Topic: ADVANTAGES OF CRYPTO BUSINESS (Read 357 times)

The signature campaign can be a way to introduce the gambling website to members here.
By launching their gambling site here, people attract to visit their website from here, and that can be a positive sign for the gambling website to still giving the best to their members.
I think not just members from here that can read the reviews because many people can see the gambling website reputation by searching from the search engine, and they drag into this forum to find the gambling site they want.
I am sure that every gambling website owner will use some money to promote, and they will not just using a signature campaign to get more and more members to visit their website.

This is very ideal, especially now with the pandemic going on, every transactions happening are mostly done online.
However, this industry is somewhat more risky, expensive and does not really affiliated with government unlike others which could be another topic to talk about.
It may attract crypto enthusiasts, but it might take some time before the common people acknowledge it and the cryptocurrencies.

Having your own gambling site is a profitable business. The gambling houses are always in profit. I don;t know any gambling casino become bankrupt or running in a loss. Although you do require some good intial investment in marketing of the casino but later when it will grow, all the expenses will be covered.

Every business has its own Pros and Cons. You need to concentrate more on the Cons than the Pros. In my opinion, there is a high risk involved in having a cryptocurrency based business. The volatility of the market is one of the major concerns as it affects the fiat value greatly. In the actual world, your associates and partners would prefer fiat over cryptocurrency. That is one major drawback of running this business.

This is what we have seen on this forum that new sites has to do lot of promotions and do the marketing in order to make some cut through form the competition and attract new customers. On other hand people also try exploring some of the options because of the giveaways etc but only thing is that one should not be depositing to much as you do not want to end up losing on new gambling site which may turn out to be a scam later on in this online crypto business.

One of the biggest cons associated with the crypto casino sites is the ability to con gamblers by stealing their money and running without any issues majority of the time since the owners don't usually disclose their identities or locations thanks to the anonymity aspect.

This is why legitimate crypto casinos usually prove their worth over a long period of time since a short period isn't enough to valid it's legitimacy.

Running a crypto casino is definitely tough just like any other business out there. This market is getting saturated already which is why only unique sites with special features can survive due to rising competition at present.

attracts many people because of the hope of becoming rich early, but they are deceived by scammers


but it becomes a headache to use in the real world


it depends on each country, because there are many countries like mine which is a headache to withdraw to the bank


In fact, they are businesses that nobody cares about having a physical office and when they run away with people's money they are not found


this is another good thing that is being misused by many casinos that retain customer funds and use TOS as an argument

Here in the forum, the usual way to attract players if you are a new casino is to run a sig campaign managed by a reputable manager.
As we observed, a lot of these good btc paying campaigns are promoting casino sites.
I have seen a lot of newcomers here but once they started their campaign, they started to gain players as well.
And if the support of that site is active, that's when the players stick to that casino.
And speaking of campaign and rewards, this means that the dev team/owner should have enough funds to run these programs.
So it is not a piece of cake to run a decent crypto business like casino.

It is truly hard.

Looking to the operation is easy but if you're on the actual scene and you are the one who's managing it, you'll understand that running a crypto business isn't easy as what you think.

A very complex thing to do yet rewarding to those who became successful in this business.

Although the competitions will be the biggest test for the newcomers, if the new gambling owner has a different approach to introduce their website to the public, I am sure that they will have a chance to compete with the existing gambling website.
That new gambling website will have the opportunity to get the members, especially if they can use social media to promote their website or promote the website using advertisements online.
Besides that, the owner can apply a good welcome bonus to the member so they can attract many people to visit their website and play some gambling games.

Competitions will be the big test for newcomers into this business, it's hard to make your way as there are already
a well established sites that providing best offers to their participants, trying  allure gamblers and attracts their
attentions needs to have good skills being creative and have decent amount of money to back up every promotions
that you'll going to provide.

There's more than meets the eyes here. Seems easy to set-up but sustaining the operations is hard. Also, you should have fat bankroll unless you want players complaining about not getting their withdrawals on time. Also, active customer service is a must. This business is profitable but only when you know how to manage it. This business is not for all.

Are you sure that there is no barrier? Even if it is a crypto casino still it has to be regulated by the government where they origin and also they have to restrict people from playing if it is restricted in their countries.

But having a crypto casino is going to be more profitable because this is going to be the era where people like to do everything via online.

This is a very important insight that we must be considered before we will begin to step on this kind of business. The pros and cons should must be there and as a business risk taker already knows these sequences that I guess may happen in the future, and at least you already aware by that.

There are possible disadvantages but I only state one, I guess the most common problem is how to fight and adjust the volatility kind of the market. That every now and then, bitcoin price will fluctuate compared to fiat.

Disadvantages are for you to discover, they wouldn't be saying anything about those things since they are selling their services. I guess it's their support that is likely that you need when the disadvantages occur like security of the casino which can likely be sabotage. The bugs to be fixed which you will also discover soon if you really will avail from them.

Running online casinos is not an easy initially. Unless someone has good wealth then it is fine else if big whales win during initial days itself it then be ready to shell out the money. Also, with today’s space with so many such sites up so competition is too much and trust is what matters along with the new offers to keep rolling out to attract new customers.

What about the disadvantages?
I am thinking for so many time to create my own crypto business but I am afraid about the laws that I have to follow. There is no clear pact for crypto businesses neither in the US or the EU.

It's risky to have a crypto based business actually. You have to deal with the volatility of the cryptocurrency also it's not true that you can open up a crypto based business anywhere there are some countries that prohibits cryptocurrency.

Although its true that you will have new customer but those customer only that uses cryptocurrency have you considered other customer that's not familiar in using cryptocurrency?

It is not so much about the maintenance in terms of funding (anyone can lend money and now casinos even allow public investment into the bankroll) but all the other problems people do not tell you about when they sell you a solution.

Worst problem is manpower to handle customer support. People will make mistakes and do all kinds of screwups. And you need to scale support with customer growth!

How is "any cryptocurrency" (written close to the end of your post) possible on the site? Or, do you mean multiple cryptocurrencies/tokens? I am sure no one will risk accepting any crypto like "dead/scam" cryptocurrencies/tokens(maybe in rare cases.)

They just promoting the WagerGun so they know the all kind of casinos in crypto platform. Nowadays number of casino platform is enter in the market so signature campaign is really useful to advertise all the gaming sites. The crypto environment is really good to grow in current situation so we can concentrate the perfect platform surely we will make good success.

If you talk about starting a crypto business like casinos is not that easy and also you have to gain people's trust and make your casino known. I have seen many casinos being launch and some of it didn't last long due to some issues and some are still running smoothly until now and they even have signature campaign for further advertising.

Building a new business you have to think it many times since there are many risks to discuss about it. A person should ready for the consequences might encounter. We may lose and win in having a business, you have to go through of having a good marketing strategy to attract more users. There’s a barrier in every business but in crypto the government are there so it should have a license to operate.

I think the DEMO should be public and not request based

The goverment is always a barrier, they are always going to find ways to every business not just related to cryptocurrency. 

Doing it with whitelabel I guess will save a business from doing all the paper works, would it?  If someone for instnace jsut want to operate within a week can simply just register to wager-gun and run immediately.  Maybe offer annonymous gambling since its what most crypto users asks.  On the other hand there are casinos scripts available as well that offer same advantages.

As cryptocurrency is much associated with the internet connectivity, the development can be done in a short time period. When it comes to make revenue out of it, you need to work much rather than having a traditional or real-time business. In real-time business you will get walk-in consumer, with business associated with internet we need to brief them and understand the willing. This itself a big task, and people won't easily get into business. They look for reputation. A single mistake can affect the reputation of a firm and the same will easily reach millions. So, every step needs to be made with perfect plan and executed.

In business owners perspective about advantage is that you wont set up things that much when you are creating your own business
specially if you do live on a country that doesnt restrict out gambling and doesnt have any laws about cryptocurrencies.
Success will depend on how good your site is neither you do offer crypto or fiat if your site doesnt look good then its would be useless.


Yes, this one would be appropriate in gambling discussions board.

Has anyone advise that this topic I guess suitable to the gambling discussion board.

Of course, there are a lot of advantages in the crypto business and most likely in business that is a gambling casino. If you have been noticed here that almost a month there were always a new gambling platform arise. The population of gambling business owners in gambling industry was also increased.

The main advantage is players can protect privacy while they are playing online gambling and most commonly no legal restriction in any part of the country, if there is, they required KYC verification.

We should  really anticipate first the possibilities because government can anytime step in on the scene and would really make up everything a hassle for business owners.
Be sure that regulation towards crypto on said country or place is somewhat on the positive side before proceeding.If its still in neutral then still considerable to make some move
but tendency for taxation nor closure is there if they do make out such next step.

When it comes to advantages then we cant deny that it does have more compared to its cons.

It will depend on what promotions you use to attract new customers to visit on your sites. If you can promote on any website, including in social media, and have more websites to help you promote your site, I think it can help you gain more customers.
If the casino website is new, it will not easy to compete with the old casino website because they already have their members who would stay on their site. So you need to have something different than their website so you can try to invite them to visit your site and try your gambling games.

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I think you can add the price to buy your packages, so your potential buyer can know how much money they need to start their casino website. Besides that, they can easy to choose what packages that will match what they want.

Managing a service of a casino is hard to be done by a single person. Starting it alone can be done but once you are fully operational, you'll be needing a hand to manage everything.

Yes, building of reputation is going to determine how you handle your customers so those things are inter-connected.

Honestly It's easier to tell it but if you are going to think about competitors, fund for rewarding your gamblers, maintenance, manpower, security for your casino and getting a license and other technical things you needed to run a crypto business.

I can say it's really profitable if things run smoother however you should know that it's risky as well and might end up losing your money.

I mean, the government is probably the largest and most prominent barrier in the crypto business. If there's something I'd be afraid of, it's that I might be forced to go against my customers' (and BTC's) interests by the state. This is the main reason I am still in doubts about launching one. If and when the governments ever stop ruthlessly entering our online privacy, I might reconsider.

Are you talking about advantages of crypto business or advantages of using wager-gun services?
First of all, the real advantage of founding of crypto business is the less number of competitors in this field and there is some possibilities that competitors may not exist, depends on country and innovation/creative profile of business.
But on another hand it's high responsibility, one hack and if funds from wallet are stolen, more likely they are gone forever. Security is what matters here the most and you make it wrong by saying that crypto business is just more secure than any other, no.
Nothing has barriers and crypto has nothing to there. Has visa/mastercard, bank transactions any barriers? No.
Also running a crypto business doesn't automatically mean that you will attract customers, it's even hard in this field because you have to popularize it unlike already popular services.

It's hard to build or start alone, you'll be needing a team for it unless you can handle it single handedly which I highly doubt for a person to be. First things first, gathering a team to build each piece is easy, finding those who are really talented isn't, there are lot of people on the internet pretending they are professional editing some certification just to post it online and scam one's company. Starting these days is quite hard though the fruits are very tasty once you succeed.

Building your own reputation is the hardest I think, I'm not saying all but most of the new casinos don't achieve such enough reputation resulting to a small number of users, and they mostly end up closing. You're right, owner should not be just thinking bout' the money, can't gain it without intangible reputations.

It all depends on the specific business. Just a few things to take note:


It may attract Bitcoin or crypto supporters but it won't necessarily secure your business' position in the competition. The rest won't buy your goods or avail of your services simply because you are accepting Bitcoin or crypto payments.


Easier? Probably not. It is a lot easier to pay with cash.
Faster? Probably not. It is a lot faster to pay with cash.
Cheaper? Probably not. If you pay with cash, you won't be paying any additional fee.


If your intention is to cash out, you should've just used cash in the first place.


That Bitcoin payment is irreversible is a double-edged sword. It might not mean less fraud but it may mean that once you are a victim of fraud, you cannot recover your lost funds.

There will be verdict for this and also depends on the type of business you are trying to do and which cryptocurrencies you are gonna used. As you are aware, network fees often change and could have a very expensive payment. What if the customer or client for the business hesitant to pay due to high fees? But they can sort it out by using a lighter transaction. Lightning network is good and appropriate for this.

I am planning to open up someday a business which can cryptocurrency can be used for payment so Im interested in this kind of topic.

There is a lot of business today right now want to use the payment with the cryptocurrency because it's easier and does not need to have a lot of trouble than using the bank transfer but still right now some of the business are using the QR code to their business.


I doubt with the use of this because only people can attract on it is the people know how to use the crypto it's more catchy to them if they are first-timer it will give a lot of excitement to them this kind of business.


It depends on the platform they will use because sometimes it has a huge transaction fee so it's a big loss to them if they going to buy on your business and them lose their funds' cause of the transaction fees.


After all of this statement, you are referring to use this gambling platform. Well, crypto gambling is one of the business right now but if you are referring this I think it's okay to move to gambling discussion.

It's easy to hear and read that anyone can start his crypto business or crypto casino but maintaining it is the hardest part of it. I'm interested of having my own crypto business but I know the qualities and challenges that I need to pass before making one.

If somebody shows interest for making his own casino, think of it as it's not just about making profit, it's about customer service and your reliability as a casino providing many things for the sake of your casino and taking care of customers.

Cryptocurrency is definitely worth your investment in 2020. It might be better to start a crypto-business this year as it offers a lot of advantages. Here are some advantages of having a crypto-business:

It attracts new customers
As it is still quite new and rare compared to the traditional businesses, it can attract new customers and secure your position in the competition.

It’s easier, faster, and cheaper
With no middlemen, transactions with cryptocurrencies are easier, faster, and cheaper. It’s beneficial for your customers as without additional fees, you can offer product in a much lower price.

It’s liquid
Cryptocurrencies are can be cashed out relatively quickly, which would be a big advantage for your customers.

It has no barriers
With no barriers, international trade is more accessible. It means, you can expand your business to any regions!

It’s secure
Transaction using cryptocurrencies cannot be reversed, which reduces the fraud. It can help you gain customers’ trust.

One of the best business you can try out is establishing your own cryptocasino. It offers more advantages as it also provides anonymity for they who doesn’t want to be associated with gambling industry but still want to benefit from it.

WagerGun is the best crypto-casino provider in the market. Here are why you should launch a crypto-casino with WagerGun:

•   24 hours set up
•   Full control over funds
•   Any crypto currency
•   100% Crypto (account in crypto, deposit, play, and withdraw crypto)
•   Easy player conversion
•   Any country any territory
•   One click registration
•   No license resctriction

For more information about crypto-casino business, check this link: https://wager-gun.com/en/crypto-casino-secure/