Can money be saved in gambling sites?

[LUCKMCFLY]

But be careful if you want to stake or invest in a casino and always make sure that the casino is a reputable and trusted casino so that you don't experience problems later. The risk we face when storing coins in a casino is indeed fraud or the casino changing its rules so that we have to withdraw the coins and move them to another wallet.

But the best place to store your coins is in a private wallet that you can always monitor and control. That would be the best place to avoid fraud that often occurs. And it's best not to use your personal wallet to connect to any site other than just to store your coins while waiting for the market to increase again or get a bull run.

If the website was good after you analysis by the data from the announcement details of the casino site,you can hold the money in the casin site.But for the safety,you can withdrew the funds after the winning in the gambling sites.In some sites,many people was report of not able to withdrew the funds after the big win.In order to avoid such things,you can do the withdrew immediately after the winning.If the money needed on the game,you can do deposit of money which you needed for specific game.The gambler can save their money in the wallet if the website had no trust issue to save the deposit time for the next game.The gambler can withdrew the big money after the big winnings from the multiple game.

Well I know that each player can think as they want and can do what they want with their money and things they can do as they want, and I am convinced that every player can do whatever they want with their money, but let's remember the case of the exchanges that have been hacked, for now that is something that greatly alarmed people at the time, and even Theymos himself said it, recommended it, that one's money as a player, as a trader, as a person is when it is in our custody, Meanwhile it is not, and that is something that can be demonstrated, the money that we have in a casino, in an exchange is no longer ours even though it is ours, in a possible hack, because if the casino or the exchange does not respond, then Now they can wash their hands, so it is never good to leave the money in one place, that's why, if the money is under our custody under our private keys, the money is ours, meanwhile it is not, that is something that It should always be taken into consideration, however there are plans in casinos that are for investment and everything, that is a case where the entire risk is assumed by the player/investor.

If this is the case we have to assume it, but there is nothing worse than if we have the money in a casino or in exchange and it happens like in Binance, that they freeze the funds of some people in particular just because the police Country look that way, in fact I made a thread in the Spanish section where this topic is talked about, it is very interesting, and what everyone concludes is that our money should always be under our coustioda, no matter how good and reliable the casino is. Money should always be under our private keys.

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[Jocuserious]

A gambling site will never store your money for a long time and if you don't bet for a certain period of time they will take some money out of your wallet as fees. Moreover capital should not be stored in a gambling site as it is not a bank account so your money will be safe in the bank. Besides you can use crypto wallet if you want, but of course stable currency. However high security is less in the gambling site because everyone deposits here to play gambling so if you want you can keep a small amount in the gambling site.

[armanda90]

A gambling site will never store your money for a long time and if you don't bet for a certain period of time they will take some money out of your wallet as fees. Moreover capital should not be stored in a gambling site as it is not a bank account so your money will be safe in the bank. Besides you can use crypto wallet if you want, but of course stable currency. However high security is less in the gambling site because everyone deposits here to play gambling so if you want you can keep a small amount in the gambling site.

There are not any gambling platform website store user money but did you see many user complaint about their account suspended when huge amount withdrawing? its not matter for saving money in gambling site but huge amount is not recommended for saving assets, I think this ideas coming from some one have illegal transaction and try to make hidden assets keep efficiency when saving in gambling site.

For security between exchange market and gambling site seems not difference yet, many gambling site ability for adding 2FA and use mobile phone number authorization for accessing to account. But how friendly when withdrawing amount in gambling site will not get problem and account keep secure for long term?

[ChuckBuck]

Still the main choice when you want to store assets is in a private wallet that has nothing to do with third parties.

Because it's much safer than saving money in a casino because I had a bitter experience when I accessed my casino account again after not using it for a long time. As far as I remember, there were still some dogecoins where at that time the price was still relatively cheap so I left it at the casino, after I saw the price. up I accessed it again then my account was frozen so all funds were also frozen. So I took that as a lesson, never leave any funds in a casino even if it's small money.

