Which coin do you think is best for gambling? - page 18.

shesheboy

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Quote from: BitcoinSupremo on January 15, 2018, 03:24:39 AM

Bitcoin is the most popular one. However if the casinos move to Ethereum, Zcash or any other good altcoin the confirmation time will be real fast compared to Bitcoin. I personally love to deposit and withdraw only Bitcoin but I can do the same with Ethereum for example without caring much. So in the end it remains in the idea of the development of the casino which coins they want to accept.

confirmation time is still depends on the gambling site because some gambling site offers instant deposits or zero confirmations but there were some that needs atleast two confirmations in order to deposit the funds in your account therfor i think those coins you mention and in op's suggestions are still the same with bitcoin. however most online casinos right now are actually accepting all kinds of crypto coins as a form of medium in order to use in their gambling site.

BitcoinSupremo

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Bitcoin is the most popular one. However if the casinos move to Ethereum, Zcash or any other good altcoin the confirmation time will be real fast compared to Bitcoin. I personally love to deposit and withdraw only Bitcoin but I can do the same with Ethereum for example without caring much. So in the end it remains in the idea of the development of the casino which coins they want to accept.

Barbut

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Good side on betcoin.ag is that you can deposit different altcoins and you always get chips and you gamble with them, when you withdraw you can do it bitcoin or any altcoin on their list. This days I'm depositing ETH or ltc and in that I withdraw my winnings, cheaper transaction, like many others I don't wish to pay high fees for bitcoin transactions. Now gambling with altcoins isn't q problem, many cites accepts more and more altcoins and some of them even different tokens.

BUK2016

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I can't really suggest which particular coin is better for gambling I was using bitcoin and ethereum before but due to delay in confirmation and high fee I have to switch to Dogecoin though there are other altcoin that has fast confirmation and low fee which am yet to make use of them but time I will start using them.

RealPhotoshoper

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Quote from: marlboroza on January 14, 2018, 08:36:39 AM

Quote from: piloder on January 12, 2018, 02:51:01 AM

What other coins you guys think can be viable option for crypto based casinos?

The one which will make me win Grin

Honesty, any coin with low transaction fee and fast transaction is fine, i don't know, gambling with bitcoin become pain, to deposit 10$ you have to pay another 10$ and another 10$ on withdrawal on most sites, don't think that is option at the moment. LTC is just fine with me.

Yeaa for now do a micro transaction using bitcoin is full of pain , not worth.
But when you talking about thousands dollar i think it is still worth to gamble using bitcoin and alternatively use ltc or eth is the second best choice.
The fee always matter especially if you frequently to move your funds from a casino to another.

emberbekas

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Quote from: jzone23 on January 14, 2018, 02:49:52 PM

Same as you I prefer to gamble coins with fast transaction and small fees, I prefer doge and str/lumens, unfortunately only 2 online gambling site I know support str for usage (exclusively for str)

Str isn't so famous among crypto's users that is why only few casinos who willing to accept it on their sites as an alternative payment. It is better to use dogecoin because as I know, it is accepted on a lot of casinos already.

hitrawal91

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Previously i was using Ethereum but then after few months of practicing it I quite that coin because of high fees and now using both Dogecoin and Litecoin. Also came to know about the rail blocks and it has been increasing both the price wise and demand wise because here it has already done with x10 time of returns in Railblocks. I will also try to find information on coins like Bitshares and Siacoin whether it is the right time for gambling them or not and then will invest a small amount here too.

jzone23

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Same as you I prefer to gamble coins with fast transaction and small fees, I prefer doge and str/lumens, unfortunately only 2 online gambling site I know support str for usage (exclusively for str)

audrey12

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Ethereum for me is the best coin to use especially those times that the value haven't pump yet then you are keeping some of them surely you earn a lot from the pump it takes few days ago. But despite of the fact that it is now the next promising coin ethereum also is one of the fastest when it comes to transactions that is why it become my best coin for gambling .

marlboroza

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Quote from: piloder on January 12, 2018, 02:51:01 AM

What other coins you guys think can be viable option for crypto based casinos?

The one which will make me win Grin

Honesty, any coin with low transaction fee and fast transaction is fine, i don't know, gambling with bitcoin become pain, to deposit 10$ you have to pay another 10$ and another 10$ on withdrawal on most sites, don't think that is option at the moment. LTC is just fine with me.

MinerHQ

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Quote from: Shinpako09 on January 14, 2018, 06:27:10 AM

As of now, I would still choose btc for gambling eventhough the transaction fee is high and sometimes it takes more than an hour or even more to have atleast 1 confirmation. I always prefer btc in any kind of doing not only gambling mainly because of it's price.

I was also doing same until last few months back but later realize that there is no meaning in using BTC in gambling after these transaction fees went up so high and also need to wait for transaction to confirm. By the time the transaction get confirm I may lost the interest of playing these games so now I moved to ETH and LTC for gambling.

Baofeng

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Quote from: kryptqnick on January 14, 2018, 06:47:30 AM

Quote from: piloder on January 12, 2018, 02:51:01 AM

I personally prefer dogecoin and ethereum but these days ethereum also have network congestion and fee is really high so dogecoin is best right now.

I agree that eth is not doing very well and bitcoin is probably the worst coin for gambling due to high transaction fees one needs (usually) to pay to withdraw money. Doge has been the best in gambling for a long time. I think that's the only reason this coin is still alive and even manages to experience some pumps from time to time. However, for some gambling websites doge is not appropriate, since there are no smart contracts available. At the same time, it is worth to use smart contracts, because it ensures scam-free gambling. In such cases it's better to use eth tokens like vsl.

