Poll for favourite cryptos used on Gambling. - page 5.

naira

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Activity: 1974

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Quote from: smyslov on January 26, 2020, 11:38:17 PM

The more coins the better for the online casinos, because gambler sometimes use coins that they have available, if they see that there are a lot of coins to deposit, there is no need to trade their coins for another coins, so they can play on the casino.
My top three pick by the way, are Bitcoin, Ethereum and Xrp because they are widely using in gaming and gambling.

it is important for casino developers to choose coins that are listed on the site. usually the highest coin as you said, maybe because to buy it can be in many places because the coins are listed on many exchanges and not a hassle. and I add a recommendation for DOGE because besides the small transaction fee, the cheap price can be used by players who have little capital.

smyslov

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Activity: 2030

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The more coins the better for the online casinos, because gambler sometimes use coins that they have available, if they see that there are a lot of coins to deposit, there is no need to trade their coins for another coins, so they can play on the casino.
My top three pick by the way, are Bitcoin, Ethereum and Xrp because they are widely using in gaming and gambling.

Ailmand

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Bitcoin is the most common, however considering the transaction cost for bitcoin there are better alternatives such as LTC, XRP and ETH. That is why most gambling sites have alternative currency for their users convenience.

Andry2020

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Activity: 65

Merit: 1

Quote from: maydna on January 26, 2020, 03:06:41 AM

I think you can add Dogecoin in the poll options because of Dogecoin as old coins at the crypto like what other members suggest. Dogecoin is available on many gambling sites, and I think people will like to use Dogecoin to place the bets. I choose bitcoin, litecoin, and others, and if Dogecoin is on the list, I will select Dogecoin too because Dogecoin is one of the low price coins. But unfortunately, right now, if we want to send the Dogecoin amount, we need to pay 500 dogecoins as the fee.

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Andry2020

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Quote from: Fundamentals Of on January 25, 2020, 10:04:59 PM

BTC and ETH for me. But I have also used LTC and even other altcoins such as DOGE and TRX. It is best if you consider making all these major altcoins available in your gambling site. There are gamblers who prefer to use altcoins over BTC because of slow confirmation and high fees.

Hi there.

Thank you for your message.

DOGE has just been added to the poll.

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Andry2020

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Quote from: Janation on January 25, 2020, 08:49:54 PM

Xrp since the transactions are so low.

I could try a lot of gambling sites with it since the transaction fees are low. I would like Bitcoin but I don't want to transact it that much since usually gambling sites has high fees. Instead of using it on the fees, I think it is better to let it on that site and use it in my next bets.

Hi Janation.

Thank you for sharing your opinion.

We agree. XRP is a pretty good option

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Andry2020

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Activity: 65

Merit: 1

Quote from: ralle14 on January 25, 2020, 04:29:43 PM

The three cryptocurrencies I picked from the poll are BTC, ETH and LTC those are the usual ones accepted from casinos i'm registered on and I only prefer the two altcoins because their value is low enough where you can spend less due to the same (or lower) limits set by some casinos. Also fees can be a problem for Bitcoin transactions when casinos use a fee estimator and using the two popular alts sometimes come in handy for small gamblers.

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leowonderful

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Bitcoin FTW!

I typically use Bitcoin simply because I have so much of it and it's usually the most convenient option for me to transact with, but I will occasionally dip into my LTC and Doge reserves every now and then when transaction fees become a little higher than I'm comfortable with. However, recently I've started using Doge less and less as I've found it's not being accepted in as many places anymore and I don't use it for much else other than transacting with casinos. I might swap Doge out for ETH in casino transactions in the future.

Bitcoinislife09

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I think XRP when I use bitcoin to deposit in gambling websites usually has high fees and I think this is a big disadvantage to bitcoin since it has a high market price.

Comparing it to XRP I think one of the biggest advantages of XRP is, it is already a popular altcoin in the market even when a lower price surely it will cost less transaction fee when sending funds in the gambling websites.

But most of the time a lot of gambling websites only accept selected token so I just end up using bitcoin but sometimes I convert it to XRP if it is available.

Hippocrypto

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Activity: 1484

Merit: 277

Quote from: Darker45 on January 26, 2020, 04:28:07 AM

I chose BTC, ETH, and LTC. I am mostly gambling with ETH as I have more of it rather than BTC and LTC. But I agree with others here saying DOGE should be included. DOGE is one fine option for gambling. And it is much more convenient and cheap transferring DOGE from one wallet to another. The least that I use among the three that I chose is BTC as I am more of a HODLer of BTC than a spender.

