Topic: Gambling In Crypto - page 5. (Read 721 times)
Gambling on crypto provides more security and privacy although some information is stored on the currency with the help of blockchain technology, transfer routes cannot be tracked. So if you gamble your money at a crypto casino no one will find your money activity not even the crypto casino does not charge you a deposit as well as withdrawals. So you don't have to worry about payment processing charges as well as any charges for the middleman this is why payment processes are instantaneous deposits and withdrawals are lightning fast and can transact unlimited time.
Some sites will lock you out and prevent you from wagering while still holding an active account.
And that's because you've violated their rules. If you have done nothing then for sure that you're still going to be able to do just like any other normal active players that they have. As they only stop and ban players that go against their terms so, if you've experienced that, it's likely that you did a wrong thing. But if you think that you didn't do anything bad, you can contest that to the admins of that casino and show proof that you're just doing fine and they should haven't done that. 
Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat.
What do you mean effective does this mean you are winning, there's really no difference when it comes to your chances to win, the difference is you have a lot of coins to choose that you can deposit, your identity is not exposed unless the casino asks for KYC which is in their TOS, there's a lot of reputable casinos in the Crypto world and picking the right one with the help of the community is much easier.
When playing gambling with crypto or fiat, there really is no difference regarding the chances of winning. Playing gambling does depend on our luck
to be able to win, so gambling with crypto or fiat is actually the same. But there are indeed advantages that I like when gambling with crypto,
including being able to play anonymously. And also crypto has volatile prices, so the winnings we get can be used as assets for investment.
So I'm more comfortable gambling with crypto until now, especially when it comes to making deposits or withdrawals, there are many choices of
coins that we can choose. Maybe my advice is to be careful when choosing a place to gamble, choose one that has a good reputation, so when
we win big we can make withdrawals smoothly.
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Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat.
What do you mean effective does this mean you are winning, there's really no difference when it comes to your chances to win, the difference is you have a lot of coins to choose that you can deposit, your identity is not exposed unless the casino asks for KYC which is in their TOS, there's a lot of reputable casinos in the Crypto world and picking the right one with the help of the community is much easier.
Privacy is the most advantage of cryptocurrency over fiat. This is the typical of gamblers especially for user living in strict country against online gambling like US. It will be risky and hassle to play using fiat there since you will need to declare all your transactions during there monthly tax report. So cryptocurrency is there best way to avoid that hassle and also the KYC part which you already emphasized above.
I think that gambling with crypto is much better than with FIAT,you are not required to post any identity unless you hit a really big win and only then you may undergo verification of KYC (Know Your Customer).I think if you are not a whale,a normal gambler by gambling with crypto it is much better and safer as no one will know who you are not even the casino you are playing at.That is the major difference other than that they are pretty much identical,you risk your money in order to win more money.
Yeah, the KYC thingy is one advantage of gambling in crypto. But I would say that there are still gamblers you prefer to go out even in pandemic to play in land base casinos because of the atmosphere sitting in the table holding cards like in black jack, or hearing the sound of the spinning wheel in a roulette. This sort of small things make gambling more exciting in my opinion. Of course, both involved money and everything, but the feeling and the ambiance is very different.
Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat.
What do you mean effective does this mean you are winning, there's really no difference when it comes to your chances to win, the difference is you have a lot of coins to choose that you can deposit, your identity is not exposed unless the casino asks for KYC which is in their TOS, there's a lot of reputable casinos in the Crypto world and picking the right one with the help of the community is much easier.
Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!
Thanks!
Pros and cons about using crypto currency has been discussed here many times and again, if you can't handle the risk of it better not to gamble at all. Thanks!
With regards to gambling, either you use fiat money or cryptocurrency, you are still doing the same thing which is gambling if you don't have self-control then you will still fall and lose that money. Use fiat and crypto, whatever if more convenient for you.
But if he is playing on a crypto gambling site, he can avoid the KYC verification process because he only needs to send the coin to his account and start playing.
Maybe it will be difficult for a gambler who always uses fiat for gambling to move into crypto as they think it will not be easy to change their gambling habit.
It will need more research before they decide to use fiat or start moves to use crypto.
In fact, in today's time it is quite easy to start gambling on cryptocurrency casinos. Exchangers allow you to buy the necessary cryptocurrency directly from your credit card and there are quite a few videos on YouTube explaining how cryptocurrency transactions and cryptocurrency casinos work. In my opinion, just watch a few videos to get the hang of it. This time will pay off on the second visit to an online casino.
I think that gambling with crypto is much better than with FIAT,you are not required to post any identity unless you hit a really big win and only then you may undergo verification of KYC (Know Your Customer).I think if you are not a whale,a normal gambler by gambling with crypto it is much better and safer as no one will know who you are not even the casino you are playing at.That is the major difference other than that they are pretty much identical,you risk your money in order to win more money.
Well though there are many casino in crypto are also requiring KYC yet we can still find some that has not conducting KYC in which we can still find those free from passing our details.but yeah the issue only occurs when we won big amount so expect issues in the longer time of playing so yes we don't need to be confidence for everything in gambling here in crypto or even in fiat .
Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!
Thanks!
Pros and cons about using crypto currency has been discussed here many times and again, if you can't handle the risk of it better not to gamble at all. Thanks!
With regards to gambling, either you use fiat money or cryptocurrency, you are still doing the same thing which is gambling if you don't have self-control then you will still fall and lose that money. Use fiat and crypto, whatever if more convenient for you.
But if he is playing on a crypto gambling site, he can avoid the KYC verification process because he only needs to send the coin to his account and start playing.
Maybe it will be difficult for a gambler who always uses fiat for gambling to move into crypto as they think it will not be easy to change their gambling habit.
It will need more research before they decide to use fiat or start moves to use crypto.
I think that gambling with crypto is much better than with FIAT,you are not required to post any identity unless you hit a really big win and only then you may undergo verification of KYC (Know Your Customer).I think if you are not a whale,a normal gambler by gambling with crypto it is much better and safer as no one will know who you are not even the casino you are playing at.That is the major difference other than that they are pretty much identical,you risk your money in order to win more money.
Pros and cons about using crypto currency has been discussed here many times and again, if you can't handle the risk of it better not to gamble at all.
With regards to gambling, either you use fiat money or cryptocurrency, you are still doing the same thing which is gambling if you don't have self-control then you will still fall and lose that money. Use fiat and crypto, whatever if more convenient for you.
With regards to gambling, either you use fiat money or cryptocurrency, you are still doing the same thing which is gambling if you don't have self-control then you will still fall and lose that money. Use fiat and crypto, whatever if more convenient for you.
Yes exactly, with that being said either fiat of crypto which one will you choose to use in gambling you're still doing the same thing and that is to take risk your capital for a hope of earning profit out of it or simply just giving yourself an entertainment. Self-control is definitely needed in this kind of game, without having it you will fall into trap of lose and failure. On top of this, crypto is much easier to use with rather than fiat but still have a self limitation when gambling.
Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!
Thanks!
Pros and cons about using crypto currency has been discussed here many times and again, if you can't handle the risk of it better not to gamble at all. Thanks!
With regards to gambling, either you use fiat money or cryptocurrency, you are still doing the same thing which is gambling if you don't have self-control then you will still fall and lose that money. Use fiat and crypto, whatever if more convenient for you.
Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!
Thanks!
Thanks!
Although it's an old topic it's still good to discuss gambling from fiat to Cryptocurrency, fiat is regulated because you have your vital information exposed when you deposit using your credit card, compared to Cryptocurrency where you will remain anonymous that is why we have a lot of fo gamblers shifting from fiat to Cryptocurrency they can always verify their deposits and Crypto based casinos are embraced by the industry and they have a community like what we have here in Bitcointalk.
