How safe is Bitcoin gambling | Bitcointalksearch.org

onrise

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Quote from: LogitechMouse on June 08, 2019, 02:37:24 AM

In terms of safety, I think Bitcoin as the medium to use in gambling is safe because we don't need to put our personal information to the site. There are some sites that offers Bitcoin as the currency to use in gambling.

Can we make a living on gambling?? Hmmmmmm I don't think so unless you have a very large capital to use then you can but to gamble for life is not advisable or not a good decision to do.

My major concern is that in gambling losing is easy and if you lose btc while playing then it means you are losing a fortune bcoz that btc may be worth say 100$ today but in future it could be worth multiple times and you end up getting none as you have lost in gambling.

MidKnight

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It is very not appropriate to use the term 'safe' in gambling or even in online gambling using bitcoins. It should how much risk will you encounter in bitcoin gambling? We know it is online and I can think of many instances of cheating like that the operators can modify the results. But so far, successful crypto gambling sites are proving that they are fair but casual gamblers need to be careful because they always like to try new gambling sites that leads them to a scam.

Distinctin

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Quote from: mich on June 10, 2019, 08:59:15 PM

Well I would say it is safe enough that there are tons of casinos that accept bitcoin and other crypto and plenty of gamblers.
The community here is fairly honest and with a little of your own research you should be able to find a Bitcoin casino that fits your needs

Though it's not yet regulated fully, but it's safe as we have a good community that cares for gamblers, they expose scams, and therefore reading the feedback first is the most important, that just relying on the information you only get in a certain exchange coming from them or from a bias review.

Quote from: mich on June 10, 2019, 08:59:15 PM

Something that makes it unsafe is that you cant do anything about a hacked account or a lost password.

That's fairly an owner's fault.

boyptc

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Quote from: btcmegastar on June 08, 2019, 02:53:29 AM

Yes, now people are matured in choosing because they will choose the right exchange for gambling.

It's not the right exchange but it is the right casino to gamble with.

Quote from: btcmegastar on June 08, 2019, 02:53:29 AM

People are already supporting and suggesting some of the websites because they are very happy with that website and it will surely help the newcomers.

If the casino sure is perfect for them, they'll definitely suggest it for the newbies out there that wants to try it. As long as the experience has been exceptionally good, it will be referred to others not just on how safe bitcoin gambling is and also where you are gambling.

mich

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Well I would say it is safe enough that there are tons of casinos that accept bitcoin and other crypto and plenty of gamblers.
The community here is fairly honest and with a little of your own research you should be able to find a Bitcoin casino that fits your needs
Something that makes it unsafe is that you cant do anything about a hacked account or a lost password.

TheCoinGrabber

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Quote from: jademaxsuy on June 07, 2019, 10:16:05 PM

Quote from: TheCoinGrabber on June 07, 2019, 09:57:42 PM

It's only as safe as the casino you're playing in. No point spending much if the casino is just gonna run away with your money, right? That's mostly the biggest concern, aside from the possibility of them selling your data they got from KYC.

Now if you're talking about earnings, it's just about as profitable as traditional casinos - NOT.

Grin

Of course CASINO does not let all individuals play to profit. How will a casino earn? Yet, if there few individuals losing their money then there could be some individuals also that could earn. In gambling there is always a balance of the number of winners and losers. It will just depend on how lucky you are when you play CASINO and gamble.

It's all chance. They don't really have control over games like poker but for slots, they can set the odds individually for each machine. Just the right amount for chance for someone to win and the ringing and pouring coins to motive onlookers to keep playing. Whether it's physical or digital, the house is unbeaten.

acroman08

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Quote from: raj13 on February 07, 2018, 11:37:08 PM

Hello friends

How safe is bit coin gambling is it worth?
If yes and than how to play and where to play?
can now make a living on this gambling?
waiting for your opinions guys.

hope all good. Wink

yes, it is safe and most people in this forum will agree that it is safe as long as you are cautious and of course it is worth it.

there are a lot of lists of gambling sites with high reputation that offers great games, events, giveaways, tournaments etc..(every gambling site differs) including the gambling site I advertise Stake.com

It depends on the situation, you can only call it "make a living" if you are earning from it.

leea-1334

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Quote from: LogitechMouse on June 08, 2019, 02:37:24 AM

In terms of safety, I think Bitcoin as the medium to use in gambling is safe because we don't need to put our personal information to the site. There are some sites that offers Bitcoin as the currency to use in gambling.