I also one of those who uses bitcoin when playing online. However, I moved to Doge and LTC since last year (November to be exact). I haven't try ETH though, but recently with all this cryptokitties issues, I think I won't use it as well.

As for Doge, yeah, maybe its one of the reason why it is still alive. But I love to use LTC though, very quick and as long as the gambling sites that I'm playing accepts LTC, I will stick to it as my main coin for gambling.

crwth

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Quote from: Shinpako09 on January 14, 2018, 06:27:10 AM

As of now, I would still choose btc for gambling eventhough the transaction fee is high and sometimes it takes more than an hour or even more to have atleast 1 confirmation. I always prefer btc in any kind of doing not only gambling mainly because of it's price.

I think that's why you need to convert it so that you would have much more coin compared to bitcoin. Because if you convert it you will have more coins then you would try to win with having a much larger value compared to smaller ones when you have Bitcoin. It still depends on the player and the person playing it.

kryptqnick

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Quote from: piloder on January 12, 2018, 02:51:01 AM

I personally prefer dogecoin and ethereum but these days ethereum also have network congestion and fee is really high so dogecoin is best right now.

I agree that eth is not doing very well and bitcoin is probably the worst coin for gambling due to high transaction fees one needs (usually) to pay to withdraw money. Doge has been the best in gambling for a long time. I think that's the only reason this coin is still alive and even manages to experience some pumps from time to time. However, for some gambling websites doge is not appropriate, since there are no smart contracts available. At the same time, it is worth to use smart contracts, because it ensures scam-free gambling. In such cases it's better to use eth tokens like vsl.

Shinpako09

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As of now, I would still choose btc for gambling eventhough the transaction fee is high and sometimes it takes more than an hour or even more to have atleast 1 confirmation. I always prefer btc in any kind of doing not only gambling mainly because of it's price.

Bitinity

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Dogecoin is still my best choice to gamble because of its low transaction fees and I can bet with smaller amount as well with dogecoin. So it is the most suitable coin to gamble especially for low bankroll gamblers like me. Of course it depends on the sites where I wanna play as well, if there site does not accept dogecoin then I will choose other altcoin with low transaction fees.

Wind_FURY

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Quote from: supermine on January 13, 2018, 11:40:25 AM

I think ethereum will be a good coin for gambling because the transaction time is very fast and fee is very less when compared to other coins.But there are many altcoins available which can transact faster than ethereum but they are not popular yet so go with ethereum and most of the gambling sites are also accepting ethereum for gambling when compared to other coins.

But Ethereum has its own "high fee" problems now that their mempool is flooded and their blocks full. There was a also some news that Bittrex had to disable Ethereum deposits for a while because they could not handle the load.

This makes me now believe that all cryptocurrencies that uses the blockchain are not scalable, and will run into the same problems as Bitcoin is having now.

hatshepsut93

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Quote from: piloder on January 12, 2018, 02:51:01 AM

I personally prefer dogecoin and ethereum but these days ethereum also have network congestion and fee is really high so dogecoin is best right now.

Raiblocks is another coin that have no confirmation time and zero fee and I think it will be accepted in some casino soon because nobody wants to wait for hours to get confirmation and pay high fees just to move coins in and out of the casino.

What other coins you guys think can be viable option for crypto based casinos?

I think every crypto casino that wants to be up to date has to support multiple coins to cover all the possible needs of their players. Here's my list of coins that I would add if I was running a casino:

Bitcoin: the king of crypto, still very popular even despite high fees, and Lightning Network is coming closer and closer to mainnet release. Also, Bitcoin is the best coin for bankroll investors because it's less volatile and more predictable than any altcoin.

LTC: Bitcoin's younger brother, currently has cheaper fees. Potential for atomic swaps and Lightning.

Dogecoin: ultra cheap fees, perfect for players with tiny bankrolls.

Monero: the best privacy coin, very much needed in online gambling for some users.

stingers

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I was gambling my BTCs on PD a while ago
although i've been using ETH to gamble regularly. I stay away from doge, you sound like a doge-fanboy, no offence. I would rather exchange and gamble with other alts.
I lost all my LTCs a while ago so i ain't gambling with them either. I have a little ether right now, guess what am i gambling next?

ETH network sucks rightnow, high fees again here too, as if bitcoin wasn't enough. i hate paying high fees on my little (if) profit.

buyinbtc

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Quote from: Happiest on January 12, 2018, 11:01:35 AM

If not for the high price of Bitcoin and it high transaction fee, it would have been a better coin for it.
Even Ethereum also, but they both have high transaction fee, so we can resort to Litecoin or Bitcoin Cash.
And also if you want to use Dogecoin its okay too, though I don't use them but I have heard that their transaction fee are quite low.
But the problem is most casino may not be using it. Casino owners should try to use coins that have low transaction fee to encourage more players.

Bitcoin has been bad idea for gambling for a while now... I agree with litecoin though, i use it every time i want to gamble, instead of Bitcoins, this way i save decent amount of money as i don't have to pay huge fees. I'm not sure about Dogecoin though... I haven't seen a new site that would accept them. Not saying that there aren't any site that accepts them, but it's nothing compared to Btc/Eth/Ltc

Topic: Which coin do you think is best for gambling? - page 18. (Read 2283 times)