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Playing in bitcoin

A balance denominated in bitcoin has a second dimension a rand balance does not: it can be worth more or less tomorrow without a single bet being placed.

not measured by Plannerpick one unitflat feestiming matters

Two sources of change instead of one

In a rand account, the balance changes when you win or lose. In a bitcoin balance it changes for two reasons, and only one of them is the games. Most sites display a converted figure alongside the coin amount, which hides how strange the arrangement is: a session that ends level in coin can end down in rand, and the reverse.

The rule that keeps this readable is to pick one unit and measure in it consistently. If you think in rand, convert at the start and at the end and ignore the coin figure in between. If you think in coin, ignore the converted display. The failure mode is switching between them, which is how a losing session gets recorded as a flat one.

The flat fee, and what it means for small transfers

A bitcoin transfer costs a fee that depends on network congestion rather than on the amount being sent. That single fact drives every practical decision here: a fee that is trivial on a large transfer is painful on a small one, and the same transfer costs different amounts on different days.

What you sendWhat a flat fee doesWhat follows
R 300takes a visible sharecombine it with the next one
R 1 500a noticeable sliceworth timing
R 6 000barely registersfewer, larger movements win

Identical arithmetic to every other asset with a flat fee — which is most of them, at different price levels.

The one question to answer first

Before choosing between bitcoin and a stablecoin for this purpose, answer one question: how long will the money sit between buying it and playing it? An hour makes the choice almost irrelevant. A week makes it the largest variable in the session, larger than any difference between the casinos in this catalogue.

Bitcoin suits

  • A balance you intend to hold anyway.
  • Someone who already thinks in coin rather than rand.
  • Cashiers that list it, which is nearly all of them.

A stablecoin suits

  • Money that is going to be played soon.
  • Anyone who wants the amount bought to be the amount that arrives.
  • Keeping the session's bookkeeping in one unit.

Practical differences in the cashier

Nearly every site in this catalogue lists bitcoin, so it is credited directly almost everywhere. What differs is the minimum, which is usually quoted in coin and therefore moves with the price — a fixed-looking figure that is not fixed in rand at all.

At the working rate this site uses, about R 18 to the dollar, a $10 minimum is roughly R 180. That is orientation rather than a quote, and the coin-denominated version is the one the cashier enforces.

One route, and the same door at the end of itWhich is why nothing on this site is ranked: a position that cannot be sold is not worth dressing up as a verdict.
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Where this page stops

These carry on from here: Back to rand, Rand to crypto, The route a rand takes, in both directions.

Questions people actually ask

Is it better to play in bitcoin or a stablecoin?

It depends on whether you want the balance to move. A stablecoin holds the amount you bought; bitcoin can be worth more or less by the time you withdraw, in either direction and for reasons unrelated to the games.

Why do fees change from day to day?

The network fee depends on how busy the network is rather than on how much you send, so the same transfer costs different amounts on a quiet day and a busy one.

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