Topic: Is There Any Crypto Casino With An In-built Mini Crypto Exchange? - page 2. (Read 237 times)
December 16, 2022, 12:52:53 AM
Currently the reputable and trusted casino that has build in crypto exchange is bc.game, bitsler and cryptogames. I don't know what's your intention, but if you only want to use the casino as mixing service, your account will be flagged and you need to submit KYC to prevent money laundering. Just use the internal exchange for good purpose, you need to use the casino for gambling and there's a requirement to wager x times or amount in order to withdraw your coins without any problem.
December 15, 2022, 08:03:42 PM
I was also going to mention the table but anyway there's a bunch of casinos that have their own exchange it's just that they rarely get any promotion or visibility.
IMO the reason why they're not that common on most casinos is because there's a risk that it won't be profitable since their rates are always higher compared to regular exchanges and that amount of money is probably better spent on other things like marketing or promotions.
IMO the reason why they're not that common on most casinos is because there's a risk that it won't be profitable since their rates are always higher compared to regular exchanges and that amount of money is probably better spent on other things like marketing or promotions.
December 15, 2022, 07:59:58 PM
In the past Stake had the feature to convert the coins we have in our wallet to the one we wish to play with. Now this feature have been taken away. The swap function has also got limits, that we can't convert free of charge as well as specified volume needs to be availed to swap. If required the available option is to withdraw to an exchange and deposit it back. It is a big process. Almost every platform have provided the access to buy cryptocurrency, which can be used.
December 15, 2022, 07:59:29 PM
I think most of crypto gambling sites that offer multiple coin options do have some sort of exchange system within their platform. Although if you're talking about exchanges that offer trading and investments, that could hardly come by because that is a subfeature that could potentially cost them more than the gambling side of their business itself. I think established gambling sites like Duelbits, Betfury, Stake, and many others have this feature built into their platform as it helps customers like you who oftentimes find themselves using the wrong coin for the wrong games. Although in the case of you wanting to easily exchange your bitcoin to usdt. You just need to acquaint yourself to their platform I guess.
It should be embedded within the platform. Casinos that have multiple coin options within their platform should enable fast swap in order for it to not be a hassle to the gambler. They can easily integrate it given that they already have the wallets for those coins, just the balances being transferred from 1 account to another. It doesn't necessarily have to be a full-pledged exchange, just some seamless changing between 1 coin to another.
December 15, 2022, 07:59:09 PM
They will be subjected to the usual crypto-exchanges terms and policies if they will build a mini-crypto exchange.
Might also be the reason for much strict policies regarding KYC.
If we like to gamble with USDT or SHIBA, just deposit these coins next time for comfortability.
We are the one who needs to adjust and not the gambling sites.
Might also be the reason for much strict policies regarding KYC.
If we like to gamble with USDT or SHIBA, just deposit these coins next time for comfortability.
We are the one who needs to adjust and not the gambling sites.
December 15, 2022, 07:48:31 PM
I've been playing a lot from different gambling casino and base on my experience I'm only seen the stake.com has this feature. I always have a BTC for the transactions and by that time, the gas fee is so high that I make an exchange to the other coins has a low transaction fee like the XRP and LTC. I do this consistently in stake when I won or want to cash out to my game play which is more convenient than making a transfer again, and exchange then make a withdrawal again it takes a lot of fees and hassle to deal with.
December 15, 2022, 07:43:17 PM
I think if there's a coin exchange conservation directly on the gambling site, it will affect the number of coin reserves per coin wallet if there will be a massive conversion that will take place not unless the gambling site will put a limit on it per user. Especially, if the rates are good, that might be taken advantage of by some users that won't actually play on that site but rather just enjoy the good exchange rates.
That also requires other work for gambling sites since, in the first place, they should prioritize only their gambling side operation and nothing else.
What's also the use of allowing and supporting different coin deposits on their platforms, if at the end, they will allow their users to exchange it on other coins? The best thing would be, just deposit what you think is the good coin to be used.
Another important example is my current signature Ad payer, am paid bitcoin into my stake.com account, there are times I wish to gamble with part of my earning but wished there was a way to convert that bitcoin to usdt so that I know exactly the amount (in usd) am wagering away.
Wallet Settings > Display in Fiat
That example seems not also make sense to me since that's the payment system of the signature campaign you have joined and you agree with it.
December 15, 2022, 07:21:25 PM
Why there is no exchange in gambling/casino? Probably because it will require another license to operate as an exchange especially for a usdt pair. For simply bitcoin to other non-usd peg alt, i guess that's okay but it will require another resources to build since its not built-in feature for an casino-software.
I personally hate to gamble with bitcoin, because I could be gambling away 0.05 btc and it appears small, but when converted to usdt, that's a really big amount, this is why I prefer to gamble using usdt, or shiba or TRX, which give me clear indications of what am staking and could possibly lose.
For simple conversion, just google it or other converter site in your new tab. I will consider it as simple way alternative than demanding new feature for a business, although it might be a good feature but it's not inline on their software. 
