Topic: The Rise of Crypto Gambling: What You Need to Know - page 3. (Read 843 times)

All the arguments are quite accurate and true, I, according to my personal observation, compile such a list of the advantages of casinos that are created on the basis of blockchain:

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

2) A special way of entering and withdrawing money: no open movements of transactions on accounts and cards. By transferring money through cryptocurrencies, you are anonymous. Transactions go fast and without stupid confirmations, because of which you may be asked to turn your head every time or provide documents for the 100th time.

Yes, a lot! The sudden spike is all because of the upgrades in gaming industries and the increased likeness of the games that are played online. Peeps are diving into virtual reality like never before. I think we should also thank the high-end devices that are now a reality for most of us and it's easy out reach is unmatched by the bitcoin era. I am not saying crypto has got anything to do with it but with the rise in online gambling, streaming realities, money making opportunities everything has changed now.

Most of the influencers and streamers are now playing their games live only so that they can get the views, and get paid with the streaming platforms on which they are streaming live. The ad revenue share has gotten up too.

I think, this will even go further with the Gambling and whole new realm of investment lyes ahead of us.

That's very true, and I believe that not only some but most of the casinos do that because they want more users on the platforms and that's why they allow VPN based connections. However, if a user who is connected via a VPN becomes somewhat lucky and tends to win most of the bets worth a lot of money then in that case the casinos will ask for KYC information which is already a part of their TOS. They don't ask for KYC for a certain winning limit, but if a user wins a lot more than that limit then the casinos will ask for KYC.

The gambler won't be able to get KYC'ed because he/she has been using another country's IP address and in order to get KYC verified that user has to provide ID proofs and other documents that belong to that country, and unfortunately such user won't be able to provide those details because he/she isn't a citizen of that country, but has been using the IP address of that country to hide his/her true location.

I also recommend everyone to use their own IP to create and use accounts on a casino so that there won't be any KYC issues at all for that user. I also recommend you to avoid using any VPN connection at all if someone is very serious about gambling because hiding your real IP address can cause huge troubles for you when it comes to withdraw the money that you have won.

It's better not to use a VPN than later can make suspicion the casino so that the casino asks you to do KYC. Especially if the regulations say you can't use a VPN, so if a user is caught using a VPN, they will impose a penalty on that user.

But if they still want to use a VPN because their ISP doesn't allow them to connect to the casino, they can first ask the support service at the casino and explain that they are forced to use a VPN to play gambling at the casino. The casino will understand, and if one day they ask or ask us to do KYC, they can see our chat history with the previous support service personnel. Perhaps, the casino will still allow us to use a VPN, especially if our gambling account is not suspected of doing activities contrary to casino regulations.

The casinos that allow you to access their website with a VPN and play when it is contrary to their TOS will either KYC you if you win big enough, or withhold your winnings if you attempt to withdraw for TOS violations. When I say they won't flag you immediately, I'm referring to casinos that allow you to play while connected to a VPN service.

Some casinos don't care if you use a VPN to bypass geo restrictions because they want the business. But if you win something big enough, they will certainly use it against you.

My recommendation is to not bypass geo restrictions.

I have personally never had to use a VPN to access gambling services, fortunately. Though, if I had to advise someone in a position where they need to do so, it would be better first to look for alternatives that actually can carter people from one's country and without using a VPN.

In the case of those alternatives are lackluster or not available, there would be no option but try a VPN, keeping in mind one needs to check the Terms of Service each time their are updated, to avoid getting uncomfortable surprises in the future and in the case one want to withdraw some wins. In any case, VPN being is only option is something I would only expect out of very authoritarian countries and societies.

If i go by what i understand you meant, i would simply answer by asking a simple question, and that question would be "what exactly do you mean?".

majority of every online casinos that exist have it straight up on their terms of service that the use of VPN is prohibited, and many of this casinos have software's installed that monitor every users activity, this softwares can detect when a customer is on VPN and when he or she is not, with this, the casino have the ability to immediately know when a customer is using a VPN, they can either ban the account of flag it for KYC, and the problems all begins when the user is not able to provide a document that matches the location the used in the VPN .

Yes, that's what's worrying is that when a casino asks to complete KYC according to the country it uses on a VPN it will be very annoying, like it or not, you should be honest with the casino that we are using a VPN and it's also a good idea to tell their CS whether using a VPN is safe or not and give reasons why you are using a VPN so that problems don't occur in the future.

Casinos always make things that are uncomplicated very complicated when they find gamblers wanting to withdraw big money let alone get big wins, usually small casinos often make unreasonable requirements and make it even more complicated so that gamblers cannot withdraw their money from the casino then spend the money or account will be frozen.

