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[naim027]

Well, I can only add one thing... rules are rules! And the casino has the right to do things in their own way! The same as we (users) have a right to choose a casino where we wish to spend time and money! The exchange can be convenient, but it's not like it's necessary!

You are absolutely right!

Did I say that They must add an exchanger? I know rules are rules. And They can do whatever they want in a legit way. And I think they are 99.9% legit. I just said that adding an exchanger will not be good for the casino. So I think they will never add it.

I also said, If they add an exchanger, Users will be benefitted. So what's wrong here?

The worst part is that we have to do something like that in order to withdraw our money. I had some ETH in here back in the day, it was a very very small amount, like 9 dollars or something like that I believe, and I couldn't withdraw it because it was under the minimum withdrawal threshold and that's why I had to keep gambling with it and obviously I ended up losing it all.

That is a proof that we need to have some lesser minimum withdrawal level and a lower fee, or at least help it with some swaps so that we could turn it into something else and make a profit there. In any other case I would be supporting the casino to not have an exchange because they are not forced to, however these days the fees of moving money in and out is a lot, so an exchange could be awesome, it would allow people to do whatever they would like to without fear of losing it.

Right. the same thing happened with me at Wolf. Remember Doge ATH? About $0.80 or close to that? That time, I had 80 Doge on my wolf account. and their minimum withdrawal was about 350 Doge maybe? or 250? I can't remember exactly. That time, I had no choice. So I played and lost them all.

[1714690208]

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[1714690208]

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[lupandina]

I'm not surprised that some casinos doesn't want to have an inside exchanger. It's risky and takes efforts.

Will make a very simple, even childish example, why I wouldn't implement an exchanger if I would be a casino owner 

Two players came. Player A made a deposit of 0.01 btc, player B made a deposit of 0.01 btc, and both decided to exchange it to xrp for playing. At that time price I (casino) credited to their balances, let's say, 500 xrp each.

Player A had a nice run, made his balance to 3000 xrp and now wants to withdraw it. Where the heck I should get these from, if there weren't any xrp deposited? How much of each coin should I hold "just in case"?
While player B didn't win or lose much, and now wants to exchange his same 500 xrp back to btc and withdraw it. Problem is - prices changed, and now it's worth not 0.01 btc, but 0.012 btc. So I didn't earn from him any, but still need to pay extra from my own pocket?

Ofc sometimes it works in otherwise direction, but still - risk is too big.

[naim027]

I'm not surprised that some casinos doesn't want to have an inside exchanger. It's risky and takes efforts.

Will make a very simple, even childish example, why I wouldn't implement an exchanger if I would be a casino owner 

Two players came. Player A made a deposit of 0.01 btc, player B made a deposit of 0.01 btc, and both decided to exchange it to xrp for playing. At that time price I (casino) credited to their balances, let's say, 500 xrp each.

Player A had a nice run, made his balance to 3000 xrp and now wants to withdraw it. Where the heck I should get these from, if there weren't any xrp deposited? How much of each coin should I hold "just in case"?
While player B didn't win or lose much, and now wants to exchange his same 500 xrp back to btc and withdraw it. Problem is - prices changed, and now it's worth not 0.01 btc, but 0.012 btc. So I didn't earn from him any, but still need to pay extra from my own pocket?

Ofc sometimes it works in otherwise direction, but still - risk is too big.

Hehe. You got the Point. I don't blame them since they have their own business strategy.

Some casinos use wallets where you can exchange coins easily. Suppose you exchanged BTC for XRP and you paid 2% Fees, You should take 5% fees from your players. that's how you can manage them.

Having an Exchanger is good for Players, Bad for the casino owners.

[lupandina]

I'm not surprised that some casinos doesn't want to have an inside exchanger. It's risky and takes efforts.

Will make a very simple, even childish example, why I wouldn't implement an exchanger if I would be a casino owner 

Two players came. Player A made a deposit of 0.01 btc, player B made a deposit of 0.01 btc, and both decided to exchange it to xrp for playing. At that time price I (casino) credited to their balances, let's say, 500 xrp each.

