what are the reputable casino with vault feature? - page 3.

BenCodie

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Quote from: FatFork on September 15, 2023, 03:58:55 AM

Quote from: BenCodie on September 14, 2023, 06:03:46 PM

Just keep your coins in a non custodial wallet. This is bitcoin common sense and if you aren't following common sense, you're exposing yourself to risk that you don't have to expose yourself to.

That's not the main point here. When you deposit your coins into a centralized service, any centralized service, you essentially give up control of them to that third party. The "Vault" feature is there just to set aside a portion of your main balance and limit your amount available for gambling. It isn't meant for long-term safekeeping of your money.

This still isn't a good enough reason to choose a "vault" over a non custodial wallet...no matter if it is short, medium or long term storage. Better practice would be to keep whatever you are not gambling with for the session off-site. Otherwise makes no sense, and increases risk.

A literal "vault" is also traditionally used for safekeeping, storing anything in a casino (balance/vault) is not as safe as a vault, nor is it safekeeping. If the intention is to "set aside" and for some reason a non custodial wallet is not an option or not preferable (both unlikely when conducting in good practice) then another word is needed...vault is not accurate.

"Stash", "Storage", or any word that does not imply that the solution is any safer than your balance is more applicable. Vault implies security, which is completely untrue from the way you've described the intended functionality.

Quote from: Hispo on September 14, 2023, 07:50:15 PM

Quote from: BenCodie on September 14, 2023, 06:03:46 PM

Snip

To be fair, OP just want to know what casino offer that option, he is not talking about using that feature as a replacement for a proper non custodial wallet.

He may just want to know where he can gamble while keeping his earnings to one side, so he can a better control over his gambling budget.
It just takes a little bit of common sense and knowledge on how custodial wallets work, in order to realize the risks associated to them.

So, if anyone just feels like using the vault feature to keep control over their expenses on a casino, then there is nothing wrong with using it.

It would take less self control to move from the "vault" to your balance, in comparison to just keeping excess coins in your wallet...unless there is a time lock capability, which is not mentioned. There's no added benefit to a vault in comparison to just using a non custodial wallet and keeping non-wagered balances there.

FatFork

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Quote from: BenCodie on September 14, 2023, 06:03:46 PM

Just keep your coins in a non custodial wallet. This is bitcoin common sense and if you aren't following common sense, you're exposing yourself to risk that you don't have to expose yourself to.

That's not the main point here. When you deposit your coins into a centralized service, any centralized service, you essentially give up control of them to that third party. The "Vault" feature is there just to set aside a portion of your main balance and limit your amount available for gambling. It isn't meant for long-term safekeeping of your money.

swogerino

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Almost all reputable casinos have a vault feature including the one in my signature which is one of the biggest casinos here.The problem though is that I don't understand what the vault is needed for knowing the nature of gamblers,at least most of them would love to play all the money they have available to them including me so I find this feature not really needed for most of us but since most reputable casinos have it implemented it means that most probably there are some people who love this feature.

danherbias07

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Correct Stake.com has a vault feature and actually, it will be introduced once you go at your first VIP rank which is bronze. They will put your bonus there from all your wager and deposit bonuses so you will know about it when you hit the first level. I don't know if Sportsbet.io has the same feature too.

But to be honest OP, this ain't a good idea. I think that the vault is made for a different purpose and not to store your coins for a long time. That ain't a wallet but a gambling site and I think it's there for gamblers who just want to keep their money our of their eyes especially if they know for themselves that they are aggressive gamblers when they see their balance at full amount. The vault will somehow keep them under control to not wage everything in just one bet.

Kakmakr

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In my opinion .... having a Vault is not for security reasons. Take the Stake.com feature for example.... if you fall for some Phishing attack and you account password are compromised, then you Vault are also compromised... because it asks for the same password to move the funds. (The 2FA are protecting your balance.... not the Vault)

The Vault function are valuable, if you use automatic betting... and you do not want to lose your whole balance on a typo or a wrong script (bot) entry. (Let's say you used some bot and something goes wrong and it eats your whole balance)

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

boyptc

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Quote from: cafter on September 14, 2023, 02:33:30 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)
it will be easy to know asking from real users who have account on that casino. it will be difficult and very time consuming to ask about vault feature on every casino's support chat.
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

Yeah, I just checked it on stake and they've got that feature. I guess there's no need to go with other casinos since all of those that you've mentioned are very popular and known in the forum.

I haven't used the vault features but it's a good idea if you really think that it's a solution for your gambling needs. Like you let some few hundreds on that vault because you don't want to spend it this day.

And by the time you comes back and you have nothing left and just out of a sudden remembers that you still got some money left on the vault, you can just take it back. Just go with stake I guess for that part.

Bitinity

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Quote from: Awaklara on September 14, 2023, 10:22:40 PM

I don't really understand this feature. but is it really useful to limit us from losing too much in the game?
but you mentioned it's a feature for saving money that we don't want to play with. Does that mean you lock your money in the casino?
I also play at some casinos, but I'm not aware of those features. I have less experience in this matter. because I only deposit money into casinos that I am ready to gamble with. even if I don't get my luck.