Can we make a living on gambling?? Hmmmmmm I don't think so unless you have a very large capital to use then you can but to gamble for life is not advisable or not a good decision to do.

You make a living on gambling if you are the house,,, but even then with the risk of variance you need a long period of time plus a lot of wagers plus a big bankroll to survive variance and see profit at the end of the day.

Not every casino is lucky, not every casino works hard to maintain their luck!

FanEagle

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Depending on where you play it is the most secure and safe way to gamble. Normal online gambling or even the casinos in real life are usually scams, you can find one or two good ones but in all reality most of them are scams, even if not legally scams they are just charging way too much for the house edge and they "steal" your money in that way.

However, in crypto gambling the house edges are much much better than the other ones as low as 0.5% in some places (most commonly 1%) and you can literally test if they are scamming you or not with provably fair. Hence bitcoin gambling is by far the safest gambling option anyone could possibly have if they do play at the right place.

btc78

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Quote from: raj13 on February 07, 2018, 11:37:08 PM

Hello friends

How safe is bit coin gambling is it worth?

As long as the site you are playing is legit and don’t require KYC then I can say that’s safer to play and worth a fun and may win as well

Quote

If yes and than how to play and where to play?

You can check my Signature on where to play and you can see the games you wanna play with confidence

Quote

can now make a living on this gambling?

Never be a FOOL to think that Gambling can be make a Living area because in this mostly are losers and only few got to win.so make this field as a enjoyment place and the winning is only a bonus so you can’t feel the failure every time you play

sr32703

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Quote from: raj13 on February 07, 2018, 11:37:08 PM

How safe is bit coin gambling is it worth?

Obviously bitcoin gambling is worth maximum top level gambling website accepting bitcoin.

Quote

If yes and than how to play and where to play?

If you don't know how to play then I will suggest you to see tutrial on youth read blog post & try free gambling website. You can try on Stake because they will give some satoshi when you will register on their website

Quote

can now make a living on this gambling?

Well when its about living Normal life then I will tell you that gambling isn't for you. You can make some profit only if you have enough experience otherwise 90% chances to loss all of your asset. I hope you understand what I'm trying to tell you

imstillthebest

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Quote from: btcmegastar on June 08, 2019, 02:53:29 AM

Quote from: kodtycoon on June 06, 2019, 09:26:17 PM

there should be no more concern for now because bitcoin and crypto gambling has grown well and there are already many reputable gambling sites here, with the existence of gambling so far i think that is enough to prove if bitcoin gambling is safe

Yes, now people are matured in choosing because they will choose the right exchange for gambling. People are already supporting and suggesting some of the websites because they are very happy with that website and it will surely help the newcomers.

You can say that there are now more legit gambling sites but you cant say that they are totally safe because the potential of being hack is still there plus we are talking about gambling here and gambling has never been safe because the potential of loosing is always there and its higher than your expectations of winning .

btcmegastar

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Quote from: kodtycoon on June 06, 2019, 09:26:17 PM

there should be no more concern for now because bitcoin and crypto gambling has grown well and there are already many reputable gambling sites here, with the existence of gambling so far i think that is enough to prove if bitcoin gambling is safe

Yes, now people are matured in choosing because they will choose the right exchange for gambling. People are already supporting and suggesting some of the websites because they are very happy with that website and it will surely help the newcomers.

LogitechMouse

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In terms of safety, I think Bitcoin as the medium to use in gambling is safe because we don't need to put our personal information to the site. There are some sites that offers Bitcoin as the currency to use in gambling.

Can we make a living on gambling?? Hmmmmmm I don't think so unless you have a very large capital to use then you can but to gamble for life is not advisable or not a good decision to do.

joshy23

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Quote from: BUK2016 on June 07, 2019, 05:16:22 PM

Quote from: raj13 on February 07, 2018, 11:37:08 PM

Hello friends

How safe is bit coin gambling is it worth?
If yes and than how to play and where to play?
can now make a living on this gambling?
waiting for your opinions guys.

hope all good. Wink

Gambling is all about luck and there is no two way about it, although some school of thought are of the believe that Bitcoin gambling can be learn. If you are lucky it really worth giving a try because I have seen so many people who have huge amount of Bitcoin from bitcoin gambling.

People who manage to win over gambling is really comes out with luck, there's no assurance but if you dare to try make sure to play using spare money, bitcoin gambling is same with any gambling, luck alone will permit you to win without it expect to lose your bankroll.

jademaxsuy

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Quote from: TheCoinGrabber on June 07, 2019, 09:57:42 PM

It's only as safe as the casino you're playing in. No point spending much if the casino is just gonna run away with your money, right? That's mostly the biggest concern, aside from the possibility of them selling your data they got from KYC.

Now if you're talking about earnings, it's just about as profitable as traditional casinos - NOT.

Grin

Of course CASINO does not let all individuals play to profit. How will a casino earn? Yet, if there few individuals losing their money then there could be some individuals also that could earn. In gambling there is always a balance of the number of winners and losers. It will just depend on how lucky you are when you play CASINO and gamble.

TheCoinGrabber

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It's only as safe as the casino you're playing in. No point spending much if the casino is just gonna run away with your money, right? That's mostly the biggest concern, aside from the possibility of them selling your data they got from KYC.

Now if you're talking about earnings, it's just about as profitable as traditional casinos - NOT.

Grin

BUK2016

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Quote from: raj13 on February 07, 2018, 11:37:08 PM

Hello friends

How safe is bit coin gambling is it worth?
If yes and than how to play and where to play?
can now make a living on this gambling?
waiting for your opinions guys.

hope all good. Wink

Gambling is all about luck and there is no two way about it, although some school of thought are of the believe that Bitcoin gambling can be learn. If you are lucky it really worth giving a try because I have seen so many people who have huge amount of Bitcoin from bitcoin gambling.

Lan75

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Quote from: emmybd on June 07, 2019, 10:59:52 AM

Safety is not an issue as far as bitcoin gambling is concerned. You can't make a living on gambling, simply a lucky thing. It's not a reliable source of income.

We may have a different argument here but there are just people who make gambling as a source of income, not reliable but they have their own strategy that at the end of the day, they have a profit. Silly but if you think of it, might be possible as long as you have a plan. For some this is just so risky and it can't feed a family but hey it's a gamblers life after all.

syamster

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Quote from: MFahad on June 07, 2019, 10:29:46 AM

Quote from: FlightyPouch on June 06, 2019, 05:03:05 PM

Quote from: sweetbet on May 20, 2019, 04:42:42 PM

Q3. can now make a living on this gambling?

A3. Gambling should only be for fun and entertainment. It's not a way to make a living.

And people should take this seriously, I mean so seriously. It is not a source of income, it is a way for people to have fun and have some money at the same time but thay doesn't mean it should be a source. Gambling always involve risks, it is the same as investment but investment is bettee than gambling. Gambling is not safe, and if we will be talking about sites, that depends.

We all know that gambling is not safe and it is total risky, but still people play it in two manners, One is, Majority of the people think that gambling make them rich then they are ready to take the risk, and the Second one is, Some people play gambling to get fun and entertainment without thinking it is risky. So both are here still know that gambling is risky. It meant people don't care about risk.

No for me it is not risky and it is not fun as well, for me gambling is really good because it gives me safely play, we should gamble with care so bitcoin is best coin to gamble with our own strategy, it is good time because bitcoin is at low price, so we should use bitcoin in all purpose, gambling is best way if you are good at, so don’t worry you can use it to earn more bitcoins.

Topic: How safe is Bitcoin gambling (Read 15074 times)