It's rare in the gambling industry to have a site that receives very little negative attention. Crypto-currency gambling site DirectBet was one of those rare sites with which there have been little to no issues for players. But none of that matters any longer, because DirectBet has shut down unexpectedly, without any notice to speak of for its players, ending what was an unabashedly positive run in the crypto gambling industry.
What made DirectBet as special as it was is the fact that they did not require full on deposits from their players. All players had to do to be a part of the action on DirectBet was select a game that they wanted to wager on and send the amount of crypto-currency that they wanted to risk on that one event. Once the game was over, winning bets were paid back to the wallet address that the player used to send their funds to DirectBet, and it was as simple as that.
What made DirectBet as special as it was is the fact that they did not require full on deposits from their players. All players had to do to be a part of the action on DirectBet was select a game that they wanted to wager on and send the amount of crypto-currency that they wanted to risk on that one event. Once the game was over, winning bets were paid back to the wallet address that the player used to send their funds to DirectBet, and it was as simple as that.
While this was certainly a sharp turn away from the business model of most online gambling sites, it was different in the best possible way. Rather than having to deal with depositing a specific amount into a gambling site, then facing the dilemma of whether or not to make a withdrawal after placing a winning bet, DirectBet put every win right back into your wallet, which is as convenient an innovation as there can be in the crypto-currency gambling industry.
Of course, this innovative model could have been what got in their way. With the value of crypto-currencies such as bitcoin on the rise, both in value and in popularity, the cost of making transactions along the network have also risen, as they approach .001 bitcoin just to transfer funds from one wallet into another. Given that DirectBet was sending every single winning bet back to the wallet of the player who placed the bet, there is no doubting that DirectBet was cutting way into its potential profits by maintaining the model that they did, something that other gambling sites didn't have to deal with.
DirectBet was praised just about universally for their strong selection of available betting markets, as they looked like most other betting sites, only with the added advantage of not requiring players to make deposits other than the amount they wanted to wager on a specific event. To say that DirectBet will be missed would be putting it lightly.