what are the reputable casino with vault feature?

Eternad

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Quote from: shasan on December 01, 2023, 11:59:00 AM

Quote from: Crypt0Gore on October 29, 2023, 09:39:58 AM

Why deposit money on a casino when you aren't ready to play with it? That's not good, so if I recommend any casino with vault features for you now you will store your crypto assets on such storage? Or the money you win from the casino? It's like entrusting your wins back into the hands of the people you won the money from, I don't like the sound of it.

it might safe funds from betting large amount by mistake.

This is the main reason why vault was introduced. Some gambler usually becomes greedy on their bet when adrenaline rush kicks in that sometimes makes them bet carelessly and lose all even with huge bankroll. Vault was introduced so that gambler can make part of their bankroll partially inaccessible to avoid betting error.

Also some vault offer different layer of protection which gives extra protection for user funds once they want to left the funds on casino account to save time and fee when they want to play again.

shasan

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Quote from: Crypt0Gore on October 29, 2023, 09:39:58 AM

Why deposit money on a casino when you aren't ready to play with it? That's not good, so if I recommend any casino with vault features for you now you will store your crypto assets on such storage? Or the money you win from the casino? It's like entrusting your wins back into the hands of the people you won the money from, I don't like the sound of it.

The user may not be trying to say that the user will just deposit and will not play. If the user won't play then there is no benefit for depositing on the site. It can be used for various purposes but it may used instead of withdrawing funds or it might safe funds from betting large amount by mistake.

Crypt0Gore

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Why deposit money on a casino when you aren't ready to play with it? That's not good, so if I recommend any casino with vault features for you now you will store your crypto assets on such storage? Or the money you win from the casino? It's like entrusting your wins back into the hands of the people you won the money from, I don't like the sound of it.

Once you win some amount from any online casino you are to withdraw the fund straight away, this will make you really have the money in hand and it will also make you not likely gamble with the money again, you are simply lowering your chances of getting greedy and using that amount to try your luck again.

I know few casinos that use these features but as a responsible gambler I don't think I will ever use such feature unless there is something I am truly missing, maybe extra winning advantage or something, so tell me, is there something I am missing for not using vaults on a gambling platform? I doubt it.

maydna

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Quote from: Jawhead999 on October 20, 2023, 07:27:53 AM

Quote from: maydna on October 20, 2023, 07:17:48 AM

~snip~

The gambler can just release the money from the vault and they can lose all of their money in short time Cheesy

It's different if the vault has some locking time e.g. a week, a month etc, so there's no way for the gambler can transfer the money to the main wallet. I think there's no casino have such feature.

If there is a locking facility for a week or a month, it will be better so that we will not freely use the money in our balance, and it will be a good way to avoid excessive use of money. But if it is a gambler who often gambles, they can deposit other money just to gamble and let the money in the vault remain there. The important thing is that they can still deposit other money and continue gambling. If so, it would be of no use at all because we would still be depositing other money to continue gambling.

Eternad

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Quote from: Findingnemo on October 28, 2023, 10:32:16 AM

Quote from: cafter on October 28, 2023, 07:02:42 AM

Quote from: South Park on October 23, 2023, 05:18:23 PM

Quote from: Findingnemo on October 23, 2023, 01:51:27 PM

I don't remember any casino which which encouraged their users to use their account for storing purpose and vault represent the entire cold storage if I am not wrong so it can be considered an individual gambling account cause its just a database with number reflected according to the balance on the wallet not really the account is used as cold storage in any means.

Casinos discourage users to use casino from storing cryptos by enforcing wagering requirements for withdrawal so once someone deposits x sum in a casino they can't request x to be withdrawn unless they involve the funds with any wagering at least 1x.

Using a casino in such a way seems like a bad idea and I doubt that even casinos themselves want for this to happen, as they do not want a bunch of coins being stored with them without moving or doing anything, what they want is for people to gamble that money and storing it that way goes against their interests, besides it does not make a lot of sense when it comes to their clients either, as if they want to store their coins safely, why they do not just buy a hardware wallet and be done with it?

vault feature is to protect the bankroll and transaction fee. means i deposited $100 then I will keep $80 in my vault that casino provide, because i will deposit $20 three times the i will need to pay 5x fee to transfer 20-20 five times. and this is not bad for casinos, they add this feature in their casino so the users deposit more money then they usually play with and lose their emotional control, and wager or bust all money along with bankroll and the money stored in their vault. so it is good for casino if the player is unable to control when he lost those $20, he will deposit the remaining $80 in vault and lose it all in last.

So you are talking about wallet, since vault is generally used to term cold storage, and in casinos, there is no such term in practice. Of course, you can deposit 5x the amount that you wanted to deposit but the security of the funds is the same as of funds deposited to exchange wallet or generally in hot wallet.

But the wagering requirements are another catch with casino, you deposit $100 and only want to gamble with $20 and decides to withdraw the remaining $80 then most casinos won't allow it due to the wagering requirements.

Yeah, Vault is just another wallet isolated from the bankroll of the user. I believe casino use the term vault since gambler use it to protect their money aside from bankroll so that they can limit their losses on the money within the bankroll balance.

Vault is really helpful for those gambler that has the tendency to immediately all-in whenever they encounter a heated game. I understand also his explanation about the since user can really save fee for depositing all money on vault then just play part of it. The wagering requirements doesn’t matter if the total money is already allocated to gambling.

Findingnemo

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Quote from: cafter on October 28, 2023, 07:02:42 AM

Quote from: South Park on October 23, 2023, 05:18:23 PM

Quote from: Findingnemo on October 23, 2023, 01:51:27 PM

I don't remember any casino which which encouraged their users to use their account for storing purpose and vault represent the entire cold storage if I am not wrong so it can be considered an individual gambling account cause its just a database with number reflected according to the balance on the wallet not really the account is used as cold storage in any means.

Casinos discourage users to use casino from storing cryptos by enforcing wagering requirements for withdrawal so once someone deposits x sum in a casino they can't request x to be withdrawn unless they involve the funds with any wagering at least 1x.

Using a casino in such a way seems like a bad idea and I doubt that even casinos themselves want for this to happen, as they do not want a bunch of coins being stored with them without moving or doing anything, what they want is for people to gamble that money and storing it that way goes against their interests, besides it does not make a lot of sense when it comes to their clients either, as if they want to store their coins safely, why they do not just buy a hardware wallet and be done with it?

vault feature is to protect the bankroll and transaction fee. means i deposited $100 then I will keep $80 in my vault that casino provide, because i will deposit $20 three times the i will need to pay 5x fee to transfer 20-20 five times. and this is not bad for casinos, they add this feature in their casino so the users deposit more money then they usually play with and lose their emotional control, and wager or bust all money along with bankroll and the money stored in their vault. so it is good for casino if the player is unable to control when he lost those $20, he will deposit the remaining $80 in vault and lose it all in last.

So you are talking about wallet, since vault is generally used to term cold storage, and in casinos, there is no such term in practice. Of course, you can deposit 5x the amount that you wanted to deposit but the security of the funds is the same as of funds deposited to exchange wallet or generally in hot wallet.

But the wagering requirements are another catch with casino, you deposit $100 and only want to gamble with $20 and decides to withdraw the remaining $80 then most casinos won't allow it due to the wagering requirements.

cafter

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Quote from: South Park on October 23, 2023, 05:18:23 PM

Quote from: Findingnemo on October 23, 2023, 01:51:27 PM

I don't remember any casino which which encouraged their users to use their account for storing purpose and vault represent the entire cold storage if I am not wrong so it can be considered an individual gambling account cause its just a database with number reflected according to the balance on the wallet not really the account is used as cold storage in any means.

Casinos discourage users to use casino from storing cryptos by enforcing wagering requirements for withdrawal so once someone deposits x sum in a casino they can't request x to be withdrawn unless they involve the funds with any wagering at least 1x.