We will never know the value of the crypto that we leave in the casino could rise and become valuable, the point is always use a personal wallet that can be used to store the crypto money that we have in the casino, don't put it in a third party as you said, whether it's a casino or exchange. 

A painful yet common misstep many make. I mean, one would think by now people would've understood the risks, right? But hey, at least you've learned now. Personal wallets are always the way to go, always. And here's a tip, since I'm feeling "generous": The world of crypto is unpredictable and volatile. While you're right about not knowing the value of cryptos left in a casino, it's also important to keep in mind the principles of responsible gambling (and responsible investing). Don't invest more than you can lose and always, ALWAYS, be skeptical. Especially with third parties. Is that what bitcointalk always taught us

[n00ber]

Still the main choice when you want to store assets is in a private wallet that has nothing to do with third parties.

Because it's much safer than saving money in a casino because I had a bitter experience when I accessed my casino account again after not using it for a long time. As far as I remember, there were still some dogecoins where at that time the price was still relatively cheap so I left it at the casino, after I saw the price. up I accessed it again then my account was frozen so all funds were also frozen. So I took that as a lesson, never leave any funds in a casino even if it's small money.

We will never know the value of the crypto that we leave in the casino could rise and become valuable, the point is always use a personal wallet that can be used to store the crypto money that we have in the casino, don't put it in a third party as you said, whether it's a casino or exchange. 

A painful yet common misstep many make. I mean, one would think by now people would've understood the risks, right? But hey, at least you've learned now. Personal wallets are always the way to go, always. And here's a tip, since I'm feeling "generous": The world of crypto is unpredictable and volatile. While you're right about not knowing the value of cryptos left in a casino, it's also important to keep in mind the principles of responsible gambling (and responsible investing). Don't invest more than you can lose and always, ALWAYS, be skeptical. Especially with third parties. Is that what bitcointalk always taught us

Even if we save money in the bank, it is not safe. Everything has more or less risk. Even though I know the risks, I still leave my money in the casino. For me to leave money here, it will be difficult for anyone to control my money. Especially the government. I feel much safer than banks. I am choosing a third party with an extensive system and a higher safety rate.

[uneng]

It makes sense only if the casino offers you a benefit if you keep your funds deposited on the platform. Like at freebit.co.in, where they pay daily interest over your total balance.

It's an enticing offer, and this site has maintained a good reputation over time. As long as you're adept at managing and setting limits on your gambling budget, it doesn't seem like a bad idea to store it in a wallet with daily interest benefits.

Yes, someone willing to keep funds deposited there must be very responsible and strict with his gambling activity, otherwise it's likely he will feel tempted to use invested funds to gamble, consequently losing everything and being unable to continue generating passive income and setting a specific budget for gambling futurely. The concept is great, but dangerous at same time for compulsive gamblers, because investment and gambling budget will be always together mixed inside a same wallet.

[Nazmul012]

Not impossible but why you need to do that?? I think it isn't a smart idea to save your money where other own the authority. What will you do if the gambling site backrupt or scam or terminate your account?? Moreover, you want to save money in your gambling site , which means you are a gambler too! That is more dengerous cause it is possible that, you lost your patient after losing some fixed amount for gamble and then place bets with those money to recovery! Which increase a lot of risk and you could lost whole capital at once. Keep it in crypto wallet and save your keys, which is more safe than saved money in gambling website

[zuzie]

Not impossible but why you need to do that?? I think it isn't a smart idea to save your money where other own the authority. What will you do if the gambling site backrupt or scam or terminate your account?? Moreover, you want to save money in your gambling site , which means you are a gambler too! That is more dengerous cause it is possible that, you lost your patient after losing some fixed amount for gamble and then place bets with those money to recovery! Which increase a lot of risk and you could lost whole capital at once. Keep it in crypto wallet and save your keys, which is more safe than saved money in gambling website

Of course, it is still very doubtful whether we will save money on gambling sites, because in the future we will never know whether gambling sites are safe and trustworthy or not. Some people prefer to just keep their money in the bank, even though sometimes there are problems at the bank, such as the account balance suddenly being empty and the money disappearing completely.
By paying attention to this, I think we should save in the form of goods such as gold or buying land, the longer it is clear, the higher the selling price will be.

