We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
The main advantage of crypto based gambling is that many countries have banned the deposit of money to online gambling sites and this will open up the market from those restriction but the sites in this space have more limit than the fiat based sites which makes it less attractive, we need more competition in this market.
Topic: Did the use of online gambling increase with crypto moneys? - page 9. (Read 22787 times)
There's a more easier way in betting with crytocurrencies then fiat simply because each coin has it's own value (Price) rather then your country's FIAT.
You can aswell stay anonymous and more protected against any kind of hack attempt with your FIAT services.
By anonymous you can also escape taxes in some countries where there is no law about cryptocurrency profits taxation for the time being.
So ye these are the main reasons why online gambling increased by alot till current days due to cryptocurrencies
PS: There are also those small sources of incoming such as Faucets, where FIAT doesn't have free money off course
You can aswell stay anonymous and more protected against any kind of hack attempt with your FIAT services.
By anonymous you can also escape taxes in some countries where there is no law about cryptocurrency profits taxation for the time being.
So ye these are the main reasons why online gambling increased by alot till current days due to cryptocurrencies
PS: There are also those small sources of incoming such as Faucets, where FIAT doesn't have free money off course
The more people they attract that's how they get the easiest money to come to them. Making your own business is not that easy if you don't have enough customers, right? Well that's how the business industries making an easy money for them, to attract what's people badly needed. And gambling is the most commonly and widely known business that attracts a lot of people and now that crypto join-in in the business field, it gains much more attraction too.
There are different gambling sites that employ the use of crypto currency. So it has some positive influence
I gamble with cryptocurrencies and so I have multiplied them a couple of times but I always end up selling them for bitcoin and spend them all together or find subsequent bets. I normally increase them in bits (i.e. From 0.1 to 0.4 ether) most of the time in ether run and litecoins.
This is your own statistics which means that there are gamblers who really prefer to use different methods of deposit and withdrawals. And majority ends up to withdraw or sell those other crypto's that we've used for depositing for bitcoin. 
We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
Yes I think it greatly increased the gambling activities among the normal people because the crypto gambling is much convenient and we no need to give any details to play there. 
I tried it before but not on casino or any type of games in a casino. I tried it with sports betting. In sports betting you can see which team or player have the highest chances of winning. Yes the profits maybe small in betting on those with higher odds of wining but at least you know your chances to earn profits are good.
I gamble with cryptocurrencies and so I have multiplied them a couple of times but I always end up selling them for bitcoin and spend them all together or find subsequent bets. I normally increase them in bits (i.e. From 0.1 to 0.4 ether) most of the time in ether run and litecoins.
I don't see a point of increasing you bet value, you are simply increasing the risk for yourself and if you didn't know the higher you increase your bet than your initial bet the more you will lose because the house edge starts realizing your actions and you will statt losing your bankroll 
I gamble with cryptocurrencies and so I have multiplied them a couple of times but I always end up selling them for bitcoin and spend them all together or find subsequent bets. I normally increase them in bits (i.e. From 0.1 to 0.4 ether) most of the time in ether run and litecoins.
It has a fast transfer and bigger amount (not pertaining to value). I also tried gambling to multiply and increase my amount of crypto currency but it’s not as reliable as trading because the risk is too high. For me I would choose to trade but does saying about trading is it’s all about the long game. We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
Here in India, all forms of gambling are illegal and therefore it is quite risky to participate in it through online sites. If you make a payment using your credit card, then the government can trace the transaction back to you. Making payment with BTC or ETH offers more protection.
Of course he will move on to using a different gambling site. Why? Because why would you reveal yourself to a gambling site when there's dozens that don't require KYC. The whole point of gambling with cryptocurrency is so that you can get in and get out of the gambling site and be able to stay all anonymous. People shouldn't have gone to trouble learning how to use bitcoin if they are still going to KYC them. People could have just played directly with their debit cards if they were to KYC with bitcoin anyway.
Online gambling have existed way before cryptos were first introduced to the world in 2009 and way before then , many very known gambling bookies have existed and made themselves a worldwide reputation and attracted users from all over the world . The only thing that crypto gambling websites added or shall i say removed is the ID checking of each individual since all crypto gambling websites don't require any identification and all they need is wallet addy , so many people who were skeptical and didn't want to give up their identity to gambling websites went in mass to these new crypto bookies that offered them full anonymity .