Using a casino in such a way seems like a bad idea and I doubt that even casinos themselves want for this to happen, as they do not want a bunch of coins being stored with them without moving or doing anything, what they want is for people to gamble that money and storing it that way goes against their interests, besides it does not make a lot of sense when it comes to their clients either, as if they want to store their coins safely, why they do not just buy a hardware wallet and be done with it?

vault feature is to protect the bankroll and transaction fee. means i deposited $100 then I will keep $80 in my vault that casino provide, because i will deposit $20 three times the i will need to pay 5x fee to transfer 20-20 five times. and this is not bad for casinos, they add this feature in their casino so the users deposit more money then they usually play with and lose their emotional control, and wager or bust all money along with bankroll and the money stored in their vault. so it is good for casino if the player is unable to control when he lost those $20, he will deposit the remaining $80 in vault and lose it all in last.

South Park

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Quote from: Findingnemo on October 23, 2023, 01:51:27 PM

I don't remember any casino which which encouraged their users to use their account for storing purpose and vault represent the entire cold storage if I am not wrong so it can be considered an individual gambling account cause its just a database with number reflected according to the balance on the wallet not really the account is used as cold storage in any means.

Casinos discourage users to use casino from storing cryptos by enforcing wagering requirements for withdrawal so once someone deposits x sum in a casino they can't request x to be withdrawn unless they involve the funds with any wagering at least 1x.

Using a casino in such a way seems like a bad idea and I doubt that even casinos themselves want for this to happen, as they do not want a bunch of coins being stored with them without moving or doing anything, what they want is for people to gamble that money and storing it that way goes against their interests, besides it does not make a lot of sense when it comes to their clients either, as if they want to store their coins safely, why they do not just buy a hardware wallet and be done with it?

Findingnemo

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I don't remember any casino which which encouraged their users to use their account for storing purpose and vault represent the entire cold storage if I am not wrong so it can be considered an individual gambling account cause its just a database with number reflected according to the balance on the wallet not really the account is used as cold storage in any means.

Casinos discourage users to use casino from storing cryptos by enforcing wagering requirements for withdrawal so once someone deposits x sum in a casino they can't request x to be withdrawn unless they involve the funds with any wagering at least 1x.

redsun114

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Quote from: Doan9269 on October 20, 2023, 07:33:27 AM

Quote from: cafter on September 14, 2023, 01:33:30 PM

Do anyone play on casino's which have vault feature (a wallet type feature where we store the crypto which we don't want to play with)

Am yet to come across any yet, i don't see a reason why they should allow for that when you're expected to use your money to gamble on their wallet, it's better not to deposit any amount one wouldn't want to use for gambling on the casino wallet, instead, get a non custodial wallet and keep your fund there safely, casinos creates wallet for you to be used for gambling purpose, but you may decide not to gamble with the money as the fund remains on their website.

So you are not happy with it? I think you should because it shows that they also care about the gamblers. If you are a true gambler, you might come across with it already and you will know why such feature is needed. For the true gamblers, bankroll management is important. It's the same as budgeting money that we always do on the real world.

Saving is a part of it, and with the help of a casino vault, we can save some portion of our bankroll there or our winnings for later use. A casino can offer promotions like a deposit bonus and the higher the deposit amount the more bonus we can enjoy. This is why some are forced to deposit a little higher.

Doan9269

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Quote from: cafter on September 14, 2023, 01:33:30 PM

Do anyone play on casino's which have vault feature (a wallet type feature where we store the crypto which we don't want to play with)

Am yet to come across any yet, i don't see a reason why they should allow for that when you're expected to use your money to gamble on their wallet, it's better not to deposit any amount one wouldn't want to use for gambling on the casino wallet, instead, get a non custodial wallet and keep your fund there safely, casinos creates wallet for you to be used for gambling purpose, but you may decide not to gamble with the money as the fund remains on their website.

Jawhead999

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Quote from: maydna on October 20, 2023, 07:17:48 AM

I have never used the vault feature, but I think the vault feature helps gamblers not to use all their money for gambling, and they can keep their money in their account while they gamble with the budget they have set. It also limits the use of funds that are too large for gambling while they have other amounts of money they save and cannot use for a certain period.

