Crypto Casinos - page 4. | Bitcointalksearch.org

Mia Chloe

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Crypto Casino and Sportsbook

Quote from: kotajikikox on October 31, 2024, 09:37:26 PM

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, crypto actually made a lot of things easier, and one of them happens to be gambling. Others are quite numerous including seamless payments, fast and flexible payment and mos especially a very easy and alternative method of investing like in the case of bitcoin. The idea is crypto actually made gambling much easier and less restrictive. Yes the internet made it more flexible in the sense that you can actually gamble anywhere in the world.

In addition crypto actually put a break to that kind of currency barrier meaning regardless of the fiat currency native to your country or location, you can still purchase crypto and gamble with any crypto casino of your choice instead of only fiat casino native to your country.

Ryu_Ar1

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I feel that for now actually even though it seems that the two are not really tied together but it is undeniable that if the two are put together then it will provide benefits to both parties.

Crypto is basically not tied to gambling and gambling is also not the same where there are no ties whatsoever with Crypyo, it's just that we are also aware that for now they seem to have momentum to benefit each other.
Casinos know that currently there are also many crypto enthusiasts who gamble and this is certainly used as an option so that when making deposits it is not only in the form of fiat, the simplicity may be to have more variety in withdrawals and deposits which of course this is actually used as more utilization because we are certainly aware that when crypto enthusiasts gamble, sometimes they prefer to bet assets in crypto rather than fiat so it is clear that this is a new marketing for casinos.

Jawhead999

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Yeah cryptocurrency do give a big impact to online casino, it's not easy for unregulated casinos to accept fiat/e-wallet because the banks would freeze the accounts, limit them to gamble online. However, if we're using cryptocurrency, the government is still less educated about cryptocurrency, so they still not really aware to know which address owned by whom and how to stop it etc.

Crypto casinos is still like a wild west, sad to say this, but I expect there would be a big regulations comes up in near future.

Ziskinberg

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Crypto gambling has already taken over the gambling industry, holding a massive $250 billion out of the total $305.8 billion market - about 82%. That speaks volumes about its dominance. Back in 2017, the market was just $47 billion, so this shows significant growth year after year, with crypto being a major driver of that success.

https://www.globaldata.com/data-insights/travel-and-tourism/global-market-size-of-the-online-gambling-industry/

asyakashi

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Both are mutually beneficial, for users it is quite easy to make deposits and withdrawals, and users do not need to expose account numbers or names to make transactions, there are many conveniences that can be obtained, it's just that there are still many who make gambling illegal.

YOSHIE

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Quote from: kotajikikox on October 31, 2024, 09:37:26 PM

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?

The crypto casino industry and the types of crypto itself such as Bitcoin and so on, these two things are related and mutually beneficial, both from the online side and also the users themselves, especially the internet technology part to be able to run online directly which can be used by the users themselves.

With digital/crypto currency-based casinos using an online system so that users around the world no longer need to come to physical casinos to gamble, Anyone can see online casinos face to face at home or wherever they are as long as the internet is running normally and casinos anywhere can be online, that's the difference between the technological era and the past.

My assessment is that as long as there is crypto, it's not just the online gambling industry that will benefit, almost all sectors will benefit.

Taskford

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Quote from: kotajikikox on October 31, 2024, 09:37:26 PM

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?

It exist for long time and its just online casino became more famous its because cryptocurrency has been known then casino use it also the pandemic happen. This two things became a recipe of success that's why online gambling became famous for lots of people in different nation.

We can really say that the existence of crypto help these businesses to operate more easier that's why its expected that this industry will boom more especially that cryptocurrency adaption became more wider.

Both really benefit from it that's why online casino right now became a multi million dollar industry.

Ever-young

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Quote from: kotajikikox on October 31, 2024, 09:37:26 PM

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?

Both the casino and gamblers are benefiting from cryptocurrency. It's because if it's easy to use, that makes some gamblers adopt to it.

In some cases, it saves crypto casinos the stress of swift transactions as they don't have to worry about international settlements. All deposits and withdrawals can be handled without much stress or need for bank approval.

For some people whose fear of not getting their bank account connected to gambling activities, crypto makes it easy for them to gamble, accumulate, and spend crypto with less worrying about privacy.

Charles-Tim

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Quote from: Jewan420 on November 01, 2024, 06:04:26 AM

The advent of cryptocurrency has made gambling transactions somewhat easier and convenient.

Yes but you are referring to cross border transactions. In my country, fiat casinos transaction are also fast and easy. You can fund your account on a gambling site easily from your bank. But if it is cross border or offshore gambling sites, I noticed only wire transfer is allowed in my country and it can take more than 14 days. Also now credit card transfer to those international gambling sites are blocked in my country but crypto made it easy.

freedomgo

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Playbet.io - Crypto Casino and Sportsbook

Absolutely, it’ll boost the market since as crypto gambling gains popularity, demand for crypto is bound to grow. People are definitely getting more comfortable with crypto gambling, especially since KYC requirements are looser compared to fiat casinos, where KYC is pretty much a must to start gambling. So it seems inevitable that more gamblers will shift to crypto, especially as the market sees more regulation.

But it’s really about volume in these crypto casinos. Big players, the ones betting $100k to $1 million will likely stick to highly regulated casinos like those in Vegas for the added security. However, for regular users and casual gamblers, crypto casinos have a strong appeal due to ease of access and fewer restrictions.

$crypto$

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Obviously Crypto and Gambling are mutually beneficial where the adoption is greater now probably almost many casinos are accepting crypto as their currency, on the other hand crypto is becoming more popular with such a large number of transactions.

