Topic: Crypto Casinos (Read 778 times)

Yes, crypto industry has been heavily adopted thanks to its incorporation to gambling industry. One of the main usages of crypto nowadays is for gambling activity, and it has been like this since the early years of this industry through dice websites. Right now the businesses just escalated to much higher proportions, with some crypto casinos even becoming top ones in a global basis. On the other hand, I think crypto industry shouldn't rely its popularity solely on gambling activity. Cryptocurrencies should be involved with another sectors of society as well in order to gain more traction and sustainability on long term.

It's just too risky to expect fruits along the years from crypto universe based only on gambling and speculation, which are the current strong points of this market.

Anything that involves blockchain technology and any type of tokens, cryptocurrencies if the casino does it well, will be of great use to the one who only Develops and to customers in general , the casino should not forget that its customers always want to win , the casino in one way or another knows how to do it ,but if they do not do it well it is obvious that they will have a site that can fall in reputation and by the repudiation of many people , as has happened in other casinos , which are in the forum , and that people who believe for the second time , continue to fall the same.

It is absolutely true that gambling gambling has been existed on before it gained popularity on casinos while the Crypto casinos was as end technology making gambling a more credible and viral in advancement.

Actually the uniqueness of the Crypto casinos on gambling is the format that players who chooses to play anonymously can as much play at their comfort zones, making deposits and withdrawing of their funds with the decentralized Crypto casinos.

This main reason why bettors are more interested in casinos that are not required with the KYCs

Gambling industry did really have that being affected with the creation of cryptocurrency or simply be able to benefit out because we do know that crypto market had become that bigger over the span of decade+
and since this do pertains about p2p payments or something that do talk about making engagement with gambling without dealing up with credit card and other traditional centralized payments then it did really expand out
that payment option on which this did really make up that more attention and consideration. Come to think that other industries do really make out that kind of benefits too because of crypto existence on which it cant be really denied that when it comes to benefits and that accessibility then it do really make out that kind of recognition. Come to think that people do prefer on having that anonymous or not being known into the things that they are dealing online. This is where crypto would really be that relevant into this approach.

We have seen that crypto casinos are increasing in numbers on which this do really shows that there's so much recognition and demand on which into those gamblers who do prefer that anonymity, but somehow
with the current situation where these platforms had been slowly changing into centralized ones and ending up having some issues about verification or KYC on which we do know that people
doesnt really like this thing.

Have you forgotten that most of the local gambling site out there doesn't support cryptocurrency deposit due to some regulation issues from most countries. The major interest should be that before a gambling site launches they would indicate their area of interest, if is cryptocurrency casino or not, because most of the casino's launching here are cryptocurrency casino. If you moved out of this forum you would also see in real life there are casino's that doesn't accept cryptocurrencies due to their regulations; I can also sight an example to some of local casino we have in our country doesn't yet incorporated with cryptocurrency due to government and their regulations.

For me yes, but there will be negative and positive effects of it in cryptocurrency.

For negative effects, what I can see that could destroy the image of cryptocurrency is scams or fraud gambling platforms where they tend to use cryptocurrencies for their transactions, it will give a negative image of cryptocurrency.
Positive effect is cryptocurrency being used on what is for online transactions, where most of us now are already in the era of cashless transactions with just the help of internet.

Crypto casino realize that they can make a big profit from gambling because the chance for online business grow and develop will be wide open. When online casino specifically crypto casino can gives a different experience to gamblers, that can invite more gamblers to comes and spend their money. The transition of the fiat gamblers began from the Covid-19 where they can not play at the physical casino and confuse where they can playing gambling. Maybe some of them already played on the online casino based on fiat but we know how and what crypto casino promotion on the internet. So that giving attention to the fiat gamblers to curious with crypto casino and they gives it a try. The crypto casino can grow more than now in the future especially when there is a big demand from gambler that comes from all countries. A crypto casino realizes about this fact so they are trying to do their best for their members.

The wild adoption of a particular product or service works based on customer demand. The moment people started using crypto for transactions, any wise business would know it's time to incorporate crypto as a payment method. So, casinos adopting cryptocurrency was a great move to grow their revenue. Now, you don't have to worry about cash; you can use any comfortable payment method.

Cryptocurrency has helped the gambling industry, and vice versa. Casinos get more customers due to flexible payment options, while cryptocurrency gains more users. As people adopt and use crypto more, knowledge about it spreads. Both industries benefit mutually from each other's capacity.

Yeah, in summary.
There are a lot of new casinos keeps on establishing themselves because they see the demand and they have to keep with the competition from the larger casinos because they're seeing the need of it. And the transition of the fiat gamblers going into crypto is very visible and they just can't ignore that fact so, they are doing everything they can to sustain the needs of the gamblers through making new ones. But to be honest, even if they make new ones if the existing ones are known and can keep up with the demand of the gamblers, there's no need for them to come.

Yes, both fiat and crypto will works properly in their field and the gamblers will know which currency they can use to playing gambling. They will choose what currency that can makes them feels comfortable when playing gambling. But even of many people still use fiat to playing gambling, that will not stops crypto from the other gamblers because fiat and crypto will have its fan. So that will not gives a problem for gamblers or casinos because people already know which currency that will suit with their wanting. That is why many casinos based on fiat and crypto still launch because they see that people who playing gambling can increase with so many easiness that people can gets.

The trend for crypto way back a decade ago or so, isn't that much and that's why they have contributed a lot to the demand of crypto. They're not just simply adopting the trends. Look at the physical casinos, even til' now many of them don't adopt crypto and that's why those that have adopted too early really just bet on it.

I think early policies do play a part in here. KYCs weren't a thing in the past and it doesn't need to be done when cryptos weren't massively adopted yet. So, those that want to hide their identity have now a go-to place to spend the cryptos that they have. Giving props to them isn't that hard to do so and that's why I recognize them.

Casinos are just adopting to the trends, making sure that what customers want is what they are offering them. The demand and competition are very high.
 
As for the more casinos, the more customers that they are getting and the more demand for crypto.
 
In some cases, the majority of the people who prefer to gamble with crypto against the fiat are those who already hold some crypto in their wallet and are not just buying it because of gambling, especially for casinos that accept both fiat and crypto.

So, fiat and crypto complements each other because of the adoption that has happened from these casinos. Whether they're known as a fully pledged crypto casino or a fiat casino that doesn't really accept any fiat in there. With that, it's true that the people are into them because of the options that we have, it's easier to check on any of them because of that reason. In the end, the real winner is us. We get to gamble wherever we are and how much is our balance as long as we're having fun and we take benefits from it and it is supporting the liking of us like gambling with the cryptos we like.

In the history of crypto, what's one of the first industries that have accepted and hugged it with an open heart?

The gambling industry.

From that, you can already see the significance and importance of the early crypto casinos that have welcomed it.

I wouldn't blame them because even the top site with a tough security can also get hacked. It is not that they didn't tried their best but it is just that there are only hackers who are more intelligent and wiser than them. Of course, unless only if it was an inside job because it can be their fault of trusting their developers/team too much.

Cryptos and hacking aren't new and I believe casinos have learned a lot from their mistakes. Apart from improving their security, another tactic that I know that they do, is to use a cold wallet/storage. That way not all of their funds are going to get hacked since it was stored away from the internet. So as long as the casino is known to be legit, rest only assured that our funds are safe if we choose to not withdraw them for a while.

If we choose to withdraw, then fine. It still have another benefit other than being completely safe from hacks and scams, and that is we won't get tempted to play again and lose it all. That's true that withdrawal limits are now a thing. I think there is a good reason for that and I believe many casinos will just processed our withdrawals quickly, so it wouldn't take us a long time to withdraw all the amounts, unless of course if we did something shady.

Yes this is kind of mutualistic relationship between each industry, gambling will get more people involved especially the interest of crypto users and the cryptocurrency industry itself will benefit from the increasing adoption and of course this can increase the stability and price of several types of crypto currencies themselves.
On the other hand, crypto and gambling are relationship that is mutually bound to support their respective developments, this is one form of the development of the increasingly advanced digital era and is able to create its own world.

In my opinion, both sectors are benefiting. Crypto casinos are sponsoring major leagues, which increases the casino's exposure. Since they are crypto casinos, people who want to use these casinos will need to buy cryptocurrencies. This way, the cryptocurrency market grows and the crypto casino market also grows. For example, crypto casinos sponsor UFC, so a UFC athlete who sees a crypto casino during the fight event and is interested, he will create an account at the casino and then buy cryptocurrency. In this way, both markets are growing.

Crypto casino now become more popular and reach more gamblers because that is the impact from Covid-19 ago where people can not go to their favorite physical casino. They confuse where they can playing gambling and while they are searching for the online casino, they find the crypto casino and see the crypto that is something new for them. While they search for more about crypto, they see crypto can be alternative to playing gambling and that makes them trying to playing gambling on the crypto casino. Both crypto and fiat casino have more fan from the situation and now, both crypto and fiat casino become more popular.

Hmmm like it or not Crypto itself popular because some shady things and with some illegal stuff but when it comes to gambling and crypto I think both has the benefit one and the other because right now like you have said crypto casino have gain some traction and the business value increased year by year

I believe in the next year this things not gonna stop.

There are pros and cons for crypto casinos but they're one of the first to adopt the cryptocurrencies as currencies supported in them. Right now, we see tons of online casinos that came from fiat accepting-only into adopting cryptocurrencies as well. This is the reason why these two helps each other and making such a good business that's thriving and we're all beneficiaries of it. The more casinos, the more people that adopts it, the better and higher demand that we're all liking to see because that increases the usage of it and the value into those supported cryptos.