Quote from: Antotena on Today at 09:27:47 PM

Quote from: Odusko on August 12, 2024, 01:20:13 PM

The motive of this thread is for us to discuss what will be you stands if online casinos charges you fees on each game you play on them, same way excahges charges you on each trading position you open, and why should excahges charges fees and casinos not charging such fees, First of all the First objective of every business is to generate revenues, so at first I wasn't curious about this, but recently I began to wonder why the difference between excahges and casinos when both have similar features which are licensing and KYC.
If exchanges take trading fee's their call it value added taxes which some part get remitted to the government.
But online cryptocurrency casino's act in the same vain because both trading and Gambling are the same it all aim at either profits or lose, but while gambling plartforms let go of the fees, exchange charges us on each regardless wether we make profits or lose in the trading position.

Centralized exchanges doesn't take your money, they only give you a medium to trade between one trader to another and in that way they charge you some fees which is more like there own commission and for withdrawals is the fee you paid to get your coins from your exchange wallet to your own personal wallet or destination address where are casino are there to collect your money because you are strictly betting against them with motive of making money.

The centralized exchanges are just business people, take them like the way bank work and you will understand them more better. You are betting against casino and they wouldn't charge you because they have already taken their money but centralized exchanges doesn't do that. If they take your money and get liquidated, you're paying that money to another trader as profit and not the exchange and revenue must be paid for service in your country.

Yes, agree with the thought you express. A crypto exchange platform and a crypto casino will never be the same. Generally exchange platforms charge a small trading fee from a user but his main investment is in the exchange platform. But when someone is gambling there is no need to charge the casino fee because if the casino wins there they are able to take the full amount of the gamblers bet. They have income in this way. Many casinos may take a small amount of their house edge against gamblers' bets but that is an internal matter for them as the amount paid to gamblers against bets remains open. So I wouldn't think of an exchange platform and a crypto casino platform as the same thing.