Many cryptocurrencies — how important is that for you in casinos?

[Timelord2067]

I would be interested in seeing dice/other games that used alt cryptos for the bets.  This way if it were one I am long term HODLing then I could invest in the Casino, or at the very least wager with those alts.

[1714682713]

1714682713

[michellee]

Still playing with bitcoin, but most of the time I used ripple, aside from it is cheap, it is faster.

Every time I have found a gambling site, I always look if depositing ripple is available because I wanted to pay only a little amount of fee when having transaction.

Sometimes it's a good alternative when we use the other crypto in order to manage your gambling capital and save transaction fee. Bitcoin used for casinos usually had huge fees, that's why other coins was also useful in order to increase your winning profit. You can still use eth and tron as another options because it also have a faster transaction processing time.

I choose Tron than to use ethereum because the tron transaction fee is smaller than ethereum so that can reduce the cost for me to send some amount of tron. Ripple can also be a good choice to be used for gambling, but not all gambling site have those option because almost all of the gambling website has bitcoin as their main coin to play gambling. Maybe many gamblers still uses bitcoin for gambling because bitcoin is their favourite coin to playing gambling.

[Swordsoffreedom]

I had some Litecoins scattered across a few wallets so I tried betting with them not that long ago. I can't say I had any success though. Litecoin has affordable transaction fees, even in the past week when Bitcoin was going crazy. I have never tried betting with Tron or Doge but I notice from the threads that are being created that some casinos are Tron-friendly. 

Bitcoin fees are always a little higher on gambling site as well as exchange site. For gambling I use XRP & ETH most of the time, you can try XRP, because it is easy to use, faster and it is cheaper than others. I use BTC when I gamble a big amount of money cause it is easy to exchange to any currency after withdrawal.

[deisik]

On-site gaming currency should be independent of deposit/withdrawal currency. For example, casino should maintain the balance of players in chips. The value of chips shall be pegged to one of the cryptocurrency (let say 1 BTC = 100M chips) and floating rate of such cryptocurrency shall be used to maintain the exchange rate for other currencies.

This mechanism have many benefits:

• Many players have reported problem in using bitcoin due to its high price. They are confused in using decimal values and sometimes bet 10 times more than the expected. Even using mBTC or uBTC don't help because they don't understand the conversation rate (Mathematics you know!)
• Using different cryptocurrencies offer ease to players but at the same time segregates the game matches in multiplayer gaming. Using common gaming currency solves this problem.
• It eases the accounting of casino as owner can easily maintain the accounts and statements when all profit/loss are measured in common denomination i.e. chips.

Chips will be even more confusing

Whatever cryptocurrency is your favorite you always know where you stand, i.e. how much it costs in dollars and what your balance is worth for the simple reason you are already quite familiar with it (as this is what being favorite suggests). Further, many casinos allow internal conversions between cryptocurrencies, so on-site gambling currency is kinda redundant. And you can always use Bitcoin whenever you need to bring winnings, losses, etc into conformity with some common metric (what many casinos do anyway)

[shoreno]

I had some Litecoins scattered across a few wallets so I tried betting with them not that long ago. I can't say I had any success though. Litecoin has affordable transaction fees, even in the past week when Bitcoin was going crazy. I have never tried betting with Tron or Doge but I notice from the threads that are being created that some casinos are Tron-friendly. 

Bitcoin fees are always a little higher on gambling site as well as exchange site. For gambling I use XRP & ETH most of the time, you can try XRP, because it is easy to use, faster and it is cheaper than others. I use BTC when I gamble a big amount of money cause it is easy to exchange to any currency after withdrawal.

you said your already using xrp so why not stick on it  ? i also use xrp and i love it compare to btc   . when you use big amount of btc you will also pay huge fees not unless if you are aware with that and you want that to happen  ?  this already cuts your profit from gambling not to mention the charges from the house edge  .  xrp is already popular on exchanges or on wallets so i dont think you will have a hard time to exchange it  but you can infact benefit from its lightning speed transfers   .

[Timelord2067]

Bitcoin fees are always a little higher on gambling site as well as exchange site. For gambling I use XRP & ETH most of the time, you can try XRP, because it is easy to use, faster and it is cheaper than others. I use BTC when I gamble a big amount of money cause it is easy to exchange to any currency after withdrawal.

