Topic: Considering huge transaction fees, what coins to support on new gambling site? - page 3. (Read 1943 times)
April 01, 2021, 07:17:26 PM
Yeah, many avoid Bitcoin and Ethereum a lot in cause of withdrawals due to the fees but using them comes with some advantage. Which is the fact that, they both have more liquidity than any other coin and comes with the best price offers across local banks on exchanges in cause of exchanging it for fiat on any exchange. This is from personal experience but then, its a benefit that could be tapped into afterwards through swapping of coins on a supported platform should you have withdrawn with a less valued coin like, XRP or LTC. Make no mistake, they are very much valuable as well.
April 01, 2021, 07:05:21 PM
LTC, DOGE, and TRX are the best options besides BTC or ETH...
transaction fees are really like 'raping' us especially ETH, that's really crazy. adopting other altcoins that are much more fee-friendly will be great for players and online casino owners so that neither party is harmed.
Withdrawing with BTC and ETH is like what many are avoiding these times. The prices are high and better to keep it rather than paying for the fees.transaction fees are really like 'raping' us especially ETH, that's really crazy. adopting other altcoins that are much more fee-friendly will be great for players and online casino owners so that neither party is harmed.
Those altcoins that you have mentioned are the total alternative coins that are really making their names as what they're described for being altcoins, just as in times like this when btc and eth transactions are expensive to pay.
April 01, 2021, 06:55:17 PM
With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?
The decisions are in the owners of the gambling sites themselves whether they will accept another cryptocurrency besides BTC or ETH or not.However, so far, there are many more gambling sites that wantonly accept those two. Yeah, the fee is really killing and sometimes it may really cut half of the profits from gambling or more.
Now, there are also other cryptocurrencies that re-accepted like XRP and XLM as the very affordable or low fee for transferring.
You may look at the links below to compare the sites:
https://www.gamblingsites.com/cryptocurrency/sites/
https://cryptomaniaks.com/latest-cryptocurrency-news/best-crypto-sports-betting-sites
April 01, 2021, 06:27:57 PM
Differing options are now becoming the next big thing when it comes to crypto gambling sites. It's not inevident to us that the current bull run had made the transactio fees so high it is impractical to still use such coins. I for one have heard about BTT from betfury being a very good alternative for the current giants that we have, I have yet to try it personally but with numerous good reviews, I am a bit confident that they are a very good placeholder.
April 01, 2021, 05:11:42 AM
This is the reason why they want to adopt the use of other coins because they want the different options for their users as you can see on most gambling platforms if not bitcoin and ethereum they support now the litecoin, ripple, and another coin which has a lower transaction fee but I didn't see yet a platform that supports the conversion of the bitcoin/xrp (for example) but just have a different wallet like the bitcoin itself if you want to deposit or withdraw. I think if the platform runs smoothly and run long-lasting they will not support other coins too.
April 01, 2021, 03:56:58 AM
With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?
LTC, DOGE, and TRX are the best options besides BTC or ETH...transaction fees are really like 'raping' us especially ETH, that's really crazy. adopting other altcoins that are much more fee-friendly will be great for players and online casino owners so that neither party is harmed.
March 31, 2021, 05:56:58 PM
I would suggest you guys to use DOGECOIN in any gambling site which makes it possible. Cause fees with Doge are undeniable low. Most websites I use have Bitcoin and Ethereum options although I pretty much hate using Ethereum right now. It doesn't look good. Just give feedback to gambling sites for them to use Doge.
If there's Doge I'll go for it, the hype makes it attractive to use in gambling sites, unfortunately, the two gambling site where I am very active are not using Doge, and another good alternative is Tron, I won a lot of Tron when it was still at 5 cents and now if you check the market it's on 9 cents now, it's good to use coins with good potential or getting a hype in the market, and Doge and Tron are two good examples.
March 31, 2021, 12:10:53 PM
Please have this thread locked. There is no point in repeating coins or tokens that were already suggested from page 1 to page 9.
walrusbite hasn't logged in for six days so he probably accomplished what he wanted here. Let's just wait for them to launch their gambling platform.
walrusbite hasn't logged in for six days so he probably accomplished what he wanted here. Let's just wait for them to launch their gambling platform.
March 31, 2021, 10:56:13 AM
With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?
In modern online casinos, in my opinion, it is advisable to use cryptocurrencies with good liquidity and low commissions.
Bitcoin and Ethereum currently have very high fees. Some experts believe that Bitcoin is no longer suitable for transactions with small amounts of money. Bitcoin is a potential global reserve currency.
However, I'm glad there are other (alternative) cryptocurrencies besides bitcoins. Dogez, LTC, XRP, Bitcoin Cash, Tron are well suited for modern online casinos.
Also various stablecoins.
Monero (XMR) is unfortunately not suitable, as the use of Monero is associated with certain technical difficulties.
March 31, 2021, 04:54:00 AM
Well, I have already switched to other coins for a long time when I feel that the bitcoin fee is too high. Moreover, using other cryptocurrencies is way faster than bitcoin and you can even split them into much smaller fees if you only have a small balance. Veteran gamblers are familiar with doge gambling and some casinos allow small wages such as $0.01.
I suggest you should use doge and ripples. They are all good currency. Ripple has long a reputable coin even though it has a bad impact from SEC recently but it has made a massive recovery from its grave. If you love the stability, usdt are also supported on several casinos
I suggest you should use doge and ripples. They are all good currency. Ripple has long a reputable coin even though it has a bad impact from SEC recently but it has made a massive recovery from its grave. If you love the stability, usdt are also supported on several casinos
March 30, 2021, 11:02:13 PM
The most popular choice for making payments in various gambling sites are - Bitcoin, Litecoin, Ethereum, Bitcoin Cash and USDT (perhaps in the decreasing order). A few of the sites also accept coins such as DOGE and ETC. I am surprised because very few of the gambling sites currently accept two of the most popular altcoins - Polkadot and Cardano. And Cardano is not a recent innovation. It is a few years old. I don't know the reason for low acceptance of ADA and DOT, despite the low fee levels.