Gambling on a VPN won't flag you by these casinos by itself. If they get KYC'd they may be required to submit verification documents that match the country they were VPN'ed to.

I would like to add here that we may find some casinos that may have relaxed rules and they also do not have the gambling license but they are operating. It is better to avoid gambling at those unknown new sites because it is very likely that they are short lived sites and can run away with their gambling business anytime.

KYC is mandatory in most of the casinos because it is also one of the requirements of the regulators and the casino who have obtained the licenses have to abide by the rules.

With regulations on the rise, privacy and anonymity are totally out of the question since no casino that is centralized is allowed to operate without a license and when they acquire a license, they are compelled to comply with the AML and KYC rules which is why they impose a lot of restrictions and verifications on their users even if the users don't like them, they have to complete them, otherwise, they won't be able to access some of the main features of the platform such as withdrawals.

But, if we talk about user experience, I believe it depends on the nature of a person whether he/she would like an online casino or a physical casino more. A person who is lively and likes to talk and share experiences with others would definitely prefer a physical casino for the thrill, but someone who likes to do it alone with more convenience and easy steps, they would go for online casinos.

Smartypants, KYC makes perfect sense. Its online "no ID, no entry." Though irritating, its part of the game.

I understand. Who wouldnt want simpler times? But keep the evil guys out and let the fun people in. Even though it makes us roll our eyes, it's part of the deal.

We are still left with options concerning privacy since the gambling platforms we used can be changed and we have to right to make use of a casino that has no kyc requirements for their gambling experience, this are what we should first know about a gambling platform before using the them to know what they support and don't, compare them to how we can be able to adapt with them, because we need our privacy as well.


We cannot compare the two, everything has its own advantages and disadvantages, same also are the gamblers, we all have our individual preference when it comes to taste in choosing a gambling platform, some will vividly tells you they enjoyed the crypto online gambling than the physical one and so on, different ideas and different opinions and take on them both.

I think that the KYC feature is the system that online gambling platforms must ask for compliance with their respective state laws.

Remember that before you visit a physical casino, guards would often ask for your IDs and other verifications before you could enter and enjoy the establishment. This concept is also the same in online gambling- these websites ask for KYC in order for them to verify your identity and to secure at least a security on both on your part in the event you breach their TOS.

Though this may be the case, I just hope that the KYC documents will not be too restrictive to the point that it completely disheartens the player in submitting the require documents due to the number of required documents to be passed.

The anonimity is now a feature on casinos. It's hard to find a good casino that don't ask KYC or any documentation just to use their service. New casinos are flexing that they won't collect KYC from their potential customer knowing that the market is saturated with KYC casino and there are gamblers who want to play on a casino that don't require submitting KYC. In short, they are targetting users who don't want to submit KYC on casinos.

Of course, there are difference between online and physical casino and I believe that a gambler are the only one who can judge whether it's better to play on a physical casino or an online casino since we all have different scenarios in life and have a different casino environments.

We might doubt KYC's and we might also feel that our privacy and anonymity is being affected, we could still see the role of KYCs in our security. We will also benefit from it in the future so we better comply with it since most casinos are now requiring it. The pandemic has made a lot of gamblers switch from traditional casinos into online casinos which made them also choose it over physical casinos because of the convenience that they could experience on it.
Most gamblers prioritizes convenience especially to those who have huge priorities and jobs. It is an advantage that we could now gambler anywhere and anytime because of the development of our technology. However, there are casinos who aren't providing the services that we want which is unsatisfying so it is still necessary that we'll always look for trusted and reliable casinos especially if we want oour gambling journey to succeed in the long run.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

Gambling industry is that one industry that has adopted cryptocurrency without reserves.
Also cryptocurrency has helped to advance the gambling industry.
This made it possible for people in different country to be able to gamble in casinos that are in other countries that do not share the same currency. Cryptocurrency is universal and it's important is seeing in the gambling companies even with little fees anyone can be able to gamble with any type of cryptocurrency and withdraw their money at ease, in the comfort of their home.
No wonder many people see cryptocurrency to be a brother to gambling because it looks almost alike and work together

Yes, that's right. Most people who have sites like that, for example reviews for gambling, sometimes they just want money from sponsors but don't want to pay attention to their audience, let alone take advantage of money from audience traffic, obviously that is something wrong to straighten out, therefore it is the site owner's job to teach his audience to understand something that is prohibited in casinos as well as how to prevent it.

It's not only limited to understanding how to play gambling, making deposits and then withdrawing money, because even small children can do that easily, things that they think can be problematic should be explained to the audience so they don't have problems in the future. because it is important to give a good lead to the audience.