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Author Topic: What's your favorite crypto for gambling?  (Read 1871 times)
finaleshot2016
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July 24, 2020, 10:52:55 AM
 #161

If the game itself does not take place on the blockchain, then of course the ETH, it is liquid, fast enougth and reliable. If the game takes place on the blockchain, then something faster is needed (this is theoretical reasoning, I do not play such games), something like EOS.
Agree to it, ETH is very fast, more reliable, and less expensive. That's the reason most of the online casinos are using ETH as payment because of the fast transaction.

But sometimes, most of the gamblers are still using BTC in the gambling platforms and some are using ETH for safety and secured transactions, sadly that some of the gambling platforms do not accept ETH or any altcoins. So ETH is much more reliable when it comes to payment and it is the recommended alternative to be used.
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July 24, 2020, 11:05:33 AM
 #162

If the game itself does not take place on the blockchain, then of course the ETH, it is liquid, fast enougth and reliable. If the game takes place on the blockchain, then something faster is needed (this is theoretical reasoning, I do not play such games), something like EOS.

I fully agree, ETH is a great crypto currency for gambling. Especially if you don't gamble with big amounts it's definitely worth it to look into it. When I first started gambling in online casinos I solely relied on bitcoins but there are just better alternatives. And the casinos transformed a lot in the last years, accepting a lot of different cryptos now.
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July 24, 2020, 11:43:52 AM
 #163

If the game itself does not take place on the blockchain, then of course the ETH, it is liquid, fast enougth and reliable. If the game takes place on the blockchain, then something faster is needed (this is theoretical reasoning, I do not play such games), something like EOS.

That is very logical explanation but personaly I think it's not very convenient to have too.much different coins, each dedicated for certain games. That is too much trouble for me so I like to stick to simple solution that fits all and that is ETH that is great for gambling although I often use Bitcoin too.

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July 24, 2020, 11:54:00 AM
 #164

I cannot understand why more casinos are not accepting Monero and Dash, it's privacy feature is awesome and Crypto enthusiasts crave for more anonymity, so this will be the best fit for those gamblers.  Roll Eyes  The upgraded consensus protocol and instant-by-default transactions (ChainLocks) additions in the future, will make it a deal breaker.  Huh

The largest exchange (Coinbase) feature Dash (DASH).. so it might become more mainstream in the future. There are faster tx speeds than Bitcoin (BTC) out there, but hash power and security is everything.  Wink

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July 24, 2020, 12:23:23 PM
 #165

I have tested both TRON and EOS, and they're far superior than ETH in this sense. While they're not as decentralized as ETH, they certainly provide convenience to everyday gamblers like you and me.

What's your favorite crypto for gambling? Why did you choose it? 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

I also tested both Tron and Eos and they are really good that is why there are so many gambling on DAPPS, I wonder why they do not launch a signature campaign here, maybe because they are already supported by people who are supportive of DAPPS related games and gambling sites.

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July 24, 2020, 12:36:15 PM
 #166

NANO since it's feeless and instant.
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July 24, 2020, 12:48:25 PM
 #167

Agree to it, ETH is very fast, more reliable, and less expensive. That's the reason most of the online casinos are using ETH as payment because of the fast transaction.
Another reason why many user use ethereum in gambling may be due to fee. If you have a balance on a bitcoin wallet "not on exchange" then of course fee are not a problem. But if a gambler has to buy it in exchange and transfer it to a gambling site then there are a lot of costs involved. Exchange have different transaction fee and are usually higher than transaction fee from our own "not an exchange wallet" wallet.

For now, I tend to choose Ethereum and Litecoin to be used in gambling activities although I also like bitcoin.

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July 24, 2020, 12:59:35 PM
 #168

I personally prefer bitcoin to be a favorite crypto for gambling than ETH to date, although its expensive but it pays off when I benefits from gambling. Well crypto gambling industry is still very popular in all circles and its development also getting better you're right covid-19 makes us all quarantine but this industry spoil our eyes to have fun even #stay at home.

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July 24, 2020, 01:18:44 PM
 #169

My favourite cryptocurrency for gambling is Bitcoin.Bitcoin has a very high price and we can't make a profit using altcoins but it is possible with bitcoin blockchain technology is highly reliable in the core part of Bitcoin. Bitcoin is much more valuable and risky even if the price goes down if the price goes up we can make a lot of profit bitcoin is followed by Ethereum, Ripple, Light Coin and other cryptocurrencies.
This is not about how price bitcoin is and how price altcoin is or how is their potential. But it is about how easy to use them. Currently, in most gambling place use bitcoin as a tool but just a few gambling place who use several altcoins like Tron or ETH. Gambling is different with investing, maybe your idea is suitable for investing. You need to choose a potential coin in order to get a big profit in it.
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July 24, 2020, 02:03:09 PM
 #170

Agree to it, ETH is very fast, more reliable, and less expensive. That's the reason most of the online casinos are using ETH as payment because of the fast transaction.
Another reason why many user use ethereum in gambling may be due to fee. If you have a balance on a bitcoin wallet "not on exchange" then of course fee are not a problem. But if a gambler has to buy it in exchange and transfer it to a gambling site then there are a lot of costs involved. Exchange have different transaction fee and are usually higher than transaction fee from our own "not an exchange wallet" wallet.

For now, I tend to choose Ethereum and Litecoin to be used in gambling activities although I also like bitcoin.
Yes, that's what I'm talking about, using ETH is less expensive so there's no need to worry about the fees. So transferring money when you lost balance on the gambling platform is not a problem anymore. You wouldn't notice that there's a deduction on your wallet because it's too small.

So it's better to have balances of ETH and be ready in case of losing balance, BTC fee on exchanges is kinda expensive and it'll cost a lot, especially for those small gamblers.
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July 24, 2020, 02:14:10 PM
 #171

I don't think it makes sense to use Bitcoin in gambling games. Both very slow and expensive transfers. Transfer fees can take most of your profits. Using ETH is a cheaper choice. But the ETH network can sometimes become clogged. It can be a big problem at times when you need to do fast.
I mean, it depends on the casino you're playing at. There are casinos that offer no withdrawal fees at all if that's a problem you're confronting with. Same for slowness, it's about the fees the casino pays for your tx (or the fees you pay when depositing). Unless you need depositing and withdrawing with really quick confirmations, I don 't see BTC gambling as an issue at all tbh. And even then, ETH has way slower confirmation times than other cryptos you can play wi th at some casinos.
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July 24, 2020, 02:32:25 PM
 #172

It's bitcoin mempool are going to be clogged like in 2017, ETH, LTC, and to some extend Dogecoin will be the next best alternative, although I always love to deposit with BTC as this is my main crypto to play with. Crypto industry is already in the last 4 years and it will continue to grow specially with it's many advantages like playing at home without any crowd. It's going to be a Billion dollar businesses and pretty sure that more online casinos are going to emerge in the future.

Bitcoin network can now handle millions of transactions, unlike before where there was an increased of Bitcoin users that congested the Blockchain. Currently there is secondary solution such as LN (Lightning Network). So it wont be a problem for Bitcoin and it can handle huge volume.

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July 24, 2020, 02:41:58 PM
 #173

There are many smart contract platforms out there on the market each with their unique features and use cases for the mainstream world. There are many exciting gambling dApps out there on the Blockchain, that are too hard to ignore these days. Personally, I find myself to be quite fond of Ethereum with its ever-growing library of lotteries and decentralized online casinos. But I greatly dislike the high fees and slow transaction throughput on the ETH blockchain. I have tested both TRON and EOS, and they're far superior than ETH in this sense. While they're not as decentralized as ETH, they certainly provide convenience to everyday gamblers like you and me.

Among the various cryptocurrencies and smart contract platforms available on the market, there's a "taste" for every gambler in the industry. 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.

What's your favorite crypto for gambling? Why did you choose it? 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

There are many possible cryptocurrencies for gambling but using Ethereum was always better for me (in my opinion). Since it has a lower value based on our currency and its easier to place bets with it due to its low transaction fees. It would be really fun to gamble with whatever Crypto you are available with and that would surely invite a lot of people who are HODLing different Alternate Coins. Since the pandemic is still not sure on when to end, Gambling would surely still gain popularity because people are just bored at staying home and doing nothing but that also depends on the whichever they want to spend their money on. People are more inclined to invest than to gamble.

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July 24, 2020, 05:57:40 PM
 #174

Agree to it, ETH is very fast, more reliable, and less expensive. That's the reason most of the online casinos are using ETH as payment because of the fast transaction.
Another reason why many user use ethereum in gambling may be due to fee. If you have a balance on a bitcoin wallet "not on exchange" then of course fee are not a problem. But if a gambler has to buy it in exchange and transfer it to a gambling site then there are a lot of costs involved. Exchange have different transaction fee and are usually higher than transaction fee from our own "not an exchange wallet" wallet.

For now, I tend to choose Ethereum and Litecoin to be used in gambling activities although I also like bitcoin.
Yes, that's what I'm talking about, using ETH is less expensive so there's no need to worry about the fees. So transferring money when you lost balance on the gambling platform is not a problem anymore. You wouldn't notice that there's a deduction on your wallet because it's too small.
I agree using eth can cause a lesser fees than having it with bitcoin but it's just a cents if we rely on the normal network of bitcoin, I mean not congested network for bitcoin. ETH is the best alternative for bitcoin coz it can handle a lot of transaction than bitcoin, eth network can't be easily be congested so the fees are low until the ETH goes wild. And just so you know, there are some transaction in bitcoin that didn't cost a fee, free transaction in short, so if you're gonna be a lucky guy you could experience this, one in a million chances.

So it's better to have balances of ETH and be ready in case of losing balance, BTC fee on exchanges is kinda expensive and it'll cost a lot, especially for those small gamblers.
My advice for small gamblers is to withdraw or deposit more often, if you know that you'll play again tomorrow don't withdraw yet so you can save a little amount of money, keep it for the next transaction.
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July 24, 2020, 06:52:49 PM
 #175

There are many smart contract platforms out there on the market each with their unique features and use cases for the mainstream world. There are many exciting gambling dApps out there on the Blockchain, that are too hard to ignore these days. Personally, I find myself to be quite fond of Ethereum with its ever-growing library of lotteries and decentralized online casinos. But I greatly dislike the high fees and slow transaction throughput on the ETH blockchain. I have tested both TRON and EOS, and they're far superior than ETH in this sense. While they're not as decentralized as ETH, they certainly provide convenience to everyday gamblers like you and me.

Among the various cryptocurrencies and smart contract platforms available on the market, there's a "taste" for every gambler in the industry. 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.

What's your favorite crypto for gambling? Why did you choose it? 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

There are many possible cryptocurrencies for gambling but using Ethereum was always better for me (in my opinion). Since it has a lower value based on our currency and its easier to place bets with it due to its low transaction fees. It would be really fun to gamble with whatever Crypto you are available with and that would surely invite a lot of people who are HODLing different Alternate Coins. Since the pandemic is still not sure on when to end, Gambling would surely still gain popularity because people are just bored at staying home and doing nothing but that also depends on the whichever they want to spend their money on. People are more inclined to invest than to gamble.
When we do talk about  transaction cost  and confirmation then i would say that LTC and Dash is much a better option rather than with ETH but well its a just a  matter of preference yet it depends on what coins youve been holding.

In my part then i do like to play with Doge yet it has much more lower value and you can make bets and can make your game even more longer due to that.

BTC is mostly been preferred by anybody due to its value which i cant really blame off people on that.

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July 24, 2020, 07:06:53 PM
 #176

For me it's BTC or you can say sathosi. I don't have any particular reason also. It's just a daily practice which becomes habit so other coins not seems to follow my gambling algorithm as the base bet is different for each of the coins. I like to play with the DOGE also.

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July 24, 2020, 07:33:47 PM
 #177

I rarely gamble, but back then when I did, I preferred Bitcoin and Doge coin. Don't know why, but doge coin felt like the coin that is quite suitable for gambling lol. Was also fun to tip users with doge (and people has been using doge to tip each other for a very long time. I still remember those doge tip bot back in 2014).
As for other users in CryptoGames, I have seen most of them also preferring bitcoin, while some users were preferring ethereum.

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July 24, 2020, 07:56:15 PM
 #178

I always found doge the best for gambling purposes. Low value, fast and there are simply too many of them. It is so cheap when you run out of doge, you can always find some more.

Doge is like FIAT of the crypto world.

LTC is kinda between doge and btc. I'd rather keep them but If somehow I run out of doge even though that's nearly impossible, I'd use LTC.

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July 24, 2020, 09:41:03 PM
 #179

If the game itself does not take place on the blockchain, then of course the ETH, it is liquid, fast enougth and reliable. If the game takes place on the blockchain, then something faster is needed (this is theoretical reasoning, I do not play such games), something like EOS.
Agree to it, ETH is very fast, more reliable, and less expensive. That's the reason most of the online casinos are using ETH as payment because of the fast transaction.

But sometimes, most of the gamblers are still using BTC in the gambling platforms and some are using ETH for safety and secured transactions, sadly that some of the gambling platforms do not accept ETH or any altcoins. So ETH is much more reliable when it comes to payment and it is the recommended alternative to be used.

Hmm ... I thought such platforms no longer exist. This model is quite strange since altcoins are already an integral part of the crypto economy. I think such platforms will either change or disappear because a modern person cannot wait a couple of hours to make sure that the payment has been completed to start the game.

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July 25, 2020, 08:54:57 AM
 #180

For me it's BTC or you can say sathosi. I don't have any particular reason also. It's just a daily practice which becomes habit so other coins not seems to follow my gambling algorithm as the base bet is different for each of the coins. I like to play with the DOGE also.
Agree, because I was used to using Bitcoin from the start so even though there are other coins that have lower fees and faster transactions such as Litecoin and DOGE, I personally will still use bitcoin as the main gambling but even though sometimes I will convert to altcoin maybe for a particular purpose. Whatever the coin, I think it doesn't matter because the most important thing is we can enjoy and be comfortable when gambling.
Yes, but for those who have limited capital like me, I will certainly choose an alternative method that uses minimal transaction costs, and LTC is my alternative, if I use btc my funds will be reduced with high transaction costs.
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