How Bitcoin is Spreading to Online Casinos - page 2.

CBG81

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Quote from: eternalgloom on May 04, 2016, 08:43:03 AM

Pretty interesting article for new users I guess, but nothing to be learned for people who are already familiar with bitcoin and crypto currency in general.

yes indeed it is meant for the newbies but wouldnt necessarily agree that there is nothing to be learned for more experienced. they do list all online casinos by deposit/withdrawal options for bitcoin . also type of offers these sites have etc.

BitcoinHodler

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Quote from: CBG81 on May 04, 2016, 08:25:49 AM

thats true. the privacy factor that bit coin offers is crucial here I think. Most bitcoin casinos do not require KYC , and payouts are usually instant which is what all gamblers want.

i agree the privacy these technologies (using bitcoin or altcoins) offer is very good for gamblers especially those who live in countries with laws against gambling.

but also lets not forget about the ability to make micro-transactions or huge transactions with very tiny fee. so everybody can gamble even if they have very small amount.

AsaroUk

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As you can see now you see that the value is going to rise and more people will also get to know about it because there are still a lot of people that dont know how Bitcoin works.
But as you can see now you see that Bitcoin is also getting more acceptable and that is perfect.

eternalgloom

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Pretty interesting article for new users I guess, but nothing to be learned for people who are already familiar with bitcoin and crypto currency in general.

CBG81

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thats true. the privacy factor that bit coin offers is crucial here I think. Most bitcoin casinos do not require KYC , and payouts are usually instant which is what all gamblers want.

NUFCrichard

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Bitcoin (and associated alts) are pretty much perfect for gambling.

They are a step removed from 'real' fiat money, meaning people will more readily bet them than cash (much like casino chips)
They are easy to send and pay out winnings in too, i.e. the bet can be placed in a wallet and immediately the winning paid to the sending address if it wins.
It is wordwide, just like gambling.

Bookmakers and casinos have been slow on the uptake really.

CBG81

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Quote from: NordicRanger on May 04, 2016, 03:23:56 AM

Yeah Bitcoin is getting a big name in the online casino world. The fact that some of these casino were beginning to accept Bitcoin as a available currency sparked things up. Now many other casinos want to make use of Bitcoin.

thats correct. Espeically in the USA market ( having in mind UIGEA ) and money processing is getting harder and harder so more and more of those US facing casinos are moving over to bitcoin ( we all understand why )

Southpaw0

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WOW! This was a good read for people who are new to gambling with bitcoin!! Id recommend letting a friend whose interested in btc but doesn't know about it yet to read this.

CBG81

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Quote from: Junko on May 03, 2016, 05:25:56 PM

Informative article for gamblers totally new to bitcoin and online gambling I guess.

The key though is if such casinos offer both bitcoin deposits AND bitcoin withdrawals, as well as no ID/address verification.

Unless I missed it, the article didn't list any online casinos that did more than just accept bitcoin deposits.

Yes there is a reference link within that article to the page where they list casinos that allow deposits/withdrawals via bitcoin -> http://www.latestcasinobonuses.com/banking/Bitcoin-casinos.html

NordicRanger

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Yeah Bitcoin is getting a big name in the online casino world. The fact that some of these casino were beginning to accept Bitcoin as a available currency sparked things up. Now many other casinos want to make use of Bitcoin.

Joel_Jantsen

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Quote from: bitbaby on May 03, 2016, 10:42:19 PM

^This. I am seeing a lot of threads lately where users are crying because they couldn't withdraw their winnings because either they didn't fill up their KYC forms and/or didn't read the T&Cs in detail and end up losing it all. Anytime you play at any casino, make sure you know the terms clearly beforehand. Also, provably fair should be a must.

Mostly the terms and condition applies to casinos from their registered countries .What if you're playing using a VPN and casinos are banned in your country ? You can't submit any KYC forms for all the casinos.

bitbaby

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Quote from: Junko on May 03, 2016, 05:25:56 PM

The key though is if such casinos offer both bitcoin deposits AND bitcoin withdrawals, as well as no ID/address verification.

^This. I am seeing a lot of threads lately where users are crying because they couldn't withdraw their winnings because either they didn't fill up their KYC forms and/or didn't read the T&Cs in detail and end up losing it all. Anytime you play at any casino, make sure you know the terms clearly beforehand. Also, provably fair should be a must.

Junko

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Informative article for gamblers totally new to bitcoin and online gambling I guess.

The key though is if such casinos offer both bitcoin deposits AND bitcoin withdrawals, as well as no ID/address verification.

Unless I missed it, the article didn't list any online casinos that did more than just accept bitcoin deposits.

CBG81

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Some interesting info especially if you are new to online gambling and how bitcoin can be used: A Bit of Coin: Bitcoin Spreading to Online Casinos

Topic: How Bitcoin is Spreading to Online Casinos - page 2. (Read 6495 times)