Topic: 1XBIT.COM ᐉ 7 BTC WB ᐉ Altcoin Betting ᐉ no KYC ᕗ Instant payouts - page 12. (Read 68432 times)

It is not true that all new casinos are risky, every casino is new when they start their business. But yes, you have to be a little more careful before joining a new casino than an established old casino. New casinos are constantly coming to the market but no one keeps track of how many are successful in the end, and how many people get cheated by those casinos. Many old casinos are also risky, like 1xbit is an established scam gambling site but they are still in the market and scamming gamblers.

Let us be honest, in the most of the cases, licensing is a tool for the governments to tax on casinos and collect information of gamblers to combat money laundering and illegal activities in general, but in reality it is very obvious those who issue those licenses do not actually care for the integrity of the funds of those who deposit in the first place onto the addresses on the casinos. If we wanted for licensing to be a warranty of legitimacy for gamblers, then it would imply those organizations which issue the licenses needed to force casinos to have their physical locations and personnel disclosed to authories, so in case they end up trying to run with all the money, there will be a place to go and people to prosecute.
There has been a several threads about this topics before, and I have always concluded one cannot completely and blindly trust a casinos only based on the license. 

Actually, a site that has a license is not a guarantee that the site is safe and free from fraud. Moreover, it's not surprising that there are many cases of sites going bankrupt and defrauding their users because the site is licensed, a license or not can't really be used as a guarantee either, in fact I don't really care about site licenses, usually I only focus on the user experience, whether the site is truly safe or not. So I don't focus on their license to find out which site is safe and trustworthy for me to play there.

For me, licensed sites are usually because their sites may be strict with terms and regulations or related to KYC, so licensed sites are definitely not much different from other official sites which apply regulations regarding KYC in them, which is different from unlicensed casino sites or decentralized casinos. which is not centralized, so there are differences there, I only look at licensing from my point of view like that, not as anything else, but whether licensed or not is not a guarantee that we are truly safe playing gambling there.

I think that Curacao license doesn't protect you from anything, it's just a license for license's sake. Casinos, in order to provide you with many games, have to partner with different slots providers, game providers and live casino suppliers. To my mind, they need a license for this, that's why casinos with in-house games operate without license but casinos with 3rd party games never operate without a license. Curacao's license is probably easy to acquire and has good tax benefits. Btw in crypto world trust matters the most.

Your point is completely contradicted by 1xbit themselves because they have a curacao egaming license, but the victims aren't able to go after them which is why licenses aren't really useful in the crypto gambling world.

Even new casinos can be assessed pretty quickly through their reputation in the short-term. Reputation is checked from the moment a site starts its services.

with all this means we need to keep distance in new casino because they have not established their reputations? just asking mate because I know that we should be dealing in legit and old running casino because they have already proven their worth in the crypto gambling space but I do believe that all of them have started also as new casino that does not have any reputation but they compete with bigger casino and now one of the most popular and trusted , there is Roobet and Duelbits that I have seen and monitored from their first day up to now.

You are right and if any site makes a scam even if the site has a license then there is nothing to do. So, it is useless whether they have any license or not. And that is why I do not care whether the gambling site has a license or not.

There is definitely non, like I said before, every casino once live, strive to get a license to somehow, prove to gamblers (potential customers) that they are running a business that is recognized, and that they can be trusted, and gamblers have always believed in such, and this is not the problem at all, but my major concern is that in previous times, not on one occasion, but on several occasions has a casino with a license disappeared together with funds belonging to their customers, and never returned, and never have we ever heard that in such a case, customers complained to the issuer of the license such casino operated with, and those behind the casino were caught and prosecuted.

So, this is why I said that some licences are nothing but decorations on the casino, something they use to make gamblers believe that, they are legitimate, any casino that is not decorated with a license won't be seen as a legitimate casino, and this license issuers does nothing to protect gambling consumers from casino fraud, this is the whole essence of what I am saying.

There are some few people asking this requirements but actually it doesn't matter at all especially if the license just came from unknown country so that doesn't mean anything at all. What's really so important is their reputation especially on how they deal with people when there's issue also the withdrawal and deposit is fast.

There's a lots of scams even if they compliant casino that's why same with other I don't really give a damn looking at those licenses to determine that they are legit. Performance will tell everything on that since how they provide good services is what more important rather than those piece of paper. But for sure we all know what's better or not that's why its good to see people not looking on license but rather they are looking forward for the right requirements to consider a good casino.

Not everyone focuses on reputation alone; of course, that is the most important, but I believe those gamblers who are risking a decent amount of money will make sure they can go after a casino once they go dark. And you know, without a license, you can never do that since you don't know the people behind the business. Reputation nowadays is just pretty basic; when you say a casino has a good reputation, that already includes them having fast deposits, withdrawals, and addressing concerns of the gamblers. I think that also includes having a license.

shaman you are right on the nature of license by casinos,  because at some point,  licenses just sound as just a document that holds no power because we have seen some casinos with valid licenses still turn out to be scams and some others that don't have licenses treating their clients in the most fairness as possible,  so this difference comes from how what the intention is f the team is and how determined they are in building that reputations as long as casino operation is concern.

Another challenge in the area of casino licenses is the area of verification of those licenses because we have some casinos that parade themselves as licensed casinos but the licenses are fake and invalid,  and since we don't have any free online mechanism to check the validity of that license,  it became extremely hard for us to verify which is fake and which license is original.

1xbit license may be invalid fake or not even available at all,  but with the level of their corruption, they still find their way and keep operating based on that license and claims,  anyways,  the best for us right now is to avoid them as much as possible on our own.

correct , there are even many sites that operates without license and indeed they are trusted
by many specially in this forum meaning it is not the license that made a gambling site legit and not s
cammy but it is the thought and attitude of the team itself.
if they don't want to scam people then there is nothing we can do but to support them
and if they are scammers then this is what we need to do , bumping their name and calling their
scam actions continuousy to use as warning to  potential victims.

To be honest, I don't really focus on the licensing aspect of a crypto gambling site when signing up. Instead, I focus on more important factors such as reputation, withdrawal fees, cryptocurrencies supported etc.

All these licenses are from some random islands anyway which is why they aren't extremely credible or anything.

Undoubtedly 1xbit is a scam site which was proved a long ago. But I could not agree with you that as the site doesn't have a license means the site is a scam. When there is a licence even the site can make a scam.

I think that depends on the license provider. Although reputation is very important but gamblers nowadays are aware how important a license is. I like to ask you a question? Do you know a casino that is popular in the forum ^{( so we can check)} that has a good reputation but doesn't owned a license? If you can tell me one, then I might change my perception about license + reputation which IMO are both important.

License isnt even what tells if a casino is a scam or not, for at least, a couple of times on this forum, we have seen well reputable casinos with fully registered and operational licenses flopped and ran off with funds belonging to their customers, a good example if betnomi which I believe anyone who is a regular user of the forum should know.

If you ask me, I would say that license is nothing but a decoration on casinos, most especially, online gambling casinos, license does not deter, or stop any online casino from scamming their users if they want to, so, in the nutshell, whether 1xbit owns a license or not, means absolutely nothing, at least players who were scammed on 1xbit also knew the casino doesn't have a license and still they choose to play there, that is to tell us that license means nothing, though I can't end this comment without also pointing out that, the usefulness of a license, depends on the type of license, where it was issued and who issued it, aside this, most online gambling casino licenses are nothing but decoration.

1xbit doesnt even has a license... valid or invalid... so everything is said.

Well we can say that 1xbet is a big casino and they have a lot of advertisement on famous league like E-sports and other professional leagues. They also have good marketing campaigns where they hire a lot of content creator to create a video explaining on how they people can deposit also to place their bets. So its not surprising that this casino is earning good that's why they can able to pay those people continue to bet and win on their bets. That's why maybe there's no issue happening yet.

But I guess 1xbit is different since for them not earning good profit anymore since the reputation of this casino is so bad then expect that there's a lot of issues will happen and maybe scamming is there way to get some resources to continue their operation. That's why its not advisable to continue playing on this casino since it will end up the same with those people experiencing issues on 1xbit. But its up for people if they can trust 1xbet or not but for me don't have any plans to use their service as there are other reliable sportsbook that we can sure that safe to use.

There are definitely alot like you said, but for me personally, I have gambled On 1xbet on several occasions, I mostly played sports betting on that casinos for several months, and needless say that, I never had any issues, both in terms of them crediting my winnings and me withdrawing them, never had any issue, and one other good thing I will also have say about 1xbit is that, they sure have a sports book with one the best odds, and one feature I like in that casino which I unfortunately have not found on any casino (even on my favorite casino, which is stake) is the ability to still win a multi bet ticket even when one or two games from the ticket fail to meet up as predicted, 1xbet have a system that minuses those failed bets in the multi-bet ticket and only pays the gambler for the games that was predicted correctly, only that they pay at an odd that is lower than what it initially was - this feature I've found to be really helpful for gamblers since it has helped me win some of my multi-bet tickets which should i ordinarily should have lost because not all the games in the ticket played as I predicted.

So, that is it for the good side of 1xbet, now coming back to scam accusation against them, I would first say that, there is actually no online gambling casino without unsatisfied customers, and personally, I've always thought or assumed the majority of scam accusations against 1xbet is possibly due to their connections with 1xbit, which is a well known scam casino themself.

There are many, many scam accusations against 1xbet which is why it's just as shady as 1xbit or maybe even more. Personally, I tend to avoid gambling sites starting with 1x these days.

1xbet doesn't openly scam customers like 1xbit, but they cleverly scam them here and there using their sponsorship deals etc as their shields.