This is basically just a feature to keep some of your money into the vault so you will play with the remaining balance in your gambling account only until you withdraw what you save in the vault back into your main balance. In short, it is like a bank account. In the past many players create a 2nd account as their bank account and some sites started to create vault feature to fulfil what is needed by player. It was really useful when most gamblers play with bitcoin and when the transaction fee was so expensive. Instead of withdrawing their bitcoin and deposit it back to the casino which will cost them more money for the fee , they preferred to use their bank account (secondary account) by tipping feature and then they moved to the vault feature for the same reason. It can be said as "soft-lock" of your money so you will not lose all your balance because you store/save some of it in the vault.

Awaklara

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Quote from: cafter on September 14, 2023, 02:33:30 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)
it will be easy to know asking from real users who have account on that casino. it will be difficult and very time consuming to ask about vault feature on every casino's support chat.
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

I don't really understand this feature. but is it really useful to limit us from losing too much in the game?
but you mentioned it's a feature for saving money that we don't want to play with. Does that mean you lock your money in the casino?
I also play at some casinos, but I'm not aware of those features. I have less experience in this matter. because I only deposit money into casinos that I am ready to gamble with. even if I don't get my luck.

Tuturtinular

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Quote from: cafter on September 14, 2023, 02:33:30 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)
it will be easy to know asking from real users who have account on that casino. it will be difficult and very time consuming to ask about vault feature on every casino's support chat.
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

I don't know what wallet system the casino uses. I think it would take too long if I had to ask that question every time I gambled. So, I only play on reputable sites. I think the site you mentioned can be trusted, even though I haven't played on all the sites you mentioned, regarding bc-games I have played there several times and haven't had any problems.

Besides, in my opinion, whether a casino uses a vault feature or not doesn't really matter, because if I'm unlucky, the result will still be the same Cheesy

Shishir99

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Quote from: cafter on September 14, 2023, 02:33:30 PM

here are some i know bcgame, stake, bitsler, wolfbet.
please reply if you know a casino

I know some casinos that have vault features. Apart from the casinos you have mentioned, there are a few more; Wintomato.com, Windice.io, Starbets.io, casinoroyale.bet, Paradice.in, and jacksclub.io. These are the casinos I know which have the vault features. There might be some others as well. I have accounts in many of them but I don't remember right now.
.
Now I am curious why do you need to know about the vault system? Are you compiling any list or do you plan to gamble on those platform which has this feature? I highly suggest not to store your crypto on casino accounts.

Nrcewker

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You asked for reputable casinos and you yourself mentioned those only. I have been playing at Stake and Bitsler for many users, Bitsler used the vault or bank in recent few years, but stake had these feature since it’s launch. I have played in both the site, so I can recommend you the both. The main idea behind this banks or vault is to not bust the whole balance at once. You can keep a certain amount in vault and can gamble with the rest amount with high risk. This is a beneficial feature for the gamblers who used to bet all funds at once.

Hispo

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Quote from: BenCodie on September 14, 2023, 06:03:46 PM

This is a TERRIBLE idea!

Please guys.

Not your keys, not your coins

Here's a quick list of some the things that could go wrong if you use a "vault" feature on a casino:
- The casino could insecurely store your coins and they could be hacked.
- The casino could exit and you'd be left with nothing.
- You could put too much in the vault and the casino might seize the opportunity to KYC-scam you (ask for kyc and no matter what you provide, keep your crypto anyway) (this happens all the time, including on Stake and popular casijos)
- Your system could be compromised and the hacker could take from the vault if he captures your login (this has happened before in a phishing case involving Stake, who allowed a hacker to withdraw over 50k from someone's account).

Just keep your coins in a non custodial wallet. This is bitcoin common sense and if you aren't following common sense, you're exposing yourself to risk that you don't have to expose yourself to.

To be fair, OP just want to know what casino offer that option, he is not talking about using that feature as a replacement for a proper non custodial wallet.

He may just want to know where he can gamble while keeping his earnings to one side, so he can a better control over his gambling budget.
It just takes a little bit of common sense and knowledge on how custodial wallets work, in order to realize the risks associated to them.

So, if anyone just feels like using the vault feature to keep control over their expenses on a casino, then there is nothing wrong with using it.

BenCodie

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This is a TERRIBLE idea!

Please guys.

Not your keys, not your coins

Here's a quick list of some the things that could go wrong if you use a "vault" feature on a casino:
- The casino could insecurely store your coins and they could be hacked.
- The casino could exit and you'd be left with nothing.
- You could put too much in the vault and the casino might seize the opportunity to KYC-scam you (ask for kyc and no matter what you provide, keep your crypto anyway) (this happens all the time, including on Stake and popular casijos)
- Your system could be compromised and the hacker could take from the vault if he captures your login (this has happened before in a phishing case involving Stake, who allowed a hacker to withdraw over 50k from someone's account).

Just keep your coins in a non custodial wallet. This is bitcoin common sense and if you aren't following common sense, you're exposing yourself to risk that you don't have to expose yourself to.

bitbollo

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I have seen such feature just in few casino. Most of the times I have used with stake.
They use vault also as a place to store coins received from rains or other promo like rakeback (before reaching level gold). It's something strange that no all casino are using it as function, it's a really useful feature.

Onyeeze

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Quote from: cafter on September 14, 2023, 02:33:30 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)
it will be easy to know asking from real users who have account on that casino. it will be difficult and very time consuming to ask about vault feature on every casino's support chat.
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

Their is no need of asking since you already have a clear understanding of the things you are asking, for further investigation since you have already listed some of them that have the features you needed I will like you to make more research and investigation concerning what you asked and continue the process, without your preamble list I won't have known any, but I believe that with your research you will make a good choice despite that people you know will also give you more hit or enlighten you more to understand more in bitcoins

ryzaadit

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Let's be honest.

A vault system is being used for stored-fund, but in casino most of people will never leave money in the casino with a really long period. If you asking these feature from a user perspective, these feature being used for to stored some of your money in-case you are in winning situation. Example, you sent 80/90% of your winning to the vault and want to keep gambling you keep the 10% on your main balance. Once is gone, we are gonna to withdraw the money from the vault.

Quote from: Stalker22 on September 14, 2023, 05:05:19 PM

The Vault feature is mainly for setting betting limits, imho. It helps you avoid going all-in with more than you are willing to lose when playing games like roulette or poker. I have used casinos with this feature, but I cannot remember which ones or if they are still around.

LeoVegas casino have a limit feature reminder, in-case you already playing like 2 hour/winning certainly amout money the warning reminders pops up. Actually, no need to use vault system for these case.

Odusko

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Quote from: xLays on September 14, 2023, 02:47:14 PM

The only reputable casino I know that has this feature is stake.com. They also use the vault feature for VIP levels. For example, if you reach Bronze VIP, they will send the bonus to your vault wallet. I can't remember exactly, but if you win the $50,000 weekly raffle on Eddie's stream every Saturday, once you win they will send it to your vault Or I think it's just like the weekly and monthly bonus, where they will simply send a link to your email.

I think Duelbits also have similar feature where players bonuses and rewards that are internally generated are credit to the vault accounts and from where the players can stake any games using the bonus balance in the vault and but what i don't know is if the rewards credited to the vaults are subjects to some form of requirements before it withdrawals.
Or players are allowed to withdraw at will from the account, i haven't taken part in such system before to know how it works, but i will ve glad if i can get some answers on that

Stalker22

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Quote from: notblox1 on September 14, 2023, 04:14:02 PM

Quote from: cafter on September 14, 2023, 02:33:30 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)

I think that all casinos I use dont have this vault feature, but why would you even use this for?

The Vault feature is mainly for setting betting limits, imho. It helps you avoid going all-in with more than you are willing to lose when playing games like roulette or poker. I have used casinos with this feature, but I cannot remember which ones or if they are still around.

Quote from: notblox1 on September 14, 2023, 04:14:02 PM

If you dont want to play with part of your coins just withdraw them to your own non-custodial wallet and you will be much safer.

That is solid advice! But it brings you additional hassle, and you have to be extra careful not to make a mistake when withdrawing and depositing. The Vault feature is more convenient, especially if you set budget limits on a daily basis.

Quote from: notblox1 on September 14, 2023, 04:14:02 PM

No vault will protect your coins from hacker attacks, and casinos shutting down without announcement, like it happened with betnomi few months ago.
If you have problem with spending lot of money than you can extra passphrase and additional seed phrase to make it harder to access and send coins quikcly.

That is true. The Vault feature cannot protect your money from scam casinos. If you do not trust the platform, you should not deposit or play there.

Cantsay

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Quote from: xLays on September 14, 2023, 02:47:14 PM

The only reputable casino I know that has this feature is stake.com. They also use the vault feature for VIP levels. For example, if you reach Bronze VIP, they will send the bonus to your vault wallet. I can't remember exactly, but if you win the $50,000 weekly raffle on Eddie's stream every Saturday, once you win they will send it to your vault Or I think it's just like the weekly and monthly bonus, where they will simply send a link to your email.

I don’t think I have noticed something like this in any casino that I have used.

I do have a question; does the vault have an amount that you have to accumulate to before you can withdraw the money? Or they have a certain rank that you have to achieve beige you’ll be able to unlock the vault and withdraw if “yes” then it’s no different from what other casinos are doing when you’re given bonuses. Since you’ll have to accumulate a certain amount from the bonus that you have received before you can withdraw them to your non-custodial wallet.

notblox1

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Quote from: cafter on September 14, 2023, 02:33:30 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)

I think that all casinos I use dont have this vault feature, but why would you even use this for?
If you dont want to play with part of your coins just withdraw them to your own non-custodial wallet and you will be much safer.
No vault will protect your coins from hacker attacks, and casinos shutting down without announcement, like it happened with betnomi few months ago.
If you have problem with spending lot of money than you can extra passphrase and additional seed phrase to make it harder to access and send coins quikcly.

Topic: what are the reputable casino with vault feature? - page 3. (Read 431 times)