Roobet.com | Crypto’s Fastest Growing Casino 🦘 - page 311.

Haunebu

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Quote from: Marvelman on June 16, 2021, 07:29:55 AM

My mistake. It's actually "Roobidos" - Roobet's Currency.

I have no idea why the Roobet team chose a crappy name like Roobidos for their virtual currency. Sounds silly. There are far better alternatives available.

Quote from: Lakai01 on June 16, 2021, 04:25:10 AM

A nice feature for sure, but of course also a completely different caliber in terms of implementation, maintenance and legal requirements. Therefore, I cannot imagine that a gambling platform would also consider and/or offer exchange functionalities.

It's not as tough as you think. For example, Stake provides a crypto exchange service which is helpful though it has its issues. Roobet could integrate it into their site as long as there is enough demand for it.

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Quote from: aysg76 on June 16, 2021, 11:07:35 AM

Most casino prefer to allow deposit of top coins being trading in the market which are also easy to liquidate at the time of withdrawal or converting them.But now doge is being a deposit options at many casinos also due to its hype and demand with some fees and speed issue of other coins.But soon we will see more coins being added to the list as per demand and regulations.

What are you talking about? What regulations?
To my knowledge, there are no regulations regarding the types of coins accepted for deposit and withdrawal at crypto casinos. The decision lies solely with the casino managers.

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Quote from: babygun on June 15, 2021, 09:21:12 PM

Quote from: Marvelman on June 14, 2021, 05:59:25 PM

Yes, it is a casino, so it makes sense for them to have liquid assets. Do you think Roobet's payout of a big win would be questionable?
Btw, they already have, so to speak, an exchange in place. Upon payment of any cryptocurrency, deposits are converted into rubidos. And vice versa, when withdrawing.

What do you mean by rubidos? Never heard this before...
An exchange would indeed be helpful or just some more extra coins to deposit/withdraw such as DOGE/TRX would also be nice.

Most casino prefer to allow deposit of top coins being trading in the market which are also easy to liquidate at the time of withdrawal or converting them.But now doge is being a deposit options at many casinos also due to its hype and demand with some fees and speed issue of other coins.But soon we will see more coins being added to the list as per demand and regulations.

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Quote from: babygun on June 15, 2021, 09:21:12 PM

Quote from: Marvelman on June 14, 2021, 05:59:25 PM

Yes, it is a casino, so it makes sense for them to have liquid assets. Do you think Roobet's payout of a big win would be questionable?
Btw, they already have, so to speak, an exchange in place. Upon payment of any cryptocurrency, deposits are converted into rubidos. And vice versa, when withdrawing.

What do you mean by rubidos? Never heard this before...

My mistake. It's actually "Roobidos" - Roobet's Currency.

Quote

Roobidos are the universal currency used in all games of chance, games of skill, or games offered on the website by the company and its third-party partners. All wins are paid out in Roobidos, directly to you Roobido-safe. All wins will be added to your Roobido save immediately after the bet resulting in the win ends, at the latest, within 1 (one) minute after the bet concluded.

You can exchange your Roobidos at any time for Bitcoin, Litecoin or Ethereum, depending on which of the three cryptocurrencies you used for the deposit. The company will not add any exchange fees and lets you freely exchange Roobidos at the current conversion rate of 1 (one) Roobido being equal to 1 (one) US Dollar in cryptocurrencies.

https://roobet.com/?modal=terms

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Quote from: babygun on June 15, 2021, 09:21:12 PM

An exchange would indeed be helpful or just some more extra coins to deposit/withdraw such as DOGE/TRX would also be nice.

A nice feature for sure, but of course also a completely different caliber in terms of implementation, maintenance and legal requirements. Therefore, I cannot imagine that a gambling platform would also consider and/or offer exchange functionalities.
In addition, there are now many solutions on the market with which you can quickly convert your coins from, for example, ETH to BTC, sometimes in seconds and is usually very cheap.

