Do any casinos offer cryptocurrency staking? - page 8.

ryzaadit

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

-snip-

Not a real stacking, just a dividend same as my previous explanation from me when you got a dividend paid with major crypto by holding their own token.

Quote from: mersal on July 11, 2020, 02:21:08 AM

4% return per year for staking bitcoin is really a great deal

My bank offer me a 6-7% annual rate for the deposit, so maybe if want to a long term deposit I looking some site more than rate bank offer to me.

Quote from: virasog on July 11, 2020, 03:42:36 AM

The profit rate is good if you want passive income only. If you are a professional trader , you can earn much more than this. If you have extra bitcoins and you don't want to put them in any active money making schemes or trading, then it is good to keep getting profits on it as a passive income.

Good one, if everyone can stick with 1% short trade each day you can earn 4-6% with only 4-6 days when we need to wait 1 year to get 4-6%. I believe 4-6%/years with a low investment not really worthy at all with the duration you need to be a wait but if you have huge money maybe thousand hundred dollars then really worth it for a safest investment.

virasog

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Quote from: mindrust on July 11, 2020, 02:12:08 AM

4% annual profits for bitcoins is a great deal. You don't get this rate for your shittokens, it is solid bitcoins.

The profit rate is good if you want passive income only. If you are a professional trader , you can earn much more than this. If you have extra bitcoins and you don't want to put them in any active money making schemes or trading, then it is good to keep getting profits on it as a passive income.

mindrust

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Quote from: mersal on July 11, 2020, 02:21:08 AM

do they offer guaranteed returns? What if casinos go bankrupt

Nothing in life is foolproof guaranteed. Your money in the bank is not guaranteed neither. It is not guaranteed even when your government guarantees it because governments can fail too. (see Cyprus)

That's why you have to manage your risks.

I wouldn't go all in there but it is definitely a good idea to get some daily sats.

mersal

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Quote from: mindrust on July 11, 2020, 02:12:08 AM

Quote from: DarkDays on July 10, 2020, 04:07:48 PM

Quote from: mindrust on July 10, 2020, 01:42:01 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%.

I don't trust deFi.

4% annual profits for bitcoins is a great deal. You don't get this rate for your shittokens, it is solid bitcoins.

Why would I stake a no hard cap supply shitcoin that gives 1000% annually but loses its value against the dollar by 2000%?

I'd rather take the 4% btc.

I don't know if there are other any other casino that offers guaranteed returns higher than 4% but you'll have to try very hard to convince me that it is not a ponzi.

Some of those casinos in this topic accept investors but the returns are not guaranteed. Probably a better investment than 4% in the long term but I cannot guarantee it. If a whale comes and deals big damage to the casino's bankroll, it will take long time to recover from it.

4% return per year for staking bitcoin is really a great deal and anyone holding bitcoin for years can go for it but do they offer guaranteed returns? What if casinos go bankrupt in the meanwhile time, so its kind of risky scheme to invest though.

But casino bankroll investments are more or similar to staking where we have more chance to get returns like 7% if the casino is extremely profitable in that year.

mindrust

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Quote from: DarkDays on July 10, 2020, 04:07:48 PM

Quote from: mindrust on July 10, 2020, 01:42:01 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%.

I don't trust deFi.

4% annual profits for bitcoins is a great deal. You don't get this rate for your shittokens, it is solid bitcoins.

Why would I stake a no hard cap supply shitcoin that gives 1000% annually but loses its value against the dollar by 2000%?

I'd rather take the 4% btc.

I don't know if there are other casinos that offer guaranteed returns higher than 4% but you'll have to try very hard to convince me that it is not a ponzi.

Some of those casinos in this topic accept investors but the returns are not guaranteed. Probably a better investment than 4% in the long term but I cannot guarantee it. If a whale comes and deals big damage to the casino's bankroll, it will take long time to recover from it.

noormcs5

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Quote from: ralle14 on July 11, 2020, 01:50:58 AM

I disagree, if you're looking to invest or leave your funds there's really no pressure to play their games except for the deposit rollover which only applies in certain casinos.

First if you have no intent to play gambling why would you leave your funds on gambling site who pay less interest on your bankroll ? Better invest in some legal investing agency where the interest rates are high and you get more profits.

Quote from: ralle14 on July 11, 2020, 01:50:58 AM

Maybe for others, they can't stop themselves from playing but for me when I used to invest in a bankroll my account only had a few hundred recorded bets.

Keeping the funds in one gambling site mean that whenever you need to play gambling you will play on that site and will not be tempted to play on any other site. This is another reason for the gambling sites to introduce investment schemes.

ralle14

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Quote from: noormcs5 on July 11, 2020, 01:27:59 AM

The only reason why casino would give you investment or staking opportunity because they want that we do not withdraw funds from their site so that we can play more. Freebitco is giving some little interest on the amount on your bankroll and therefore many people including do not cash out from there because we get some extra money by keeping our funds there.

I disagree, if you're looking to invest or leave your funds there's really no pressure to play their games except for the deposit rollover which only applies in certain casinos.

Maybe for others, they can't stop themselves from playing but for me when I used to invest in a bankroll my account only had a few hundred recorded bets.

noormcs5

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Quote from: ralle14 on July 10, 2020, 08:06:28 PM

Quote from: noormcs5 on July 10, 2020, 06:21:42 PM

Casinos are not banks where you stake your cryptocurrency. If you want to stake, there are other sites or exchanges which offer you such services. I con only think for freebitco.in which give you interest on the amount which you keep there on their site but this is just irrelevant as people go to casinos to gamble and not for the staking purpose.

