Include there the decentralized casinos, where the entire operation of the casino can be carried out by a smart contract, from the handling of payments, generation of random numbers, bonuses, and others. The advantage is that this method reduces the transaction cost, increasing the security and integrity of the casino.
Eliminating the middleman for processing payments and likes also makes it possible for the player and casino to interact without having to provide any information other than the wallet address.... Goodbye KYC
Topic: Crypto Casinos by categories - page 2. (Read 235 times)
Oh, I liked the on-chain casinos when it was still a thing. I remember playing in Direct Bet, if anybody remembers it As well. I have placed multiple beds there, and I also managed to win some. It was straightforward and at that time, it’s direct to your wallet with your winnings. I’m not sure why it’s closed, though. Was it because of licensing or something? If anybody remembers
It's what had been conceptualized to be decentralized in the past. It should be possible for it to still be a "Thing" because of LN. Sadly no one is launching this kind of casino. The secondstrade was the best that I have played in the past where we could instantly get the amount upon winning.
With regulations, there is offchain. Off-chain is where the possibility that we can't withdraw our coins when a casino looks at your account.
Profit Shared Casinos
A few casinos have released their own token and those token holders get a portion of the casino's profits. I guess casinos that also offer bankroll investments fall in this category since it's the same thing but instead of having tokens, you risk your own money and it'll be used as a bankroll by the casino.
A few casinos have released their own token and those token holders get a portion of the casino's profits. I guess casinos that also offer bankroll investments fall in this category since it's the same thing but instead of having tokens, you risk your own money and it'll be used as a bankroll by the casino.
Dont know if this one fits on that category but this is what i do commonly see nowadays.
I'd say that's a good addition since not all crypto casinos stick to crypto payments and we even see other crypto casinos accept skins(in-game items). 
Hybrid casinos? 
Accepting Both fiat and crypto payments or options for gamblers on whatever they do prefer on using up.Both options are available.
Also hybrid means, integrating Sportsbook and casinos is also available on the said platforms.
Dont know if this one fits on that category but this is what i do commonly see nowadays.
Accepting Both fiat and crypto payments or options for gamblers on whatever they do prefer on using up.Both options are available.
Also hybrid means, integrating Sportsbook and casinos is also available on the said platforms.
Dont know if this one fits on that category but this is what i do commonly see nowadays.
Perhaps some also gave way to casinos that can now function on the lightning network instead of on chain. Some casinos also offered zero confirmation deposits which might've caused the death of some of these too (providing an rbf flag was added - I don't know if they're still a thing either).
True, this was the main problem for that kind of casinos, most of them allow users to place bets without confirmations, and that ended with a double spend attack making those sites loose tons of coins.
In the end those sites didn't have more option than make users wait 1 confirmation for their bets, but the problem comes when users pay low fees and their transactions get stuck waiting for multiple blocks. i see some users waiting up to 6 hours and more for one bet. That wasn't cool at all.
I remember a lot of them being labelled scams (especially provably fair ones that relied on server timestamps as part of their provably fair system) or because it relied too heavily on being instant, autonomous and accurate which is quite hard to achieve all at once.
Perhaps some also gave way to casinos that can now function on the lightning network instead of on chain. Some casinos also offered zero confirmation deposits which might've caused the death of some of these too (providing an rbf flag was added - I don't know if they're still a thing either).
Perhaps some also gave way to casinos that can now function on the lightning network instead of on chain. Some casinos also offered zero confirmation deposits which might've caused the death of some of these too (providing an rbf flag was added - I don't know if they're still a thing either).
Oh, I liked the on-chain casinos when it was still a thing. I remember playing in Direct Bet, if anybody remembers it As well. I have placed multiple beds there, and I also managed to win some. It was straightforward and at that time, it’s direct to your wallet with your winnings. I’m not sure why it’s closed, though. Was it because of licensing or something? If anybody remembers
KYC Casino:
Casino which have mandatory KYC on their TOS, even the gamblers can deposit, play and withdraw without need to complete KYC for many years, but the casino has a right to ask KYC on anytime.
No KYC Casino:
Casino without KYC rule on their TOS, this mean the casino wouldn't ever ask KYC even though you've break many rules on their TOS. Usually No KYC Casino will terminated or closed the fraudster account.
Casino which have mandatory KYC on their TOS, even the gamblers can deposit, play and withdraw without need to complete KYC for many years, but the casino has a right to ask KYC on anytime.
No KYC Casino:
Casino without KYC rule on their TOS, this mean the casino wouldn't ever ask KYC even though you've break many rules on their TOS. Usually No KYC Casino will terminated or closed the fraudster account.
If talking about KYC, and you are referring to online casinos, which means centralized casinos, we should not fool ourselves. You can go to the no KYC casinos and read their ToS to know what I am talking about. They will still indicate that they can require any of their users to to KYC at any time. Also no KYC casinos can just one day make KYC mandatory.
KYC Casino:
Casino which have mandatory KYC on their TOS, even the gamblers can deposit, play and withdraw without need to complete KYC for many years, but the casino has a right to ask KYC on anytime.
No KYC Casino:
Casino without KYC rule on their TOS, this mean the casino wouldn't ever ask KYC even though you've break many rules on their TOS. Usually No KYC Casino will terminated or closed the fraudster account.
Casino which have mandatory KYC on their TOS, even the gamblers can deposit, play and withdraw without need to complete KYC for many years, but the casino has a right to ask KYC on anytime.
No KYC Casino:
Casino without KYC rule on their TOS, this mean the casino wouldn't ever ask KYC even though you've break many rules on their TOS. Usually No KYC Casino will terminated or closed the fraudster account.
Onchain would been preferred most but it also has its own disadvantage, from your explanation your deposit address must be the withdrawal address and if it happened you don't want to send back your withdrawal to that same address, does it mean your withdrawal might declined?
Then on offchain, we know these are account which might likely required kyc to withdraw a bigger amount and most users who gambles are afraid of releasing their personal information to such sites more especially those who wants to make deposit of BTC in large volume does not want to undergo lot of kyc process for security.
Thought they all have their benefits and both are really essential in terms of comparism.
Then on offchain, we know these are account which might likely required kyc to withdraw a bigger amount and most users who gambles are afraid of releasing their personal information to such sites more especially those who wants to make deposit of BTC in large volume does not want to undergo lot of kyc process for security.
Thought they all have their benefits and both are really essential in terms of comparism.
When i started gambling in 2014 the crypto casinos was divided by On-Chain and Off-Chain, and the difference was big:
On-Chain:
This was a betting engine where users place bets by sending bitcoin or other coins to the betting address, this kind of casinos didn't need users or accounts to let people gamble:
*Your bet was placed with a transaction.
*The profit was received on the betting address.
*Users had to wait for 1 confirmation to avoid double spends.
Off-Chain:
This are the kind of casinos we see nowadays, where you make a deposit and you can withdraw, but you need an account.
The On-Chain games are not longer available, and for the Off-Chain now the rules has changed. So, it would be nice to have a new ways to catalog the new casinos. Some ideas i have are:
*High Rollers Casinos.
Those casinos who allow users to make withdrawals bigger than 10BTC.
*No License Casinos casinos.
Those casinos that has been operating for years but without a license.
*Traps casinos.
This are those casinos who offer big deposit bonus but in their TOS they only allow small amounts on the withdrawals each month.
which category would you add?
On-Chain:
This was a betting engine where users place bets by sending bitcoin or other coins to the betting address, this kind of casinos didn't need users or accounts to let people gamble:
*Your bet was placed with a transaction.
*The profit was received on the betting address.
*Users had to wait for 1 confirmation to avoid double spends.
Off-Chain:
This are the kind of casinos we see nowadays, where you make a deposit and you can withdraw, but you need an account.
The On-Chain games are not longer available, and for the Off-Chain now the rules has changed. So, it would be nice to have a new ways to catalog the new casinos. Some ideas i have are:
*High Rollers Casinos.
Those casinos who allow users to make withdrawals bigger than 10BTC.
*No License Casinos casinos.
Those casinos that has been operating for years but without a license.
*Traps casinos.
This are those casinos who offer big deposit bonus but in their TOS they only allow small amounts on the withdrawals each month.
which category would you add?
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