More payment alternative for the website could help.
I'm currently gambling with DOGE, XRP, and TRON, and any other high supply coins that are available in a certain gambling sites, they are helping me enjoy gambling since I don't have to pay a high transaction fee with these coins unlike bitcoin and ETH.
Topic: Considering huge transaction fees, what coins to support on new gambling site? - page 9. (Read 1943 times)
March 21, 2021, 06:49:19 PM
March 21, 2021, 06:47:46 PM
Not just the switching of deposit, I await some websites to allow their users an ability to exchange the btc/eth to low fee tokens and let them withdraw those tokens. I am aware of some gambling websites but they are charging more than average commission to let the exchange happen, so I keep waiting until a good amount in btc is gained and then i withdraw.
March 21, 2021, 06:41:34 PM
I would vote for Dogecoin or XRP but I know Dogecoin has been popular for gambling for a long time now because of transaction fee's.
And almost all of the old gambling site accepts it soI think the future gambling sites should consider it too.
I chose XRP because it is one of the cheapest withdrawal and transaction fee that I know in trading site haven't really tried it on gambling site.
And almost all of the old gambling site accepts it soI think the future gambling sites should consider it too.
I chose XRP because it is one of the cheapest withdrawal and transaction fee that I know in trading site haven't really tried it on gambling site.
even in gambling sites, those casinos with XRP option has low withdrawal fees not only in trading platforms. also, if you can find casinos with trx, eos and ltc, those are coins with very cheap fees. so instead of depositing btc or eth, you have other good alternative options of alts to play with. this is the advantage of gambling sites offering various options when it comes to alts. because not all gamblers can afford high fees. i guess a lot of crypto gamblers are small timers.
March 21, 2021, 05:30:49 PM
I would vote for Dogecoin or XRP but I know Dogecoin has been popular for gambling for a long time now because of transaction fee's.
And almost all of the old gambling site accepts it soI think the future gambling sites should consider it too.
I chose XRP because it is one of the cheapest withdrawal and transaction fee that I know in trading site haven't really tried it on gambling site.
And almost all of the old gambling site accepts it soI think the future gambling sites should consider it too.
I chose XRP because it is one of the cheapest withdrawal and transaction fee that I know in trading site haven't really tried it on gambling site.
March 21, 2021, 12:14:48 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?
Actually the transaction fees on bitcoin and ethereum was very high and sometimes the transaction fees are more higher to the amount that you want to make the transaction. What I would suggest is the XRP because due to this XRP has a low value and then the transaction fees here is also low so it is really suitable for us to use it to the gambling websites or platform to deposit in order for us to play and gamble. Still hoping that there will be more gambling websites that will accept like litecoin, dogecoin and other coins in order to deposit. March 21, 2021, 11:53:58 AM
Dogecoin has always been a popular choice and so has litecoin. Almost every casino that supports altcoins supports these two currencies. There are some coins with higher market caps but they are primarily used for smart contracts so not very many people use them for gambling. Doge and LTC's main purpose has been to avoid high fees. Doge is also very popular right now so you might as well take advantage of that since people will be looking for places where it is an accepted currency.
Popular and reputable gambling sites support these coins and I have been using them since we could save fees. It's more beneficial rather than Ethereum which has high gas fees. Shifting to potential coins with a lower transaction fee is the best choice that we can do especially during this ath. I hope that more gambling sites would accept and support more potential altcoins.
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March 21, 2021, 08:33:43 AM
Dogecoin can be added to your site if you want to build a gambling site besides having bitcoin, ethereum, and litecoin. But he can use the other low coin price, so when people come to his site, they can select the low coin price to gamble, which can benefit them. Dogecoin still the choice for many gamblers because they already used that coin a long time ago. But with so many low coin prices in the market, people can have another favorite coin such as Tron or others so that the site can add those coins.
March 21, 2021, 10:29:43 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?
Most of the casino platforms prefer to add top most cryptos listed on coinmarketcap as their deposit balance but still if they wish to do so they can add vast variety of coins for users ease and increasing customer base.1)XRP: $0.00078 fee, 4 seconds to confirm.
2) Litecoin: $0.041 fee, 30 minutes to confirm
3) Doge: $0.239 fee, 20 minutes to confirm.
4)TRON: average transaction fee of about $0.0000901.
5)EOS
March 21, 2021, 07:52:17 AM
With fees so high, I'm wondering if big gamblers are switching from BTC/ETH to other options. Is there any data on what's being used? With limited options, what coins should a new platform consider supporting?
I am not a big fan of binance because they seem to take over the whole crypto scene slowly but surely and a it's never good if you have one company that is dominating an industry.
That being said BNB woudl probably be a good candidate for casinos to put into their portfolio because the fees when you send BNB via binance smart chain are very small. Like 0,10$ per transaction.
March 21, 2021, 07:08:30 AM
I shift to Tron and Doge coin if not available I shift to coins that are available in the gambling sites, gambling sites should offer different coins, they are going to lose a lot of players if they insist on only offering Bitcoin and Ethereum, the huge transaction fee and the time to confirm is a big disappointment for players, I intend to use other coins until the transaction fee is fix.
March 20, 2021, 09:45:57 PM
[snip]
..if you cant just afford to pay up $10-20 for fee anytime you do make out withdrawal but if you are a whale then these kind of things wont really be an issue
Well, that amount of $10-20 is too much big here in my country if that is the amount that I am going to pay before I can gamble, perhaps I will not gamble or rather choose an alternative one. We have here a custodial wallet that supports XRP and we know that this coin has very low fees and it has the fastest transaction. Perhaps I will choose this if the fee of bitcoin is very expensive. Aside from XRP, DOGE is also has a good potential upon transferring the fund, because it has very cheap fees. Choose a gambling site that has supported altcoins like this, if they are not, just accept blindly the very huge fee of bitcoin...if you cant just afford to pay up $10-20 for fee anytime you do make out withdrawal but if you are a whale then these kind of things wont really be an issue
Yes, if you are worried about the fees, look for exchanges that have internal exchange, and have alts like xrp, doge, eos, or ltc. So you can exchange your coins with low withdrawal fees. Or better yet, look for gambling sites like EOS-based. I know dice.one casino has free withdrawal fee for EOS. So something like that. You can look for alternatives if you want to avoid the staggering fees of btc or eth.
March 20, 2021, 05:02:30 PM
[snip]
..if you cant just afford to pay up $10-20 for fee anytime you do make out withdrawal but if you are a whale then these kind of things wont really be an issue
Well, that amount of $10-20 is too much big here in my country if that is the amount that I am going to pay before I can gamble, perhaps I will not gamble or rather choose an alternative one. We have here a custodial wallet that supports XRP and we know that this coin has very low fees and it has the fastest transaction. Perhaps I will choose this if the fee of bitcoin is very expensive. Aside from XRP, DOGE is also has a good potential upon transferring the fund, because it has very cheap fees. Choose a gambling site that has supported altcoins like this, if they are not, just accept blindly the very huge fee of bitcoin. ..if you cant just afford to pay up $10-20 for fee anytime you do make out withdrawal but if you are a whale then these kind of things wont really be an issue
March 20, 2021, 04:40:36 PM
If you have already bitcoin I think there's no need to switch to altcoins, paying $2-3 for the transaction fee is doesn't matter to me as long as I can gamble using bitcoin and it is easy for me to convert fiat when I'm needed.
Regarding the bitcoin fees, yes that is too expensive but not all the time. Just like what happens now, bitcoin fee is below $1 and I think it is good to move your bitcoin on the gambling site and enjoy playing and betting. But if you really want to avoid the $2-3 fee altcoins are always a good to move but make it sure that it has supported in your local exchange so that you didn't get hard when trading it into fiat.
People should really have the time to check the network from the time they would really play gambling because as you said that not all the times bitcoins fee is high which means you can really still play just like into those normal days that you had done in the past.Its just for you to make some other option if you cant just afford to pay up $10-20 for fee anytime you do make out withdrawal but if you are a whale then these kind of things wont really be an issue but for small gamblers then those high fees would really hurt up your wallet thats why people would seek out for alternatives.Most gambling sites do offer now those multi coins which you can select on so it isnt really that much of a problem. Regarding the bitcoin fees, yes that is too expensive but not all the time. Just like what happens now, bitcoin fee is below $1 and I think it is good to move your bitcoin on the gambling site and enjoy playing and betting. But if you really want to avoid the $2-3 fee altcoins are always a good to move but make it sure that it has supported in your local exchange so that you didn't get hard when trading it into fiat.
