Topic: Crypto casinos pros and cons - page 5. (Read 1029 times)

The very common advantage where most of the gamblers who learned about this venue has been attached l, most of those crypto gambling house offers this features though there are some exemptions due to the company rules. But if you are not doing any wrong there's no problem to take place.
Still there are different opinions in regards to types of entertainment and customers experienced that being take place when choosing the place to gamble.

Hmmm, If you were to go to online gambling then it'd probably be limited to how the owners see who "paid" money or not. After all, crypto casinos use unique addresses hence they can't really look up someones source of funds, but if it were fiats, it'd be quite easy if they wanted to. As for KYC features, I'm pretty sure most gambling casinos are required to have KYC policies, whether it be fiat or crypto. It's a measure taken against people whom are below the legal age. That's one of the requirements for them to be allowed to continue their casinos iirc. Other than that, not much difference, the only thing you'd see is that you pay cryptos in crypto casinos and fiat in fiat casinos.

If we prefer using virtual gambling to be a usual activities to do, I think and believe that physical gambling will be eliminated in the future. People will be more effective when online gambling will be more prominent due to convenient and easy ways of dealing with it without any hassle.

Privacy is by far the biggest pro in my books.

The vast majority of fiat casinos will require customers to complete identity verification before they're even allowed to play. These even goes for some in-person casinos, which scan your ID at the door.

I don't think I've seen any crypto casino (without fiat options) that requires KYC.

There's also the fact that deposits are near instant and the house edge is far lower than fiat places, since there are no payment processor fees to contend with.

the disadvantages for me is more of a personal perspective than a technical one. I mean I love the convenience online gambling gives where you can play whenever you want where ever you want. but being too isolated and having no one to talk to personally while gambling is a little lonely(at least for me) although the chatbox helps, having to talk to another person playing the same game as you make the gambling experience more fun and enjoyable.

Well it depends, some casinos are requiring you to compleye KYC procedures when you are playing with huge amount, just like how the exchanges are doing so they'll know part of your background.
I think the main disadvantage of casinos is that it is very addictive especially when you already tasted the sweetness of victory, the next time you'll lose you will be more of seeking vengeance without noticing that you are being greedy, out of track and worst a gambling addict. But these things are manageable when you are pretty much aware of what you are doing with your life, you just have to think of the situation that you are going into.

Which casino are you referring into? Im sure that most of crypto casinos nowadays doesnt ask out or require to do KYC unless if they found out some shady activity into your bets
then thats the time they would possibly ask out for some verification but if not then they dont really ask out any documents for you to play.Its total bullsh*t if they are having the same concept with fiat casinos out there.
Pros - Anonymous, fast and less fees payments/withdrawals and lots of variety of games or platforms to choose from.
Cons?- I dont find any in my case.

So far i dont see any cons with Crypto casinos aside from possible scam to happen since crypto can be easily traced when they do tend to run with their users money but to lessen up the risk then always opt or choose the best or reputable ones to get rid of this kind of possibility, it might not be an assured thing but at least they wont ran anytime soon.Positive outweighs the negative aspect thats why lots of people do tend or use
crypto casinos online due to this features which mainly talks about anonymity and fast access on making deposits unlike on fiat system where your identity would be known or shared up.

Online casinos outperform traditional casinos because there are no limits. We can access them at any time and try our luck in the most exciting games. We do not need to pay tickets, we can take advantage of offers, prizes and bonuses.
We can receive winnings from games instantly on our account.
Privacy plays an important role. We can choose the most convenient online casino from the comfort of our home.

There are many pros and cons about a crypto casino that were mention above of this post, Most of them were true and a fact about the advantage and disadvantage of playing on a crypto casino. But in my own opinion, I am hooked playing on a crypto casino than any type of a casino because of its hassle-free environment. Imagine playing gambling at your own place of choice and cashing out the winnings without any problems like forcing you to do KYC to be able to withdraw your winnings. There are also disadvantages like the volatility of the crypto market that can quickly change the value of your asset. But for me, it's a bit normal since I'm using crypto for a long time. But for a starter that uses crypto to play on a crypto casino, They would easily feel the volatility disadvantage.

