then we will play with that money regardless of the amount.

The major problem is the temptation to gamble. When you don't have balance in the wallet one won't think of gambling. Myself used to play without bet amount, which means used to keep on rolling to reach a specific result. This used to be kill lots of time, and this used to be fun. When we have balance surely we'll get tempted to spend and multiply it. This is real risk when our choice is to save. Better choice is to save in a non custodial wallet.

In case you hold the many in the gambling sites,surely you will use the money again.But if you keep the money in the bank account,you can use the money on emergency.Then you can control the gambling playing time period with certain time period.

My friends had the habit of holding the money in the gambling site itself.When I had asked them,they told me holding the money in the gambling to save the money for deposit into the gambling.They also usually withdrew the money after they earn from the deposited money.But I keep the balance money in the bank account for my emergency.

And it is precisely that attitude that gets people into trouble on the first place, with the idea of saving themselves a few dollars they devise this strategy of keeping their money at different casinos thinking they are outsmarting the system, then comes the day in which they need to make a withdrawal and then they get surprised they face a KYC verification which takes them some time to pass and that they were completely unprepared to confront at the moment.

This is what should everyone do, 2 better things at the same time for a better security.
Other thing to remember is that there are some casinos that charge a fee their inactive players, it means that someone use this casino to save money only without playing for long time then there will be a possibillity that the players lose their money due to the fee.
Anyway where is OP? He created this thread and ask about something but he gave no reply at all so far, does he already notice that his idea is bad?

For the love of all that's holy in this world..NEVER...use an online casino, or any casino for that matter to store funds for any sort of mid to long term holdings.  First off it's not the safest place to keep it, secondly you're not earning any interest, third it might entice ones self to gamble when they probably wouldn't have otherwise.

I keep as little cash on hand as possible so that it can remain invested, and keeping it in an online casino account is not investing.

If the withdrawal fee is too high or the threshold amount to withdraw is too high, the gambler might actually just think of storing the coins inside the casino. Especially if he still plans to play over and over.

I have this dilemma as well when the casino tokens I have invested are to remain in a casino for staking which I also earn some revenues shared to users who stake casino tokens. Somehow few of my coins are in the casino. This is not a different circumstance I think.

Totally different since we are talking about casino tokens comparing when Bitcoin is on your balance on which you would really be definitely be thinking that you should really be needing to pull out those funds rather

than on making it parking on there which we know that any platforms no matter how reputable they are, they would be still having the chance on getting away with your funds and this is why its never been that
ideal on making these places as piggybank but just the same on the thing you had said is that you cant really be thinking on pulling those funds if you do have that kind of behavior or having the hobby on playing gambling because you would eventually be losing and spending those money back in the house without that kind of savings or storing it out on your gambling account.

Even myself wont really be having that kind of consideration on which making it as a wallet. There's no point on doing so and we arent that dumb on not to be able to identify or able to know
about the risks behind on making them as a wallet. Its totally incomparable if we do speak about those dedicated wallet for specific sole purposes.

I think what you are saying is different from what ChBitCty is saying, owning and keeping casino tokens in the casino is completely different from keeping random tokens or coins on the same casino, this is because just as you have said, keep the casino tokens on the casino is seen as staking by the casino and they are paying you some kind of interest for that, but holding other coins like Bitcoin and the rest on the casino earns you nothing , so it make no sense to leave those coins there when you know you are not ready to gamble with it , though I hardly hear or read about casinos being hacked or something similar, but not withstanding, gambling casino are the worst place for store your coins , then followed by cryptocurrency exchanges and every other centralized platform,  then before we can down to some non custodial wallets that are really not also safe for use.

I absolutely agree with you.

In the crypto world there is one very important rule that should not be forgotten - it is recommended to store cryptocurrencies only on a wallet whose keys are known only to you. Keys to casino addresses are known only to the owner of the casino, so all funds stored there belong to him. If you are constantly gambling in the same casino, there is nothing wrong if you keep there a little money for the game, but large sums are better to keep either on a cold wallet or on the hardware wallet.

Gambling and trading platforms are not a recommended repository if you plan to make investments. However wallets that give you full custody are the most recommended for long term safety of your assets. Anything centralized is never safe for asset storage, so each of you should have sufficient knowledge of how and where to store assets.

If you are an active gambler, then it may be good for you to have some balance in the casino, but if you intend to keep it long term as an investment then I would never approve for security reasons. Be wise, but the decision is in each of you.

I think that saving money on any site is a bad idea, but on a gambling site may be particularly bad, as it introduces other concerns like if the casino can stay afloat, not be hacked, and not expose you to regulatory hurdles. Crypto is great because it allows you to self custody your coins. It is advised you take advantage of that.

I think there’s a huge difference between saving your funds on your account in a gambling site and having some funds left on your account to play later on.
I’m yet to see any gambler, no matter how much he plays on a site actually save funds on same site. I think It’s only natural for someone who plays a lot to have some funds left in his account to be able to quickly and comfortably play later.
Someone noted earlier on this thread about saving on gambling sites is similar to saving on exchanges but only more dangerous and I agree. Your money saved under your mattress is safer than in a gambling site. 

Saving a small amount of money we can use in the casino to play gambling the next day or a few days later is okay because that is the amount we have prepared to play gambling again. But saving large amounts of money, especially if it is for future preparation, is not recommended. The risk will be bigger, and we can get into more trouble later because we can accidentally use the money for gambling, and even we can use all the money at once.

Therefore, it is better to immediately send it to a hardware wallet or whatever you think is safe, and no one will know where you keep your coins. Never store your coins in places like exchanges or casinos. We have to think about the risk that could happen later, and we don't want to regret it because of our negligence.

For small amounts then it would be that considerable but for bigger amounts? Its a big NO! I wont really be that confident on storing up a huge amount on gambling account. How much more if i do able to win big?

You would definitely be thinking on getting those funds and wont really be sitting idle on a gambling site for too long. You wont really be making yourself that too confident or really at ease if you do know that you
do have something big on your account which it isnt really actually yours since you dont possess the wallet keys which it would really be just that a normal reaction for those people who are really minding about that true control of your funds and not letting it sit on something centralized or you dont possess the keys. There's no point or having no sense on saving your money or letting those funds be stored on a gambling
site unless if you are really that planning on spending it all on gambling site or into your next gambling session then it should be fine but if not then its not ideal to be there.

Bad idea!
We've already had several reports of exchanges and other investment platforms that went bankrupt, defaulted and simply took all their users' money. And I could still cite several sites that until then were reliable and nobody suspected them.

Anyway, I am not saying that our favorite betting sites in this community can have the same purpose, but what I mean is that we already have enough risks involved if we are going to use it as a betting site, we should not exponentiate this risk using it also to save money.

And... obviously I couldn't resist the temptation to keep my money in a casino, and I believe that even the casino would create "incentives" for people to use that money in gambling.

Not only with gambling account but also exchange market account are not secure placed for saving assets, regarding have several exchange bankrupt and they don't responsibility with member fund not recommended for saving assets in exchange. The same with gambling platform, we can't expected with how long that gambling platform available to access due many regulation of some countries banned with gambling platform.  Better for saving assets in the Bank or for cryptocurrency use hardware wallet will secure how many years later our assets keep safety without worry with platform website close like exchange or gambling platform.
But have difference ideas with politician, they use offline legal casino place for saving their fund, based on police investigation many politician put or save much money with casino.

Obviously, you should keep only a part of the gaming budget in the casino to avoid unnecessary risks. Anything can happen, even a simple blocking of the account until the circumstances are clarified, but this will not be a problem for you if the main part of the game deposit is with you and no one can block it, or do anything else with it. After winning, you can also withdraw part of the money and leave on your account only the amount that is enough for you.

Your bank account is 100 times more safer than saving money on any online casino, and asking this question is not cool at all, it's the type of question that should come from a 6-year-old kid.

Online casinos can shut down their service any time and all they have is the only platform, there is no location or office anywhere, where you can visit and lay complains, it's a very bad idea, do not think about it.

Also, all online casinos are centralized, the only place that your money can be saved is in the bank, unless you want to invest the money, and banks won't favor you on the ROI side, better to invest the money into Bitcoin if it that's the case.

This is quite an interesting topic, I've missed a few days since this topic was published here, ok I'll share my views on this.


As far as I know, the money we deposit on a gambling platform will never be lost at any time, apart from the fact that there has never been a case of this that I know of, I also don't see any regulations in the ToS that say that money isn't used for a long time will disappear (at any site).


Intent to deposit it on a gambling site and have a desire to withdraw it at any time, this is in violation of the ToS against money laundering mate. Once I made a deposit to Stake.com and forgot to play it because I had other things to do, a few days later I had no desire to gamble and wanted to withdraw the balance I deposited, but what happened? they didn't process it for a long time, I asked CS why my withdrawal wasn't processed, they said that it was a prohibited activity, at least you have to play with the balance you have first.

True, but there is still a risk to lose the money in some serious cases such as the casino is hacked or the casino turn to a scam. So even if there is no terms that our money will not be removed from the casino but it is not recommended to save our money in online casinos for long time because online casino is not designed for this purpose.


This is the most common thing because of the wagering requirement for our deposit before we are allowed to withdraw it. Depositing money into online casino with intention to withdraw it anytime is obviously a big mistake, no one should use gambling sites as a "wallet" or bank account to save money.

No one can stop you to deposit and save your money on a gambling site. But first, ask yourself if that idea is a wise thing to do concerning your money. There's a high chance you'll be tempted to use your funds to play games. In addition, if you deposit money on a casino, often they have wagering requirement before you can withdraw your money, different from what you think that you can leave it then withdraw if already needed. Moreover, you can't be certain that the gambling site will exist forever so it's another risk if worst case happened and they suddenly stop operating.

Thus, if you don't like the idea of saving your money in banks. Why not try to use it to buy valuable assets like real estate, gold or even Bitcoin? Well, it's your money anyway so you should know better.

Gambling sites should be the last option when it comes to saving money online. I would even prefer to keep my money in a local bank that is regulated by the Central Bank of my country. This is because local banks are regulated by the central banks and customers can receive back their deposit if they have any problem. But these casinos are registered in countries that are far from me and I might not be able to sue them if they infringe my rights.

Many casinos tend to change their terms or services regularly and this can affect you if you want to withdraw your funds. They might start asking for more complicated KYC which might be dangerous to expose. I don't think you should ever trust a centralized firm with your funds. The best decision is to keep little funds that you can afford to lose. Casino accounts are not designed to save funds but to keep projected bets. If you want to save money, the best option will always be to keep Bitcoin in a decentralized wallet.

well, I agree with this. because sometimes a long time gambler suddenly ignores or forgets when registering at a casino, deposits money into it but forgets not to bet several times to withdraw the money and ends up being rejected by the casino.

but the most common thing that often happens is when new gamblers who do not know casino rules often have problems like this when someone first wants to gamble and registers at a casino depositing a certain amount of money but when betting does not meet the requirements to be able to withdraw the money, of course you will also experience rejection when withdrawing. and usually new gamblers will worry about this problem because they feel if they break a rule at the casino even though its all about conditions that have not been met.

and on the one hand saving money or funds to gamble on gambling sites is not the right choice but for people who do not know how it works will just ignore and carry out this activity.

If it were me, I wouldn't want to keep my money in a gambling account because it's vulnerable, and I can use it to gamble whenever I want. That is why I said that if it is small money, I think keeping it in our gambling account is okay because it will help us not to deposit a certain amount for gambling. But for large amounts of money, it's better for me to keep it in my personal wallet to monitor it directly. Moreover, we will not know what can happen on the casino site because if it is on the internet, nothing can be 100% safe, so we are responsible for our money.

Spending all the money in your gambling account is also not a good idea to do, especially if you have quite a large amount of money in your gambling account. It will only cause more problems once all the money is gone. It's better for us to gamble moderately and save enough money in a gambling account to keep ourselves out of trouble.

It’s like going to a candy store with you little babies and not buy them anything, that’s the case with saving money in a casino hoping you won’t spend that money in gambling and also praying that the casino will pay you back your money knowing that most of casinos require a wagering amount at least x1 time the amount of money you deposited.
There are several places to save your money and if there’s a list of places to do, Casinos will be at the end of that list and most risky places to do. And as you said I prefer to keep my earnings in cash better than this shitty idea that doesn’t give you any interest and can exit in any moment as we have seen lately with some casinos that were so trusted or we thought they are.

When you start storing money on a online casino what type of agreement you signed with the platform owners? Are you given the blank check book for withdrawal whenever you are ready to withdraw? Are you given an ATM card? MasterCard or other Debit card? Nothing I guess, is there any Bank related with the casino name?

It's like you are an alien or a newborn baby that came out of space, you can't tell it to my face that you know nothing about this, that you don't know this is impossible, casinos have nothing to do with payment solutions platforms where you can use to shop online or anything, they are far away from Banks and online payment solutions.

I feel like OP is intentionally just messing with us, he pretends to be a fool all because he is out of ideas on what to post on the forum.

It's okay, friends, because maybe this thread is also read by beginners so we can't measure it for ourselves, because as gamblers who have been involved in this forum for a long time, of course we already understand very well the risks of saving money in online casinos. It definitely won't be safe because the casino could be a fraud and take away the user's money at any time or have inactive users' money frozen like what happened to me.

Maybe those of us who already understand will see this as playing games, but this thread might be needed for beginners who have just jumped in and gambled at crypto casinos on this forum, I don't mean to defend but we also have to look at the other side of the purpose of this thread, I hope course can be useful for readers and beginners as long as he does not commit violations and spam  ;)

I know banks have their own issues, but still wonder why people will just decide not to save their money in banks that are safer at least someone can be held responsible, it does not take us anything to fund our betting account anytime we want to bet, even if you want to bet 10 times a day you can always fund it, I don't think there is any limit on the funding of account, and am not saying the betting company will run with anybody's money but I just feel that is what is best for me and I know many others will definitely go with what am saying. You made a valid point already, and if online casinos should shut down then there is a big problem then, where do one start from, like I said before anytime you want to bet fund it and place your bet to avoid stories.

I think he won't ask or think of it, if he knows that he can not control himself to gamble. Security won't just disappear just like that. Maybe a good hacker can access it but gambling sites will always try their best to fix and tighten it. You have no control about the security of a gambling site but you are free to pull out your funds if you feel that they are not secure anymore. For our safety we can do what you have said which is to keep our coins in our personal wallet.

It doesn't need to be an Ethereum wallet but indeed that most Ethereum wallets are non-custodial or we can have our own private keys. However, I don't recommend storing our money inside the exchange, as it is not different to storing our money inside a gambling site. But if the money isn't that huge, then I think it's fine or it's not a big deal at all, in case we lose it.

That's the point because no one can resist the temptation of gambling, especially when there is a balance in their gambling account, so by looking at this situation I think the context used as a title by the OP will be very contradictory to the treatment that occurs when there is money in the balance of the gambling account that we have. .
Not to mention the other regulations that exist on gambling sites because it is impossible for us to keep money in an account for a long period of time but not use it because they prepare a wallet in the account to fill it so that we can play with the money we have deposited.
This is the final conclusion that I see for this discussion because the conclusion will all be the same because it is impossible to do something like that.

How on earth will you think of saving money in gambling site, what if there is an internal or external attack launched towards the gambling site, would you hold them responsible for losing your fund?
If you have a safe custodian wallet why are you being careless to leave money into gambling site for no reason and whatever that occurred a long the process do you think the gambling site would be held responsible for lost.
Know one thing that says Not your key not your funds. Please move all necessary asset to your wallet where you have control.

Central Banks protect the commercial banks like liquidity locking and making sure that other banks have part of their reserves under them so that when bankruptcy should happen, it will be easy to have back up for customers, this is what casinos don't have, they don't have centralized or decentralized body that protect th customers from future uncertainty, that's why casino isn't a better place to live your money, some of them aren't even license with some countries and when the company fold up, the government will not be able to help you recover anything because they didn't even have their company register.

Many customers also don't try to read those terms and agreement in there website, and when calamity befall any casino, they cry for justice but meanwhile, they are the ones who failed to read the terms and conditions of the casino, I will never support the idea of saving money in Casino or banks, withdraw them in crypto and move them to external wallet where you can see and protect them.

