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CntryBoy

Do you prefer withdrawing or using the vault?

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I do not recall seeing a topic about this, so if this is a topic already covered then I apologize.

I am curious as to whether you all prefer to withdraw your profits/winnings or if you use the vault feature, whether it is here on PD or anywhere else that offers a vault?  For me, I prefer to withdraw my funds as I feel that I am less likely to redeposit the winnings right away if I happen to lose/bust my remaining funds.  In the past I have used the vault, but I find myself moving the vaulted funds back to my playing balance if I bust.  I'm sure it is a psychological thing, as it is not difficult to redeposit after a bust, but I find that I am less likely to redeposit than I am to remove the funds from the fault to try to recover.  It seems the only time I really use the vault recently is to move some of my playing balance there for safety if I am running something on auto and step away from my laptop for a while, this way I do not bust if I hit a long red streak in that time.

What do you all think?

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I am using the vault for a long time and I've gathered so much btc here that I'm starting to thinking 'what if somehow pd/stake goes down/hacked' and I lately ordered a trezor to put everything there and be finally safe. But so far vault was perfect for me.

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Initially I always use Vault to save some of the balance I have and the profit I get, but for me it is not a way to secure my balance, on the contrary, if I lose the game and my main balance runs out, then I can easily withdraw again my balance to the main balance to continue the game

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4 hours ago, MateuszHDHR1 said:

I am using the vault for a long time and I've gathered so much btc here that I'm starting to thinking 'what if somehow pd/stake goes down/hacked' and I lately ordered a trezor to put everything there and be finally safe. But so far vault was perfect for me.

I can understand the predicament if the site was ever hacked and/or went down, but I'm pretty confident that our funds are safe on PD as they would be anywhere else.  Obviously a Trezor or something is ultimately safer, but I'm sure we have nothing to worry about here.

4 hours ago, Noeprellik1 said:

Personally, I choose direct withdrawal, because sometimes there is stil temptations to play with my winning if I keep in vault 

That is my feeling exactly.  I know redepositing and moving funds back from the vault virtually serve the same purpose, I just feel I am more likely to lose the vaulted funds.

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I think it will indeed happen like that, with the funds in the vault might be safer from thirst we will always want to win by risking everything, but I think differently about the vault, from the process a little longer I better keep it in another account that is in nature only as a bank. because it is faster to overcome when I experience lose and need additional energy to get the win.

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I only withdrew when i feel like trading for some time, mainly i use vault all the time,

it is bit annoying when u have to use your email every time to withdrew from vault.

More over vault is awesome feature to use as it save some time when u have a wrong script.

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Definitely prefer withdrawing over using the vault - It's the most failsafe method of storing your funds and you can always redeposit if needed. The vault does technically have 3-factor authentication, but if the site were to go down for any reason you wouldn't be able to access your funds on it until it was back up. This goes for any online service. So for this reason, I prefer withdrawing to my hardware wallet.

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I prefer using vault but honestly, taking it with a grain of salt, I believe these tools offered by the site is practically useless unlesss the person who utilize it ultimately has self-control or if someone (an another third party) controls the vault, as if the latter has access to his e-mail address used to the site so that the person can no longer touch the vault when his judgement becomes cloudy when he begins losing. But of course, at the very first place, if someone knows your e-mail address because you entrusted them, with that level of trust he/she will surely no longer condone you from gambling.

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Most people will prefer to withdraw money. I myself will withdraw money to continue investing in a number of projects other than gambling. Leaving a lot of money in the vault will make me continue to use that money to gamble and maybe I will lose all my money
 

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11 hours ago, sourc3code said:

Definitely prefer withdrawing over using the vault - It's the most failsafe method of storing your funds and you can always redeposit if needed. The vault does technically have 3-factor authentication, but if the site were to go down for any reason you wouldn't be able to access your funds on it until it was back up. This goes for any online service. So for this reason, I prefer withdrawing to my hardware wallet.

This is a good reason to withdraw in my view also.  If for some reason the site was to go down our funds would be stuck until it comes back.  I don't ever recall it going down for any extended period as long as I have been around though.

9 hours ago, syllable said:

Most people will prefer to withdraw money. I myself will withdraw money to continue investing in a number of projects other than gambling. Leaving a lot of money in the vault will make me continue to use that money to gamble and maybe I will lose all my money
 

That is the same way I see it.  It is much more tempting to me to gamble away funds in the vault as well.

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11 hours ago, sourc3code said:

Definitely prefer withdrawing over using the vault - It's the most failsafe method of storing your funds and you can always redeposit if needed. The vault does technically have 3-factor authentication, but if the site were to go down for any reason you wouldn't be able to access your funds on it until it was back up. This goes for any online service. So for this reason, I prefer withdrawing to my hardware wallet.

true you said, I'm used to storing some of my profits in vault. and when I lose and get a long red and my main balance runs out, I withdraw my balance that is in vault to continue my stalled game. and finally everything is gone. I should withdraw rather than save part of my profits in Vault

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1 hour ago, sheenaz.bay said:

true you said, I'm used to storing some of my profits in vault. and when I lose and get a long red and my main balance runs out, I withdraw my balance that is in vault to continue my stalled game. and finally everything is gone. I should withdraw rather than save part of my profits in Vault

That's how I see it as well.  But if you were to withdraw rather than use the vault, would you just redeposit what you withdrew or would having had withdrawn it keep you from putting it back to risk another loss?

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I do not hold on to something, but, sometimes the vault is pointless ...
if I want to continue betting temporarily I'm afraid that my coins will run out due to a total loss, then I prefer to keep some of it in vault before I start betting. however, if I believe that victory and luck are with me, then I will continue to bet without saving anything in the vault.
then, vaut also functions as a temporary wallet which can be said to be free administration ... if you want to bet for a long time, then I will keep my coins in the vault, because I choose vault instead of my original wallet because if I keep it in my original wallet , then I will be charged a fee when I will make a deposit

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Withdrawal is a way of securing profits. From that point of view sending money to an external wallet is a more safer way simply because money are away and not immediately accessible.

While the Vault is an internal thing. Money are here and you see them in your gaming account. With a couple of clicks they are back in the game. And lost.

That's why I prefer external wallet and rarely use the Vault.

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18 minutes ago, Xantys said:

Withdrawal is a way of securing profits. From that point of view sending money to an external wallet is a more safer way simply because money are away and not immediately accessible.

While the Vault is an internal thing. Money are here and you see them in your gaming account. With a couple of clicks they are back in the game. And lost.

That's why I prefer external wallet and rarely use the Vault.

I am the same in my way of thinking.  Though I have started trying out the vault a bit recently just to see how bad the temptation is to remove it if I bust.  So far so good as I have been able to accumulate a bit using it.

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