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

[blockman]

Small gamblers gambles with small amount, hence, the fees are really needed to be small.

Small gamblers have no choice but to stop if they gamble but can't take the fees. There's no option but to exchange into altcoins that have a lesser fee.
But to do that, they have to transfer and they have to pay for the fee as well if that's bitcoin or ethereum.

[roosbit]

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?

For starters am not a heavy gambler but from the casinos I have played on like duelbits and roobet its unfortunate that the have not expanded their doors to allow other coins with lesser fees which is very odd at this point where at times fees can be hitting at a minimal of $10 while we have other coins that charge a tenth of a fraction which could actually see more players on their platforms but they seem to be holding back.

If a coin with lesser tx fees is added I would switch without thinking twice but left with no option we keep playing with what we they have to offer.

[Ewox]

Small gamblers gambles with small amount, hence, the fees are really needed to be small.

Small gamblers have no choice but to stop if they gamble but can't take the fees. There's no option but to exchange into altcoins that have a lesser fee.
But to do that, they have to transfer and they have to pay for the fee as well if that's bitcoin or ethereum.

Either way they are still paying a certain amount of fee that’s why they choose to exchange them to a lesser valued altcoin such as XRP or LTC so fees wouldn’t be that much compared to Bitcoin or Ethereum. For as long as these 2 coins gave higher value, the transaction fees would also be high.

[Fundamentals Of]

I don't get your point, if you have any. It doesn't mean that a casino adding more cryptocurrencies would remove Bitcoin (BTC) and Ethereum (ETH). BTC and ETH will always be there as major options because they are the two leading cryptocurrencies. Which casino is stupid enough to only accept minor cryptocurrencies?

But it is always better for a casino to accept more than BTC and ETH. It doesn't hurt a casino if they add Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE), etc.

Dealing with small cryptocurrencies with cheap fees is an obvious option, but it is not a complete solution to the problem. People are used to betting in currencies such as bitcoin and ETH, and converting into these currencies leads to additional commissions, and usually they are quite high at casinos.

Of course, it is not the complete solution. But the complete solution is beyond the control and decision of gambling sites so they need to think of other ways for the time being.

People don't need to do constant conversion of cryptocurrencies on gambling sites. In the first place, gambling sites are no conversion, swap,
 or exchange sites. With the acceptance of cheaper altcoins, gamblers only make deposits and withdrawals with these altcoins. No need to deposit BTC and ETH and do the conversion in the site itself.

[kotajikikox]

Maybe you should not use Tron to gamble because the price increases from the price you bought Tron before. If you can sell at the exchange instead of using it for a gamble, you will make a profit and you can use that profit to buy doge and use it for gamble. I prefer to use dogecoin because that coin is available on many gambling sites, giving me more options to use any gambling site that I want. That is my suggestion for you but that will be up to you.

Good advice , If the price of the coins in your pocket is still increasing then why need to use for gambling when you can still wait for more pump.
But if you are not caring about the possible profit(because there is also a possible decrease) then Using to gamble maybe a right manner to deal with.
and besides this is advantageous already because he buys in lower price and now it maybe doubled? if the site is convertible to Dollar then It's a perfect material to gamble i guess.

[Wexnident]

Adding low ranked coins along with the top cryptocurrencies is a good choice. If there is no Bitcoin and ethereum on the list, then the platform itself won't get recognised as cryptocurrency accepted gambling platform.

Right now people get the convenience of using more number of cryptocurrencies and the gambling sites itself has the swapping access. So, it isn't a big thing to take it into the new gambling site. Transaction fee is common with almost every platform, try to provide low withdrawal fee which also plays good role in attracting new gamblers.

But Bitcoin is one of the major coins out there that have insane fees most of the time (it depends, yes, but most of the time the network is congested afaik), and for crypto casinos, I think having ETH/Doge/XRP is already enough for it to be considered as a crypto casino. BTC is a possible option, yes, but most gamblers in the know would prefer to use, as you said, coins with low transaction fees. Not that I've ever seen one without it though .

