Topic: If bitcoin can be used in gambling. Is it possible to use it casino? (Read 8095 times)
January 05, 2018, 06:23:03 PM
Gambling industry is the one that made use of bitcoin in a large scale during the early days of bitcoin into existence. By that time it was not that familiar as now, and people have a thought that bitcoin is something an gambling token. Now too we have got lots of legitimate gambling websites, and people have good understanding about the use of bitcoin into gambling and bitcoin is not gambling.
January 05, 2018, 05:49:11 PM
There is many Casino accept btc.
Yes online casinos,
By the way if you are talking about casinos that's been known to everyone like what we are seeing in the movies and cities I think BTC can be used on that casinos (I don't know if there are one who are accepting as of now) but people there are rich and people the chips are pretty expensive so it is possible to buy your chips using BTC and then get that and play. Simple.
I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.
Are you not aware that the bitcoin gambling industry is big?
Look on how many casino's are here in the forum and look on how wide the crypto gambling industry is there.
And the answer is obvious mate.
It's not the matter of how big the industry, it's the people that playing that are craving to gamble, it doesn't matter if they will use BTC or fiat, what matter to them is that they have something to gamble.
Bitcoin is already used as a currency in Online gambling. That's a good idea as an alternative in casino. but I think more efficient use of cash because the transaction can be done quickly
A build in system meant for cryptocurrencies ( or for the people who are playing crypto in casino is easier ), we just don't know if they are adopting crypto. Let's wait for another year and then stay up tuned in the news.
January 05, 2018, 09:23:13 AM
I know there are many online casinos that accept bitcoin to trade and bet. This is understandable because if you use bitcoin to trade or bet, the house will be more manageable and will not be under pressure from the law. But as a person who does not like gambling myself, I think it is better to use bitcoin for a variety of purposes than for gambling.
I also participate in some online casinos and it is strongly recommended to use bitcoin for transactions as it is fast and secure. I feel that in the future it is possible for people to bet on coins instead of cash. Actually the managers of these casinos also want their players to pay with bitcoin because it has many benefits for them. January 05, 2018, 08:06:43 AM
Bitcoin is already accepted in many online casinos and it shouldn't be hard for physical casinos to start accepting it. They could use bitpay or other services to automatically convert them to fiat if they are not bitcoin supporters.
Yeah why not. If bitcoin can be used in different big markets then why not in casinos. Bitcoin can usable in online gambling because you can do anything with bitcoin as you can do with your regular paper or fiat currency. And when it is usable in gambling then no doubt it will be used in casinos because casinos are made for gambling and bitcoin is money. I think there should be no problem in using bitcoin as your bit in casinos.Bitcoin can be used not only in casinos or gambling, but we can make it use at almost all the places in the world. Using bitcoin at different places will not only help promotion of bitcoin but will also eliminate the need of having paper money.
January 04, 2018, 03:37:39 AM
I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.
maybe in the near future, as far as I know only online casino accepts bitcoin. Like in Las Vegas, there's a lot of casino in that place but they only accepts bitcoin for hotel payments and you still need cash if you decide to play in the casino. But who knows, maybe in the future they will already accept bitcoin for casino gaming since they already adopt bitcoin in Las Vegas. January 03, 2018, 10:25:43 PM
Casino is all about gambling so the answer is very obvious. There are already much of them that exists.
January 03, 2018, 09:58:18 AM
I know there are many online casinos that accept bitcoin to trade and bet. This is understandable because if you use bitcoin to trade or bet, the house will be more manageable and will not be under pressure from the law. But as a person who does not like gambling myself, I think it is better to use bitcoin for a variety of purposes than for gambling.
January 03, 2018, 08:30:05 AM
Bitcoin is already accepted in many online casinos and it shouldn't be hard for physical casinos to start accepting it. They could use bitpay or other services to automatically convert them to fiat if they are not bitcoin supporters.
Yeah why not. If bitcoin can be used in different big markets then why not in casinos. Bitcoin can usable in online gambling because you can do anything with bitcoin as you can do with your regular paper or fiat currency. And when it is usable in gambling then no doubt it will be used in casinos because casinos are made for gambling and bitcoin is money. I think there should be no problem in using bitcoin as your bit in casinos.
January 03, 2018, 05:34:14 AM
I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.
There are casino's that are allowing bitcoins to be used to play their games, Casino and online gambling are just the same but the probability of losing online is very high so i prefer to play on the actual place because the chance of winning is higher.
January 03, 2018, 04:16:44 AM
Are people already using bitcoins in casinos? Don't you guys consider online gambling sites casinos as well? Well, a lot of online gambling sites call themselves as "casinos" so I am not sure what the question is anymore. The answer is quite clear, which is yes. Online casinos accept bitcoins. The better question probably is whether conventional casinos will ever accept bitcoins, which probably could happen.
Could you name some?
Some of those really big gambling networks I can think of are Pokerstars, 888poker etc. but they don't seem to be much Bitcoin friendly. In fact, they called Bitcoin a "massive fraud" several times.
January 02, 2018, 05:46:27 AM
I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.
THEY WILL, some of them are accepting bitcoin already!1, Online casino, LIVE or AUTOMATED are now accepting bitcoin as a money to bet on their site.
2, In this a casino can accept bitcoin like a credit card did and exchange into chips to play and bet on the game.
3, Casino are gambling place, the owner loves to gamble in anyways, having bitcoin in the casino and get it as a payment for the chip they can use bitcoin another source of income, like this. Ex. 1BTC = 1000US worth of chips while at the end of the day 1050 CHIPS = 1 bitcoin. that's cool for the business right? and the up of market value in the community is a good deal for the casino too.
For casinos it is also not easy to accept bitcoin because the price is not stable and they may lose their money because of the decreasing price.
December 30, 2017, 03:17:00 AM
I think there no restriction to that.
If the casino accepting bitcoin then it can be use in gambling.
If the casino accepting bitcoin then it can be use in gambling.
December 30, 2017, 02:54:58 AM
Possibility is always there, it depends on the casinos. If they want to adopt bitcoin as one of the payment system then we will see a real casino accepting bitcoin. No matter how they implement it as long as we can pay with bitcoin then here we go. Maybe the casinos will create new chips with mbtc or bits so we will play just like in online bitcoin gambling sites or maybe they will still use old chips with $ denomination so the use of bitcoin is to buy the chips only.
December 30, 2017, 01:45:19 AM
There are projects lately involving bitcoins with casinos like the providence, i don't know how it will work but i think you can use it as a mode of payment to the casino or you can exchange the bitcoins into their created altcoin.
It's popular that bitcoin is associated with an online casino and this is the main business for some casino's. They are making a lot of money on it and it's the easiest way to gamble today because there are too many people who are hoping to gamble anonymously and thanks to bitcoin we can do it by gambling with bitcoins and other alt coins as well. December 29, 2017, 06:42:49 PM
As I heard from my friends that bitcoin was already used in the casino as a payments for the chips for gambling. I don't know yet if the casino really accept bitcoin.
December 29, 2017, 05:48:37 PM
I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.
I thinks ,some other countries used bitcoins as a payments in casino,or using this as an exchange in chips for gambling and one examples of this is las vegas nevada,some of other prominent person in the world of business must go there and they want some fun or entertainment to thereself ,so they must gambling and sometime's if they did not use fiat for chips paying instead they used for swiping the digital coins.
December 29, 2017, 12:25:34 PM
It may happen, but not all casinos will accept it because the price is fluctuating. I have never found a casino that received Bitcoin, do not know in another country.
December 29, 2017, 06:05:43 AM
All i can say, if you want to go to casino to gamble, Why don't you convert your bitcoin to fiat currency, Then surely you can use now your money for gambling. 
December 29, 2017, 02:12:02 AM
It is already used by some online casinos, it is not impossible for real casinos to adopt and use bitcoins as payment because of the wide adoption of bitcoins as time goes by. I guess, casinos just need to have their own platforms to that will accept bitcoins then convert it into real world tokens.
December 29, 2017, 01:11:01 AM
I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.
It is depend on your country's casino if your nearest casino accept bitcoin then good, but it is difficult for me to tell it because in my country we are not use bitcoin in open market even i never see any single store accept bitcoin but i see in other countries stores easily accept bitcoin, then it is difficult for me to tell you that in your country's casinos accept bitcoin or not. But in online gambling sites you could use bitcoin easily.
Jump to: