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Author Topic: No gambling today due to bitcoin high transaction fee.  (Read 1957 times)
delfastTions
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September 19, 2024, 10:21:36 AM
 #221

Apparently, most crypto casino gamblers use Altcoins when the casino itself allows betting in these coins. Sometimes their own game tokens are also used. As for Bitcoin payments, I certainly fully agree that this is a valuable asset and it is more important to use Altcoins with small fees in the game. This becomes especially important when there are many payments. And of course, Bitcoin is still a very slow blockchain compared to modern altcoins. This also affects the slowdown of your game to some extent.

The question is, however, which Altcoin is preferred by the relative majority of players, i.e. those that allow different casinos to be used in gambling?
In my opinion, the best altcoin for gambling is Litecoin, digital silver and Bitcoin's brother. It is fast, the fees are low and it has a good reputation over the years, and it is also similar to Bitcoin due to halvings. I have seen that it is available in many casinos, so why not use it there. But I would not use Bitcoin itself because it is suitable as a means of accumulation and a long-term asset that does not need to be used in transactions that we often make. After all, if we use it every time in gambling, then due to the high commission, we will be left without a deposit.

Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
And you are right. Litecoin is really good and when I used it, the block confirmation speed really pleased me after Bitcoin and it is even a little unusual that transactions are fast and that the fees are small. In addition, it is of course "cryptocurrency silver", since it has been used for a long time and in general without any special problems with its blockchain. So, probably, taking into account that Litecoin is traditionally considered silver, it is probably the best option for crypto casinos with small bets.

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arwin100
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September 19, 2024, 11:26:47 AM
 #222

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?
Good observation. However the fourth halving which has temporarily resulted in transactions fee increases shouldn't stop one who already has some good amount in his casino wallet account from gambling. After gambling the individual will have to exercise patience for some days until the fee drops to withdraw their winnings. There's an option for the use of other crypto - USDT and Tron.


High transaction fees had really affected alot of person's gambling habits and I think it's a good pace for self discipline and retrieval of gambling activities that usually results in addiction but it's fine for people that have a high income and are responsible in their dealings with money. So for the ones that use Bitcoin as payments to gamble I believe that rate is high enough to gamble with and one can also limits the use of it and make use of other currencies too, so what I'm trying to say is the high transaction fees in Bitcoin it's a medium to observe the current trends of the markets and limits the gambling activities inorder not to results in addiction and again if you look at this high rate of transactions fees for investors it's an avenue to invest more and accumulate more assets for future use.

It affect to those person doesn't that have BTC on their wallets. But if they could able to spend some time transferring it then exchange to those coins which have less transaction fees then this situation doesn't give them any problem.

But for investors who only want to use BTC and gamble just to have short time fun only, provably that they are the one who would say that no gambling today due to high fees taken to them since they can't afford to take those hassle way to trade their coin just to gamble, Usually they would just decide to take a break and wait for the fees to subside since this is ideal or less hassle for them. Also I guess this incident sometimes beneficial to gambler since it limits the want of people to gamble since there's something stopping them to continue.

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September 19, 2024, 11:58:03 AM
 #223

In order to avoid of this,the gamblers can use the other coins like Ethereum,BNB and tron.So the transaction fee issue will be resolved.
Who still uses ethereum related tokens (erc20) to avoid higher fee and congestion? I guess you are in the wrong way, it's a suicide, nothing's gonna happen good using such tokens unless you want to try and try again after fail transactions. Even now, ethereum blockchain has over 100k pending transactions.
Lol...thank goodness we have alternatives in the crypto world, I wonder what would happen if the whole load of crypto fell in the hands of Bitcoin and Ethereum, it would have been devasting and people must have preferred to use their fiats for transactions to have a peace of mind.

Despite the many alternatives today, I still do not believe that the Ethereum network could still have so much congestion, despite the cheap alternatives. I wonder those who are using the ERC20 like you said, I don't look at it twice before moving to the next option. I guess many people are not well-informed about this.

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September 19, 2024, 12:36:14 PM
 #224

Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
I remember the time when I use Litecoin. The fee is not too high and can cover my needs to playing gambling. The time of the transaction is not takes too long so I can see my deposit was arrived in my wallet on the casino so I can use it right away to playing gambling. Using Litecoin is one of many solutions that we can use when Bitcoin have a high fees of the transaction. Beside of Litecoin, we have so many coins that we can use to send it into our gambling account but that will depends on what coin that is available on that casino because every casino will have different coin lists. We must choose the coin that we want and have a low fees of the transaction so we don't have to confuse with the high fees transaction.

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September 19, 2024, 01:26:04 PM
 #225

Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
I remember the time when I use Litecoin. The fee is not too high and can cover my needs to playing gambling. The time of the transaction is not takes too long so I can see my deposit was arrived in my wallet on the casino so I can use it right away to playing gambling. Using Litecoin is one of many solutions that we can use when Bitcoin have a high fees of the transaction. Beside of Litecoin, we have so many coins that we can use to send it into our gambling account but that will depends on what coin that is available on that casino because every casino will have different coin lists. We must choose the coin that we want and have a low fees of the transaction so we don't have to confuse with the high fees transaction.
When Bitcoin transaction fees are high, many gamblers are reluctant to make deposits when it comes to gambling with Bitcoin, especially for small gamblers because transaction fees are great problem. I have seen many casinos and gambling platforms that include lite coins and Tron platform's TRX and stable coins USDT. I can gamble with any of the mentioned coins as per my convenience when bitcoin transactions increase. So I don't have to face any problem in gambling if the transaction fee of Bitcoin rise up. At the moment Bitcoin's transaction fees for gamblers do not pose any barrier.

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September 19, 2024, 01:36:48 PM
 #226

Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
I remember the time when I use Litecoin. The fee is not too high and can cover my needs to playing gambling. The time of the transaction is not takes too long so I can see my deposit was arrived in my wallet on the casino so I can use it right away to playing gambling. Using Litecoin is one of many solutions that we can use when Bitcoin have a high fees of the transaction. Beside of Litecoin, we have so many coins that we can use to send it into our gambling account but that will depends on what coin that is available on that casino because every casino will have different coin lists. We must choose the coin that we want and have a low fees of the transaction so we don't have to confuse with the high fees transaction.
That’s right! Litecoin really helps some gamblers save on transaction fees. I can remember that I use XRP too because it’s known for low transaction costs, making these two a solid alternative for many.

I just can’t imagine someone being willing to spend so much just to keep gambling. It’s clear that when you’re in the addiction stage, you’ll find a way to keep going. If there are no options, even with high fees, people will still gamble using bitcoin. But for those casual gamblers, though, I’m sure they’re considering their situation and might step back until the fees return to normal.

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September 19, 2024, 03:17:56 PM
 #227

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?
Bitcoin transaction fees increased to a large extent after Bitcoin IV. Then there was a need to pay an additional fee for one transaction. In particular, important issues such as withdrawal from exchange, transfer from wallet to wallet, deposits on various casinos and gambling sites etc. were greatly affected. It is natural that gamblers will usually refrain from gambling temporarily due to paying extra fees for withdrawals on gambling and casino sites. Currently, Bitcoin transaction fees have reduced to a large extent so gambling and casino users are not facing any problem in gambling.

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September 19, 2024, 03:59:21 PM
 #228

It seems that high fees will not prevent gamblers from quitting because after all, it is very possible that most gamblers still have a balance on the gambling platform. Thus, gamblers will still be able to place bets without having to think about the costs of withdrawals or deposits made. After all, if they lose then they will not make a withdrawal, and if they win then of course they will still be able to make a withdrawal even though the costs may be greater than before. Because if they win in gambling, then of course they will also be able to cover the withdrawal fees charged when the withdrawal is made, and I think it is not a big problem to make gamblers stop.

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September 19, 2024, 04:03:01 PM
 #229

It seems that high fees will not prevent gamblers from quitting because after all, it is very possible that most gamblers still have a balance on the gambling platform. Thus, gamblers will still be able to place bets without having to think about the costs of withdrawals or deposits made. After all, if they lose then they will not make a withdrawal, and if they win then of course they will still be able to make a withdrawal even though the costs may be greater than before. Because if they win in gambling, then of course they will also be able to cover the withdrawal fees charged when the withdrawal is made, and I think it is not a big problem to make gamblers stop.

Yes for those gamblers who leave a little fund in their gambling account just Incase they want to have their next session, they don't have to think much when the transaction fee increases. For now though, I don't think any one would be bothered much about fees as the fee is very low and favorable for any one bithe the gamblers. Most times I just prefer using other coins to gamble as Bitcoin is more valuable than them on the long run. I won't want to gamble with my BTC so it doesn't actually affect my gambling activities.

