Do any casinos offer cryptocurrency staking?

Lucasgabd

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There's no need to be upset

Quote from: fullhdpixel on August 18, 2021, 04:58:10 PM

Quote from: tippytoes on August 17, 2021, 05:35:58 PM

Quote from: Lucasgabd on August 16, 2021, 11:49:35 AM

I wonder why we don't see more of these smaller exchanges offering casino games too, could be something to add to their model
kucoin has something like that if I'm not wrong
do you know if this is correct?
some kind of betting and games part

and the closes we have are prediction markets on FTX but totally different thing

Have you checked the exchange crex24? They have games like dice, slots, bitcoin of fortune and others. They don't have not so good reputation from the forum but for all the years that I have used this exchange, just smaller trades, I haven't encountered any trouble. So I can't say anything bad to them. They also have investbox where you can stake different alts.

That's quite a news. I have used crex24 myself in the past bur from whatever faded memories I have about it, I remember it was a decent exchange but there was no gambling available that time.

I have almost stopped using exchanges after the recent KYC pressure from almost all the exchanges. I am not sure if they allow the staking of coins but it is just too risky to stake your coins at a centralized exchange. It's actually not even safe now days to leave your coins at centralized exchanges because half of them might close by the next time you visit them and half of them will ask for your selfie and other photoshoots.

I agree that the risk of keeping coins on a CEX has gone up lately with all the regulatory pressure
there are many opportunities with DeFi going on and you can probably get a better rate somewhere else anyways, CEX usually don't have the best rates on the market

ethereumhunter

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Quote from: mindrust on August 22, 2021, 08:10:24 AM

Quote from: ethereumhunter on August 22, 2021, 07:47:04 AM

~

The sats you are going to get from the faucet became too low like 4-5 sats. If you click 24 times a day and collect 5 sats, it would take 250 days to reach 30k sats. Since you can't do that, you can double that time and it will become 500 days. Since you are no bot and you'll miss your clicks every now and then, in practice, the reasonable time frame to collect 30k sats from the faucet is like 1000+ days. Means 3+ years.

Sounds like too much work to get 15 bucks man. Getting a day job is probably a wiser idea but don't ask me I'm no math genius.

Fortunately, I have some balance on my account that I collected a long time ago, so I am okay if I miss clicks every hour because that still earns some rewards. Yes, the rewards are not much but never mind because that is a free reward for me while waiting for the bitcoin price to rise. Once that time comes, I hope to cash out the sats and sell them at the exchange in the future.

Maybe that is not worth it for you but if we can earn more sats, I think that will be worth it in the future because we believe that bitcoin price will be at the highest price. After all, it is gambling that I can afford.

Quote from: Vishnu.Reang on August 22, 2021, 08:25:16 AM

Quote from: ethereumhunter on August 22, 2021, 07:47:04 AM

~

Do you guys really trust Freebitco.in? What if they run away with all these coins? I don't understand how their business can be viable. With fiat currencies, it is possible to get an interest, because they are not protected against inflation. The purchasing power goes down every year, and the interest payment is like a compensation for this decrease in purchasing power. But this logic is not applicable for cryptocurrencies that are protected against inflation. So how can they pay this 4% interest and still return a profit? I understand that Freebitco.in has remained in business for so many years.. but what is the guarantee that they are not just another Ponzi?

Yes, I still believe Freebitco.in. If the site runs away with all of these coins, I can accept that and consider that it is not my profit and I believe that my profits await me in other ways. I just only try, set and let it happen. The result will not be a problem for me.

With their reputation, I believe they will not scamming their members, especially their loyal members. After all, they have ANN here so we can contact them if we have a problem and I am sure they can solve it right away.

KTChampions

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Quote from: Vishnu.Reang on August 22, 2021, 08:25:16 AM

Do you guys really trust Freebitco.in? What if they run away with all these coins? I don't understand how their business can be viable. With fiat currencies, it is possible to get an interest, because they are not protected against inflation. The purchasing power goes down every year, and the interest payment is like a compensation for this decrease in purchasing power. But this logic is not applicable for cryptocurrencies that are protected against inflation. So how can they pay this 4% interest and still return a profit? I understand that Freebitco.in has remained in business for so many years.. but what is the guarantee that they are not just another Ponzi?

They earn on the fact that having cryptocurrency in their account, they can allow increasing the maximum bets in games. Taking into account the fact that the casino always wins at a distance, this guarantees an increased profit and allows them to pay a percentage to those who are ready to place their cryptocurrency with them.

Vishnu.Reang

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Quote from: ethereumhunter on August 22, 2021, 07:47:04 AM

I think sats below 30k will not get a reward but you can still earn sats from faucet to reach 30k so then you can get the reward. Freebitco.in is a recommended staking website so far. Although the reward is not bigger than the other site but that site still paying until now. I have some sats on that site and still getting a reward. Although the reward is small but I am okay with that. Hopefully, the bitcoin price can rise to the highest price so I can withdraw it and sell it at a profit.

Do you guys really trust Freebitco.in? What if they run away with all these coins? I don't understand how their business can be viable. With fiat currencies, it is possible to get an interest, because they are not protected against inflation. The purchasing power goes down every year, and the interest payment is like a compensation for this decrease in purchasing power. But this logic is not applicable for cryptocurrencies that are protected against inflation. So how can they pay this 4% interest and still return a profit? I understand that Freebitco.in has remained in business for so many years.. but what is the guarantee that they are not just another Ponzi?

mindrust

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Quote from: ethereumhunter on August 22, 2021, 07:47:04 AM

Quote from: Zilon on August 19, 2021, 10:52:50 AM

Quote from: mindrust on July 10, 2020, 12:42:01 PM

You can stake your bitcoins at freebitco.in.

Any amount bigger than 30k sats gets paid daily from the annual rate of %4

How about sats below $30k will it be annually it sounds pretty cool. I thinks it's a nice offer but owning $30k sat and staking it means the investor must have gathered enough fortune that's a whole lot of fund to risk down but 4% daily might tempt some one into borrowing just to stake and get this ROI daily

I think sats below 30k will not get a reward but you can still earn sats from faucet to reach 30k so then you can get the reward. Freebitco.in is a recommended staking website so far. Although the reward is not bigger than the other site but that site still paying until now. I have some sats on that site and still getting a reward. Although the reward is small but I am okay with that. Hopefully, the bitcoin price can rise to the highest price so I can withdraw it and sell it at a profit.

The sats you are going to get from the faucet became too low like 4-5 sats. If you click 24 times a day and collect 5 sats, it would take 250 days to reach 30k sats. Since you can't do that, you can double that time and it will become 500 days. Since you are no bot and you'll miss your clicks every now and then, in practice, the reasonable time frame to collect 30k sats from the faucet is like 1000+ days. Means 3+ years.

Sounds like too much work to get 15 bucks man. Getting a day job is probably a wiser idea but don't ask me I'm no math genius.

KTChampions

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Quote from: ShowOff on August 19, 2021, 12:20:56 PM

That is much more likely to happen than expecting the high interest on offer. The higher the interest offered, the more we should be able to raise awareness of scam attempt. It's almost like a ponzi investment that investors should absolutely avoid. But that doesn't mean the offer of a small interest can guarantee a completely safe investment. Everything needs consideration and if someone entrusts their bitcoin or crypto asset to someone else, then they must also consider all the risks as they no longer have full control over the invested asset.

This is a rather funny paradox - the interest that casinos (and other organizations) offer for a crypto loan usually does not exceed a few percent per annum. I'm talking about safe investments. But does it make sense to make such investments if the volatility of bitcoin is hundreds of percent per year and we simply will not feel such a return?

ethereumhunter

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Quote from: Zilon on August 19, 2021, 10:52:50 AM

Quote from: mindrust on July 10, 2020, 12:42:01 PM

You can stake your bitcoins at freebitco.in.

Any amount bigger than 30k sats gets paid daily from the annual rate of %4

How about sats below $30k will it be annually it sounds pretty cool. I thinks it's a nice offer but owning $30k sat and staking it means the investor must have gathered enough fortune that's a whole lot of fund to risk down but 4% daily might tempt some one into borrowing just to stake and get this ROI daily

I think sats below 30k will not get a reward but you can still earn sats from faucet to reach 30k so then you can get the reward. Freebitco.in is a recommended staking website so far. Although the reward is not bigger than the other site but that site still paying until now. I have some sats on that site and still getting a reward. Although the reward is small but I am okay with that. Hopefully, the bitcoin price can rise to the highest price so I can withdraw it and sell it at a profit.

bryant.coleman

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My opinion on this subject is that the casinos should focus on their main activity, rather then diversifying too much. I have seen a few of the exchanges offering casino games (such as Yobit). I would say the same for these exchanges as well. There is no need for any overlap. If we want to play casino games, then we will visit online casinos and if we want to trade/stake, then we'll go to the exchanges. Mixing these two doesn't work very well (as seen from what happened with exchanges such as Yobit).

ShowOff

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Quote from: panjul07 on August 19, 2021, 12:13:25 PM

If there is investment offer 4% daily interest, I would not dare to spend even a dollar because it is high likely a scam.

That is much more likely to happen than expecting the high interest on offer. The higher the interest offered, the more we should be able to raise awareness of scam attempt. It's almost like a ponzi investment that investors should absolutely avoid. But that doesn't mean the offer of a small interest can guarantee a completely safe investment. Everything needs consideration and if someone entrusts their bitcoin or crypto asset to someone else, then they must also consider all the risks as they no longer have full control over the invested asset.

panjul07

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Quote from: Zilon on August 19, 2021, 10:52:50 AM

Quote from: mindrust on July 10, 2020, 12:42:01 PM

You can stake your bitcoins at freebitco.in.

