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Topic: Crypto Casinos - page 3. (Read 880 times)

sr. member
Activity: 630
Merit: 277
November 03, 2024, 03:26:39 AM
#68
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.
You are right. Both cryptocurrencies and online gambling platforms that use crypto are beneficial to each other. Casinos adopting certain cryptocurrencies creates more visibility and popularity for those cryptocurrencies and these leads to their wider adoption through their usage in some of these crypto casinos. Casinos too have to take advantage of the anonymity feature of some of these cryptocurrencies to gain more customers,  especially in jurisdictions where gambling is restricted. Adopting cryptocurrencies will also help them get gamblers all over the world without having any currency barrier.

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.
member
Activity: 110
Merit: 52
November 03, 2024, 03:13:47 AM
#67
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.
hero member
Activity: 1372
Merit: 502
Leading Crypto Sports Betting & Casino Platform
November 03, 2024, 02:24:41 AM
#66
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.
legendary
Activity: 1204
Merit: 1005
November 03, 2024, 02:03:24 AM
#65
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.
You are right that the tightening of regulations regarding the casino industry is not an obstacle for people to continue gambling using crypto and is actually growing, of course this is none other than because many people are interested in crypto and more and more people are plunging into using crypto so that the circulation of money is also getting bigger and some of them like to gamble which will drain their money into casinos, gambling is indeed a very interesting industry to make money especially if it provides convenience and comfort for its customers.

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.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
November 02, 2024, 05:56:07 PM
#64
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.
sr. member
Activity: 728
Merit: 444
November 02, 2024, 05:09:57 PM
#63
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.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
November 02, 2024, 04:41:49 PM
#62

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?
Actually this doesnt really just that only affect Gambling industry but also in other industries as well if we do speak or talk about cryptocurrency integration on which it will really be bringing out that significant effect. The good thing that crypto comes into gambling industry is that people do able to play without having being known due to that anonymous gambling but we've seen that there's some notable change
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.
sr. member
Activity: 756
Merit: 250
20BET - Premium Casino & Sportsbook
November 02, 2024, 09:46:21 AM
#61
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.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
November 02, 2024, 09:45:46 AM
#60
Gambling has existed ever since in different forms and shapes. But it was during 1600s that casinos were invented and even later that casinos were legalized.

But then cryptocurrencies came along and there has been a notable shift in the casino industry. A lot of crypto transactions are associated with gambling. It is said that the crypto gambling market size is at $250 billion.

Online gambling has also allowed for more adoption of crypto casinos with 55% of online gamers owning cryptocurrency.

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?

Yes ofcourse, crypto community has seen a good amount of gamblers turning to crypto for their gambling needs.
The reason might be anything but online gambling has favored crypto and brought in good amount of volume.
On the other hand crypto gambling comes with its own associated risks and so while there are good amount of pros, there are some cons too which cannot be neglected.
hero member
Activity: 980
Merit: 585
Leading Crypto Sports Betting & Casino Platform
November 02, 2024, 09:24:44 AM
#59

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?

Yeah what I believe about crypto and alongside casinos is that they both work hand in hand so both can as well benefit from each other in the long run, and I think it's more of benefits to the casino because alot of people find it at ease to gamble using crypto currency which is going vast, so since the crypto community is growing the casinos are also growing thereby paving ways for a user friendly process for users while gambling. So just as the casino are promoting the use of crypto currency, the use it's adoption is becoming more unlimited.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
November 02, 2024, 07:47:48 AM
#58
~snip

If the person knows how to track transactions, he can. But if not, you will only see the tx number and other numbers but not exactly the name of the person. But I can agree that anonymity is not really exercise anymore in crypto. Just think of the KYC protocol that every site - trading platform or gambling site is requiring from their users.

Anonymity is a double-edged sword so it's hard to say whether it's good or bad. If everyone uses cryptocurrencies to protect their privacy and make legal transactions, that's fine. But if many people are using cryptocurrencies to commit illegal acts such as money laundering, smuggling and terrorist financing, this is a problem that needs to be stopped immediately. So when it comes to anonymity, it can really cause some heated debate. Cryptocurrency casinos will help us protect our privacy, but what if criminals use it to commit illegal acts?
hero member
Activity: 3052
Merit: 685
November 02, 2024, 06:32:49 AM
#57
certainly but unfortunately cryptos are not widely used for many things unfortunately

I'm curious, what has been used now? As a gambler, I also refer to my activity as crypto gambling since today’s casinos are often called crypto casinos. Back in the day, they were known as Bitcoin casinos because Bitcoin was the only accepted currency, especially during the era of dice games like Primedice and Safedice, along with other popular dice platforms. Now, with more payment options added (various cryptos), these dice games have expanded to include a range of casino games and even sportsbooks.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
November 01, 2024, 06:51:37 PM
#56
Gambling has existed ever since in different forms and shapes. But it was during 1600s that casinos were invented and even later that casinos were legalized.

But then cryptocurrencies came along and there has been a notable shift in the casino industry. A lot of crypto transactions are associated with gambling. It is said that the crypto gambling market size is at $250 billion.

Online gambling has also allowed for more adoption of crypto casinos with 55% of online gamers owning cryptocurrency.

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?
They're actually having different sectors of growth, cryptocurrency gambling is separated from online casino that offers fiat money deposit. Most of the popular games nowadays which is accessible through android applications that's available and user friendly to everybody was through cash deposits. I don't really seem to observe crypto betting that's usually been gambling directly with crypto coins. Hopefully in near future, it's going to be more transparent to public as well learning process will follow.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
November 01, 2024, 06:26:22 PM
#55
...