[Fredomago]

Small gamblers gambles with small amount, hence, the fees are really needed to be small.

Small gamblers have no choice but to stop if they gamble but can't take the fees. There's no option but to exchange into altcoins that have a lesser fee.
But to do that, they have to transfer and they have to pay for the fee as well if that's bitcoin or ethereum.

Either way they are still paying a certain amount of fee that’s why they choose to exchange them to a lesser valued altcoin such as XRP or LTC so fees wouldn’t be that much compared to Bitcoin or Ethereum. For as long as these 2 coins gave higher value, the transaction fees would also be high.

That's fact! as long as this two coins still have higher value the fees will remain high and those small players don't have any option but to pick other alternative to continue gambling.

High fees really affects most of small gamblers but like what most said the game must go on..  They will find ways
and they will continue playing.

Gamblers always a gamblers.. 

[bitterguy28]

I don't get your point, if you have any. It doesn't mean that a casino adding more cryptocurrencies would remove Bitcoin (BTC) and Ethereum (ETH). BTC and ETH will always be there as major options because they are the two leading cryptocurrencies. Which casino is stupid enough to only accept minor cryptocurrencies?

But it is always better for a casino to accept more than BTC and ETH. It doesn't hurt a casino if they add Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE), etc.

Dealing with small cryptocurrencies with cheap fees is an obvious option, but it is not a complete solution to the problem. People are used to betting in currencies such as bitcoin and ETH, and converting into these currencies leads to additional commissions, and usually they are quite high at casinos.

Well But what can we do next ?

Cheap coins must be our choices and even without High at casinos yet we as small gamblers will only bet using the fees we can handle .

How can we play when we only have 50$ to bet and the fee costs us 30$.

[michellee]

Either way they are still paying a certain amount of fee that’s why they choose to exchange them to a lesser valued altcoin such as XRP or LTC so fees wouldn’t be that much compared to Bitcoin or Ethereum. For as long as these 2 coins gave higher value, the transaction fees would also be high.

Correct. Many small gamblers like to use the altcoin that does not need to pay a high transaction fee because when they win using that altcoin, they can withdraw that coin with a low fee. That will help them have the most amount of their winning, and they can wait for the price to increase higher and sell it at once.

Maybe you should not use Tron to gamble because the price increases from the price you bought Tron before. If you can sell at the exchange instead of using it for a gamble, you will make a profit and you can use that profit to buy doge and use it for gamble. I prefer to use dogecoin because that coin is available on many gambling sites, giving me more options to use any gambling site that I want. That is my suggestion for you but that will be up to you.

Good advice , If the price of the coins in your pocket is still increasing then why need to use for gambling when you can still wait for more pump.
But if you are not caring about the possible profit(because there is also a possible decrease) then Using to gamble maybe a right manner to deal with.
and besides this is advantageous already because he buys in lower price and now it maybe doubled? if the site is convertible to Dollar then It's a perfect material to gamble i guess.

I guess some gamblers still use that coin, which already increases because they think they can have another win that can give them more amount of that coin. I hope they know what they do with the coin, especially if they can see the price increase. Or he can convert the coin to another coin that gets a downtrend to give them more amount of the other coins. And he can use the other coin to continue gamble.

[Kasabus]

I don't get your point, if you have any. It doesn't mean that a casino adding more cryptocurrencies would remove Bitcoin (BTC) and Ethereum (ETH). BTC and ETH will always be there as major options because they are the two leading cryptocurrencies. Which casino is stupid enough to only accept minor cryptocurrencies?

But it is always better for a casino to accept more than BTC and ETH. It doesn't hurt a casino if they add Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE), etc.

Dealing with small cryptocurrencies with cheap fees is an obvious option, but it is not a complete solution to the problem. People are used to betting in currencies such as bitcoin and ETH, and converting into these currencies leads to additional commissions, and usually they are quite high at casinos.

Well But what can we do next ?

