Considering huge transaction fees, what coins to support on new gambling site?

[dothebeats]

Doge is accepted on the platform that I use, so it's a no-brainer to use dogecoin on my gambling. It's fast, efficient, and the fees are still reasonably priced even though it is getting hyped and pumped to death by a lot of traders right now. I used to use XRP as well on some platforms though I have avoided using it ever since the lawsuit and those controversies arose on the said coin. DASH is pretty good to on the current state of things, though it isn't as widely accepted as ETH or Doge, I believe.

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[Reid]

I'm not that kind of a big gambler but I still prefer Ethereum.
What you should be avoiding is the amount of withdrawal. With that kind of perspective, you won't have to think about the fees.
Just gamble all the way.

In terms of options, I think XRP would be the option if they want to add another coin to their list.
Low fees and fast transactions. But not that many sites have that perks.

[XZERO1]

With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?

TRX(TRC20), USDT(TRC20) and maybe Litecoin(slower than the other ones but it costs around 0.2$ for transaction fees) are the better choices and many casino website accept them as payment now.

I'm guessing these huge transaction fees for both Bitcoin and Ethereum is hurting those casino websites with no support for other coins with cheaper fees, so they should step it up and add more coins to their accepted payment methods to not lose customers to other casino websites that have more payment options, specially in such a competitive market as of now.

[Beparanf]

I'm not that kind of a big gambler but I still prefer Ethereum.
What you should be avoiding is the amount of withdrawal. With that kind of perspective, you won't have to think about the fees.
Just gamble all the way.

In terms of options, I think XRP would be the option if they want to add another coin to their list.
Low fees and fast transactions. But not that many sites have that perks.

Nahhh, Ethereum fee cost around 20$ right so it's a significant amount already even though for an average gambler. There's no way I will pay that much fee for just gambling considering my gambling capital size. I already loss the moment I transfer my money out there.

XRP is a very bad alternative due to the volatility of the coin value. A stablecoin like TRC20 USDT is the best alternative.

[BITCOIN4X]

If transaction fee are an issue, then I think LTC, DOGE, USDT and TRX are the best solution for new gambling site to adopt. Bitcoin and Ethereum remain the top choice and other altcoin are more practical to bring a lot of traffic to the site from low-income gambler.

I also like that gamblers have the option to withdraw their money to low fee altcoin even if their balance on the site is in bitcoin or ethereum. This will save a small amount of transaction fee for small withdrawal.

[Jemzx00]

Considering transaction fee on gambling sites especially bitcoin and ethereum, I don't see any big issue especially for high rollers as it won't affect much on them but for small time degenerate gambler such as myself, I consider it as a hassle when withdraw and depositing unto the platform. Especially on withdrawal as there are little to no choice for the user to change the fee on their withdrawal which is also the reason why gambling site increases their withdrawal amount.

TRX, XRP, WAX and many more crypto should be considered when coming up with a new gambling platform as transaction fee and traffic on this crypto aren't as much as compared to major crypto such as Bitcoin and Ethereum.

A new and upcoming gambling platform with a 90's setup and will be implemented on TRX or WAX blockchain where every users will have fully control on their wallet while gambling as the platform is a non custodial. Bitfresh will surely be a great gambling soon once it has fully launched.

[danherbias07]

. and what limited option ? we have lots of cryptos but if the casino limits you from chosing another coin ,
you can switch on different casino that supports wide range of coins .

Which is difficult to find right now.
If there is a vote, I bet stablecoins will be the winner in this.
No volatility, the movements won't even scare them a bit. It's just like using USD in a digital way.

But there are gamblers who prefer the old ways or they just want to earn more Bitcoin the faster way.
The volatility is what they are aiming for instead of escaping it.

[qwertyup23]

With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?

Based from my experience, whenever transaction fees in the market are surging, I switch to altcoins (specifically Dogecoin and XRP) for betting.

To be honest, you also have to understand that the more the price of bitcoin increases, the transaction fees also increase as this might also affect the price of altcoins. In addition, I also feel like that betting using your cryptocurrencies can be a waste due to their value also increasing. That is why, even if the transaction fees are low when you bet using bitcoin, I highly advise against such.

[TedMosby]

Roobet just started to accept litecoin a few times ago, since their main currency BTC and ETH takes expensive transaction fees.
meanwhile, Betnomi has more cryptocurrency options. also, I saw their native token BNI as one of the options now.

IMO, stablecoin is a must. despite the negative narratives about stablecoin, people still use it. it's become the main pair on every exchange.
I believe every trader or cryptocurrency holder has stablecoin too. with stablecoin, the coverage of those casinos can be wider. because people can easily send it from the exchange.
of course, those casinos need to support TRC20 and BEP20 too.

I bet for fun, fees make it not fun. when there's no fun, why gamble then?

[boyptc]

XRP, Doge, LTC, TRX.

These are the few altcoins that have a very less fee even though the market is on its bull run.

But for my choice, it could only be the two.

Doge or LTC.

[harizen]

With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?

As far as my gambling experience is a concern and especially if I really want to bet on a certain match (sports-betting), with BTC, I disregard transaction fees in most cases. Around BTC0.00002 as median should be fine regardless of BTC to USD price. Now to cover it, I just need to do everything to make my bets win. And obviously, the deposit should be somehow a decent amount and not considered as small transactions (should always be over or around $100 in my case).

