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.
[/quote]
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.
Topic: Crypto Casinos - page 2. (Read 778 times)
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.
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.
Gambling sites need to keep up with the times in order to evolve and also provide convenience to their customers, so far many countries have started to take actions to shut down gambling sites, which are actually something that is considered an enemy, so often gamblers are a little bit afraid to deposit and withdraw using fiat money through bank accounts due to restrictions imposed by banks and governments, So indeed the use of bitcoin and other cryptocurrencies in online gambling is an innovative development in my opinion, for now we can say that the two are indeed mutually beneficial and help drive significant growth, both for bitcoin and the development of the site, bitcoin has offered many advantage such as anonymity, fast transactions and low fee, which makes it very suitable for use in gambling sites in the modern era Ini.Both cryptocurrencies and gambling compliment each other. Online gambling has passed through different phases, infusing cryptocurrencies into gambling is a plus to the casinos and the gamblers.
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.
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. 
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.
Gambling sites need to keep up with the times in order to evolve and also provide convenience to their customers, so far many countries have started to take actions to shut down gambling sites, which are actually something that is considered an enemy, so often gamblers are a little bit afraid to deposit and withdraw using fiat money through bank accounts due to restrictions imposed by banks and governments, So indeed the use of bitcoin and other cryptocurrencies in online gambling is an innovative development in my opinion, for now we can say that the two are indeed mutually beneficial and help drive significant growth, both for bitcoin and the development of the site, bitcoin has offered many advantage such as anonymity, fast transactions and low fee, which makes it very suitable for use in gambling sites in the modern era Ini. Crypto is an access to multinational online gambling, in the past even without us doing KYC can do it easily without being recognized by anyone even the owner of the casino itself, you only need to send the bitcoin that you have to your casino account then you can play comfortably there, and You can attract your victory without having to question.
But even today, with KYC and others, it is still a growing business. As what others shows, it's a billion dollar industry so nothing has changed. Except that it really moves so fast and crypto in the middle of it. And then casino evolved as well, it's not just Bitcoin that is readily accepted, but other altcoins as well.
Of course the close relationship in the development of the gambling industry from Crypto is a very genius step that can be utilized by the business of gambling with technological developments, and now and so on will continue to be in touch and will be even greater, conventional gamblers may turn to online gambling more massive in the coming years.
They find a way for crypto to be used on others, and just like money, they accepted it as form. Maybe you can call them genius, but that's how business work. Now online and brick and mortar casino have captured us, so to speak and both operators, are making a lot of money.
The connectivity of these two industries is a very profitable thing for online casinos, brands can expand even wider, and each crypto has a very large community that allows some new gamblers to come from certain project communities to use their holdings to bet in casinos that support their coins.
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.
With these numbers, it is obvious that a huge part of gamblers nowadays use crypto. There are many benefits to using crypto particularly if you are gambling. 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?
I have to agree that they both help each other because the growth of online gambling started to become more rapid when crypto was becoming more popular. Cryptocurrency makes online gambling stress free from depositing and making withdrawal. After initiating a transaction, you get your money instantly with just few delays when there's problem with congestion. Most people gambling with cryptocurrency is because they don't know what to do with the cryptocurrency that they have and they're looking for a way to spend it. After making profits from investing, not everybody wants to keep investing continuously as some people will want to spend some of their gains and gambling is one of the best ways to spend cryptocurrency. Both industry can survive without needing eachother but they function better together as gambling has introduced some people to cryptocurrency.
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?
when it comes to this aspect as we do go ahead in years on which they are slowly changing up to be centralized because these businesses are really that become regulated on which its not shocking that they would be that starting on being KYC-less and turned out to be opposite when these platforms or business had become that regulated specially if its licensed.
Even a few years ago when crypto was less popular, the amount of crypto used for gambling was less. Over time crypto is very popular today due to which people are gambling today even using it. Because of this the online gambling sector is becoming popular and the expansion of crypto usage is increasing and really attracting a lot of people. Moreover, both crypto and gambling are mutually beneficial because people are buying crypto and betting on gambling. There are alternative currencies such as firat for betting on gambling. Anyway gambling is being played with the currency of one's own country in online gambling.
Jump to: