Topic: What's your favorite crypto for gambling? - page 5. (Read 1924 times)

But I guess it will depend on gambling site if they had widely cryptocurrency acceptance. But most commonly as what I have noticed, only Bitcoin, Ethereum, Litecoin and Dogecoin. This TRX is usually used if they using TRX blockchain in their system.

For me, if I dont have Dogecoin I will use my Bitcoin but I most preferred to used Dogecoins ince this is the only coin that has low fees when it comes transferring or transaction fee.

You might want to try TRX because I heard that TRX have almost 0 fees transactions and while I am yet to understand how it works and how it is possible but it is great for anyone looking to save transaction fees or who gambles small.

I myself don't gamble too much either but actually I bet with bitcoins and never had fees issues because sportsbet.io pay fees from their side when I withdraw and there is no fees on depositing so I never worried about transaction fees. But if your casinos charges fees then maybe try TRX like I suggested.

i love Dapps gambling website, so Eos still my favourite coin, because i dont need to deposit on gambling website address, i can play any game direct on my wallet. but only the problem is waiting the transaction is bit annoying even the transaction speed are fast.

before Eos are exist, my favourite coin to gambling are Dogecoin due Cheap and fast transaction.

Its no about nor do talk about being feel lucky but rather they might be considering  on how long they do able to play on having a huge number in talks of capital just take for example on what you do get when you do play on using up Doge which you can really enjoy up on playing even more longer and also most of the time people do make use of alts due to transaction fee reason or even on transaction confirmation time reason.It all matters with users preference though but overall having more options is much more better but honestly speaking Bitcoin would really be enough in all aspects.

I think why he said those coins is because if you are into crypto gambling you must be aware that these are the most accepted coins in almost all the casinos and while a few casinos offer massive list of coins like fortunejack if I am not wrong, most of the casinos are limited to basic 4-5 coins which are BTC, LTC, ETH and XRP and now a days EOS is also being accepted because of its massive market cap I think.

I never understand the logic of betting with alt coins to be fair because it is ultimately going to be changed into bitcoins or fiat so doesn't make sense but maybe people feel lucky with certain alt coins and hence bet with it.

I have tried trx well it is also convenient using this in a game. Also, I’m using Eth which is my first choice when I’m doing a bet in a game. Btc, etc and trx these are my choice actually when playing in an online game also it depends on your preference of what coin to use.

Most of all the casino only have bitcoin on their supported cryptocurrencies, some do have both bitcoin and ethereum so players would have a choice which crypto they would take to play in, then there are some ethereum only. For me I mainly use bitcoin whenever I gamble, I don't know why maybe because I get used to gamble with it since bitcoin is just everywhere BUT, here's the but, whenever bitcoin is on fire I just choose ethereum coz transaction fee to pay during bitcoin congested network is going to heaven, no one's really wanna pay for such a high fee, they'll hardly make some time in casino to gain those back.

None of my house casino have XRP I don't know why, does someone here is playing with XRP instead of eth and btc? coz actually eth can do better.

As @20kevin20 pointed out in their earlier reply, confirmations aren't really necessary while gambling. No one is gonna deposit the coins in a hurry in a gambling site as this isn't a trading platform for price of a coin to rise after few minutes or hours. Gambling platforms work similarly like the Exchange platform where the coins we have deposited would move onto the cold storage wallet of the casino and we would be only have a display of our coins. The casinos uses a database to store our deposited information and we would be allowed to bet at the amount which we have deposited. When we request for a withdrawal to our crypto address, it would move on from the cold storage and will be transacted upon.

Utilizing smart contract feature of Ethereum and creating a new coin for playing in the casino is one among another major crypto scams going over in the market. In 2018, there were various gambling casinos which created their own ERC20 currency for the purpose of playing the game and simultaneously receiving investments for running away in future. Almost every one of the casinos with their own ERC20 has amassed a good fortune from its investors and are trying hard to prove them legit or might run away with the fortune in future. I trust only a few gaming sites such as FJ, wolfbet, swcpoker, freebitco, sportsbet, bitcasino, bitsler and a few others. Gambling sites implementing a set of new currencies in the name of bringing in new gamblers isn't going to be way too good.

I rarely gamble nowadays but everytime I play I use bitcoin (though most of us prefer other coins with low fees in transaction).

Then eth is my alternative however this past few days eth fees are increasing too.

But now I will use xrp.

I bet he doesn't have a specific source for that. And I bet he is wrong in claiming that ETH, XRP, and EOS are the most commonly used cryptocurrencies for gambling.

I also made use of different altcoins for gambling mainly due to high fees when using Bitcoin but I am almost sure that Bitcoin is still the number one cryptocurrency used by crypto gamblers.

For me it is just a opinion and not facts because for sure that we are aware that BTC is the most commonly coin used in gambling. All of the casinos and gambling website are accepting it for sure because it is the most commonly used. Even though the fees are more higher than any other altcoins, gamblers like me are still prefer to use it.

Is there any specific sources where you get the info that ETH, XRP and EOS are the most used altcoin in gambling? Or it is just your own opinion because of its low transaction fee and fast transaction speed? There should be something like real researches on which coins are being used mostly in crypto gambling industry.

^ We all know that bitcoin fee is quite high and the transaction speed is quite low it depends on how much your fee spends. But I still prefer on it because bitcoin has a widely use and safe to hold of course than the altcoin. However, as we have observed now almost every month there was a gambling site company launching it here so, I think this online gambling business will grow increasingly every year. Nevertheless, gamblers had a certain choice if there are too many gambling sites out there to gamble.

When it comes to confirmation times then we cant really compared it to BTC. You can almost have instant and less fee transaction thats why some do really prefer on using this up  compared to BTC.

This is why we do see majority of gambling sites nowadays do really have multiple option in comes with that because not all would really prefer on using up BTC most of the time

specially if the network is congested and makes the fee and confirmation time is very high.

I read ETH transaction fees are also into up surge. I am not sure about the credibility of the new I have come across but when BTC and ETH will be having same level of transaction fees, I just wonder what would be the next preferences among gamblers to gamble with.

I am sure that most of gamblers are not concerning only about the confirmation time required for transactions and less transaction fees while their choosing favorite crypto for gambling purposes. I mean they are always looking for best ROI for same time and efforts needed for gambling. This is the reason why gambler who started gambling with BTC when BTC was trading below $1000, still continuing their gambling with BTC even it is trading near $10k.

I am one of them. I prefer BTC for my gambling. Fortunately my favorite gambling place is offering only BTC based a gambling till date.

I think the best crypto in gambling games is Tron. My transactions get approval very quickly. I have tried the Wink system before.

BTC & ETH are the common crypto which is majorly used by the gambling sites. If transaction fees are increasing or already at high then no point for btc to be used, instead ETH or some other altcoins are much better in that scenario because you can save money in such situation. Also, XRP can be used for the gambling if the site has an adoption.

Last year when I gambles for leisure my gambling site utilizes smart contract feature of ethereum for a swift transactions because of the confirmation time was faster than BTC as you rightly said I believed other newer gambling sites had also adopted cryptos with lower transaction fees and faster confirmation time to attract gamblers to their sites

But recently ETH also have a huge transaction / gas fees.  You need to use bigger gas for you to execute the transactions that
you need to conduct.
In the other side, if you are capable of adjusting and if the gambling house you use accepts other alts, xrp and xlm are other
alternatives when you want to transfer coin to a much cheaper transaction fees.

I also like the idea it is good one for someone who just want to enjoy gambling but doesn't want to spent too much money.
It is good for those who only wants to play and feel the cheap thrill on gambling since gaming isn't enough for them they also want to play with some money involves to keep them excited,
So I would also vote for dogecoin and it has gain some attention because of the video on TikTok so it gain some price pump.
But sometimes the games that I want to gamble with or the site that I want to use doesn't accept it so I would go with whatever they would accept in order to play.