Yeah, and cryptocurrency exchanges arent supposed to be used as bank also, but we all know how people care about that.
I dont intend to keep BTC on a gambling platform for ages. But tell me, how often you see people people deposit>gamble>withdraw their funds? Usually they make a deposit and keep it on a platform until they win enough or lose. I think a lot just keep their funds there until they win the amount they have set as a goal.
I can't see them because I do not have spyware installed on anyone's pc or mobile gadget to track down their activity.
I am just stating scenario that I always do whenever I am playing in any gambling platform. I know many people keep their funds in the casino but I don't.
This is exactly the problem. Too many people trust in centralized finance instead of decentralized finance and custodial instead of non-custodial wallets. The feeling that money is safer in someone else's hands other than yours is not true. But people still believe in their "gut feeling" of trusting a third party with their coins. Not a smart move, to be honest.
People have their own preference so we can't do anything about that, besides if ever things goes southward they are the one to bear the losses anyway.
Furthermore, it should be noted that casinos make it hard to gamble, withdraw, gamble withdraw and so on. Either you shave off a lot of money in withdrawal fees, or you could make the casino in question suspicious as to what you are trying to do.
Not really, I have been doing this deposit gamble withdraw stuff for years and I have not encountered any problem from the casino. And they don't make things difficult too since the same process is done every single transaction. Probably those account that make casino a mixing platform where they deposit huge amount of money, gamble a little then withdraw are the accounts that gets suspicious. Casino combat this kind of strategy by giving wagering requirement after a deposit before they can withdraw the funds.
I believe decentralized, non-custodial gambling is the future.
I think otherwise, because it is expensive to play when it happens, imagine paying tx fee every time you gamble?