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Author Topic: Many cryptocurrencies — how important is that for you in casinos?  (Read 735 times)
LogitechMouse
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May 05, 2020, 08:58:42 AM
 #61

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?
In my experience when I'm still gambling, the transaction fees of every coin is one reason why people suggests to gamble in an online site that has many cryptocurrencies that is being supported.

When I'm still gambling, I used to gamble using Bitcoins and the transaction fee of depositing it is very high and if I want to withdraw my winnings the fee is also high too. After that, I decided to choose Bitcoin Cash to gamble and the fees are relatively low compare to Bitcoin. The fees when I'm using Bitcoin is higher than a dollar but when I used BCH, the fees is around cents only. This is one reason why gamblers wants to gamble in a site where there are many coins being supported Smiley.

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May 05, 2020, 11:24:52 AM
 #62

The universal for most gambling sites is Bitcoin as business owners mostly recognize as payment than altcoin and it is one of the most popular cryptocurrency out there.
It would also be nice if gambling sites/casino, supports multi currency so it wont be a hassle to convert BTC to ETH and vice versa. Some popular gambling sites i know still use one BTC as deposit.

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May 05, 2020, 11:36:50 AM
 #63

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 like to gamble with alts, and I probably tried to gamble with every alt that can be used in some casino. I would like to point out a difference that Tron network made, they made it easy to gamble and for gambling to get their tokens and receive dividends on that tokens, if you freeze them! I get Tron from two tron casinos for months, from Betfury I had more than 1000 trons every day, after months, and not gambling there I still get around 50 trons daily, along with btt and some usdt. I started to play poker with bitcoins, slots for bitcoins. I can't express difference between tron and bitcoin slots, for me it's huge, I like bitcoin slots way more, but it's my taste!
Tron is nice, low fees, instant transactions, and some other benefits from tron casinos. Now in most of them you can gamble with bitcoin and other alts, like you can gamble in most bitcoin casinos with other alts.

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May 05, 2020, 11:40:16 AM
 #64

It is important for me because it gives me a lot of option to gamble, when a casino does not only accept bitcoin, that would be good for us since altcoins are more faster and cheaper when it comes to transaction (sending/receiving), and it does not only help the gamblers but it will also help the casinos to gain more gamblers since they provide a lot of payment option, for me, I mix my transaction, sometimes its BTC, sometimes its ETH.

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May 05, 2020, 12:23:12 PM
 #65

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?


Yes, if the service I am using only accepts deposit with Bitcoin, I continue to gamble by making a deposit with Bitcoin. If the service I will use offers TRX or similar, a low cost and fast deposit chance, I usually pay attention to using these preferences. To say something about the question about the casinos, I would like to say that unfortunately, it is not possible to deposit money to the casino businesses we physically visit with this method. Perhaps this method may be preferred in the upcoming period, but if preferred, customers will need to authenticate and the flow of money in each client's account will continue to be monitored. For this reason, I think it will not be possible to gamble in physical casino businesses by using the full advantages of cryptocurrencies.
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May 05, 2020, 02:34:59 PM
 #66

 not really important to me  . i can just play what ever coins the casino asks if ever i really love that casino   . first coin that i use was btc but u was willing to try altcoins too  . actualy on the site that i play they support ripple and tron too but my wallet dont support tron  , it only support xrp , btc  , eth bch so i try using xrp once and i feel shocked that the transaction was instant  . withdrawals are instant too and that is the time that i use xrp all the time when im gambling  .
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May 05, 2020, 03:07:54 PM
 #67

In every online casino's I always look for ripple cause it's the best! ripple instant transaction is no.1. I don't want to lose bet for example: I just got rekt so I need a instant deposit to play again, ripple is there just 1 click and your balance will be refilled. Bitcoin transaction speed is a shit, so it's really better to use ripple instead of bitcoin (for me). When you are gambling and want instant transaction I highly suggest that start using ripple right now  Grin

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May 05, 2020, 03:29:27 PM
 #68

~snip~
 not really important to me  . i can just play what ever coins the casino asks if ever i really love that casino   . first coin that i use was btc but u was willing to try altcoins too  .
^ You are definitely right and we are the same here. Bitcoin is the one I always use not because that's the only one I have but also for the convenience of using it. Most of all of the online gambling sites bitcoins are widely accepted that you don't need to make exchanges first before you can start to play. For faster access and play gambling, I prefer to use BTC that is accepted to all gambling platforms, unlike other altcoins. Nevertheless, rest assure other altcoins will be accepted as well in all gambling platforms the same as BTC to lessen the gambler's time and effort in exchanging their altcoin just to and play on their platform.
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May 05, 2020, 03:34:31 PM
 #69

~snip~
 not really important to me  . i can just play what ever coins the casino asks if ever i really love that casino   . first coin that i use was btc but u was willing to try altcoins too  .
^ You are definitely right and we are the same here. Bitcoin is the one I always use not because that's the only one I have but also for the convenience of using it. Most of all of the online gambling sites bitcoins are widely accepted that you don't need to make exchanges first before you can start to play. For faster access and play gambling, I prefer to use BTC that is accepted to all gambling platforms, unlike other altcoins. Nevertheless, rest assure other altcoins will be accepted as well in all gambling platforms the same as BTC to lessen the gambler's time and effort in exchanging their altcoin just to and play on their platform.

Doge and LTC were more use in casino back in 2017 but now that Dapps of TRON and EOS had populated the cryptocurreny, its almost going to conquer the market. If you are going to try how much they have built, you can see the list of transfers in whale alert that mostly are TRX and EOS. These are the two that will dominate the gaming industry and I guess BT will just remain as investment one day.