[borovichok]

Not impossible but why you need to do that?? I think it isn't a smart idea to save your money where other own the authority. What will you do if the gambling site backrupt or scam or terminate your account?? Moreover, you want to save money in your gambling site , which means you are a gambler too! That is more dengerous cause it is possible that, you lost your patient after losing some fixed amount for gamble and then place bets with those money to recovery! Which increase a lot of risk and you could lost whole capital at once. Keep it in crypto wallet and save your keys, which is more safe than saved money in gambling website

Why is it that there's existence of banks, crypto wallets? It's meant for us to save our money and not developing the idea to keep it on gambling sites. There's risks involved in gambling, we ought to apply measurable techniques that would save us from heaving losses. Gambling is mostly for those that have spare cash to wager on games and not the ones that's desperate to make money, and depend on gambling to streams their reliable sources. Saving money on gambling sites, happened to be an unwise decision, it's never going to yield to any solidable form or results.

[Gozie51]

Keep it in crypto wallet and save your keys, which is more safe than saved money in gambling website

In a noncustodial wallet you mean I guess. That is a safer place to save your coins because you alone have the private keys to unlock or access it, you alone can transact from it to the exclusion of other third party including the casino. A noncustodial wallet is a sure secured wallet and you are sure no one will access or your funds if you don't disclose your keys to another person . So if you have funds you have won and you need to save it, you can transfer it out from the casino wallet to your noncustodial wallet like trustwallet , MetaMask MyEtherWallet, coinomi etc.

[piebeyb]

Even if we save money in the bank, it is not safe. Everything has more or less risk. Even though I know the risks, I still leave my money in the casino. For me to leave money here, it will be difficult for anyone to control my money. Especially the government. I feel much safer than banks. I am choosing a third party with an extensive system and a higher safety rate.

No one forces you to save in a casino or anywhere else as long as you feel comfortable there just save it, at least you know wherever you put your money there is always a risk, but in a casino it is not a good place to save money unless your account is still actively gambling apparently not there are problems with that but on the other hand if you are never active then don't complain if your account and funds are frozen.

Actually it all comes down to your own choice, maybe I'm just sharing a bitter experience because I left money at the casino and it wasn't active for long, finally my account and money were frozen, but that was my fault and I never blamed the casino for that problem, just think of it as experience. I, you can store money in crypto in a private wallet so that no one can access it except you, as long as you store the wallet key safely then everything will be safe, but there are still risks. always choose which one is more comfortable for you and you are responsible with your own money.

[maydna]

~snip~

Indeed, if you keep it in small amounts, it will be okay and will not be a serious problem. However, personally, I always empty my balance after I decide to stop playing, whether for large or small amounts. Because whether small or large is still money, and I do this apart from preventing my balance from being lost for no reason, but I also do this to prevent me from being more regular in my gambling activities. Because quite a few people, as long as there is a balance in their account, that is how long they will gamble. I'm just trying to reset my gambling activities and one way is to always empty the balance in my gambling account.

That's good for you, so you don't have to worry about the balance in your gambling account. We are tempted to continue gambling using the assets stored in the gambling account to avoid losing our balance. By keeping the assets in a gambling account, we might think we still have most of them, so it's okay if we use a little money from those assets. But that thinking is not correct because gambling will continue to tempt us to continue gambling, and this is where we need to prevent this from happening, so we have to save all the assets we have in other personal wallets. We only need to send the amount of money we can afford to gamble and will not use all the money that day.

