I just tried to use the exchange on WinDice, but it appeared that my balances(of any coin) were too small to do that.
Can someone explain what are the reasons for such high minimum amounts one can exchange?
The minimum exchangeable amounts on WinDice currently are: 0.03102699 ETH for Ethereum, 0.001 BTC for Bitcoin, 0.06535948 LTC for Litecoin and 1785.71428571 DOGE for Dogecoin. It's not that I'm trying to say that the min amounts have to be lower, I've noticed that on other gambling sites where you can exchange coins the min amounts are almost the same, I just want to know the reasons behind that.
How it could be bad for a gambling site if the min amount was, say, 0.0001 BTC instead of 0.001 BTC?
I don't know the exact reasons but maybe this is done to prevent potential shenanigans
Bitsler and duckdice have exactly the same minimum amounts +- 10k satoshi
it is an equivalent of 100k satoshi , roughly
as for the maximum amount , I heard there were potential exploits of the exchangers , arbitraging coins when the rate jumped up and down more than the site's commission
so the "trader" would just make money with some sort of a trading bot but since the rates are updated very often , the chances of making money or abusing the system are very low