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Quote from: Marvelman on June 14, 2021, 05:59:25 PM

Yes, it is a casino, so it makes sense for them to have liquid assets. Do you think Roobet's payout of a big win would be questionable?
Btw, they already have, so to speak, an exchange in place. Upon payment of any cryptocurrency, deposits are converted into rubidos. And vice versa, when withdrawing.

What do you mean by rubidos? Never heard this before...
An exchange would indeed be helpful or just some more extra coins to deposit/withdraw such as DOGE/TRX would also be nice.

Marvelman

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Quote from: tygeade on June 14, 2021, 03:06:46 PM

Like if they do their own exchange then they need ton of volume, which I know is not easy and since this is a casino and not an exchange that would not be available, ...

Yes, it is a casino, so it makes sense for them to have liquid assets. Do you think Roobet's payout of a big win would be questionable?
Btw, they already have, so to speak, an exchange in place. Upon payment of any cryptocurrency, deposits are converted into rubidos. And vice versa, when withdrawing.

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Quote from: Strongkored on June 14, 2021, 03:14:12 AM

The exchange feature may be seen as a solution for players to be able to choose which coin to use as a withdrawal but there will definitely be an exchange fee which may add to the cost for players, in my opinion it is better to deposit using coins with low withdrawal fees, because Roobet has several coins as options so players can choose which coin to make deposit.

It is both a solution and another problem to have at the same time. It is a solution because we are talking about having multiple currencies which would allow people to gamble with a lot more stuff, however we are talking about another problem because "how will you do it" is a thing. Like if they do their own exchange then they need ton of volume, which I know is not easy and since this is a casino and not an exchange that would not be available, so if they use another third party to do it then what is going to happen with the charges, it is not going to be cheap to do that and if they can find a cheap way to do it then there is a trust issue with the third party.

All of these can be handled, I am sure it is not impossible since other places can do it, but there is this work to be done, it is not like a days work, we are talking about a ton of coding and human interaction to handle this.

aysg76

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Quote from: Eureka_07 on June 14, 2021, 04:48:57 AM

Quote from: Strongkored on June 14, 2021, 03:14:12 AM

The exchange feature may be seen as a solution for players to be able to choose which coin to use as a withdrawal but there will definitely be an exchange fee which may add to the cost for players, in my opinion it is better to deposit using coins with low withdrawal fees, because Roobet has several coins as options so players can choose which coin to make deposit.

Personally, I prefer being able to chose what coin to withdraw from any cryptocurrency deposit I made to the casino as it allows me to choose the least transaction fee for my withdrawal. For example, I made a deposit using bitcoin, and I can choose ethereum or litecoin to withdraw those funds.

It's not only you but feasible for most of the players that withdrawal is allowed for different currencies regardless of the deposit crypto but it's not supported in many casinos.The fees issue can be solved if low fees is set and you don't have any urgency to withdraw funds but most probably they are set with RBF and high fees are deducted for confirming the transactions on time as casinos don't want to have any delays and allegations on them for fund problems.So try to withdraw high profits or combined small wins if you can.

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Quote from: Eureka_07 on June 14, 2021, 04:48:57 AM

Quote from: Strongkored on June 14, 2021, 03:14:12 AM

The exchange feature may be seen as a solution for players to be able to choose which coin to use as a withdrawal but there will definitely be an exchange fee which may add to the cost for players, in my opinion it is better to deposit using coins with low withdrawal fees, because Roobet has several coins as options so players can choose which coin to make deposit.

Personally, I prefer being able to chose what coin to withdraw from any cryptocurrency deposit I made to the casino as it allows me to choose the least transaction fee for my withdrawal. For example, I made a deposit using bitcoin, and I can choose ethereum or litecoin to withdraw those funds.

I know you are referring to the one on your signature and the other one casino (R) that lets you to do so.
But every casino has their own system and there will be always pros and cons about the payment system.
A casino wont be able to satisfy all players because it is all about preferences and players has different preferences.
If your main issue is about withdrawal fee, then simply deposit with altcoin that has low transaction fee.

