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Author Topic: Roobet.com | Crypto’s Fastest Growing Casino 🦘  (Read 82341 times)
aysg76
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June 14, 2021, 03:17:59 PM
 #2841

<snip>
The exchange feature may be seen as a solution for players to be able to choose which coin to use as a withdrawal but there will definitely be an exchange fee which may add to the cost for players, in my opinion it is better to deposit using coins with low withdrawal fees, because Roobet has several coins as options so players can choose which coin to make deposit.
Personally, I prefer being able to chose what coin to withdraw from any cryptocurrency deposit I made to the casino as it allows me to choose the least transaction fee for my withdrawal. For example, I made a deposit using bitcoin, and I can choose ethereum or litecoin to withdraw those funds.
It's not only you but feasible for most of the players that withdrawal is allowed for different currencies regardless of the deposit crypto but it's not supported in many casinos.The fees issue can be solved if low fees is set and you don't have any urgency to withdraw funds but most probably they are set with RBF and high fees are deducted for confirming the transactions on time as casinos don't want to have any delays and allegations on them for fund problems.So try to withdraw high profits or combined small wins if you can.

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June 14, 2021, 07:06:46 PM
 #2842

The exchange feature may be seen as a solution for players to be able to choose which coin to use as a withdrawal but there will definitely be an exchange fee which may add to the cost for players, in my opinion it is better to deposit using coins with low withdrawal fees, because Roobet has several coins as options so players can choose which coin to make deposit.
It is both a solution and another problem to have at the same time. It is a solution because we are talking about having multiple currencies which would allow people to gamble with a lot more stuff, however we are talking about another problem because "how will you do it" is a thing. Like if they do their own exchange then they need ton of volume, which I know is not easy and since this is a casino and not an exchange that would not be available, so if they use another third party to do it then what is going to happen with the charges, it is not going to be cheap to do that and if they can find a cheap way to do it then there is a trust issue with the third party.

All of these can be handled, I am sure it is not impossible since other places can do it, but there is this work to be done, it is not like a days work, we are talking about a ton of coding and human interaction to handle this.

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June 14, 2021, 09:59:25 PM
 #2843

Like if they do their own exchange then they need ton of volume, which I know is not easy and since this is a casino and not an exchange that would not be available, ...

Yes, it is a casino, so it makes sense for them to have liquid assets. Do you think Roobet's payout of a big win would be questionable?
Btw, they already have, so to speak, an exchange in place. Upon payment of any cryptocurrency, deposits are converted into rubidos. And vice versa, when withdrawing.

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June 16, 2021, 01:21:12 AM
 #2844


Yes, it is a casino, so it makes sense for them to have liquid assets. Do you think Roobet's payout of a big win would be questionable?
Btw, they already have, so to speak, an exchange in place. Upon payment of any cryptocurrency, deposits are converted into rubidos. And vice versa, when withdrawing.


What do you mean by rubidos? Never heard this before...
An exchange would indeed be helpful or just some more extra coins to deposit/withdraw such as DOGE/TRX would also be nice.



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June 16, 2021, 08:25:10 AM
 #2845

An exchange would indeed be helpful or just some more extra coins to deposit/withdraw such as DOGE/TRX would also be nice.
A nice feature for sure, but of course also a completely different caliber in terms of implementation, maintenance and legal requirements. Therefore, I cannot imagine that a gambling platform would also consider and/or offer exchange functionalities.
In addition, there are now many solutions on the market with which you can quickly convert your coins from, for example, ETH to BTC, sometimes in seconds and is usually very cheap.

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June 16, 2021, 11:29:55 AM
Merited by xandry (3)
 #2846


Yes, it is a casino, so it makes sense for them to have liquid assets. Do you think Roobet's payout of a big win would be questionable?
Btw, they already have, so to speak, an exchange in place. Upon payment of any cryptocurrency, deposits are converted into rubidos. And vice versa, when withdrawing.


What do you mean by rubidos? Never heard this before...

My mistake. It's actually "Roobidos" - Roobet's Currency.

Quote
Roobidos are the universal currency used in all games of chance, games of skill, or games offered on the website by the company and its third-party partners. All wins are paid out in Roobidos, directly to you Roobido-safe. All wins will be added to your Roobido save immediately after the bet resulting in the win ends, at the latest, within 1 (one) minute after the bet concluded.

You can exchange your Roobidos at any time for Bitcoin, Litecoin or Ethereum, depending on which of the three cryptocurrencies you used for the deposit. The company will not add any exchange fees and lets you freely exchange Roobidos at the current conversion rate of 1 (one) Roobido being equal to 1 (one) US Dollar in cryptocurrencies.
https://roobet.com/?modal=terms



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June 16, 2021, 03:07:35 PM
 #2847


Yes, it is a casino, so it makes sense for them to have liquid assets. Do you think Roobet's payout of a big win would be questionable?
Btw, they already have, so to speak, an exchange in place. Upon payment of any cryptocurrency, deposits are converted into rubidos. And vice versa, when withdrawing.


What do you mean by rubidos? Never heard this before...
An exchange would indeed be helpful or just some more extra coins to deposit/withdraw such as DOGE/TRX would also be nice.
Most casino prefer to allow deposit of top coins being trading in the market which are also easy to liquidate at the time of withdrawal or converting them.But now doge is being a deposit options at many casinos also due to its hype and demand with some fees and speed issue of other coins.But soon we will see more coins being added to the list as per demand and regulations.

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June 17, 2021, 07:56:10 PM
 #2848

Most casino prefer to allow deposit of top coins being trading in the market which are also easy to liquidate at the time of withdrawal or converting them.But now doge is being a deposit options at many casinos also due to its hype and demand with some fees and speed issue of other coins.But soon we will see more coins being added to the list as per demand and regulations.

What are you talking about? What regulations?
To my knowledge, there are no regulations regarding the types of coins accepted for deposit and withdrawal at crypto casinos. The decision lies solely with the casino managers.

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June 17, 2021, 08:37:15 PM
 #2849

My mistake. It's actually "Roobidos" - Roobet's Currency.
I have no idea why the Roobet team chose a crappy name like Roobidos for their virtual currency. Sounds silly. There are far better alternatives available.

A nice feature for sure, but of course also a completely different caliber in terms of implementation, maintenance and legal requirements. Therefore, I cannot imagine that a gambling platform would also consider and/or offer exchange functionalities.
It's not as tough as you think. For example, Stake provides a crypto exchange service which is helpful though it has its issues. Roobet could integrate it into their site as long as there is enough demand for it.

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June 17, 2021, 09:02:41 PM
 #2850

Most casino prefer to allow deposit of top coins being trading in the market which are also easy to liquidate at the time of withdrawal or converting them.But now doge is being a deposit options at many casinos also due to its hype and demand with some fees and speed issue of other coins.But soon we will see more coins being added to the list as per demand and regulations.

What are you talking about? What regulations?
To my knowledge, there are no regulations regarding the types of coins accepted for deposit and withdrawal at crypto casinos. The decision lies solely with the casino managers.

^ That is right, the advantage of a gambling site that has to accepted various top altcoins is really great, you can definitely choose which altcoin has a lower fee to choose from if your concern is to save the fees. I don't see any coins there that have regulation too probably reply above was referring to the coin that highly manipulated not the regulated since he was talking about the hype of the coin. There is no problem with that coin as long as it will always be listed on an exchange, I don't have a problem if the reply above was talking about dogecoin.
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June 18, 2021, 01:13:23 AM
 #2851

Most casino prefer to allow deposit of top coins being trading in the market which are also easy to liquidate at the time of withdrawal or converting them.
Of course, because players definitely don't like it when selling their profit coins the value decreases quite a lot because the trading volume is low.

But now doge is being a deposit options at many casinos also due to its hype and demand with some fees and speed issue of other coins.But soon we will see more coins being added to the list as per demand and regulations.
Even if they don't even include Dogecoin on their website as a payment option I think it won't be a problem because there is already LTC as a cheap in tx fee

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June 18, 2021, 03:12:19 AM
 #2852

Most casino prefer to allow deposit of top coins being trading in the market which are also easy to liquidate at the time of withdrawal or converting them.But now doge is being a deposit options at many casinos also due to its hype and demand with some fees and speed issue of other coins.But soon we will see more coins being added to the list as per demand and regulations.

What are you talking about? What regulations?
To my knowledge, there are no regulations regarding the types of coins accepted for deposit and withdrawal at crypto casinos. The decision lies solely with the casino managers.

I think what he meant is like that. Regulation or from casino owner or manager, which coin should be accepting to gain more attention from people. Doge hype already ended btw, soon it will be back to initial price before Elon shitpost about it. Just stick with other coins which has lower fee like LTC
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June 18, 2021, 06:23:37 AM
 #2853

Most casino prefer to allow deposit of top coins being trading in the market which are also easy to liquidate at the time of withdrawal or converting them.But now doge is being a deposit options at many casinos also due to its hype and demand with some fees and speed issue of other coins.But soon we will see more coins being added to the list as per demand and regulations.

What are you talking about? What regulations?
To my knowledge, there are no regulations regarding the types of coins accepted for deposit and withdrawal at crypto casinos. The decision lies solely with the casino managers.

I think what he meant is like that. Regulation or from casino owner or manager, which coin should be accepting to gain more attention from people. Doge hype already ended btw, soon it will be back to initial price before Elon shitpost about it. Just stick with other coins which has lower fee like LTC
Roobet already offers the best coins/tokens for gambling, and DOGE is still a good addition even if the hype is over since it is being used since then even before the hype of Elon. Roobet is one of the best gambling site today despite of their current updates with KYC, the regulations will always come in gambling site especially if they are a licensed gambling site, casino develop have to adopt or else they'll die as well.
Indeed, i love using Dogecoin in every gambling site i am playing and this is why I'm thankful in in each site.
Hope that roobet will consider adding this in the near future.

I have no headache with the Roobet withdrawal priority settings, nice idea on a casino gambling site. However, still there is some issue with the withdrawal fess. I love to watch if Roobet introduce us with paying currency, suppose we deposit whether BTC/ETH/LTC the site converts every transaction into coins. Then gamblers can request withdrawal on any currency, that has lowest transaction fees. Few gambling site has this option.

I agree. Many multi-currency casinos allow currency conversion on site. This would be a useful feature for Roobet, as it would let players choose the currency that they want to withdraw in.

Yeah , last time i wanna try converting to other coins my BTC for lower fee but sadly roobet has no option such this.
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June 18, 2021, 03:07:39 PM
 #2854

Most casino prefer to allow deposit of top coins being trading in the market which are also easy to liquidate at the time of withdrawal or converting them.But now doge is being a deposit options at many casinos also due to its hype and demand with some fees and speed issue of other coins.But soon we will see more coins being added to the list as per demand and regulations.

What are you talking about? What regulations?
To my knowledge, there are no regulations regarding the types of coins accepted for deposit and withdrawal at crypto casinos. The decision lies solely with the casino managers.

I think what he meant is like that. Regulation or from casino owner or manager, which coin should be accepting to gain more attention from people. Doge hype already ended btw, soon it will be back to initial price before Elon shitpost about it. Just stick with other coins which has lower fee like LTC
Yes this was what I meant to write that the casinos also have to follow some steps and decide which coins they are adding as deposit option with them after considering lot of factors.As stated by me above there might be some misconception but this is what I was saying.If you look at most of the casinos you will easily find btc,eth,ltc as deposit option and other coins may vary like doge, Monero are also being considered by many like recently duelbits have made Monero to their casino providing anonymity to the players.The casino goes with public demand to maintain their reputation.

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June 18, 2021, 04:10:02 PM
 #2855

~ If you look at most of the casinos you will easily find btc,eth,ltc as deposit option and other coins may vary like doge, Monero are also being considered by many like recently duelbits have made Monero to their casino providing anonymity to the players.The casino goes with public demand to maintain their reputation.
Casinos will of course choose coins with large market capitalists and BTC, ETH, LTC are good coins that will not go down further unless there is a big bearish then of course they will not arbitrarily add this coin option will definitely be reconsidered and monero for those who like it privacy coins but whether roobet will add because they currently have implemented KYC system and its users.
But I think that with lower-cost coins, the user's needs have been met, meaning that there is no need to choose anything else and for me, with LTC  have had enough.
But for other users, of course, they want to try other coin variants that they like.

