Topic: Can money be saved in gambling sites? - page 5. (Read 2415 times)

No one can provide a guarantee about this. All providers can change the T&C/ToS whenever they want. Therefore, saving amounts of money might be something that makes him regret it if in the end he has difficulty withdrawing his own money. After all, a legitimate service can go bankrupt or become a scam. So don't trust too much money to any party. saving in a conventional bank may be better if the person does not want to save it in crypto.

Money does not belong to you if you do not have control over it. You are mistaken if you think you can trust someone with your money. If you can leave your money on a gaming website, that means that the gambling website is in charge of it and you are not. Your money will be lost along with the gambling website if anything were to happen. No gambling site is too big to be hacked, and nobody is promising you a refund if something bad occurs to the gambling site. It's not a good idea to save money on your gambling website because that's not why they are created.

It's unfortunate that individuals can't set aside even a small amount of time for such a crucial duty, isn't it? It's similar to a safety net for your money, as you mention about the chilly wallet. Sending money back to a cold wallet after a little gambling fun is not difficult. However, everyone has an opinion, just like everyone has a nose. Some people believe that those few minutes are too valuable to waste

What if the gambling site (legitimate though it may be right now) turns the tables? radically alters its terms of service? There is no one who wants to catch that curveball. It would be a real bummer if the website held onto your money. It goes without saying that taking a few minutes to protect your money is time well spent. Don't you think it's a modest thing to pay for peace of mind? A win in my book is always having your money safely stored in your wallet

All this is logical and obvious for crypto users, but many people still use only fiat. For them, in fact, there is practically no choice: any non-cash form of storing money carries the risk that problems will arise with the one who holds this money. Storing cash also carries risks (not only theft but also other accidents, such as fire for example), plus if you really have a lot of money, you definitely won’t store it in a cash.

Same sentiments. For me it's plain stupidity to even think of putting your hard-earned money through a gambling website for you to save it. Because in the first place, gambling site isn't intended for that purpose. Gambling websites can be vulnerable and you might encounter bugs or even closing of account once your account goes dormant despite having big funds on it. And that will just bring you so much trouble. Additionally, gambling sites can file bankruptcy and close all at once without you even knowing especially those sites that aren't reputable in the first place. So you should really think many times before deciding to save on a gambling site. Banks or vaults are still the best options for me next to crypto portfolio.

Why would I want to risk it when I can easily keep my money safe in my wallet. I don't deny that some casino sites are good enough in terms of security but why would I keep my money on others. Moreover, it cannot be said that all the sites try to provide maximum security. Another thing we should pay attention when keeping money into casino sites that many of us try to recover the bet money when we lose the bet and for this we try to use the excess money so that we can quickly recover the loss and make profit. When we keep money in a casino site, the chances of getting into such problems are greatly increased.

Not most but no one would suggest saving a certain amount of money on a gambling site if the goal is to invest it better to save it in a personal wallet and in the cryptocurrency industry there are many platforms that we can use for that.
Maybe some people save money on gambling sites in amounts that are not too large with the aim that when assets experience an increase in price they can also increase the value of the assets they own so that they can provide additional capital for playing or betting, but something like this will be very risky.

No matter our background or beliefs site we use will still pose the same risks after all we can learn that there are several large sites that experienced problems and were closed by certain authorities.
Although most of the money is returned but I am sure no one here wants to experience such problems so it is better to avoid decisions that might be harmful or could give problems in the future.

Advice that may be useful and can provide a sense of comfort and calm is to use a place that can truly guarantee security for the amount of money we save.

Yes because it's another form of banking, and even if your government doesn't tell you to keep your money on a gambling website you can proceed and do the same, because it's your money. 

How can someone be so stupid that they decide to keep their money on a gambling web-site? Do you not know that it's even a risk depositing your fund on a gambling website? There are many fake casinos out there waiting for a convenient time to rug people of their money and you want to turn them into a bank?