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September 19, 2024, 04:12:40 PM
 #230

It seems that high fees will not prevent gamblers from quitting because after all, it is very possible that most gamblers still have a balance on the gambling platform. Thus, gamblers will still be able to place bets without having to think about the costs of withdrawals or deposits made. After all, if they lose then they will not make a withdrawal, and if they win then of course they will still be able to make a withdrawal even though the costs may be greater than before. Because if they win in gambling, then of course they will also be able to cover the withdrawal fees charged when the withdrawal is made, and I think it is not a big problem to make gamblers stop.

Yes for those gamblers who leave a little fund in their gambling account just Incase they want to have their next session, they don't have to think much when the transaction fee increases. For now though, I don't think any one would be bothered much about fees as the fee is very low and favorable for any one bithe the gamblers. Most times I just prefer using other coins to gamble as Bitcoin is more valuable than them on the long run. I won't want to gamble with my BTC so it doesn't actually affect my gambling activities.
Those that keep altcoins can gamble with them when transaction fees are high on bitcoin transactions but I don't see that as any hinderance because if I want to gamble with bitcoin and transaction fee is high, i will convert it to USDT or any altcoins for gambling.

Having funds in your casino account is good especially when it is your gambling budget with that, you don't need to bother if fees are high because it will not be a problem to you.

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September 19, 2024, 04:28:36 PM
 #231

Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
I remember the time when I use Litecoin. The fee is not too high and can cover my needs to playing gambling. The time of the transaction is not takes too long so I can see my deposit was arrived in my wallet on the casino so I can use it right away to playing gambling. Using Litecoin is one of many solutions that we can use when Bitcoin have a high fees of the transaction. Beside of Litecoin, we have so many coins that we can use to send it into our gambling account but that will depends on what coin that is available on that casino because every casino will have different coin lists. We must choose the coin that we want and have a low fees of the transaction so we don't have to confuse with the high fees transaction.
When Bitcoin transaction fees are high, many gamblers are reluctant to make deposits when it comes to gambling with Bitcoin, especially for small gamblers because transaction fees are great problem. I have seen many casinos and gambling platforms that include lite coins and Tron platform's TRX and stable coins USDT. I can gamble with any of the mentioned coins as per my convenience when bitcoin transactions increase. So I don't have to face any problem in gambling if the transaction fee of Bitcoin rise up. At the moment Bitcoin's transaction fees for gamblers do not pose any barrier.
High transaction fees can make some gamblers not to gamble for a while. However, gamblers that have good knowledge about crypto currency can easily deposit coins into their crypto betting account. Mostly if they have CEX, they can easily convert their Bitcoin into any stable coins that have a low fees for transactions. I also prefer to gamble with USDT than to gamble with my Bitcoin because Bitcoin is a good store of value in the future, that is why I can gamble with altcoins.











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September 19, 2024, 04:36:59 PM
 #232

High transaction fees can make some gamblers not to gamble for a while. However, gamblers that have good knowledge about crypto currency can easily deposit coins into their crypto betting account. Mostly if they have CEX, they can easily convert their Bitcoin into any stable coins that have a low fees for transactions. I also prefer to gamble with USDT than to gamble with my Bitcoin because Bitcoin is a good store of value in the future, that is why I can gamble with altcoins.

Indeed there is no problem for gamblers who have alternative funds on CEX. but for those who keep their funds in wallets, the high transaction fees that occur several times on Bitcoin must frustrate gamblers and finally choose to stop temporarily.

Previously I always bet with Bitcoin. that's because I get the funds I get for my betting allocation in Bitcoin. when the high-cost problem occurs on Bitcoin, I also finally don't bet. I rarely bet with altcoins or other stable assets. but lately, the funds I get are USDT, so I will bet with that.

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September 19, 2024, 04:51:40 PM
 #233

High transaction fees can make some gamblers not to gamble for a while. However, gamblers that have good knowledge about crypto currency can easily deposit coins into their crypto betting account. Mostly if they have CEX, they can easily convert their Bitcoin into any stable coins that have a low fees for transactions. I also prefer to gamble with USDT than to gamble with my Bitcoin because Bitcoin is a good store of value in the future, that is why I can gamble with altcoins.

Fortunately the bitcoin transaction fee is quite low for last one or two months and anyone who want to deposit / withdrawal in bitcoin can do it easily without much tx fee. This topic was created back in April when there was hype of Ordinals and the bitcoin transaction fee was very high.

