Do any casinos offer cryptocurrency staking? - page 3.

cabron

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Quote from: STT on August 10, 2021, 07:04:06 PM

I have not heard of ETH staking at a casino, that was my first thought as that is starting to be a thing.
A casino should be relatively safe so long as they are established and making profit why would you want to go elsewhere, the company making money will surely continue and can justify the returns given to you. Exchanges are kinda similar but depends if you like to gamble or not. FBC recently setup a loyalty token and gives a return of between 45% and 10% currently if you choose to lock for some time, also they might enable gambling with that token if I remember right.

It might change now that ETH is POS. Most of the casino today that has staking option are from EOS and TRON, it's profitable somehow for those who can afford millions of the casino tokens. They could just sit back and enjoy like they own a casino cash cow. I'm not sure which is profitable whether joining bankroll or having a dividend distributing casino though but this is almost the same.

STT

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I have not heard of ETH staking at a casino, that was my first thought as that is starting to be a thing.
A casino should be relatively safe so long as they are established and making profit why would you want to go elsewhere, the company making money will surely continue and can justify the returns given to you. Exchanges are kinda similar but depends if you like to gamble or not. FBC recently setup a loyalty token and gives a return of between 45% and 10% currently if you choose to lock for some time, also they might enable gambling with that token if I remember right.

LUCKMCFLY

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Quote from: smyslov on August 08, 2021, 02:09:14 AM

Yes Bfg token I just started here and I'm getting 100 sats, some Ethereum, Binance and Tron, hurry up before the price goes up it is not listed in the market aggregator yet but it is already traded on Biswap, this is for me the best staking site, you can increase your number of BFG token by playing or you can use BFG token to play, although risky.

It is very likely that the price of the BFG will increase a little, although they are now listed on Hotbit, for many users they did not like the decision, but what is recallable about this is that this platform is offering passive income just by having the BFG saved, I think that in a short time the BFG will be in some more well-known exchanges, it may be Kucoin, and they are probably thinking of launching it to Binance, according to them, they want to have the token in the top 100 of CMC. As it is a token, it is likely that now it can react to the behavior of BTC, and BTC looks very bullish, as all altcoin will follow the direction of BTC according to the behavior and we could very soon see the value of BTC at $ 50k, if so the token can gain more value.

BuNga_cute

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Quote from: pawanjain on August 08, 2021, 02:27:27 AM

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.

So far I have only seen freebitco.in giving daily returns on 4% APY for bitcoin.

Although staking is a good option to get a passive income but why would anybody choose to stake on a casino website ?
For me the first option to stake would be the official platform by the cryptocurrency to stake. Second would be a reputed crypto exchange like binance.
Even an exchange should not be considered but in this case it would be better to stake on an exchange rather than a casino website.

I agree with you that crypto staking has been offered by many popular exchanges. So the casino owner doesn't think it's needed in the casino
features, because it is a fact that people join gambling platforms not to seek passive income, but rather to seek entertainment. I think online
casinos are more focused on improving service quality, adding new games and also increasing promotions. Let crypto staking be
the business of exchanges, because each platform has its own function.

hello_good_sir

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If by staking you mean investing in bankroll, then yes, there are quite a few casinos that offer this.

However, if you mean staking altcoins, I don't think that any casino pay out staking rewards on deposits for PoS coins.

There are a few casinos including EOSBet which does offer rewards for holding their native tokens though. Although these tokens are essentially equity in the business anyway, so I'm not sure what advantages you would get from holding a token rather than a percentage in their bankroll.

Lucasgabd

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Quote from: mindrust on August 07, 2021, 07:30:27 AM

Quote from: johhnyUA on August 06, 2021, 04:34:20 PM

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

You can stake your bitcoins at freebitco.in.

Shit, just want to tell the same thing about freebitco.in Grin

You deserve a merit from me.

But this is sad that such case is rare through such services. They using your deposited TRX, ETH and so on for their own purposes to get more income. The same as banks in real life, which using your money for loans to some other people/companies.

Thanks.

Quote from: ?? on ??

Beside the interest is no that high compare to its risk, though Freebitcoin is a good gambling site but still I don’t think its worth it. This is a normal scenario, if you invest on a gambling site they’ll use is as their funds and they’ll just give you small portion of their profit, better to invest with Bitcoin if the interest is too low for staking.

It is worth it unless you have something better that pays you more than 4% annually. 4% might sound like low but it is completely passive income. People get retired on that kind of stable income in the US. If you invest $500k worth of bitcoins, that would give you $20k annually. $1.65k monthly which is more than the minimum wage in the US.

for those who are used to crypto gains of 1000s% in a couple days or weeks 4% seems low, but as you say for a safe investment it may be ok, usually we see short term bonds paying this in many places.

for crypto and freebitcoin you have to add to the math how secure you think the website is, because there's always the risk they could run away with your money (which I don't think will happen) or be exploited.

pawanjain

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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.