No KYC requirement is really one of the best perks in crypto casino. You don't have to deal of sending your docs, where you have no idea where will it end up to after the casino is done with it. I believe a lot of gamblers are now looking at crypto casinos because of this advantage alone.

Privacy alone is anough for a gambler to stay in crypto casinos, nothing beats this feature in crypto as its freedom. The one thing that isn't someone that would like is the scams in here. Its just so good to see though that we kept warning each other which are scams.



Prices not being stable is the disadvantage for crypto not for the casinos in crypto but this is also an advantage especially if the market is bullish.

One thing that will at least make me uncomfortable is about privacy, because KYC on the fiat money casino site is something that is required so that we can withdraw our money. Aside from KYC, I think the fiat money casino has the advantage of lower costs too, but it depends on each other's perceptions, because even so, I will still choose to use crypto online gambling or crypto casino because I prefer privacy and not look for lower costs.

Probably the weakest point that I have found when it comes to cryptocurrency casinos is their support, a casino can get really popular in a short amount of time and when that happens most of the time they do not have enough personal to deal with all of those new clients, and that is a problem because something that could have been solved in a matter of hours can take days or even weeks and that is definitely an issue for recurrent clients.

To operate a crypto casino there is not much regulation, even if there are strict regulations these service providers no need to follow them all and they are also hiding their revenue and cutting their payable tax amount to governments which is not really a disadvantage but this anonymity used by the crypt gambling sites to earn extra money for themselves.

In my opinion the disadvantages of crypto casinos compared to fiat money casinos is that crypto has a volatile price, so it is detrimental when
the price drops. Next, it's hard to spend the profits, because not all countries legalize crypto as payment. The last one is disadvantages, crypto
casinos cannot feel the atmosphere crowded, in contrast to fiat money casinos can gambling by feeling the atmosphere crowded and  able to
meet directly with our opponents. That can trigger our adrenaline to achieve profit.

Playing casino with crypto may have been popular this far. There are several online casinos or betting that receive crypto for deposits. Of course, there will be some pros and cons due to the use of crypto. For, crypto is commonly high of volatility, especially BTC, it is famous for its high volatility and fluctuating. However, there are still many online casinos that accept them. Why?
Pros:
1. More private
Yeah, crypto is commonly anonymous; therefore, it is more private to make certain deposits on the casinos to be able to play or bet.

2. More transparent and fair enough
It may guarantee the fair and transparency play where every player or gambler can check the outcome that probably happens of the game easily and fairly without any doubt and worries.

3. Offering better odds
It relates to the mechanism of how the casino will share the ratio and counting.

4. There is No legal restriction
We know that some countries still restrict online casinos. therefore, if it is still illegal, the players will face difficulties to make deposits when going to play on the online casinos.


Cons:
Everything may have pros and cons, so does this thing. Online casinos with crypto may also have disadvantages that we must consider for the worth. The main reason is that it is volatile enough so that we do not know whether the coins will be up or down. Or sometimes we won on the uptrend and then we will deposit, but it is on the downtrend. The volatility is the most risk to gain when playing with crypto on online casinos.

I just get this from the source completely on:
https://medium.com/@tkeycoin/gambling-with-crypto-pros-cons-to-consider-before-making-a-bet-823f039c255d

Pros:

+ Instant withdrawals (most of the time)
+ No ID/KYC requirement (again most of the time)
+ Automated betting
+ Covid free environment
+ If you get scammed, forum lawyers will defend you

Cons:

- No free meal and drinks
- No naked girls around
- Limited social activities (trollbox doesn't cut)
- If casino scams you, can't do much against it other than creating a thread in this forum

   In my opinion there are no cons for crypto-oriented casinos. Everything is visible, you can ask support for minimum
deposit and withdraw, many sites offer instant transfers. Computer suits me more, so I don't have a need for roulette
table, or some other machine with live dealer, I enjoy sitting alone and playing games I like without moving around.
   After I learned about crypto-gambling, I don't believe I am going back to ground-based casinos ever again.

The number one pro here is the anonymity of you as a gambler. I like that kind of privacy since there will be no people that are sometimes annoying that are just watching you. But the con here is that there are some gambling sites that have KYC and I don't like that really. I don't want to use send my information since we all want to maximize our privacy or anonymity here.