Jump to content

AVOID BC SWAP


Amuna1225

Recommended Posts

I don't care if i get banned for this or whatever but the BC swap feature is a huge ripoff, i checked out some pairs and you're losing between 3-5% in the exchange compared to the market price (I used binance prices and coingecko prices).

 

There are much better options offsite at instant exchanges that do not require ridiculous amounts of confirmations. Avoid the BC swap at all costs. The only time i'd recommend using it is to get out of an ETH token or ETH since gas fees would likely cost more than swapping to a currency that is cheaper to withdraw like LTC, Doge, TRX, XLM, ect. 

Bestchange.com = Shows all popular instant exchanges and lets you select which currency you have and which you want and shows rates in real time along with the minimum and maximum amount you can swap. 

Sideshift.ai = One of the best instant exchanges out there that also offers a rewards/loyalty program. You lose less than .05% on most trading pairs. 

Fixedfloat.com = One of the best major instant exchanges out there and offers the best rates for almost every pair on bestchange.

Sideshift and fixedfloat do not allow US users. Just use a vpn and you can get around it.

Link to comment
Share on other sites

Meh... the spread is crap, I agree, but on the other hand, there are NO gas costs or per-transaction fees when doing an exchange, and the minimums are nice and low. For the average gambler, their typical deposit and withdrawal amounts are too low to justify sending BTC, ETH, or ERC20 tokens back and forth, because the blockchain fees are crazy high... we're talking $5 to deposit and over $10 to withdraw.

So if you want to play with, say, $200 worth of BTC, you're better off depositing using a cheaper / faster blockchain (LTC and XLM both cost a fraction of a cent to deposit / withdraw) and converting to BTC with BC swap - and for withdrawing small amounts like that, you come out ahead if you do the same thing in reverse: even if you want to hold your winnings as BTC you pay less if you swap it for LTC, withdraw to an exchange like Coinbase, then change it back to BTC. Or if you win big, just withdraw the BTC 🙂

Remember guys: this is a CASINO not a cryptocurrency exchange for serious trading... but its a casino that offers what I'd call "basic crypto banking" services for your convenience. And they do it well - I mean, 5% APY on vault deposits is pretty damn cool... of course you can earn more than that staking certain coins on various exchanges / DeFi platforms, but who's going to go through the complicated process of unstaking your currency and sending it to bc.game every time you wanna gamble a few bucks (and vice versa)

So by having vaults on bc.game that pay a decent fixed return, combined with basic exchange facilities that are hassle free, it greatly reduces the need for external deposits and withdrawals for day to day use of the platform. One day I hope to be rich enough that I need to do my banking on a real exchange... and to have the luxury of HODLing my winnings instead of spending them on rent and groceries.... but for now, as a semi-pro crypto gambler and speculator, my workflow more often looks like this: 

- insert $100 cash into a crypto ATM at the quickie mart ->
- scan bc.game LTC deposit QR code at the ATM ->
- use BC swap to choose a currency that has good potential for short term gains (or keep it as LTC, depending on the market)
- grow bankroll while using BC swap to maximize my gains based on what's hot in the market, and/or to divide my bankroll into chunks for risk management purposes
- stop when bankroll reaches $500
- return to quickie mart and withdraw $300 cash from the ATM (by sending LTC directly from bc.game wallet, using bc.swap if needed). transfer remaining $200 to bc.game vault.
- visit the marijuana store across the street from quickie mart and purchase legal canadian cannabis 
- smoke the cannabis, unwisely decide to gamble some more, withdraw $200 from vault to bankroll, lose it all on some stoner variation of a martingale, and thank God that I was responsible and withdrew $300 before becoming intoxicated, thereby leaving me with a 3x profit on my investment.

total time: 2 hrs

Cheers 🙂

Link to comment
Share on other sites

  • 1 month later...
  • 2 weeks later...
On 3/25/2021 at 8:24 PM, spiritanimal said:

Meh... the spread is crap, I agree, but on the other hand, there are NO gas costs or per-transaction fees when doing an exchange, and the minimums are nice and low. For the average gambler, their typical deposit and withdrawal amounts are too low to justify sending BTC, ETH, or ERC20 tokens back and forth, because the blockchain fees are crazy high... we're talking $5 to deposit and over $10 to withdraw.

So if you want to play with, say, $200 worth of BTC, you're better off depositing using a cheaper / faster blockchain (LTC and XLM both cost a fraction of a cent to deposit / withdraw) and converting to BTC with BC swap - and for withdrawing small amounts like that, you come out ahead if you do the same thing in reverse: even if you want to hold your winnings as BTC you pay less if you swap it for LTC, withdraw to an exchange like Coinbase, then change it back to BTC. Or if you win big, just withdraw the BTC 🙂

Remember guys: this is a CASINO not a cryptocurrency exchange for serious trading... but its a casino that offers what I'd call "basic crypto banking" services for your convenience. And they do it well - I mean, 5% APY on vault deposits is pretty damn cool... of course you can earn more than that staking certain coins on various exchanges / DeFi platforms, but who's going to go through the complicated process of unstaking your currency and sending it to bc.game every time you wanna gamble a few bucks (and vice versa)

So by having vaults on bc.game that pay a decent fixed return, combined with basic exchange facilities that are hassle free, it greatly reduces the need for external deposits and withdrawals for day to day use of the platform. One day I hope to be rich enough that I need to do my banking on a real exchange... and to have the luxury of HODLing my winnings instead of spending them on rent and groceries.... but for now, as a semi-pro crypto gambler and speculator, my workflow more often looks like this: 

- insert $100 cash into a crypto ATM at the quickie mart ->
- scan bc.game LTC deposit QR code at the ATM ->
- use BC swap to choose a currency that has good potential for short term gains (or keep it as LTC, depending on the market)
- grow bankroll while using BC swap to maximize my gains based on what's hot in the market, and/or to divide my bankroll into chunks for risk management purposes
- stop when bankroll reaches $500
- return to quickie mart and withdraw $300 cash from the ATM (by sending LTC directly from bc.game wallet, using bc.swap if needed). transfer remaining $200 to bc.game vault.
- visit the marijuana store across the street from quickie mart and purchase legal canadian cannabis 
- smoke the cannabis, unwisely decide to gamble some more, withdraw $200 from vault to bankroll, lose it all on some stoner variation of a martingale, and thank God that I was responsible and withdrew $300 before becoming intoxicated, thereby leaving me with a 3x profit on my investment.

total time: 2 hrs

Cheers 🙂

A++ would read again 😂 dead nail in the coffin. Sorry op, your post is invalid.

Link to comment
Share on other sites

  • 7 months later...

I tried to make money on Forex, but nothing worked out for me, now I started playing roulette in a casino, it fascinates me a lot, moreover, with the right strategy, you can always be in the black, but there is one thing, you need to be able to stop in time, otherwise you will lose everything back, excitement is cool.

Link to comment
Share on other sites

On 1/20/2022 at 9:52 AM, Serpa said:

I tried to make money on Forex, but nothing worked out for me, now I started playing roulette in a casino, it fascinates me a lot, moreover, with the right strategy, you can always be in the black, but there is one thing, you need to be able to stop in time, otherwise you will lose everything back, excitement is cool.

Hello friend in misfortune. I also couldn't trade binary options on Forex. And in poker, I'm great at making money. Regarding roulette, you can try the casino https://superboss.com/en-ca I hope you are lucky, friend in misfortune. The main thing is that you think correctly that you need to be able to stop in time so as not to lose everything to the last dollar. Good luck!

Link to comment
Share on other sites

  • 2 weeks later...

Graff, I lost a lot of money in Forex, and I often win in the casino. Now I play in online casinos in Canada on slot machines using the strategies of experienced players. Everyone thinks that you can only win at slot machines by chance, but this is not true. There is a game tactic when you follow your bankroll and stay on top. You always need to learn and then everything will work out.

Link to comment
Share on other sites

  • 1 month later...
  • 3 months later...

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...