It may come as a surprise to you to learn that many Casinos have embraced Bitcoin Lightning Network for ease of use to transfer funds in and out (one or two sats to send a transaction).

[Slow death]

Still playing with bitcoins?

I only use bitcoin in casinos

Or have you switched to TRON or Ripple?

with so many other options like ETH, LTC, Dogecoin, why just talk about Tron and XRP?

Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?

in my opinion all casinos should add more altcoin like ETH, LTC, Dogecoin... because that will make people use more altcoins instead of using altcois just for hol and trade

[Swordsoffreedom]

you said your already using xrp so why not stick on it  ? i also use xrp and i love it compare to btc   . when you use big amount of btc you will also pay huge fees not unless if you are aware with that and you want that to happen  ?  this already cuts your profit from gambling not to mention the charges from the house edge  .  xrp is already popular on exchanges or on wallets so i dont think you will have a hard time to exchange it  but you can infact benefit from its lightning speed transfers   .

Agreed, but when it comes to big gambling, I have to liquidate part of the profit as soon as possible and it is undeniable that BTC has more liquidity than XRP. Moreover, most of the local exchanges are support BTC, so it is much safer for me to use Bitcoin for large amounts of money albeit it cuts more fees.

It may come as a surprise to you to learn that many Casinos have embraced Bitcoin Lightning Network for ease of use to transfer funds in and out (one or two sats to send a transaction).

Dear Timelord2067, I welcome it, But the exchanges are very crucial in this case, most of the exchange’s charges higher fees for BTC withdrawals. So, in the case of small gambling, it is very annoying and uneconomic to transfer BTC on casino again and again.

[Oilacris]

Still playing with bitcoin, but most of the time I used ripple, aside from it is cheap, it is faster.

Every time I have found a gambling site, I always look if depositing ripple is available because I wanted to pay only a little amount of fee when having transaction.

Sometimes it's a good alternative when we use the other crypto in order to manage your gambling capital and save transaction fee. Bitcoin used for casinos usually had huge fees, that's why other coins was also useful in order to increase your winning profit. You can still use eth and tron as another options because it also have a faster transaction processing time.

I choose Tron than to use ethereum because the tron transaction fee is smaller than ethereum so that can reduce the cost for me to send some amount of tron. Ripple can also be a good choice to be used for gambling, but not all gambling site have those option because almost all of the gambling website has bitcoin as their main coin to play gambling. Maybe many gamblers still uses bitcoin for gambling because bitcoin is their favourite coin to playing gambling.

Majority will matter most on value thats why they would always prefer on using bitcoin than any other alts but when the time comes that fees are way too high then thats the time they
would consider on using some alts but on this current state where fees arent really that high then they dont really bother on paying it up.Its matter of choice or preference though.

Saving up fees is one of the important things to consider here on crypto space neither you are trading or gambling you should really take this consideration.

[QueenVera]

Hi guys!

Still playing with bitcoins? Or have you switched to TRON or Ripple?
Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?

I still prefer playing my bets with bitcoin as it gives me a sense of satisfaction that my coins have utility purposes as I don't consider bitcoin as just a tool for profit purpose. Also since I don't buy into the idea of altcoins been used as currency, I don't used them for any payment purpose instead prefer trading them to get more bitcoin as that is the most useful feature insee in them. Sometimes it's quite frustrating to withdraw with bitcoin due to the fees and time wasting but the moment those coins land in your wallet, the wait would had been worth it.

[verita1]

Bitcoin is my favorite, but lately I choose ETH because the fees are lower when it comes to withdrawing. According to the reviews, I'm considering trying Tron because they have said that the rates are still lower than ETH, and therefore I can Hold both. Casinos by offering these altcoins are looking for better alternatives for their clients.
However I am convinced that Bitcoin will always be the favorite anywhere and the most requested coin.

[Debonaire217]

If it is applicable to play with some unusual coins, tokens that I have, I play with them first and I really don't care that much if that losses, but if I play using bitcoin, ethereum and ripple, that gives me more excitement and hope to earn profitable and decent winnings. Meaning to say that various cryptocurrency you used in gambling does really affect your excitement depending on the value of the particular crypto you are using. In addition, depending on the feature of that crypto such as low transaction fees in terms of withdrawal.