I do live in a third world country where most online support teams are located and I must say that gambling sites being paid with actual money and not crypto is still booming because otherwise I wouldn't personally know a lot of people who work for them.
We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
The main advantage of crypto based gambling is that many countries have banned the deposit of money to online gambling sites and this will open up the market from those restriction but the sites in this space have more limit than the fiat based sites which makes it less attractive, we need more competition in this market.It never ever had any bad concerns to harm people in any way. There are already being used in dark web, so don’t just make them bad anymore.
I gamble with cryptocurrencies and so I have multiplied them a couple of times but I always end up selling them for bitcoin and spend them all together or find subsequent bets. I normally increase them in bits (i.e. From 0.1 to 0.4 ether) most of the time in ether run and litecoins.
Gambling is one of the major industry that has supported in the growth of bitcoin during its early days of existence. Later on more and more gambling websites came into existence with which I believe the usage of online gambling has increased drastically compared to the days before the evolutionary bitcoin into gambling.
Of course a remarkable increase of online gambling has been observed with the increase in use of cryptocurrencies.
The reason why i am saying that is launching of many successful online gambling sites and platforms which are using cryptocurrencies.
Cyrptocurrencies has made online gambling industry more attractive and convenient while insuring anonymity.
The reason why i am saying that is launching of many successful online gambling sites and platforms which are using cryptocurrencies.
Cyrptocurrencies has made online gambling industry more attractive and convenient while insuring anonymity.
1) I am not aware of stats but more payment options are an advantage to players. Some players might not having access to a particular payment type and can thus use crypto.
2) Launch is not a good parameter to judge. Profitability of those sites is.
3) Anonymous payments is the biggest advantage for gambling sites.
We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
Of course a remarkable increase of online gambling has been observed with the increase in use of cryptocurrencies.
The reason why i am saying that is launching of many successful online gambling sites and platforms which are using cryptocurrencies.
Cyrptocurrencies has made online gambling industry more attractive and convenient while insuring anonymity.
Online gambling have existed way before cryptos were first introduced to the world in 2009 and way before then , many very known gambling bookies have existed and made themselves a worldwide reputation and attracted users from all over the world . The only thing that crypto gambling websites added or shall i say removed is the ID checking of each individual since all crypto gambling websites don't require any identification and all they need is wallet addy , so many people who were skeptical and didn't want to give up their identity to gambling websites went in mass to these new crypto bookies that offered them full anonymity .
While you try to gamble with btc, you're doing more risky as much as twice !
Why ?
Let's take a look when you gamble with btc, you're risking your money.
And when btc value suddenly collapse, bitcoin become useless !
Yeah online gambling has increased with cryptocurrency. Now many gamblers use crypto in online gambling. It is right that gamblers are using not only money but also their business. I am not in favor of using crypto for online gambling, but the problem is this that there is no other currency which is usable in online gambling. Better not to gamble online.Why ?
Let's take a look when you gamble with btc, you're risking your money.
And when btc value suddenly collapse, bitcoin become useless !
We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
Here in India, all forms of gambling are illegal and therefore it is quite risky to participate in it through online sites. If you make a payment using your credit card, then the government can trace the transaction back to you. Making payment with BTC or ETH offers more protection.
We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
Here in India, all forms of gambling are illegal and therefore it is quite risky to participate in it through online sites. If you make a payment using your credit card, then the government can trace the transaction back to you. Making payment with BTC or ETH offers more protection.
Yes I strongly feel so just like the rest of us. Now I see so many kids being involved in gambling. If you head over to the Loan section, you will see so many people take loan just to gamble and then they pay it back after recovering their money. In one of the telegram groups I saw people begging for money to gamble. So it obviously has left a bad impact on those little kids but nevertheless adoption has increased and the number of users gambling online has surged.
That's why I try to stay away from the loans section and gambling in general, because this stuff is crazy. Once you get addicted to this stuff, there's no going back 
I managed to reach the withdraw minimum few times from the faucet in the past, but it's not really worth the time and I'm sure that once I deposit a decent amount of BTC - I'll lose it all Did the use of gambling increase with crypto? Probably, if you check few graphs from various sources around the internet, you can see that the numbers constantly increase, the numbers of new and new crypto gambling sites are increasing too.
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