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

[hulla]

Nowadays it shouldn't just about the coin, but about the provider as well. if a website can have few options like binance chain, ERC-20 i think it should be better

Binance smart chain got low fees and is fast but some might argue that it is centralized so it might not be the best option for some people

No, it not that people will argue it's centralized but people will say it's centralized, isn't it centralized? Why do we have to argue about the fact of the issue which is already know by all.
BSC is not the best option and most private company (gambling site) don't support it.

 

also adding any kind of ERC-20 token won't help as they are just tokens based on Ethereum blockchain and actually you have to pay way more fees to transfer ERC-20 tokens on Ethereum network than Eth itself, so it's cheaper to just use Ethereum.

Adding Erc20 is another worse ideas and the perfect altcoin i think will profit gambling site owners and gamblers will be Litecoin

[KTChampions]

Yes, the fees are completely insane right now. Maybe gradually the use of bitcoin in casinos will completely disappear for these reasons. After all, few people now talk about the use of bitcoin as a means of payment, and once this was its main purpose. People will simply change their habits under the pressure of circumstances and use other cryptocurrencies that are faster and cheaper.

The pay will not be crazy for big gamblers because it will be worth the win and they will stick with bitcoin and ethereum even though the fees are very high, and for the little gambler it will be very influential and will look for alternatives to switching to altcoins because they are cheap.
and in my opinion TRX and XRP are most of the alternatives that most people will choose because they are cheap as well as fast.

I have heard the same arguments regarding bitcoin as a means of payment, but the whole industry cannot hold on to large players, so the use of cryptocurrencies with large commissions in such areas will inevitably fall. Perhaps the ETH after switching to POS will be able to "return to the game" and, given its leadership in many parameters, will become an even more dominant altcoin.

[matchi2011]

Yes, the fees are completely insane right now. Maybe gradually the use of bitcoin in casinos will completely disappear for these reasons. After all, few people now talk about the use of bitcoin as a means of payment, and once this was its main purpose. People will simply change their habits under the pressure of circumstances and use other cryptocurrencies that are faster and cheaper.

The pay will not be crazy for big gamblers because it will be worth the win and they will stick with bitcoin and ethereum even though the fees are very high, and for the little gambler it will be very influential and will look for alternatives to switching to altcoins because they are cheap.
and in my opinion TRX and XRP are most of the alternatives that most people will choose because they are cheap as well as fast.

I have heard the same arguments regarding bitcoin as a means of payment, but the whole industry cannot hold on to large players, so the use of cryptocurrencies with large commissions in such areas will inevitably fall. Perhaps the ETH after switching to POS will be able to "return to the game" and, given its leadership in many parameters, will become an even more dominant altcoin.

That's still maybe, an assumption in case ETH updates covered this high fees and start to provide service the same way
it was before this huge transaction fees to process your transactions.

For now, gamblers do use alternative coins that have quicker transfer yet a much lesser transaction fees. It said above
that both TRX and XRP have this features,.

[Swopon]

We can suggest the new gambling site add altcoins to their site to help the gambler reduce the withdrawal fee if they use bitcoin or ethereum. With the increased price now, people feel not right with the fee, but they can not do anything except follow it.

Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.

[Heisenberg_Hunter]

For now, gamblers do use alternative coins that have quicker transfer yet a much lesser transaction fees. It said above
that both TRX and XRP have this features,.

Eth 2.0 would solve the problem of scalability up to an extent and Polkadot could soon become a replacement for the centralized shitcoins like Tron and Ripple. Ripple is already facing the lawsuit and the regaining back to an extent like 2018 is almost impossible unless the investors are fooled. The primary purpose of bitcoin was to be decentralized and ripple started developing into too much of a centralized shitcoin with fake pumps and dumps all over the market.

Similarly BnB is developing with the fake pumps, but the decentralized networks like Bitcoin, Ethereum, monero or polkadot would be the winners over the longer term. There are already over 200+ projects being built on top of polkadot and it would rise to new highs and could be evolved as the real competitor for ethereum in the upcoming months/years. If the casino is more interested towards the privacy of its customers, they would eventually be paying them with monero rather than a shitcoin like TRX which is scalable but isn't meant to be private.

[blockman]

Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.

Not only that, they should have an internal swap or exchange. It's also a solution for most gamblers that find it hard to transfer and convert because they're too conservative about the fees.
They exchange internally with the altcoins of their choice and move it to their own wallets with cheap fee.

[dunfida]

Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.

Not only that, they should have an internal swap or exchange. It's also a solution for most gamblers that find it hard to transfer and convert because they're too conservative about the fees.
They exchange internally with the altcoins of their choice and move it to their own wallets with cheap fee.

Actually there are already some internal exchangers that had been integrated in some known gambling sites but whats the issue? Fees are also high or they do charge up more
compared if you do just simply make out some conversion on exchangers but if you dont like to experience the hassle then you should deal with it.
This isnt already a new feature because some of them had already the internal exchangers which you can anytime use depending on your needs.

[blockman]

Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.

Not only that, they should have an internal swap or exchange. It's also a solution for most gamblers that find it hard to transfer and convert because they're too conservative about the fees.
They exchange internally with the altcoins of their choice and move it to their own wallets with cheap fee.

Actually there are already some internal exchangers that had been integrated in some known gambling sites but whats the issue? Fees are also high or they do charge up more
compared if you do just simply make out some conversion on exchangers but if you dont like to experience the hassle then you should deal with it.
This isnt already a new feature because some of them had already the internal exchangers which you can anytime use depending on your needs.

If someone wants to do it, he can compare which fee is higher, if it's the internal exchange or the transfer from the casino to the exchange itself.
This is a good option for those who want to find a solution and it only takes a few minutes to decide after the comparison for its fee.

[Swopon]

We can suggest the new gambling site add altcoins to their site to help the gambler reduce the withdrawal fee if they use bitcoin or ethereum. With the increased price now, people feel not right with the fee, but they can not do anything except follow it.

Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.

That will be part of the promotion to attract more gamblers to visit and join that site. I am sure that will make gamblers like to stay on that site because they can have the good option to deposit on their favorite coins without paying a big fee if they want to withdraw their win money. Besides that, it can make it comfortable for the gambler and they will not leave that site because they do not want to deposit on the other site.

Exactly, everyone wants to use their own comfort zone. If someone agree with that then he or she must use these type of platform which is giving such opportunities to the gamblers. I think every sites should open these service so that gamblers can use any of one which they want to use.

[Hamphser]

We can suggest the new gambling site add altcoins to their site to help the gambler reduce the withdrawal fee if they use bitcoin or ethereum. With the increased price now, people feel not right with the fee, but they can not do anything except follow it.

Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.

That will be part of the promotion to attract more gamblers to visit and join that site. I am sure that will make gamblers like to stay on that site because they can have the good option to deposit on their favorite coins without paying a big fee if they want to withdraw their win money. Besides that, it can make it comfortable for the gambler and they will not leave that site because they do not want to deposit on the other site.

Exactly, everyone wants to use their own comfort zone. If someone agree with that then he or she must use these type of platform which is giving such opportunities to the gamblers. I think every sites should open these service so that gamblers can use any of one which they want to use.

It would really be that convenient if thats been included or can really be having that internal exchange even though fees are bit high but this is really a must thing to have.

You wouldnt really be needing to trade it up and go into an exchange for you to make such conversion.For sure they would really be making more revenue with that but
i guess they would just simply make use of other providers or platforms.

Fees are the thing we do like to suppress and saved thats why we are really that keen when it comes to that.

[harizen]

Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.

Even with that feature, those new gambling sites will take a long road before being recognized. In some cases, a gambler will still stick to their preferred gambling site disregarding fees as it's riskier to just try those new sites just because they support all coins.

But in the event that the site survived the hard part, surely it will gather more gamblers on their site. Not that easy though if we will look at how vast now the crypto-gambling world is.

[Jemzx00]

Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.

Even with that feature, those new gambling sites will take a long road before being recognized. In some cases, a gambler will still stick to their preferred gambling site disregarding fees as it's riskier to just try those new sites just because they support all coins.

But in the event that the site survived the hard part, surely it will gather more gamblers on their site. Not that easy though if we will look at how vast now the crypto-gambling world is.

Agreed, most gamblers prefer reputable gambling casinos as they know how much their funds are protected no matter how much the fees are. Also, no matter how low the transaction fee on newer gambling sites as long as they aren't reputable, gamblers would disregard them especially High Rollers.