Now things are normal and we can keep an eye on the mempool at https://mempool.space/

Also if we talk about the withdrawals, many centralized gambling sites have fixed withdrawal fees and they will not vary with the change in the tx fees.

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September 19, 2024, 05:00:15 PM
 #234

It seems that high fees will not prevent gamblers from quitting because after all, it is very possible that most gamblers still have a balance on the gambling platform. Thus, gamblers will still be able to place bets without having to think about the costs of withdrawals or deposits made. After all, if they lose then they will not make a withdrawal, and if they win then of course they will still be able to make a withdrawal even though the costs may be greater than before. Because if they win in gambling, then of course they will also be able to cover the withdrawal fees charged when the withdrawal is made, and I think it is not a big problem to make gamblers stop.
Maybe it's for some users who still have bitcoin in their casino account, of course they won't care about that and will continue their gambling activities, especially since the match at UCL is very fun and tense, of course they will continue to gamble happily, but for some other gamblers who don't have a balance in their account maybe they will think twice about depositing using BTC and it's better to use other alternatives to be able to gamble, altcoins will be useful for those who experience this situation, unless the gambler is a whale, they won't care about transaction fees, because their gambling amount is definitely very large.

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September 19, 2024, 05:09:36 PM
 #235

High transaction fees can make some gamblers not to gamble for a while. However, gamblers that have good knowledge about crypto currency can easily deposit coins into their crypto betting account. Mostly if they have CEX, they can easily convert their Bitcoin into any stable coins that have a low fees for transactions. I also prefer to gamble with USDT than to gamble with my Bitcoin because Bitcoin is a good store of value in the future, that is why I can gamble with altcoins.

Indeed there is no problem for gamblers who have alternative funds on CEX. but for those who keep their funds in wallets, the high transaction fees that occur several times on Bitcoin must frustrate gamblers and finally choose to stop temporarily.

Previously I always bet with Bitcoin. that's because I get the funds I get for my betting allocation in Bitcoin. when the high-cost problem occurs on Bitcoin, I also finally don't bet. I rarely bet with altcoins or other stable assets. but lately, the funds I get are USDT, so I will bet with that.
This is why someone needs to have more than one alternative in every of their daily activity, mostly if they make use of the particular thing almost everyday.
However, let say you are a Bitcoin investor, and we know that for a start you will need an exchange to purchase Bitcoin. And after your purchase before you can send your Bitcoin to any wallet of your choice.
If you have an exchange and you also have a fiat in your bank account you can easily buy any stable coins of your choice (if it's listed on the gambling platform you used) and deposit into your betting account.

High transaction fees can make some gamblers not to gamble for a while. However, gamblers that have good knowledge about crypto currency can easily deposit coins into their crypto betting account. Mostly if they have CEX, they can easily convert their Bitcoin into any stable coins that have a low fees for transactions. I also prefer to gamble with USDT than to gamble with my Bitcoin because Bitcoin is a good store of value in the future, that is why I can gamble with altcoins.

Fortunately the bitcoin transaction fee is quite low for last one or two months and anyone who want to deposit / withdrawal in bitcoin can do it easily without much tx fee. This topic was created back in April when there was hype of Ordinals and the bitcoin transaction fee was very high.

Now things are normal and we can keep an eye on the mempool at https://mempool.space/

Also if we talk about the withdrawals, many centralized gambling sites have fixed withdrawal fees and they will not vary with the change in the tx fees.
Yes for now Bitcoin transactions fee is low and gamblers don't need to convert their Bitcoin to any altcoins before they can gamble because Bitcoin transaction fees is @9-sat for now. But am just saying this probably because a time might come when Bitcoin transaction fees will be high and gamblers that are using their Bitcoin to gamble will not either have the chance to deposit Bitcoin into their crypto Betting account. And all they will need to do is either to take a break for a few days or use an altcoins to gamble.











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September 19, 2024, 07:19:10 PM
 #236

High transaction fees can make some gamblers not to gamble for a while. However, gamblers that have good knowledge about crypto currency can easily deposit coins into their crypto betting account. Mostly if they have CEX, they can easily convert their Bitcoin into any stable coins that have a low fees for transactions. I also prefer to gamble with USDT than to gamble with my Bitcoin because Bitcoin is a good store of value in the future, that is why I can gamble with altcoins.

Fortunately the bitcoin transaction fee is quite low for last one or two months and anyone who want to deposit / withdrawal in bitcoin can do it easily without much tx fee. This topic was created back in April when there was hype of Ordinals and the bitcoin transaction fee was very high.

