help on selecting stablecoin for gambling site - page 2.

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Quote from: WalkerIVIV on May 21, 2021, 04:05:09 AM

Quote from: luckypiglive on May 20, 2021, 10:52:49 AM

Hey, I am developing a gambling site and I need advice on which stable coin to select. I am thinking about DAI, BUSD, or Tether. Which one has less fees on transactions? BUSD? any other suggestions?

Why don't you just use all of them?

What you need a stable coin that used the scalable platform. BUSD and USDT TRC20 is scalable enough because each transaction needs only a few cents as the transaction fees.

You can also use DAI that based on the BSD or polygon.

He can sure use all of the available Stable coins on the market and even though there is a fee for a particular stable coin I think it will not hit that hard like ERC-20 did, in my opinion, USDT, is the most notable stable coin that is mostly used for trading, gambling, and transfer because of its small fees and notable name, while XRP is well known aswell number 6 spot next to USDT, and mostly this is the stable coin I mostly used when transferring my funds to Binance, stake.com, and other apps I used when making transactions.

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Quote from: luckypiglive on May 20, 2021, 10:52:49 AM

Hey, I am developing a gambling site and I need advice on which stable coin to select. I am thinking about DAI, BUSD, or Tether. Which one has less fees on transactions? BUSD? any other suggestions?

Why don't you just use all of them?

What you need a stable coin that used the scalable platform. BUSD and USDT TRC20 is scalable enough because each transaction needs only a few cents as the transaction fees.

You can also use DAI that based on the BSD or polygon.

luckypiglive

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thanks guys. I think Ill use the tron and maybe ill convert it to stable coin in the end. and I will add the rest deposit methods as you advised. I will add all coins that my hardware wallet accept.

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Quote from: luckypiglive on May 20, 2021, 10:52:49 AM

Hey, I am developing a gambling site and I need advice on which stable coin to select. I am thinking about DAI, BUSD, or Tether. Which one has less fees on transactions? BUSD? any other suggestions?

Aside from ERC20, other options are also cheaper but go for TRC20 for a faster transactions and since many prefer this one on using in gambling. Good luck on your gambling site mate, I hope to see it soon and its also ok to add more deposit options especially altcoins like DOGE and LTC, they are also cheap though its not a stablecoin but gamblers would love to see that option too.

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Quote from: luckypiglive on May 20, 2021, 10:52:49 AM

Hey, I am developing a gambling site and I need advice on which stable coin to select. I am thinking about DAI, BUSD, or Tether. Which one has less fees on transactions? BUSD? any other suggestions?

Do the recent opportunity from the difference blockchain. There are so many competitors we have to minimize the transaction cost. Now I'm using Tether TRC-20 tokens but BUSD transaction costs are also low. But here both are centralized where DAI is better. If you have one option, then you can use Tether on Tron blockchain.

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Quote from: luckypiglive on May 20, 2021, 12:42:20 PM

My players has limited knowledge about the types of tether and generally the crypto. It must be something simple.

Tether (USDT) is a multi-chain token available on several different blockchains. It has been issued on a number of networks including Omni, Ethereum, Tron, EOS, Liquid, Solana and Algorand. The most common are USDT based on ERC20 protocol (Ethereum) and USDT based on TRC20 protocol (Tron).

Choosing one for your platform is entirely up to you.

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Quote from: luckypiglive on May 20, 2021, 03:11:17 PM

its a player vs player roylette and blackjack. its not exactly casino. I will just take fees from the games played and players will win each others money not mine.

At the first, I couldn't imagine how PvP on roulette game would be going. Meanwhile, after thinking about the possibility of the game whether is it would be something like betting on the color (black or red) or numbers (high or low), right?

Quote from: luckypiglive on May 20, 2021, 03:11:17 PM

It can accept all types of coins, however I was thinking about stable coins to be more easy for the players to know how much they are betting.

what do you think guys?

I think USDT is enough to fill up your main goal since it is available on both network erc20 and bep20 which is known to have low fees.
You can add more kinds of currencies if the platform getting lots of users and the demands to list another currency.