Also, there is also a reason why older casino still runs up until now no matter fewer changes and updates are done on their site as they have already built their Reputation around the gambling community. An example of a great gambling site is Primedice which has been on the gambling industry for quite some time now.

[magneto]

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 gamblers that I know are currently adopting ETH big time. Just take a look at all the Youtube gambling channels, a lot of them use Exodus to hold their ETH.

BTC is sort of reserved for the few elite whales now, or for people who are willing to wait hours for their deposit to be finally credited to their accounts.

LTC/Doge also has some sort of a following, although certainly not to the extent of ETH. I would like to see IOTA being used given that it does not have any transaction fees, but not sure if their infrastructure is well developed enough yet.

[Twinkledoe]

Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.

Even with that feature, those new gambling sites will take a long road before being recognized. In some cases, a gambler will still stick to their preferred gambling site disregarding fees as it's riskier to just try those new sites just because they support all coins.

But in the event that the site survived the hard part, surely it will gather more gamblers on their site. Not that easy though if we will look at how vast now the crypto-gambling world is.

That is somehow true. Gamblers will try new casinos, but they will only spend small amount of funds just to try out. But when it comes to high amount of deposits, they always go back to their old casinos. Because they are confident that they will not lose their funds for nothing. But yes, if these new casinos survive, then that's great. And it would take time to gain trust from the community. They really do need to work on it also.

[MCobian]

With high transaction fees right now, gambling platforms have to provide alternative coins other than Bitcoin for deposits or withdrawals.
Because making withdrawals with BTC or ETH is no longer recommended at this time, When I use gambling sites now, I always check the coins
option on the gambling platforms first. If the gambling site does not provide a coin option that has a cheap transaction fee, then I will avoid
using that gambling site.

[Sithara007]

The most popular choice for making payments in various gambling sites are - Bitcoin, Litecoin, Ethereum, Bitcoin Cash and USDT (perhaps in the decreasing order). A few of the sites also accept coins such as DOGE and ETC. I am surprised because very few of the gambling sites currently accept two of the most popular altcoins - Polkadot and Cardano. And Cardano is not a recent innovation. It is a few years old. I don't know the reason for low acceptance of ADA and DOT, despite the low fee levels.

[slapper]

Well, I have already switched to other coins for a long time when I feel that the bitcoin fee is too high. Moreover, using other cryptocurrencies is way faster than bitcoin and you can even split them into much smaller fees if you only have a small balance. Veteran gamblers are familiar with doge gambling and some casinos allow small wages such as $0.01.

I suggest you should use doge and ripples. They are all good currency. Ripple has long a reputable coin even though it has a bad impact from SEC recently but it has made a massive recovery from its grave. If you love the stability, usdt are also supported on several casinos

[Smartprofit]

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?

In modern online casinos, in my opinion, it is advisable to use cryptocurrencies with good liquidity and low commissions. 

Bitcoin and Ethereum currently have very high fees.  Some experts believe that Bitcoin is no longer suitable for transactions with small amounts of money.  Bitcoin is a potential global reserve currency. 

However, I'm glad there are other (alternative) cryptocurrencies besides bitcoins.  Dogez, LTC, XRP, Bitcoin Cash, Tron are well suited for modern online casinos. 

Also various stablecoins. 

Monero (XMR) is unfortunately not suitable, as the use of Monero is associated with certain technical difficulties.

[Yogee]

Please have this thread locked. There is no point in repeating coins or tokens that were already suggested from page 1 to page 9.
walrusbite hasn't logged in for six days so he probably accomplished what he wanted here. Let's just wait for them to launch their gambling platform.

[robelneo]

I would suggest you guys to use DOGECOIN in any gambling site which makes it possible. Cause fees with Doge are undeniable low. Most websites I use have Bitcoin and Ethereum options although I pretty much hate using Ethereum right now. It doesn't look good. Just give feedback to gambling sites for them to use Doge.

If there's Doge I'll go for it, the hype makes it attractive to use in gambling sites, unfortunately, the two gambling site where I am very active are not using Doge, and another good alternative is Tron, I won a lot of Tron when it was still at 5 cents and now if you check the market it's on 9 cents now, it's good to use coins with good potential or getting a hype in the market, and Doge and Tron are two good examples.