If bitcoin can be used in gambling. Is it possible to use it casino? - page 12.

MAVO_EezznkQ

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Quote from: drachman on September 25, 2017, 06:48:19 PM

Quote from: Raffy11 on September 15, 2017, 11:16:32 PM

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

There are three types of casinos currently online, bitcoin casinos, fiat casinos, and fiat casinos that accept bitcoin, the advantage of bitcoin casinos is that you can play without going through the annoying Know your costumer policies that fiat casinos make you go through, now do not fall on the trap of fiat casinos accepting bitcoin you are still going to have to identify yourself and as such playing in those casinos is a waste of time.

cant agree more on that. the fiat casino may remain offline to crypto and crypto casino will always find its customers online

davinchi

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Quote from: illusioNiZt on September 21, 2017, 11:03:07 AM

Bitcoin can be used IRL casinos since its a type of currency but not sure when will it get implemented, well you can gamble online with BTC there are so many trusted online casino sites I am sure in future real casinos will accept Bitcoin as well.

Lol real life casinos? Who told you that, and can you mention some places where it is being offline? I don’t there is such, but a quick search on Google brings up a lot of Bitcoin Casinos, though I’m not sure which of them is legit or scam.

drachman

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Quote from: Raffy11 on September 15, 2017, 11:16:32 PM

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

There are three types of casinos currently online, bitcoin casinos, fiat casinos, and fiat casinos that accept bitcoin, the advantage of bitcoin casinos is that you can play without going through the annoying Know your costumer policies that fiat casinos make you go through, now do not fall on the trap of fiat casinos accepting bitcoin you are still going to have to identify yourself and as such playing in those casinos is a waste of time.

JohnBitCo

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I think there is no physical or real casino that accept bitcoin, but if they are referring online casinos, then yes they are plenty, there were lots of casino online that accept btc, but in real casino they want paper money, they want fiat. Due to easily deposit/ withdrawal of bitcoins, a lot of gambling sites has come online which not only accepts bitcoins but also other crytocurrecnies like ETH, litecoin etc.

Nameless27

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Nothing is impossible with bitcoin and even in gambling. As of now I've been searching for one but failed to find one CaSiNo that accepting bitcoin in exchange for chips. Maybe some bitcoin users or groups who love gambling have made an alternative like exchange it with your group member in fiat currency, bitcoin-fiat-chips. It is just my 2 satoshi(cents) on this issue but probability is high. Also those countries that legalized bitcoin will soon be inserting this.

player514

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Quote from: Raffy11 on September 15, 2017, 11:16:32 PM

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

Online casinos (especially the ones that are targeted at Bitcoin owners) do accept bitcoin. As far as I know, real casinos only accept fiat currency of the country that you are in. Just like there's no way to use Euros in an American Casino, you need to convert Bitcoin to USD before you can use it in a casino.

Sadlife

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I think that there are many casino's that accepts bitcoin but mostly i see casinos online where the its almost the same but the only difference is that you sit and watch on your computer. There are many online gambling sites out there or even casinos that accepts even local businesses and restaurants, hotels accept btc so why would casino be any different ?

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Quote from: Raffy11 on September 15, 2017, 11:16:32 PM

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

Bitcoin is already used in gambling. It is a digital currency and is probably allowed to be used in online gambling sites. In Casinos, it will still depend on the management of that casino. In real casinos, ofcourse its legalization in that country will also be a factor to consider whether Bitcoin will be accepted or not. To sum it up, there are already casinos that accepts Bitcoin as an exchange for chips and gambling purposes.

michnelli6

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Quote from: RedX on September 19, 2017, 01:53:57 AM

This will make casinos more popular if they do that so I won't be surprised. Expect their money to be 0 at the end
because btc is very easy to withdraw so they might go all in.

Eehm…whatsthe difference between a casino and gambling? You guys just gives some funny answers that makes no sense. Casino is also gambling, unless you meant to say that Bitcoin is not accepted for offline casinos.

mondobitcoin

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At this moment a lot of online casino accept bitcoin, because you can deposit without any trace of your payment
Maybe in the future it can happen to real casino too, but i think that we need to wait a stabilisation in the price

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Quote from: Forbiddenone on September 22, 2017, 10:41:21 PM

Quote from: Kevin77 on September 22, 2017, 01:34:14 PM

Quote from: Raffy11 on September 15, 2017, 11:16:32 PM

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

I see no reason why they can't and even if they don't why not try online casinos as there are lots of them now accepting bitcoin and you are free to gamble it all the way. You can check google to find some good ones with quite a lovely number of reviews and give them a try to find one that suits you best. I know of crypto-games and I have heard some good stuffs about them.

they will not as they do not take currency with unknown transaction,i have tried to ask them but they replied unless government of particular countries will legalize it they will not use it or there some illegal casino gambling where they can easily take bitcoin or any other physical asset as a currency so that they can offer there own chips/currency to gamble.

It's kind of illegal also to make transactions with some unknown because always they would use fiat money to have something to count on how much is going in or our in there casinos.

Forbiddenone

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Quote from: Kevin77 on September 22, 2017, 01:34:14 PM

Quote from: Raffy11 on September 15, 2017, 11:16:32 PM

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

I see no reason why they can't and even if they don't why not try online casinos as there are lots of them now accepting bitcoin and you are free to gamble it all the way. You can check google to find some good ones with quite a lovely number of reviews and give them a try to find one that suits you best. I know of crypto-games and I have heard some good stuffs about them.

they will not as they do not take currency with unknown transaction,i have tried to ask them but they replied unless government of particular countries will legalize it they will not use it or there some illegal casino gambling where they can easily take bitcoin or any other physical asset as a currency so that they can offer there own chips/currency to gamble.

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Quote from: Raffy11 on September 15, 2017, 11:16:32 PM

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

It depends on the management of the casino specifically, physical casinos. Bitcoin is already classified as a currency especially in countries where it is now legal. Also, there are online gambling sites that uses Bitcoin as payment. In online gambling sites, there are already casinos wherein Bitcoin is accepted as an exchange for chips or tokens. It will only be a problem if the casino itself don't accept Btc or Bitcoin is not legal to that country where that casino is located.

Kevin77

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Quote from: Raffy11 on September 15, 2017, 11:16:32 PM

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

I see no reason why they can't and even if they don't why not try online casinos as there are lots of them now accepting bitcoin and you are free to gamble it all the way. You can check google to find some good ones with quite a lovely number of reviews and give them a try to find one that suits you best. I know of crypto-games and I have heard some good stuffs about them.

michnelli6

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Quote from: Raffy11 on September 15, 2017, 11:16:32 PM

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

Lol, what are you trying to say? You said casino is not gambling and that is it possible to use bitcoin in purchasing casino chips for gambling?…your question is confusing. Who said casino is not a gambling game? They’re all gambling, and bitcoin can be used in casino.

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Quote from: michellee on September 22, 2017, 04:07:59 AM

Quote from: PalindromemordnilaP on September 22, 2017, 02:21:58 AM

I don't think Casinos or any gambling entities would utilize BTC as their means of bet because they would prefer to use real cash. Say for example if you won in the Casino, does it mean you have to wait for you to get your prize? For me, that's probably a hassle and not a good idea.

but if you use bitcoin for the bets and somehow you can win, the amount of the money is directly in your account. but if we want to withdraw that money, we always need to wait for the confirming of the transaction. I think the owners of the casino will fine for using bitcoin as of bet because their purpose is only how to make money in gambling industries.

Confirmations would really be the issue here knowing that gamblers doesnt really like to wait for too long when we do play gambling.Lets say if someone did purchase chips for bitcoins then it would be possible thing since transactions are irreversible and they can already assure that those funds are already transfered but speaking on directly playing without those chips then it would really be a hassle thing.

yonjitsu

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Is it possible to use it but maybe in some Casinos because i think real cash or money is still the best betting medium in Casinos. Just imagine winning a small amount of dollars but it gives you hard time for you to process and finally get your cash from your btc wallet.

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Quote from: PalindromemordnilaP on September 22, 2017, 02:21:58 AM

I don't think Casinos or any gambling entities would utilize BTC as their means of bet because they would prefer to use real cash. Say for example if you won in the Casino, does it mean you have to wait for you to get your prize? For me, that's probably a hassle and not a good idea.

but if you use bitcoin for the bets and somehow you can win, the amount of the money is directly in your account. but if we want to withdraw that money, we always need to wait for the confirming of the transaction. I think the owners of the casino will fine for using bitcoin as of bet because their purpose is only how to make money in gambling industries.

PalindromemordnilaP

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I don't think Casinos or any gambling entities would utilize BTC as their means of bet because they would prefer to use real cash. Say for example if you won in the Casino, does it mean you have to wait for you to get your prize? For me, that's probably a hassle and not a good idea.

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Quote from: Raffy11 on September 15, 2017, 11:16:32 PM

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

You mean brick and mortar casinos? Why would they want to accept BTC? It would be very bad for them because its value always fluctuates in the market. Thats why most of us are holding it as an investment and seldom use it to buy something with it.

Its also an unregulated currency in most countries. Thats a big nono for regulated casinos.

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