While we know bitcoin have lots of advantages compared to fiat, we can't forget some risks/disadvantage when using bitcoin for online gambling such as :
1. Legality of Bitcoin in our country.
2. Risks of gambling at unlicensed gambling at country which allow gambling activity.
3. Risks of gambling at country which banned gambling activity.
4. Ease of buy/sell bitcoin in some country.
5. Risks of casino which use exit-scam or not probably fair.
Topic: 5 Reasons Why Online Gamblers Should Use Bitcoin (Read 659 times)
That's right. Indeed the best famous online gambling sites use Bitcoin nowadays instead fiat. Its more easy and reliable for both owners and users to use Bitcoin in gambling than other currencies.
Absolutely right whatever everyone said here and I will have my input by adding words this way. It were not just gamblers who were having some problems in regarding identity issues but also casino owners have much more complications. Bitcoin just provided best solution which is good for both parties to give them maximum satisfaction.
All these reasons are what made online gambling with Bitcoin so much attractive and brought back many players who were having privacy and security issues. It is best solution for the problems and couldn't be much more better than this. I also have switched my online gambling to Bitcoin only while offline still with fiat money.
Yes indeed many online gambling using bitcoin. Perhaps because bitcoin has its own currency, and bitcoin gambling is growing rapidly. Perhaps the factor that makes the owner of a gambling site using bitcoin as online gambling.
1) Having same value everywhere.
2) Easy to use as compare to fiat currency,
3) Having more fun while gambling with bitcoin.
4) No need to covert into any other currency,
5) most of the casino accept it easily.
2) Easy to use as compare to fiat currency,
3) Having more fun while gambling with bitcoin.
4) No need to covert into any other currency,
5) most of the casino accept it easily.
Bitcoin is more than just a gambling currency and it way of freedom to use in various field of life at the moment, it became popular currency to use for online purpose because it is more faster and secure than any other currency, it is really helpful for newbie to get in and use it without any hesitation and fear there.
i do agree with those things that using bitcoin for online gambling is more benefit than other payment method because i have been gamble using other payment processor such as webmoney or perfectmoney but that was not too secure or effective and with bitcoin i did gamble with more comfortable because such as those sites says instant payment or more privacy however bitcoin casinos also who indirectly has made bitcoin more popular currently
correct mate after they allowed bitcoin as one of their accepted currency they gave bitcoin popularity for the fact that bitcoin transaction can be done easily and anonymously i think that two things really affects the casino house if they have it it will easy for the players just to place their bets in time and without knowing their real identity. hope more and more big casino house will accept btc transaction for more success of this investment that we all have. Over the past few years, bitcoin has become popular among online gambling platforms. While some may argue that gambling operators have turned to bitcoin to make it easier to partake in illegal or unsavory activities, the fact is that online gambling is a thriving, legal and legitimate business.
Read more - http://bitcoinist.net/5-reasons-bitcoin-online-gambling/
Read more - http://bitcoinist.net/5-reasons-bitcoin-online-gambling/
For me, I think the reason why gamblers actually turned into Bitcoin is different from what I called misconceptions but basically because of the protection it offers which is the issue of anonymity because for me personally I wouldnt have gone into gambling offline firstly because of the calibre of people that do it over here and mostly because of the way the society view such activity but with bitcoin,I can do it conveniently...
Hell yeah bitcoin is every where and bitcoin can hide privacy for those users and bitcoin has no fee's when you are entering in bitcoin gambling well there are chance that you are loosing bitcoin but investors are choosing bitcoin not to trade not to use for business but to gambled they can easily earn money on this.
i do agree with those things that using bitcoin for online gambling is more benefit than other payment method because i have been gamble using other payment processor such as webmoney or perfectmoney but that was not too secure or effective and with bitcoin i did gamble with more comfortable because such as those sites says instant payment or more privacy however bitcoin casinos also who indirectly has made bitcoin more popular currently
The reasons why gamblers use bitcoin is anonymous its safe for who's get ban from their country, if their country not allow gambling
Low fees, other payment processor will ask bigger fees than bitcoin
bitcoin can be used for around the world
bitcoin easy to purchased also easy to trade
and the last is bitcoin very easy to use
Low fees, other payment processor will ask bigger fees than bitcoin
bitcoin can be used for around the world
bitcoin easy to purchased also easy to trade
and the last is bitcoin very easy to use
I think those who already are using bitcoin for online gambling purposes went for this because of these factors what are told in this article. This is good for new people and will be helpful a lot to understand and looking online gambling by these perspectives. I started online gambling with Bitcoin because of these elements long time ago.