The gambler can just release the money from the vault and they can lose all of their money in short time Cheesy

It's different if the vault has some locking time e.g. a week, a month etc, so there's no way for the gambler can transfer the money to the main wallet. I think there's no casino have such feature.

maydna

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Quote from: noormcs5 on October 19, 2023, 10:21:38 PM

I have never used the vault feature and I do not understand what is the purpose of the vault in a gambling site ? The best way is to keep the funds in your personal wallet and transfer only the funds to which you think you are going to gamble. If that fund has exhausted, then you may deposit more and play more.

Depositing a large amount of money in a gambling site and keeping a portion of it in a vault, to use money from that vault from time to time is a risky thing, as we are never in control of the funds in case the site gets compromised or scammed. In both cases, the whole funds stored in the vault will be seized/gone forever.

I have never used the vault feature, but I think the vault feature helps gamblers not to use all their money for gambling, and they can keep their money in their account while they gamble with the budget they have set. It also limits the use of funds that are too large for gambling while they have other amounts of money they save and cannot use for a certain period.

Using the feature helps gamblers to lose more money and not gamble more than they can afford. They need to be self-disciplined in using their money to gamble to reduce the amount of money.

noormcs5

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Quote from: shasan on October 12, 2023, 12:50:17 PM

Quote from: Wiwo on October 06, 2023, 06:07:22 PM

Oh great mate I am grateful for taking the time to explain to me in more clear terms of what a vault is and what services this feature renders to gamblers, this explanation helped to redirect my thought on this topic and now I get a better understanding.

But my other question is that, will casinos be comfortable implementing a feature that takes away fee charges from the casino, your answer not be so different from mine since we all know why casinos are out here to operate and what their target is in terms of revenue generation so the bottom line is that, due we sincerely have reputable casinos that have such features in place.

Great to hear that the explanation helped you a little bit which made me happy. Anyway, the vault is free to use and it can't help us anything because while we will lose we must use the funds from the vault. But if the fund is on out of the side then we might not use the fund which may prevent us from becoming more loser.

I have never used the vault feature and I do not understand what is the purpose of the vault in a gambling site ? The best way is to keep the funds in your personal wallet and transfer only the funds to which you think you are going to gamble. If that fund has exhausted, then you may deposit more and play more.

Depositing a large amount of money in a gambling site and keeping a portion of it in a vault, to use money from that vault from time to time is a risky thing, as we are never in control of the funds in case the site gets compromised or scammed. In both cases, the whole funds stored in the vault will be seized/gone forever.

Eureka_07

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Stake is the only casino that I am aware of having this feature, but I am sure there are bunch of other casinos that has this feature available too.

Quote from: Kakmakr on September 15, 2023, 01:45:11 AM

These sites should actually give another password for the Vault to make it more secure.

Agree. It serves as another layer of security in case that the account was compromised. Perhaps adding a PIN, password, or/and another 2FA Authenticator will suffice.

GreatArkansas

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Quote from: cafter on September 14, 2023, 01:33:30 PM

(....)
we cannot see the vault feature by just visiting the site, because vault feature is visible if i have account on that casino and i am logged in on it.
here are some i know bcgame, stake, bitsler, wolfbet.
please reply if you know a casino

You can always use other casinos here, just like what you mentioned. I believe most of the reputable casinos these days are the same and have no issue at all.
As others said, you can add Duelbits. Duelbits is what I am using right now but sometimes Stake also.
Just be careful using vault because sometimes it will affect some of your automation like on some auto bets like you forgot that you transferred some of your funds in your vault or vice versa.

shasan

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Quote from: Wiwo on October 12, 2023, 01:28:54 PM

Quote from: shasan on October 12, 2023, 12:50:17 PM

Quote from: Wiwo on October 06, 2023, 06:07:22 PM

Oh great mate I am grateful for taking the time to explain to me in more clear terms of what a vault is and what services this feature renders to gamblers, this explanation helped to redirect my thought on this topic and now I get a better understanding.

