Gambling site... how do they store gold?

[shuyin82]

A friend of mine is in the process of creating a Runescape gambling site, How could he store players gold safely without risk of ban (therefore loss of players balance)

 

It’s a risk they have to take. I doubt there’s any special way they hold the money. Bogla probably used his site to sell the gold when people used to deposit and probably cashed them out with stock they had on their site.

 

[Xier0]

A friend of mine is in the process of creating a Runescape gambling site, How could he store players gold safely without risk of ban (therefore loss of players balance)

You would use fractional reserves and only hold enough gold to process withdrawals instead of holding every player's balance in full.

 

[ob7ivion]

probably using multiple accounts, to lower the risks of losing GP when a mule gets banned.

 

[Baus]

bans are going to happen regardless of how safe you are and holding alot with alot of volume bruhh

 

they sell the gold asap, on gambling websites ur also expect to lose everything with most of them offering -10% margin for you, if you get a lucky streak, they can pay u off with the new deposits, or buy gp, because they hold btc.

 

yeah youre best off holding fractional reserves and just buying/selling gold when people deposit and withdraw