As we seen on the pool btc is the most leading and popularly used and favorite cryptocurrency. The rest of the coins was only and option by many people. However, in any random cases choosing other coins was indefinite because there were some gambling site having their own preferred crypto for betting. For me I always choose bitcoin, because it's more in demand and fast in transaction.

gabbie2010

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Merit: 326

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Quote from: nakamura12 on January 25, 2020, 06:19:43 PM

Quote from: aioc on January 25, 2020, 05:02:50 PM

Obviously Bitcoin will win in this poll, all gamblers have Bitcoin in their portfolio and they want this coin as their prize because it is the most profitable coin in the market, Litecoin and Ethereum are also a good choice so it's better to have these two coins when you launch your online casino.

Even if bitcoin will win in this poll but it all depends on every person which crypto they like to use on gambling. Each person have their own reason why they pick that crypto. One of the example is ralle14 reply stated that doge is low enough and spend less and low fees and bitcoin fee might be big enough for someone.

My own choice of crypto for casino or gambling is ethereum, mainly because of it low transaction fees and flexibility in exchanging it to bitcoin and other cryptos, transaction fee in many sites are very high thus I choosed ethereum enabled platforms.

Zicadis

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Merit: 1027

Dump it!!!

I'd personally like to see a casino that offers support for a bunch of stablecoins, like Tether, TrueUSD, USD Coin and so on.

For some reason, very few casinos support stablecoins, possibly because the transaction fees aren't the cheapest, or maybe it's due to some regulatory issue? I'm not entirely sure.

Sometimes I stay away from gambling simply because I don't want to gamble with volatility too, which is why stablecoin compatibility would suit other players like me.

Just my 2 cents,

sunsilk

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Activity: 3038

Merit: 634

Top choice will be bitcoin so that's a given answer and crypto to be accepted to your potential casino, so it will be your top priority to be accepted. But you have also an option not to accept altcoins and make it as a bitcoin-focused casino.

Quote from: Venik on January 26, 2020, 04:39:56 AM

i use BTC and i know it's quite stupid. Btc is for hodling and i waste it Sad

This is fine but make sure that you have enough to save and to spend on gambling. That's what matters, IMO. BTC is made to be spent and it's our option to keep it too as an investment, you just have to balance things.

madnessteat

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Merit: 2073

Quote from: Andry2020 on January 25, 2020, 12:38:56 PM

~snip~

I voted for ETH because it can be used to raise funds faster and start playing. In my opinion, BTC is inferior to ETH not only in the speed of depositing funds, but also in the cost of transaction fees. I do not use the rest of the coins - LTC, XRP and DOGE at all.

Inkdatar

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Activity: 1582

Merit: 523

My 3 options are btc, eth and xrp but mostly when I'm into gambling before btc and eth are use. Though xrp is also best when it comes to cost of transaction fees. But if in case Im to bet crypto and play gambling Im more focus to use on low fees to save so I can accumulate btc in my wallet.

pakhitheboss

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My favourite are BTC, XRP and Dodge unfortunately OP has not added dodge to the list. Bitcoin is accepted everywhere but few casinos are also accepting XRP and Dodge like Stake.

Since the Fiat value of the above two are less the financial impact to the pocket is also less when you lose the bet. That is why I have been playing with them more often.

Meowth05

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Merit: 267

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I remember when I used to play dice I usually used Bitcoin and LTC in my gameplay probably because these coins are the only available in the online casino I used to play around. But most of the time I used Bitcoin and I don't know why reason either, perhaps because it is a lot more convenient back in the day. However, I think using Bitcoin in betting is a bad idea, the fact that transaction with regards with Bitcoin is really now expensive hence if I will play again I might use another crypto that has a low fee.

kotajikikox

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Activity: 2548

Merit: 217

i have used all of the above and also added is dogecoin in whos not including the the choices,but in all?Bitcoin still the best option in which i can use in all gambling site from the past not like other currency that is very limited to be accepted,it is just now that many site accept deposits from altcoins.

also Ripple(xrp) is advisable as one of the lowest Fee currency to use,together with Dogecoin .though ethereum based and EOS based gambling platforms now are getting into place to offer good enough for all of us.

Kakmakr

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I know it might make sense for some casinos to accept loads of different Alt coins, in the hope that a wide variety of tokens would offer more income sources, but I think that is wrong. A lot of the lesser known tokens are not widely used, so you are targeting a very small niche group of people with those coins.

I will mostly use Bitcoin and Ethereum for gambling sites, because it is widely accepted and used on many sites. You also do not have to use obscure and dodgy exchanges to convert the virtually unknown token, back to Bitcoin. < A lot of these tokens find their way back to BTC in any way, because you cannot use it anywhere else.> Sad

robelneo

legendary

Activity: 3416

Merit: 1225

I voted for Bitcoin eth and Litecoin, these three are favorite among the gamblers and majority of the gambling casinos are using it, you haven't included Dogecoin and XRP these two are also favorites by gamblers, I guess it's better to have as many coins as possible.

Topic: Poll for favourite cryptos used on Gambling. - page 5. (Read 1251 times)