Cheap coins must be our choices and even without High at casinos yet we as small gamblers will only bet using the fees we can handle .

How can we play when we only have 50$ to bet and the fee costs us 30$.

That's not advisable anymore, by depositing your bitcoin, you already loss big money, so you might still loss easily anyway. There are a lot of altcoins as our option, why force on bitcoin only, and also we have a lot of gambling sites already, for sure they have altcoins as an alternative for deposit, just be wise.

[Saisher]

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'm playing on other gambling sites that's offering other coins as options to their players, and the tokens/coins they are offering are Tron, Litecoin, Dogecoin, USDT and other coins with low transaction fees and fast confirmation, you should add it so you can attract more players, gamblers are looking for more options.

[Ewox]

Currently I’m trying out BCH and XRP because they both have lesser transaction fees, but you just need to be careful especially with XRP who needs its destination tag to receive your funds or it will be lost forever. But maybe other gambling sites offer other altcoins too such as Litecoin or Dash, I think I see a couple of sites who have those altcoins with lesser fees.

[blockman]

Small gamblers gambles with small amount, hence, the fees are really needed to be small.

Small gamblers have no choice but to stop if they gamble but can't take the fees. There's no option but to exchange into altcoins that have a lesser fee.
But to do that, they have to transfer and they have to pay for the fee as well if that's bitcoin or ethereum.

Either way they are still paying a certain amount of fee that’s why they choose to exchange them to a lesser valued altcoin such as XRP or LTC so fees wouldn’t be that much compared to Bitcoin or Ethereum. For as long as these 2 coins gave higher value, the transaction fees would also be high.

Yeah, still has to go through that process of paying a fee is able to exchange and have it a cheaper fee.

Currently I’m trying out BCH and XRP because they both have lesser transaction fees, but you just need to be careful especially with XRP who needs its destination tag to receive your funds or it will be lost forever. But maybe other gambling sites offer other altcoins too such as Litecoin or Dash, I think I see a couple of sites who have those altcoins with lesser fees.

I did some XRP transaction and it's good but I won't have it as an investment. I'll change into it for transfers but for BCH, I won't have it a try. Is it really that quick?

[carlisle1]

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'm playing on other gambling sites that's offering other coins as options to their players, and the tokens/coins they are offering are Tron, Litecoin, Dogecoin, USDT and other coins with low transaction fees and fast confirmation, you should add it so you can attract more players, gamblers are looking for more options.

With those alternative options, gamblers are free to choose game house who provide this offers.

It way much better than locking yourself with  known cryptos that have high fees, it just limiting gamblers to
use it and have no other options to enjoy the site.

Currently I’m trying out BCH and XRP because they both have lesser transaction fees, but you just need to be careful especially with XRP who needs its destination tag to receive your funds or it will be lost forever. But maybe other gambling sites offer other altcoins too such as Litecoin or Dash, I think I see a couple of sites who have those altcoins with lesser fees.

BCH and XRP do have low transaction fees and if you are rushing your bets out this two alternatives is really fits to your need, the transaction

process is much faster than BTC and ETH.

[johhnyUA]

BCH and XRP do have low transaction fees and if you are rushing your bets out this two alternatives is really fits to your need, the transaction

process is much faster than BTC and ETH.

And not so fast as with TRX. At least XRP also very fast, but not so safe as TRX or even Dogecoin. Personally, I'm also used Doge two or three times. Much wow this is what i can say about using it 

And yeah, BCH is pretty slow, with higher (than TRX, Doge and other coin) fees. So there is no sense to use it anyway.

[KTChampions]

Dealing with small cryptocurrencies with cheap fees is an obvious option, but it is not a complete solution to the problem. People are used to betting in currencies such as bitcoin and ETH, and converting into these currencies leads to additional commissions, and usually they are quite high at casinos.

Of course, it is not the complete solution. But the complete solution is beyond the control and decision of gambling sites so they need to think of other ways for the time being.

People don't need to do constant conversion of cryptocurrencies on gambling sites. In the first place, gambling sites are no conversion, swap,
 or exchange sites. With the acceptance of cheaper altcoins, gamblers only make deposits and withdrawals with these altcoins. No need to deposit BTC and ETH and do the conversion in the site itself.

But if a player wants to play with bitcoin or ETH, then he is forced to make a conversion. And if he wants to withdraw money using a cheap altcoin, then he is forced to do the opposite operation. Yes, these exchange operations are not the main activity of the casino and therefore the exchange rates there are very unfavorable for the player.

[Fundamentals Of]

Dealing with small cryptocurrencies with cheap fees is an obvious option, but it is not a complete solution to the problem. People are used to betting in currencies such as bitcoin and ETH, and converting into these currencies leads to additional commissions, and usually they are quite high at casinos.

Of course, it is not the complete solution. But the complete solution is beyond the control and decision of gambling sites so they need to think of other ways for the time being.

People don't need to do constant conversion of cryptocurrencies on gambling sites. In the first place, gambling sites are no conversion, swap,
 or exchange sites. With the acceptance of cheaper altcoins, gamblers only make deposits and withdrawals with these altcoins. No need to deposit BTC and ETH and do the conversion in the site itself.

But if a player wants to play with bitcoin or ETH, then he is forced to make a conversion. And if he wants to withdraw money using a cheap altcoin, then he is forced to do the opposite operation. Yes, these exchange operations are not the main activity of the casino and therefore the exchange rates there are very unfavorable for the player.

I don't know if there is such a player who really insists on playing with Bitcoin (BTC) or Ethereum (ETH) that he will make deposits with a particular altcoin, convert it into Bitcoin (BTC) or Ethereum (ETH), and then when he decides to withdraw, convert again to altcoin. I don't know if this is the best option he has to take or he is only wasting time and money in the process.

I agree that conversion within a gambling site is not a good choice in terms of prices.

[RealMalatesta]

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?

There are lots of other options are available to solve the higher transaction fees but the real question would be how long that will remain as a good option for lower fees. Just look back to 2017 scenario when bitcoin community was struggling and debating about adopting seg-wit, ethereum was one of the best destination to enjoy lower fees but right now what is going on?

I mean we must need to get into a long term solution rather than switching into new things because that will be high riskier one when a business adopt something new as most of the coins are turning dead or abandoned over the time.

I don't know if this is the best option he has to take or he is only wasting time and money in the process.

It may save time but it will definitely lead to extra fees and losses as we need to buy that altcoin at market price and need to sell at the available market price which will be definitely lead to 3 to 5% extra along transaction fees.

[maydna]

Currently I’m trying out BCH and XRP because they both have lesser transaction fees, but you just need to be careful especially with XRP who needs its destination tag to receive your funds or it will be lost forever. But maybe other gambling sites offer other altcoins too such as Litecoin or Dash, I think I see a couple of sites who have those altcoins with lesser fees.

I never try to use BCH because I think the fee high compare to Dogecoin or litecoin. I think DASH also have as high fees as BCH. I heard XRP also has low fees, but I still prefer to use Dogecoin. Tron can be another solution to playing gambling, but the gambling site which accepts Tron is not too many depend on the gambling site accept Dogecoin. I think that is why people like to use Dogecoin to gamble because the price to buy is not too expensive, and the fee for making a transaction is not too high.

[plr]

That's fact! as long as this two coins still have higher value the fees will remain high and those small players don't have any option but to pick other alternative to continue gambling.

High fees really affects most of small gamblers but like what most said the game must go on..  They will find ways
and they will continue playing.

Gamblers always a gamblers.. 

I and my friends are small-time gamblers, but we are lucky that we have a way to buy altcoins using our local currency and can send the altcoins to a gambling site with small fees, and we can also trade our altcoins to our local currency, it's a big help if your government supports not only Bitcoin but other altcoins as well, some of the altcoins I'm using on the gambling sites I'm playing are Tron, Doge, Litecoin and XRP