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Author Topic: What's your favorite crypto for gambling?  (Read 1870 times)
Shasha80
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July 11, 2020, 11:20:14 PM
 #41

Decentralized gambling industry will grow rapidly, because playing gambling online anonymously and without KYC procedures is now increasingly
in demand. Plus the current situation that still occurs the spread of the corona virus makes cryptocurrency increasingly popular, because
transactions use crypto is safer than using fiat currency. So many people prefer playing crypto gambling rather than playing physical casinos.
Then for me Bitcoin is still a favorite crypto for gambling, because it is found in all gambling online sites. And also have pride if you managed
to get a profit from gambling using Bitcoin.

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July 12, 2020, 12:01:58 AM
 #42

When we are into gambling, we might want to choose a crypto coin that has a low tx fees and high speed.

Some are using Dogecoin, TRX, EOS, or sometimes Ripple. When I'm still gambling, I often use BCH as a coin to gamble. Fast transaction speed and low fees compare to Bitcoin and Ethereum. I tried using Bitcoin too but when I saw the huge transaction fees in the site when I want to withdraw it, I thought that maybe I want to change coins too to maximize my profit so I switched from BTC to BCH.

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July 12, 2020, 12:06:22 AM
 #43

Bitcoin's network might be congested every other day but it's still my favorite since there are casinos that still instantly credits bitcoin deposits. I like a few altcoins but I don't feel the need to use them more frequently than Bitcoin because if that's the case then I always have to visit the exchanges more than usual just to convert my Bitcoin. And for me that extra step isn't worth the doing since I don't withdraw most of the time.


Do you think the decentralized gambling industry will grow now that crypto is becoming more popular due to COVID-19? Or is it still too early to tell? Huh
Maybe, I don't follow decentralized casinos that much but I do hope they grow just like how decentralized exchanges are growing.

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July 12, 2020, 12:30:16 AM
 #44

Tron and Eos are two coins with a large number of gambling sites created because it's fast and cheap and it's a way to promote their coins I have tried playing on those sites and it's really convenient using these two coins and there are a lot of gambling sites now adding these two coins , because of their nature.
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July 12, 2020, 01:18:59 AM
 #45

Eth and xrp are my favorite crypto for gambling because we have a local wallet that support both eth and xrp where we can exchange fiat currency. Aside from that, I find it as the easiest way on my part because I don't need to do anything but only to deposit it after I exchange my fiat, the fees are also low and it is fast to receive every transaction.
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July 12, 2020, 01:42:26 AM
 #46

Tron and Eos are two coins with a large number of gambling sites created because it's fast and cheap and it's a way to promote their coins I have tried playing on those sites and it's really convenient using these two coins and there are a lot of gambling sites now adding these two coins , because of their nature.

Tron and Eos as a newcomer in the crypto gambling website, win the gambler's heart, and we see that many gambling sites try to integrate their payment using those coins. Both coins are not too expensive to depend on the other except to compare with the dogecoin because dogecoin still the lowest price than the other coins. But Tron and Eos have a low fee of the transaction, so perhaps, the gambler now tries to use both coins to gamble, although bitcoin still the choice of the gamblers to gamble.
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July 12, 2020, 03:04:06 AM
 #47

I treat my gambling money like waste that I can lose and forget about. This helps me deal with losses and appreciate wins even more.

My gambling coins are always coins I get for free from somewhere. Usually some cheap altcoins that I change into ETH or coins like BCH or BSV that I got for free as forks.
I try to keep my BTC safe and not gamble with it.

That's the best way to treat gambling money because the chance of losing it all is really high. So for me, it doesn't matter what crypto I am using to gamble but most of the time it is in btc. Haven't tried the EOS or TRON to gamble. But if there is doge, I will use it rather than btc, as sometimes if it is not coming from your wallet and if it is from exchange, tx fee is higher.
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July 12, 2020, 03:27:42 AM
 #48

I treat my gambling money like waste that I can lose and forget about. This helps me deal with losses and appreciate wins even more.

My gambling coins are always coins I get for free from somewhere. Usually some cheap altcoins that I change into ETH or coins like BCH or BSV that I got for free as forks.
I try to keep my BTC safe and not gamble with it.

That's the best way to treat gambling money because the chance of losing it all is really high. So for me, it doesn't matter what crypto I am using to gamble but most of the time it is in btc. Haven't tried the EOS or TRON to gamble. But if there is doge, I will use it rather than btc, as sometimes if it is not coming from your wallet and if it is from exchange, tx fee is higher.

Same here. Altcoins are much preferable in gambling than Bitcoin. This is not just to avoid the high fees although that is definitely one of the main reasons. Another reason is that Bitcoin is more valuable to gamble than Doge and other altcoins. Another reason is that gambling with Doge will free you from amounts lesser than 1 which are sometimes confusing.
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July 12, 2020, 10:35:27 AM
 #49

I know that most of the people here are saying that bitcoin is the best asset in gambling. We can't deny that bitcoin's price is really huge in the market and spending it in gambling can make it grow or fall.

Gambling is risky and you are not a gambler if you don't know that. Do you think that bitcoin is the only cryptocurrency that can give you profit once you use it in a casino?

Do not waste the opportunity to use altcoins in gambling, although their price in the market is not high as the bitcoin's price, still there is a profit once you process it in an exchange after you won a certain amount. So prioritize using bitcoin in a gambling casino but also use altcoin like ETC, DASH, and etc. Don't underestimate the importance of altcoins, especially in gambling industry.