Crypto casinos do still have KYC but do not really force users unless the casino suspects the user to have cheated or is about to withdraw a large amount of money from the platform. True to thier TOS words, they really are asking KYC. There are reports in this forum that when they attempt to withdraw their winnings, they are practically asked to fill in their data before the withdrawal is executed.
Compared to using fiat, you are already asked before you could even play. But users who do gamble on their platform are often not privacy-concerned individuals so it's all up to them.
Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!
Thanks!
Thanks!
Although it's an old topic it's still good to discuss gambling from fiat to Cryptocurrency, fiat is regulated because you have your vital information exposed when you deposit using your credit card, compared to Cryptocurrency where you will remain anonymous that is why we have a lot of fo gamblers shifting from fiat to Cryptocurrency they can always verify their deposits and Crypto based casinos are embraced by the industry and they have a community like what we have here in Bitcointalk.
Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!
Thanks!
Thanks!
The pro is that you are able to deposit/withdraw in a blink of an eye, and that there is virtually no KYC for most places you play on.
The major drawback right now is honestly the lack of regulation for these casinos. A lot of them have their own rules in regards to deposits, withdrawals and playing on their site and essentially the community relies on their reputation.
That's something that the fiat casino ecosystem is able to deliver much better - just a peace of mind regarding your funds.
Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!
Thanks!
Thanks!
It is more rewarding than playing with fiat, it's good that you made a shift the community has a lot of good casinos you only need to pick the right casinos that suit you, it's very convenient and rewarding playing in fiat if you're a Crypto investor because you know the value of the coins you're using and you have a variety of coins to choose from not to mention anonymity, but also get ready to undergo KYC, even if we are playing using Cryptocurrency some casinos still ask for KYC, it's in their terms.
In my experience, one of the biggest pluses for cryptocurrency gambling is the speed of withdrawals. Of course, this may vary depending on the site and the situation. However, I associate fiat gambling websites with a long wait for a withdrawal (even several days), and when it comes to cryptocurrency casinos, withdrawal is often even instant.
Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!
No need to speak with similar experiences since the topic is a bit redundant.
Just continue to gamble with crypto and soon you will determine the pros and cons of gambling with it. Just don't get carried away when winning unless you know and understand the risks.
That's my quick and simple advice to you.
Gambling with crypto;
1. No KYC
Gambling with fiat
1. KYC
1. No KYC
Gambling with fiat
1. KYC
Not anymore, in the last few years especially since the last year we have seen that most crypto casinos started to have KYC in their terms.
Some casinos make it mandatory and some other make it conditionally.
It means that KYC is now something usual in crypto gambling industry, of course there are still some crypto casinos without KYC.
Unfortunately, the greatest advantage of playing with cryptocurrencies is slowly becoming unavailable. Fortunately, there are still casinos that do not require KYC verification and are completely anonymous, but they are mostly unlicensed, so playing on that platforms also runs the risk of disappearing with our money.
I see so many users keep mentioning crypto casino is anonymous and don't need KYC, while the fact almost crypto casino is centralized and will ask KYC if there's a problem (some casino even ask KYC while sign up).
It's true, that some may ask when you're about to withdraw but usually, they only do that if they find suspicious on your account's activity. But those reputable crypto casinos, won't be asking it the first time until you withdraw massively or they've found you abusing their system.Fiat casinos are going to ask for this since they're registered somewhere and maybe locally, you have to provide them details. And with crypto casinos, it's a special case if ever they ask for it.
What I have observed here is that most top or reputable casinos don't require KYC if you are pure crypto user.
But if you will use your credit card or use fiat, then, certainly, the casino will require KYC.
Also, if you are just a small time gambler and doesn't violate any terms of the casino, they won't give you a problem.
I have been playing in some known sportsbooks here and haven't encountered any problem so far.
One advantage also with crypto casino is you can bet small and just basically mind your own business.
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