Player A had a nice run, made his balance to 3000 xrp and now wants to withdraw it. Where the heck I should get these from, if there weren't any xrp deposited? How much of each coin should I hold "just in case"?
While player B didn't win or lose much, and now wants to exchange his same 500 xrp back to btc and withdraw it. Problem is - prices changed, and now it's worth not 0.01 btc, but 0.012 btc. So I didn't earn from him any, but still need to pay extra from my own pocket?

Ofc sometimes it works in otherwise direction, but still - risk is too big.

Hehe. You got the Point. I don't blame them since they have their own business strategy.

Some casinos use wallets where you can exchange coins easily. Suppose you exchanged BTC for XRP and you paid 2% Fees, You should take 5% fees from your players. that's how you can manage them.

Having an Exchanger is good for Players, Bad for the casino owners.

I know very good, how to manage it with fees, I own Dinabot
The only reason, why I can manage it with less risk than a casino - is that I can reject an exchange, simply by allowing to use limited balances.

[batang_bitcoin]

I'm not surprised that some casinos doesn't want to have an inside exchanger. It's risky and takes efforts.

Will make a very simple, even childish example, why I wouldn't implement an exchanger if I would be a casino owner 

Two players came. Player A made a deposit of 0.01 btc, player B made a deposit of 0.01 btc, and both decided to exchange it to xrp for playing. At that time price I (casino) credited to their balances, let's say, 500 xrp each.

Player A had a nice run, made his balance to 3000 xrp and now wants to withdraw it. Where the heck I should get these from, if there weren't any xrp deposited? How much of each coin should I hold "just in case"?
While player B didn't win or lose much, and now wants to exchange his same 500 xrp back to btc and withdraw it. Problem is - prices changed, and now it's worth not 0.01 btc, but 0.012 btc. So I didn't earn from him any, but still need to pay extra from my own pocket?

Ofc sometimes it works in otherwise direction, but still - risk is too big.

Actually there's no risk with the casinos who will have an exchanger. The risk only comes if they're the one who's going to have their own exchange inside their casino but many of the casinos that has their own exchange insides are just integration of a 3rd party service.
They just have to connect their customers with an exchanger which is the 3rd party and it will do the job for those customers that want to exchange their deposits.

[lupandina]

I'm not surprised that some casinos doesn't want to have an inside exchanger. It's risky and takes efforts.

Will make a very simple, even childish example, why I wouldn't implement an exchanger if I would be a casino owner 

Two players came. Player A made a deposit of 0.01 btc, player B made a deposit of 0.01 btc, and both decided to exchange it to xrp for playing. At that time price I (casino) credited to their balances, let's say, 500 xrp each.

Player A had a nice run, made his balance to 3000 xrp and now wants to withdraw it. Where the heck I should get these from, if there weren't any xrp deposited? How much of each coin should I hold "just in case"?
While player B didn't win or lose much, and now wants to exchange his same 500 xrp back to btc and withdraw it. Problem is - prices changed, and now it's worth not 0.01 btc, but 0.012 btc. So I didn't earn from him any, but still need to pay extra from my own pocket?

Ofc sometimes it works in otherwise direction, but still - risk is too big.

Actually there's no risk with the casinos who will have an exchanger. The risk only comes if they're the one who's going to have their own exchange inside their casino but many of the casinos that has their own exchange insides are just integration of a 3rd party service.
They just have to connect their customers with an exchanger which is the 3rd party and it will do the job for those customers that want to exchange their deposits.

It's exactly what I was trying to say

[shield132]

The moment you asked for withdraw from casino, your funds are proceed and you aren't able to gamble, i.e. when you click the withdraw button, you are no longer to gamble, so, there is no problem in this case I guess and it has nothing to do with the time of transaction process and then confirmations on blockchain.
Btw there are some solutions for these kind of users even without withdrawing:
1. Ask to freeze their account for a while (you won't be able to unlock it even if you request).
2. Some casinos offer additional wallet where you can lock your funds.

Btw that's the personal problem that needs to be treated, it means that you are addicted to gambling and like other kind of addictions, this one can ruin your life.