December 15, 2022, 07:15:41 PM
@OP, you may want to take a look at this thread i created -
LIST Gambling sites with internal exchange
however, been a while that i've updated this thread. check also some conditions that you need to meet before exchanging any coins, some have minimum amt that you can exchange or need to attain certain level before you can use their internal exchange.
but for the OP to know the amount in USD value while betting or playing, what Fivestar above suggested is helpful. i also do that from time to time to know the amount in usd i am using for my bets.
LIST Gambling sites with internal exchange
however, been a while that i've updated this thread. check also some conditions that you need to meet before exchanging any coins, some have minimum amt that you can exchange or need to attain certain level before you can use their internal exchange.
but for the OP to know the amount in USD value while betting or playing, what Fivestar above suggested is helpful. i also do that from time to time to know the amount in usd i am using for my bets.
December 15, 2022, 06:59:22 PM
But this could make their platform complicate things if they include this one? I think it's not worth for them if they are going to include as it might add another overhead cost for them.
Majority of them have like the features wherein you can "exchange" it to dollar value when you play like slot so you can see how much money you still have when playing and then immediately convert it back when the value loses. So when at the start you have x amount of BTC, then obviously if you losses some on the dollar value then the value of BTC also goes down for you.
I believe everything that is new in our eyes create a sense of confusion, and might complicate things around as you’ve said. Yes, it will increase their expenses but if that will make the players stay on them, I guess it deserves to be tried. However, if the casino has other plans other than that, then it’s best for the casino to stay in focus on improving its casino’s services than to venture into something new that might be not of their willingness or availability of funds. Majority of them have like the features wherein you can "exchange" it to dollar value when you play like slot so you can see how much money you still have when playing and then immediately convert it back when the value loses. So when at the start you have x amount of BTC, then obviously if you losses some on the dollar value then the value of BTC also goes down for you.
December 15, 2022, 06:49:38 PM
But this could make their platform complicate things if they include this one? I think it's not worth for them if they are going to include as it might add another overhead cost for them.
Majority of them have like the features wherein you can "exchange" it to dollar value when you play like slot so you can see how much money you still have when playing and then immediately convert it back when the value loses. So when at the start you have x amount of BTC, then obviously if you losses some on the dollar value then the value of BTC also goes down for you.
So far, I have not played in a casino yet where there is a crypto exchange. Although that seems more advantage too, but it could take more capital too for a casino to create an in built exchange. I have only experienced just like with dollar exchange but not with crypto. But if it will attract more customers to play, then I think that’s a good idea casinos should start to embrace. Majority of them have like the features wherein you can "exchange" it to dollar value when you play like slot so you can see how much money you still have when playing and then immediately convert it back when the value loses. So when at the start you have x amount of BTC, then obviously if you losses some on the dollar value then the value of BTC also goes down for you.
December 15, 2022, 06:38:07 PM
Alot of times I've deposited bitcoin into a crypto casino but then realized I could have deposited usdt or Shiba or even TRX instead, and I begin wishing there was a way to convert or exchange my bitcoin balance right inside the casino, to one of those coins I mentioned, without having to withdraw my bitcoin back to a crypto exchange, thereby saving me from reducing my bitcoin balance through paying the withdrawal fee.
There is a crypto casino with such a feature?
Would be really great to see some of the top crypto casinos on this forum consider adding a mini crypto exchange to their platforms, to enable gamblers switch between coins easily,
This could also act as another source of revenue for the casino if they decide to charge a small fee for such services.
Maybe there are a few casinos out there with this feature but I do not think many casinos are going to offer that service, and the reason for this is that if a casino began doing this and eventually the government where they have their license finds out about it they will know that they are performing services similar to what an exchange can do without the necessary license to do it, so they will get in all kind of legal troubles over a feature that while nice is not an absolute must for them, so in their opinion most likely it is not worth it to implement such a feature.There is a crypto casino with such a feature?
Would be really great to see some of the top crypto casinos on this forum consider adding a mini crypto exchange to their platforms, to enable gamblers switch between coins easily,
This could also act as another source of revenue for the casino if they decide to charge a small fee for such services.
Yeah, this one, as much as casino's might want to include it in their platform, but it will be treated differently as far as legality goes. So it will be very difficult for them as they might be treated differently by regulators or those who issue gambling licenses.
So it's really up to us gamblers, how and learn to convert it in our head or uses the tools that casino provided us without the 'actual exchange' of the coins instead.
Legally and cost could be the main reason why they are not willing to include this one, unfortunately.
December 15, 2022, 06:32:25 PM
I personally hate to gamble with bitcoin, because I could be gambling away 0.05 btc and it appears small, but when converted to usdt, that's a really big amount, this is why I prefer to gamble using usdt, or shiba or TRX, which give me clear indications of what am staking and could possibly lose.
Regarding your gambling experience in Stake.com and you want to know the exact amount at risk when you are gambling, there's a FIAT DISPLAY VALUE there so you will able to control the staked value instead of referring to BTC.
I don't think there's a gambling site that has the direct conversion of their supported cryptos.