Some of the sites that have a similar concept usually have lower returns that's why investing or staking could be a better alternative. Those services might seem better at first but knowing the risks are the same there's nothing wrong in trying casinos as well.

I've seen a few casinos put a small twist on staking by releasing a seperate coin and the only way to obtain them is by wagering a lot.

The only reason why casino would give you investment or staking opportunity because they want that we do not withdraw funds from their site so that we can play more. Freebitco is giving some little interest on the amount on your bankroll and therefore many people including do not cash out from there because we get some extra money by keeping our funds there.

Coin_trader

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Many of this kind of token staking in to casino are on EOS dapps. You can find there tons of casino that offers staking in cryptocurrency but I believe only limited to EOS based token.

The last time I'm using EOS platform when I'm gambling, there is a popular casino there that standout. IIRC, this is the casino https://www.dice.one/invest/bank

They offer a great deal in terms of interest.

iv4n

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Well betfury and wink are two tron gambling sites where you can gamble and get rewarded with their tokens, you stake those tokens and you get dividends. Betfury gives you trons, bitcoin, btt, usdt on daily basis. More tokens you have on staking, the higher the dividends are. If you didn't try it you should, but it's not so easy to make a million tokens for example, you need to wager a lot!

traderethereum

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Besides stocking bitcoin at freebitco.in, I don't know if there is a gambling website that allows for a stake in their website.
But maybe that is not staking but invest in the freebitco.in, but for me, the purposes are the same, and we can make a return from the stake or invest.
I prefer to use the wallet from the developer to stake the coin instead of using a web base because it is too risky, and we don't know if the website can online for a long time.
We will not have to worry if we stake in the private wallet because we can take control of that, and if something bad happens, we can know how to solve it.

shoreno

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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 .

ralle14

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Quote from: noormcs5 on July 10, 2020, 06:21:42 PM

Casinos are not banks where you stake your cryptocurrency. If you want to stake, there are other sites or exchanges which offer you such services. I con only think for freebitco.in which give you interest on the amount which you keep there on their site but this is just irrelevant as people go to casinos to gamble and not for the staking purpose.

Some of the sites that have a similar concept usually have lower returns that's why investing or staking could be a better alternative. Those services might seem better at first but knowing the risks are the same there's nothing wrong in trying casinos as well.

I've seen a few casinos put a small twist on staking by releasing a seperate coin and the only way to obtain them is by wagering a lot.

actmyname

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Quote from: noormcs5 on July 10, 2020, 06:21:42 PM

Casinos are not banks where you stake your cryptocurrency. If you want to stake, there are other sites or exchanges which offer you such services.

I don't like this take. After all, if a casino is not worth investing in, then why would the owners bother investing in the building, maintenance, and advertising of the site itself? With a number of 'strategy-based' casino games you can usually double the house edge due to bad play from casual players and you can easily see a significant profit from investing in the bankroll.

I recall Lutpin recording some of the monthly returns for Crypto-Games, and IIRC most of them averaged around 4% ROE - that's pretty significant.

noormcs5

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Quote from: DarkDays on July 10, 2020, 01:40:33 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.

Casinos are not banks where you stake your cryptocurrency. If you want to stake, there are other sites or exchanges which offer you such services. I con only think for freebitco.in which give you interest on the amount which you keep there on their site but this is just irrelevant as people go to casinos to gamble and not for the staking purpose.

bittraffic

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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.

DarkDays

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Quote from: dothebeats on July 10, 2020, 04:32:19 PM

A nice idea, but why would anyone want to entrust their tokens to a third-party platform rather than do the staking themselves?

The idea is that they can stake their assets while gambling at the same time, providing additional value players.

Plenty of people keep large sums in their casino wallets, might as well give them a way to turn a guaranteed profit on it.

Anything that can add value to the players should be implemented, especially when there are plenty of third-party solutions that would make this relatively easy to integrate.

dothebeats

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A nice idea, but why would anyone want to entrust their tokens to a third-party platform rather than do the staking themselves? I agree that polled funds and large bankrolls net larger stakes,but the risks involved are far greater than the reward. Why not directly invest these tokens into a platform's bankroll? The reward only comes to the hands of the casino owner and none for the player, which makes this feature or whatever less inviting than what you think it is.

Also, this would possibly involve a lot of technicalities for the casino operator, and may even lead to complications given that there needs to be separate wallets for different purposes. It would be a honeypot for the hackers, and would surely be targeted on most times.

I'm not questioning the ability of developers to do this, but I'm questioning the viability of this feature and the benefit of this for the users aside from the staking aspect, particularly on the way they play on the platform.

DarkDays

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Quote from: mindrust on July 10, 2020, 01:42:01 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.

Lakai01

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Quote from: ryzaadit on July 10, 2020, 01:49:51 PM

Anyway, using a third parties service for just do a stack was kind of dangerous thing same as exchange when you store the asset on them. Better to stack your crypto on your personal wallet, rent a VPS and just open your wallet. That's would be safe, rather than store your crypto on third service.

I don't see any reason why I should transfer my Tezos to a casino to stake them there. I as a player have absolutely no advantage, but the disadvantage that the coins are in a wallet that does not belong to me.
With big casinos - similar to Exchanges - there would even be the danger that they become very "powerful", especially with coins with governance, where you can actively influence future developments with your stakes.

For the sake of completeness ...
In addition to Freebitco.in, there are a handful of other casinos that allow an investment in the bankroll, such as Bustadice. Here the relevant part of the homepage:

Source

Topic: Do any casinos offer cryptocurrency staking? - page 8. (Read 1537 times)