You are free to do such because it's your money, if you believe that casinos are safer than your bank then good luck, as for me it's the stupidest thing I've ever heard of, the name casino even sounds a red alert to me because I know they are in for the business of making money, so anything is possible.

You don't have to be told that this will cost you a lot if care isn't applied to this, it's your money so you are free to keep them wherever you believe they will be safer.

That's what we have to do on gambling sites. By withdrawing the money, we won't worry about anything, including hacking that is still happening in the casino. We have to pay attention to the account and the money there so we can be calm when gambling. Moreover, by sending it to a private wallet, at least we can control our gambling so it doesn't exceed the limits. If the money is still there, we can be tempted to use the money to gamble because we will see the balance in our gambling account. That will put us at risk, especially if we use the money to gamble and lose it all. That would hurt.

True but people are lazy enough in doing it. They were not even willing to spend a few minutes on that thing. let's say their money will be much safer once they will able to send their money to their cold wallet.
I think that was not a difficult task but anyone has different opinion regarding. Some said a few minutes are still worthy time and that's the reason they were not willing to send back their money used for gambling to their cold wallet.
I meant if they were storing in a legit gambling site and that's not a problem at all but the main problem if the site can sometime change its TOS which will be also affecting the balance owned by the users.
Anyone was not willing to see that happen their money trapped into the site. That's better to spend a few minutes but we can secure a lot of our money. It's still worthy with the time as long as we will always having our money in our wallet.

You nailed it right mate. It's never a good decision to save your funds in a gambling site no matter how trustworthy it is. You don't know what awaits for that casino in the following days so never act as if you trusted it your whole life. And you don't know either if it will still be accessible in the next days after, if that happens, then all your savings will all be gone and you cannot do anything about it except to regret your decision because your decision making is very wrong.

Holding the money in the gambling sites was mostly not recommended one,if the gambling site was used by you was new one.Background verification of the gambling site was important before the usage of the site.So to hold the money also you need to the same gambling background verification.So the gambling site won’t close the gambling site and fly with your money.The gambler just spend 30 minutes to the real and fake gambling site.It’s better to use the old and trusted gambling sites.

It's not safe to keep your money on a gambling site because that's not your wallet; it's simply the gambling site's wallet and you can't control it. IMO it's much safer to immediately transfer any winnings to your own wallet in case you have a big win. Your personal wallet is the safest and most secure option. When you hold your money on a gambling site, you risk losing it if your account gets hacked or banned.

Why would anyone willingly give their control to centralized platforms of their own money? Are you 100% certain that the platform you chose will exist for a lifetime? Remember, anything could happen at any time when we are dealing with anything related to the internet. And not to mention that it is a centralized platform. It is advised to read every TOS before agreeing to them. I don't think anyone will choose a gambling site to keep money after reading them. There are tons of rules and regulations that need to be followed in order to even use the platform. So, my question again is, WHY?

Anything could happen to your account at any time. You are required to do some tasks before you can withdraw. You could be restricted from using your account at any time. I don't think it is the best way to save money for later use. And the gambling with it comes later.

We should always have it in our mindset that anything can happen to a gaming or gambling site no matter how big and solid is there reputation. Reputation is one of the first thing we need to consider when gambling but still yet we can still get scammed if we don't plan ourselves well and make sure that we make good decisions and follow our gambling plans. This will help us to take a preventive decisions so that we don't keep blaming ourselves for wrong decisions we have made that had caused us inevitable loses.

If the wallet from the trusted website like the Stake,my answer will be the yes.I will hold all my money in the gambling site itself.Because the money in the gambling site is safe,then it’s very easy to use the money for the immediate betting.Some website which doesn’t had enough security can be easily hacked by the gamblers.The oldest website was safe to hold the money for the longer period,the immediate use of money was the important one.If you keep the money in the gambling site,their will be less use of the money for the transaction fee.Only the people doesn’t have the capacity to control themselves will bet the huge money after the big balance in the gambling site.