Well, each player has their own way of thinking, personally I am not one to leave my assets in Exchanges, much less in casinos, because it does not make sense, I have seen some platforms that are in the forum and that later become scams and the Players keep their money there and cannot withdraw it, that is something quite sad, of course I am not saying that the platforms in their entirety are like this, there are very reliable casinos that you can leave the money, but they are not just any casino, For example, those in the top 5 are the best, like stake.com. bitcasino.io, among others, my selections of the casinos are always from the best casinos and the ones that give the most confidence, obviously there are many casinos where you have to comply with the KYC, but you have to know where to leave the KYC, because in these casinos if it is reliable that it is allowed, there is no problem, but looking at it from other points of view, more exceptions can be made as casinos come out that are at the level of these, obviously, it is not that they are at the level of these, because they are Older casinos have built their reputation little by little and that is not overnight, they have gone through many things, many acts where everything has to be taken into consideration.

For me, a casino that has other options where you have money placed in a high with or tokens and passive profits are generated, I really like the Betfury system, which, by having some of its BFG tokens, increases the income of the crypto otas that are the most important ones, such as ETH, BTC, among others, this is a great option where you have to take it into consideration and of course, the more BFG you have, the more passive income you have in those currencies, it is something that can attract a lot of attention, only that now it's not like since it started, now the amount of passive income that is obtained is much less, that's the bad thing about these systems, everything would be fine if this type of promotion is maintained in the casinos.

Agreed, I like to gamble and I do not judge anyone for the hobby but there is no way that storing our coins in a casino can be a good idea, any money which is there is always at risk of being lost as one day you may decide to gamble, lose control and then lose everything you had there, besides doing such a thing runs contrary to the ideas that created bitcoin, in which being your own bank is encouraged and letting a third party to hold your coins is discouraged.

Well, though you are right that all casino platforms are centralized, but aren't banks centralized as well? I also agree that casino platforms aren't a safe location for saving your money, but I would somehow think that banks aren't so safe as well since they can also go bankrupt and we have seen that happening a lot of times. Also, when a casino platform decides to shut down their services, they will always give their users some time to withdraw the funds.

However, that isn't enough reason for someone to keep their money in a gambling platform because that isn't the purpose of a casino and they won't be entertaining such things. They might even have some kind of rule or regulation about keeping your account idle for a certain amount of period, it might get locked or something.

While I do in fact make an effort to keep as little money as possible in my bank account as well because of the points you are bringing forward, there is a difference between casinos and banks, and that is that banks are specialized institutions meant to keep your money there as that is the reason they were created on the first place, and as such banks have the protection of the government and governments guarantee your funds as well up to a certain amount, something that you do not find at casinos.

this thread reminds of me of what happened to Stake recently where they just got hacked. not sure if the coins of the users were also compromised but hopefully not after all Stake is very rich and can refund all.

but what happens if it weren't stake.com? if it was just a casino that isn't very well known and only a few thousand in their budget for refunds then you lost your coins as if you are scammed.

The Stake is the top casino in the world and it was the reason for the refund of the money even after the hacking.But the small or normal gambling sites can’t refund the money,some may refund the fifty percentage of the money to the loss people.The worth of loss dollars 41 million will be the net worth of 5-6 casino was easy one. It’s better to play on the old and trusted casino,because their bank wallet is very high security.The Stake had huge security for the bitcoin wallet,So some coins only loss for the stake.

The casino site uses the same method as an exchange where the money we have deposited is not immediately on the balance site, but receipt on the cold wallet casino. So with this interclude, usually used by hackers to start running to take the all fund. I've come across cases where the hacker just got the balance on the site, not on the wallet real, so in that situation the hacker just got an empty balance or just a number, usually there is a warning, and there may be signs of being hacked, but not in the cold wallet, but in just a wallet casini where it's just a number.

Providing bankroll for gambling site could be a good way to increase your crypto holdings. Specially the coins you believe in would rise high in the future and doesn't have any better way of getting a reward by staking. For example no staking service would provide you more than 1% on bitcoin interest while its about 12% per year on bankroll investment. The only risk is about the gambling site going scam or changing its bankroll rules. Another risk surely is of you betting all your money out.
For people who religiously refrain themselves from betting and interest bearing wallets, bankroll investment could be a halal thing as here you share the profit. Though you should ignore that it's coming from people losing on gambling.

But be careful if you want to stake or invest in a casino and always make sure that the casino is a reputable and trusted casino so that you don't experience problems later. The risk we face when storing coins in a casino is indeed fraud or the casino changing its rules so that we have to withdraw the coins and move them to another wallet.

But the best place to store your coins is in a private wallet that you can always monitor and control. That would be the best place to avoid fraud that often occurs. And it's best not to use your personal wallet to connect to any site other than just to store your coins while waiting for the market to increase again or get a bull run.

If the website was good after you analysis by the data from the announcement details of the casino site,you can hold the money in the casin site.But for the safety,you can withdrew the funds after the winning in the gambling sites.In some sites,many people was report of not able to withdrew the funds after the big win.In order to avoid such things,you can do the withdrew immediately after the winning.If the money needed on the game,you can do deposit of money which you needed for specific game.The gambler can save their money in the wallet if the website had no trust issue to save the deposit time for the next game.The gambler can withdrew the big money after the big winnings from the multiple game.

Yes money can be saved there, but the problem with gambling sites is that they can close if they do not have much traffic to their platforms, they can be hacked to the point of no return as they lose all their money, they can pull an exit scam... I think the reasons not to keep money on a gambling platform outweigh the reasons why you can save on these sites. For anybody that loves their peace of mind better keep a small amount you can afford to lose and be able to play with if you choose to gamble.

Just because we know that the company lost millions in this hack doesn't automatically make them "Rich" especially that these companies do get external financing to look financially healthy we shouldn't get everything at face value...but if their liabilities and investors can all be accounted for and still have $$$ left in their bank account I guess we can call them rich! 

No it is never a good idea to save your money in casino accounts. First of all, you'll never know when these casinos leave the business. It could be anything. Site-wide hacks, account hacks, going bankrupt... They may decide to enforce KYC on you randomly... Let's say you are keeping your life savings (could be $50 or $500k or $5 million) in a casino account. Do think that's a wise idea? What will you do if something bad happens to that account? I hate banks like most people here but I haven't lost my mind that much yet. Don't keep big money on your casino account. Plain and simple.

I do hate banks as well but without a doubt banks is still better than casino account if the main purpose is to save our money.
But of course there are still some other better options to save our crypto, one of them is obviously using our own wallet.
Every option has its own risk so we should be prepared for everything and set the best security for our own assets to minimize the possible risk of losing.
Still, saving our asset in online casinos can be said as the dumbest thing :)

Saving $100 may not matter much as it is only used to play and make some bets. But if it is in the amount of thousands of dollars and is being deposited in a casino account, that is indeed a stupid move. Never mind saving in a casino account, even saving on a centralized exchange is a risk. It's best to keep it in a personal wallet and have full control. Nothing will be safe if the money depositor does not have full control. Personal wallet security is the responsibility of the user himself

Stake's hacked case was not affecting its users as explained by eddie if stake stored most of its fund on its cold storage. That's probably only a few percents of funds stored in the hot wallet of stake. The hacker was so crazy right now.

https://i.postimg.cc/zG7PfjkP/k7l7079.png

The hacker is now attacking exchange site. The amounts stolen from coinex goes to the same wallet used by the same hacker.
Probably, bankrupt?

Since that casino has no funds to recover its service and reimburse its users. People's money will be gone forever. Storing money in casino for long time is bad thing.

Keep your fund in a casino is not even the best because anything can happen to the casino and if the casino is not ready to refund the victim maybe after an hack, that will be a eye opening to everyone who think a casino can be use as a saving account like a bank or saving box. I can't even imagine why we are going to think of leaving our funds in a casino for too long whether it has a good reputation or not. It is better we are wise and take decisions that will not affect us in a long time making us to lose money even when it does not meant to happen.

This is where it is important for us to pay attention to the security of the gambling platform we use. Don't be easily tempted by attractive offers provided by gambling platforms whose licenses and security are unclear. and I think that quite a few people have been fooled by gambling platforms whose licenses are unclear. And they can be fooled by fake gambling platforms, due to laziness in looking for clear information about the site and also carelessness because they don't pay attention to the security in it by simply registering and directly agreeing to the terms without reading carefully the terms and conditions therein first.

It is possible but it's never been a good idea to begin with and if you will do that, I don't know what will happen to you next as there are lots of risks entailed with it. I mean it doesn't really make sense at all; we are already avoiding banks because their interests cannot match up the growing inflation and then now you are trusting your money with in an online casino just because they are reputable? Remember, it's not your money if you are not really holding it yourself.

I am sure, for those who are not familiar with gambling then of course, they will not save their money on online gambling platform. But for those who are used to gambling because at the same time, they are also used to making deposits in online gambling. So at least, this factor will make them feel comfortable saving their money on the platform they usually use. But still, saving money on an online gambling platform will not be right or good if you use it for the long term. But it's also possible, if the gambling platform has a license which of course, will make its users feel safe. So yes, it is possible that there are many users who save their money there for a possibly longer period of time. But one thing we must remain aware of is that we must also have awareness and calculations about the money we should to save and the money we will use for gambling.

Totally stupid move and decision that would be made and most likely those amounts or funds would really be spend on doing gambling in that said platform knowing that you do have the funds on their which you could easily make some gameplay ro bets all you want since you do have the balance which it would really be putting up that money of yours at risks on spending it all which would be leaving out that kind of regret.Next problem would be is about that safety of funds, we do always know the basic principles that not your keys then its not your wallet and holding up those coins on a centralized wallets on which you dont have the possession
of those keys on which means that on the time that they would really be deciding on running away their users funds then there's nothing you can do about retrieval or getting those funds back but you would really be just simply weeping your tears in the corner. Lastly, who would really be on their right minds on storing up their money on an online casino if they could really be able to do so with their own crypto wallets or simply
if this in fiat form then you would really be trusting up banks for sure, no matter how much we do hate it but cant really be denied that these institutions is more trusted and capable on saving up your fiat.

On one hand, I would disagree with you but on the other hand you might actually have quite the valid point, there.

I believe that saving is the worst thing you can do with your money, because the fiat system is expected to intrinsically have faults in it such as inflation (or in other words, the government infinitely printing money). But then again, this has to do with the worth of the money fluctuating in value itself, rather than gambling prices changing. Since there are no prices in gambling, you can gamble any amounts of money that you wish to gamble, as long as you bet the minimum amount.

So ironically, for gambling nothing changes, whether you save or do not save your money. The only thing that changes is how much your money is worth.

The good thing that I see here is that you have developed a plan and that you are separating your gambling funds from your personal funds. This shows a good level of discipline, which is sorely needed in the gambling world. Furthermore, if you bet with Bitcoin, it is always a good idea not to spend Bitcoin too soon. Save that for later when its worth more.

If you are a company like stake and was compromised of such amount of money, will you say that the customers money was compromised? Of course no. They will not announce any damage control so as not to make people panic, they will make it look like as if nothing happened and find a means to cover up. This kind of loss can take years of revenue before they recover and if they successfully caught the culprits, they will recover fast but right now, the guys have not spend the money from the wallet and nothing has been found so far from the lead.

To gamble, you have to keep your money on the exchange but I'm not sure if those money on users balance are reall, they could be dummy text t represent the equivalent amount they have under the betting platforms and when it's time to withdraw, they pay the owner to their destination address. But if that's their real money on the platform, many betting platforms that do that will by now learn lesson from stake and find alternative that is better.

If they have $1000 dollars for example in a gambling account it's not a problem because it will be used for the bets they often make, but if there is an intention to keep the money in the casino then that is reckless IMO.

Are there no other options than at the casino? It's clear exchanges are better for depositing than in casinos "even exchanges are still risky" But there are still other options with non-custodial wallets.

Can't believe there are people with behavior like that, I entered the casino just for entertainment with a few dollars to play with.

Assuming you are not fan of Bitcoin, saving your money in the bank still the best option than saving your money anywhere. The bank is insured so if there is a mismanagement of funds that leads to a shutdown of the bank you get your money back and in full. And you can even sue them if they refused to give you your money. A casino can shut down today and disappear without a trace. You can't take them to court. No one will be held responsible aside from you.

Saving money on gambling sites is not a good idea, even for well-known sites, I don't think it is advisable to save money there. If you understand crypto storage security, you actually agree that it is not safe for us to store money on centralized exchanges. Moreover, saving money on gambling sites, this is a fatal mistake.

Apart from that, saving on gambling sites also makes us wasteful because we will always decide to gamble again. In the end, we cannot control our emotions when gambling, especially if we save a lot of money there. It's a good idea, if you want to save on a gambling site, just for gambling purposes.

While those gamblers are confident in saving their money on the casino they use, there really are those people who are doing this for their own particular reasons that some may not understand. And despite you give them a warning, they know what they are doing.

It's just like the exchanges that we're using, they're also licensed but we don't want to keep most of our money there. If you like to do that and has full confidence on them, you're free to do that and no one can stop you. The only reason why we're telling not to keep that much is because we don't have the custody over our deposits here and whenever an attack happens and the attackers are able to touch all funds including yours, it's possible that you wont get any refund so there is no assurance with that.

True, I wouldn't want to keep my own money on a gambling site or even in a crypto exchange because it's not safe, especially if you plan to save a huge amount over an extended period in a casino or a CEX.

As the famous statement goes, 'Not your keys, not your bitcoins,' or something similar to that. So, I'd prefer to immediately transfer my winnings to my own personal wallet instead of leaving my money on someone else's website.

Of course, some casinos cheat, but before that you can look for reviews of quality casinos or read information about this on the forum. But you need to remember that some reviews may be custom-made. Also, you shouldn’t keep a large amount of money in your account for a long time, it’s like storing crypto on an exchange, remember: not your keys, not your money.

Unscrupulous casinos don't like it when people win money from them. They divide accounts into 2 types: those that are losing all the time and those that are winning. So, for accounts that have won and are trying to take money out, the casino can put them in trouble and demand verification and a bunch of other documents so that the player has money in his account. And while your account will be additionally verified for days and weeks, you can try to play again, but this time you will leave all the money to this casino.

Gambling sites aren't one of the safest places to for anyone to save his or her money and that's because of the fact you won't be totally in control of what happens in the site since it was launched by another party. Sometimes, these gambling sites are attacked by hackers and and some people whose money are on the sites ends up losing their money. Also the security of some of the gambling sites aren't that strong and sometimes as well people do maneuver them and get their customers personal login details and take everything they see in the account.

We gamble to earn small change from the system, we just have to stick to the system and probably learn alot of things. Other than settling for gambling sites, which I find very challenging, there are various methods of saving money. Doesn't seem it interesting to save money on gambling sites? Of course, this is one of the worst decisions that could lead to account insolvency. There will be tempting functions and circumstances that encourage placing wagers on games with money that has already been deposited on the sites, but we risk losing everything we put in.

There are many cases of losing money when someone entrusts their money to a third party regardless of whether it is online or offline. Casinos and exchanges are not reliable long-term storage wallets, but you can always use them for short-term needs. We have heard the wise advice that do not entrust your money to third parties, it is never safe because it is not your keys and not your coins.

That will be a bad decision to make, first of all it’s not really good to use a centralized system for saving of funds followed by the risk that gambling platform have, in the aspect of one falling into the temptation of always wanting to gamble all the time and trying to check out all new options on the gambling site.

having money already in a gambling account makes it easily for a gambling to spend more than they have planned to gamble with because they will no long have to think about the stress of funding the betting account and aside from that of what just happens to stake few weeks back repeat on your choice of gambling site then you will have to face the consequences your self as you can’t predict if you will get your funds back or not, so the best thing to do even if you won those funds from the casino is to withdraw them out and save only the one that you plan to use in their that way you can be rest assured that you don’t have much thing to be afraid or even worry about.

Even though the casino site is good, it doesn't mean we can save a lot of money in the casino because we have to avoid bad things happening to the casino at any time. This is for the safety of our money, and we have to keep it in another wallet and not keep too much in the wallet on our gambling account. Apart from that, it will be difficult for us to control the money because it is not stored on our devices. By storing it in a personal wallet, at least we can avoid hacking an account, which still often happens in casinos, either because the casino's security is leaked or we don't activate all the procedures the casino has suggested to us. And even though the casino is a trusted casino site, we don't need to keep money in our gambling account. We are responsible for the money we have.

That is another thing, since you have mentioned about the casino being closed. When you've been on hiatus and the casino where your money has been deposited, you're trusting them but they've sent you a lot of notice and you didn't noticed it because you're too confident. Then, the deadline comes for the withdrawal and your money is still on them, they will take it no matter what unless they will allow you another chance to take it. That's another disadvantage of it, even you trust them but you don't know what's happening on their internal affairs that they already have been dropping and cutting cost but they're not sustainable anymore. So, missing the deadline is gonna lose your money as it's on their email notice. And this scenario happens and will happen in the future for some other casinos there.

Exactly, you'll never know if they're already being in the eyes of the hackers and the next one to get hacked. Most of the casinos are investing into security, the big ones but if you ever do this on a starting casino and not yet established, well, you can't ask for more.

We can’t say it blindly,if the gambling site is good by investigation.We no need to worry about holding the money in the gambling sites.If the gambling site you are using is huge trusted among the gamblers over the years,you can hold the money with the doubt.Better keep some investigation on the gambling site,satisfy yourself is important one before holding the money.You should not get worry on the website and worry by random holding.Take a week to investigate and use the time..Then you can keep the money in that gambling site for the longer period and use the money on demand.

I think @ndutndut doesn't say claim it blindly.
Whatever the reason, it is always not advisable keeping money in the gambling account. It is not only about the security or popularity of the gambling site. When we have money in gambling site, we probably use all the money for gambling. Sometimes, it is not easy to control emotion, we can think to chase winnings. In this situation, we easily gambling more and more because we have saving money in gambling account. But if we have no saving money in gambling account, we can be easier to stop gambling whenever we are difficult to control emotion.

So, even if the gambling site is very secure and highly trusted, it can't guarantee our money safe. It is because of our habit in gambling, there is always the time when we are out of control in emotion.

Well, there is no impact on the stake users as Stake being the huge gambling casino, has already compensated the affected users but again this does not mean that we use the gambling sites as wallets and save our money on those sites.

You should only deposit the amount with which you want to gamble and the rest amount should be in your personal wallet and on the centralized casino sites. Even your money should not be in any centralized sites including the trading platforms or the online wallet sites that do not give access to your private keys.

I agree with you that not all gambling sites are fake (cheating). There are some people who dare to save their money on gambling sites that they think are accurate and trustworthy. I once heard of someone who dared to save his money on a gambling site because his money was lost when he deposited it in a bank, even though the bank was already familiar to the general public, therefore he was more confident in saving his money on a gambling site.
From this incident we return to ourselves, we can determine the best place to store our money so that it is safe and always be careful in making decisions.

Sweet Jesus!  :)
Keeping and saving money with gambling sites is no different from leaving your funds or cryptocurrencies on centralized exchanges. I wouldn't want you to do that. That has got to be very dangerous approach with your funds.
Same advice gotten from cryptocurrencies can also be merged when betting in a way to manage risk's and all that matters.

Just like the recent stake happenings, what happens when you have your account and withdrawal of your funds totally locked?  You don't want that if I guess, so it would be a total dumpster moves to leave your fund on a betting and gambling site. prevention is better than cure.

Casinos are not where we store our money even right now on those exchanges we intend to store our assets there, but we refrain from doing so because we don't have full control over them. How much more so in casinos where it is a playground of gambling?
 
No matter what the reason don't store any money at the casino, it is better to cash it out and store it under your bed. Mostly the reason for this is that you don't have complete control over your money and anything can happen to it.

You can save money wherever you want, but the question is why should you save it there? There is no guarantee that a betting account or gambling site can be accessed forever, what if their website suddenly cannot be accessed, of course your money that is there will disappear in an instant.
You have to realize how difficult it is to earn money, the fatigue and time spent just to collect money. Choose a storage location that you can control. If the money you mean comes from winnings after you bet, immediately withdraw it all to save it somewhere else where you can maintain a level of security. You have to manage your money well to prevent risks that might occur.

Exactly! I mean, why would someone want to keep their money in a casino? What's the point? People are so busy doing the opposite thing because they don't trust casinos with their money and then I find something like this that casino can also be a vault. It's ridiculous, nobody in the right mind would do such careless things as it's like you're just giving your money away.

I don't know why did think of this thing? but after reading this topic you made, you showed that it's good to make a crypto gambling platform like a bank to hide money, right? You know, if I have money to hide because I don't want to keep money in the bank, of course it's here in the cryptocurrency business with non-custodial wallets or hardware wallet.

Now, if you put money in the gambling casino here in the crypto space, it is up to you to choose. But for me, that's not a smart way; rather, that's a stupid decision that a gambler would make. Sorry for the term I used. Why? I have read a lot of people on this forum who complained that they could not withdraw the money they have from the casino platform here in the crypto space, and most of the people who complained that their accounts were banned or locked, which is no different from banks in that they can close or hold your account without telling you anything even though they have a license to operate gambling.

Actually, it's okay if you save money in your gambling account for whatever reason, but we don't know what the future holds for these gambling platforms. Are you sure that the money you put in your account will remain safe? or the platform will not go bankrupt? Or can you withdraw it whenever you want? no one can guarantee this. Therefore you need to think about these things before putting money in your account for a long period of time and in fact it is much better to put your money in a crypto wallet or bank if you plan to hold the money for a long period of time because of that. clearly more secure and guaranteed.

Since you say the reason for this topic is to keep us busy, I will not say much but whatever you are up to, just know that this idea is not a nice idea and should not be given a second thought before you discard it. Aside the fact that you might be tempted to bet with the money, gambling sites can seize to operate at any given time without notice to its users and if that eventually happen, your money is gone.

For a non gambler to interact with gambling sites is even more dangerous than when a gamblers does. Firstly, they might attempt to give it a try one day and consequently becomes a gambler who knows nothing about financial and risk management. You can imagine the damage saving money in gambling sites might cause to them. What happen to your banks and wallet address if I may ask?

What about FTX? this exchange was big and has no hack history before, but after once get hacked, the site went down and every customers right now praying to get back their money. Wasting time for hoping them to return the money because you need to follow complicated rules and long requirement, will you want to accept this?

If you were leave your coins in non custodial wallet, you will not face this kind issue.

People probably already know that storing our assets in a casino or exchange is not recommended, there are many things that can make us lose these assets, the casino closes, our account is hacked or when the casino applies a fee for dormant accounts so it's better to save it in our personal wallet, but currently casinos also provide other ways for gamblers to earn income such as staking or investing, things like this that players may not be aware of can also give us the opportunity to lose, so apart from that, never put our money in a casino and if we want to following other features, we must understand the risks and only use money that you can afford to lose.

Very well said. There is a risk in storing our money in a casino, and it's not the right place for that purpose. It's better to save it in an exchange than in a casino because casinos might even close a dormant account. By 'dormant,' I mean an account where funds are deposited, but the owner is not actively gambling. In my opinion, this is not ethical.

I personally have never done this, because the balance in the casino will only continue to encourage us to bet, the casino is not a safe place to store it, especially over a long period of time. In my opinion, generally gamblers who have a balance in a casino aim to play only once, there are 2 possibilities to spend or withdraw if they make a profit. As long as I play at the casino, I will play whatever balance is in the casino until it runs out or until I reach the withdrawal target. A few days ago, after I got my winnings, I withdrew it to my wallet, and after a few hours I deposited the money again. But in smaller quantities. In essence, this activity is often carried out by many gamblers where they make withdrawals but their ambition to play is still not fulfilled which results in the money they have withdrawn being deposited back into the casino.

You are right, but on a general term, it is still better to deposit the money back into the casino when ever one is ready to play than leave the money in the casino, most especially if the money in question is tangible.

Except the gambler is someone who gambles very frequently and stepping out out of the casino is just taking a break for them, which means he or she will return back in few hours to continue gambling, then I will say that there is no need withdrawing the money, and then coming back a few hours later to deposit same money and continue gambling .

But for the occasional gamblers, it is much advisable to withdraw your money, for he or she knows not when he or she will come back again to gamble. I personally don't leave money on casinos because I am an occasional gambler, I can only leave the money on the casino if it's between $1 to $9, anything above that , I will withdraw it to my wallet.

Every person has the thought of spending the future happily in peace and comfortably. That's why people save money thinking about the future. But you said it is safe to deposit money on the casino platform? I want to tell you that depositing money in any third party account is not safe. I never say it's safe to deposit money, especially on casino platforms. You wonder what your situation will be when the casino platform can scam you. So you have to be careful in advance, even if you are thinking of saving money on the casino platform, shake off that thought from your head. You will never be fooled by it.

Many well-known crypto casinos have been around for a long time. I can assume that most of them are trustworthy and reliable. But the question we have to answer is are these crypto casino banks or gambling firms? If they are designed just for betting it will be appropriate to use them for that purpose. Only money that is meant for staking should be kept in a casino to avoid unforeseen circumstances. When one gets a big win,  the best option will be to withdraw from the platform and send it to a wallet or a bank account. We have had issues of casinos disappearing with people's funds because of issues like government regulations or bankruptcy.

Many casinos can be trusted, but it would be even better to keep these assets in our wallets to control them fully. We also won't always worry, especially if negative news is released, which could cause everything to change negatively. We only need to keep money in casinos to gamble instead of saving for the long term. We also don't know how long the casino will be able to operate. So instead of taking excessive risks because we don't know how long the casino will be able to operate, we should send the assets to another wallet so we won't worry about anything. Apart from that, we must be responsible for our assets and not keep them in the casino.

This is the risk with every online casino. There's a risk of them shutting down if they go bankrupt or face legal problems that force them to cease operations. It's unwise to treat online casinos as a place to save money because their primary purpose is for gambling and entertainment, not as a bank. I believe casinos also have rules on non-moving funds to protect their interests. What would happen if all gamblers chose to deposit their funds, assuming the casino will safeguard their money? It would defeat the purpose of a casino.

         -    It is not right to put money into any gambling platforms; it will be dangerous for the money we put in for sure. It's just that if we put money into crypto gambling here, you can't just take it out right away because you'll need to meet their wager requirements first, so your money will be reduced immediately because you can use it for gambling.

Although anyone can do that, it's a big mistake unless you really want to gamble. It's still very difficult to choose casinos today except for the ones here on the forum that have been operating for a long time. Here on the forum, it's okay to gamble, but it's still not good to save money on them either, of course.

Not to encourage anyone to just store their coins in a casino that has been operating for a long time all because you constantly bet and don't wanna pay transaction fees from time to time, it's best that you don't put all your coins in the casino though.

There may be casinos that we can trust that won't just shutdown in a day and owners disappear. But it's the hackers that might be a threat to your funds. It can only be good if the casino owner will honor their words in their policy pages.

Saving by this method seems too risky, agree that many reputable casinos, they will still store our assets there until we use them again but the world's economy is getting more and more difficult than ever, many websites about crypto exchanges are also forced to close, when we do not closely follow and do not clearly understand this information, those will be unexpected losses. From another perspective, the intention when depositing money on gambling sites is to play, I'm not sure that many people can ignore the exciting and money-burning events here

Yes, the risk of casinos closing if they go bankrupt or face legal problems is something we have to worry about, especially if we still have some assets in the casino. We will be confused about how to withdraw all our assets in the casino while the regulator investigates the casino. That will make us sad because we can't do anything and just wait for a decision from the casino, which will allow its members to withdraw all their assets until a certain time.

And that's why we don't need to keep our assets in casinos or on exchanges to avoid bad things. But if it is a small amount of money that we are prepared to gamble with, it doesn't seem like it will make us too sad because it is an amount we can afford. That's what we have to pay attention to so that we can choose to store all the assets we have in other wallets that we can fully monitor and control.

Of course that's a bad idea, unless that's your gambling budget.
Saving money on gambling platforms for any reason including investment is not recommended, of course because of the risks. Gambling platforms may freeze your budget due to rule violations you are not aware of, casino bankruptcy, forced closure or other reasons. So don't take a big risk in choosing a casino as a place to store your money, it's not good advice.

For some reasons, you can still use gambling platforms. But I never think that you will be completely safe keeping your investment assets in the long term in a casino even though they have a good reputation over the years.

Some people might actually not know the risk of leaving there funds on gambling or trading platform as some think it safe using these platforms as a wallet especially with exchange sites. I personally experienced these on both platforms whereas account may get deactivated due to dormant status whereas you may not be able to retrieve funds as they've sent email notifications but luckily some platforms allowed me to withdraw these left funds. Also, multiple scenarios could put your funds at risk such as what you've said and scenarios like leaving certain altcoins on exchanges which they may removed on the future.
But yeah, to put it simply you put your funds at risk if funds are not on your own possession of wallet whether it'll be for a short time or long time.

Why would you want to save money on a gambling site despite the fact that there are various types of investment and money saving mediums like bank deposits, gold, silver, real estate, bitcoins in the country? lol. Saving money on a gambling site is the same as putting meat in front of a tiger's mouth. So it would be one of the worst thoughts if one wants to save money on gambling sites. A gambler can never control himself when there is money on the gambling site and he will rush to gamble with that money. and lose that money

Third parties are not good intermediaries for storing assets / money there is always a vulnerability where they will leave or close their platforms for various reasons so it is important to pay attention, even if for the short term it will not matter as long as there is still vigilance from us.
Not your keys, not your coins. This saying is very clear that if they don't keep the key then it's not your money.

There has been a lot of love crypto markets and gambling close? That will be a lesson for us.

Gambling sites is just like exchange,  it will be so risky to save money on gambling site because anything can  happen which know one can predict the future of any gambling site. I every gambling site is just like every centralised exchange that money are not totally safe for people to make savings in it. I can't still figure out why one would prefer to make gambling site a place for savings. Let gambling site serve for it purpose and let the bank serve for the purpose of savings.

Saving money in a casino is the same as saving our money on the same exchange which carries a very big risk if one day bankruptcy occurs or the site is hacked and of course we can't blame anyone after a problem like that happens because everyone knows, even online criminals also know. If gambling and the exchange are the biggest places for money and there is a risk of being hacked by hackers, it is very unsafe to save money in these two options.
When someone says it is better to keep money on an exchange rather than on an online gambling site that is a very wrong statement, even keeping money in a personal wallet still carries the risk of being hacked.
So nothing is truly safe in the online world unless you hold the money in fiat, which is much safer.

I also enter casinos for entertainment only, not to earn much income. I use the minimum funds that I have set, it will not be more than what I will spend. Storing larger assets is of course in a non-custodial wallet, that's the best. Saving at the casino is only a few tens of dollars in playing capital. It depends on each person's ability, if you have $1000 to use to play then it doesn't matter because it will be withdrawn again in the end if he wins.

Making money online is simple, we just have to develop brilliant ideas that would explore the necessities that surround us. Saving money on gambling sites, we tend to be open to major risks which would probably having a negative effects on our accounts. How would one even think of saving money in a gambling sites, it makes no sense to me because we have banks and our crypto exchange and wallets. Firstly, we tend to be tempted and would want to place wagers on these games and at the end of the day, using budgeted money to gamble and losing to the system, which we might later regret.

Well I would still say this because I don't know how this is an excellent idea. I mean how would you even think of saving coins or money in your gambling account because it's not safe and it's very unreasonable to even do so. Well if you are hard core gambler then keeping some fraction of money is understandable because always depositing into the account will inquire more charges.

This is nothing but the truth. Gambling sites are centralized and hold your funds. It is not supposed to be used for saving your funds. Even though we have not heard much of hacks in gambling sites, I don't think it is safe to save funds there.

Personally, I don't keep funds, I don't intend to use in gambling, on the website and whenever I have winnings, I quickly withdrawal all and leave only the funds I want to use in playing more games there.  Besides, if you have too much funds in the site, there is the tendency to over-stake or just take irrational decision.

It’s not good to hold your money in the gambling sites,if you not feel comfortable to save the money in the website.The hacking is the common factor for all cryptocurrencies based platform.The trading account of many traders also getting hacked,So we can’t say the hacking as the reason for not holding funds in the gambling site.If the website with good reputation over huge years,then I will keep my money without doubt.Because we know the trusted website will never scam few dollars.If you feel you get addicted in gambling,it’s better to do withdrawal of full money from the website after the big win from the gambling.