It's just that I'm already used to it as I used mostly NitrogenSports for placing a bet before (not promoting the site) and BTC is the only payment method there.

But responding to the thread's subject, any coins will do, with reasonable fees while at the same time, fast confirmation time.

[Lanatsa]

With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?

ETH does have big fees too currently at this moment which I say that it is much better to look for something alternative or cheaper this isn't the same into those years where
ETH transaction doesn't really cost that much or the most preferable.

In this current situation or market condition then majority will really be eyeing out for Doge,Trx,Xrp and LTC when it comes to transaction duration and fees.

This moment, bitcoin fees aren't that high which I don't see problems on using it on point with my gambling habits.

[romero121]

Almost every user have mentioned it in their post. The token/coin that can be used with less transaction fee is Tron. I've used tron for the purpose of gambling, and myself experienced much faster transaction with very minimal fee. When we're in need of immediate fund deposit, then tron seems to be the right choice.

[ReiMomo]

If you have already bitcoin I think there's no need to switch to altcoins, paying $2-3 for the transaction fee is doesn't matter to me as long as I can gamble using bitcoin and it is easy for me to convert fiat when I'm needed.

Regarding the bitcoin fees, yes that is too expensive but not all the time. Just like what happens now, bitcoin fee is below $1 and I think it is good to move your bitcoin on the gambling site and enjoy playing and betting. But if you really want to avoid the $2-3 fee altcoins are always a good to move but make it sure that it has supported in your local exchange so that you didn't get hard when trading it into fiat.

[Mahanton]

If you have already bitcoin I think there's no need to switch to altcoins, paying $2-3 for the transaction fee is doesn't matter to me as long as I can gamble using bitcoin and it is easy for me to convert fiat when I'm needed.

Regarding the bitcoin fees, yes that is too expensive but not all the time. Just like what happens now, bitcoin fee is below $1 and I think it is good to move your bitcoin on the gambling site and enjoy playing and betting. But if you really want to avoid the $2-3 fee altcoins are always a good to move but make it sure that it has supported in your local exchange so that you didn't get hard when trading it into fiat.

People should really have the time to check the network from the time they would really play gambling because as you said that not all the times bitcoins fee is high which means you can really still play just like into those normal days that you had done in the past.Its just for you to make some other option if you cant just afford to pay up $10-20 for fee anytime you do make out withdrawal but if you are a whale then these kind of things wont really be an issue but for small gamblers then those high fees would really hurt up your wallet thats why people would seek out for alternatives.Most gambling sites do offer now those multi coins which you can select on so it isnt really that much of a problem.

[Ryker1]

^[snip]
..if you cant just afford to pay up $10-20 for fee anytime you do make out withdrawal but if you are a whale then these kind of things wont really be an issue

Well, that amount of $10-20 is too much big here in my country if that is the amount that I am going to pay before I can gamble, perhaps I will not gamble or rather choose an alternative one. We have here a custodial wallet that supports XRP and we know that this coin has very low fees and it has the fastest transaction. Perhaps I will choose this if the fee of bitcoin is very expensive. Aside from XRP, DOGE is also has a good potential upon transferring the fund, because it has very cheap fees. Choose a gambling site that has supported altcoins like this, if they are not, just accept blindly the very huge fee of bitcoin.

[Twinkledoe]

^[snip]
..if you cant just afford to pay up $10-20 for fee anytime you do make out withdrawal but if you are a whale then these kind of things wont really be an issue

Well, that amount of $10-20 is too much big here in my country if that is the amount that I am going to pay before I can gamble, perhaps I will not gamble or rather choose an alternative one. We have here a custodial wallet that supports XRP and we know that this coin has very low fees and it has the fastest transaction. Perhaps I will choose this if the fee of bitcoin is very expensive. Aside from XRP, DOGE is also has a good potential upon transferring the fund, because it has very cheap fees. Choose a gambling site that has supported altcoins like this, if they are not, just accept blindly the very huge fee of bitcoin.

Yes, if you are worried about the fees, look for exchanges that have internal exchange, and have alts like xrp, doge, eos, or ltc. So you can exchange your coins with low withdrawal fees. Or better yet, look for gambling sites like EOS-based. I know dice.one casino has free withdrawal fee for EOS. So something like that. You can look for alternatives if you want to avoid the staggering fees of btc or eth.

[pilosopotasyo]

I shift to Tron and Doge coin if not available I shift to coins that are available in the gambling sites, gambling sites should offer different coins, they are going to lose a lot of players if they insist on only offering Bitcoin and Ethereum, the huge transaction fee and the time to confirm is a big disappointment for players, I intend to use other coins until the transaction fee is fix.

[Jackl87]

With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?

I am not a big fan of binance because they seem to take over the whole crypto scene slowly but surely and a it's never good if you have one company that is dominating an industry.
That being said BNB woudl probably be a good candidate for casinos to put into their portfolio because the fees when you send BNB via binance smart chain are very small. Like 0,10$ per transaction.

[worle1bm]

With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?

Most of the casino platforms prefer to add top most cryptos listed on coinmarketcap as their deposit balance but still if they wish to do so they can add vast variety of coins for users ease and increasing customer base.

1)XRP: $0.00078 fee, 4 seconds to confirm.
2) Litecoin: $0.041 fee, 30 minutes to confirm
3) Doge: $0.239 fee, 20 minutes to confirm.
4)TRON: average transaction fee of about $0.0000901.
5)EOS