Do any casinos offer cryptocurrency staking? - page 6.

ethereumhunter

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Quote from: Finestream on July 19, 2020, 05:12:54 AM

As mentioned in the previous post, there are some casinos that has this kind of offer, but for me since I am not interested and I think it's risky, I would also not fall for this kind of idea, investing in a casino is already enough for me, and I am even hesitant knowing you'll only earn a small percentage of your investment based on what I've seen from those who share their investment venture here.

All people who invest in the gambling industry have their own luck. Some of them can make a profit, and even they can make a big profit from the investment. The others do not make a profit because of many factors behind that, but the luck factor will be the big factor in the investment. So if you want to try with the investment, you can use the money that you can afford, so you will not be sad if you are getting lose from the investment.

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Quote from: Finestream on July 19, 2020, 05:12:54 AM

Quote from: crwth on July 19, 2020, 03:24:50 AM

I think they are taking advantage of that type of earnings, making it a source of profit just by holding the cryptocurrency. Maybe if they integrated it with the vault type of feature and offered the use or a percentage, then perhaps they could try it as well. I don’t think I have played in a casino that has this kind of feature.

As mentioned in the previous post, there are some casinos that has this kind of offer, but for me since I am not interested and I think it's risky, I would also not fall for this kind of idea, investing in a casino is already enough for me, and I am even hesitant knowing you'll only earn a small percentage of your investment based on what I've seen from those who share their investment venture here.

It's a small percentage while you are storing you investment inside the house, the bankroll if continues to win will bring satisfying results,
while there's also chances that you'll find losses and it's not controllable you have to take longer time
while the house used you investment as their bankroll. Not that safe though but if aiming for longer
term still have a great chance to get a good outcome.

Finestream

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Quote from: crwth on July 19, 2020, 03:24:50 AM

I think they are taking advantage of that type of earnings, making it a source of profit just by holding the cryptocurrency. Maybe if they integrated it with the vault type of feature and offered the use or a percentage, then perhaps they could try it as well. I don’t think I have played in a casino that has this kind of feature.

As mentioned in the previous post, there are some casinos that has this kind of offer, but for me since I am not interested and I think it's risky, I would also not fall for this kind of idea, investing in a casino is already enough for me, and I am even hesitant knowing you'll only earn a small percentage of your investment based on what I've seen from those who share their investment venture here.

LogitechMouse

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Quote from: bittraffic on July 10, 2020, 04:57:24 PM

You can try buying the HASH tokens of BETHASH.IO from exchanges and stake them. The casino call it staking but you don't earn the same HASH tokens. By staking you will earn EOS, BTC, ETH, TRX and some whichever is in the pool within the day for they distribute the profit everyday as well. The bigger you stake the bigger the percentage you get from the pool. And yes you can then right away bet/play your earings too.

I've heard this site and I saw it when they conducted a bounty campaign. I invested in their ICO and it is the 2nd time I invested in ICO.

If you have many HASH tokens then you can just sit it there and it will stake daily. Mine's staking for around 5 months already I think (can't remember the exact since I don't open if often) and when I saw it, I got 3.7 EOS already and 6.2 TRX and some other coins Cheesy

. Not that much but to earn it for free, that is good already.

crwth

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I think they are taking advantage of that type of earnings, making it a source of profit just by holding the cryptocurrency. Maybe if they integrated it with the vault type of feature and offered the use or a percentage, then perhaps they could try it as well. I don’t think I have played in a casino that has this kind of feature.

semobo

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Quote from: Questat on July 14, 2020, 06:33:29 AM

I see, based on the replies above there are casinos that accepts staking, but personally I don't think I'll be ever attracted to that, I guess it's too risky, staking at a certain period of time, and I think choosing a bankroll investing is quite wiser than staking, that's just me though.

There is a difference between bankroll investment and staking, if some casinos allows you to stake you will get fixed amount as returns in the certain time period where as in bankroll the returns based on the success of casinos but I feel bankroll gives more profits than staking so yes its always choose the better return investment.

Akiko

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Quote from: Finestream on July 14, 2020, 07:06:43 AM

Quote from: btc78 on July 14, 2020, 06:52:16 AM

Staking is not that risky specially if you are betting in sites that is stable and known in this forum because the possibilities of scamming is not part of their game.

We never know until it happen, though they are very successful but we don't control them, we let our money sit in their platform so anytime they quite or scam us, everything will be gone. I am also not so familiar with staking in a casino but investing alone is already risky, staking is another risky thing.

Anyway, everyone of us has our own way of managing the risk, so I don't want to judge here, just commenting base on my opinion.

Yes, because you need to stay the balance on that gambling site for long to earn interest for your staking crypto . Its have the same risk investing in exchange which you don't know if they have a plan on scamming people or until when they can sustain to give interest to people . Since its gambling there is also possibility that the gambling can also lost its the same as you invest in bankroll.

Sadlife

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Most of that features is found in exchanges and one example is Yobit. So far the only gambling casino's out there that you can stake Bitcoin is Freebitco.in and Bitvest both can be a good investment platforms due to the fact that they're renowned, legitimate and has tons of good review.

peter0425

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Quote from: Finestream on July 14, 2020, 07:06:43 AM

We never know until it happen, though they are very successful but we don't control them, we let our money sit in their platform so anytime they quite or scam us, everything will be gone. I am also not so familiar with staking in a casino but investing alone is already risky, staking is another risky thing.

Yes that's right but at least those Old timer here in forum is more safer than those newly open site ,well that is what i think according to my observation and according to my experiences.

Quote

Anyway, everyone of us has our own way of managing the risk, so I don't want to judge here, just commenting base on my opinion.

Correct and that is just Play gambling if you have no good idea in This kind of casino offering,though there are good input from other experience that has been broadcasted here already some time ago.

Finestream

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Quote from: btc78 on July 14, 2020, 06:52:16 AM

Staking is not that risky specially if you are betting in sites that is stable and known in this forum because the possibilities of scamming is not part of their game.

We never know until it happen, though they are very successful but we don't control them, we let our money sit in their platform so anytime they quite or scam us, everything will be gone. I am also not so familiar with staking in a casino but investing alone is already risky, staking is another risky thing.

Anyway, everyone of us has our own way of managing the risk, so I don't want to judge here, just commenting base on my opinion.

btc78

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Quote from: Questat on July 14, 2020, 06:33:29 AM

I see, based on the replies above there are casinos that accepts staking, but personally I don't think I'll be ever attracted to that, I guess it's too risky, staking at a certain period of time, and I think choosing a bankroll investing is quite wiser than staking, that's just me though.

there are some sites like CryptoGames.net and Yolo dice if i am not mistaken who's offering Staking and there are certain account that is making their way into it now,if my memory serves me well.

Staking is not that risky specially if you are betting in sites that is stable and known in this forum because the possibilities of scamming is not part of their game.

But if you are not contented or satisfied in this promises then better keep away and just Gamble your money things that is more risky for sure.

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Quote from: Tipstar on July 14, 2020, 05:12:29 AM

Gambling sites doesn't use the word staking. But as they need the liquidity to make the margins high, many of them takes users investment as bankroll.

Using Investors money to build a much deeper bankroll to accommodate larger amount of wagers coming from whales and numbers
of gamblers that will use their platform.

Quote from: Tipstar on July 14, 2020, 05:12:29 AM

There are a number of popular gambling sites that accepts investment in bitcoin and other crypto as bankroll investment. Bustabit and Bustadice are one of the popular ones for bitcoin investment. Ethercrash provides investment in Ethereum while Yolodice also offers Litecoin and Dogecoin.

You can check those website to start investing your money, not in way of staking but in such way that you
are investing with house bankroll, it's passive especially
when the bank is winning.

Questat

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I see, based on the replies above there are casinos that accepts staking, but personally I don't think I'll be ever attracted to that, I guess it's too risky, staking at a certain period of time, and I think choosing a bankroll investing is quite wiser than staking, that's just me though.

Tipstar

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Gambling sites doesn't use the word staking. But as they need the liquidity to make the margins high, many of them takes users investment as bankroll. There are a number of popular gambling sites that accepts investment in bitcoin and other crypto as bankroll investment. Bustabit and Bustadice are one of the popular ones for bitcoin investment. Ethercrash provides investment in Ethereum while Yolodice also offers Litecoin and Dogecoin.

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Quote from: Shasha80 on July 14, 2020, 05:02:33 AM

I don't think it's a good idea to add the cryptocurrency staking feature in casinos. Therefore there are no casinos that offer
crypto staking options.The most important thing for casinos is to always update new games, chat features, variety of crypto
for gambling and security systems. That's the more useful thing, rather than adding the staking feature. If you want crypto
staking, you can use decentralized exchanges, it is much safer.

well indeed the casino is a little bad if you add the choice of risking with cryptocurrency but now if you use the original currency or other alternative it will make it difficult for participants who want to do casino gambling, cryptocurrency in my opinion is one alternative to playing casino.

imstillthebest

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Quote from: BitcoinTurk on July 13, 2020, 11:59:29 AM

Usually, there is only one suggestion I can make for you, as such services are very rarely offered in such offers. I think www.freebitco.in is the only service that is reliable, comfortable to use and you can benefit from the stake system without any problem. Here you can take advantage of the stake system using Bitcoin and earn a good rate of 4%. You can also increase your capital and stake earnings by earning additional income with the free services provided by this service by spending very little time daily.

i did use that site you said but i didnt knew that its called staking because the site didnt said that term but they only said that you can earn interest depending on the amount of balance you hold . the last part of your sentence mean doing faucet , am i right ? because faucet is the only safe way to increase our balance within thier site and we can also get a chance to win big on thier faucet if we are lucky . they have betting and lottery too but they are risky and you can loose some of your balance , the more you wanted to grow them .

Shasha80

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I don't think it's a good idea to add the cryptocurrency staking feature in casinos. Therefore there are no casinos that offer
crypto staking options.The most important thing for casinos is to always update new games, chat features, variety of crypto
for gambling and security systems. That's the more useful thing, rather than adding the staking feature. If you want crypto
staking, you can use decentralized exchanges, it is much safer.

Ucy

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I guess some avoid it to remain within their legal/safe/allowed limit.
Such feature will probably be more suitable for non-custodial type of staking or they go fully decentralized casinos mixed with staking to make things safer and tolerable.
Staking could make good/safe bettings more interesting and probably better, depending on coins used.

Timelord2067

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I can't recall having heard of any exchanges handling crypto that stake ever passing on the staked portion to those with the relevant crypto involved. I'm not sure I'd want to leave very much money on a Casino's website long enough for interest to be earned (unless of course I was an investor with an actual stake in the site).

ispace.co.uk set up a site that was supposed to pass on the staked funds to anyone storing funds on their site, but they just closed one day and walked away with both the invested and staked funds. The same can happen to just about any exchange or casino.

tbterryboy

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Quote from: alani123 on July 12, 2020, 07:35:55 AM

Quote from: shoreno on July 10, 2020, 10:43:54 PM

why would they do that ? whats the the purpose of gambling site in the first place ? only for playing a gambling . adding more features to it already removes its essence of a gambling place and people will get distracted . i dont see gambling site that supports staking yet but only investment feature . what more can we ask for ? i think this is enough . people can already earn in different ways but if they love staking then they should head on to a dedicated staking platforms and not on a gambling site .

I think OP is asking a reasonable question.
There are quite a few proof of stake cryptocurrencies and the since casinos can take them as an investment in the house, it means they're running a wallet also. Users entrusting the casino with a deposit in the house could also use it as a service to stake. It would be a win-win situation for those making waggers, the house as well as investors.

You are right but the problem might be that if casinos allow staking then gamblers would have to lock their funds for some time period and we all know when we are loosing we get desperate and it would feel like hell to have your coins but you cannot use it, this might be the reason casinos hesitate to allow players to stake their coins.

Actually another reason might be because there are many other options that allow staking so why would a casino offer those services. I mean it is like people use casinos as wallets often so if people start using casinos for staking too then it would be like casinos doing everything Grin

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