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Author Topic: Is There Any Crypto Casino With An In-built Mini Crypto Exchange?  (Read 237 times)
Johnyz
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December 16, 2022, 09:29:59 PM
 #41

I was also going to mention the table but anyway there's a bunch of casinos that have their own exchange it's just that they rarely get any promotion or visibility.

IMO the reason why they're not that common on most casinos is because there's a risk that it won't be profitable since their rates are always higher compared to regular exchanges and that amount of money is probably better spent on other things like marketing or promotions.
Especially for beginners, it’s common to expect a negative outcome that it might be not working in the future and can only be a waste of time and money. That is why some operators have chose to stick with casinos first and improve all that needs to be improved, and adopt more casinos marketing and promotions because gamblers will surely make it a big thing for them.
Creating an exchange within their platform will cost them a lot, they will need to hire more people to focus on this and yes this is why many site don’t want this one. They can just focus on their casino and stay in the competition, many gamblers prefer not to trade their coins/tokens though when they are playing they wanted to stick on it and withdraw the safe crypto to their own personally wallet. Haven’t seen yet a gambling site have this option, maybe its far from reality.
BitcoinPanther
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December 16, 2022, 09:49:03 PM
 #42

Thee are casinos that enable you to withdraw in any cryptocurrency they accept regardless of what kind of currency you deposited in the platform.  Just like in Rollbit, you can deposit in ETH, BTC, Litecoin, Solana or RLB and withdraw to any of the given cryptocurrency regardless whether you deposit BTC, ETH, etc...


I was also going to mention the table but anyway there's a bunch of casinos that have their own exchange it's just that they rarely get any promotion or visibility.

IMO the reason why they're not that common on most casinos is because there's a risk that it won't be profitable since their rates are always higher compared to regular exchanges and that amount of money is probably better spent on other things like marketing or promotions.
Especially for beginners, it’s common to expect a negative outcome that it might be not working in the future and can only be a waste of time and money. That is why some operators have chose to stick with casinos first and improve all that needs to be improved, and adopt more casinos marketing and promotions because gamblers will surely make it a big thing for them.
Creating an exchange within their platform will cost them a lot, they will need to hire more people to focus on this and yes this is why many site don’t want this one. They can just focus on their casino and stay in the competition, many gamblers prefer not to trade their coins/tokens though when they are playing they wanted to stick on it and withdraw the safe crypto to their own personally wallet. Haven’t seen yet a gambling site have this option, maybe its far from reality.

True,setting up an exchange like system cost more than the ordinary crypto casino but some casino had done it anyway.
Mahanton
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December 16, 2022, 09:52:02 PM
 #43

I was also going to mention the table but anyway there's a bunch of casinos that have their own exchange it's just that they rarely get any promotion or visibility.

IMO the reason why they're not that common on most casinos is because there's a risk that it won't be profitable since their rates are always higher compared to regular exchanges and that amount of money is probably better spent on other things like marketing or promotions.
Especially for beginners, it’s common to expect a negative outcome that it might be not working in the future and can only be a waste of time and money. That is why some operators have chose to stick with casinos first and improve all that needs to be improved, and adopt more casinos marketing and promotions because gamblers will surely make it a big thing for them.
Creating an exchange within their platform will cost them a lot, they will need to hire more people to focus on this and yes this is why many site don’t want this one. They can just focus on their casino and stay in the competition, many gamblers prefer not to trade their coins/tokens though when they are playing they wanted to stick on it and withdraw the safe crypto to their own personally wallet. Haven’t seen yet a gambling site have this option, maybe its far from reality.
Doesnt really cost that much but rather it might really be adding up more hassle and lots of things to consider before adding up some instant or exchange swap sites or feature into their platform.
Im not sure on how much it would be, therefore it might be that expensive or not but just like the rest been mentioning that there are ones who do have their mini-exchange or swap
feature but only limited into few coins but as im not surprised that fees wont really be that something to be cheap and it is really that much sensible if you do pull off those coins
you do have and convert it out into external platforms if you are really that serious on exchanging it which does cause cheaper.

R


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virasisog
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December 16, 2022, 09:56:28 PM
 #44

Thee are casinos that enable you to withdraw in any cryptocurrency they accept regardless of what kind of currency you deposited in the platform.  Just like in Rollbit, you can deposit in ETH, BTC, Litecoin, Solana or RLB and withdraw to any of the given cryptocurrency regardless whether you deposit BTC, ETH, etc...


I was also going to mention the table but anyway there's a bunch of casinos that have their own exchange it's just that they rarely get any promotion or visibility.

IMO the reason why they're not that common on most casinos is because there's a risk that it won't be profitable since their rates are always higher compared to regular exchanges and that amount of money is probably better spent on other things like marketing or promotions.
Especially for beginners, it’s common to expect a negative outcome that it might be not working in the future and can only be a waste of time and money. That is why some operators have chose to stick with casinos first and improve all that needs to be improved, and adopt more casinos marketing and promotions because gamblers will surely make it a big thing for them.
Creating an exchange within their platform will cost them a lot, they will need to hire more people to focus on this and yes this is why many site don’t want this one. They can just focus on their casino and stay in the competition, many gamblers prefer not to trade their coins/tokens though when they are playing they wanted to stick on it and withdraw the safe crypto to their own personally wallet. Haven’t seen yet a gambling site have this option, maybe its far from reality.

True,setting up an exchange like system cost more than the ordinary crypto casino but some casino had done it anyway.

The high cost actually hinders the casino in building their own exchange though it will surely be convenient to their users. There are a few sites that have added this feature but there are also casinos that are struggling to build one. If their focus is just to maintain their reputation and to keep their business growing, building up an exchange on their site won't be their priority. If more casinos will try adding an exchange feature on their site, they can keep more players who want to save fees from transacting in other exchanges.
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