Author

Topic: Bitcoin Casino that has Loans? (Read 419 times)

member
Activity: 114
Merit: 10
June 16, 2016, 08:41:47 PM
#5
You can probably be quite profitable doing this if you take alt coins as collateral and only accept 120% on the loan value as collateral. Most people will end up losing the money they borrowed to the casino anyway, then you end up making an extra 20% on the collateral.

Hmm that's an interesting suggestion. We'd risk the altcoins going down in price though if the market changes considerably, but I'll keep that in mind Smiley

Currently, no there isn't any that I can think of.

In the future, there will be.

I checked out your site and think it will be quite tricky for you as you seem to accept visa, neteller, and other fiat forms of payment.

Yeah, it would be a bit difficult for us, but if it would be something that's really in-demand, we may go for it Smiley

There isn't and its probably a bad idea to.Bitcoin lending platforms are not doing very great at the moment.A shit ton of scammers have to be dealt with everyday.You will have half the traffic for seeking loans rather than gambling ,bad thing for gamblers too.Maybe if a gambler on your website reaches a level such as staking minimum bankroll of 1BTC then he is eligible for loan of 0.10 concept is used,you can have a fair deal.

Hmm, that idea of a limited system might be good, but I think we'd still need to have some collateral. I think with that in mind though if we do end up offering loans we'll probably have restrictions on who can get them.

Thanks everyone! Smiley
hero member
Activity: 910
Merit: 1000
「きみはこれ&#
June 15, 2016, 05:51:43 PM
#4
There isn't and its probably a bad idea to.Bitcoin lending platforms are not doing very great at the moment.A shit ton of scammers have to be dealt with everyday.You will have half the traffic for seeking loans rather than gambling ,bad thing for gamblers too.Maybe if a gambler on your website reaches a level such as staking minimum bankroll of 1BTC then he is eligible for loan of 0.10 concept is used,you can have a fair deal.
legendary
Activity: 1330
Merit: 1000
June 15, 2016, 05:27:41 PM
#3
Currently, no there isn't any that I can think of.

In the future, there will be.

I checked out your site and think it will be quite tricky for you as you seem to accept visa, neteller, and other fiat forms of payment.
legendary
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
June 15, 2016, 04:24:48 PM
#2
You can probably be quite profitable doing this if you take alt coins as collateral and only accept 120% on the loan value as collateral. Most people will end up losing the money they borrowed to the casino anyway, then you end up making an extra 20% on the collateral.
member
Activity: 114
Merit: 10
June 15, 2016, 04:19:00 PM
#1
I've been getting a lot of feedback from users that they would like to see a lending feature on our casino. I'm not quite sure of it moving forward as we would need some sort of collateral to make sure that we don't lose money from handing out loans. Given that it's easy for users to just create new accounts, non-collateral loans are out of the question. Is there a casino out there right now that gives loans? I'm thinking of come quick collateral ideas right now but none seem to come to mind. Just ones that involve a long process and KYC (moving fiat to a bank account, etc.)
Jump to: