Yeah! this in-website exchange feature is really good. I don't think there are any other gambling websites offers this service. I really want other Casinos to adopt this idea as it is much helpful.
Actually some other site has in-exchange feature, so duckdice is not the only one who own it. Some of the site are bitsler and crypto-games, fortunejack had it in the past but they removed it. I have not checked the exchange feature in duckdice to be honest, so I cant say too much to compare. I'll check it later to see how it differs from other sites.
yep there are a lot of sites with exchange, but usually the rates take you like 5% of the real price, so if DD reduce this, it´s a really nice new
there are many sites that offer same exchange and they all have 5% + fees ,some more
bitsler,cryptogames,yolodice-all have an exchange on site
due to the volatile rates,exchanges have to take at least several % to provide instant automatic transfers
and be profitable,this is as much a service to the pundits as it is a source of profit for the site,so the owner doesn't end up losing out
if one or more of the currencies peak or drop value too fast and the gamblers take advantage of it dumping or buying coins before the price is refreshed
5% + fees is high actually. Of course we have house benefit, but we want to achieve it by performing higher amount of exchanges rather then with higher fees.
I see,realistically,it can be a source of income only if the volumes are high enough
what I suggest you do is register an account (if you do not have one already) at the sites I mentioned and check the % and the rates yourself
I know for sure yolodice takes 5% since it was mentioned in their thread
I find Bitsler's exchange the most convenient-it refreshes every 30 seconds,has 60k satoshi minimum and supports cross exchange of 13 different currencies
and the rates are decent to,compared it one day to both yolodice and cryptogames and the end sum was the highest,but I didn't run an extensive test and comparison ,of course
Basically they are always high because the gambling site role is not to be an exchange. If you want to change alot of coins then you should just use any exchange which have fees as low as 0.10% if you are a maker.
Also you need to keep in mind that most cryptos are crazy volatile. Even today look at BCH, it rose 10% in a few hours. And a few days prior, it lost 10% in a matter of a few hours.
If the site used a fee of 0.10% then they would need to hedge it immedaitely not to lose its value.
This is why most gambling sites, add this feature, and a few months later, they remove it because it doesn't really serve much gamblers.