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May 05, 2020, 03:46:26 PM
 #70

Thanks guys for your replies.
As I see most of you trust the bitcoin most as it has been on the market the longest and you trust it in casinos.
I guess all other coins still have to earn their mark to beat the bitcoin or at least become as popular as bitcoin is and probably stay.

Thanks again,
Karl

Well, then. I think it's best to lock the thread now? If there are no more further questions.

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May 05, 2020, 04:04:01 PM
 #71

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. 

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May 05, 2020, 04:47:06 PM
 #72

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.


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Casdinyard
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May 05, 2020, 05:25:15 PM
 #73

It is important for me because it gives me a lot of option to gamble, when a casino does not only accept bitcoin, that would be good for us since altcoins are more faster and cheaper when it comes to transaction (sending/receiving), and it does not only help the gamblers but it will also help the casinos to gain more gamblers since they provide a lot of payment option, for me, I mix my transaction, sometimes its BTC, sometimes its ETH.
I don't know what you are talking when you said it gives you a lot of option to gamble coz basically in any platform there should be just one universal used cryptocurrency in gambling like what most of platforms are using right now is BTC or mBTC because it would be a lot more complicated when different users are using different currencies to play simply due to the conversion rates from the market volatility. So it is either you'll play with bitcoin or USD. I guess what the OP is trying to say is the deposit method for alternative rather than just using bitcoin.

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May 05, 2020, 05:59:07 PM
 #74

Variety it's always good and I think that players need to have choice according to their preferences and coins they like to use. I know that is more complicated for casinos but it's good for promotion of cryptocurrencies in general.
However, it's not so important for me personaly because I use only Bitcoin that I'm most confident with.

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May 05, 2020, 06:10:53 PM
 #75

The universal for most gambling sites is Bitcoin as business owners mostly recognize as payment than altcoin and it is one of the most popular cryptocurrency out there.
It would also be nice if gambling sites/casino, supports multi currency so it wont be a hassle to convert BTC to ETH and vice versa. Some popular gambling sites i know still use one BTC as deposit.
Yes, while it does not make any difference with what currency you bet with but I myself feel fresh when I am betting with TRX now a days earlier that used to be dogecoins but as their value dropped too much I found a new coin.

It's similar to the question like why do players bet on plinko if dice already exists with same/lower edge because gamblers need something new that makes us feel like there are new opportunities. So yeah I always appreciate gambling sites that accept multiple coins and at least the big ones.

A few sites like stake have partnership with exchanges where you can also exchange coins by depositing through a exchanger and that works well too.
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May 05, 2020, 06:21:03 PM
 #76

The altcoins who have been thinking of beating bitcoin in terms of many ways, they should have stopped thinking of it. The crypto gambling community has grown well because of bitcoin and that's where it all started. The credit is well deserved by bitcoin because it's the origin of the crypto gambling and the projects that are coming out having a tag line of replacing bitcoin should be ashamed of themselves. We can gamble with any preferred altcoin that we want but nothing beats bitcoin.

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May 05, 2020, 06:48:10 PM
 #77

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?
this is my personal opinion.. Withdrawal fees are the main factor, I have tried comparing the number of withdrawal fees between Bitcoin, Doge, and Ethereum on a gambling site, the result is the highest withdrawal fee is Bitcoin (among the cryptocurrencies I mentioned).  I personally prefer to trade (deposit or withdraw) on a gambling site with Bitcoin (because I'm used to it and the majority of gambling sites provide Bitcoin and don't have a problem with withdrawal fees), but for some people, withdrawal fees may be a major factor for them to decide on where they play..

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May 05, 2020, 08:24:35 PM
 #78

not really important to me  . i can just play what ever coins the casino asks if ever i really love that casino   . first coin that i use was btc but u was willing to try altcoins too  . actualy on the site that i play they support ripple and tron too but my wallet dont support tron  , it only support xrp , btc  , eth bch so i try using xrp once and i feel shocked that the transaction was instant  . withdrawals are instant too and that is the time that i use xrp all the time when im gambling  .
Yes, the main reason why gamblers prefer alternative coins is because of the high fees issues small gamblers face with bitcoins. Another part is the minimum bet is significantly much lower with these coins as compared to bitcoins betting. I cannot think of another reason why anyone would gamble with some other coins because at the end of the day if you are in profit you will probably be converting back to bitcoins for cashing it out.

There should have been a dedicated gambling coin that cold be used for gambling with features like low miner fees for example Tron processes transactions at almost 0 fees so that could be a good alternative for people and same for ethereum and XRP too. But, a dedicated coin for gambling alone would have been quite amazing and helpful.
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May 05, 2020, 08:52:09 PM
 #79

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?
this is my personal opinion.. Withdrawal fees are the main factor, I have tried comparing the number of withdrawal fees between Bitcoin, Doge, and Ethereum on a gambling site, the result is the highest withdrawal fee is Bitcoin (among the cryptocurrencies I mentioned).  I personally prefer to trade (deposit or withdraw) on a gambling site with Bitcoin (because I'm used to it and the majority of gambling sites provide Bitcoin and don't have a problem with withdrawal fees), but for some people, withdrawal fees may be a major factor for them to decide on where they play..
When someone wanted to cashout their bitcoins into fiat from gambling rewards then bitcoin is still preferred choice because the liquidity is easier if they have bitcoin or they have to convert them in exchanges again before converting into fiat which is time consuming.









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May 05, 2020, 10:04:20 PM
 #80

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.
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