If bitcoin can be used in gambling. Is it possible to use it casino? - page 2.

michellee

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Quote from: supermam on December 28, 2017, 10:51:30 PM

Never heard of casinos accepting bitcoins in gambling but maybe in the.near future when bitcoins will.become or shall we say will be recognize by the government as a currency

maybe in the future after bitcoin get legal in the country that allowing gambling so we can use the bitcoin to place a bet. but for now, I think we can only use bitcoin on the gambling site and I think it is enough for us to try to feel how it looks like. I see there are many gamblers that using bitcoin to bet and they can make a lot of money from this. but for your information, not all gamblers could make a big profit because there are too many people which are losing their money so I advise to stay away from gambling if you don't want to lose your money.

ClumsySmile45

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I haven't heard any casino's that will accept bitcoin as a payment method. There are online casinos which accepts bitcoin, but only in online world. Maybe in the near future some casinos will do that.

supermam

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Never heard of casinos accepting bitcoins in gambling but maybe in the.near future when bitcoins will.become or shall we say will be recognize by the government as a currency

iSkyCastle

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Well, how likely will it become an acceptable payment in Offline Casinos.
Maybe it would be solved as long we use a Bitcoin/ETH debit card to buy in our chips =)

SirLancelot

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Quote from: Mobshady24 on December 19, 2017, 03:02:51 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.

One thing I want to add here is that crypto currency is the future, so what to talk about casinos, it will take down all the other fiats and will rule the world someday.

Casinos however are hesitating a bit to involve because we have seen that casinos all over the world are one of the source to make the black money white and also involvement in money laundering. So, after some legalization from the governments, it will become part of them as well.

darewaller

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Quote from: Mobshady24 on December 19, 2017, 03:02:51 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.

Bitcoin is the top ranked crypto coin and it is having number of features. There will be hardly any place in the world where you will not be able to use bitcoin. There is nothing bad in using of bitcoins at casinos, in fact this will help bitcoin to earn more fame as more number of people will be knowing about bitcoin and will be suing bitcoins instead of paper money at casinos. This will also benefit the owners of the casinos.

futile-resistance

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Quote from: ChrisPop on December 18, 2017, 03:57:40 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.

BitcoinCommodor

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Quote from: Mobshady24 on December 19, 2017, 03:02:51 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.

Casino and gambling are not two things. One is game and the other is the place of game. So it is clear that if bitcoin can be used in gambling then it will also be used in casinos.

There are many other sites which give you the source of gambling but casino is the place for regular gambling and there you will have to use cash or credit cards. If they have bitcoin wallet then you can use your bitcoin for your gambling in casinos.

Lowleary

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many ads here about casino and gambling

main use now is gambling

jpoker272727

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Quote from: Raffy11 on September 16, 2017, 12:16:32 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.

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Quote from: LuanX3 on December 20, 2017, 02:05:44 PM

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.

BitcoinGirl.Club

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Quote from: Raffy11 on September 16, 2017, 12:16:32 AM

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

In my opinion, I think Bitcoin is even a better payment option when it comes to funding your gambling account especially if you are worried about your privacy and afaik there are some brick and mortar casinos that already take bitcoin payments in exchange for some chips and if its online casinos when already have plenty of them.

LuanX3

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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.

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Quote from: batang_bitcoin on December 19, 2017, 01:31:32 PM

Quote from: Mobshady24 on December 19, 2017, 03:02:51 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.

This is why gambling industry is really becoming big specially on using up bitcoin because of its anonymity which most gamblers would really always prefer to be anonymous which they cant able to do in traditional fiat system gambling this is why bitcoin gambling is really booming up because of this and casino owners would really prefer to adopt this thing because they do saw the big market and possible profits for them since gamblers would really always prefer to use up on this.

mware

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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

Bitczer

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Quote from: batang_bitcoin on December 19, 2017, 01:31:32 PM

Quote from: Mobshady24 on December 19, 2017, 03:02:51 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.

This phenomena is to be ended soon.

Tenderino

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Quote from: canaveralnonie on December 19, 2017, 04:33:08 AM

Quote from: Mobshady24 on December 19, 2017, 03:02:51 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.

Yeah, that is the most possible answer on this thread. Like many of us said that the bitcoin is too much unstable specially in its currency. So its better to exchange it in a tangible token to guarantee it's value.

As the value of bitcoin continuously continued and continues to increase, why is the volatility a problem? I think the altcoins of a casino are offered for juridical reasons, because in such a case you do not play with money but with a fantasy token and this makes it legal as only gambling for money is regulated.

batang_bitcoin

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Quote from: Mobshady24 on December 19, 2017, 03:02:51 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.

canaveralnonie

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Quote from: Mobshady24 on December 19, 2017, 03:02:51 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.

Yeah, that is the most possible answer on this thread. Like many of us said that the bitcoin is too much unstable specially in its currency. So its better to exchange it in a tangible token to guarantee it's value.

Mobshady24

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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.

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