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Question: What coins do you mostly gamble with?
bitcoin
ethereum
litecoin
a coin based on eth platform
dogecoin
I don't gamble much
old-school fiat is best for me
other coin

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Author Topic: Gambling with altcoins  (Read 16601 times)
niguezz
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May 15, 2019, 03:53:14 PM
 #461

Earlier the gambling industry is fully occupied by bitcoin, further with the growth of ethereum it got its importance and more gambling websites started to accept it into gambling. Further more altcoins gained its importance into gambling. Even now majority of the users prefer bitcoin.

Exactly, not many online casinos are accepting other cryptocurrencies than bitcoin, i think because they don't trust altcoins as much. I still remember that couple years ago, finding such online casino was really dreadful, more of them were accepting fiat money. Right now the popularity of cryprocurrencies if growing and also platforms based on blockchain technology are setting their offer not only for bitcoin users, but also for altcoins fans.

For me it is really interesting. Recently I've found Futurobet where I can use some of my BTC also smaller ones crypto like FTO

And this is one of many examples, where even such small altcoin like FTO is accepted in an online casino. Just like in the case of Futurobet, i don't think that i've ever found an online casino that was operating with altcoins exclusively, without bitcoin
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May 15, 2019, 04:14:31 PM
 #462

Nowadays, the exchanges are coming up with their own altcoins, such as the Binance Coin (BNB), Yobit Coin (YOVI), Huobi Token (HT), Kucoin Shares (KCS).etc. Similarly, I expect the top gambling sites to come up with their own tokens or altcoins. Sites such as Prime Dice have been in existence for more than 6 years now. We can expect tokens from them sometime soon.
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May 15, 2019, 04:42:12 PM
 #463

Any gambling platform without altcoins like: Ethereum, Litecoin and Doge aren't interested to me, and not always playing around becasue altcoins give my play a better look than playing around all the time with Bitcoin. Many atime, i swap Bitcoin for some accepted altcoin before i gamble, loosing some altcoins never worried me like i lost Bitcoin. 
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May 15, 2019, 05:53:38 PM
 #464

Any gambling platform without altcoins like: Ethereum, Litecoin and Doge aren't interested to me, and not always playing around becasue altcoins give my play a better look than playing around all the time with Bitcoin. Many atime, i swap Bitcoin for some accepted altcoin before i gamble, loosing some altcoins never worried me like i lost Bitcoin. 

I usually try to select platforms with altcoins as you do.
From my personal experience I think that they are not scamming online casinos and also they give me another opportunity to gamble safer as I don't risk my bitcoins. On the other hand, if altcoins are going to increase in value in the future then losses are more, but it is not so risky to gamble with them.
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May 15, 2019, 07:33:21 PM
 #465

To gamble, we can consider bitcoin is the best option. Next to that I love to use the Ethereum or nature tokens. Because these three are the best coins to do it.

I rarely see the people are using altcoins in gambling site. I have used the stake recent days with the doge. Apart from that I do not try anywhere with alts.

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May 15, 2019, 08:30:03 PM
 #466

You can invest any type of currency in gambling and the result will based on your investment if you are invested they good altcoin then then it will definitely returns to you with good profit that is the simple theory here available for you.

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May 15, 2019, 10:43:12 PM
 #467

If that certain coin is acceptable then why not? We only take the used of altcoins in the market in trading but if it will be accepted in gambling the we have to enjoy it.
But mostly gambling sites accepted only those valuable coins in the market and so dead/shit coins will be just rejected and thrown into the garbage bins. T
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May 16, 2019, 02:56:00 AM
 #468

I prefer to use to bitcoin when it comes to gambling rather than altcoins because for me altcoins are very risky to hold not just like bitcoin while you are holding at the same time just like investing on it. You can gamble with a single sats that you want if what the minimum required on a gambling site. However, if I have no choice but I have altcoins then it's better to use it than nothing.