Whereas, other industries were worrying about adopting bitcoin payments, gambling sites has come up with bitcoin payments and certainly enjoying its benefits. Hopefully, gambling industry are setting examples for advantages of adopting bitcoin payment so that other industries will follow.
Yes, Gambling is not the only industry to get benefited with bitcoin system. Wherever there is a requirement of most of flexible and easily adaptable payment system, then bitcoin be the solution for those industries.
In my opinion gambling has been great for bitcoin with bitcoin gambling becoming extremely popular because of its anonymity, its accessibility, quick deposit and low transaction fees.
I think in the future bitcoin will become commonplace in the greater internet gambling scene, there are just so many advantages over traditional internet gambling.
I think in the future bitcoin will become commonplace in the greater internet gambling scene, there are just so many advantages over traditional internet gambling.
Whereas, other industries were worrying about adopting bitcoin payments, gambling sites has come up with bitcoin payments and certainly enjoying its benefits. Hopefully, gambling industry are setting examples for advantages of adopting bitcoin payment so that other industries will follow.
Yes, Gambling is not the only industry to get benefited with bitcoin system. Wherever there is a requirement of most of flexible and easily adaptable payment system, then bitcoin be the solution for those industries.Yep. Trading is a whole new world for gambling. And you can actually earn big from it. While it may feel the same as gambling. But atleast you are much more in control than flat out games based on luck and chances.
Whereas, other industries were worrying about adopting bitcoin payments, gambling sites has come up with bitcoin payments and certainly enjoying its benefits. Hopefully, gambling industry are setting examples for advantages of adopting bitcoin payment so that other industries will follow.
Yes, Gambling is not the only industry to get benefited with bitcoin system. Wherever there is a requirement of most of flexible and easily adaptable payment system, then bitcoin be the solution for those industries. Online gambling is gaining popularity, that is obvious. Bitcoin gambling can give many players exactly what they wish, anonymity, fast access,
and we can gamble from our mobile phones.
I agree with reasons in article, "bitcoin was born on the Internet and was made especially for online use", and this is why I also believe that
bitcoin can dominate on online gambling scene. For sure not just for that, but that will be one of the things that people will spend most bitcoins.
and we can gamble from our mobile phones.
I agree with reasons in article, "bitcoin was born on the Internet and was made especially for online use", and this is why I also believe that
bitcoin can dominate on online gambling scene. For sure not just for that, but that will be one of the things that people will spend most bitcoins.
Agree with this, bitcoins accesibility and fast treansactions are its edge compared to other payment methods or deposit methods. And people like this kind of convenience which they would like to use bitcoin on gambling as you said people would spend most bitcoins. Being anonymous is one of the most important feature especially to those gamblers which gambling is prohibited on their country. They could able to play without risking its identity.
Online gambling is gaining popularity, that is obvious. Bitcoin gambling can give many players exactly what they wish, anonymity, fast access,
and we can gamble from our mobile phones.
I agree with reasons in article, "bitcoin was born on the Internet and was made especially for online use", and this is why I also believe that
bitcoin can dominate on online gambling scene. For sure not just for that, but that will be one of the things that people will spend most bitcoins.
and we can gamble from our mobile phones.
I agree with reasons in article, "bitcoin was born on the Internet and was made especially for online use", and this is why I also believe that
bitcoin can dominate on online gambling scene. For sure not just for that, but that will be one of the things that people will spend most bitcoins.
Whereas, other industries were worrying about adopting bitcoin payments, gambling sites has come up with bitcoin payments and certainly enjoying its benefits. Hopefully, gambling industry are setting examples for advantages of adopting bitcoin payment so that other industries will follow.
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