The main idea is that gambling and exchanges are different. If you have money in an exchange and you are not getting it right away then what are you going to do? Like you can't gamble it and then lose it, it is there and it will come, plus after you already confirm withdrawing even if it is not coming just yet, it is not tradable in most of the cases as well.

This is why I was saying that casino business is a bit different because if you cannot withdraw your money right away, then you may end up gambling with it and lose it all. So in an exchange it is "I have 100 bucks in it, I withdrew all 100, they haven't sent it yet, but it is there and coming and I can't do anything with it" , whereas in a casino you could have "I withdrew 100 bucks from this casino, they didn't do it, they didn't had hot wallet so I ended up gambling with it and lost it all", it is possible and that's the problem.

Is there any casino that has constantly empty hot wallet? And because of empty hot wallet you can't click on withdraw button? What I say from my experience (and I was working in one online casino), I can say that your funds (in cases that I know, haven't had different experience), from the moment you click on withdraw, it doesn't matter whether hot wallet is empty or not, the amounts of coin that were meant for withdraw are immediately locked. Have you ever received message from casino that they can't proceed withdrawal because they don't have money in hot wallet? Idk, if there exists such casino, you better not gamble in those ones. There are a lot of casinos where you won't ever hear about that kind of problems, better do some research and don't play on poor casinos that doesn't properly manages the budget.

[finaleshot2016]

Shiba Inu is definitely a gambling token right now; I didn't anticipate it to go as far as Doge. Shiba is currently arriving wolf, which is fantastic news for wolf bet users. This is definitely a major changer for the platform, since I've seen several people abandon other platforms in order to use Shiba in a gambling site.

I didn't expect Shiba to acquire a lot of traction in the crypto community, and all I can say is that it was well-played.

[TheGreatPython]

Actually there's no risk with the casinos who will have an exchanger. The risk only comes if they're the one who's going to have their own exchange inside their casino but many of the casinos that has their own exchange insides are just integration of a 3rd party service.
They just have to connect their customers with an exchanger which is the 3rd party and it will do the job for those customers that want to exchange their deposits.

I fully agree, there should be third party exchanger that helps the casino, that way the casino itself doesn't have to build a whole new exchange because it would make their job easier. However the idea of "if player wins and he has more xrp, where will he trade it, there is no more xrp deposited!!" is not really a good case. I mean exchanges have countless amounts of coins and people trading it, with high enough volume in everything, not only people will be able to withdraw whatever they want to, but people could even arbitrage it based on the price at other places and keep the price in check as well.

Moreover it depends on how many people will use it, but the exchange will always have enough money to suffice a whole bunch of traders let alone gamblers trying to withdraw or trade to gamble with another coin. I still think no casino should do that, third party is easier anyway, but it is also not impossible to manage.

[SquirrelJulietGarden]

Shiba Inu is definitely a gambling token right now; I didn't anticipate it to go as far as Doge. Shiba is currently arriving wolf, which is fantastic news for wolf bet users. This is definitely a major changer for the platform, since I've seen several people abandon other platforms in order to use Shiba in a gambling site.

I didn't expect Shiba to acquire a lot of traction in the crypto community, and all I can say is that it was well-played.

Fast transaction and cheap token that are good enough to be used for gambling. Shiba Inu succeeds with its noise and the community accept it so far. It is not the cheapest altcoin in price and has fastest transaction speed but it has two advantages, noise and adoption.

From crypto exchange to gambling industry, it has good success so far. It will be another meme coin that survive together with Dogecoin.

[Haunebu]

From crypto exchange to gambling industry, it has good success so far. It will be another meme coin that survive together with Dogecoin.

Musk is one of the primary reasons why this particular token became so popular in recent times. Observed him talking about it in various videos on multiple occasions. It's quite similar to Dogecoin in this aspect.

However, Wolf.bet needs to focus more on reducing BTC withdrawal fees instead of adding more altcoins since there are plenty of decent options available already.

[shield132]

I'm not surprised that some casinos doesn't want to have an inside exchanger. It's risky and takes efforts.

Will make a very simple, even childish example, why I wouldn't implement an exchanger if I would be a casino owner 

Two players came. Player A made a deposit of 0.01 btc, player B made a deposit of 0.01 btc, and both decided to exchange it to xrp for playing. At that time price I (casino) credited to their balances, let's say, 500 xrp each.

Player A had a nice run, made his balance to 3000 xrp and now wants to withdraw it. Where the heck I should get these from, if there weren't any xrp deposited? How much of each coin should I hold "just in case"?
While player B didn't win or lose much, and now wants to exchange his same 500 xrp back to btc and withdraw it. Problem is - prices changed, and now it's worth not 0.01 btc, but 0.012 btc. So I didn't earn from him any, but still need to pay extra from my own pocket?

Ofc sometimes it works in otherwise direction, but still - risk is too big.

Logically, casinos shouldn't come with their own exchanges. In fact, casinos have a lot of partners and service providers when it comes to different games. For example, casinos have an agreement with live casino suppliers like Evolution for Live Blackjack, Roulette, Baccarat and other live games. They have an agreement with betting providers who will make odds for their sportsbook. They have an agreement with slots service providers to implement slot games on their website. Do you see? Not all the things come out directly from casino. In fact, it's a big house of different kinds of agreements. That's why they don't run their own exchanges, it's just impossible to keep the reserves always filled in different altcoins if you aren't already an exchange (and it can be financially very unprofitable). They just partner with exchanges and that's all, they get all in one - smooth service and good rates from exchanges.

[Oilacris]

From crypto exchange to gambling industry, it has good success so far. It will be another meme coin that survive together with Dogecoin.

Musk is one of the primary reasons why this particular token became so popular in recent times. Observed him talking about it in various videos on multiple occasions. It's quite similar to Dogecoin in this aspect.

However, Wolf.bet needs to focus more on reducing BTC withdrawal fees instead of adding more altcoins since there are plenty of decent options available already.

If Bitcoin fees is dynamic then it wouldnt really be much a problem since it would just adjust on the current network mempool condition but
if its fixed then they should really make out some  adjustments because not all would really be paying up a high fee if the current pool does
only require cents.

They are adding more alt coins and there would be no exemption into those coins which are currently popular or been hyped since
they do know on whats the power of hype.

It might turn out that Doge is much more better but having Shib wont really be putting any harm to them.

[Stedsm]

Actually there's no risk with the casinos who will have an exchanger. The risk only comes if they're the one who's going to have their own exchange inside their casino but many of the casinos that has their own exchange insides are just integration of a 3rd party service.
They just have to connect their customers with an exchanger which is the 3rd party and it will do the job for those customers that want to exchange their deposits.

I've seen a few casino and dice sites which have their in-built exchangers where you can directly exchange your coins to all types of coins that are available for withdrawal on those sites. But the catch, the fees were high compared to what you'd generally pay on an exchanger outside if you go there directly (this also applies to third party exchangers involved in the casino/dice sites because these sites also add up their commission plus the exchanger's fee).

[batang_bitcoin]

Actually there's no risk with the casinos who will have an exchanger. The risk only comes if they're the one who's going to have their own exchange inside their casino but many of the casinos that has their own exchange insides are just integration of a 3rd party service.
They just have to connect their customers with an exchanger which is the 3rd party and it will do the job for those customers that want to exchange their deposits.

I've seen a few casino and dice sites which have their in-built exchangers where you can directly exchange your coins to all types of coins that are available for withdrawal on those sites. But the catch, the fees were high compared to what you'd generally pay on an exchanger outside if you go there directly (this also applies to third party exchangers involved in the casino/dice sites because these sites also add up their commission plus the exchanger's fee).

Yeah, those casinos that have exchanger and asks for a huge fee per trade is likely a commissioner from an outside service. They're just going through and referring it to the service provider. That's lucky are those that have known an exchange with a low fee because it's part of their casino and they don't source out the exchange with an outside service.

[Beparanf]

From crypto exchange to gambling industry, it has good success so far. It will be another meme coin that survive together with Dogecoin.

Musk is one of the primary reasons why this particular token became so popular in recent times. Observed him talking about it in various videos on multiple occasions. It's quite similar to Dogecoin in this aspect.