[Rabata]

Is good to save money for future use so we can make good use of it when ever we need to, now what if you decide to save money in your betting account will that be possible to?
We can decide not to save money in our fiat bank account or any other micro finance bank account for one reason or the other and save it in a licensed gambling sites can that idea be possible, will the money deposited there not be tempered with from the gambling platform or removed automatically from the account after keeping it for a long period of time?

Every person who has the ability to save money definitely should save money. But choosing a reliable platform before saving is very important. If a person prefers a platform for long term savings then I would not advise him to keep it on any gambling platform. If one wants to keep money in the gambling account temporarily, he must choose a reliable gambling site. Because gambling sites that are new, it is definitely unsafe to keep gambling money on those sites. There is a possibility of losing that money due to any reason. Moreover, due to greed of gambling, money may be lost many times. Therefore, gambling platforms should not be used as a means of saving money.

[slapper]

But be careful if you want to stake or invest in a casino and always make sure that the casino is a reputable and trusted casino so that you don't experience problems later. The risk we face when storing coins in a casino is indeed fraud or the casino changing its rules so that we have to withdraw the coins and move them to another wallet.

But the best place to store your coins is in a private wallet that you can always monitor and control. That would be the best place to avoid fraud that often occurs. And it's best not to use your personal wallet to connect to any site other than just to store your coins while waiting for the market to increase again or get a bull run.

If the website was good after you analysis by the data from the announcement details of the casino site,you can hold the money in the casin site.But for the safety,you can withdrew the funds after the winning in the gambling sites.In some sites,many people was report of not able to withdrew the funds after the big win.In order to avoid such things,you can do the withdrew immediately after the winning.If the money needed on the game,you can do deposit of money which you needed for specific game.The gambler can save their money in the wallet if the website had no trust issue to save the deposit time for the next game.The gambler can withdrew the big money after the big winnings from the multiple game.

Well I know that each player can think as they want and can do what they want with their money and things they can do as they want, and I am convinced that every player can do whatever they want with their money, but let's remember the case of the exchanges that have been hacked, for now that is something that greatly alarmed people at the time, and even Theymos himself said it, recommended it, that one's money as a player, as a trader, as a person is when it is in our custody, Meanwhile it is not, and that is something that can be demonstrated, the money that we have in a casino, in an exchange is no longer ours even though it is ours, in a possible hack, because if the casino or the exchange does not respond, then Now they can wash their hands, so it is never good to leave the money in one place, that's why, if the money is under our custody under our private keys, the money is ours, meanwhile it is not, that is something that It should always be taken into consideration, however there are plans in casinos that are for investment and everything, that is a case where the entire risk is assumed by the player/investor.

If this is the case we have to assume it, but there is nothing worse than if we have the money in a casino or in exchange and it happens like in Binance, that they freeze the funds of some people in particular just because the police Country look that way, in fact I made a thread in the Spanish section where this topic is talked about, it is very interesting, and what everyone concludes is that our money should always be under our coustioda, no matter how good and reliable the casino is. Money should always be under our private keys.

Your reply says it all: as long as your money is in a casino or exchange, you're basically playing dice with your future. And oh, how the big casinos and companies love to give the impression that they are completely safe! But we can see that hacking scams and asset freezes have happened a lot in the past. You're totally right; self-custody through private keys should be the gold standard for making sure you're not just a number in a high-profile hack

Theymos was right. Even if you have an account, you're just a sitting duck until you secure your cold storage, right? I think casinos and exchanges should have built-in choices for cold storage to make things even safer. Would they, though? They are too busy counting the money for the house.

[AicecreaME]

It can be saved in a casino website only if you want to. However it's not really advisable and safe to do so because it possess so many risks. Having a gambling site serving as your bank could mean trouble the moment the casino becomes bankrupt and be lost in thin air. But if you will persist in doing so, you should make sure that the casino is reputable and trusted. This way, you have an assurance that they will not pocket your money and go missing in action.