In the future it will grow more for both of them, moreover gambling is never quiet in any aspect so crypto will grow more and more some players will use online gambling and the currency is chosen crypto.

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

Crypto and gambling will benefits from that because when crypto becomes bigger, gambling industry can also bigger. The online casino will see this as the opportunity to make more money especially when they use crypto for the bet besides of fiat. They see the popularity of crypto increases and many gamblers also use crypto to playing gambling.

We may see many online casinos launch their business and use crypto as their major payment. But they also accept fiat that many gamblers still use. Gamblers who doesn't know about crypto but often visiting online casinos will see the existence of crypto so they will learn how to use it. The growth of crypto and online casinos/gambling in this matter will increase while more people will use crypto and playing gambling using crypto.

Pandu Geddon

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Quote from: kotajikikox on October 31, 2024, 09:37:26 PM

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?

The gambling industry must be very profitable. If not, then online casinos can't grow so rapidly today. Regardless of whether crypto is profitable or not, it depends on its users. However, crypto is used as a tool for betting as an alternative to money. Casinos develop crypto gambling because they see a good crypto market and now its users are very large. So they are looking for profit with a market that is also profitable for them.

mammusu

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Leading Crypto Sports Betting & Casino Platform

Quote from: Davidvictorson on November 01, 2024, 04:07:49 AM

Quote from: kotajikikox on October 31, 2024, 09:37:26 PM

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?

This is very well written and clear. Thank you for making it easier for us. Now to your question, there is always a benefit of new technology. Let us see cryptocurrencies are new technology for a moment. For example, I am from Nigeria and it would take more than 24hours for my account to be funded if I were using fiat or any of those bank transfer or deposit methods. And i could have even gambled on the weekend. But here with crypto currency and its technologies, deposit and even withdrawals as easy. And I have not fear of it getting stuck. One small disadvantage to this is when the transaction fees are high, still we can use alternative crypto to escape it.

Crypto is one of the alternatives in making it easier for us in various ways, not only investment and finance, crypto is also currently a solution for casinos to make it easier for gamblers to make deposits and withdrawals, the use of crypto does offer many advantages, especially in terms of speed and ease of transactions, such as in your country or other developing countries so this is very helpful for those of us who live in countries with a banking system that may be slow or inefficient, besides that the anonymous nature of crypto certainly keeps our identity anonymous and will certainly make us safer, I think compared to the difficulties we get in the use of fiat, of course crypto transaction fees are much cheaper, especially now many casinos offer alternative crypto (coins or tokens) that can be used to avoid high fees.

Jewan420

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The advent of cryptocurrency has made gambling transactions somewhat easier and convenient. A deep connection has developed between a crypto user and a gambler. If you see most gamblers are involved in crypto and for a gambler crypto is a bit easier. Since the creation of the crypto market we have seen an increase in the number of casinos in the market, the reason for which we can say that most of the crypto users enter gambling which is increasing the number of gambling users.

EarnOnVictor

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Quote from: kotajikikox on October 31, 2024, 09:37:26 PM

-snip-
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, they benefit from each other and here are why;

1. Casinos are able to offer their services to wider doorsteps in various countries because crypto made it available. I, for one wouldn't have been able to afford a huge bank wire transfer fee just because I wanted to gamble with my preferred online casinos. My country's bank card is having issues due to the FX shortage.

2. This forces interested people to open a crypto wallet and fund it with their preferred coins/tokens, which invariably causes more adoption and liquidity for the cryptocurrency.

Charles-Tim

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Quote from: kotajikikox on October 31, 2024, 09:37:26 PM

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?

Without crypto gambling sites, cryptocurrencies will exist because people will buy cryptocurrencies like bitcoin for other purposes like investment and store of value et cetera. Also without cryptocurrencies, gambling sites will exist because cryptocurrencies are not the only form of money that is existing. But cryptocurrencies makes gambling better for gamblers, especially for cross boarder payment. Also gamblers will because of gambling see cryptocurrencies as money. Both can be separate but they benefit from each other definitely. Gambling helped in increase of crypto adoption.

Popkon6

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Cryptocurrencies are definitely compatible with casinos, as there is a large majority of people in this world who are involved in both gambling and cryptocurrencies. Generally it plays the biggest role in gambling and even more in crypto payments. A gambler also enters the casino with cryptocurrency, and repeatedly appears in the casino and starts gambling. A gambler can also contribute between casinos and cryptocurrencies, and it has enjoyed this benefit for a long time.

Zlantann

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Quote from: kotajikikox on October 31, 2024, 09:37:26 PM

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?

The reason why more fiat-based casinos are adopting cryptocurrencies is because they are benefitting from it. Accepting crypto deposits helps to expand the customer base of these casinos since cryptocurrencies are becoming more popular among young gamblers. The integration of cryptos in online gambling has increased the financial base of the industry, created more employment opportunities and increased profitability. The government is also benefitting because it has increased tax revenue. While gamblers now have payment options and enjoy reduced KYC requirements and cheap transaction fees. The introduction of crypto casinos has been beneficial to all parties involved in the online gambling sector.

Davidvictorson

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Quote from: kotajikikox on October 31, 2024, 09:37:26 PM

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?

This is very well written and clear. Thank you for making it easier for us. Now to your question, there is always a benefit of new technology. Let us see cryptocurrencies are new technology for a moment. For example, I am from Nigeria and it would take more than 24hours for my account to be funded if I were using fiat or any of those bank transfer or deposit methods. And i could have even gambled on the weekend. But here with crypto currency and its technologies, deposit and even withdrawals as easy. And I have not fear of it getting stuck. One small disadvantage to this is when the transaction fees are high, still we can use alternative crypto to escape it.

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