R


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June 18, 2021, 05:00:50 PM
 #2856

<cut>
Monero are also being considered by many like recently duelbits have made Monero to their casino providing anonymity to the players.

Sure, monero for anonymity and KYC for celebrity. A killer combination!

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June 18, 2021, 06:32:34 PM
 #2857

Roobet already offers the best coins/tokens for gambling, and DOGE is still a good addition even if the hype is over since it is being used since then even before the hype of Elon. Roobet is one of the best gambling site today despite of their current updates with KYC, the regulations will always come in gambling site especially if they are a licensed gambling site, casino develop have to adopt or else they'll die as well.
Indeed, i love using Dogecoin in every gambling site i am playing and this is why I'm thankful in in each site.
Hope that roobet will consider adding this in the near future.
Dogecoin is not something I like personally for investment, I understand that many people made a good chunk of money from investing into dogecoin in the past 6 months thanks to elon musk but I still do not see it as a good investment personally because after all it was a coin created just for jokes and it has absolutely no reason to be as high as it is today, and that is why I stay from it.

However when it comes down to gambling, dogecoin is one of the best because it is very cheap to move around, you can do it nearly for free and at the same time you gambling with thousands of them at a time, well it was like that before price went up, right now you do not gamble with too much of it, but it is still one of the cheapest and that is important, instead of gambling with 0.00001 , you end up gambling with 1, that is the difference and that is why I like it.

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June 18, 2021, 07:26:35 PM
 #2858

An exchange would indeed be helpful or just some more extra coins to deposit/withdraw such as DOGE/TRX would also be nice.
A nice feature for sure, but of course also a completely different caliber in terms of implementation, maintenance and legal requirements. Therefore, I cannot imagine that a gambling platform would also consider and/or offer exchange functionalities.
In addition, there are now many solutions on the market with which you can quickly convert your coins from, for example, ETH to BTC, sometimes in seconds and is usually very cheap.
There were definitely places that does "exxchanging" but it is not exactly an exchange, it is just conversion and that is possible with some third party apps. This way they are not really in charge of you changing your currency to another currency, they are just simply letting you use that third party app and they are the responsible ones, all they have to do is provide you with that option and then give you option to gamble with the converted money and that's it.

This is why I believe there is a good chance that we could end up with something like that, or at least if they are going to do something about it that is going to be the thing they will do. This is not a simple job, it really requires a ton of work but when it is over it will be over and you will end up with a lot more customers gambling because of how they can convert their money to whatever they want.

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June 18, 2021, 08:08:59 PM
 #2859

This is not a simple job, it really requires a ton of work but when it is over it will be over and you will end up with a lot more customers gambling because of how they can convert their money to whatever they want.
I honestly don't think so, no. Those who are already using crypto gambling platforms have been in contact with cryptocurrencies before and have already bought bitcoin, for example. Someone who has never heard of cryptos will most likely never start gambling on a crypto platform.
The only way to get such users to deposit money is to provide a FIAT gateway (e.g. via bank deposits). However, the legal framework for this is enormous; in the EU, for example, a banking license would be necessary, which hardly any casino would ever get.

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June 18, 2021, 09:53:29 PM
 #2860

An exchange would indeed be helpful or just some more extra coins to deposit/withdraw such as DOGE/TRX would also be nice.
A nice feature for sure, but of course also a completely different caliber in terms of implementation, maintenance and legal requirements. Therefore, I cannot imagine that a gambling platform would also consider and/or offer exchange functionalities.
In addition, there are now many solutions on the market with which you can quickly convert your coins from, for example, ETH to BTC, sometimes in seconds and is usually very cheap.
Well, there are online casinos out there that offers the feature too. I knew some.
The point here is not really offer also an exchange site for gamblers, but to just let them choose what coin they prefer to withdraw from the withdrawal options that roobet has. IMO, it's a great feature as it saves me money from Blockchain fees.

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