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Quote from: passwordnow on May 20, 2021, 01:54:14 PM

Can't you just add all of them for the preference of everyone and that's a good option if you're going to be with a stable coin? But if it's with USDT then I would agree with the trc20 protocol because of the fees.
AFAIK, there's also USDT for Bep20.

Quote from: TopT3ns on May 20, 2021, 11:28:14 AM

I think there are still some altcoins that you might be able to use because what you are looking for is very cheap transaction fees, such as TRX, which in my opinion currently still has a good chance.

I think he's going to build a casino that's focusing for with stable coins.

its a player vs player roylette and blackjack. its not exactly casino. I will just take fees from the games played and players will win each others money not mine.

It can accept all types of coins, however I was thinking about stable coins to be more easy for the players to know how much they are betting.

what do you think guys?

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Quote from: luckypiglive on May 20, 2021, 10:52:49 AM

Hey, I am developing a gambling site and I need advice on which stable coin to select. I am thinking about DAI, BUSD, or Tether. Which one has less fees on transactions? BUSD? any other suggestions?

DAI is the best of them all but in terms of fees, we know that DAI is an erc20 token which means in runs on the Ethereum network, and we all also know that fees on Ethereum network right now are crazily high, this automatically disqualified DAI.
BUSD is binance usd, this is also good but I wouldnt trust any stable coin coming from binance as we all know the the platform is highly centralized though the fees are very low when compared to other stable coins like DIA and erc20 USDT.
My suggestion is that if fees is not a major concern, then go with DAI as it is the best and most decentralized stable coin in crypto, but in a situation where fees is highly crucial, then I suggest you for with TRC20 USDT, this is USDT on tron network, tron blockchain have done alot of improvement lately and the USDT issued on Tron network is already very popular as it is one of the most used in exchanges now due it its extremely low fees, so better to go with TRC20 USDT instead of the ERC20 version.

passwordnow

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Can't you just add all of them for the preference of everyone and that's a good option if you're going to be with a stable coin? But if it's with USDT then I would agree with the trc20 protocol because of the fees.
AFAIK, there's also USDT for Bep20.

Quote from: TopT3ns on May 20, 2021, 11:28:14 AM

I think there are still some altcoins that you might be able to use because what you are looking for is very cheap transaction fees, such as TRX, which in my opinion currently still has a good chance.

I think he's going to build a casino that's focusing for with stable coins.

thesmallgod

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Since you are most concern about the fee, USDT TRC variant is the best. You already select the best base on the stable coin you have listed except you are considering other crypto that are non stablecoin

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It's not always about the coin that has the lowest gas fee, make sure that USDT is available on your platform and also few other stable coins too because some like DAI and some like USDC so anyone can use whatever stable coins they own without the need to swap them for another again

Kabul

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BUSD is a new coin with lots of potential. However, I believe gamblers prefer USDT among all because of the high volume and being familiar. Moreover, USDT has been built on various chain such as Omni, Erc20, Trc20 or Bep20. You can choose Trc20 for faster transaction with much lower fee

In conclusion, usdt is the best stable coin at the moment.

luckypiglive

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My players has limited knowledge about the types of tether and generally the crypto. It must be something simple.

Shikha99

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I would suggest you use TRC20 USDT because the current TRC has a lot of measurements for business and ERC20 is high fee.

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Quote from: luckypiglive on May 20, 2021, 10:52:49 AM

Hey, I am developing a gambling site and I need advice on which stable coin to select. I am thinking about DAI, BUSD, or Tether. Which one has less fees on transactions? BUSD? any other suggestions?

I think there are still some altcoins that you might be able to use because what you are looking for is very cheap transaction fees, such as TRX, which in my opinion currently still has a good chance.

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Tether has the highest trading volume, I will advice you to use it, let it support TRC20 USDT for low fee because the Omini layer and the ERC20 USDT have high fee but there is nothing bad to also included it.

luckypiglive

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Hey, I am developing a gambling site and I need advice on which stable coin to select. I am thinking about DAI, BUSD, or Tether. Which one has less fees on transactions? BUSD? any other suggestions?

Topic: help on selecting stablecoin for gambling site - page 2. (Read 275 times)