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.
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.
Topic: Crypto Casinos - page 2. (Read 880 times)
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.
The gambling industry.
From that, you can already see the significance and importance of the early crypto casinos that have welcomed it.
At the same time crypto casinos have to increase the safety of their hot wallets as gamblers may lost their crypto even when playing on legitimate sites. The latest effected is Metawin crypto casino the hot wallet of which was breached and drained by $4M. Due to this kind of reasons I prefer to not keep my money for a long time at online casinos and withdraw my wins (if any) ASAP.
That’s really the casino’s fault if anything. Nothing much that we can do but withdraw our winnings and not get it into too huge territory. But at the same time, some casinos have minimum requirements of how much you can withdraw so it makes it difficult to just withdraw it right away and some may even question you if you keep on withdrawing. Online casinos should do better and build their walls around them stronger and more secure.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.
Do you think both industries, crypto and gambling sector, benefit from one another seeing how intertwined they seem to be? Do you think both played a part in the growth of both online gaming and cryptocurrencies?
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 yearI believe in the next year this things not gonna stop.
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.
Do you think both industries, crypto and gambling sector, benefit from one another seeing how intertwined they seem to be? Do you think both played a part in the growth of both online gaming and cryptocurrencies?
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.
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The casino and crypto industry will benefit each other with the practicality of using crypto, compared to fiat, but everything has its positive and negative sides, but in my opinion, casinos using crypto are still relatively new and I am sure that in the future it will continue to develop
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.
Do you think both industries, crypto and gambling sector, benefit from one another seeing how intertwined they seem to be? Do you think both played a part in the growth of both online gaming and cryptocurrencies?
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.
The casino and crypto industry will benefit each other with the practicality of using crypto, compared to fiat, but everything has its positive and negative sides, but in my opinion, casinos using crypto are still relatively new and I am sure that in the future it will continue to develop
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. 
I think crypto played a part in growing the online casino industry but IMO I feel like crypto is controlled by a group of whales who tug the strings like a marionette is pulled in a puppet show. Both have benefitted each other but I think the casino industry got a little more out of it.
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Yes you're right about saying that crypto has played a significant role in the development of the casino and also they make sure transactions are carried out effectively without stress but then if the crypto community are playing such roles for the casino I think it's an understanding between them and alot times I think they both benefit from each other in making sure users find it easier and stress free making use of them.
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Yes you're right about saying that crypto has played a significant role in the development of the casino and also they make sure transactions are carried out effectively without stress but then if the crypto community are playing such roles for the casino I think it's an understanding between them and alot times I think they both benefit from each other in making sure users find it easier and stress free making use of them.
The casino and crypto industry will benefit each other with the practicality of using crypto, compared to fiat, but everything has its positive and negative sides, but in my opinion, casinos using crypto are still relatively new and I am sure that in the future it will continue to develop
We don't need to go to the bank and deposit money just so we can gamble. There are also cash applications that are now available in small stores like 7/11 for deposits and I think that's a big change from the traditional way that we do things. It's easier, faster, and fees are not that high so we can go in an out anytime we want.
Handling fiat becomes a lot easier either, and now almost everyone use cards and bank transfer rather than actual cash for anything but the problem comes when it comes to cross border transfers that needs different licensing if I am not wrong along with the gambling license and needs each one for every country's fiat which is lot of legal and expenses whereas bitcoin and cryptos are just universal and don't need any licensing apart from gambling that made their work easier and to user things better.
Currently most gambling platforms now mostly casino platform do make use of cryptocurrency for their deposits, from my perspective the reason should be that cryptocurrency funding to gambling accounts should be the most fastest way someone can deposit to gambling platform accounts without experiencing complications, so I know very well that gambling platform mostly casino that does have cryptocurrency as one of the options of deposits, it will lack traffic, because many people who bet with casino rights now is addicted in funding accounts with cryptocurrency instead of fiat currency, I think it will be hard before you can see someone to fund gambling accounts especially casino accounts with fiat currency.
It is not entirely correct to compare the gambling industry and cryptocurrency. Cryptocurrency acts here only as one of the convenient payment methods. As for the gambling industry, it has always flourished, long before cryptocurrencies. If cryptocurrencies suddenly disappear, nothing bad will happen to gambling. Therefore, the gambling and betting sector has done more to spread cryptocurrencies than cryptocurrency has for these industries.
both are mutually beneficial between casinos and crypto, casinos will get ease of transactions and crypto will get the benefits of fame and more holders, and in the future I am sure people will prefer casinos to use crypto payments rather than fiat
Cryptocurrency both bitcoin has also help in growing and speeding up the use of those gambling site and, the gambling sites as well has helped to reshape the used of cryptocurrency especially since bitcoin is the major player lot of people don't mind using bitcoin to gamble at their own safe moment compared to when using respective fiat or local currencies. In summary they are both beneficial to each other as the help to growth exponentially.
Usage of cryptocurrencies also helps the gambling sites to make money too especially in times of volatility on coins like bitcoin, there are times gamblers can make deposits, place a bet and then loose it after which volatility could set in the price of the coin goes up, they make more profits off the initial amount that was gained and same applies to the gambler when they win their games, this cannot be achieved with fiat because its not that volatile. 
The use of cryptocurrency allows casinos to operate and place bets with fiat as well as individual currencies for gamblers that integrate their compatibility with the desired gamble. It is really safe that gamblers are able to individually place their bets and earn through online casino gambling. Gamblers should be careful as there are some fake casino sites online and a friend of mine lost some of his crypto from one such site which is unwanted.
Quite unfortunate for your friend, but lots of legitimate crypto casinos are reviewed all over the net and the forum, but some devious ones still appear like chameleons to decieve players. However, cryptocurrency casinos are now leading the online casinos with the millions of gamblers who appreciate the notion of earning Bitcoin via gambling and the benefit of fast processing of withdrawal through the Blockchain, instead of banks.
Do you think both industries, crypto and gambling sector, benefit from one another seeing how intertwined they seem to be? Do you think both played a part in the growth of both online gaming and cryptocurrencies?
It's like a symbiotic relationship, both helped to grow each other and now it's a huge sector apart from the casino tourism places. People had difficulty accessing online Fiat casinos because it's hard to deposit fiat from one country to another and it's also challenging to implement from the casino side but crypto came and that's become huge boost to its growth and with that Bitcoin placed it's existence to the real world people apart from community in the early days.
This is a sign that it's a different era now. We don't need to go to the bank and deposit money just so we can gamble. There are also cash applications that are now available in small stores like 7/11 for deposits and I think that's a big change from the traditional way that we do things. It's easier, faster, and fees are not that high so we can go in an out anytime we want.
Do you think both industries, crypto and gambling sector, benefit from one another seeing how intertwined they seem to be? Do you think both played a part in the growth of both online gaming and cryptocurrencies?
It's like a symbiotic relationship, both helped to grow each other and now it's a huge sector apart from the casino tourism places. People had difficulty accessing online Fiat casinos because it's hard to deposit fiat from one country to another and it's also challenging to implement from the casino side but crypto came and that's become huge boost to its growth and with that Bitcoin placed it's existence to the real world people apart from community in the early days.
At the same time crypto casinos have to increase the safety of their hot wallets as gamblers may lost their crypto even when playing on legitimate sites. The latest effected is Metawin crypto casino the hot wallet of which was breached and drained by $4M. Due to this kind of reasons I prefer to not keep my money for a long time at online casinos and withdraw my wins (if any) ASAP.
That’s really the casino’s fault if anything. Nothing much that we can do but withdraw our winnings and not get it into too huge territory. But at the same time, some casinos have minimum requirements of how much you can withdraw so it makes it difficult to just withdraw it right away and some may even question you if you keep on withdrawing. Online casinos should do better and build their walls around them stronger and more secure. 
It is really safe that gamblers are able to individually place their bets and earn through online casino gambling. Gamblers should be careful as there are some fake casino sites online and a friend of mine lost some of his crypto from one such site which is unwanted.
At the same time crypto casinos have to increase the safety of their hot wallets as gamblers may lost their crypto even when playing on legitimate sites. The latest effected is Metawin crypto casino the hot wallet of which was breached and drained by $4M. Due to this kind of reasons I prefer to not keep my money for a long time at online casinos and withdraw my wins (if any) ASAP.
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