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Quote from: Eureka_07 on June 14, 2021, 04:48:57 AM

Personally, I prefer being able to chose what coin to withdraw from any cryptocurrency deposit I made to the casino as it allows me to choose the least transaction fee for my withdrawal. For example, I made a deposit using bitcoin, and I can choose ethereum or litecoin to withdraw those funds.

I cant seems to find the logic on this. If you want to withdraw with a specific altcoin, then you should deposit with that as well to save up the transaction fees. Everyone should know full well before they deposit with either btc or eth because the TX fees could be pretty expensive for those coins so instead of depositing with those, go for the other cheaper option

Quote from: Strongkored on June 14, 2021, 03:14:12 AM

but there will definitely be an exchange fee which may add to the cost for players

I know one casino in this forum that has feature that allows you to deposit and withdraw with whatever coins and there is no exchange fee iirc

Eureka_07

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Quote from: Strongkored on June 14, 2021, 03:14:12 AM

The exchange feature may be seen as a solution for players to be able to choose which coin to use as a withdrawal but there will definitely be an exchange fee which may add to the cost for players, in my opinion it is better to deposit using coins with low withdrawal fees, because Roobet has several coins as options so players can choose which coin to make deposit.

Personally, I prefer being able to chose what coin to withdraw from any cryptocurrency deposit I made to the casino as it allows me to choose the least transaction fee for my withdrawal. For example, I made a deposit using bitcoin, and I can choose ethereum or litecoin to withdraw those funds.

Strongkored

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Quote from: Stalker22 on June 13, 2021, 05:20:55 PM

Quote from: onecall123 on June 13, 2021, 12:04:58 PM

I have no headache with the Roobet withdrawal priority settings, nice idea on a casino gambling site. However, still there is some issue with the withdrawal fess. I love to watch if Roobet introduce us with paying currency, suppose we deposit whether BTC/ETH/LTC the site converts every transaction into coins. Then gamblers can request withdrawal on any currency, that has lowest transaction fees. Few gambling site has this option.

I agree. Many multi-currency casinos allow currency conversion on site. This would be a useful feature for Roobet, as it would let players choose the currency that they want to withdraw in.

The exchange feature may be seen as a solution for players to be able to choose which coin to use as a withdrawal but there will definitely be an exchange fee which may add to the cost for players, in my opinion it is better to deposit using coins with low withdrawal fees, because Roobet has several coins as options so players can choose which coin to make deposit.

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Quote from: hd49728 on June 13, 2021, 09:13:01 AM

Not all services will give you options for withdrawal fees (fast, average, low) so the aforementioned method is the best to help you save a little fees.

You don't have very many other options, unfortunately, that's true.
You also have to keep in mind that you are using a service of the gambling platform and the platforms (not only Roobet) have an effort with it. Of course, you have to pay for this additional effort, many gambling platforms - but also exchanges - therefore charge (significantly) higher transaction costs than if you perform the transaction from the local wallet.

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Quote from: onecall123 on June 13, 2021, 12:04:58 PM

I have no headache with the Roobet withdrawal priority settings, nice idea on a casino gambling site. However, still there is some issue with the withdrawal fess. I love to watch if Roobet introduce us with paying currency, suppose we deposit whether BTC/ETH/LTC the site converts every transaction into coins. Then gamblers can request withdrawal on any currency, that has lowest transaction fees. Few gambling site has this option.

I agree. Many multi-currency casinos allow currency conversion on site. This would be a useful feature for Roobet, as it would let players choose the currency that they want to withdraw in.

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Quote from: hd49728 on June 13, 2021, 09:13:01 AM

Quote from: bL4nkcode on June 13, 2021, 09:04:00 AM

But the thing is the deducted transaction fee is too high than the recommended fee that's why its not recommended to withdraw for smaller amount not unless its urgent.

If you use a centralized service, you have to choose the best (cheapest) coin to withdraw your fund. If you want to pay as lowest fee as possible, try to withdraw a big fund enough. Withdrawal fee will be charged independently with your withdrawal amount. The higher the withdrawal amount you submit, the less % of fee in total value of that withdrawal.