So far I have only seen freebitco.in giving daily returns on 4% APY for bitcoin.

Although staking is a good option to get a passive income but why would anybody choose to stake on a casino website ?
For me the first option to stake would be the official platform by the cryptocurrency to stake. Second would be a reputed crypto exchange like binance.
Even an exchange should not be considered but in this case it would be better to stake on an exchange rather than a casino website.

smyslov

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Yes Bfg token I just started here and I'm getting 100 sats, some Ethereum, Binance and Tron, hurry up before the price goes up it is not listed in the market aggregator yet but it is already traded on Biswap, this is for me the best staking site, you can increase your number of BFG token by playing or you can use BFG token to play, although risky.

Cling18

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Quote from: ?? on ??

Quote from: Zilon on August 06, 2021, 12:34:29 AM

Getting an online casino that allow you stake your tokens with an annual revenue is a pretty sure deal and a cool way of diversifying your portfolios, but the challanging aspect will be that while your tokens are been staked you will not be allowed to place a bet on them. Its only profitable for gamblers with high stakes who can comfortably spread their deposits and still have enough to stake.

If we don't need our crypto coins for a while we could really think about using them for staking. I made some bad experience in the past with staking so I didn't try if for a while now. Have many people here on the forum made positive experiences with staking casinos? Has anybody lost some money with it? Usually I just gamble with my own coins and try to make some money like that.

I had a bad experience with it before and I wouldn't mention the site anymore. I have lost my coins which are supposed only for staking. From that experience, I realized that it's safer to hodl your coins in a safer wallet rather than staking it in a gambling site. I find staking in casinos risky these days.

JohnBitCo

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Quote from: Zilon on August 06, 2021, 12:34:29 AM

Getting an online casino that allow you stake your tokens with an annual revenue is a pretty sure deal and a cool way of diversifying your portfolios, but the challanging aspect will be that while your tokens are been staked you will not be allowed to place a bet on them. Its only profitable for gamblers with high stakes who can comfortably spread their deposits and still have enough to stake.

This is one way of marketing of the casino as at some casino they allow staking along with gambling. Since the competition is growing among the online casino, they tend to give more and more offers so more people come and play at their casino.

fullhdpixel

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

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 remember by the times of bitcoincash fork, I was holding some bitcoins with bitsler and they provided bitcoincash into my wallets in the equivalent of my bitcoin balances. I guess most other gambling houses also might be doing that but before that I have experienced such thing only with exchanges and online wallets.

Your point of staking feature in gambling houses while delaying is making sense but I am always against the practice of using online services as wallets hence when gambling houses start providing such a feature which will lead many people to use their casino as wallets which is the thing I hate with passion.

Rengga Jati

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Quote from: TimeTeller on August 06, 2021, 05:54:28 PM

Have you heard of betfury - https://betfury.io/? You can stake your BFG tokens and earn dividends in several coins.
You can get daily dividends in BTC, BNB, ETH, TRX, USDT.
This platform is popular to some gamblers here as they recently also offer BFG farming.

Yeah, Betfury gives us worthy staking of BFG.

Although the rewards seem to decrease compared to their first staking at a past time, at least, the rewards are still good enough.
We can save and stake BFG Token while playing of course. But, if we are going to withdraw in few big amounts, the transaction may be pending because it needs some checking and we will be emailed by them about clarifying where the amount comes from. But it's okay, they are responsible for it. And we can still continue staking there

mindrust

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Quote from: johhnyUA on August 06, 2021, 04:34:20 PM

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

You can stake your bitcoins at freebitco.in.

Shit, just want to tell the same thing about freebitco.in Grin

You deserve a merit from me.

But this is sad that such case is rare through such services. They using your deposited TRX, ETH and so on for their own purposes to get more income. The same as banks in real life, which using your money for loans to some other people/companies.

Thanks.

Quote from: ?? on ??

Beside the interest is no that high compare to its risk, though Freebitcoin is a good gambling site but still I don’t think its worth it. This is a normal scenario, if you invest on a gambling site they’ll use is as their funds and they’ll just give you small portion of their profit, better to invest with Bitcoin if the interest is too low for staking.