It makes sense only if the casino offers you a benefit if you keep your funds deposited on the platform.

Like at freebitco.in, where they pay daily interest over your total balance, so it works like a saving account generating passive income every day. Of course there is still some risk involved, but if the goal is to keep funds at a gambling platform, at least let it at one which keeps generating some extra income.

I think we should keep whatever money we have as deposit in the bank. We will deposit in the gambling site as much money as we can gamble and enjoy and if all the money is kept in the gambling site then we will be very stupid. Many people while gambling.  There are people who cannot control themselves so if one starts gambling with all his money in a gambling site then when he loses some money there is a possibility of losing all money to recover that money.

Casinos will not offer benefits to any gambler who will save a certain amount of money or tokens on the casino site and saving money or assets on the casino will only provide big risks and make us uneasy because there are several factors that can endanger all the assets we have, for example when we store Bitcoin assets in a casino then there is a large scale price increase automatically the amount of assets we own will experience an increase in value then the casino might make it difficult if we want to withdraw assets such as asking for a number of KYC requirements besides I not sure there is a gambler storing assets in in the casino without using it to bet until it runs out with nothing left ::).

Still the main choice when you want to store assets is in a private wallet that has nothing to do with third parties.

Yup, there is no reason to keep money for a long time on a betting platform except to use it for gambling. Freebitco.in offers rewards for FUN tokens holders. Keeping money on a gambling platform for too long carries the same risks as keeping money with someone else. Even though the casino service is trusted, we have to think negatively "what if someday there is a change in the rules that makes it difficult for me to withdraw money?". Thus, someone will think twice before keep his money on any platform. A safe place to put money is a wallet that we control.

You know what's so crazy about this discussion, it is the fact there is someone out there who saves his money in a gambling site. There are different reasons for saving money. And these reasons determine the duration which may range from short-term, medium , and long-term.

Therefore the one who decides or is already saving his money on a gambling website may have a short to medium term saving plans. The risk is not high within these ranges but this depends on the amount and the how long the person the casino has been in business for. Please note that I am answering based on the POV of the person who is already crazy enough to save thier money there.

Indeed, only a small amount, and it will certainly be used for gambling when the next leisure time comes around. When I'm more confident in keeping money in my own wallet, a significant portion of my funds will be there rather than on the gambling platform. Winnings from gambling are usually promptly withdrawn to secure my luck and leave a balance for playing games tomorrow.

It's an enticing offer, and this site has maintained a good reputation over time. As long as you're adept at managing and setting limits on your gambling budget, it doesn't seem like a bad idea to store it in a wallet with daily interest benefits.

Of course, it's okay only to save a little money in our gambling account to avoid bad things that could happen. I also keep a little money in my gambling account because I don't have a regular gambling schedule. I can gamble directly with that money and don't need to deposit any more money unless I use all the money to gamble on another day. And if I get a win that can reach the minimum withdrawal amount, I will withdraw the winnings while leaving a little money for me to use to gamble another day. This will save me time in gambling because I can play immediately without waiting for the money to enter my gambling account.

Because it's much safer than saving money in a casino because I had a bitter experience when I accessed my casino account again after not using it for a long time. As far as I remember, there were still some dogecoins where at that time the price was still relatively cheap so I left it at the casino, after I saw the price. up I accessed it again then my account was frozen so all funds were also frozen. So I took that as a lesson, never leave any funds in a casino even if it's small money.

We will never know the value of the crypto that we leave in the casino could rise and become valuable, the point is always use a personal wallet that can be used to store the crypto money that we have in the casino, don't put it in a third party as you said, whether it's a casino or exchange.  ;)

That's what I'll do as well but there are some gamblers that they wanna keep money on online/crypto casinos for their own style of saving money. There could be a main reason behind that so that their money won't be tracked.

But that should be the main purpose why someone wants to keep money in their casino accounts, to preserve it for their next time to gamble and play again.

And to answer if it can be done, so yes but everyone has their own reasons why we are keeping it there.

Indeed, if you keep it in small amounts, it will be okay and will not be a serious problem. However, personally, I always empty my balance after I decide to stop playing, whether for large or small amounts. Because whether small or large is still money, and I do this apart from preventing my balance from being lost for no reason, but I also do this to prevent me from being more regular in my gambling activities. Because quite a few people, as long as there is a balance in their account, that is how long they will gamble. I'm just trying to reset my gambling activities and one way is to always empty the balance in my gambling account.

Bank can be a good and reliable medium for saving money but here it is only possible to save one's own money and also it is not possible to get good interest because the bank gives a very small amount of profit. so if we find a good asset for savings like bitcoin gold and invest money on them thinking of future savings then maybe it can bring a positive result. However, it is not possible to save money on gambling sites.  Because if there is money there will definitely be more tendency to gamble and that money may be lost through gambling. So it can never be through a strong servings method

You just said that we can save money wherever we want, so why ask for a reason? But if there is; maybe because he is comfortable with it? If he have the urge to gamble he can gamble easily. No need to waste time and fees when transferring but we shouldn't worry because I'm sure he will also do withdrawals wherever he wants money.

As long as the gambling house is trusted, they will have an announcement if they will want to close their business and we can always pull out all of our money there. Trusted gambling sites do also have a good security but we should know that an unexpected hack can still happen. Even stake, Binance and other top sites can get hacked too.

Banks do offer stability, but the returns? Yeah, peanuts. Bitcoin and gold can be interesting; their value often bucks the trend of traditional financial instruments. And who doesnt like the idea of their assets, well, actually appreciating in value? Keeping money in gambling site is really a bad idea. Investing is about discipline and foresight, and gambling sites... well, they play a different game. One should always approach them with caution.

It's not just about having no self-control and gambling it all away, because if you are addicted and have no self-control, you will still gamble everything you have even if it's in the bank or your crypto wallet which can be easily deposited which isn't a big deal, but, a casino is not a place to store your cryptocurrencies or money, if you are not using that money for gambling, simply keep it somewhere where it can be safe from attacks and account breaches.

You can barely hear about a person's non-custodial wallet getting compromised and their funds getting stolen, but you will always hear news about casino platforms getting hacked, user accounts being compromised and scammers and hackers stealing millions of dollars from the platform. I bet one wouldn't want to be a victim of that.

Well I know that each player can think as they want and can do what they want with their money and things they can do as they want, and I am convinced that every player can do whatever they want with their money, but let's remember the case of the exchanges that have been hacked, for now that is something that greatly alarmed people at the time, and even Theymos himself said it, recommended it, that one's money as a player, as a trader, as a person is when it is in our custody, Meanwhile it is not, and that is something that can be demonstrated, the money that we have in a casino, in an exchange is no longer ours even though it is ours, in a possible hack, because if the casino or the exchange does not respond, then Now they can wash their hands, so it is never good to leave the money in one place, that's why, if the money is under our custody under our private keys, the money is ours, meanwhile it is not, that is something that It should always be taken into consideration, however there are plans in casinos that are for investment and everything, that is a case where the entire risk is assumed by the player/investor.

If this is the case we have to assume it, but there is nothing worse than if we have the money in a casino or in exchange and it happens like in Binance, that they freeze the funds of some people in particular just because the police Country look that way, in fact I made a thread in the Spanish section where this topic is talked about, it is very interesting, and what everyone concludes is that our money should always be under our coustioda, no matter how good and reliable the casino is. Money should always be under our private keys.

A gambling site will never store your money for a long time and if you don't bet for a certain period of time they will take some money out of your wallet as fees. Moreover capital should not be stored in a gambling site as it is not a bank account so your money will be safe in the bank. Besides you can use crypto wallet if you want, but of course stable currency. However high security is less in the gambling site because everyone deposits here to play gambling so if you want you can keep a small amount in the gambling site.

There are not any gambling platform website store user money but did you see many user complaint about their account suspended when huge amount withdrawing? its not matter for saving money in gambling site but huge amount is not recommended for saving assets, I think this ideas coming from some one have illegal transaction and try to make hidden assets keep efficiency when saving in gambling site.

For security between exchange market and gambling site seems not difference yet, many gambling site ability for adding 2FA and use mobile phone number authorization for accessing to account. But how friendly when withdrawing amount in gambling site will not get problem and account keep secure for long term?

A painful yet common misstep many make. I mean, one would think by now people would've understood the risks, right? But hey, at least you've learned now. Personal wallets are always the way to go, always. And here's a tip, since I'm feeling "generous": The world of crypto is unpredictable and volatile. While you're right about not knowing the value of cryptos left in a casino, it's also important to keep in mind the principles of responsible gambling (and responsible investing). Don't invest more than you can lose and always, ALWAYS, be skeptical. Especially with third parties. Is that what bitcointalk always taught us

Even if we save money in the bank, it is not safe. Everything has more or less risk. Even though I know the risks, I still leave my money in the casino. For me to leave money here, it will be difficult for anyone to control my money. Especially the government. I feel much safer than banks. I am choosing a third party with an extensive system and a higher safety rate.

Yes, someone willing to keep funds deposited there must be very responsible and strict with his gambling activity, otherwise it's likely he will feel tempted to use invested funds to gamble, consequently losing everything and being unable to continue generating passive income and setting a specific budget for gambling futurely. The concept is great, but dangerous at same time for compulsive gamblers, because investment and gambling budget will be always together mixed inside a same wallet.

Not impossible but why you need to do that?? I think it isn't a smart idea to save your money where other own the authority. What will you do if the gambling site backrupt or scam or terminate your account?? Moreover, you want to save money in your gambling site , which means you are a gambler too! That is more dengerous cause it is possible that, you lost your patient after losing some fixed amount for gamble and then place bets with those money to recovery! Which increase a lot of risk and you could lost whole capital at once. Keep it in crypto wallet and save your keys, which is more safe than saved money in gambling website

Of course, it is still very doubtful whether we will save money on gambling sites, because in the future we will never know whether gambling sites are safe and trustworthy or not. Some people prefer to just keep their money in the bank, even though sometimes there are problems at the bank, such as the account balance suddenly being empty and the money disappearing completely.
By paying attention to this, I think we should save in the form of goods such as gold or buying land, the longer it is clear, the higher the selling price will be.

Why is it that there's existence of banks, crypto wallets? It's meant for us to save our money and not developing the idea to keep it on gambling sites. There's risks involved in gambling, we ought to apply measurable techniques that would save us from heaving losses. Gambling is mostly for those that have spare cash to wager on games and not the ones that's desperate to make money, and depend on gambling to streams their reliable sources. Saving money on gambling sites, happened to be an unwise decision, it's never going to yield to any solidable form or results.

In a noncustodial wallet you mean I guess. That is a safer place to save your coins because you alone have the private keys to unlock or access it, you alone can transact from it to the exclusion of other third party including the casino. A noncustodial wallet is a sure secured wallet and you are sure no one will access or your funds if you don't disclose your keys to another person . So if you have funds you have won and you need to save it, you can transfer it out from the casino wallet to your noncustodial wallet like trustwallet , MetaMask MyEtherWallet, coinomi etc.

No one forces you to save in a casino or anywhere else as long as you feel comfortable there just save it, at least you know wherever you put your money there is always a risk, but in a casino it is not a good place to save money unless your account is still actively gambling apparently not there are problems with that but on the other hand if you are never active then don't complain if your account and funds are frozen.

Actually it all comes down to your own choice, maybe I'm just sharing a bitter experience because I left money at the casino and it wasn't active for long, finally my account and money were frozen, but that was my fault and I never blamed the casino for that problem, just think of it as experience. I, you can store money in crypto in a private wallet so that no one can access it except you, as long as you store the wallet key safely then everything will be safe, but there are still risks. always choose which one is more comfortable for you and you are responsible with your own money.

That's good for you, so you don't have to worry about the balance in your gambling account. We are tempted to continue gambling using the assets stored in the gambling account to avoid losing our balance. By keeping the assets in a gambling account, we might think we still have most of them, so it's okay if we use a little money from those assets. But that thinking is not correct because gambling will continue to tempt us to continue gambling, and this is where we need to prevent this from happening, so we have to save all the assets we have in other personal wallets. We only need to send the amount of money we can afford to gamble and will not use all the money that day.

Every person who has the ability to save money definitely should save money. But choosing a reliable platform before saving is very important. If a person prefers a platform for long term savings then I would not advise him to keep it on any gambling platform. If one wants to keep money in the gambling account temporarily, he must choose a reliable gambling site. Because gambling sites that are new, it is definitely unsafe to keep gambling money on those sites. There is a possibility of losing that money due to any reason. Moreover, due to greed of gambling, money may be lost many times. Therefore, gambling platforms should not be used as a means of saving money.

Your reply says it all: as long as your money is in a casino or exchange, you're basically playing dice with your future. And oh, how the big casinos and companies love to give the impression that they are completely safe! But we can see that hacking scams and asset freezes have happened a lot in the past. You're totally right; self-custody through private keys should be the gold standard for making sure you're not just a number in a high-profile hack

Theymos was right. Even if you have an account, you're just a sitting duck until you secure your cold storage, right? I think casinos and exchanges should have built-in choices for cold storage to make things even safer. Would they, though? They are too busy counting the money for the house.

It can be saved in a casino website only if you want to. However it's not really advisable and safe to do so because it possess so many risks. Having a gambling site serving as your bank could mean trouble the moment the casino becomes bankrupt and be lost in thin air. But if you will persist in doing so, you should make sure that the casino is reputable and trusted. This way, you have an assurance that they will not pocket your money and go missing in action.

Be sure to always check the terms and conditions of the casino website too once in every while because they might change it without notifying you that could lead you in the disadvantaged side the moment they change it into unfavorable manner to the player's.

It would be very careless if we spent the money we have on gambling all at once or spent it on just one game. And I have a friend who is very careless when gambling, where when he gets some money he will gamble and what is even more stupid is that he ignores his needs and obligations and prioritizes his gambling because he has a mindset like that when he wins big, then all his needs and obligations will fulfilled. and I don't want to experience the same thing as my friend experienced, so I always try and look for ways to regulate the gambling that I do.

We know for a fact that this type of saving is not typical. However, it is indeed possible. Just be mindful of their policy. Also, make sure to read their Terms. You can ask the casino directly. I believe they won't remove the balance even if it remains untouched for an extended period, but, as I mentioned, it might vary from one casino to another, so it's a good idea to inquire about this directly.

Always remember to have a budget to our gambling activities, deposit the amount of money that are allocated to gambling. It's quite boring to spend it all in just one game, I think it's for a single gambling session.

Basically your friend is probably an addict with a very wrong mindset. Somehow a mindset that rely on the risk and more on luck. I wonder how your friend live his daily life if he have a mindset like that. I'm sure that the mindset he have will keep repeating until he is tired with it or realize that he is doing a bad habit of pursuing his gambling journey.

I would say that your friend has entered the addiction zone, honestly I think it's normal for those who are addicted because as we know that they have excessive assumptions and seem to be very obsessed with gambling, I'm sure your friend has had a win that makes him feel an extraordinary sensation there. So as you said even he is more concerned with gambling than his own life needs.

It's great if you realize the mistake your friend made, honestly I agree with you because there is no guarantee in gambling, even though you bet as much money as possible but still in the end you don't necessarily win, because everything returns to the luck of each - each. So yes I hope you can think more clearly and logically when you want to gamble, don't let you be tempted by whatever is there.

So your friend already has a gambling addiction as a sensible gambler first of all takes care of his needs, obligations and gambles only on free money. I would take this issue more seriously if I were you. Try to talk to this friend and explain to him to reconsider his attitude to gambling. I am sure that if you had such a problem you would be glad to have the attention and help of a friend.

Not to be mean but this is the dumbest idea for where to "save" your money.  Why wouldn't you just put it in a wallet where you control your keys?  Wallets and gambling sites are not meant to be wallets.  And in terms of saving money, I mean what better place for a gambler to put their money in what can go wrong lol.  Gambling sites are great for gambling, use them for what they are.

Bank keeps money stable and there is no fear of loss in any other way except inflection. So if someone has the intention of keeping his current amount of money and saving, then the bank is a suitable medium. and choosing a gambling site to save money is the biggest fool. Gambling sites cannot be a means of saving in any way. It has big risk

Indeed, some people leave their money in exchanges and gambling site wallets. They need to learn that they should not trust any CEX or even any gambling site because all of it are vulnerable to attacks and sometimes the company will not be held accountable to the loss of asset so I am not encouraging my friends to  leave their asset to any gambling site because they might be under attack of hacking.

That will make us sad because we don't have money that can be used to gamble the next day or a few days later, and we are forced to deposit another amount of money into our gambling account. It could exceed the budget we have set if we deposit another amount of money just because we were careless in using all the money to gamble that day. Maybe we don't need to deposit much money into our gambling account, but just what is necessary to anticipate greed that can arise at any time. We also don't know when we will lose self-control because it can happen anytime. And that's why it's better for us not to save money in a gambling account to avoid things like that.

Exactly mate that is the bad idea once we are aiming to or think that the best way to save money is in gambling bad we all know that in the world of gambling we can not predict the outcome so if we loss every of our bet then how can we save? So that's A stupid once we are aiming to save in gambling cause we can't say that we can win all the time. Maybe theres a day wich we can call it our lucky day then we will win but it's not good enough to say that we can save more money.

Most gamblers lose money over time, which is how casinos generate money. You might win sometimes, but the odds are against you. Lottery odds are exceedingly low.

For gamblers, "chasing losses" is perilous. This unhealthy behavior can lead to greater losses and bankruptcy. But you made a fair point: only bet what you can lose. Why is it termed "responsible gambling."

Anyone wanting to play must know a lot. Know the odds, how the game works, and most crucially, your budget. Your pastime money shouldnt go to waste.

Not only that though, it's not really safe to leave money anywhere, specially in crypto because we will not have a control over it. But there will be always the temptation to gamble that money again and again and lose it, so it's going to be cyclical.

Been on that situation before, upon waking up, I know that I have some money in a gambling site, so it's very easy to get addicted as you know you can easily bet anytime and in the end there are regrets in my decision for doing that. So it's better to withdraw everything once you won in a casinos.

Saving your money is good in the betting account but not advisable. Betting accounts are made to save your money for a short time during the betting it's not made for saving your money for a long period. If you will keep it then maybe you will lose all your money. Instead, you have to save your money at your bank or in a wallet which is more securable and will good for you. If you save your money in the betting account then you will do betting when you find any opportunity without thinking that this is your savings. Also, betting accounts have more fees if you store your money there you will have a lot of fees. So that's why save your money in the bank account and if you have Bitcoin then store it in the offline wallet.

Although it is not safe to keep money on a gambling site, someone who is disciplined can keep money on a gambling site and no one will know about it, because in the life of some people, especially those ones that are new to the system of gambling, they keep it as a secret for others not to know about their new behavior towards gambling.

Like I can use myself. For instance, when I started gambling, my parents didn't know because I was hiding it from them, but when I placed a bet and the bet lost, one of the selection lost the whole game and that winning would have taken me a long way as of then, but the game was lost (https://bitcointalk.org/index.php?topic=5460763.msg62590335#msg62590335) and when I told my Dad about the lost bet, he was surprised to know that I am a Gambler.

Are you for real! I was shocked when I read OP's question but never thought I would read such a reply!
Do you realize that you can keep your coins safe in your own wallet and no one can know about it or know how much you own?
May I ask you why are you using cryptocurrencies in first place? If you are OK with entrusting a third party with your money then why don't you use credit cards or bank accounts to transact/save money?

Current bad activities and can't controlling well want to bet more not advisable for me holding or saving money in gambling site, depend with secure or not gambling site but I can't see when my account gambling have fund for bet it actually on weekend always have football matches and seems excited for betting. But not really advisable for saving money in gambling site due many kinds of wallet support for holding cryptocurrency assets, if aware with exchange market account for saving cryptocurrency assets there are have wallet ability controlling by your self when saving money or cryptocurrency assets there.
I doubt with much money saving in gambling assets have out controlling habit keep use for betting until all money saving loss only for betting.

I admit that indeed if people save their money on the gambling site is a stupid thing, I want to ask what they mean to do that? hope to multiply by itself?

But maybe if it is intended to do the game on tomorrow, I don't think it is a problem as long as you are still controlling it. I say this in another threat that it is not a problem if the count is in the near future, but if you store long -term money on the gambling site, of course we agree that it is stupidity.

Yeah he should have a reason while he decided to choose to save his money on betting site although is been long I heard of hacking a betting site because most of them are very secured, almost all has a kyc verification and 2factor Authentication which enhances the security of your account so to me is safe to save money on the betting platform but the only question is that among all the numerous exchanges while choose to safe money on betting platform and if the plan is to safe the money for betting use then is fine but making a betting site your mode of savings then is not.

I don't have a special budget for gambling, but I always apply certain limits every week when I want to make a deposit. Implementing deposit limits is the best way to overcome the bad behavior of spending money only entirely in gambling.

Everything we encounter and everything we do certainly has a certain wisdom in it. And I'm just trying to avoid the negatives that come from reckless gambling. And what happened to my friend was enough to make me aware of bad behavior when gambling.

I have made him aware several times, but he continues to oppose this. Maybe his delivery was wrong so he couldn't accept it, or maybe he was too addicted to gambling so that when someone tried to make him aware, he would always be against it. However, I have tried to do this as best and as fully as possible. And I also realize that I am not yet able to fully overcome and control the gambling activities that I do. And when I want to try again to mediate with my friend, I am very worried if the opposite happens.

Well that's right, usually in the beginning they will be given the victory first and over time it is clear that defeat will always dominate them, and by then it's too late because it is very likely that they have entered the addiction zone or maybe close to addiction. Yes, I understand that the thrill of victory is extraordinary, but you also don't overdo it because it's just a lure so that you can keep coming back to gamble. Therefore, it is still normal to look at gambling, winning or losing is a common thing at the end of the game, the casino gives you high hopes for tomorrow when today you get a win and if only your mindset is disturbed and provoked then it is very likely that you will continue to chase the victory, and you will not remember some of the defeats you have experienced before.

Well that's right, subconsciously they will continue to do so based on "chasing losses or covering losses in the previous time in the hope that they will be able to win today to cover that defeat". but what happens? Well right they lose again, obviously this mindset is very dangerous. Yes because that's all we can do to minimize too much loss, limiting the budget is the right choice they can choose, rather than losing too much it's better to prevent it. Well that's right, this is nothing more than just entertainment, don't let you use it to make money there because obviously the situation will definitely reverse, instead of getting a win but instead continue to lose, that's clear.

Whatever the reason for saving money on gambling sites is not a good thing, just saving money on an exchange already carries a big risk, especially on an exchange, even though it has multiple security keys so that your wallet is safe, but what if the next day they experience bankruptcy, or a system failure? was done by someone to damage the gambling site which made it go bankrupt, it is quite difficult to imagine this, but who knows that it will happen to one of us, so it is better to withdraw everything actually, especially if it is a gambling site that is still new and has untested prospects honesty of their journey.

From this perspective I agree that a gambler can easily become addicted if money is put into gambling platforms. Even if many are not addicted, he will try to gamble with that money again and again. This will make him somewhat anxious but he will feel safe if a gambler loses all his winnings and withdraws. There is no fear of losing if you keep the required amount of money on the gambling platform and gamble. Moreover, sometimes incidents like scamming can also happen. So it is better to deposit gambling money only as per you need to gamble.

I agree with you but what you are describing are not the biggest risks you run when you leave funds at gambling sites. The biggest risk at casino is to get your funds locked for no reason except some infamous "suspicion of having breached our terms of service" with a request to fulfill an endless KYC in order to try to keep back your funds. So if someone wants or needs to put his money onto a gambling site, it's better to put it into the liquidity pool of a decentralized one.

You're not incorrect in saying that modern betting platforms have adopted robust security measures like KYC and 2FA. However, the primary function of these platforms is not the safekeeping of funds, but rather, facilitating bets.

Safety isnt just about account security but also about the financial stability of the platform. Unlike a regulated bank or a reputed cryptocurrency exchange, a betting platform is not subject to the same level of scrutiny and regulatory compliance aimed at safeguarding customers' money.

Moreover, the question is: why would one pick a betting platform for saving money when there are multiple more suitable alternatives? If you're stashing money for betting, fine, but to turn a betting platform into your primary mode of savings sounds, at best, unsual, and at worst, risky.

It's always amazed and maybe even amused me how easy it is for players to fall into this well-thought-out trap. The feeling of a first win blinds most people. They think the house is on their side, which is pretty funny. In reality, though, the casino is not a charity; it's there to take money, not give it. And the things that players hold on to? That's just a trick that smart casino computers made up. Some people might say that the fulling of the bet is real, but I'm sure it's just a way to hide the truth. It seems like a no-brainer, but limiting the spending is often overlooked. Why do players have such a hard time seeing that? It's just for fun, not a way to save money for retirement. Never believe something that seems too good to be true

I think you have some confusion in your opinion. Keeping crypto secure does not mean hiding it.
Following the example you provided, anyone who uses crypto can easily hide his savings, whether in a private wallet or on one of the platforms (trading, gambling, etc.). In this discussion, we are discussing whether using gambling platforms is actually safe or not, and I think you share the majority’s idea that this is no less dangerous than saving them on trading platforms or central wallets such as Web-wallets.
I would be really surprised if there are actually people using gambling sites for long-term crypto storage even if the platform they are using is extremely reliable. According to my information, trading platforms are the most widely used, although this is no less dangerous as well.

First of I will not store a huge amount of India in any of my life in this crypto world. We should learn that we are not fighting for scammer but also 2e we an that people have picture, those who did not join I think youl  will needed to try to use that thing, we should not use people just for us to be connected we should be receiving it naturally.

Haha that's right guys it is in fact very easy to get into the trap, they kind of set a trap in their mind and the victim is themselves, I think it's very logical to say this, but yes I won't laugh at them because after all it might not be entirely their will but they are too weak at the beginning in seeing this gambling, so subconsciously they continue to be carried away and finally experience a lot of downfalls there. I think now most of the assumptions about the goal of them is right as you say that is winning and that has obviously blinded their eyes and minds, it is very clear to say that no one (gambler) can beat the house completely, they are only given a portion of the many profits made by the casino but with that alone they are so happy that they change their mindset, and with that I say they have entered the real trap.

Actually it's quite simple if we want to think and think about it, the casino system is made by humans, everything is set up and the question is in this day and age who wants to give you money or winnings for free? the answer is obviously there is no way anyone will give you money for free, and that is the casino. So if you want to earn money then work, don't depend on gambling which is clearly only limited to luck.

They are something that they sell, when we are in the first instance in an exchange or casino that is level 1A, then we trust in their advertising, especially the most novices trust in security advertising and everything, I can't say anything about some casinos that They have always maintained their composure in the face of events that seem too disastrous for them, because on occasions they have been hacked and their clients' funds are not touched, even if the casino or excahnge steals them, because they say that everything is fine and they are responsible for it, As I said, the Binance case was the most impressive Hacker case I have ever seen, and despite that the accusation came out, when in any case he could have given up and kept the funds of his traders, just as It is some recognized casinos in the forum, such as the case of stake.com, which is one of the casinos that was recently hacked and in a very professional manner it was reported, the activities there remained suspended for some time while something could be done and then They resumed activities as if nothing had happened, so these things are what we should see, that the security in some cases on the platforms is good, and despite that I still think that our money is our money when it is in our hands with our keys are private, the rest is not ours, that is something we know and that is assumed.

Some players, traders, I respect their decision to trust in sites, one of the sites that I have seen that is trustworthy is also bitcasino.io, freebitco.in, because they have a lot of things to develop, especially freebitco.in that they said too You can use your personal address as a wallet in which they give a good return, it is something that many can take into consideration if there is money there, of course it is each person's decision, but personally I already know that for me the best is what I own and is under my private keys.

Long time existing sites could really generate out that kind of feeling when it comes to trust and reliability on which it would really be just that so common action to be made out by someone if we do speak about
putting up our funds into them which if we are engaging into gambling then it should be fine but only for small amounts but on the time that you are making it already a storage or wallet then i should say that this is really a dumb idea or thing that to do because its not a wallet in the first place and this is something that you should really be putting up into your mind. People would really be just be that careful on the time that they would really be experiencing some disaster but never ever do such thing when they do deal off initially which it is really that a mistake. Gambling sites are really that used for fun and not a wallet
and this is something that should be put up into your mind.

People would really be just taking steps on the time that they would be wrecked up or on the time that they had lost money because of such foolish decision.Dont make yourself that easily
be believing that everything you do really engage with are safe. Risks could go into each side.

I have been telling people this and I will once again remind people that casinos are not wallets, in casinos people must play and there are rules in relation to gambling and in relation to deposits and withdrawals, for example when a person makes a deposit of 100$ in a very old and reliable casino, that person deposits 100$ in bitcoin, so when that person deposits 100$ in bitcoin the price of bitcoin is at 25000$ but in 2 or 3 days the price of bitcoin rises to 50,000$, being so the 100$ that this person deposited in the old and reliable casino becomes 200$, that person will be very happy because they managed to make their money double, but at the same time that person forgets something very important

So what did this person forget that I consider something very important? wagering requirements, this person will need to play at least 100% of the money they deposited in the casino, and the chances of losing everything are very high, and soon this person will start to complain and become desperate and could even put in more money to see if you win and you would lose again, that's because you would be playing without a plan and focus. Now there are ways for a person to make profits while also benefiting from the increase in the price of bitcoin and altcoins, this way is very similar to the money that remains in the wallet, but in this case the money would be in the casino acting as a temporary wallet

This strategy is very simple, the person needs to deposit money in bitcoin or altcoins in an old and reliable casino and also just deposit money that the person cannot afford to lose, in this case the person plays normally at the casino, while the person The person's balance will gain as it will be in bitcoin or altcoin, it will rise when the price of bitcoin or altcoin rises a lot. Of course, this also has a disadvantage when the price of bitcoin or altcoins drops a lot or if the person is not winning at the casino, then this strategy would be useless, but remember that this does not mean that they will be using the casino as a wallet, never. use casino as wallet to do long term hodl

yeah i meant so what i was trying to explain. We can transfer capital from our personal wallet to gambling sites which takes less than a second to complete. And this procedure is safer than keep fund on websites. Then why should anyone follow such risky step where account could be hacked, banned, or others issue. It actually doesn't bring extra benefit at all. Besides when anyone have higher balance in gambling site, it is difficult to manage. Cause that force to place more bets or bets with higher amount than the fixed one. So this idea doesn't suppose to be good one in my opinion

If the wallet from the trusted website like the Stake,my answer will be the yes.I will hold all my money in the gambling site itself.Because the money in the gambling site is safe,then it’s very easy to use the money for the immediate betting.Some website which doesn’t had enough security can be easily hacked by the gamblers.The oldest website was safe to hold the money for the longer period,the immediate use of money was the important one.If you keep the money in the gambling site,their will be less use of the money for the transaction fee.Only the people doesn’t have the capacity to control themselves will bet the huge money after the big balance in the gambling site.

We should always have it in our mindset that anything can happen to a gaming or gambling site no matter how big and solid is there reputation. Reputation is one of the first thing we need to consider when gambling but still yet we can still get scammed if we don't plan ourselves well and make sure that we make good decisions and follow our gambling plans. This will help us to take a preventive decisions so that we don't keep blaming ourselves for wrong decisions we have made that had caused us inevitable loses.

Why would anyone willingly give their control to centralized platforms of their own money? Are you 100% certain that the platform you chose will exist for a lifetime? Remember, anything could happen at any time when we are dealing with anything related to the internet. And not to mention that it is a centralized platform. It is advised to read every TOS before agreeing to them. I don't think anyone will choose a gambling site to keep money after reading them. There are tons of rules and regulations that need to be followed in order to even use the platform. So, my question again is, WHY?

Anything could happen to your account at any time. You are required to do some tasks before you can withdraw. You could be restricted from using your account at any time. I don't think it is the best way to save money for later use. And the gambling with it comes later.

It's not safe to keep your money on a gambling site because that's not your wallet; it's simply the gambling site's wallet and you can't control it. IMO it's much safer to immediately transfer any winnings to your own wallet in case you have a big win. Your personal wallet is the safest and most secure option. When you hold your money on a gambling site, you risk losing it if your account gets hacked or banned.

Holding the money in the gambling sites was mostly not recommended one,if the gambling site was used by you was new one.Background verification of the gambling site was important before the usage of the site.So to hold the money also you need to the same gambling background verification.So the gambling site won’t close the gambling site and fly with your money.The gambler just spend 30 minutes to the real and fake gambling site.It’s better to use the old and trusted gambling sites.

You nailed it right mate. It's never a good decision to save your funds in a gambling site no matter how trustworthy it is. You don't know what awaits for that casino in the following days so never act as if you trusted it your whole life. And you don't know either if it will still be accessible in the next days after, if that happens, then all your savings will all be gone and you cannot do anything about it except to regret your decision because your decision making is very wrong.

True but people are lazy enough in doing it. They were not even willing to spend a few minutes on that thing. let's say their money will be much safer once they will able to send their money to their cold wallet.
I think that was not a difficult task but anyone has different opinion regarding. Some said a few minutes are still worthy time and that's the reason they were not willing to send back their money used for gambling to their cold wallet.
I meant if they were storing in a legit gambling site and that's not a problem at all but the main problem if the site can sometime change its TOS which will be also affecting the balance owned by the users.
Anyone was not willing to see that happen their money trapped into the site. That's better to spend a few minutes but we can secure a lot of our money. It's still worthy with the time as long as we will always having our money in our wallet.

That's what we have to do on gambling sites. By withdrawing the money, we won't worry about anything, including hacking that is still happening in the casino. We have to pay attention to the account and the money there so we can be calm when gambling. Moreover, by sending it to a private wallet, at least we can control our gambling so it doesn't exceed the limits. If the money is still there, we can be tempted to use the money to gamble because we will see the balance in our gambling account. That will put us at risk, especially if we use the money to gamble and lose it all. That would hurt.

Yes because it's another form of banking, and even if your government doesn't tell you to keep your money on a gambling website you can proceed and do the same, because it's your money.  ;D

How can someone be so stupid that they decide to keep their money on a gambling web-site? Do you not know that it's even a risk depositing your fund on a gambling website? There are many fake casinos out there waiting for a convenient time to rug people of their money and you want to turn them into a bank?

You are free to do such because it's your money, if you believe that casinos are safer than your bank then good luck, as for me it's the stupidest thing I've ever heard of, the name casino even sounds a red alert to me because I know they are in for the business of making money, so anything is possible.

You don't have to be told that this will cost you a lot if care isn't applied to this, it's your money so you are free to keep them wherever you believe they will be safer.

Not most but no one would suggest saving a certain amount of money on a gambling site if the goal is to invest it better to save it in a personal wallet and in the cryptocurrency industry there are many platforms that we can use for that.
Maybe some people save money on gambling sites in amounts that are not too large with the aim that when assets experience an increase in price they can also increase the value of the assets they own so that they can provide additional capital for playing or betting, but something like this will be very risky.

No matter our background or beliefs site we use will still pose the same risks after all we can learn that there are several large sites that experienced problems and were closed by certain authorities.
Although most of the money is returned but I am sure no one here wants to experience such problems so it is better to avoid decisions that might be harmful or could give problems in the future.

Advice that may be useful and can provide a sense of comfort and calm is to use a place that can truly guarantee security for the amount of money we save.

Why would I want to risk it when I can easily keep my money safe in my wallet. I don't deny that some casino sites are good enough in terms of security but why would I keep my money on others. Moreover, it cannot be said that all the sites try to provide maximum security. Another thing we should pay attention when keeping money into casino sites that many of us try to recover the bet money when we lose the bet and for this we try to use the excess money so that we can quickly recover the loss and make profit. When we keep money in a casino site, the chances of getting into such problems are greatly increased.

Same sentiments. For me it's plain stupidity to even think of putting your hard-earned money through a gambling website for you to save it. Because in the first place, gambling site isn't intended for that purpose. Gambling websites can be vulnerable and you might encounter bugs or even closing of account once your account goes dormant despite having big funds on it. And that will just bring you so much trouble. Additionally, gambling sites can file bankruptcy and close all at once without you even knowing especially those sites that aren't reputable in the first place. So you should really think many times before deciding to save on a gambling site. Banks or vaults are still the best options for me next to crypto portfolio.

All this is logical and obvious for crypto users, but many people still use only fiat. For them, in fact, there is practically no choice: any non-cash form of storing money carries the risk that problems will arise with the one who holds this money. Storing cash also carries risks (not only theft but also other accidents, such as fire for example), plus if you really have a lot of money, you definitely won’t store it in a cash.

It's unfortunate that individuals can't set aside even a small amount of time for such a crucial duty, isn't it? It's similar to a safety net for your money, as you mention about the chilly wallet. Sending money back to a cold wallet after a little gambling fun is not difficult. However, everyone has an opinion, just like everyone has a nose. Some people believe that those few minutes are too valuable to waste

What if the gambling site (legitimate though it may be right now) turns the tables? radically alters its terms of service? There is no one who wants to catch that curveball. It would be a real bummer if the website held onto your money. It goes without saying that taking a few minutes to protect your money is time well spent. Don't you think it's a modest thing to pay for peace of mind? A win in my book is always having your money safely stored in your wallet

Money does not belong to you if you do not have control over it. You are mistaken if you think you can trust someone with your money. If you can leave your money on a gaming website, that means that the gambling website is in charge of it and you are not. Your money will be lost along with the gambling website if anything were to happen. No gambling site is too big to be hacked, and nobody is promising you a refund if something bad occurs to the gambling site. It's not a good idea to save money on your gambling website because that's not why they are created.

No one can provide a guarantee about this. All providers can change the T&C/ToS whenever they want. Therefore, saving amounts of money might be something that makes him regret it if in the end he has difficulty withdrawing his own money. After all, a legitimate service can go bankrupt or become a scam. So don't trust too much money to any party. saving in a conventional bank may be better if the person does not want to save it in crypto.

There's a saying in crypto if it's not your wallet, then it's not your bitcoin. as simple as that because they all have the means to control the funds on their exchanges. As for gambling sites, I think they will simply use your money to pay for others because they don't have any problem making you see the amount you have in your account while they actually using it on their sites. But the problem is when they run into some serious problem they need to close their site temporarily and don't have any exact time to make it available for their users again. honestly, you won't be having any piece when that happens because most of those scenarios are not real because what is real is, that they are just running away with your money.

Actually, from this word, we can also know that the title in the thread is all broken in this quote.
If indeed it is a gambling wallet even if you have control but still basically you do not have full control over the gambling wallet that you have so from this it is clear that keeping money in a gambling wallet will ultimately make you feel regret at the end.
We must realize that just storing bitcoin we need a wallet that really makes us sure that we are safe and avoid hacking and when it is stored in gambling it is actually against the rules even though it is not a standard rule.

We doesn’t have the control over the wallet in the gambling site,but the gambling site have a control over it.So they will take care of the gamblers wallet with some security,If the gambling site is good one.They never need money to scam the gambler wallet.Only the small gambling sites will do this cheap behaviours,So you can skip the small untrusted gambling sites to hold your money in such gambling sites.So almost your money in the safe gambling sites,which will save your time for multiple deposit.

Your level of sarcasm got me at first and I understand how you were quick to change tune, but it is  traditional that gamblers do all the time especially the ones that do this as their hobby every day, it might be a work load to be doing deposits and withdrawals all the time. However, nothing secure beat personal saving, gambling platforms are not like banks that commercial banks can be traced and fine, if a gambler decide not show up again, I'm not sure if there is going to be a compensation from anywhere even if the government licence the casino.


It is actually the keys and not the wallet. You can control a wallet without having the private key, like the centralized exchange and custodian wallets, you can control it but what you don't control is the private keys and who don't control private key controls nothing, and the day they disappear is the day you lose everything. FTX is a perfect example of how to picture the wallet and the private key differences; when the exchange turns out scammed, many have a wallet where money was kept but didn't control the private keys and till today, nothing is returned to the affected victims.

I wish there is a best way to treat the casino and way to handle funds but there aren't any, the best to do this is to play with the amount you want to wager, deposit the amount, try your luck and after the process and the fun, take it out and to the external wallet and if the next day, you feel like playing again, you can repeat the process again. It is safe this way to think that you have your money in your wallet.

Dude, you're right there. The only thing I don't get, OP, is why you invest money into gambling. Isn't it preferable to invest in a renowned exchange like Binance than in gambling, even if the casino is trustworthy?

To be honest, gambling is not a good way to hide money unless you leave something behind to gamble with the next time you play, so using it as a storage wallet or bank is not a good idea in my opinion, and this is just my perspective.

It only takes a few minutes to secure your money, right? People should take their time. Yes, a tiny time investment pays you in security and comfort of mind. Priorities matter, right? We all make time for important things.

What if your Internet is slow and it takes more than a few minutes? But wait, is that really a bigger issue than securing your funds?

Gambling is fun, but keeping money on a site is like keeping eggs in a basket on a very loose hook. It may hold or fall and break them all. Terms and restrictions can change, leaving you and your funds out of luck. Pause, safeguard your money, and gamble what you can afford to lose. Is it worthwhile?

This is a gambling discussion but let me say some off-topic things about storing fiat money in cash. It is obviously not the best idea and any smart person won't do it. As you mentioned the risks, are accidents. But there are much more complicated stuff that happens but only those who know about them are the smart one. For example, money is highly affected by inflation. It happens but those who are not aware of it will always fall for it. The price of things gets higher but not from 10- 20. It rises slowly like 12-14-15-18-20. And as we buy those stuff we get used to it. The price is high but we need that product. So we ignore it and buy it. And the value of stored money gets lower.

The best way to save money and increase it's value is to put it in some investment. That way, you keep the real value while making profits out of it. I think every successful person does this and we should do it too. Putting money into casino wallets for safe keeping does not make sense.

We should not save large amounts of money on any gambling platform and I recommend withdrawing the balance to prevent something unexpected from happening on the gambling platform, if we have a high balance on gambling it will affect gambling on higher bets, because we think we have spare money to recover losses but actually bad choices that increase the risk of high losses on your balance. I rarely leave large balances on exchanges and gambling because I worry about making mistakes, so it's better to leave some money that I can afford to lose for gambling needs.

Laziness or really just that confident or simply they had already just accepted their fate on losing all of those funds later on? No matter what we do then people does have that different kind of mindset when it comes to things but it is really that something that too absurd on leaving that significant amount of money in a place on which you dont really possess its keys on which it is really that imposing risks on which we should really be mindful and its true that terms and conditions or whatever changes that could happen along the way on which it might really be resulting for that fund lock and this is something that we dont really like to experience.
There's no sense on making it as your main wallet but if you are really that someone who do really actively plays on a certain platform and doesnt really like the hassle on making up some withdrawal and then deposit
afterwards then its your choice to take up this option but just as been said that it is really that imposing risks on which you might be ending up on facing those common problems.

If you dont like on facing those possibilities then spending a few cent or bucks would really be just making yourself that safe on possible trouble. It doesnt really cost you an arm and leg
for you to pull out those funds and you could really sleep that well.

"Saving" money in a gambling site is a rubbish idea for so many reasons. Firstly they are not intended for this purpose and it is highly dangerous to leave money in these sites because they will always be a high priority target , especially with Bitcoin being a naturally untraceable asset if they were to somehow lose control of their wallet. Secondly, they do not offer any sort of financial protection like you'd find in a bank in many countries who will cover losses of the company in the worst case scenarios. Thirdly, interest rates are actually starting to tick upwards right now which actually makes bank account saving rates much more juicy and worthwhile if you have the luxury of accessing these facilities.

It’s your choice actually to save your money in gambling sites but if you are not a keeper, you will be more tempted to spend more most especially if you have a gambling addiction. In less time, all of your funds will be totally used up. That is the reason why most gamblers never agree to save their funds in gambling sites. Gambling sites cannot guarantee that they will exist in the market forever, they can be very active today but we don’t know what await for them tomorrow. Furthermore, if your account also becomes suddenly restricted, then it’s hard for you to recover your funds anymore. So to make it safe, withdraw your funds and transfer it into your personal account.

Risky and not recommended. You may be jeopardizing your hard-earned money in a platform that can go anytime. Keep it in a wallet as much as possible because there you can keep the seed and you can still open it in different types of wallets as long as you still have the seed phrase.
Gambling site wallets are meant for gambling only, you deposit what you can afford to lose just like how we do it in an exchange. There are so many free wallet applications now on the internet so might as well take advantage of them. If you want higher security because you will be keeping loads of number of cryptocurrencies then buy the good names, those with names that are popular in the market. i.e. Trezor, Ledger

I never had thoughts like that, I thought it was too risky to save funds on gambling sites, especially for a long period of time. I prefer to keep my money in banks and assets like gold. In our country's banks there are deposit guarantee institutions so that if the bank goes bankrupt, all deposits will remain safe because they are guaranteed by the government institution (LPS). If the amount is large, maybe I will save it in the form of a deposit so that the annual interest is greater than savings

Even though I like bitcoin, until now I haven't dared to save all my money in bitcoin, I need fiat money for emergencies because it is more stable and can be used for sudden needs.

I think most people prefer not to keep their money on gambling sites or exchanges. However, it can be quite inconvenient to have to constantly transfer money in and out for gambling or trading. While no one can predict the future, in my view, continuous money transfers can increase the risk of making mistakes or experiencing transaction errors. Therefore, in addition to choosing reputable gambling sites or exchanges, I believe it's a good idea to establish a weekly or monthly withdrawal plan.

We could save it but there are many temptations, so our desire to bet it is greater because the money is already available on the site.
different from banks which are places where money is generally stored.
but if one day a betting site offers something if its members deposit money on their betting site, I think people will consider it.

I think it's possible but it's vulnerable if the site is not very familiar, if you save money on a big site like stake, fortune jack, ggpoker, I don't think it will be a problem, but I'm curious what your purpose is for saving money there?

This is one of the disadvantages of saving money on gambling sites namely that there will be greater temptation to keep betting even though we have used different sites and usually people who have money on gambling sites will never last long because they try to use small portion of it as capital but in the end the whole thing will also be used until there is nothing left.
Banks are clearly place to be able to store money safely and with full insurance coverage when undesirable things happen to the savings we have but to save with the aim of investing it seems like banks are not the right choice even though there are several deposit services with very small profits.

What do you mean by deposit bonus?.
Because deposit bonuses also have requirements that not everyone may be able to fulfill, such as the minimum amount that must be deposited and also the wagering requirements to be able to take or use the bonus.
But this is not for the purpose of saving money but to fulfill the bonus requirements.

We only need to set aside enough money in a gambling account, especially if the money is for gambling the next day, so we don't need to deposit any other money. For the most part, we can withdraw the money and send it to another personal wallet to prevent anything unexpected on the gambling platform so that we won't lose the money, especially if it is winning money we have previously received. That's to prevent bad things because we don't know what will happen later. We can only try to prevent everything and that is for our good too. And if we only leave enough money in our gambling account, it will reduce the risk of bad things that could happen.

I quite understand your plight but no one should have any excuse due to this and keep a big sum in their casino site, this is too risky. I don't believe that anyone serious on BTT who has spent 6 months would ever make such a mistake as this is tantamount to a custodial arrangement which we always preach against. If the money is still worth about $250, I might risk it there, but a higher value can't be convenient for me as I know the amount I gamble with. And if I want to gamble with a big amount, that is a different case, I just move the money in and make my bet immediately. However, our affinity to risk varies in this regard but I try to be reasonable enough.

Also for the transferring, I don't think anyone should take the error in transferring as much big issue, I transfer regularly and there has not been a single crypto transfer issue to date, except that one might want to consider the fees charged depending on the crypto they use. In addition, the issue of transfer stress is no issue at all, if a simple task that could be performed in a few minutes is a big deal, then I don't know what won't be a big deal for the person.

That's not hard to do if you're a kind of gambler who is not easily tempted to use the money to play regardless of where it came from (either from deposit or winnings from the said platform). But usually, if we have funds on our account, we tend to use it to play our favorite gambling games. This is also the reason why it is not advisable to deposit money on your gambling account just for the purpose of saving.

In addition, casinos often have a wagering requirement before you can withdraw your initial deposit so it's not really a good idea to store your funds on gambling platform.

I don't think he mentioned anything about investing in a casino, he is just talking about keeping the money in a casino which is a totally different thing. Casinos these days don't even provide investment opportunities, it was old times when casinos used to accept investments for their bankrolls.

That requires knowledge and experience about trading and the cryptocurrency market, Binance is an exchange and not an investment platform, one can do trading there if they have knowledge about trading and the market.

That's true, no platform is a good place for keeping your money, there are wallets for that purpose and people should use them instead of keeping their assets under so much risk.

I don't support that idea of saving money in the gambling account and it is not because you will use it to gamble but we all know the issues on casinos with their KYC dramas. If you save big amount of money inside and by the time you want to withdraw it, and they ask you the KYC and you could not provide them all and that will be the end ot your money in the account. So I prefer using fiat banks for the saving and if you don't like the fiat banks then you can use bitcoin wallet which is more save. I don't recommend gambling account because problem in that side is too much. But you are planning to use it to gamble then no problem but for saving and to use it in the future. That is not the best idea. Please use Fiat.

It would be better not to set aside any amount on a gambling site, even if it is only a small amount to gamble the next day. It would be better to deposit enough to gamble and if there is some left over, it would be better to withdraw it to a personal wallet which will be safer. online sites are always vulnerable to hacking of any kind so even if the amount is small if it is lost it would be a shame.
but everyone has different opinions and if you have a method like you say, its better to be careful, sometimes you will definitely forget to withdraw all the funds you have.

Of course I think it would be a wrong decision if trying to keep money for savings purposes on any gambling platform. Moreover, it is very difficult to keep that money safe because the gambler himself may spend that money unknowingly. I have heard from many people where they said that if there is money deposited in the casino then many people try to make more money and they lose all. The most important thing is that money should not be kept somewhere where it can be lost due to a small mistake. Of course, it makes more sense to keep the amount you need on the gambling platform and transfer the rest to your personal wallet.

I absolutely agree with you. It makes no sense to risk money when storing on a gambling site, when withdrawal and input of cryptocurrency is fast enough and is not so expensive compared to losing all the funds in case of hacking the gambling site.

Although on the other hand, if you keep a small amount of money on the gambling site, for example 25-100$, there is no point in withdrawing funds. At least I had situations when I had to leave the funds on the gambling site and they were intact on my return.

Why? I can assume that my casino wallet will be available in most countries (even if I have to turn on VPN sometimes) but my money in other non-cash form can be easily banned (and in some places they have already been banned) - I’m from Russia, so in practice I’m familiar with what I'm talking about. All cases are different and, accordingly, the solutions are also different. As for investments, they are pointless until you have a serious amount of money.

To continue the topic I will focus mostly on the fact that gambling platform is centralized. I assume you have been here for a long time and you are familiar with the centralized platform's risks. How can you be so sure that nothing will happen to your account? The whole platform is under the control of a different person and not you. They have the right to change anything to their liking and you have agreed to that on their TOS. I have read posts about people getting banned and losing access to their accounts for winning too much. And not to mention that they won in a legal way. Just because it was harmful to their casino business, they banned them.

Do you think that anything like this won't happen to you? Maybe not this particular event but something else. That's the problem with centralized platforms. They can control you. If you are looking for a better way to carry money, why not BTC? Carry it in a hardware wallet. It is not legal in every country, but gambling platforms are not different. In my country, both gambling platforms and Bitcoin are banned. But we still use it. So why not choose the decentralized option?

The problem is that if the temptation gets stronger, it can make us try the money in our gambling account to gamble so that we won't realize that we have used the money. If it is for saving, we have to separate the coins we will use for gambling from the coins we will save. This is to avoid excessive use of coins in gambling because we often forget the goal we created.

It is clear that it is better to save coins for investment elsewhere than save them in a gambling account. We must be able to have other storage places to make it safer.

That's what I've always done all this time. Setting aside a small amount of money in preparation for gambling another day is what we need to do so as not to deposit more money. Apart from that, having a little money in a gambling account can allow us to gamble whenever we want and don't have to wait for the transaction process to complete. Meanwhile, sending another amount of money to another wallet will provide us with security from hacking or other bad things so that we can be calmer and not worry about anything.

We can only advise those who want to separate money for gambling and saving. Then they will decide because it is their money.

Well, each person has their own way of thinking and seeing things, because in the best of chaos, people have everything to do with their money whatever they want, because it is their money that is always emphasized here and is about protecting others. I am a player, and anyone who is not a player, as has been said many times, even if it is a little money of 255-100usd because for me it is a lot of money, and it can make a difference if there is a type of emergency, I don't know but I think that things can be closed that way.

When a person has their money in a Hardare or Ledger wallet, it is the safest way there is, although at one time I saw a news story that a Ledger had been hacked, which is quite profound and seemed even shady to me, so in this order of ideas, the things when it comes to wallets, even Electrum itself can make a difference, it is under our custody, because they are the private keys and that is something that is only managed by the owner of the crypto, of BTC, not of a casino or an exchange, where at any time that money cannot be compromised if some type of hack occurs on the site, how can they save the funds from the Spersoan? totally committed, if it is a site like the level of stake.com it is a different thing, but if it is a normal casino that does not have much capital and has little security, it is obvious that everything will end there, and if all the As for people, that's as far as it goes, I think those are the things that should normally be avoided, it's better to be safe than sorry, and I don't see anything wrong with making some deposits of the money that you are willing to spend or lose, it would be A better way to have control is what I think, everyone has their own way of doing things, but personally I see it like this, this is what many don't see, but do little, I don't leave anything out. money in the cainos, and whenever I'm going to play I deposit, it's usually little, the minimum because I don't have that much money either, I fear to lose.

Is there any specific reason for why you want to save money on gambling websites? Personally i won't do that and i won't recommend such thing to any gambler. It is another matter if you want to save money in gambling website for bad time during a game need more money to inject on it but you mentioned a word "save" which means you don't have to use that money but want to put it of saving purpose only! there's no extra advantage of such action but high risky thought at all where you are leaving your money by giving its control to gambling websites owners, lol

The OP maybe should use the term store, because if you are aiming to play in the near future,
it will save you fees if you just leave some of your funds in your account.
However, it is not yet advisable to leave funds in a third party platform for some unexpected reasons such as hacking among others.
Also, if you happen to leave your funds, make sure that you are on a very reputable site.

It seems as tho you are also talking about the self control involved. A gambler who has money in their gambling account is more prone to gambling with it (unless the person in question has grown to control their gambling urge). Be it as it may, I do not think that storing your money on a gambling site is smart at all. I’m just saying, but think about; what if you woke up one day and they banned your account for whatsoever reason? For the times I’ve gambled in the past, I always withdraw my earnings asap.

If you're hiding money from the government and mostly from your wife, this is what the other gamblers do. They are hiding their wealth somewhere else so that they won't have any trace of where it is. It will be just a few clicks away when they will be allowed to withdraw it as they're easy to liquidate. So choosing the point from being like this type of person into someone who advocates to be one of the crypto community. You're not going to do this. Or, if you're going to do this then that's with the amount that very little to you. And that is because you're not going to mind all the amount that's in risk whether the casino closes or if they will freeze your funds for some reasons although that's so rare to happen. Only with those KYCed accounts will see the point of it because if you're not yet done with the compliance then, you have to do that first before thinking of doing it.

It's a wrong idea to want to leave your funds on a gambling side and see it as a means of saving,  the wallet you have on the site isn't equivalent to a banking wallet and can be hijacked or hacked at any time and it has got no insurance so in such cases you are loosing all your funds.

It's advisable to always withdraw your funds to your banking account from the gambling sites so as to be on the safe side, and if you want to gamble , fund the needed amount and use it as you desire after which if you win, make sure to withdraw from the site to your bank account that way you can use the money for some other things asides gambling. Sometimes keeping these huge amounts in our gambling account can lead you to be tempted to increase your stake and when you loose you lose big.

I don't think I will be comfortable saving my money on a gambling platform, in case something happens to you your loved ones will have a hard time withdrawing the funds and some casinos have provisions on their terms that they will own the funds if it stores in their platform for a specific length of time, so better check the casino you're planning to store your funds if they have provisions like that.
And there's no guarantee that the casino will not be out of business, you will find yourself waking up and the casino is out and your money has gone too, it's not a good idea to keep your money in a gambling platform, there's a saying, not your key, not your funds and it applies here.

It's similar to saving money on cryptocurrency exchanges. The disadvantages are quite high. And it's never encouraged. Casino made balance for online players to stake games not to save money. Having a dormant account on a gambling site, because we are saving funds there, can be bad. The site can decide to make changes or even shut down. What then would be the profit of such person. He'll find himself on the losing side, having nobody to run back to for complaints. What happened to saving the money in their wallet. However, the long term existence of these online casinos may have ignited this decision of his, which isn't new. Some people could be doing it, at same time gambling gradually with the money to keep their account active. While maintaining their self control not to wager all the money. Although, people are different, not all could withstand holding money on a casino without spending it on gambling. But, personally speaking, I wouldn't encourage anyone to do that. Op should get a bank account or cryptocurrency wallet to save their funds. Money can be tempting, especially to a gambler. On a higher probability the risk could come from the player than the casino. As I know some casino that will still operate for long time. Though can't predict for sure, but they've been existing, hence the possibility is there.

Saving money in gambling sites I think is a very risky decision that may backfire on whoever that took the decision in the future. The online gambling sites are very hackable which means some external  hackers might hack the entire site and clear all the money in every account with the gambling site. So saving money on gambling sites shouldn't be an option for anyone if you as me

It have got risk of losing as well as end up gambling. For these reasons it is not good to hold it in gambling platforms. I have been using gambling platforms for many years and I haven't come across reputed gambling platforms getting into hacks. Trusted platforms have ended their services and during that time they notified us and gave time to withdraw the funds. There are good platforms, still to be on the safer side we need to avoid holding funds in gambling platforms.

I've done with it before knowing Bitcoin, but until I know how to hide it using a bitcoin wallet, I won't do it again. Because when I think about it now, hide our money on gambling site online is very risky from hacker or the owner site online. but it also depends on how much money you hide it, If only $100 or $200 that is not a problem. Maybe if we are bored, and I want to clear our mind, hide on gambling site is good, While saving dan hding it maybe we can also make it multiple from $200 to $400. There is nothing possible as far as you trust it.

hiding or saving money in any gambling site is okay depends on the amount but not recommended, like what you've said, It's very risky and there are some possibilities that your money will lose in case the gambling site has a problem and tends to close.It's okay if you keep the allocated fund for your gambling on a gambling site but not that much amount, Just save the majority of you money in reliable crypto wallet.

To me it does not make much sense to try to hide money on a gambling site, not only because the reasons you have already mentioned, but there is also the fact that anyone depositing money in form of crypto on a casino is basically providing liquidity to that casino for free. It is like a loan without asking for interests, what kind of good business would that be ?  :P
It would be better just to exchange all that crypto to dollars and stuff them into one's mattress or even move all of it to a non custodial wallet, one wont end up earning any interests in neither of those options, but at least one won't worry about getting the money lost because the casino goes out of business or some hacking taking place.

There is no problem with depositing money on a gambling site if it is a reputable ‍and secure site. But when the amount of money is more, it is better to transfer it to personal wallet. If I keep my money with others site, I have to put extra stress on it that I don't need if I keep it with myself.

Another disadvantage of depositing money on gambling sites is that there is a possibility of gambling with the deposited money at any time. Which is a major cause of damage. So it is best if you keep your money in your own wallet and transfer it to gambling when needed. There are many free wallets for saving money which are safe and you can save as per your wish in any one of them.

OP, this behaviour will amount high level of risk, how will someone g this lane, gambling is gambling whether we like it or not, to me is never an option to save money in gambling site wallet because there are several distracted attached to it, if you just register with them newly, this may turn you into a chronic gambler, most time you open the site and see your fund their, you may be tempted to try a sure odd as they normally say and you might end up losing such trial, your money will keep decreasing, once the name saving is mentioned, the first that come to mind is keeping money safe for future use, when such funds keep depreciating where you kept it, don't you think the purpose of such plan has been defeated, to me, I think that is a bad idea to save money in gambling sites.

Yeah, hiding it in a casino is also the same as not holding our funds because we're not holding our keys. Well for some reason that your government and your wife is aware of Bitcoin, they might just interrogate you and get you to that point of showing them what you have. At least that's with force and you won't allow that to happen.

It make sense when you're going to hide it with that kind of amount, there's no problem with those amount because they're affordable to lose for the majority. But I know that for some people this is a huge amount already but if you think that's enough and we're the type of person that keeps money almost everywhere with small to medium amounts, this is ideal strategy.

That depends on how much you can scatter from place to place and wallets to wallets. You can hide it through your own bitcoin wallet and depends if you like to do more with your casino wallets/accounts.

Storing money or even a crypto currency asset on a gambling platform will never be recommended. Well, it depends on the person if he will take the risk of storing it there, but gambling platforms tend to have issues in terms of money being lost and are prone to being targeted by hackers as they know they could get something from the platform. But mostly, this method of storing money on a gambling platform is used to hide confidential money—money laundering, for example—as some gambling platforms are illegal. That's why it is not appropriate to store money in such a way. Anyway, it's up to a gambler or a person if he or she wants to use this method. Just make sure that the amount is not too big and that the platform you put it on is one you can trust, its hard to trust in such platform now a days tl handle our money.

with the rising fees these days, maybe one can store some funds inside the casino if he is frequently playing on the site. but if he is looking to play after a week or so, should consider transferring his funds to his own wallet where he has full control of his keys. i believe a lot of gamblers are actually leaving their funds on casinos, but should consider the security and reputation of the site before anything else.
so many unexpected incidents that we have seen and encountered throughout the years, so i guess, you have so many reasons to secure your own funds from potential fraud.

Yes, this is what im doing now on which i do have some parked coins or literally speaking about Bitcoin into my gambling account due to high fees and since platforms does have dynamic fees
then you do expect that they would really be always getting in line with network fees on which it did goes up almost $20 as far as i remember which i could say that this is the highest
so far basing up with my experience here on this crypto space specially with Bitcoin fees.

$100 to $200 is not safety, it's still in jeopardy but in a different way. The urge to gamble will be the next problem. Knowing that you have money stashed in your account vault in one gambling site means the idea of testing your luck. Now, that's not investment anymore, it means you are risking the saved money and not just stashing it away to avoid being seen by your wife or the government.
I think it will be better if there's really no way we could spend it. There are gambling sites that offer services to invest our cryptocurrencies, especially Bitcoin, and in exchange, you will get an interest every month. If I am not mistaken, freebitco.in has this kind of feature and I do believe that's a better option than just keeping it in a gambling site.
There will always be that urge if you see numbers in your balance, it's better if it's zero so we won't have the desire to do so.

Well if you can manage your keys and money and you are sure you won't lose them, get robbed or something like that, then sure. As that's the essential part of the whole cryptocurrency ethos.

But imho keeping your money in trusted casino is as good safe as any. First of all you immediately get security you couldn't afford in a million years. You can gamble with it instantly if you want. And if you happen to die, it's way easier for your relatives to get your money. Unlike messing with the hidden privatekey, wallet, usb they know nothing about.

This old funny video summarizes the problem: https://www.youtube.com/watch?v=dktBrlikweo

Only thing that makes it problematic is that you can't just deposit and keep it safe. Because of AML laws you need to gamble it before withdrawing.

Even if a gambler doesn't get tempted by sure bets or anything and knows they won't touch the money, it's still not a good idea to keep them idle in a gambling platform because a gambling platform is a place for you to gamble and not to keep your money. There are all sorts of things that can happen, platforms and accounts often get compromised and casinos don't give you that much security from hacks and exploits apart from a Two-factor authentication which you might not have enabled.

If someone wants to save their money, they can simply use a non-custodial wallet for that so that they can keep their private keys and seed phrases somewhere very safe and they don't have the fear of the wallet getting hacked or exploited and their money getting stolen which are possibilities when your money is kept in a centralized platform.

Yes, it is better to keep the money in a non-custodial wallet than to keep the money in the casino. We can be tempted to use that money because there is a desire to win from gambling like other people have obtained. We would not think that gambling can cause a lot of losses even until our money runs out but we are tempted to increase the amount of money so that we can save more money in the casino. If we could think about other things, such as hacking or suspicious things that could happen to our account, we might think more about moving all the money in our gambling account to another place where it is safer and where we can control it.

Maybe if they only kept a small amount of money in their gambling account, there would be no problem because that is money that we can afford to keep on the casino site and also that money we will use for gambling. So it won't be a problem, but we won't save big money in our gambling account because we don't know what will happen to our gambling account.

For me no. Why? Because gambling sites and trading sites are the most risky thing a gambler or a trader has done. It is always not be advisable to store money on those platforms as they are not safe and prone to security breach. It is not the proper way of storing your funds on a gambling site if you are talking about future investments IMO.

You could wake up one morning and see all your money in the betting platform is gone and you cannot do anything about it. There is no difference between the betting platform and the local bank account. However, a chronic gambler cannot withstand seeing an amount in his betting platform without being tempted. One faithful day he will choose to use it for gambling with the mindset of doubling the amount. And in the process he might succeed or loose everything.

There are other better options for saving your fiat. Some apps lets you set targets and goals and that will be helpful. This is because you will not be allowed to withdraw your funs until the targeted date is reached.

Temptations will be there, I am sure of that.
Stake.com has a feature called vault and sometimes I do keep some money there just so I will only use the amount that I see on my screen and try to forget about that. But it doesn't work. My brain keeps on thinking about the amount that is in the vault and just recently I depleted them all.
Don't keep your money on gambling sites. It's not just about temptation too but we will never know when these applications will end. It could be tomorrow or the next day and our funds will be dragged with it once it closes down unless they will tell their customers about it first before closing the website down. It's just like the way we view trading websites, not your keys, not your coin.
We already saw the news about one trading site going down with funds of investors towed with it and up until now they are trying to get it back from the popular exchange. The same could happen with gambling sites but we ain't sure when it could be.

You are right, because no matter the high level of reputation that the casino has, it is not a wise practice to save money in a gambling platform. The reason is that as a gambler, you might be tempted to gamble with such funds, even though not at once. At the same time, you might just decide to amble with little amount from the money and before you know it, you will keep on gambling because you have enough money in your gambling wallet and you will forget that you never wanted to use the money to fund your gambling activities. I will say that it is a risky practice because for you to withdraw this money you must wager a certain amount based on the casino rules, which will mot make the funds complete anymore.

You are right, but to actually make this a bit straight for better understanding, I did add that, nothing is wrong if a gambler has some funds left on his gambling casino account, which is funds he or she is prepared to play gambling with in a couple of days comings, maybe he or she waiting for a particular game, for those who are mainly into sports betting. So instead of moving the funds back and forth, paying transactions fees on both sides, it's better to just leave the funds on the casino and wait for the coming game to play it wit the funds.

But on the other hand, like you have said, if the only purpose the gambler is leaving the funds on the casino account is as to allow it appreciate in value for profit sake, it's far much safer to just withdraw the funds to one's personal wallet and hold it there.

No one should ever keep funds considered as an investment on their gambling casino account, for the same way it is very bad to leave funds on centralized exchanges account, same way also it is very bad to leave funds on casino accounts, funds one does not plan to use to gamble.

OP this is equivalent to asking if you can save your carrots in a rabbit hole. What were you even thinking before coming up with this kinda crazy Idea  :D. Logically it's possible to keep your funds in a reputable gambling site, but the question is, as a gambler can you resist the temptations of seeing your betting account heavily funded, because you'll definitely want to give it a try. If you've accumulated that level of self control then you can do that without the fear of loosing your fund. But for me, I'll never consider such an idea and I believe that majority of the people here would agree with me that it's a very risky method of saving up your funds. If you don't want to save your funds in fiat( which I'm highly against) and wish to save it using crypto, then their are so many better options to consider, there are several decentralized and centralized wallets and exchanges you can save up your money and still don't have to worry about your safety of the funds rather than considering this ridiculous id3a as an option. Lol

Isn’t OP’s childishness and tomfoolery obvious to you? No one with a clear mind would suggest this method of storing money. Even carrots in the rabbit hole look safer than storing savings on gambling sites. On the one hand, these are completely unjustified risks and a temptation for site owners to steal your money, and on the other hand, they are a temptation for you to gamble and lose these savings. This is a doubly stupid idea. Moreover, no one has ever heard that gambling sites are reliable and safe places and deposits of money. From the point of view of external attacks. And I won’t even mention the fact that the main threat comes from within the site itself (the owners).

OP’s post is a good opportunity to joke about this topic, but certainly not for a serious discussion, and certainly not for bringing this stupid idea to life.

Haha I honestly laughed when I read this statement of yours, keeping money on gambling sites is the same as "putting carrots in the rabbit hole" it makes perfect sense buddy. as you said and the logic is that it's the same as you doing something that indirectly tells you yourself to gamble by putting money on gambling sites. you are a gambler whether you are addicted or not, but I think even if you are not too addicted there will still eventually be a sense of attraction that arises in you when you see money stored on one of the gambling sites. You're a gambler whether you're addicted to it or not, but I think even if you're not addicted to it there's still eventually going to be a sense of attraction that comes over you when you see money deposited on one of your gambling sites, so I'm not sure if you can really resist all the temptation that comes over you when you see that there's money deposited on a gambling site.

I think only a few people can resist all the temptations that are there, maybe only 20% of 100% of people can resist all the temptations in such conditions. For myself honestly I also would not do that or mean saving funds there even though I have pretty good control, because there are always times when I forget my limits a little, so by saving funds on gambling sites it is the same as telling myself to gamble. Basically there are many other ways for you to put money in a safe place, don't trap yourself by putting money on gambling sites.

If putting your bitcoins in a custodial wallet is already a risky thing to do, imagine doing that in your betting account, it's actually much more riskier since you might be tempted to spend that money in bets or games in your account compared to the custodial wallets where there's really no risk besides that it's not your coins since you don't have the key to the wallet. You're going to get far more when you consider using non-custodial wallets or cold wallets to store your money if it's in bitcoin because that way you know where your money is and you know that you are the one responsible for it and it's probably safer since you have all the access to it. Nothing wrong with leaving some money here and there but storing everything on that account is ridiculous because what's going to happen to you if that casino or betting site suddenly closed? You're going to be left with no money and you are the sucker in that deal.

Hahaha you are right and it is indeed difficult to save some money on gambling sites because there is always the temptation to use it whether playing or betting because gamblers feel they have some money in their balance and when they see good opportunity they will definitely use it.
In addition, saving money on site is also very risky and can even cause bad things if the inappropriate site is used, but on reputable site the main obstacle is the temptation to use the money as gambling capital.
Moreover, I not sure there are gamblers who actually save large amounts of their money on gambling sites and they use this method to invest because there are lots of personal wallets that can be used if only to store investment assets.

But it is true that everyone has their own decisions and responses, perhaps OP really wants to save his money on gambling site with the aim of getting number of benefits and being able to gamble easily without having to deposit money at any time.;D

Yes, it would be riskier, and it would be better to keep the money in a custodian's wallet so we can fully monitor it. We definitely don't want to be tempted and use the money to gamble, especially since we have a goal of always being able to limit our gambling activities, so saving the money in a gambling account can make us forget our goals and just want to gamble. It can also make us addicted to gambling because we see that we still have a balance in our gambling account and think that if we use a little of that balance, it will certainly be okay. In the end, we use up all the balance, so we can't stop gambling as easily as we want. By keeping those coins in your wallet, you can learn to be responsible so that if there is an increase in transaction costs like what happened with bitcoin, you will wait until everything returns to normal, and that means you can resist the temptation or desire to gamble on At that time because we didn't want to pay large transaction fees just to send some money to our gambling account.

The risks imposed on saving up money on a gambling site?

1. Temptation on spending those savings when gambling urge calls
2. Security - There's no way that it is really a wallet that you could depend on, they can ran anytime
3. Locked up potential
4. Imagine on having that 1x wagering into your deposit

I dont know on why people do think about this thing for it to be that viable or something that it is really a wise thing to be done? Are they out of their minds?
Saving up on a gambling site rather than with your own wallet or with banks. I dont know on what are the things that they've been thinking  ???

There are imaginations we should allow to die out in the realm of imagination without we attempting to give it a try because the result won't be a commendable one, which makes the question op is asking omw of such imaginations. Putting funds in a gambling account as a way of hodling it is like keeping fresh meats under the watch of a dog and expecting it never to take a bite. How's that possible!
Custodial wallet is risky but gambling account is two-way risky. For it's either the casino uses kyc requirements to frustrate you from been able to withdraw our money due to how big the amount or they can actually runaway with your money without an excuse.  What's so difficult in me creating an electrum wallet and stacking my coins in there to avoid complex stories.

The imagination was the cause of the gambler to withdrew the funds from the gambling,the gambler may consider the way of background check of the gambling sites.So they are free from the fear of losing the funds in the gambling sites and no need to worry to hold the funds in the gambling sites.Holding funds in the trusted gambling site may help the gamblers to save their transaction fee by the repeated deposits of the funds from the gambling sites for each game to the gambling sites.If the gambling site was the trusted one,you no need to worry about the deposits of funds in the gambling sites and holding the funds for the longer period compared to short period.

The mindset of putting the money somewhere to keep it there means that you do not want to touch it, like you want to "save" it, and gambling website is a terrible place for that, you may end up spending it. Freebitco.in is a different website when it comes to that, it is going to be hard not to put there because it gives 4%+ yearly return and I understand saving there is a bigger deal, that should be an important thing.

I remember that it is going to be a hard situation but it is not going to be impossible at all. I believe that we are going to end up with a situation that has to be all the more careful in the end. I guess the best thing to do in this case is to make sure that we are going to end up with a situation that will benefit you if you want to put it somewhere.

Thats is the mindset when you keep your money somewhere but I feel for us that gamble keep money in gambling sites to place bet any time any day, the money is not for saving because if anyone wants to save money they will preferable want to save it in their banks and not online except if you have bitcoin and even that is much safer to save in a wallet. Wow Freebitco.in have such percentage return is a good one keeping funds their won't bother you that much.  I did not even know about this but my fear most is keeping money their I might just end up spending the whole money on gambling and I always have my target. Everyone can speak for their self in term of saving their. And it is best everyone do what favors them.

I'm with you on some of your points but definitely not on many of them. It's the rightest advice that you do not "Save" your money in any custodial approach for too long, it would be ill-informed if done. A gambling platform is a gaming platform, it's for business and not your bank or your wallet, you should just do your thing there by holding the funds for your gambling plan, nothing more than that. This is applicable to whether the money is big or small, your money has to be kept where it belongs unless you are using it to gamble. When it comes to keeping, there is no better place to keep it than in your bank or your wallet, but if you are a high-volume player and keep much activity with your casino, fine, but the moment you have too many funds you are not using to bet, there is nothing it's doing there anymore. I can't imagine some people crying foul after issues arise due to the liquidation of the casino or their greed. This happens to small casinos often, so one has to be wise.

Whether exchange or gambling site or any custodial platforms is never been that safe. Just like the rest been saying that as long you dont possess the keys of a certain wallet
then its never been yours on which means that whenever they've decided to run away or would become scam then there's no way for retrieval. Also putting it up on a gambling site
in terms of your savings is never been that good or ideal because you would really be likely be spending those money once again on the site or platform
because are talking about gambling platform on here on which it would be normal that you will really be that easily to play if you wanted to and since you do have
balance then temptation would really be that high.

alright, lets agree the gambling site is a trusted one and has no issues existing for long term. Let's now beam our torch on the gambler who's holding the funds in his gambling account the likelihood is that he will be tempted to use a part of the funds to gamble, it usually start with small amount and from tampering with a small amount if he loses control of himself and forgot the purpose of holding the funds in his gambling account.  Not everyone can be able to resist the temptation that's why some people are scared of saving funds in gambling account.

Physical and online wallet founders/makers will be laugh after reading this thread lol, most of the comments on this thread are correct.
Gambling site is the place for us to gamble not saving nor hiding our precious crypto, if I have to choose where to hiding the crypto from my wife then I will choose a trusted exchange than a casino.
Even if we are not a gambler, our degen soul inside might not able to resist the temptation to place bets with those balance.

Also dont forget about the tax, crypto gambling tax is not cheap on certain countries. So it might work for you and some people but not for all.
Well, the bigger the money is - the more we care about the security of our precious.

Yes it is not your keys,  not your wallet,  this have been what it has been,  even though we have some exchange and casinos that offers banroll facility for the investment as to partakein the revenue sharing of the casino or exchange,  much more there are higher risks with such form of investment since you can lose the total whole of your money if anything happens to the platform while your money in it as an investment or what so ever it is.

Could you specify on what current gambling sites are offering that kind of investment option or choice for you to get a % or simply dividend on the money that they had parked into their platform?

Majority of sites now doesnt really offer such opportunity because most of them are really that sole proprietors on which they do ran off the business on their own bankroll.
It isnt really that common if we do speak about investment options because once they do make launching into this market then everything is already that prepared and you wont
really be having the options making some investment. There's a reason if you do make some storage or making it park on their since you re investing
but if you are really that making it as a wallet then it would really that too risky.

most of reputable gambling websites don't require any additional deposit or withdraw fees in my opinion. So I don't found this reason as legit for store money on that gambling website. Although people are unique by thiers thoughts and anyone can do whatever they want with their money but storing or saving money on gambling website don't sounds wise to me as you agreed that many usually thing could be happened and get hacked could be one of those. But it is okey to keep that much money on the main gambling account so that a person can start gambling tomorrow or the day after tomorrow. Thats enough. Besides you also need to have strong mindset for not to use extra money within a day for recovery losses or something else

By the way, if we keep on mind that both gaming platforms and exchanges are centralized and custodial services, some people may argue there is no much difference between keeping one's funds in a casino or an exchange. In either case we do not have a complete control over our money.

Also, I know exactly what you mean when you talk about someone feeling the temptation to gamble money they are not supposed to. It is something which is common to happen, specially to people of this forum who receive campaign payments directly to their casino accounts. I have read about unlucky users lossing their payment completely because the urge you talk about.

i still have some funds in sportsbet for a while already. i was just looking for a match in sports that is worth betting so it's been there like stored for several months already i say i fought the temptation but maybe because i'm more off into sports than chasing my luck with casino games. the ones with the urge and store their coins are likely going to push the button especially when they think the luck is with them that very day.

still storing in casino is worse than one could decide, its not even meant for storing but because there's a wallet, its somehow convenient ffor gamblers.

Agreed, most of the gamblers prefer to have funds in their gambling platform wallet for their convenience and not for security reasons. Not everyone have the control, and here it is good that you have control on your gambling activities. Most of the funds kept on the gambling platform gets lost due to the urge to gamble and not due to security or other reasons. Rather than switching between wallets and to avoid the spending of few dollars worth of cryptocurrency on transaction fee most common gamblers prefer to have the funds on the gambling platforms.

I don't know about you, but the idea of storing crypto in a casino until one feels good luck is with one that day is rather silly. I would think of myself having a little bit of Bitcoin deposited in Stake and because I would feel lazy or because it is just a little bit, I chose not to withdraw it from the casino to a non-custodial wallet.
So if for some reason that day several good things happen to me for no apparent reason, then I would probably take some of my spare time to see if I can get a good multiplier.
Statistically, we all know that luck is just an anomaly on what numbers tell us is more likely to happen, but the feeling of good luck through one of those days can feel very real.

If you save up your money on gambling platforms, you're likely to be in this man same conditions from the image above if you keep using a custodial wallet for your asset, gambling wallets are best used when we keep the money we have assigned to gambling in it because they are purposely for gambling and we can afford using them all for that same specific purpose of gambling, if we want to hold and save up our money, the best is not in account where it could be used for gambling, we can make use of cold storages for our assets and hold them there because the keys are in our custody and we cannot also easily use the money for gambling.

The good gambling site was the safest one,even though it was not our wallet or keys to safe guard of the wallet.The gambler who had enough money to balance their monthly expenses can hold the their coin in the gambling site itself.The world famous gambling site stake.com was safe to hold your coin,it was my personal opinion,because I had huge holding in that gambling site.My money was safer in that gambling site,So you should choose the best gambling site to hold the money.This give you safe feelings even if your hold the money in the gambling site.This also help to save the deposit and withdrew fee all the time you use to deposit and withdraw.If you feel you get the good luck from the gambling site,then use the holding money and multiple the funds to many times only in the gambling site is Possible.