Quite interesting to see all those improvements at YOLOdice! The integration of ETH payment option is going to further increase the ease of playing at the site, unlike when it used to be until LTC came on board. However the possibility to have an internal exchange system will go a long way in bring out the beauty of having a number of payment options. RGB-Exchange was obviously doing a good job in the exchange to and fro of BTC and LTC, was however disappointed to see it has been put on hold. Please have it working again!
There is a HUGE demand for an exchange indeed. RGBKey decided to stop his exchange bot because the market prices were so volatile that providing exchange service with 1% fee was too risky for him.
RGBKey, if you are reading this - maybe you could re-launch the exchange with a higher fee until we complete the on-site exchange?
Cheers,
Ethan
maybe you can have a look at Bitsler's exchange and the way they implemented it
it has a very high fee from what I can tell,maybe even as high as 3%+
the rates are fixed for a set period of time,30 seconds and then they are updated to reflect changes
exchange itself should be very profitable since many gamblers would want to deposit in one cryptocurrency
and wager in a different one and the exchange % would not matter much (unless it is outrageously high)
I used their site about a year and a half ago and it was seemless to use their exchange. So for them this way of exchanging between all those different alt coins do work.
But they charge 3% in fees to exchange on the site? I would have never have guessed it because with doge and litecoin at the time I was there, it was such a minute amount the player doesn't really know it was even applied at this rate.
But with ethereum you will notice the fee amount taken off. But 3% isn't that much if you think about it.
Yolodice could even charge 5% if they wanted too because it is up to the player if they are in need of it right away to do their wagers or if they want to do it off site and get charged less by the method of exchange they choose to use.
That would be totally up to them.
But it is good to atleast allow the choices to be available to the player.
As variety is what everybody are really seeking at the end of it all.