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May 16, 2019, 03:49:36 AM
 #469

I prefer to use to bitcoin when it comes to gambling rather than altcoins because for me altcoins are very risky to hold not just like bitcoin while you are holding at the same time just like investing on it. You can gamble with a single sats that you want if what the minimum required on a gambling site. However, if I have no choice but I have altcoins then it's better to use it than nothing.
When I am gambling, I don't think of holding, I have separate funds for gambling and investing.
Bitcoin this time at the bullish market is not good for gambling, you need to pay a higher transaction fee, good for you if you bet big amount, but if not, better use altcoins like doge, it's cheaper.

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May 17, 2019, 02:44:50 PM
 #470

If that certain coin is acceptable then why not? We only take the used of altcoins in the market in trading but if it will be accepted in gambling the we have to enjoy it.
But mostly gambling sites accepted only those valuable coins in the market and so dead/shit coins will be just rejected and thrown into the garbage bins. T

some potential altcoins have been implemented by most gambling sites, the goal is for gambling players to enjoy the game and be able to choose the type of coins that will be at stake in it. in addition, altcoin can be a complement to several existing gambling sites, even some gamblers prefer to make withdrawals using altcoin because the costs incurred are cheaper than using withdrawals with bitcoin.
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May 17, 2019, 04:13:41 PM
 #471


some potential altcoins have been implemented by most gambling sites, the goal is for gambling players to enjoy the game

I really agree with this. It's true that with altcoin gambling will certainly cost less if you use doge for example. With that, you will enjoy gambling games, because if you use bitcoin it is true that every game might be big and gambling is withdrawal. It's better to use altcoin so the game can be longer and of course we will enjoy every gambling game.
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May 17, 2019, 04:19:45 PM
 #472

If that certain coin is acceptable then why not? We only take the used of altcoins in the market in trading but if it will be accepted in gambling the we have to enjoy it.
But mostly gambling sites accepted only those valuable coins in the market and so dead/shit coins will be just rejected and thrown into the garbage bins. T

some potential altcoins have been implemented by most gambling sites, the goal is for gambling players to enjoy the game and be able to choose the type of coins that will be at stake in it. in addition, altcoin can be a complement to several existing gambling sites, even some gamblers prefer to make withdrawals using altcoin because the costs incurred are cheaper than using withdrawals with bitcoin.
This is right, and one of the best altcoin to use when it comes withdrawal is Dogecoin, I choose Dogecoin because it has a low value of the transaction fee. Altcoins are usually preferred by the other gamblers, they know that aside on having a low-cost transaction fee it has a good value in the market a very volatile coin. I like those gambling sites that having exchange crypto coin if you have bitcoin but you like altcoin you can easily to exchange.
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May 17, 2019, 05:28:02 PM
 #473

You can invest any type of currency in gambling and the result will based on your investment if you are invested they good altcoin then then it will definitely returns to you with good profit that is the simple theory here available for you.

Only play with currency which is worthless or else you may play with best and end up in losing that in bets and thus you also miss that money making opportunity which will happen during bull run. So understand that accordingly one should play .

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May 17, 2019, 05:39:29 PM
 #474

You can invest any type of currency in gambling and the result will based on your investment if you are invested they good altcoin then then it will definitely returns to you with good profit that is the simple theory here available for you.

Only play with currency which is worthless or else you may play with best and end up in losing that in bets and thus you also miss that money making opportunity which will happen during bull run. So understand that accordingly one should play .

No betting sites would allow coins without value to be played, it would be wasteful. House wants to make money in fact they are always making money and not the players. They surely prefer BTC but then there are more coins today which has value and easy to play with like EOS and TRX which OP didn't include in the poll. Right now, my first choice is EOS. TRX has lots of gambling dapps but might not be my preferred one.

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May 18, 2019, 01:36:08 AM
 #475

I prefer to use to bitcoin when it comes to gambling rather than altcoins because for me altcoins are very risky to hold not just like bitcoin while you are holding at the same time just like investing on it. You can gamble with a single sats that you want if what the minimum required on a gambling site. However, if I have no choice but I have altcoins then it's better to use it than nothing.
When the fees are quite high for bitcoin, I'm choosing an altcoin like litecoin and doge to save fees and that's what I do when I gamble.
That kind of reasoning, I think it's opposite. You are saying that altcoins are very risky to hold but you are not going to hold, you are going to gamble with that specific altcoin you have.
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May 18, 2019, 01:47:29 AM
 #476

I prefer to use to bitcoin when it comes to gambling rather than altcoins because for me altcoins are very risky to hold not just like bitcoin while you are holding at the same time just like investing on it. You can gamble with a single sats that you want if what the minimum required on a gambling site. However, if I have no choice but I have altcoins then it's better to use it than nothing.
When the fees are quite high for bitcoin, I'm choosing an altcoin like litecoin and doge to save fees and that's what I do when I gamble.
That kind of reasoning, I think it's opposite. You are saying that altcoins are very risky to hold but you are not going to hold, you are going to gamble with that specific altcoin you have.

The gambler has chosen Litecoin and dogecoin because both coins have a fast transaction confirming and the fee is not too big depends on bitcoin. Besides that, when you use dogecoin, and you have 10k amoung of dogecoin, you can use it for playing gambling for more than 3 days because that is what I did with my dogecoin. Usually, I only spend less than 1000 dogecoin to bet in a dice game, and I keep the rest on the website because that will easier for me to play in the next days. I don't have to send it again from the first wallet to the account wallet in the gambling website.

 
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May 18, 2019, 06:15:18 AM
 #477

Altcoins are good to use in gambling because of the lowest fee they have, not just like Bitcoin it contents a high fee when you have a transaction there. Well, that's right Litecoin and Dogecoin are the best option when you are transferring the fund from your wallet or from a wallet into your gambling account. However, all of these maybe varies the fee on the market price movement, there's a time that it will increase the fee of altcoins you are going to use. Indeed, it depends on the situation you had.









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May 18, 2019, 06:41:52 AM
 #478

I prefer to use to bitcoin when it comes to gambling rather than altcoins because for me altcoins are very risky to hold not just like bitcoin while you are holding at the same time just like investing on it. You can gamble with a single sats that you want if what the minimum required on a gambling site. However, if I have no choice but I have altcoins then it's better to use it than nothing.
When the fees are quite high for bitcoin, I'm choosing an altcoin like litecoin and doge to save fees and that's what I do when I gamble.
That kind of reasoning, I think it's opposite. You are saying that altcoins are very risky to hold but you are not going to hold, you are going to gamble with that specific altcoin you have.

The gambler has chosen Litecoin and dogecoin because both coins have a fast transaction confirming and the fee is not too big depends on bitcoin. Besides that, when you use dogecoin, and you have 10k amoung of dogecoin, you can use it for playing gambling for more than 3 days because that is what I did with my dogecoin. Usually, I only spend less than 1000 dogecoin to bet in a dice game, and I keep the rest on the website because that will easier for me to play in the next days. I don't have to send it again from the first wallet to the account wallet in the gambling website.

Good for you because you guys like altcoins and yes altcoins have a less fees plus faster transacting time  , this is good for a person that is on a tight budget but loves to enjoy playing online gambling  . While for me i only prefer bitcoin because im not really conscious about the excess fees and besides i can still recover those fees pretty easy if ever i won because bitcoin has an expensive value and you can easily double your profit if you win   .
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May 18, 2019, 08:11:37 AM
 #479

^ that was the advantage there when you are going to use Bitcoin in gambling, the price is expensive in Bitcoin and for sure it will be doubled your capital once you have won. Although Altcoins are good too I also prefer to use Bitcoin during in my gambling because doesn't need to trade other coins when I am going to convert fiat(dollars). Well, our choices will depend on us which we are comfortable to use in gambling even how much the fee if you are willing to gamble you can deposit even the fees are quite high.
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May 19, 2019, 04:15:41 AM
 #480

^ that was the advantage there when you are going to use Bitcoin in gambling, the price is expensive in Bitcoin and for sure it will be doubled your capital once you have won. Although Altcoins are good too I also prefer to use Bitcoin during in my gambling because doesn't need to trade other coins when I am going to convert fiat(dollars). Well, our choices will depend on us which we are comfortable to use in gambling even how much the fee if you are willing to gamble you can deposit even the fees are quite high.

It depends upon individual liking and disliking, if he is willing to play with btc even in the times of increased bitcoin prices. Although if the bitcoin price is increased, you will risk more money in gambling with same amount of btc which also mean that in case you win, you will be awarded more. 

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