You will fee you pay cheaper withdrawal fee this way.

Not all services will give you options for withdrawal fees (fast, average, low) so the aforementioned method is the best to help you save a little fees.

I have no headache with the Roobet withdrawal priority settings, nice idea on a casino gambling site. However, still there is some issue with the withdrawal fess. I love to watch if Roobet introduce us with paying currency, suppose we deposit whether BTC/ETH/LTC the site converts every transaction into coins. Then gamblers can request withdrawal on any currency, that has lowest transaction fees. Few gambling site has this option.

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Quote from: bL4nkcode on June 13, 2021, 09:04:00 AM

But the thing is the deducted transaction fee is too high than the recommended fee that's why its not recommended to withdraw for smaller amount not unless its urgent.

If you use a centralized service, you have to choose the best (cheapest) coin to withdraw your fund. If you want to pay as lowest fee as possible, try to withdraw a big fund enough. Withdrawal fee will be charged independently with your withdrawal amount. The higher the withdrawal amount you submit, the less % of fee in total value of that withdrawal.

You will fee you pay cheaper withdrawal fee this way.

Not all services will give you options for withdrawal fees (fast, average, low) so the aforementioned method is the best to help you save a little fees.

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Quote from: Eureka_07 on June 13, 2021, 05:35:41 AM

Quote from: Taskford on June 13, 2021, 05:13:11 AM

What if the site set their withdrawal fee high just to make the transaction faster? Well that could create trouble since many gamblers doesn't like to pay such huge fees for their withdrawal thats why I agree that we can choose to set our fees depends on the speed we want since this one could save us money for each transaction we made. But don't set in the lowest amount since you can experience a long time delays of confirmation so better go with normal to avoid further problems.

I believe most online casinos nowaday sets the transaction fee on the medium or sometimes for others to high transaction fee as fixed transaction fee for the user's withdrawal. They're doing it because they think users do not want a very long wait of confirmation for their withdrawal. Even so, I think it is much preferable if users can set their own transaction speed for their withdrawals.

But the thing is the deducted transaction fee is too high than the recommended fee that's why its not recommended to withdraw for smaller amount not unless its urgent.

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Quote from: crzy on June 13, 2021, 07:22:28 AM

Setting your own speed of transaction is a good idea especially those gamblers who are in need of money right away but there's a lot of things to be consider for this one. If the gambling site offers a fixed rate, I'm sure that's a collective withdrawal where they need to wait for other players withdrawals. Most probably on a common gambling site, they based the fees on the market congestion and rate, we cannot do anything about it.

Yep. I don't know if it is really fixed but I do think they have a system or they manually changes the fee per byte of the withdrawal transactions if major changes happened to the mempool, like there are lots of traffic so they will increase the fee. I can't tell very well since all of my withdrawals always arrive to my wallet after few minutes.

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Quote from: Eureka_07 on June 13, 2021, 05:35:41 AM

Quote from: Taskford on June 13, 2021, 05:13:11 AM

What if the site set their withdrawal fee high just to make the transaction faster? Well that could create trouble since many gamblers doesn't like to pay such huge fees for their withdrawal thats why I agree that we can choose to set our fees depends on the speed we want since this one could save us money for each transaction we made. But don't set in the lowest amount since you can experience a long time delays of confirmation so better go with normal to avoid further problems.

I believe most online casinos nowaday sets the transaction fee on the medium or sometimes for others to high transaction fee as fixed transaction fee for the user's withdrawal. They're doing it because they think users do not want a very long wait of confirmation for their withdrawal. Even so, I think it is much preferable if users can set their own transaction speed for their withdrawals.

Setting your own speed of transaction is a good idea especially those gamblers who are in need of money right away but there's a lot of things to be consider for this one. If the gambling site offers a fixed rate, I'm sure that's a collective withdrawal where they need to wait for other players withdrawals. Most probably on a common gambling site, they based the fees on the market congestion and rate, we cannot do anything about it.

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