Post
Topic
Board Gambling
Re: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team
by
terciduk123
on 01/01/2024, 03:16:00 UTC
-snip-
Agree, people still can be paranoid ~XD

Yep, Eddie had said that in one of his weekly stream a long time ago.
To bad, because they can drain out more money and get more profit by putting the fee exchange at least minimum 5%. IMO, the reason why they really avoiding these don't want player meet minimum withdraw by exchanging all balance from different coin into a single coin.

The problem is, I think if they want to offer exchange they would need yet another license.
And licensing is already an issue for stake obviously. Also money laundering issues would play a role in that.
There are plenty of sites where you can exchange your coins, even without verification and for a reasonable price. No need to do that at a casino in my opinion.

Why exchange facilities need on gambling site? A gambling site needs large enough servers to store various games and user data and have to update them constantly, so if they want to have exchange facilities as well, their site may be down at times and on the other hand they will need a license.  So gambling sites avoid it.  And I personally don't think a gambling site should have exchange facilities.  Although if it was we could avoid withdrawal fees by selecting other coins while withdrawing.

Betting sites with exchange features seem interesting, because when tired of a particular coin can switch to gambling another coin, besides it can also be a solution when making coin withdrawals to be cheaper and faster.
The exchange is not a general exchange like Binance, Gate and Kucoin. Unless it's just a feature for swapping a particular token/coin to another, it may be added with some specific requirements to use this feature. So that the exchange feature on the betting site is different from the exchanges in general.