Now things are normal and we can keep an eye on the mempool at https://mempool.space/

Also if we talk about the withdrawals, many centralized gambling sites have fixed withdrawal fees and they will not vary with the change in the tx fees.
Those are indeed notable days on which the fees did really hit up that all time high on which as far as i remember it did reach out $200 transaction fee which this is really that high.
We've been used to 1sat/byte or max of 10 on which this is really just that too cheap and if ever there would be that network congestion for whatever reason it would be then it would
really be causing up that kind of fee rise. For those people who are really that mindful about cheap fees would really be that always have something to say whenever it would be having those
kind of rise on which its not shocking thing. They would really be not wanting for the fees to be that high but if you are someone who do have tons of bitcoin or whatever coin you do have
then you dont just care on what the fee would be.

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September 19, 2024, 07:33:00 PM
 #237

Bitcoin high transactions fees have minimal impact on our gambling schedule and this is because we have loads of other alternatives to chose from, if the Bitcoin network become congested, we have other altcoins that could serve that purpose of making the deposits and even withdrew at regular intervals without any issues.

So at that point, there is no need to rely on Bitcoin to gamble anymore, all what you can do is to make sure that you have the needed alternative to Bitcoin to make your transactions on and by so doing you are making everything possible to position yourself in the right cause of things,  because if you rely only on Bitcoin to gamble, you will be having a lot of limitations.

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September 19, 2024, 07:40:00 PM
 #238

Fortunately the bitcoin transaction fee is quite low for last one or two months and anyone who want to deposit / withdrawal in bitcoin can do it easily without much tx fee. This topic was created back in April when there was hype of Ordinals and the bitcoin transaction fee was very high.

Now things are normal and we can keep an eye on the mempool at https://mempool.space/

Also if we talk about the withdrawals, many centralized gambling sites have fixed withdrawal fees and they will not vary with the change in the tx fees.
Still if they have BTC on the exchange then the withdrawal fees will be expensive but the asset solution there can be converted to other altcoins that are cheaper in withdrawal fees then it doesn't matter.
Even if you have Btc in your personal wallet, you don't have to worry anymore because the sending fee is already low and this is not enough to worry about them.

Actually, there are some casinos whose withdrawal fees are free and some that set them low according to the density of the mempool.
But for gamblers it is not a problem because withdrawal fees are not so expensive for now.

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September 19, 2024, 08:16:53 PM
 #239

Bitcoin high transactions fees have minimal impact on our gambling schedule and this is because we have loads of other alternatives to chose from, if the Bitcoin network become congested, we have other altcoins that could serve that purpose of making the deposits and even withdrew at regular intervals without any issues.

So at that point, there is no need to rely on Bitcoin to gamble anymore, all what you can do is to make sure that you have the needed alternative to Bitcoin to make your transactions on and by so doing you are making everything possible to position yourself in the right cause of things,  because if you rely only on Bitcoin to gamble, you will be having a lot of limitations.
I think everyone is also smart in such situations, especially if our gambling nominal is not large, it is very detrimental to have to pay high network fees when the bitcoin network is congested, besides that transactions will slow down busy, it will kill the desire to gamble if forced to play using bitcoin.

If in the proverb that I believe in, that is, in doing something must be conditional if road A is bad then find another easier way, and yes here the role of altcoins becomes very important to make deposits, and this is also important for casinos to provide many altcoins that have easier gass fees for gamblers to make it more comfortable and easier, I agree with you bitcoin has limitations that not everyone can afford such as paying expensive transaction gass fees when the bitcoin network is very busy.

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Miles2006
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September 19, 2024, 08:45:23 PM
 #240

High transaction fees can make some gamblers not to gamble for a while. However, gamblers that have good knowledge about crypto currency can easily deposit coins into their crypto betting account. Mostly if they have CEX, they can easily convert their Bitcoin into any stable coins that have a low fees for transactions. I also prefer to gamble with USDT than to gamble with my Bitcoin because Bitcoin is a good store of value in the future, that is why I can gamble with altcoins.
I also don’t like using bitcoin most times because I could just save my coin and continue using usdt, I could remember a topic about bitcoin and our approach towards bitcoin, bitcoin is an asset and we should treat it as one. It’s also not a must we should gamble always when bitcoin transaction fee gets high for those who feel the need to gamble always. Also most gamblers store their coin in an exchange or the betting site that’s understandable but, in most situation when a gambler is stranded with no option i will advice they wait for awhile.

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