Be sure to always check the terms and conditions of the casino website too once in every while because they might change it without notifying you that could lead you in the disadvantaged side the moment they change it into unfavorable manner to the player's.

[Juse14]

We only need to send the amount of money we can afford to gamble and will not use all the money that day.

It would be very careless if we spent the money we have on gambling all at once or spent it on just one game. And I have a friend who is very careless when gambling, where when he gets some money he will gamble and what is even more stupid is that he ignores his needs and obligations and prioritizes his gambling because he has a mindset like that when he wins big, then all his needs and obligations will fulfilled. and I don't want to experience the same thing as my friend experienced, so I always try and look for ways to regulate the gambling that I do.

[Eureka_07]

<snip>

We know for a fact that this type of saving is not typical. However, it is indeed possible. Just be mindful of their policy. Also, make sure to read their Terms. You can ask the casino directly. I believe they won't remove the balance even if it remains untouched for an extended period, but, as I mentioned, it might vary from one casino to another, so it's a good idea to inquire about this directly.

[abel1337]

We only need to send the amount of money we can afford to gamble and will not use all the money that day.

It would be very careless if we spent the money we have on gambling all at once or spent it on just one game. And I have a friend who is very careless when gambling, where when he gets some money he will gamble and what is even more stupid is that he ignores his needs and obligations and prioritizes his gambling because he has a mindset like that when he wins big, then all his needs and obligations will fulfilled. and I don't want to experience the same thing as my friend experienced, so I always try and look for ways to regulate the gambling that I do.

Always remember to have a budget to our gambling activities, deposit the amount of money that are allocated to gambling. It's quite boring to spend it all in just one game, I think it's for a single gambling session.

Basically your friend is probably an addict with a very wrong mindset. Somehow a mindset that rely on the risk and more on luck. I wonder how your friend live his daily life if he have a mindset like that. I'm sure that the mindset he have will keep repeating until he is tired with it or realize that he is doing a bad habit of pursuing his gambling journey.

[nara1892]

We only need to send the amount of money we can afford to gamble and will not use all the money that day.

It would be very careless if we spent the money we have on gambling all at once or spent it on just one game. And I have a friend who is very careless when gambling, where when he gets some money he will gamble and what is even more stupid is that he ignores his needs and obligations and prioritizes his gambling because he has a mindset like that when he wins big, then all his needs and obligations will fulfilled. and I don't want to experience the same thing as my friend experienced, so I always try and look for ways to regulate the gambling that I do.

I would say that your friend has entered the addiction zone, honestly I think it's normal for those who are addicted because as we know that they have excessive assumptions and seem to be very obsessed with gambling, I'm sure your friend has had a win that makes him feel an extraordinary sensation there. So as you said even he is more concerned with gambling than his own life needs.

It's great if you realize the mistake your friend made, honestly I agree with you because there is no guarantee in gambling, even though you bet as much money as possible but still in the end you don't necessarily win, because everything returns to the luck of each - each. So yes I hope you can think more clearly and logically when you want to gamble, don't let you be tempted by whatever is there.

[madnessteat]

We only need to send the amount of money we can afford to gamble and will not use all the money that day.

It would be very careless if we spent the money we have on gambling all at once or spent it on just one game. And I have a friend who is very careless when gambling, where when he gets some money he will gamble and what is even more stupid is that he ignores his needs and obligations and prioritizes his gambling because he has a mindset like that when he wins big, then all his needs and obligations will fulfilled. and I don't want to experience the same thing as my friend experienced, so I always try and look for ways to regulate the gambling that I do.

So your friend already has a gambling addiction as a sensible gambler first of all takes care of his needs, obligations and gambles only on free money. I would take this issue more seriously if I were you. Try to talk to this friend and explain to him to reconsider his attitude to gambling. I am sure that if you had such a problem you would be glad to have the attention and help of a friend.