Topic: what are the reputable casino with vault feature? - page 2. (Read 493 times)

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.

I know only Stake.com has the vault feature but I'm not really using it since what for?

It's better to have that feature for those who want to store their crypto in the meantime and don't want to make another deposit just in case they want to play again. It might be safe but for me, instead of vault, I will cashout my profit directly to my wallet. It's not that I don't trust the platform but shit happened and I don't to store coins in a centralized platform.

As the famous crypto quote says, "not your keys, not your coins."

Don't make your problem too technical and complicated.

Vault is just another good feature but the question here is, if you really don't want to play your crypto anymore, why transfer it to the vault instead to your own wallet? What if you plan on playing again on your crypto, the vault is just one step away from unlocking making your reason now inappropriate.

The main subject here is not about reputable casinos but since you mentioned your reason why you are looking for that, the best approach would be withdrawing your crypto directly to your wallet and not with the vault where it's like you are storing your coins in the third-party platform.

That is the reason why he is asking because he only know a few. Even though Bitsler is a little late to implement the feature, I think Bitsler is still a trusted casino to keep our money in their vaults but we shouldn't store it there for a long time because they can get hacked or what if they decide to scam their users later on?

I'm not judging them but I'm only saying the possibilities as there are so many companies who are also trusted for a long time but later on turned bad. Maybe for you, the purpose of those vaults are like that but for me, I can still be able to gamble all the money inside my vault so I think they are useless unless only if they have a lock-in period.

Thanks for bringing up this interesting discussion OP. Up till now, I never knew that casinos have vault features where store your crypto. I think I can connect the dots now with why a user here asked some days ago if it makes any sense to save your money in an online casino. I guess the user would have gotten better answers if he had explained the vault features in some online casino.

As for me, in the casinos I play, I haven't seen such feature. I would check out the casinos with the vault features that have been mentioned in this thread.

Stake.com has this feature and maybe some people use this feature when they want to use a certain amount of budget but only want to use part of it and the rest is stored in the vault so that when the player wants to bet again they don't need to make another deposit, just withdraw from the vault. and don't wait a long time.
Maybe some people misunderstand this feature, thinking that if they save funds on gambling sites, even in the vault, it will be very dangerous. When something bad happens, such as being phished or hacked, the funds in the vault will be lost, but that's not how it works as far as I know.
For example, an experienced gambler plans to use $100 to bet but at that time only wants to use $50 and keep the rest in a vault to bet again when really needed so there is nothing dangerous here because it saves a small amount that can be lost if a problem occurs.
But if it is used to store large funds, it would be better not to do this because online platforms are vulnerable to hacking.

I only know Duelbit and Stake have it because I've seen it before so I know it's there.
But I have never tried the vault feature in any casino because in my opinion, it is not necessary, especially since it is our money.
But if you think using the vault feature in trusted casinos will prevent you from crossing the limit every time you bet, that's fine as long as you strictly adhere to your limits.
But you must remember that you will hand over a certain amount of money to the casino, so you have to accept all the risks.
I think it would be better if you controlled the use of the money yourself rather than using the vault feature so that you just send a certain amount of money to gamble and don't need to keep a lot of money in your gambling account.

Yes, the user must know the risk before using that vault online. Actually, there are many effective ways to control over their expenses in a casino besides using the vault, such as financial management. So that the money remains in the casino balance without moving it to another safe box. That is target plan how many funds you have to play today, so if the limit is exceeded you have to stop it and close the site until tomorrow, just simple like that. but if you are not used to it and you are too ambitious, better use that vault.

You are right, once we have activated 2FA in our account then it is required to put 2FA code in order to withdraw our coin from the vault in Stake. So in case our password is compromised, the money in the vault cant be touched by the hacker. This case remind me about someone who claimed that his Stake's account is hacked through phishing link sometime ago, 2FA is active in his account and the hacker cant withdraw it but the hacker use the balance to bet and lost it all. Something different may happen if the user store some of his balance into the vault, as the hacker will not be able to use it unless the hacker also have an access to the 2FA. 

There may be an actual benefit, if the coin a gambler is expensive to move, due to transaction fees and if the user knows they are going to gamble in a consistent way, then it would be better for them just to send a big transaction and move most of it to the vault, then use a smaller amount to gamble as desired during that session.

For example, a single BTC transaction can be as high as a few dollars, so each one of them accumulates. Don't they ?   

But in such way, the platform has the authority over your funds and this guess, alike with storing some of your wealth on exchanges which is not an advisable thing to do given that there are risks of losing money in particular with platforms turning out to be a scam or other people getting an access to your account for some reasons. So I agree with others who are thinking that if you're not using an amount in your account it would be better to jist withdraw it and deposit once you are needing it. We should never be too lazy to make our funds be vulnerable to risks 'coz being in this industry have already put us to such. So atleast, in every action we will be making that should lessen our risk exposure.

This feature I guess is rare. Most of the time players are just letting their funds unattended to their gambling accounts which is neither advisable as for me.

