What cryptocurrency would you engage to gamble in?

[dupee419]

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

[el kaka22]

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

I haven't seen it anywhere but gambling with nano could be amazing. It can even be off-chain and still be faster than some of the on-chain bitcoin gambling options. I think if there was any websites that allowed people to gamble as fast as possible on nano we can see the awesomeness of how valuable it is to just gamble with a coin that has instant transactions.

I mean the workload on the website from millions of wagering is still creating stress on the server for the website but it is at least fixing one issue. Also people can deposit and withdraw nano instantly which would make them gamble even faster, depositing and waiting for your deposit to show up is still taking a lot of the hype from you, if it was instant like nano, I bet we would gamble more and wager more.

[Wendigo]

I used to play with different alts when DirectBet was still around. Bitcoin had higher transactions fees back then and it was more efficient to transfer alts with minimal TX fees like DOGE. Nowadays most crypto books cover the TX fees and also allow minimal BTC bets as low as 0.001mbtc which eliminates the need to play with alts if you would like to bet small. So to me gambling with BTC is perfectly fine at the moment and will suffice for both small and big bettors.

[supermine]

So what do you think? What cryptocurrency should be recognized and should be gambled with?

I will simply use the bitcoin for the purpose of gambling because most of the people doing gambling for making money so if they got rewarded then they will go to the place to convert it into the fiat since we cannot use the bitcoin in most of the place as it is,if we are using alts then we need to convert them into the exchanges and need to pay some extra fees so I don't want to go under these circumstances.

[AT101ET]

From what I've seen most the top (widespread) cryptos have their own dice sites, faucets and the such. However, when it comes to full fledged casinos (offering live play, sports and whatnot) there is less of a range of currencies that are accepted for deposits.
That said, you can easily exchange your coins for BTC meaning that you can technically (indirectly) gamble in every cryptocurrency.

[carlfebz2]

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

I haven't seen it anywhere but gambling with nano could be amazing. It can even be off-chain and still be faster than some of the on-chain bitcoin gambling options. I think if there was any websites that allowed people to gamble as fast as possible on nano we can see the awesomeness of how valuable it is to just gamble with a coin that has instant transactions.

I mean the workload on the website from millions of wagering is still creating stress on the server for the website but it is at least fixing one issue. Also people can deposit and withdraw nano instantly which would make them gamble even faster, depositing and waiting for your deposit to show up is still taking a lot of the hype from you, if it was instant like nano, I bet we would gamble more and wager more.

I'm with this one which I have remembered Raiblocks which is now Nano do offer almost instant transaction which would really be great if it would be recognized but talking about BTC gambling being mainly used then there no doubt because you can exchange or convert easily fiat into btc and btc to fiat which its no surprise that this coin will always be preferable but as of these days we can eventually see lots of alternative coins which you can use it always end up on your preference.

[JanpriX]

So what do you think? What cryptocurrency should be recognized and should be gambled with?

While reading this question of yours, two cryptocurrencies popped out of my mind right away. These are: BTC and DOGE. I've spent significant amount of my precious tie in gambling and most of the time, these adventure of mine involved these two coins. BTC as being the general accepted coin in every gambling website out there. My portfolio consists mostly of BTC so it is a no-brainer to use it in gambling. Less hassle in converting and can be easily cashed out anywhere.

I've mentioned DOGE because this is one of the coins that are widely accepted in gambling websites together with BTC. I've had a lot of bag of it in the past and when my BTC is tied to my other investments, I take the liberty to use some of my DOGE to have pleasure in gambling. The transaction time and fees for it are very fast and very convenient at that time.

[xIIImaL]

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

After the implementation of ICO and smart contracts has been launched, nowadays you can have the good way to use their tokens directly to bet with that hence amount you need to spare from fiat to bitcoin and all will be stopped for sometime.

Next to that bitcoin and ethereum are the major currencies widely used on gambling and all kind of cryptocurrencies sites mate.

[eternalgloom]

I know that a lot of people probably won't agree with me on this one, but I'd really like to see casinos use Steem more often for gambling.
They have no fees on transactions and they're also lightning fast.

I'm currently not aware if any casino is offering this at the moment, let me know if you know any any gambling website currently accepting Steem deposits/withdraws

[CryptoGamblingSites]

This is a great question and topic, rare in the forum here

Gambling sites almost always need to offer BTC/ETH deposit options now. Whether an altcoin is used or not shouldn't matter a lot because those are the two main crypto currencies people already own. If the site wants anything other than BTC or ETH used to gamble, it is the sites responsibility to make that trade easy for gambling customers though. The ones who don't do this are just asking for trouble with their site.

