Which cryptocurrency do you use for gambling frequently? - page 2.

blockman

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Quote from: limazulu on April 06, 2020, 10:02:02 AM

I usually use Bitcoin when gambling. I always deposit one big amount to save some tax costs. Try looking into Bspin (https://bspin.io/). My experience with them has been great so far.

How much you're talking about the big amount?

Quote from: Genemind on April 06, 2020, 06:53:38 AM

As much as possible I avoid using cryptocurrncies such as BTC or ETH not just to avoid the fees for transferring to the platform from my wallet and vice versa. I would rather store and accumulate them than to risk it in gambling. If ever I have spare money for gambling I buy XRP since the fee is cheap and transaction is fast.

Accumulating and saving it is what the majority does but it wouldn't hurt you much if you know how to manage your money when you gamble. BTC, ETH or any important altcoin you own, you can gamble them with any amount as long as it's a very small amount.
But most of the casinos are bitcoin-focused if not, prioritizes bitcoin and accepts some other major altcoins.

panganib999

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No doubt that it is Bitcoin and Ethereum which are mostly being used by many gamblers. This is no longer surprising to know because even in other online services, these two are sitting above other cryptos. I do not exactly know why they are more often used, maybe people are just used to these coins, coinsidering that these are the top cryptos in this industry. But there are still people who do not use these coins to gamble due to investment purposes. They do take care of their holdings and I do sometimes think that gambling is an unnecessary use of my investment, but am still doing it due to the enjoyment I experience. But if I would be asked which should be used, I'd say depending on your own likeness because it would be the same. You can trade your other holdings into Bitcoin or ethereum in order to still take good care of investments but ofcourse it would cost more of your time.

limazulu

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I usually use Bitcoin when gambling. I always deposit one big amount to save some tax costs. Try looking into Bspin (https://bspin.io/). My experience with them has been great so far.

Debonaire217

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Quote from: Ailmand on March 28, 2020, 09:55:30 PM

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

Indeed correct, but for me, as long as you are buying BTC at rates acceptable and you will win BTC higher than how much you've risked, I think it is acceptable to still use BTC for betting. Unless, BTC transaction fee is too high that it affects the frequency of your bets. But it is not always the case, most of the time, crypto gambling sites will allow you to decide how much you want to bet in order to play decent amount of games and win decent depending on the amount you've bet.

IMO, to play efficiently, we could try to use altcoins that we are not actually using for usual transactions, those that the purpose are merely for gambling, because like trading, some gambling site have their own crypto to use and it provides perks and discounts.

Genemind

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As much as possible I avoid using cryptocurrncies such as BTC or ETH not just to avoid the fees for transferring to the platform from my wallet and vice versa. I would rather store and accumulate them than to risk it in gambling. If ever I have spare money for gambling I buy XRP since the fee is cheap and transaction is fast.

panjul07

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Quote from: BlackFor3st on April 05, 2020, 10:45:36 PM

Quote from: Nadziratel on March 21, 2020, 02:43:50 AM

With the retreat in the price of Bitcoin, this question started to come to my mind. I personally mostly like trading with ETH. I think both liquidity and mobility are faster. However, as a result of the price decrease experienced in the previous weeks, we have seen that the balances we tried to earn are rapidly melting against the USD.

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.

Currently I am using BTC in my gambling as I didn't find any decent site that offers other type of currencies like eth,xrp and etc. that have a lower transaction fees. I am really looking for some decent gambling sites that offers those currencies so I can save to transaction fees upon depositing and withdrawing my money.

Aside from that bitcoin also takes few minutes to be confirmed or worst it will take days if you use a very small transaction fee so I really love to use eth or xrp if there are other gambling websites that offers this kind of currencies.

You must be kidding if you did not find any decent sites that accepts good altcoins like what you mentioned above. How about Stake? Bitsler? Dont you think they are decent sites or havent you tried or even heard about them before?
Both sites accepts eth and xrp if you do like to use these coins, check them out if you havent checked it.

BlackFor3st

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Quote from: Nadziratel on March 21, 2020, 02:43:50 AM

With the retreat in the price of Bitcoin, this question started to come to my mind. I personally mostly like trading with ETH. I think both liquidity and mobility are faster. However, as a result of the price decrease experienced in the previous weeks, we have seen that the balances we tried to earn are rapidly melting against the USD.

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.

Currently I am using BTC in my gambling as I didn't find any decent site that offers other type of currencies like eth,xrp and etc. that have a lower transaction fees. I am really looking for some decent gambling sites that offers those currencies so I can save to transaction fees upon depositing and withdrawing my money.

Aside from that bitcoin also takes few minutes to be confirmed or worst it will take days if you use a very small transaction fee so I really love to use eth or xrp if there are other gambling websites that offers this kind of currencies.

DabsPoorVersion

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I am using eth and btc,

The transaction fee for using btc is a little bit higher, so I am using eth most of the time. I am planning to use other type of cryptocurrency such as XRP but for now, I focus using more on eth since the website that I am using is accepting only eth and btc.

xSkylarx

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XRP and Doge for me. Bitcoin is commonly used however, the transaction fee hurts a lot. Gambling platforms usually has alternative currencies so that gamblers have different options. BTC and ETH are commonly used however, due to the current market situation, I don't think it is wise to use them for gambling.

Eugenar

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I have played once the online gambling and I use bitcoin because that is only what I have, I did not play it again because it is not that entertaining when playing online compared to casino gambling, I am gambling just to kill time and to be entertained and I can only find it with casino gambling or the real gambling and one of the reason is that some of the gambling sites are not paying well.

Vaculin

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Quote from: Kurokonobasuke on April 03, 2020, 04:52:08 AM

There’s a lot of crypto currency that we can used in gambling but those crypto currency has a high exchange rate and I think as a gambler it is disadvantage if I choose a currency that has a high exchange rate.

I don't see it that way, bitcoin for example has a high exchange rate but it's more stable compared to other crypto assets.
For me what is important is that it has good liquidity so gamblers can easily cash out and cash in anytime.

Quote from: Kurokonobasuke on April 03, 2020, 04:52:08 AM

For me, I frequently used XRP currency to play gambling because the exchange rate is very affordable so that I loved to used XRP as my medium in playing gambling.

XRP also has a good liquidity, but not all gambling sites are accepting XRP.

Kurokonobasuke

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There’s a lot of crypto currency that we can used in gambling but those crypto currency has a high exchange rate and I think as a gambler it is disadvantage if I choose a currency that has a high exchange rate. For me, I frequently used XRP currency to play gambling because the exchange rate is very affordable so that I loved to used XRP as my medium in playing gambling.

Lanatsa

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Quote from: South Park on April 01, 2020, 12:53:38 PM

Quote from: Ailmand on March 28, 2020, 09:55:30 PM

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

But that is only true if you are holding altcoins like those, if you are only holding bitcoin like the majority of the people in the forum then if you want to gamble you have no option but to gamble with bitcoin, since it does not make sense to convert your bitcoin into altcoins since now you need to pay a transaction fee and pay a fee to the exchanges well and finally you will need to pay a transaction fee to transfer your coins to the casino, as such I do not see the point of forcing yourself to gamble with altcoins if you do not have them and you are only holding bitcoin at the moment.

Fees would really be there in terms of conversions from BTC to alts yet we know that there are even gambling sites that do have
on site instant exchange.Therefore, you can still directly convert into those coins you do like but well a been said, people would
most likely to play directly with bitcoin rather than minding theirselves to have conversions from time to time.

Quote from: KrisAlex18 on April 01, 2020, 05:13:36 PM

Well, the cryptocurrency that I mostly used when gambling is bitcoin, well actually that will be the cryptocurrency that will be used by the others if they really want to earn more money in gambling because as far as I know, the higher that value you bet then the higher the reward you may have if you win.

So if you are strong enough and you are believing that can win in gambling then you should use bitcoin to make more money. There is so big differences when you use other cryptocurrency because as we all know there is so big difference between the price of the bitcoin to the price of other cryptocurrency.

When it comes to long term aspect then bitcoin do really have it but when we do talk on using alts temporarily then it still a considerable act if we do still decide to convert those
alt winnings to btc holdings.

KrisAlex18

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Well, the cryptocurrency that I mostly used when gambling is bitcoin, well actually that will be the cryptocurrency that will be used by the others if they really want to earn more money in gambling because as far as I know, the higher that value you bet then the higher the reward you may have if you win.

So if you are strong enough and you are believing that can win in gambling then you should use bitcoin to make more money. There is so big differences when you use other cryptocurrency because as we all know there is so big difference between the price of the bitcoin to the price of other cryptocurrency.

South Park

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Quote from: Ailmand on March 28, 2020, 09:55:30 PM

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

But that is only true if you are holding altcoins like those, if you are only holding bitcoin like the majority of the people in the forum then if you want to gamble you have no option but to gamble with bitcoin, since it does not make sense to convert your bitcoin into altcoins since now you need to pay a transaction fee and pay a fee to the exchanges well and finally you will need to pay a transaction fee to transfer your coins to the casino, as such I do not see the point of forcing yourself to gamble with altcoins if you do not have them and you are only holding bitcoin at the moment.

Russlenat

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Quote from: onrise on March 29, 2020, 02:23:02 AM

Initially used to think crypto is the best but then realised that it is highly risky to use cryptos because in gambling the results more or less when I play is known as I play for enjoyment and losing streak is higher in my case So eventually I end up losing good coins and later on the price rises of this coins.

Forget about its price rising as it could also dump, there's no guarantee and it's just based on timing.
You are not an investor or a trader when you are gambling, you should not mix up things so it will not confuse you and that will not affect your game plan, make some schedule that will let you regularly cash in and cash out, and that's it.

onrise

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Quote from: smyslov on March 29, 2020, 12:21:29 AM

Quote from: Ailmand on March 28, 2020, 09:55:30 PM

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

I also do not deposit using Bitcoin although it's popular among the gambling sites, I prefer Doge or XRP if there are options to deposit with these coins it's faster cheap and convenience I once deposited Bitcoin but it took 6 hours to confirmed the transactions and I even use a transaction accelerator to help the transaction.

Initially used to think crypto is the best but then realised that it is highly risky to use cryptos because in gambling the results more or less when I play is known as I play for enjoyment and losing streak is higher in my case So eventually I end up losing good coins and later on the price rises of this coins. So I even miss out the money making opportunity if I had hold those coins.

noormcs5

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Quote from: smyslov on March 29, 2020, 12:21:29 AM

Quote from: Ailmand on March 28, 2020, 09:55:30 PM

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

I also do not deposit using Bitcoin although it's popular among the gambling sites, I prefer Doge or XRP if there are options to deposit with these coins it's faster cheap and convenience I once deposited Bitcoin but it took 6 hours to confirmed the transactions and I even use a transaction accelerator to help the transaction.

Normally it does not take 6 hours for the BTC transactions to be confirmed. Most of the transactions are confirmed in 30 mins if you put the recommended tx fee. Most probably you have put the minimal tx fee and that's why it took you 6 hours to confirm. I also use bitcoin too while playing gambling, becasue i transfer one time big amount in gambling site to save tx cost, and keep on playing with that balance.

smyslov

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Quote from: Ailmand on March 28, 2020, 09:55:30 PM

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

I also do not deposit using Bitcoin although it's popular among the gambling sites, I prefer Doge or XRP if there are options to deposit with these coins it's faster cheap and convenience I once deposited Bitcoin but it took 6 hours to confirmed the transactions and I even use a transaction accelerator to help the transaction.

TitanGEL

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Quote from: DevilSlayer on March 28, 2020, 11:03:19 PM

Quote from: Ailmand on March 28, 2020, 09:55:30 PM

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

But the thing is, gamblers are now used to gamble with btc and even the market is declining; they are still using it because it is where they are comfortable. I do gambling also and I also use BTC in gambling, the majority of the gamblers are using bitcoin for gambling. For me it is more convenient than to use any alts but the bad side is the fee that can considered as expensive.

I also frequently use bitcoin as coin for me to gamble, but there are times that I use xrp or eth in gambling sites that have feature about using and depositing alternate cryptocurrencies. But the thing is it is not really important on what coin that we are using when we gambling because the important thing is we should make money when we do gamble in order to grow our fund.

Topic: Which cryptocurrency do you use for gambling frequently? - page 2. (Read 628 times)