In my opinion, the safe feature is a very good feature as in the case of a person like me who uses stake.com to place sports bets, when I profit I can transfer the profit balance to the safe and in this way I would leave the balance intended for betting and the balance in the safe intended for withdrawals and this would make it easier for me to manage my bankroll. In my opinion this is the only good way for me to use this vault feature. now it is important that people realize that the safe is not a wallet in which people will make deposits to make hodl, this has to be very clear that people

because people who confuse the functions of casinos, exchanges and wallets. casinos and exchanges are not places to store currencies for the purpose of long-term hodl, in fact even if they were to be held for the short term they would not be appropriate places, casinos are places to play games of chance, any money we deposit in the casino it should be treated as lost money, that is my understanding, whereas when we put money on the exchange we are putting the money to do day trading where there is a high risk of losing money every day

so when we put the money in the wallet where the person has control of the private keys, the person can hodl for a long time, the person's money will be safe, I think that each person needs to understand this and know the purpose of each thing. The safe feature is a good feature as I said, but it is not a wallet to hodl for years. In my case, I only use it when I want to separate my profit from the money I make bets, to make my bankroll management easier.

A vault is nothing extraordinary, it's just like a separate wallet where you can keep the coins or money that you don't want to withdraw and will use for gambling later. Let's suppose you have won $5,000, and you want to withdraw $3,000 and keep the remaining balance in there so that you can play it later, you can simply put them in your vault. If someone thinks that a vault can make them become a responsible gambler, that is absolutely not going to happen.

A vault most of the time will be protected with a password or a pin, so the actual advantage of keeping your funds in the vault is that if a scammer or a hacker breaks into your account to steal your funds, they won't see them since they are in the vault and they won't be able to open the vault without its password.

A password which is supposed to be different from the one we are supposed to log in on the main account.
or even better, for those who manage big quantities of crypto, there should be an option for setting an additional 2 Factor Authentication method for the vault, perhaps for even better results, that method of authentication should be done through a physical key.

Though, I also agree that the main purpose of the vault is suppose to help with money management when gamblers engage with automated gambling.

I was digging around the forum to jog my memory about a casino I used before. I distinctly recall it had this cool vault thing. And guess what? I just stumbled upon your cool thread where you have listed casinos with that exact functionality. Thanks for making my search easier! 

https://bitcointalksearch.org/topic/best-crypto-casinos-5460971

Anyway, you can add Primedice.com (sister site of Stake.com) to your list: https://bitcointalksearch.org/topic/primedicecom-since-2013-longest-running-crypto-casino-113-btc-jackpot-208986
Also, I see that Duelbits.com has already been mentioned here so should add that as well. https://bitcointalksearch.org/topic/duelbitscom-casino-sportsbook-vip-instant-withdrawals-5279042
Blackjack.fun has a vault but as a form of investment, so you can even earn some interest on your amount: https://bitcointalksearch.org/topic/blackjackfun-up-to-80-rakeback-slotssportsesports-jack-token-5106215
StarBets.io also added a vault feature in their update log, but I cannot vouch for its reputation: https://bitcointalksearch.org/topic/m.59525123
Tower.bet also added a vault feature to their platform last year: https://bitcointalksearch.org/topic/m.60298452
500.casino as well: https://bitcointalksearch.org/topic/500-casino-1-mil-insta-bonus-bonanza-wheel-casino-sports-plinko-battle-5296113

That is all I have found so far. Hope this helps!

If I'm not mistaken there is also one casino that implemented this kind of vault, not sure if it has the same idea as yours, but I totally forget the name of the casino, or how successful it was before or it the casino still exists today.

And just like what others say, duelbits is one casino that has this kind of features.

I'll try to find the casino's though that I have mentioned, maybe I could refresh my memory.

Dielbits is one of the casino I knew that offers this feature aside from the casino that you mention already. Also Blackjack.fun has this kind of similar feature with their Ninja Investor which you can store your coins through staking that isolate your money to the rest of your balance. The only difference is that your balance is being invest on bankroll instead of just isolating it on a vault.

I preferred the staking feature on the website compared to the vault that doesn’t have time lock feature or other security that you literally withdraw your balance anytime. Staking is much better because you can get safe feature of fund isolation and earn passive profit at the same time.

I lost my mind.

So far I know 2FA is protecting all, that's means your login is still asked for 2FA. 2FA on Login & Vault are work the same things, that's mean if you say (If your password compromised) the person who tried to hack you need required 2FA as well for login.

2FA once is active will protect all
- Withdraw
- Disable 2FA
- Vault
- Login

I don't see much use in playing with a vault where you save and only use what the casino says? I am not saying anything that the casino has a vault that is very secure, or that it is planned with how much is going to be played each day and thus some type of challenge or some fixed goal can be established, or I would use it for that and to control my balance , and so it is deposited so you can't play until the vault planning is removed, this should be weekly so we can see if this system works, the vault thing bothers me, I don't know that idea sounds quite familiar to me, especially for Avoid addiction, it is a good initiative, you just have to look beyond it.

If I'm not mistaken, duelbit has a vault feature to store money you don't want to use for gambling other than the names of the casinos you mentioned. But you should immediately send the coins to your wallet to avoid unwanted incidents. Plus, by sending them to your personal wallet, you can keep an eye on your coins so that if something happens to the casino, you won't panic. But if you think storing your coins in a vault is a good idea, you can try it. But we know that it's not your keys, not your coins. So be careful.