But my other question is that, will casinos be comfortable implementing a feature that takes away fee charges from the casino, your answer not be so different from mine since we all know why casinos are out here to operate and what their target is in terms of revenue generation so the bottom line is that, due we sincerely have reputable casinos that have such features in place.

Great to hear that the explanation helped you a little bit which made me happy. Anyway, the vault is free to use and it can't help us anything because while we will lose we must use the funds from the vault. But if the fund is on out of the side then we might not use the fund which may prevent us from becoming more loser.

Ok thanks mate form this further explanation, you have indeed been helpful having such info helps a whole lot, since it serves as a guide to us if and when confronted in such a situation and have to make decisions on how we want the vault funds to be used, because sometime it helpful to have such setting that can help us cut the lose along the line.

Because sometimes, we may be out of control of the whole situation which may affect us greatly mostly when we have to check as far as losses are concern.

On bitsler i had used the vault service ans it worked ausome. It can help to not making large amount by mistake as we can separte the fund. And it not charge us and ir is instant service. I think those whwo are gambler can enjoy the feature of it. There is nothing loss for the feature

Wiwo

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Quote from: shasan on October 12, 2023, 12:50:17 PM

Quote from: Wiwo on October 06, 2023, 06:07:22 PM

Oh great mate I am grateful for taking the time to explain to me in more clear terms of what a vault is and what services this feature renders to gamblers, this explanation helped to redirect my thought on this topic and now I get a better understanding.

But my other question is that, will casinos be comfortable implementing a feature that takes away fee charges from the casino, your answer not be so different from mine since we all know why casinos are out here to operate and what their target is in terms of revenue generation so the bottom line is that, due we sincerely have reputable casinos that have such features in place.

Great to hear that the explanation helped you a little bit which made me happy. Anyway, the vault is free to use and it can't help us anything because while we will lose we must use the funds from the vault. But if the fund is on out of the side then we might not use the fund which may prevent us from becoming more loser.

Ok thanks mate form this further explanation, you have indeed been helpful having such info helps a whole lot, since it serves as a guide to us if and when confronted in such a situation and have to make decisions on how we want the vault funds to be used, because sometime it helpful to have such setting that can help us cut the lose along the line.

Because sometimes, we may be out of control of the whole situation which may affect us greatly mostly when we have to check as far as losses are concern.

shasan

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Quote from: Wiwo on October 06, 2023, 06:07:22 PM

Oh great mate I am grateful for taking the time to explain to me in more clear terms of what a vault is and what services this feature renders to gamblers, this explanation helped to redirect my thought on this topic and now I get a better understanding.

But my other question is that, will casinos be comfortable implementing a feature that takes away fee charges from the casino, your answer not be so different from mine since we all know why casinos are out here to operate and what their target is in terms of revenue generation so the bottom line is that, due we sincerely have reputable casinos that have such features in place.

Great to hear that the explanation helped you a little bit which made me happy. Anyway, the vault is free to use and it can't help us anything because while we will lose we must use the funds from the vault. But if the fund is on out of the side then we might not use the fund which may prevent us from becoming more loser.

Wiwo

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Quote from: shasan on October 06, 2023, 05:38:40 PM

The vault is a feature that can stock funds by user and it can be used when the user wants. It is the same as withdrawal to his any other account whether exchanges or somewhere else. The difference is to withdraw it will ask charge and it will take time both for deposit as well as withdrawal. But Vault is an instant service and also it does not take any fees.

Oh great mate I am grateful for taking the time to explain to me in more clear terms of what a vault is and what services this feature renders to gamblers, this explanation helped to redirect my thought on this topic and now I get a better understanding.

But my other question is that, will casinos be comfortable implementing a feature that takes away fee charges from the casino, your answer not be so different from mine since we all know why casinos are out here to operate and what their target is in terms of revenue generation so the bottom line is that, due we sincerely have reputable casinos that have such features in place.

Topic: what are the reputable casino with vault feature? (Read 484 times)