Topic: How Bitcoin is Spreading to Online Casinos (Read 6495 times)

Quote from: Junko on May 05, 2016, 09:48:36 AM

There are allot of online casinos where you can play for coins but don't trust them all!

well thats why you gotta do your homework before playing at any of these casinos. Check for the reviews and player comments first , that the best advice I can give u.

Always check reviews on Bitcointalk and other places you trust... big casinos can also scam!!!

Do you have any information about really big bitcoin casinos which went rogue and scammed people?
With either exit scam or were proven to cheat on customers throughout the time they were active?

equator

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Quote from: CBG81 on May 04, 2016, 07:10:03 AM

Quote from: CBG81 on May 04, 2016, 07:10:03 AM

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

Ahh, thanks for pointing that out. I had not scrolled down all the way when I first checked out that link. It would have been nice if they had added a column indicating whether or not, ID/address verification was required though.

The article is really very good with full information on bitcoin and gambling, and most of the bitcoin gambling sites dont require id/address verification as bitcoin is mainly used for unidentically uses. This the reason why bitcoin gambling sites are getting famous because their is no need to give any identification details and just open the account and start playing.

Junko

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Quote from: CBG81 on May 05, 2016, 04:59:11 AM

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

Ahh, thanks for pointing that out. I had not scrolled down all the way when I first checked out that link. It would have been nice if they had added a column indicating whether or not, ID/address verification was required though.

xuan87

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Quote

so you can never be sure about this, people are greedy and even if they have big casino with a lot of bets daily and big earning they are still greedy and by running away they can make a very big amount of money because they were popular.

that is why they say, invest what you can afford to lose.

yes there are definitely shady casinos outhere, but those big casinos are public companies and cant afford to scam anyone.
with that said some of them do have predatory T&Cs making it difficult for players.

But anyone who says that all casinos or online gambling sites are scams should Not be gambling at all, period.

It is an interesting quote you got there "anyone who says that all casinos or online gambling sites are scams should Not be gambling at all, period."

Yes it is true that there are a lot of scam casino outside and it is easier to scam using bitcoin because its hard to track, but if the casino already famous, its slim chance they will scam you

CBG81

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Quote

so you can never be sure about this, people are greedy and even if they have big casino with a lot of bets daily and big earning they are still greedy and by running away they can make a very big amount of money because they were popular.

that is why they say, invest what you can afford to lose.

yes there are definitely shady casinos outhere, but those big casinos are public companies and cant afford to scam anyone.
with that said some of them do have predatory T&Cs making it difficult for players.

But anyone who says that all casinos or online gambling sites are scams should Not be gambling at all, period.

CBG81

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Quote from: Trade_BTC on May 04, 2016, 04:06:58 PM

Hilarious this site only lists non provably fair corporate garbage casinos. Not one of these is on dicesites.com which basically means this list is garbage.

They review online casinos accepting bitcoin and not just solely bitcoin named casinos. plus as far as i can tell provably fair refers only to dice and not other games ( do correct me if im mistaken ) . in adition most of these casinos claim verified RNG, so to say something is garbage is foolish. Note they do list warnings and blcklists for shady Biz practice.

gtglener

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Thanks a lot for sharing that site with us, it has a very good knowledge about bitcoin a nd gambling with bitcoin, I have learned a lot about bitcoin but still there were some points which I learned from that site plus it has a lot of things for learning about bitcoin accepting casino for me.

BTCLovingDude

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Quote from: gyo9i on May 04, 2016, 12:37:07 PM

Quote from: Leonius on May 04, 2016, 01:15:17 PM

There are allot of online casinos where you can play for coins but don't trust them all!

well thats why you gotta do your homework before playing at any of these casinos. Check for the reviews and player comments first , that the best advice I can give u.

Always check reviews on Bitcointalk and other places you trust... big casinos can also scam!!!

They're not "Big" if they're scammers, when people talk about "Big" that also means reliable, i.e. won't runaway with your money.

scammers can be "Big" casinos too, but they are rare.
so you can never be sure about this, people are greedy and even if they have big casino with a lot of bets daily and big earning they are still greedy and by running away they can make a very big amount of money because they were popular.

that is why they say, invest what you can afford to lose.

Trade_BTC

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Hilarious this site only lists non provably fair corporate garbage casinos. Not one of these is on dicesites.com which basically means this list is garbage.

CBG81

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I think its more a case of online casinos are spreading to bitcoin isn't it? and why not, its like the perfect online gambling chip.

yeah i partially agree they are jumping on the bandwagon. but mind online gambling is massive so this would be a two way street

Leonius

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Quote from: CBG81 on May 03, 2016, 05:00:29 PM

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

I think its more a case of online casinos are spreading to bitcoin isn't it? and why not, its like the perfect online gambling chip.

amacar2

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Never ever trusted any online casino blindly as bitcoin casino can run away without revealing any identity of the owner because bitcoin is completely annonymous in operation. ALways choose trusted casinos who have legal governing body and also in operation for quite long time with good support.

gyo9i

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There are allot of online casinos where you can play for coins but don't trust them all!

well thats why you gotta do your homework before playing at any of these casinos. Check for the reviews and player comments first , that the best advice I can give u.

Always check reviews on Bitcointalk and other places you trust... big casinos can also scam!!!

Red-Apple

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There are allot of online casinos where you can play for coins but don't trust them all!

well thats why you gotta do your homework before playing at any of these casinos. Check for the reviews and player comments first , that the best advice I can give u.

that is right, you should always do some research before using any services, especially when it involves money and double important is when it involves bitcoin since it is anonymous also.

but you can never be 100% sure about these things because they can still run away like the big exchangers like Cryptsy that ran away with our money.

CBG81

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Quote from: CBG81 on May 03, 2016, 05:00:29 PM

There are allot of online casinos where you can play for coins but don't trust them all!

well thats why you gotta do your homework before playing at any of these casinos. Check for the reviews and player comments first , that the best advice I can give u.

Adrorecia

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Most of the time bitcoins are used for gamble. Don't know why people just want's to gamble with it
if they also can play with normal gold but maybe there's a nice profit for gambling with coins.
There are allot of online casinos where you can play for coins but don't trust them all!

CBG81

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well thats just the thing. if u want to stay competitive then you gotta keep up with the trend(s). And bitcoin is trending in online gambling. This is definitely a good thing for players.

MaritiJames3

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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

First there were just a couple of gambling sites that allowed Bitcoin to be used as an currency and that went really good. Other gambling sites saw this and now they also want Bitcoin as an currency.

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: bitbaby on May 03, 2016, 10:42:19 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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Get your game girl

^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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