It is worth it unless you have something better that pays you more than 4% annually. 4% might sound like low but it is completely passive income. People get retired on that kind of stable income in the US. If you invest $500k worth of bitcoins, that would give you $20k annually. $1.65k monthly which is more than the minimum wage in the US.

just_Alice

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Quote from: dothebeats on August 06, 2021, 05:50:57 PM

Aside from freebitco.in that offers 4% per annum, I don’t know other platforms that offer such to their users. And now that I think about it, that’s another potential revenue for casinos. Perhaps they should just offer some form of bonuses to users who deposit stake coins, and I’m sure it wouldn’t hurt a lot to a casino that generates lots of revenues from the losses of their peers. They can do it like this: for X amount of days a stakeable token is sitting on an account, the user will be entitled for a Y bonus. It would encourage people to use stake coins, generate profit for the casino on the house edge + stake coins.

That’s intriguing if you put it that way, bonuses over a few days of staking sounds like a potential for real profit. Do you know any particular examples?

I trust freebitco.in, but, honestly, there’s not much motivation for keeping money on a website for 4% per year, I don’t even know why would people go for it. And other examples that people provided here are somewhat shady.

TimeTeller

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Quote from: dothebeats on August 06, 2021, 05:50:57 PM

Aside from freebitco.in that offers 4% per annum, I don’t know other platforms that offer such to their users. And now that I think about it, that’s another potential revenue for casinos. Perhaps they should just offer some form of bonuses to users who deposit stake coins, and I’m sure it wouldn’t hurt a lot to a casino that generates lots of revenues from the losses of their peers. They can do it like this: for X amount of days a stakeable token is sitting on an account, the user will be entitled for a Y bonus. It would encourage people to use stake coins, generate profit for the casino on the house edge + stake coins.

Have you heard of betfury - https://betfury.io/? You can stake your BFG tokens and earn dividends in several coins.
You can get daily dividends in BTC, BNB, ETH, TRX, USDT.
This platform is popular to some gamblers here as they recently also offer BFG farming.

dothebeats

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Aside from freebitco.in that offers 4% per annum, I don’t know other platforms that offer such to their users. And now that I think about it, that’s another potential revenue for casinos. Perhaps they should just offer some form of bonuses to users who deposit stake coins, and I’m sure it wouldn’t hurt a lot to a casino that generates lots of revenues from the losses of their peers. They can do it like this: for X amount of days a stakeable token is sitting on an account, the user will be entitled for a Y bonus. It would encourage people to use stake coins, generate profit for the casino on the house edge + stake coins.

Johnyz

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Quote from: Beparanf on August 05, 2021, 09:54:32 PM

I heard about new casino that will open up and offers staking and mining on there platform. They are currently on Beta phase launch but this casino will surely gonna blast because they offer cool incentive to there players. I just saw this on Hhampuz campaign so it caught my attention to review it.

Website: https://tfstoken.com/

This could be the best option if they successfully enter in the market, they are still on Beta which means many updates to come. Though it’s risky to trust them that early, I think its worth to try. I’ll try to research more about this new gambling site and since it is being introduce by Hhampuz, I’m quiet confident about this project, but still there’s always a risk. Staking with gambling site is a good passive income, i just don’t appreciate staking with your small capital.

johhnyUA

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

You can stake your bitcoins at freebitco.in.

Shit, just want to tell the same thing about freebitco.in Grin

You deserve a merit from me.

But this is sad that such case is rare through such services. They using your deposited TRX, ETH and so on for their own purposes to get more income. The same as banks in real life, which using your money for loans to some other people/companies.

Lucasgabd

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There's no need to be upset

freebitcoin offers some % return on your bitcoin there, not exactly a casino but also has gabling so its worth the mention
but isn't it better to go to proper staking or Defi solutions if you want to earn yield?

michellee

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Quote from: virasog on August 06, 2021, 02:40:11 AM

Quote from: DarkDays on July 10, 2020, 03:07:48 PM

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

Why would anybody be happy with an annual rate of 4% when practically every DeFi platform pays far more... even non-custodial ones.

I understand investing in casino bankroll is a good way to diversify your investment portfolios, but at least go for more than 4%.

Seems like some technical wizardry should allow people to bet their tokens while they're staked if the casino were to allow it. It could simply divide the wallet into two pools: staked and unstaked, ensuring people can only wager against either of these bankrolls.

Would like to see if any casino owner can chime in on why this hasn't been done yet.

I think no one keeps their bitcoin on freebitco for staking and getting the 4 percent annual profit. It's just a bonus which people get by having the amount in freebitco wallet. This also discourages people to withdraw the gambling profits as people get some Satoshi added in their wallet on daily basis.

Unless they do not mind using a small amount of bitcoin and let it for more than a year. But still, people can try to use freebitco.in to invest as freebitco.in is a trusty gambling site that operated for a long time ago.

But I feel it is not right to stake the coin at the web-base as the site can disappear anytime without knowing. That is the only risk that we should know before we stake or invest any coins.

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