yeah i meant so what i was trying to explain. We can transfer capital from our personal wallet to gambling sites which takes less than a second to complete. And this procedure is safer than keep fund on websites. Then why should anyone follow such risky step where account could be hacked, banned, or others issue. It actually doesn't bring extra benefit at all. Besides when anyone have higher balance in gambling site, it is difficult to manage. Cause that force to place more bets or bets with higher amount than the fixed one. So this idea doesn't suppose to be good one in my opinion

I have been telling people this and I will once again remind people that casinos are not wallets, in casinos people must play and there are rules in relation to gambling and in relation to deposits and withdrawals, for example when a person makes a deposit of 100$ in a very old and reliable casino, that person deposits 100$ in bitcoin, so when that person deposits 100$ in bitcoin the price of bitcoin is at 25000$ but in 2 or 3 days the price of bitcoin rises to 50,000$, being so the 100$ that this person deposited in the old and reliable casino becomes 200$, that person will be very happy because they managed to make their money double, but at the same time that person forgets something very important

So what did this person forget that I consider something very important? wagering requirements, this person will need to play at least 100% of the money they deposited in the casino, and the chances of losing everything are very high, and soon this person will start to complain and become desperate and could even put in more money to see if you win and you would lose again, that's because you would be playing without a plan and focus. Now there are ways for a person to make profits while also benefiting from the increase in the price of bitcoin and altcoins, this way is very similar to the money that remains in the wallet, but in this case the money would be in the casino acting as a temporary wallet

This strategy is very simple, the person needs to deposit money in bitcoin or altcoins in an old and reliable casino and also just deposit money that the person cannot afford to lose, in this case the person plays normally at the casino, while the person The person's balance will gain as it will be in bitcoin or altcoin, it will rise when the price of bitcoin or altcoin rises a lot. Of course, this also has a disadvantage when the price of bitcoin or altcoins drops a lot or if the person is not winning at the casino, then this strategy would be useless, but remember that this does not mean that they will be using the casino as a wallet, never. use casino as wallet to do long term hodl

Long time existing sites could really generate out that kind of feeling when it comes to trust and reliability on which it would really be just that so common action to be made out by someone if we do speak about
putting up our funds into them which if we are engaging into gambling then it should be fine but only for small amounts but on the time that you are making it already a storage or wallet then i should say that this is really a dumb idea or thing that to do because its not a wallet in the first place and this is something that you should really be putting up into your mind. People would really be just be that careful on the time that they would really be experiencing some disaster but never ever do such thing when they do deal off initially which it is really that a mistake. Gambling sites are really that used for fun and not a wallet
and this is something that should be put up into your mind.

People would really be just taking steps on the time that they would be wrecked up or on the time that they had lost money because of such foolish decision.Dont make yourself that easily
be believing that everything you do really engage with are safe. Risks could go into each side.

They are something that they sell, when we are in the first instance in an exchange or casino that is level 1A, then we trust in their advertising, especially the most novices trust in security advertising and everything, I can't say anything about some casinos that They have always maintained their composure in the face of events that seem too disastrous for them, because on occasions they have been hacked and their clients' funds are not touched, even if the casino or excahnge steals them, because they say that everything is fine and they are responsible for it, As I said, the Binance case was the most impressive Hacker case I have ever seen, and despite that the accusation came out, when in any case he could have given up and kept the funds of his traders, just as It is some recognized casinos in the forum, such as the case of stake.com, which is one of the casinos that was recently hacked and in a very professional manner it was reported, the activities there remained suspended for some time while something could be done and then They resumed activities as if nothing had happened, so these things are what we should see, that the security in some cases on the platforms is good, and despite that I still think that our money is our money when it is in our hands with our keys are private, the rest is not ours, that is something we know and that is assumed.

Some players, traders, I respect their decision to trust in sites, one of the sites that I have seen that is trustworthy is also bitcasino.io, freebitco.in, because they have a lot of things to develop, especially freebitco.in that they said too You can use your personal address as a wallet in which they give a good return, it is something that many can take into consideration if there is money there, of course it is each person's decision, but personally I already know that for me the best is what I own and is under my private keys.