However, Wolf.bet needs to focus more on reducing BTC withdrawal fees instead of adding more altcoins since there are plenty of decent options available already.

If Bitcoin fees is dynamic then it wouldnt really be much a problem since it would just adjust on the current network mempool condition but
if its fixed then they should really make out some  adjustments because not all would really be paying up a high fee if the current pool does
only require cents.

Most of the Casino usually fixed the amount of withdrawal in Bitcoin to a certain amount to due to mempool issue as you said but sometimes they are slow to update it in case Bitcoin price increase and the mempool status is not heavily loaded with transaction. Its good thing that Wolf bet use the average fee in Bitcoin  because I saw many Casino that charge 0.001BTC flat rate on Bitcoin withdrawal fee no matter what is the status of mempool.

[hd49728]

Most of the Casino usually fixed the amount of withdrawal in Bitcoin to a certain amount to due to mempool issue as you said but sometimes they are slow to update it in case Bitcoin price increase and the mempool status is not heavily loaded with transaction. Its good thing that Wolf bet use the average fee in Bitcoin  because I saw many Casino that charge 0.001BTC flat rate on Bitcoin withdrawal fee no matter what is the status of mempool.

Most of crypto exchanges and crypto gambling sites charge same withdrawal fee without consideration on mempool.

[Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos

It is fact that you must be aware of and must accept when you use crypto exchanges and gambling sites. Some of gambling sites waive withdrawal fee but they are not too common.

If you want to get cheap withdrawal fee, choose altcoins.

[Haunebu]

Its good thing that Wolf bet use the average fee in Bitcoin  because I saw many Casino that charge 0.001BTC flat rate on Bitcoin withdrawal fee no matter what is the status of mempool.

How exactly is a good thing? Wolf.bet is charging very high BTC withdrawal fee which is a negative point and there is nothing good about this. They need to learn from other sites which charge lower or zero withdrawal fees in comparison.

It is fact that you must be aware of and must accept when you use crypto exchanges and gambling sites. Some of gambling sites waive withdrawal fee but they are not too common.

If you want to get cheap withdrawal fee, choose altcoins.

You could also simply switch to other crypto gambling sites that charge lower or zero withdrawal fees like Bitcasino, Stake etc because majority of the gamblers prefer withdrawing BTC instead of other altcoins.

Why? Because it's easier to convert to their native FIAT currencies through sites like LocalBitcoins etc when compared to altcoins -> FIAT.

[hd49728]

You could also simply switch to other crypto gambling sites that charge lower or zero withdrawal fees like Bitcasino, Stake etc because majority of the gamblers prefer withdrawing BTC instead of other altcoins.

Why? Because it's easier to convert to their native FIAT currencies through sites like LocalBitcoins etc when compared to altcoins -> FIAT.

I did not imply that anyone has to switch to other gambling sites. I implied that they can prepare for times when transaction fees are expensive on BTC, ETH network. I meant they have to prepare a few altcoins for their deposits to gambling sites and plans for withdrawals.

Some gambling sites only allow to withdraw the coin you deposit. Some gambling sites have marketplace or exchanges in their sites. You can swap between coins.

[RichGang]

As you can see, Compared to BNB Minimum ($9.97) Withdrawal limit with the ETH Minimum Withdrawal limit ($125.24) is way high. Suppose a Player has $50 in ETH. At this moment, That Player has to make it $125 to withdraw it or lose them all.

Transaction fee affects the min withdrawal limit. Because casino can not allow withdrawal amount that is smaller than transaction fee.

They can waive transaction fee, charge cheap or expensive fee and you can look at the min withdrawal limit and think of your plan with deposits and withdrawals.

This fact of expensive transaction and withdrawal fee will result in more chances for altcoins with fast block time and cheap transaction fee. They will be considered to add by casinos and exchanges that in turn can help them to have support by community, investors, users, gamblers. They will help those potential altcoins to grow.

I agreed. But My point was, still there is a good business idea for not adding own inbuild exchanger. There could be a way to avoid that kind of transaction fee if they had an exchanger.

the casino doesn't want to let you go out from there.

they should give the option of claiming race, bonuses etc in alt coin. i dont use btc