Which Crypto coin Do You Gamble with the Most? - page 2.

Coin_trader

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Quote from: Rabata on July 11, 2023, 02:17:12 PM

In my perspective people who gamble with larger amounts will generally be more inclined to gamble with Bitcoin. However, those who gamble with relatively small amounts of money will try to gamble where normally transaction fees are low. Still others conduct gambling only with stable coins. Meme Coin and TRX generally have low transaction fees, making them the first choice of many gamblers. But apart from the coins I mentioned here, there are several coins that are used massively for gambling activities one of them is Litecoin.

Personally, It depends on market condition on which currency I will use regardless of how big or small my bankroll. I always convert my crypto asset to stablecoin whenever the market is bearish to protect from losses due to crypto dump. This makes me use stablecoin too on gambling since all my asset on stablecoin. This is same when bullish market which my asset is on Bitcoin and other coin aside from stablecoin so that I will not miss out the crypto pump while I’m gambling.

I believe my perspective on asset to choose is same on most gamblers since using Bitcoin for huge deposit is same experience when you use stablecoin because no holds their money on casino account for too long.

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Quote from: worle1bm on July 11, 2023, 02:50:51 AM

Quote from: Strongkored on July 11, 2023, 02:13:28 AM

Quote from: rendravolt on July 01, 2023, 04:01:05 AM

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.

Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.

Most of the casinos have BTC, ETH,LTC or memecoins as deposit option which is good for players as well they have stable coin options also.Like in the past few weeks when btc was witnessing high transaction fees I used some of meme coins lik doge to gamble because I don't want to hold it for profits motive while other coins are good for future returns.

In my perspective people who gamble with larger amounts will generally be more inclined to gamble with Bitcoin. However, those who gamble with relatively small amounts of money will try to gamble where normally transaction fees are low. Still others conduct gambling only with stable coins. Meme Coin and TRX generally have low transaction fees, making them the first choice of many gamblers. But apart from the coins I mentioned here, there are several coins that are used massively for gambling activities one of them is Litecoin.

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Quote from: CarnagexD on July 11, 2023, 11:24:36 AM

Quote from: Davidvictorson on July 11, 2023, 08:52:56 AM

I use the most popular crypto Bitcoin. I have tried Ethereum, and Litecoin, which are also some common options at online casinos. And have attempted using altcoins like Doge, Tether, and Solana. When compared to using fiat for gambling I have noticed that most online casinos have welcome bonuses specifically for crypto.

In addition, cashing out with crypto is simple too. Typically, withdrawals with crypto are typically faster than other banking methods. Once I receive my winnings, I easily can exchange my crypto on the market for my local currency without no hassle and I can do it at night or during the weekend.

I don't think this is the case nowadays. Because most of the web3 based casinos are now considered also as a project. Their business idea had a timeline or a roadmap. With that casinos introduces their own coin. Now it is not only they're profiting from their business but also from the appreciating value of the coin.

So when entering their website, you can't play with the raw coin BTC or LTC, you have to convert it first as a token.

Web 3 casino in particular, you are very right, but then, this is particularly for complete decentralized casino, you and I know that, there are several casino claiming to be web 3 whereas if properly investigated, they are still the same as normal centralized casinos, the only difference is that, they offer or provide users the ability to login by connecting the casino account to their wallet, casino like this still have the ability to accept coins like bitcoin and litecoin for gambling.

But for casinos that are truly decentralized, I don't think it's possible for them to accept the real bitcoin, user can only use the wrapped version of bitcoin or any other coin that is not a token built and running on the blockchain the casino is built on.

CarnagexD

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Quote from: Davidvictorson on July 11, 2023, 08:52:56 AM

I use the most popular crypto Bitcoin. I have tried Ethereum, and Litecoin, which are also some common options at online casinos. And have attempted using altcoins like Doge, Tether, and Solana. When compared to using fiat for gambling I have noticed that most online casinos have welcome bonuses specifically for crypto.

In addition, cashing out with crypto is simple too. Typically, withdrawals with crypto are typically faster than other banking methods. Once I receive my winnings, I easily can exchange my crypto on the market for my local currency without no hassle and I can do it at night or during the weekend.

I don't think this is the case nowadays. Because most of the web3 based casinos are now considered also as a project. Their business idea had a timeline or a roadmap. With that casinos introduces their own coin. Now it is not only they're profiting from their business but also from the appreciating value of the coin.

So when entering their website, you can't play with the raw coin BTC or LTC, you have to convert it first as a token.

rendravolt

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Quote from: Strongkored on July 11, 2023, 02:13:28 AM

Quote from: rendravolt on July 01, 2023, 04:01:05 AM

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.

Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.

Now it's back to each individual because of course everyone has their own views to determine the best crypto according to their version for gambling at online casinos. Bitcoin will be the first choice for all gamblers and it is undeniable because it is the first crypto currency in the world, if there is no other crypto option of course I will also use bitcoin. But as long as we can manage everything for the better I don't think it's a problem. Bitcoin is indeed more profitable in the long run and if the number of bitcoins is not large, there may not be a problem when the price fluctuates, but it is different if you have large amounts of bitcoins, of course it will be quite a loss if you fully bet using bitcoins because the profits will change according to the rate and that also applies to all other crypto. That's just my opinion, apart from that everything is very easy for us with bitcoin.

Davidvictorson

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I use the most popular crypto Bitcoin. I have tried Ethereum, and Litecoin, which are also some common options at online casinos. And have attempted using altcoins like Doge, Tether, and Solana. When compared to using fiat for gambling I have noticed that most online casinos have welcome bonuses specifically for crypto.

In addition, cashing out with crypto is simple too. Typically, withdrawals with crypto are typically faster than other banking methods. Once I receive my winnings, I easily can exchange my crypto on the market for my local currency without no hassle and I can do it at night or during the weekend.

piebeyb

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Quote from: Reatim on July 11, 2023, 04:18:04 AM

Back in the days when I start learning and dealing in crypto gambling ? I only uses Dogecoin because the timing when I bought Doge is best because of low transaction fee comparing to bitcoin as I started when there is Bull and the congestion is indeed happening .

Before Doge reached ATH in the previous year it was always used by many gamblers because the fees were cheap and withdrawals were also low so it became a second alternative to bitcoin in its time, but after the bull market on Dogecoin and it reached ATH making transactions a bit more jammed, now there are other alternatives like Matic is also a BNB that uses a lower transaction fee.

But unfortunately very few casinos and gambling platforms want to add Matic and BNB because it might be difficult to integrate them in the platform or there are other reasons, but still you will see dogecoin and litecoin in casinos or gambling platforms because these two will always be the mainstay of altcoins that used for gambling. Cheesy

Reatim

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Back in the days when I start learning and dealing in crypto gambling ? I only uses Dogecoin because the timing when I bought Doge is best because of low transaction fee comparing to bitcoin as I started when there is Bull and the congestion is indeed happening .

But nowadays? I uses coin that available from my pocket , some are from other area where being paid to me or at least wins from investment so any coins will goes as long as it is given by my wifey lol.

Pierre 2

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Quote from: worle1bm on July 11, 2023, 02:50:51 AM

Quote from: Strongkored on July 11, 2023, 02:13:28 AM

Quote from: rendravolt on July 01, 2023, 04:01:05 AM

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.

Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.

Most of the casinos have BTC, ETH,LTC or memecoins as deposit option which is good for players as well they have stable coin options also.Like in the past few weeks when btc was witnessing high transaction fees I used some of meme coins lik doge to gamble because I don't want to hold it for profits motive while other coins are good for future returns.

Only reason I love memecoins is this honestly. When bitcoin or ethereum blockchains are busy and slow its very good experience to use memecoin to deposit or withdraw from your gambling account. One of my friends introduced me this. He told me to not use bitcoin at all. But I think bitcoin is %100 the most common coin in casinos and in general depositing experience can be costly but better developed. I think using stablecoins is not that important even though I like. You use existing blockchains anyways.

worle1bm

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Quote from: Strongkored on July 11, 2023, 02:13:28 AM

Quote from: rendravolt on July 01, 2023, 04:01:05 AM

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.

Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.

Most of the casinos have BTC, ETH,LTC or memecoins as deposit option which is good for players as well they have stable coin options also.Like in the past few weeks when btc was witnessing high transaction fees I used some of meme coins lik doge to gamble because I don't want to hold it for profits motive while other coins are good for future returns.

Strongkored

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Quote from: rendravolt on July 01, 2023, 04:01:05 AM

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.

Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.

Nrcewker

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To be honest people will have complete different opinions here. Some like stable coins to gamble while some use the unstable coins. Regarding the maintaining the sheets of how much amount you wagered or profit loss calculations, then these are only done by regular gamblers. 80% of the gamblers do only casual gambling, and they only occasionally gamble when they need some quick cash. I like to gamble through BTC, as when I will win, I will receive the profits in Bitcoins only.

borovichok

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Quote from: FinneysTrueVision on July 10, 2023, 07:35:32 PM

I have always preferred Dogecoin and to a lesser extent Litecoin. These coins are not worth as much. If you gamble with Bitcoin and go on a bad losing streak you could lose a lot of money. Cheaper coins allow you to try riskier strategies while risking less money. I only gamble for fun so it doesn't matter if I lose a small amount of Doge. With Bitcoin even losing a few sats can feel bad because of how much work I put into acquiring it.

Dogecoin is most likely a good prominent altcoin in the space, with significant advantages. Using cryptocurrency to gamble, I believe, is out of the box; yet, this is not financial advice. I agree with your statement, for example, with the scenarios of two gamblers, both triggered gambling with altcoins and bitcoins, altcoins are more safe when it comes to losses, compared to bitcoin, which almost always leads to account liquidation, but one might not gain as much as the other, who used bitcoin in gambling and is open to massive profits, weighs heavier than altcoins.

FinneysTrueVision

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I have always preferred Dogecoin and to a lesser extent Litecoin. These coins are not worth as much. If you gamble with Bitcoin and go on a bad losing streak you could lose a lot of money. Cheaper coins allow you to try riskier strategies while risking less money. I only gamble for fun so it doesn't matter if I lose a small amount of Doge. With Bitcoin even losing a few sats can feel bad because of how much work I put into acquiring it.

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Quote from: AmoreJaz on July 10, 2023, 04:04:33 PM

Quote from: Aikidoka on July 10, 2023, 03:55:05 PM

Mostly, I use Bitcoin or USDT and sometimes I also use LTC because they have low transaction fees. It depends on what I have available at the moment. Additionally, it has been quite a while since I last used fiat for gambling. I prefer to gamble using my crypto as it's also quite easy to do. Whether I gamble with a stable coin or not doesn't matter to me, as long as I'm making a profit.

I don't feel the need to keep track of my losses and wins ratio because lately, I gamble purely for fun and I don't invest a lot of money into it.

we have the same approach here. whatever is available in my account, but mostly btc, that i use for my gambling. since i know how much i should spend for each session, i know how much btc i can use to gamble. if i know that i am going beyond the limit, i stop before i spend more than what i allocated for that moment.

I prefer to use the most popular cryptocurrency which is bitcoin. Maybe the reason is I'm already use to it in almost out of the other coins. Casinos never miss to add it to their payment system both deposit and withdrawal. Regards to stablecoin, I use usdt and for this, the charge is fixed probably on $1. So playing with these two , I'm comfortable.

STT

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I used to use Ethereum but its gained alot and still has a potential to gain alot more now I think, plus the main reason I gambled was I was mining it actively. Now I cant mine it so dont have that 'free' supply to spend so I tend to stick with BTC now as I have a deposit in a few places and so it seems ok to use it for gambling on the casino site a little more.

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Quote from: Aikidoka on July 10, 2023, 03:55:05 PM

Mostly, I use Bitcoin or USDT and sometimes I also use LTC because they have low transaction fees. It depends on what I have available at the moment. Additionally, it has been quite a while since I last used fiat for gambling. I prefer to gamble using my crypto as it's also quite easy to do. Whether I gamble with a stable coin or not doesn't matter to me, as long as I'm making a profit.

I don't feel the need to keep track of my losses and wins ratio because lately, I gamble purely for fun and I don't invest a lot of money into it.

we have the same approach here. whatever is available in my account, but mostly btc, that i use for my gambling. since i know how much i should spend for each session, i know how much btc i can use to gamble. if i know that i am going beyond the limit, i stop before i spend more than what i allocated for that moment.
though i can understand why some gamblers stick to stable coin, it is quite easy to know how much you are spending because you can already see the amount of dollars you are spending. whereas if btc or alts, you need to convert them to dollars to know how much you're spending. but some casinos, you can already view your coins in fiat if you want, so it would be easy for you to see how much you are spending in every bet.

len01

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Quote from: swogerino on July 10, 2023, 03:33:31 PM

Quote from: dothebeats on July 10, 2023, 02:40:10 PM

Using bitcoin to gamble is not really a good thing. I personally convert my funds to XRP or any other coins with low transaction fees and fast confirm times, in anticipation of me winning something and taking it out of the platform and transferring it to the exchange. I don't think of the value of bitcoin or any other crypto going up when I gamble, because I consider those funds as lost already the moment I deposited it in the exchange.

I agree with you,there is no real point in gambling with Bitcoin because Bitcoin can become a valuable asset in not a so distant future,so it is better to have other coins to play or at least to convert very little part of Bitcoin and play with that money.The cheapest and fastest for me is Litecoin as just some hours ago I deposited about 15 dollars in Litecoin and the fee was 0.01 dollar and confirmation in the next block so it means it is one of the cheapest and best coin to play.

I go even further and use casinos where I can use different FIAT types and I love to play very cheaply that is why I go and choose IDR-Indonesian Rupiah to play even with 0.01 usd to 0.02 usd as a minimum bet by extending my sessions a lot of time thanks to this currency.

when the price of transaction fees is high maybe more people who gamble will no longer use Bitcoin to gamble and choose another coin that has lower transaction fees. actually, there are currently a lot of networks that make transactions cheaper, it's just that for Bitcoin, the BSC network at some crypto casinos doesn't accept the network, so we are forced to have alternative coins that are cheaper or even choose stable coins.
with the increase in Bitcoin transaction fees will be very influential especially small gamblers.

I admit that using the IDR value on some casino sites is very profitable when betting with a very low minimum bet. but sadly not many casinos have IDR value.
there is another alternative when you want to bet with a small minimum amount, you can choose the INR value.

Aikidoka

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Mostly, I use Bitcoin or USDT and sometimes I also use LTC because they have low transaction fees. It depends on what I have available at the moment. Additionally, it has been quite a while since I last used fiat for gambling. I prefer to gamble using my crypto as it's also quite easy to do. Whether I gamble with a stable coin or not doesn't matter to me, as long as I'm making a profit.

I don't feel the need to keep track of my losses and wins ratio because lately, I gamble purely for fun and I don't invest a lot of money into it.

mvdheuvel1983

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USDT and Bitcoin. I haven't though about gambling with any other cryptocurrency out there as I have been using these two since the past four years and never had any issue with them. I alternate between based on market factors, convince and instinct. Sometimes, it seems like I win when I used USDT and lose when I used Bitcoin and vice versa but I know it is just my crazy personal superstition. I have friends who use other crypto and have encouraged me to try them out, maybe I will or will not.

Topic: Which Crypto coin Do You Gamble with the Most? - page 2. (Read 805 times)