Any amount bigger than 30k sats gets paid daily from the annual rate of %4

How about sats below $30k will it be annually it sounds pretty cool. I thinks it's a nice offer but owning $30k sat and staking it means the investor must have gathered enough fortune that's a whole lot of fund to risk down

Why did you add $ on that number? 30k sats here = 0.0003btc so it is not that big money to spend for most people in this world who want to invest and get annual interest.
0.0003btc worth less than $14 at the current rate and you'll get annual interest about 0.00001224btc that will be paid daily 3satoshi.

Quote from: Zilon on August 19, 2021, 10:52:50 AM

but 4% daily might tempt some one into borrowing just to stake and get this ROI daily

Are you kidding? Do you think that it is possible for any investments to offer 4% daily interest?
If there is investment offer 4% daily interest, I would not dare to spend even a dollar because it is high likely a scam.

Zilon

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Bitcoindata.science

Quote from: mindrust on July 10, 2020, 12:42:01 PM

You can stake your bitcoins at freebitco.in.

Any amount bigger than 30k sats gets paid daily from the annual rate of %4

How about sats below $30k will it be annually it sounds pretty cool. I thinks it's a nice offer but owning $30k sat and staking it means the investor must have gathered enough fortune that's a whole lot of fund to risk down but 4% daily might tempt some one into borrowing just to stake and get this ROI daily

coin-investor

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The best gambling platform that offers to stake is BFG token I got my BFG when they launch their bounty campaign, I was one of the lucky bounty participants that got a lot of BFG token I'm still staking my BFG token and I'm getting 5 top coins, it's better than farming as long as you keep their token in their platform you are guaranteed to earn.

iv4n

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Quote from: ?? on ??

One more casino where we can use crypto currencies for staking is gg poker. There you can deposit money via crypto coins and they over a large pool of gamblers who are looking for staking. As far as I know we can only stake on poker games as of now. The good thing is that all the professional poker players from TV are playing there and they have tons of tournaments each week.

This is interesting! I just checked it out:

Quote

Buy a piece of your favorite players’ action or sell your own to spread the cost of your tournaments.

https://en.ggpoker.com/poker-games/staking-platform/

I must say I didn't know about this, but after reading more I am intrigued! And we can buy "actions" from more than just one player!

Did you try this?

electronicash

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Quote from: TheGreatPython on August 19, 2021, 02:02:00 AM

Quote from: Lucasgabd on August 18, 2021, 09:12:31 AM

Quote from: tippytoes on August 17, 2021, 05:35:58 PM

Have you checked the exchange crex24? They have games like dice, slots, bitcoin of fortune and others. They don't have not so good reputation from the forum but for all the years that I have used this exchange, just smaller trades, I haven't encountered any trouble. So I can't say anything bad to them. They also have investbox where you can stake different alts.

yes! I know about this exchange
its a bit more sophisticated version of Yobit so I understand it having lower reputation, but you are right, I think they never had problems before or scandals

any other exchanges like that that offer these kind of games?

Before I even touch the exchange and gamble there, can anyone who has played there confirm whether they have a provably fair system? I am asking because it gives me the same vibes as Yobit and we all know Yobit has been rigging results for the dice game. And Yobit has too many problems to discuss them anyway.

It's not a bad idea if a casino offers staking because gamblers always have some spare balance after a session of playing and no harm in locking them for short periods and earning yourself some free coins.

i have played in yobit dice before, it was along time ago but i'm not sure either whether it's fair. but it's probably just using the Random system too. they still are alive today despite the accusations against them. other exchanges that come up alongside them had already shut down like cryptopia and crypsy but they stay alive.

casino offering staking will be good if you are a gambler yourself. you can take time playing every day with the coins you receive every day.

TheGreatPython

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Quote from: Lucasgabd on August 18, 2021, 09:12:31 AM

Quote from: tippytoes on August 17, 2021, 05:35:58 PM

Have you checked the exchange crex24? They have games like dice, slots, bitcoin of fortune and others. They don't have not so good reputation from the forum but for all the years that I have used this exchange, just smaller trades, I haven't encountered any trouble. So I can't say anything bad to them. They also have investbox where you can stake different alts.

yes! I know about this exchange
its a bit more sophisticated version of Yobit so I understand it having lower reputation, but you are right, I think they never had problems before or scandals

any other exchanges like that that offer these kind of games?

Before I even touch the exchange and gamble there, can anyone who has played there confirm whether they have a provably fair system? I am asking because it gives me the same vibes as Yobit and we all know Yobit has been rigging results for the dice game. And Yobit has too many problems to discuss them anyway.

It's not a bad idea if a casino offers staking because gamblers always have some spare balance after a session of playing and no harm in locking them for short periods and earning yourself some free coins.

RokokGudangGaram

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I think most of them yes, normal casinos offers VIP bonus system but right now cryptocurrency based gambling casino offers now staking either you will earn their own token and get benefit from it such as dividends and other incentives. I was just curious what's more profitable and much safer, gambling site staking or the real staking like on DeFi staking or the one from exchange site staking which offers good APY too?

wheelz1200

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Quote from: DarkDays on July 10, 2020, 12:40:33 PM

There has been a lot of talk lately about which new features are important for cryptocurrency casinos to add;

The general consensus is that new games, deposit methods, chat features etc are expected from any good casino. But has anywhere actually began offering cryptocurrency staking options for accepted cryptocurrencies?

As far as I've seen, plenty of crypto casinos support deposits for stakeable assets like Tezos, Cardano, Tron etc, but I haven't seen a single casino that allows users to benefit from this feature.

Seems like a nice potential revenue option for casinos and its users... Just need to add a withdrawal delay that accounts for the staking period for those that opt in to the feature.

I don't know of any of them that would but I don't think many people keep their coins idle on a casino site. Either you are withdrawing/depositing or you are playing the games with your money. That's probably why none really have at this point.

fullhdpixel

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Quote from: tippytoes on August 17, 2021, 05:35:58 PM

Quote from: Lucasgabd on August 16, 2021, 11:49:35 AM

I wonder why we don't see more of these smaller exchanges offering casino games too, could be something to add to their model
kucoin has something like that if I'm not wrong
do you know if this is correct?
some kind of betting and games part

and the closes we have are prediction markets on FTX but totally different thing

Have you checked the exchange crex24? They have games like dice, slots, bitcoin of fortune and others. They don't have not so good reputation from the forum but for all the years that I have used this exchange, just smaller trades, I haven't encountered any trouble. So I can't say anything bad to them. They also have investbox where you can stake different alts.

That's quite a news. I have used crex24 myself in the past bur from whatever faded memories I have about it, I remember it was a decent exchange but there was no gambling available that time.

I have almost stopped using exchanges after the recent KYC pressure from almost all the exchanges. I am not sure if they allow the staking of coins but it is just too risky to stake your coins at a centralized exchange. It's actually not even safe now days to leave your coins at centralized exchanges because half of them might close by the next time you visit them and half of them will ask for your selfie and other photoshoots.

Pamadar

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Quote from: onecall123 on August 18, 2021, 10:21:06 AM

Quote from: tippytoes on August 17, 2021, 05:35:58 PM

Quote from: Lucasgabd on August 16, 2021, 11:49:35 AM

I wonder why we don't see more of these smaller exchanges offering casino games too, could be something to add to their model
kucoin has something like that if I'm not wrong
do you know if this is correct?
some kind of betting and games part

and the closes we have are prediction markets on FTX but totally different thing

Have you checked the exchange crex24? They have games like dice, slots, bitcoin of fortune and others. They don't have not so good reputation from the forum but for all the years that I have used this exchange, just smaller trades, I haven't encountered any trouble. So I can't say anything bad to them. They also have investbox where you can stake different alts.

Despite being a regular user of crex24 exchange, I have not notified their gameplay section. Although I'm not a huge casino fan, I love the thrill of casino gaming, and I'll definitely give Crex24 a shot. A small exchange, smaller traders, but running their service without much suffering. The words you use about crex24 are relevant, and such features might be welcomed.

After reading this post, I also check that exchange got some small amount of trx and play some dice.

This is a combination of trading and gambling, as they offer not only dice but other types of gambling that may attract traders to
play some while waiting for their trades, not safe for those who traders who have gambling problem as they can be burn their money
as quick as their trading positions.

onecall123

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Quote from: tippytoes on August 17, 2021, 05:35:58 PM

Quote from: Lucasgabd on August 16, 2021, 11:49:35 AM

I wonder why we don't see more of these smaller exchanges offering casino games too, could be something to add to their model
kucoin has something like that if I'm not wrong
do you know if this is correct?
some kind of betting and games part

and the closes we have are prediction markets on FTX but totally different thing

Have you checked the exchange crex24? They have games like dice, slots, bitcoin of fortune and others. They don't have not so good reputation from the forum but for all the years that I have used this exchange, just smaller trades, I haven't encountered any trouble. So I can't say anything bad to them. They also have investbox where you can stake different alts.

Despite being a regular user of crex24 exchange, I have not notified their gameplay section. Although I'm not a huge casino fan, I love the thrill of casino gaming, and I'll definitely give Crex24 a shot. A small exchange, smaller traders, but running their service without much suffering. The words you use about crex24 are relevant, and such features might be welcomed.

Topic: Do any casinos offer cryptocurrency staking? (Read 1622 times)