Betting feature at exchange

[pandukelana2712]

Maybe its not the first topic, but I can't find a topic regarding this issue.

Guys, what you think about betting feature at the exchange?
As far as I know, exchangers are a place for traders, not gamblers.

Today I got an official email from TOPBTC about that feature.

TopBTC has been widely released after the launch of the beta version of HashBet online games

Interestingly, TOPBTC users can enter the feature without register.

So, will this feature make new visitors/users increase? Or it will make trader annoying?

[nakamura12]

IMO, if an exchange has betting feature then the users will increase or not because it depends on the users if they are interested to an exchange that has betting feature. There are betting exchange already but I don't know if the users in that betting exchange increased. If you search on google about the best betting exchange then the result is the number 1 betting exchange is betfair according to the reviews of people who use betfair.

[hahay]

I guess it's only natural and won't be annoying, IMO. The gambling feature in the exchange has long been available in one of the exchanges and I personally don't feel like it's a nuisance or anything, but it depends on how we view the feature, because I personally never gamble on an exchange even though the exchange provides gambling features, because when I entering the exchange then fully I will only do trading activities and not gambling.

[Tipstar]

The first time I found a gambling option on an exchange was yobit. They have a dice with 2% house edge that supports multiple currencies.
Trading and the hot topic of this time, margin trading are a form of gambling but dice and other betting do bring some fun to the exchange. But I'd still prefer an exchange without gambling option as I have my priorities for different places.

[AB de Royse777]

The first time I found a gambling option on an exchange was yobit.

Same here. Yobit came in my mind after seeing the topic title. Anyway a business can add anything in their website if they want but in my opinion gambling feature in an exchange does not look good. Besides if a company wants to offer everything at one place then surly they will compromise the quality. YoBit is a good example. Their service (customer service) is one of the lowest grade.

Specialize exchange like Binance, kucoin, polo etc may never add this kind of service. It's totally two different business model.

[shoreno]

IMO, if an exchange has betting feature then the users will increase or not because it depends on the users if they are interested to an exchange that has betting feature.

it will increase the user because traders are risk takers and what they doing is already considered as a gambling  . this was also the reason on why trading exchange owners comes up with the idea like this and the same as gambling owners that sets up a trading feature inside thier platform for extra income .

ive seen alot of trading exchange that has a gambling feature  and i think that was cool because traders will not get bored if they are waiting for thier orders/transactions  to be procesed  .

[rosezionjohn]

Isn't the "Buy" and "Sell" buttons already a gambling feature for these exchanges?  

Kidding aside, adding that feature is a good way to double or completely lose the little funds that you can no longer withdraw from exchanges

[Astargath]

Makes no sense, you might as well add other gambling games, what's the point? An exchange should be an exchange not a gambling platform, if they want to add something like that, they should do it on another platform. I can't see a reputable exchange adding such a shitty feature ever.

[dunfida]

Interestingly, TOPBTC users can enter the feature without register.

So, will this feature make new visitors/users increase? Or it will make trader annoying?

It depends because people do have different preference.Some traders do like having 2 things in one go and other do like to have an another specific site for betting.

So the answer will not be fixed because on my side,if an exchange do have that betting feature this would only distract me yet trading accompanied with betting feature nearby will just really be a distraction.

[jrrsparkles]

Maybe its not the first topic, but I can't find a topic regarding this issue.

Guys, what you think about betting feature at the exchange?
As far as I know, exchangers are a place for traders, not gamblers.

Today I got an official email from TOPBTC about that feature.

TopBTC has been widely released after the launch of the beta version of HashBet online games

Interestingly, TOPBTC users can enter the feature without register.

So, will this feature make new visitors/users increase? Or it will make trader annoying?

It is not going to change anything unless the exchanges like binance or some other with daily trading volume in billions.Personally feels that the people who are doing crypto trading more concern about their capital so they won't just believe their luck and do bets while trading on the exchange itself.This is just work like refreshment for the stressed trader but won't become a successful business module on exchanges.

[ralle14]

If most of their users starts recommending their betting feature there could be an increase but it's unlikely to see it getting recommended because when you go to an exchange you don't visit their site only to play gambling games. Most bitcoin exchanges that are popular doesn't even have a betting feature this is just nuisance to traders since it's another way for them to lose some of their money.

[adzino]

Maybe its not the first topic, but I can't find a topic regarding this issue.

Guys, what you think about betting feature at the exchange?
As far as I know, exchangers are a place for traders, not gamblers.

Today I got an official email from TOPBTC about that feature.

TopBTC has been widely released after the launch of the beta version of HashBet online games

Interestingly, TOPBTC users can enter the feature without register.

So, will this feature make new visitors/users increase? Or it will make trader annoying?

A useless feature to add gambling games like dice on an exchange. Useless for us but not for the exchange. They know if people deposits anything in the exchange they will have a temptation of gambling over there.
The feature won't increase their user count. I don't see any reason why gamblers will join an exchange to gamble over there. I also see no reason for traders to be annoyed by this.

[swogerino]

I don't think users who are regulars on exchanges do care much about gambling,sure they may give it a try but that is it.I am sure that they will be focused only on their main business,exchanging money.This feature is annoying to users but may be beneficial to the exchange if some users from exchanging turn out to become heavy bettors.

[proTECH77]

Couldn't exactly understand while there should be an exchange that will have the features of a gambling platform, personally I don't think its going MTO be more attractive to both gambler and traders. If it is an exchange so be it or a gambling platform so.be it, I will want to see an exchange or a gambling platform.

[Janation]

This is my first time hearing this too.

It is an exchange so I guess I will just focus on trading and finding good cryptos to invest. I would gamble too but I will not be using my balance in that site, I would use a faucet if they had one. Do they have referrals? I also do hope they have bonuses since that would also boost their users not only investors but also gamblers.

[Ayiranorea]

This is just addition of service from an exchange, everything is a business. When they've got funds for the investment they keep widening the business in the possible industries. Traders never mind gambling, but when there is direct access from trading account surely users will tend to give a try. This way there is more possible chances for success of the new service along with the trading.

[Oilacris]

This is just addition of service from an exchange, everything is a business. When they've got funds for the investment they keep widening the business in the possible industries. Traders never mind gambling, but when there is direct access from trading account surely users will tend to give a try. This way there is more possible chances for success of the new service along with the trading.

Its all about business but I doubt If exchange owners would add it up since handling 2 different things into one site does really give too much work and maintenance.
From trading platform going to its gambling feature.If they do have the money and the time to handle then why not?This would be the first ever exchange to have that feature.

[jhongzjhong]

There is betting feature exchange and that is Yobit exchange but unfortunately, they have a bunch of accusation and it means bad reputation. That is normal for me that exchange platform has also gambling platform or just we say vice versa gambling platform at the same time exchange platform. Windice.io gambling also has exchange but those selective altcoins that you might exchange like Bitcoin, Doge, Ethereum and Litecoin.

[Patatas]

Wouldn't the exchanges need extra legit licenses to run a part of gambling site? I'm talking about the good and top-rated one's and not Yobit. They abide by the AML policies and probably pay taxes. There is no way they will be allowed to carry gambling operations without proper legal permission.

Having said that, they will just need to convert their traffic into gamblers by providing lucrative offers to rewards. They already have the traffic, it's a win-win situation.

[tippytoes]

Wouldn't the exchanges need extra legit licenses to run a part of gambling site? I'm talking about the good and top-rated one's and not Yobit. They abide by the AML policies and probably pay taxes. There is no way they will be allowed to carry gambling operations without proper legal permission.

Having said that, they will just need to convert their traffic into gamblers by providing lucrative offers to rewards. They already have the traffic, it's a win-win situation.

Maybe they have respective licenses as I've seen several exchanges integrated by casino games like crex - they have dice and blackjack. But I don't know about their licenses if they do have. If they are running legit, more than likely they secure their gambling permits as well.