Since such a service doesn't exist much, try to deposit your preferred coins starting now. If you are too concerned about bitcoin withdrawal fees on the payment you are receiving on the Stake signature campaign, then don't withdraw it regularly.
December 15, 2022, 06:09:27 PM
Alot of times I've deposited bitcoin into a crypto casino but then realized I could have deposited usdt or Shiba or even TRX instead, and I begin wishing there was a way to convert or exchange my bitcoin balance right inside the casino, to one of those coins I mentioned, without having to withdraw my bitcoin back to a crypto exchange, thereby saving me from reducing my bitcoin balance through paying the withdrawal fee.
There is a crypto casino with such a feature?
Would be really great to see some of the top crypto casinos on this forum consider adding a mini crypto exchange to their platforms, to enable gamblers switch between coins easily,
This could also act as another source of revenue for the casino if they decide to charge a small fee for such services.
Maybe there are a few casinos out there with this feature but I do not think many casinos are going to offer that service, and the reason for this is that if a casino began doing this and eventually the government where they have their license finds out about it they will know that they are performing services similar to what an exchange can do without the necessary license to do it, so they will get in all kind of legal troubles over a feature that while nice is not an absolute must for them, so in their opinion most likely it is not worth it to implement such a feature. There is a crypto casino with such a feature?
Would be really great to see some of the top crypto casinos on this forum consider adding a mini crypto exchange to their platforms, to enable gamblers switch between coins easily,
This could also act as another source of revenue for the casino if they decide to charge a small fee for such services.
December 15, 2022, 05:59:08 PM
This might not be their priority to innovate because they are a casino after all so better for them to improve their system than to focus on anything that is not their business. Casinos without having their own exchange are still fine as long as there’s a good bonuses and promotions with that site for sure gamblers will not look into this kind of update anymore.
Well, it’s not wrong if a casino will also try working on a crypto exchange that I think will make the gamblers more satisfying when it comes to their in built service. Although it’s not their focus, but it’s also part of wise improvement that will eventually bring more customers on their site, because believe it or not, it will certainly become a trend in the future so adopting it in advance would bring more advantage to the casino itself. 
December 15, 2022, 05:51:39 PM
I played at fortunejack casino a few years ago but I don't know if the crypto exchange is still there or not because I don't play there anymore, try going there to take a look, I haven't seen any other casino have this kind of exchange feature if there is maybe a 3rd party like this use tip bots, but you should avoid that way to worry about fraud or prevent your account from being detected by multiple accounts
December 15, 2022, 05:42:31 PM
This might not be their priority to innovate because they are a casino after all so better for them to improve their system than to focus on anything that is not their business. Casinos without having their own exchange are still fine as long as there’s a good bonuses and promotions with that site for sure gamblers will not look into this kind of update anymore.
December 15, 2022, 05:41:03 PM
But this could make their platform complicate things if they include this one? I think it's not worth for them if they are going to include as it might add another overhead cost for them.
Majority of them have like the features wherein you can "exchange" it to dollar value when you play like slot so you can see how much money you still have when playing and then immediately convert it back when the value loses. So when at the start you have x amount of BTC, then obviously if you losses some on the dollar value then the value of BTC also goes down for you.
Majority of them have like the features wherein you can "exchange" it to dollar value when you play like slot so you can see how much money you still have when playing and then immediately convert it back when the value loses. So when at the start you have x amount of BTC, then obviously if you losses some on the dollar value then the value of BTC also goes down for you.
December 15, 2022, 05:29:03 PM
I think most of crypto gambling sites that offer multiple coin options do have some sort of exchange system within their platform. Although if you're talking about exchanges that offer trading and investments, that could hardly come by because that is a subfeature that could potentially cost them more than the gambling side of their business itself. I think established gambling sites like Duelbits, Betfury, Stake, and many others have this feature built into their platform as it helps customers like you who oftentimes find themselves using the wrong coin for the wrong games. Although in the case of you wanting to easily exchange your bitcoin to usdt. You just need to acquaint yourself to their platform I guess.
Actually, it is not a common feature of any gambling platform or casinos out here. I've tried a lot of gambling platform that has an ANN thread on the forum, and I can only remember doing such a thing to only one gambling site. Unfortunately, I cannot remember what casino it was, but I was able to deposit BTC and convert it to USD and then to another cryptocurrency that they accept on the platform such as XRP since it has one of lowest transaction fees and the most convenient crypto for me to withdraw on. About the exchange feature that you're talking about, I don't think there's a casino that has it since it is not an exchange platform. You can only convert tokens to USD on some gambling platforms but not directly exchange them for another token.
December 15, 2022, 05:28:19 PM
Some site uses a dollar value and allows you to withdraw through different crypto, you’ll just need to choose what coins you are going to use though I consider this as an internal arrangement and not a small crypto exchange since its not their business at all and maybe that’s why we can’t see this on every casinos. If you are going to deposit some funds better to use your preferred crypto already, and do the exchange outside the casinos I think this is more convenient to do so, but innovation like this are also welcome.
Jump to: