Post
Topic
Board Gambling discussion
Re: Gambling with altcoins
by
Pettuh4
on 09/01/2018, 04:28:28 UTC
Bitcoin transaction fees is starting to get more and more expensive for gamblers to deposit into their account on gambling sites, so I believe the market for altcoins will grow bigger in future on the gambling community, and we can surely expect to see more players wagering with altcoins.
In altcoins market we have a lot of choices and I hope more casinos will accept altcoins so it will give us a chance to gamble all the time.
Bitcoin is good but not this days due to the transaction fee and you cannot just bet small amount as the fee alone will already kill your bankroll, still majority are accepting only bitcoin but sooner they will realize that it will attract more customers when they start accepting altcoins.

I personally don't understand why all Bitcoin / cryptocurrency casinos don't accept the top 10 cryptos and just convert them into their own crypto and then you could exchange or use the equivalent value of the one you deposited (such as BTC, LTC, Monero, etc.) and cash out in one of those.

The days are over where BTC is the only player in the game. Now there are cryptos coming out left and right and nothing is going to stop that. BTC just needs to improve and hopefully soon because fees are through the roof (obviously).
Basing on the current situation of bitcoin when it comes to fees and confirmation times then i would say altcoin is much more better when it comes to these things nowadays.Luckily most gambling sites are giving these options not for the sake of players but also for them because fees will surely hurt em up if players decide to withdraw specially when theres lots of players on the sites.I havent seen as of now a gambling site has its own token which can be converted to other coins.

That is the reason why i use altcoins for gambling these days because it is able to confirm faster and comes with very low transaction fees. Bitcoin is slow and on the high side these days and so it makes every sense to use the alts. I also think it will be great to have gambling houses with their own tokens where we can even mine them to gamble on the site.