Post
Topic
Board Gambling discussion
Re: FTX bankruptcy has any effect on gambling ?
by
CryptoYar
on 12/11/2022, 13:43:20 UTC
Quote
The developing story is that Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy. FTX is one of the popular exchanges and i think gamblers might be using this exchange to transfer funds to gambling sites as that exchange had no tx fee. Do any of you uses FTX exchange to transfer funds to and from the gambling site?
Yes, I have used FTX exchange a few times and one withdrawal per day was free. However, I have never withdrawn crypto from that exchange to a casino. But to my personal wallet.

Let's suppose you have funds on FTX, now that you are unable to withdraw, will you halt gambling for the time being and how will you survive this time?
I never hold my funds on an exchange so I don't have any issues. Yes, some people keep their funds on exchanges due to staking or for other reasons. This is a lesson for them to never hold their funds on a centralized exchange in future.