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July 12, 2020, 10:59:56 AM
 #50

For me, it doesn't really matter what crypto are you going to use. I always consider the cost of moving your funds, and also the network speed.  That is why most gambling platforms not only have one currency available, but they have variation so that gamblers can freely choose what currency they prefer to gamble. Each gambler has its own preference and favorite in terms of gambling with crypto.
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July 12, 2020, 11:15:59 AM
 #51

I don't have favorite crypto when I gamble instead I only use crypto that is known or within top 10 that doesn't have high fees when you withdraw from the gambling site. Take yolodice as an example, I have played there for quite some time and when I withdraw btc it does have higher fees compare to ETH and doge coin.

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July 12, 2020, 02:17:13 PM
 #52

I hold bitcoin and ethereum. Casinos always accept bitcoin and sometimes altcoins. If there is an opportunity not to spend bitcoin, I do not spend, if not, use it.

But here, by the way, you need to pay attention to the conditions of the casino: sometimes depositing funds is allowed in cryptocurrency, and withdrawal is only in dollars. Be attentive.
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July 12, 2020, 02:43:21 PM
 #53

My favorite are Doge, litecoin and Ethereum we want something fast and cheap I have not yet tried Tron and Eos but I read a lot of gambling sites created using their platform I only use coins that I have enough to use in gambling.

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July 12, 2020, 02:52:54 PM
 #54

Yes, bitcoin is more popular you can see it in almost all gambling platforms. But for a small gambler like me, If I have some options like a fast blockchain and lesser fees, I will choose that, Bitcoin and Ethereum now charge a bigger fee than usual. I prefer TRX, XLM , XRP at the moment they are fast and almost nothing on fees. If NANO is available much better with no fee on transfer at all.
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July 12, 2020, 03:27:36 PM
 #55

For me it's XRP. It has a low transaction fee compared to other cryptos where we are really irritated with higher fees and what I like the most is the transaction of my deposit is instant. Anytime I can start playing if I want to because of this feature.


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July 12, 2020, 06:14:17 PM
 #56

Bitcoin is the most widely accepted cryptocurrency for gambling, followed by Ethereum and its competitors. But I believe cryptocurrencies that are fast and cheaper to use, will gain a huge advantage over others in the decentralized gambling industry.
I am still sticking with bitcoin for my gambling regardless of how often I got stuck with my low fee paid transactions or I happened to pay more money for network fees. I got practice to calculate all my profit/losses in BTC terms along with my bet amount which must be the one reason why I am still gambling in BTC when most other altcoins are seeming too suitable for gambling purposes with quicker network confirmation and we could withstand in martingale for same given USD values.

crypto is becoming more popular due to COVID-19? Or is it still too early to tell?
Noticed lots of new crypto gambling houses are being announced in last 2 to 3 months which might be in plan to cover the unexpected higher traffics to old casinos; it is like existing gambling house's owners might be opening new casino but in different name as this must be a good time to expand their business even with a new brand name. This is just a guesswork, I do not have any proof for this. Still, I agree that pandemic made more people to check gambling due to boredom reasons.

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July 12, 2020, 06:45:25 PM
 #57

I prefer to just use bitcoin because it makes it easier for me to withdraw directly from the casino to my wallet and then look for someone to switch to paypal, using altcoins could also be a good option, but as I am used to bitcoin and I trust bitcoin so I don't intend to change that so early. Maybe even I would prefer to use Fiat over altcoins

Do you think the decentralized gambling industry will grow now that crypto is becoming more popular due to COVID-19? Or is it still too early to tell? Huh

where did this idea come from that cryptos are becoming more popular due to this virus?

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July 12, 2020, 09:54:57 PM
 #58

I prefer to just use bitcoin because it makes it easier for me to withdraw directly from the casino to my wallet and then look for someone to switch to paypal, using altcoins could also be a good option, but as I am used to bitcoin and I trust bitcoin so I don't intend to change that so early. Maybe even I would prefer to use Fiat over altcoins
^ The reason is bitcoin has wide use and that is why also prefer using bitcoin than other altcoins which are I don't have (If I have I don't use my bitcoin).
So bitcoin for me is very common and the fact that even the fees are quite high people are still using bitcoin because of the said that it is has a fast transaction feed. Nevertheless, if there's someone who is willing to give altcoins for you to use in gambling, probably I will choose dogecoin and litecoin. They are good alternative that usually used in gambling in behalf of bitcoin.
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July 12, 2020, 10:06:34 PM
 #59

I have used a lot bitcoin for my betting games when DirectBet was online. For sure I have spent a lot of money in fees, (Around 10k satoshi for each bet, hundreds of bet). But it was ok since I have contributed to the whole project providing an economy support for miners.
This has been my contribution, a small one, but even a contribution.

The best crypto for betting that I have used is dogecoin. Fast, easy to exchange, "stable value", cheap fees... not so bad!

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July 12, 2020, 10:23:41 PM
 #60

I only register on gambling sites that only accept Bitcoin and Ethereum as a deposit and withdrawal method 100% of my gambling activities I do it on that site.

so, Bitcoin & Ethereum only is my favorite crypto for gambling, I have no experience using other cryptocurrencies.

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