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 think in the beginning of the crypto industry when Bitcoin only existed, together with Litecoin and other smaller projects, it was a very heavy stigma on the use of cryptocurrency due to people and the media commenting that only criminals used it for their own markets and to acquire illegal goods and services. Gambling helped in those times when it was harder to find reliable exchanges and wallets, it created a demand for Bitcoin when it was not in the spotlight and many people thought it could not be successful as a medium of exchange, so Bitcoin benefitted more from gambling than gambling benefited from Bitcoin.
But that was only in the beginning, as Cryptocurrencies started to lose their stigma and regulators were willing to grand licenses to casinos for them to use Bitcoin, the sector started to grow dramatically as well on the internet.

It is an interesting history which continues to be written even to this day.
sr. member
Activity: 686
Merit: 398
November 01, 2024, 05:31:18 PM
#54
certainly but unfortunately cryptos are not widely used for many things unfortunately
Crypto is not widely used for many things, but it's mostly used by most people. Even though the percentage of users in the total world population is below 10%, it's still a large range compared to how long it has been in existence. 
 
Casino is also part of the industry, which I have seen help the spread of crypto currency as many have to make use of it as a means of deposit and withdrawal.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
November 01, 2024, 05:24:52 PM
#53
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?
One of the reasons I have found that has gotten so many gambling with crypto has been mainly because of anonymity and crypto has one very awesome way of helping with anonymity much more than with the regular gambling patterns around casinos
[...]
Attention: This is a misconception that cryptos (regular and usually accepted by casinos) are anonymous. On the contrary: crypto transactions are completely traceable, and more and more exchanges and banks are making use of this. Transfers from/to (unregulated) gambling platforms in particular can lead to deposits on exchanges, for example, being blocked.  

If the person knows how to track transactions, he can. But if not, you will only see the tx number and other numbers but not exactly the name of the person. But I can agree that anonymity is not really exercise anymore in crypto. Just think of the KYC protocol that every site - trading platform or gambling site is requiring from their users. This is because we are going mainstream and that means, the government now needs to regulate this business. Just like any other business, this business needs to submit proper docs to continue its operation.
full member
Activity: 252
Merit: 175
cout << "Bitcoin";
November 01, 2024, 05:20:34 PM
#52
Do you think both industries, crypto and gambling sector, benefit from one another seeing how intertwined they seem to be?

Of course, they do. Seeing how fiats of different countries continues to depreciate on a daily basis, you don't expect some of these top gamblers to leave their money in that way. They definitely need something that will appreciate well, and give them a better worth when gambling.

Quote
Do you think both  played a part in the growth of both online gaming and cryptocurrencies?

IMO, I think they do to some extent. As casino's starts accepting crypto, we definitely expect more/regular transactions in this area. Those who gamble and are not crypto holders might even be pressured to hold one, which means there will be more purchase, and when there are more demands, then we all know how effective it can be to the market to some extent as well.
legendary
Activity: 2576
Merit: 1655
November 01, 2024, 05:11:42 PM
#51
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.
hero member
Activity: 1778
Merit: 907
November 01, 2024, 04:56:44 PM
#50
Makes no sense? Have you noticed that everytime btc dips Microstrategy is right there buying it up? When I say whales I don't mean the guys that mined btc in the early days and who are now rich, I'm talking big corporations, rich people that are controlling the market and manipulating it up or down to suit their position.

We are all free to have opinions.
I agree; I wouldn't consider the early adopters as whales, but the large corporations that are buying huge amounts of Bitcoin at every price dip, constantly. We're talking about millions of dollars worth of Bitcoin, and it's not only MicroStrategy; there are others as well.

To return to the original subject, I believe that both industries have benefited from each other, as cryptocurrencies have played a major role in the gambling industry. Another user previously mentioned that the related transactions are up to $300b; that's an insane amount of money, but I'm guessing that fiat currencies are still the go-to option for most gamblers who haven't chosen the path of cryptocurrencies. However, that's still a huge volume of transactions conducted via cryptocurrencies, assisting further in their advancement.
legendary
Activity: 2604
Merit: 2353
November 01, 2024, 04:56:40 PM
#49
Certainly but unfortunately cryptos are not widely used for many things unfortunately, and in many countries gambling activity is severly monitored and regulated, so people have no access to all the games, bonuses and promotions offered by offshore casinos at their local ones. In addition banks don't like gamblers very much and may ask questions when they see one customer making transfers or card purchases to casinos or sportsbooks and receiving money from them. So it's more convenient to use cryptos for gambling in the end. Besides that, I think people feel more comfortable to bet cryptos like it is candies than betting fiat money for some psychological reasons I guess.
2 years ago 7% of all Bitcoin transactions were related to Stake according to them. So as Stunna said gambling is maybe the killer app of cryptos actually.

Quote
So big is Stake that its owners claim it accounts for about 7 per cent of total Bitcoin transactions around the world daily (blockchain.com statistics show there are usually 200,000 to 300,000 Bitcoin transactions per day). “People have been trying to find the killer application for cryptocurrency,” says Tehrani. “Well, it’s gambling.”
https://www.theaustralian.com.au/weekend-australian-magazine/these-men-are-conquering-crypto-but-are-the-stakes-too-high/news-story/11cb0db4257ec9e703e225f1d91a5b8c
https://archive.is/0kRLn
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