Quote from: Agbamoni on August 12, 2024, 01:35:47 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.

That's not fair. Online casinos are going to spoil the business if they choose to start taking such fees from their customers. There are enough losses in a day for them to make good profits, unlike centralized exchange where a coin cannot completely be null unless the price drops so low or a pump-and-dump altcoin.

When we bet in a casino and lose the money automatically belongs to the casino. And in a day, there are a lot of persons who make losses from gambling. Taking extra gambling fees is greediness in my own point of view and should be done by any casino website at all.

Exactly, this was what I am about to say. Gambling site are draining people dry by the day, each time you gamble the chances of wining is 1/10. That is in every 10 tickets you play, you are likely to lose 9 and win 1 that is if you are even lucky. So Invariably the gambling site makes alot of money even without gambling fee. In other words exchange charges fee for transaction, but we don't lose entirely. Cryptocurrency market is a volatile market when we buy, we may make alot of profit on a regular basis expecially for those that do buy Bitcoin and HODl or the traders. So if exchange charges fee there is nothing wrong because it's a nice business to invest in compeard to gambling.