March 30, 2021, 07:41:17 PM
With high transaction fees right now, gambling platforms have to provide alternative coins other than Bitcoin for deposits or withdrawals.
Because making withdrawals with BTC or ETH is no longer recommended at this time, When I use gambling sites now, I always check the coins
option on the gambling platforms first. If the gambling site does not provide a coin option that has a cheap transaction fee, then I will avoid
using that gambling site.
Because making withdrawals with BTC or ETH is no longer recommended at this time, When I use gambling sites now, I always check the coins
option on the gambling platforms first. If the gambling site does not provide a coin option that has a cheap transaction fee, then I will avoid
using that gambling site.
March 30, 2021, 07:29:45 PM
Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.
Even with that feature, those new gambling sites will take a long road before being recognized. In some cases, a gambler will still stick to their preferred gambling site disregarding fees as it's riskier to just try those new sites just because they support all coins.
But in the event that the site survived the hard part, surely it will gather more gamblers on their site. Not that easy though if we will look at how vast now the crypto-gambling world is.
That is somehow true. Gamblers will try new casinos, but they will only spend small amount of funds just to try out. But when it comes to high amount of deposits, they always go back to their old casinos. Because they are confident that they will not lose their funds for nothing. But yes, if these new casinos survive, then that's great. And it would take time to gain trust from the community. They really do need to work on it also.
March 30, 2021, 07:26:32 PM
With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?
Most gamblers that I know are currently adopting ETH big time. Just take a look at all the Youtube gambling channels, a lot of them use Exodus to hold their ETH.
BTC is sort of reserved for the few elite whales now, or for people who are willing to wait hours for their deposit to be finally credited to their accounts.
LTC/Doge also has some sort of a following, although certainly not to the extent of ETH. I would like to see IOTA being used given that it does not have any transaction fees, but not sure if their infrastructure is well developed enough yet.
March 30, 2021, 04:09:11 PM
Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.
Even with that feature, those new gambling sites will take a long road before being recognized. In some cases, a gambler will still stick to their preferred gambling site disregarding fees as it's riskier to just try those new sites just because they support all coins.
But in the event that the site survived the hard part, surely it will gather more gamblers on their site. Not that easy though if we will look at how vast now the crypto-gambling world is.
Also, there is also a reason why older casino still runs up until now no matter fewer changes and updates are done on their site as they have already built their Reputation around the gambling community. An example of a great gambling site is Primedice which has been on the gambling industry for quite some time now.
March 30, 2021, 04:00:28 PM
Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.
Even with that feature, those new gambling sites will take a long road before being recognized. In some cases, a gambler will still stick to their preferred gambling site disregarding fees as it's riskier to just try those new sites just because they support all coins.
But in the event that the site survived the hard part, surely it will gather more gamblers on their site. Not that easy though if we will look at how vast now the crypto-gambling world is.
March 30, 2021, 03:32:30 PM
We can suggest the new gambling site add altcoins to their site to help the gambler reduce the withdrawal fee if they use bitcoin or ethereum. With the increased price now, people feel not right with the fee, but they can not do anything except follow it.
Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee. That will be part of the promotion to attract more gamblers to visit and join that site. I am sure that will make gamblers like to stay on that site because they can have the good option to deposit on their favorite coins without paying a big fee if they want to withdraw their win money. Besides that, it can make it comfortable for the gambler and they will not leave that site because they do not want to deposit on the other site.
You wouldnt really be needing to trade it up and go into an exchange for you to make such conversion.For sure they would really be making more revenue with that but
i guess they would just simply make use of other providers or platforms.
Fees are the thing we do like to suppress and saved thats why we are really that keen when it comes to that.
March 30, 2021, 12:08:40 AM
We can suggest the new gambling site add altcoins to their site to help the gambler reduce the withdrawal fee if they use bitcoin or ethereum. With the increased price now, people feel not right with the fee, but they can not do anything except follow it.
Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee. That will be part of the promotion to attract more gamblers to visit and join that site. I am sure that will make gamblers like to stay on that site because they can have the good option to deposit on their favorite coins without paying a big fee if they want to withdraw their win money. Besides that, it can make it comfortable for the gambler and they will not leave that site because they do not want to deposit on the other site.
March 29, 2021, 05:05:59 PM
Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.
Not only that, they should have an internal swap or exchange. It's also a solution for most gamblers that find it hard to transfer and convert because they're too conservative about the fees. They exchange internally with the altcoins of their choice and move it to their own wallets with cheap fee.
compared if you do just simply make out some conversion on exchangers but if you dont like to experience the hassle then you should deal with it.
This isnt already a new feature because some of them had already the internal exchangers which you can anytime use depending on your needs.
This is a good option for those who want to find a solution and it only takes a few minutes to decide after the comparison for its fee.
March 29, 2021, 04:59:25 PM
Yes, new gambling sites can add altcoins withdrawal system. By following this, it may help them for marketing. It will be considered as a marketing tool for them which will help a lot to grow faster and also will he helpful for gamblers too. But we are doing withdraw with forcibly high withdrawal fee.
Not only that, they should have an internal swap or exchange. It's also a solution for most gamblers that find it hard to transfer and convert because they're too conservative about the fees. They exchange internally with the altcoins of their choice and move it to their own wallets with cheap fee.
compared if you do just simply make out some conversion on exchangers but if you dont like to experience the hassle then you should deal with it.
This isnt already a new feature because some of them had already the internal exchangers which you can anytime use depending on your needs.
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