CoinPoker is a good example of a gambling site doing it wrong. You have to go out of their site to an exchange with your BTC or ETH to buy their CHP token and then you can deposit the token to gamble on their site. The more gambling sites that launch like this, the more crypto gambling sites we will see fail.

Launching a gambling site in crypto and not catering to BTC and ETH holders makes you an asshole currently. It is hard enough to run a gambling site without adding in the difficulty of a unique shitcoin that needs to be used to gamble with. People trying to do too many things with a simple gambling site are going to have problems down the road with different areas, either the gambling part or the token part.

[Dread Pirate Roberts]

Well if you want to play very long time with safest way or maybe just for time to earn some coin. i'e choosing doge. using capital 1k-2k doge and play slowly quite fine. or maybe you can choose another low value coin to play safe. and also its back again to the individual person. what coins they like and want,

[shanem]

There is no difference in the coin you use to gamble in as you can adjust your stake depending on your risk appetite. The only difference altcoin deposit makes is the amount of fees you pay when you withdraw from your wallet. Currently, bitcoin withdrawal is high compared to most altcoins if you withdraw less than $100 worth of coin from your wallet. If gambling sites accept altcoins, they would be able to attract more customer with lower budget.

[kurian]

I started gambling using Bitcoin. Now, my favorite is Litecoin. It is has fast transaction, low fees and some sites offers no minimum bet for Litecoin. So, for a bigger bankroll, it would be very useful in prediction games.

[CryptoGamblingSites]

There is no difference in the coin you use to gamble in as you can adjust your stake depending on your risk appetite. The only difference altcoin deposit makes is the amount of fees you pay when you withdraw from your wallet. Currently, bitcoin withdrawal is high compared to most altcoins if you withdraw less than $100 worth of coin from your wallet. If gambling sites accept altcoins, they would be able to attract more customer with lower budget.

That isn't true at all.

If you gambled with Funfair token or the CoinPoker shitcoin last month, they are now worth 30-50% less in just 30 days.
https://coinmarketcap.com/currencies/funfair/
https://coinmarketcap.com/currencies/coinpoker/

Whereas if you gambled with BTC in the last 3 months, even if it was at $8200 and it's now at $7000, you only lost 15% on the value to cash out bitcoin at an exchange. Plus most people want to actually hold bitcoin for awhile and only cash out on gains, whereas the altcoins you really never know what is going on.

Huge differences with altcoins that have zero adoption though.

[maydna]

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

for now, I am gambling with dogecoin although, in my first time, I used bitcoin for the bet. I think by using dogecoin, I can play the game for a long time although I don't want to play for a long time but using dogecoin still the cheapest coin that I don't have any problem at all. the sending and receiving dogecoin from one wallet to other wallet don't need to wait for a long time and I can use for a small amount to bet. it feels not good if I use bitcoin to gamble and for me, it is better to save bitcoin and not use for playing gambling.

[jrrsparkles]

I think bitcoin is the best because it is accepted in almost all the gambling sites so I can can play anywere if I have bitcoins,no need to convert them one to another.Many people say the transaction speed is the problem with bitcoin but many gambling sites have instant deposit options as well so it is not a problem for me.

[Binugon]

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

Many trusted online gambling sites use Bitcoin as a stakes, because currently Bitcoin is the most popular coin and is widely used by gamblers, then many also recommend online gambling sites using Bitcoin, so to avoid risk you should bet using Bitcoin compared to other coins .

[tabas]

Dogecoin! The meme coin should be recognized by the world that its not just a meme but it's title should be changed into a gambling coin. It has cheap fee and fast though.

[Betwrong]

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

Adding other than Bitcoin alts to gambling sites was a necessary measure in times when Bitcoin transactions were either very slow or too expensive. Currently, when you can pay as low as 10 satoshis/byte for your transaction to be confirmed within 30 minutes, there's no acute need for that. But nevertheless it looks good overall when a site accepts different alts, you can gamble with some dust of coins which you don't need for anything else. It's a cool feature.

[leowonderful]

I still have a few alts I hold that I use for depositing and withdrawing for gambling, but the fees incurred through exchanging one coin to another just isn't worth it for me anymore, so I just transact straight from my BTC wallets for gambling at the moment. Should fees get higher again, I'll definitely consider alts again, but it's not necessary at the moment. I don't save anything using alts, and my money's completely in BTC already.