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Question: Which Crypto coin Do you prefer to use when gambling?
Bitcoin and other unstable coins only.
Usdt and other stable coins only.
Any coins goes, stable or unstable.

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Author Topic: Which Crypto coin Do You Gamble with the Most?  (Read 807 times)
Strongkored
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July 11, 2023, 06:13:28 AM
 #141

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.
Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.

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July 11, 2023, 06:50:51 AM
 #142

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.
Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.
Most of the casinos have BTC, ETH,LTC or memecoins as deposit option which is good for players as well they have stable coin options also.Like in the past few weeks when btc was witnessing high transaction fees I used some of meme coins lik doge to gamble because I don't want to hold it for profits motive while other coins are good for future returns.

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July 11, 2023, 07:52:31 AM
 #143

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.
Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.
Most of the casinos have BTC, ETH,LTC or memecoins as deposit option which is good for players as well they have stable coin options also.Like in the past few weeks when btc was witnessing high transaction fees I used some of meme coins lik doge to gamble because I don't want to hold it for profits motive while other coins are good for future returns.
Only reason I love memecoins is this honestly. When bitcoin or ethereum blockchains are busy and slow its very good experience to use memecoin to deposit or withdraw from your gambling account. One of my friends introduced me this. He told me to not use bitcoin at all. But I think bitcoin is %100 the most common coin in casinos and in general depositing experience can be costly but better developed. I think using stablecoins is not that important even though I like. You use existing blockchains anyways.
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July 11, 2023, 08:18:04 AM
 #144

Back in the days when I start learning and dealing in crypto gambling ? I only uses Dogecoin because the timing when I bought Doge is best because of low transaction fee comparing to bitcoin as I started when there is Bull and the congestion is indeed happening .

But nowadays? I uses coin that available from my pocket , some are from other area where being paid to me or at least wins from investment so any coins will goes as long as it is given by my wifey lol.









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July 11, 2023, 09:15:42 AM
 #145

Back in the days when I start learning and dealing in crypto gambling ? I only uses Dogecoin because the timing when I bought Doge is best because of low transaction fee comparing to bitcoin as I started when there is Bull and the congestion is indeed happening .
Before Doge reached ATH in the previous year it was always used by many gamblers because the fees were cheap and withdrawals were also low so it became a second alternative to bitcoin in its time, but after the bull market on Dogecoin and it reached ATH making transactions a bit more jammed, now there are other alternatives like Matic is also a BNB that uses a lower transaction fee.

But unfortunately very few casinos and gambling platforms want to add Matic and BNB because it might be difficult to integrate them in the platform or there are other reasons, but still you will see dogecoin and litecoin in casinos or gambling platforms because these two will always be the mainstay of altcoins that used for gambling.  Cheesy

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July 11, 2023, 12:52:56 PM
 #146

I use the most popular crypto Bitcoin. I have tried  Ethereum, and Litecoin, which are also some common options at online casinos.  And have attempted using altcoins like Doge, Tether, and Solana. When compared to using fiat for gambling I have noticed that most online casinos have welcome bonuses specifically for crypto.

In addition, cashing out with crypto is simple too. Typically, withdrawals with crypto are typically faster  than other banking methods. Once I receive my winnings, I easily can exchange my  crypto on the  market for my local currency without no hassle and I can do it at night or during the weekend.

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rendravolt
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July 11, 2023, 02:15:24 PM
 #147

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.
Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.
Now it's back to each individual because of course everyone has their own views to determine the best crypto according to their version for gambling at online casinos. Bitcoin will be the first choice for all gamblers and it is undeniable because it is the first crypto currency in the world, if there is no other crypto option of course I will also use bitcoin. But as long as we can manage everything for the better I don't think it's a problem. Bitcoin is indeed more profitable in the long run and if the number of bitcoins is not large, there may not be a problem when the price fluctuates, but it is different if you have large amounts of bitcoins, of course it will be quite a loss if you fully bet using bitcoins because the profits will change according to the rate and that also applies to all other crypto. That's just my opinion, apart from that everything is very easy for us with bitcoin.

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July 11, 2023, 03:24:36 PM
 #148

I use the most popular crypto Bitcoin. I have tried  Ethereum, and Litecoin, which are also some common options at online casinos.  And have attempted using altcoins like Doge, Tether, and Solana. When compared to using fiat for gambling I have noticed that most online casinos have welcome bonuses specifically for crypto.

In addition, cashing out with crypto is simple too. Typically, withdrawals with crypto are typically faster  than other banking methods. Once I receive my winnings, I easily can exchange my  crypto on the  market for my local currency without no hassle and I can do it at night or during the weekend.

I don't think this is the case nowadays. Because most of the web3 based casinos are now considered also as a project. Their business idea had a timeline or a roadmap. With that casinos introduces their own coin. Now it is not only they're profiting from their business but also from the appreciating value of the coin.

So when entering their website, you can't play with the raw coin BTC or LTC, you have to convert it first as a token.

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July 11, 2023, 03:40:26 PM
 #149

I use the most popular crypto Bitcoin. I have tried  Ethereum, and Litecoin, which are also some common options at online casinos.  And have attempted using altcoins like Doge, Tether, and Solana. When compared to using fiat for gambling I have noticed that most online casinos have welcome bonuses specifically for crypto.

In addition, cashing out with crypto is simple too. Typically, withdrawals with crypto are typically faster  than other banking methods. Once I receive my winnings, I easily can exchange my  crypto on the  market for my local currency without no hassle and I can do it at night or during the weekend.

I don't think this is the case nowadays. Because most of the web3 based casinos are now considered also as a project. Their business idea had a timeline or a roadmap. With that casinos introduces their own coin. Now it is not only they're profiting from their business but also from the appreciating value of the coin.

So when entering their website, you can't play with the raw coin BTC or LTC, you have to convert it first as a token.
Web 3 casino in particular, you are very right, but then, this is particularly for complete decentralized casino, you and I know that, there are several casino claiming to be web 3 whereas if properly investigated, they are still the same as normal centralized casinos, the only difference is that, they offer or provide users the ability to login by connecting the casino account to their wallet, casino like this still have the ability to accept coins like bitcoin and litecoin for gambling.

But for casinos that are truly decentralized, I don't think it's possible for them to accept the real bitcoin, user can only use the wrapped version of bitcoin or any other coin that is not a token built and running on the blockchain the casino is built on.

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July 11, 2023, 06:17:12 PM
 #150

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.
Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.
Most of the casinos have BTC, ETH,LTC or memecoins as deposit option which is good for players as well they have stable coin options also.Like in the past few weeks when btc was witnessing high transaction fees I used some of meme coins lik doge to gamble because I don't want to hold it for profits motive while other coins are good for future returns.
In my perspective people who gamble with larger amounts will generally be more inclined to gamble with Bitcoin. However, those who gamble with relatively small amounts of money will try to gamble where normally transaction fees are low. Still others conduct gambling only with stable coins. Meme Coin and TRX generally have low transaction fees, making them the first choice of many gamblers. But apart from the coins I mentioned here, there are several coins that are used massively for gambling activities one of them is Litecoin.

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July 11, 2023, 06:26:04 PM
 #151

In my perspective people who gamble with larger amounts will generally be more inclined to gamble with Bitcoin. However, those who gamble with relatively small amounts of money will try to gamble where normally transaction fees are low. Still others conduct gambling only with stable coins. Meme Coin and TRX generally have low transaction fees, making them the first choice of many gamblers. But apart from the coins I mentioned here, there are several coins that are used massively for gambling activities one of them is Litecoin.

Personally, It depends on market condition on which currency I will use regardless of how big or small my bankroll. I always convert my crypto asset to stablecoin whenever the market is bearish to protect from losses due to crypto dump. This makes me use stablecoin too on gambling since all my asset on stablecoin. This is same when bullish market which my asset is on Bitcoin and other coin aside from stablecoin so that I will not miss out the crypto pump while I’m gambling.

I believe my perspective on asset to choose is same on most gamblers since using Bitcoin for huge deposit is same experience when you use stablecoin because no holds their money on casino account for too long.

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July 11, 2023, 07:05:00 PM
 #152

Bitcoin is a very good coin for gambling and playing slots games with Bitcoin is a lot of fun. and with Bitcoin I like to play slots games but when it comes to sports betting I feel more comfortable to bet with USDT stable coin. Because I often gamble with TRX.  Because its low gas fee saves a lot of fees on multiple transactions like deposit/withdraw. But I think most of the members of this forum prefer to gamble with bitcoin because bitcoin is more preferred in this forum and bitcoin is a safer holding than altcoins so everyone prefers to hold bitcoin and gamble from there.



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July 11, 2023, 07:19:42 PM
 #153

Bitcoin is a very good coin for gambling and playing slots games with Bitcoin is a lot of fun. and with Bitcoin I like to play slots games but when it comes to sports betting I feel more comfortable to bet with USDT stable coin. Because I often gamble with TRX.  Because its low gas fee saves a lot of fees on multiple transactions like deposit/withdraw. But I think most of the members of this forum prefer to gamble with bitcoin because bitcoin is more preferred in this forum and bitcoin is a safer holding than altcoins so everyone prefers to hold bitcoin and gamble from there.

I would understand playing with TRX if you also believe its price will also grow much in the bull run. But if you just use TRX to play because it's fast and with a low tx fee, I guess it's a bit unusual. 

One reason I use TRX is that I earn TRX thru staking some projects in which I earn TRX and EOS and so i'm also keeping them to bet. TRX price is actually very stable nowadays. The price is still more than 0.07$ and its very much promising to see the price of this token unchange even in times when others are plunging down.


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July 11, 2023, 07:38:32 PM
 #154

I don't think this is the case nowadays. Because most of the web3 based casinos are now considered also as a project. Their business idea had a timeline or a roadmap. With that casinos introduces their own coin. Now it is not only they're profiting from their business but also from the appreciating value of the coin.

So when entering their website, you can't play with the raw coin BTC or LTC, you have to convert it first as a token.

I see these coins as a waste of resources and unnecessary effort in their business line, they mostly create coins because they want to segment their customers like VIP services which I can get elsewhere with an amount of Bitcoin in another casino. The setback sees in these casino base own tokens is lack of interest because only a few people buy them and they don't get many speculations like the way other altcoins do get hype from buyers, what are you going they going to scream and lie on Twitter about the promising coin when there are more than other 1000 coins available in the market they can buy and get profit, most often than the casino token don't usually have volumes to begin with.

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July 11, 2023, 09:37:16 PM
 #155

`
Now it's back to each individual because of course everyone has their own views to determine the best crypto according to their version for gambling at online casinos. Bitcoin will be the first choice for all gamblers and it is undeniable because it is the first crypto currency in the world, if there is no other crypto option of course I will also use bitcoin. But as long as we can manage everything for the better I don't think it's a problem. Bitcoin is indeed more profitable in the long run and if the number of bitcoins is not large, there may not be a problem when the price fluctuates, but it is different if you have large amounts of bitcoins, of course it will be quite a loss if you fully bet using bitcoins because the profits will change according to the rate and that also applies to all other crypto. That's just my opinion, apart from that everything is very easy for us with bitcoin.
Since it is the first cryptocurrency, it is extensively used, and its reputation precedes it. Other things should be taken into account, though. Every dollar matters in the world of gaming. Furthermore, transaction fees for Bitcoin can quickly add up and reduce your profits. Bitcoin may be a fantastic investment, but using it for everyday transactions like gaming can be expensive.

Dogecoin, on the other hand, presents a significantly less expensive option. It offers a more practical option for internet gamblers due to its lower transaction fees. Although it may not have the same cache as Bitcoin, Dogecoin can provide a more affordable gambling experience. So, even though Bitcoin might be the best long-term investment, Dogecoin might be a superior option for your online gaming endeavors.

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wiss19
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July 12, 2023, 04:58:59 AM
 #156

Using bitcoin to gamble is not really a good thing. I personally convert my funds to XRP or any other coins with low transaction fees and fast confirm times, in anticipation of me winning something and taking it out of the platform and transferring it to the exchange. I don't think of the value of bitcoin or any other crypto going up when I gamble, because I consider those funds as lost already the moment I deposited it in the exchange.
I don't use bitcoin as well because I have this kind of feeling of regret that the amount I used to bet will be change once it pumps so when I lose, I lose more even than before, so I am using stable coins such as usdt and usdc if only available in the online gambling site that I am playing with. Most of the time I used usdt, so I can send it directly to binance and sell it on p2p.
Lol, it's the first time I'm hearing the regret thing but it does make sense now when I think about it. Let's suppose Bitcoin is priced at $30k per piece, I gamble with Bitcoin and lose 0.5 BTC which at the time of gambling is worth $15k, but later when the price goes up to $60k, I'll remember that I've lost 0.5 BTC in gambling back in the day that would have been worth $30k if I had them with me right now. So you are basically right that one would regret it later.

Most people use stable coins because it becomes easier to keep a count of the money you are using, how much you've lost, and how much you've won only by looking at your balance when it isn't possible when you are using a cryptocurrency that has a value higher or lower than $1.

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EarnOnVictor
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July 12, 2023, 07:08:33 AM
Last edit: July 12, 2023, 09:43:24 AM by EarnOnVictor
 #157

Back in the days when I start learning and dealing in crypto gambling ? I only uses Dogecoin because the timing when I bought Doge is best because of low transaction fee comparing to bitcoin as I started when there is Bull and the congestion is indeed happening .
Before Doge reached ATH in the previous year it was always used by many gamblers because the fees were cheap and withdrawals were also low so it became a second alternative to bitcoin in its time, but after the bull market on Dogecoin and it reached ATH making transactions a bit more jammed, now there are other alternatives like Matic is also a BNB that uses a lower transaction fee.

But unfortunately very few casinos and gambling platforms want to add Matic and BNB because it might be difficult to integrate them in the platform or there are other reasons, but still you will see dogecoin and litecoin in casinos or gambling platforms because these two will always be the mainstay of altcoins that used for gambling.
Many coins now have super-low transaction fees, yet they are not accepted by casinos, they can't just allow every coin. The integration of Matic and BNB also can't be the issue as they are well integrated with a few businesses that are allowing them. The issue would probably be the popularity, there are many things businesses consider before allowing a service into their system, to you, they might seem well known, but not to the gambling industry.

Nonetheless, the cheapness of fees is not the main consideration but the reliability and usage/acceptance by many users of the company. Therefore, many would rather go for coins like Bitcoin and Dogecoin many times over before thinking of Matic and BNB. Litecoin is another coin to reckon with in online bsuinesses, the fee is reasonably okay and it speaks for itself even more than the top ones with higher market caps.


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Crypt0Gore
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July 12, 2023, 08:56:27 AM
 #158

It is very convenient to move stable coins around than other digital currencies and that's why I like using stable coins in online casinos, but sometimes, when the BTC transaction fee is more friendly like right now that's around 0.30$, I don't waver to start using BTC instead.

Some online casinos also use USD value on their casino, and few use BTC value, you can change currency stat under settings if available but for those that has USD it's better to use stablecoins, for me, not talking about someone else.

For many gamblers, I believe it's mostly about the value and the gas fee, that's why gamblers like Dogecoin and Tron, I used these two more in the past because of high gas fee on Ethereum and Bitcoin, if such happens again I am going back to either Tron, Dogecoin or Stablecoins.

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tusandii
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July 12, 2023, 09:24:00 AM
 #159

For many gamblers, I believe it's mostly about the value and the gas fee, that's why gamblers like Dogecoin and Tron, I used these two more in the past because of high gas fee on Ethereum and Bitcoin, if such happens again I am going back to either Tron, Dogecoin or Stablecoins.
Dogecoin and Tron can be alternatives that are used for gambling when Bitcoin or Ethereum experience higher costs but automatically more and more gamblers will use these alternative coins for gambling and transactions which can create a few obstacles caused by the large number of transactions when making withdrawal or deposit.
If the increase in the cost of Bitcoin and Ethereum is within reach, I myself will not choose another alternative and continue to use these two tokens.
But back again that everything depends on the choice of each gambler.

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July 12, 2023, 10:37:07 AM
 #160

Lol, it's the first time I'm hearing the regret thing but it does make sense now when I think about it. Let's suppose Bitcoin is priced at $30k per piece, I gamble with Bitcoin and lose 0.5 BTC which at the time of gambling is worth $15k, but later when the price goes up to $60k, I'll remember that I've lost 0.5 BTC in gambling back in the day that would have been worth $30k if I had them with me right now. So you are basically right that one would regret it later.

Most people use stable coins because it becomes easier to keep a count of the money you are using, how much you've lost, and how much you've won only by looking at your balance when it isn't possible when you are using a cryptocurrency that has a value higher or lower than $1.
reading some of the statements this seems to be related to concerns when using coins other than stable coins.
let's try to change our mindset when using bitcoin to gamble, of course with a small amount and of course we will remember wisely to gamble using money that can afford to lose. so, if you gamble using money that you can afford to lose, why should you regret the money you've lost? sometimes we have to think realistically.

more precisely that's not the reason one choose stable coin to gamble but to avoid fluctuating crypto price. there is no reason someone uses a stable coin just to make it easier to calculate profits and losses because it will definitely cause regret.

regretting the money you have lost is just a waste.

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██       ███████████       ██
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▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
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..PLAY NOW..
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