March 20, 2021, 04:25:40 PM
If you have already bitcoin I think there's no need to switch to altcoins, paying $2-3 for the transaction fee is doesn't matter to me as long as I can gamble using bitcoin and it is easy for me to convert fiat when I'm needed.
Regarding the bitcoin fees, yes that is too expensive but not all the time. Just like what happens now, bitcoin fee is below $1 and I think it is good to move your bitcoin on the gambling site and enjoy playing and betting. But if you really want to avoid the $2-3 fee altcoins are always a good to move but make it sure that it has supported in your local exchange so that you didn't get hard when trading it into fiat.
Regarding the bitcoin fees, yes that is too expensive but not all the time. Just like what happens now, bitcoin fee is below $1 and I think it is good to move your bitcoin on the gambling site and enjoy playing and betting. But if you really want to avoid the $2-3 fee altcoins are always a good to move but make it sure that it has supported in your local exchange so that you didn't get hard when trading it into fiat.
March 20, 2021, 03:59:51 PM
Almost every user have mentioned it in their post. The token/coin that can be used with less transaction fee is Tron. I've used tron for the purpose of gambling, and myself experienced much faster transaction with very minimal fee. When we're in need of immediate fund deposit, then tron seems to be the right choice.
March 20, 2021, 03:51:26 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?
ETH does have big fees too currently at this moment which I say that it is much better to look for something alternative or cheaper this isn't the same into those years where ETH transaction doesn't really cost that much or the most preferable.
In this current situation or market condition then majority will really be eyeing out for Doge,Trx,Xrp and LTC when it comes to transaction duration and fees.
This moment, bitcoin fees aren't that high which I don't see problems on using it on point with my gambling habits.
March 20, 2021, 03:43:56 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?
As far as my gambling experience is a concern and especially if I really want to bet on a certain match (sports-betting), with BTC, I disregard transaction fees in most cases. Around BTC0.00002 as median should be fine regardless of BTC to USD price. Now to cover it, I just need to do everything to make my bets win. And obviously, the deposit should be somehow a decent amount and not considered as small transactions (should always be over or around $100 in my case).
It's just that I'm already used to it as I used mostly NitrogenSports for placing a bet before (not promoting the site) and BTC is the only payment method there.
But responding to the thread's subject, any coins will do, with reasonable fees while at the same time, fast confirmation time.
March 20, 2021, 03:42:39 PM
XRP, Doge, LTC, TRX.
These are the few altcoins that have a very less fee even though the market is on its bull run.
But for my choice, it could only be the two.
Doge or LTC.
These are the few altcoins that have a very less fee even though the market is on its bull run.
But for my choice, it could only be the two.
Doge or LTC.
March 20, 2021, 01:38:21 PM
Roobet just started to accept litecoin a few times ago, since their main currency BTC and ETH takes expensive transaction fees.
meanwhile, Betnomi has more cryptocurrency options. also, I saw their native token BNI as one of the options now.
IMO, stablecoin is a must. despite the negative narratives about stablecoin, people still use it. it's become the main pair on every exchange.
I believe every trader or cryptocurrency holder has stablecoin too. with stablecoin, the coverage of those casinos can be wider. because people can easily send it from the exchange.
of course, those casinos need to support TRC20 and BEP20 too.
I bet for fun, fees make it not fun. when there's no fun, why gamble then?
meanwhile, Betnomi has more cryptocurrency options. also, I saw their native token BNI as one of the options now.
IMO, stablecoin is a must. despite the negative narratives about stablecoin, people still use it. it's become the main pair on every exchange.
I believe every trader or cryptocurrency holder has stablecoin too. with stablecoin, the coverage of those casinos can be wider. because people can easily send it from the exchange.
of course, those casinos need to support TRC20 and BEP20 too.
I bet for fun, fees make it not fun. when there's no fun, why gamble then?
March 20, 2021, 01:35:45 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?
Based from my experience, whenever transaction fees in the market are surging, I switch to altcoins (specifically Dogecoin and XRP) for betting.
To be honest, you also have to understand that the more the price of bitcoin increases, the transaction fees also increase as this might also affect the price of altcoins. In addition, I also feel like that betting using your cryptocurrencies can be a waste due to their value also increasing. That is why, even if the transaction fees are low when you bet using bitcoin, I highly advise against such.
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