Quick Survey: why do you specifically use crypto to gambooool ? - page 4.

chaser15

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Quote from: Mahanton on February 05, 2020, 05:50:22 PM

This is the main reason why crypto gambling becomes popular and mainly suggested by most gamblers due to this reason.

Anonymity plus less hassle if you do tend to play even bypassing countries laws if its being prohibited into your place.It does open the possibility

for you to play without being caught nor penalized.When it comes to accesibility then as long you do have the connection and crypto wallet
then youre good to go.

Don't rely with this. It is not recommended to bypass any country's law regarding online gambling.

If a user is not an enthusiast of using a VPN, their ISP provider will detect the gambling activity of their subscribers.

And did you know that for some country wherein online gambling is prohibited, these ISPs can even able to track the gambling activity of their users even while using a VPN. It's now a matter of taking risks and hoping for a chance that these users will not get caught.

Mahanton

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Quote from: hahay on February 05, 2020, 09:11:29 AM

Didn't we already realize that gambling is illegal in many countries but even so, even online gambling using fiat can still be developed in countries that have regulations regarding the prohibition of gambling itself. So I think the reason to remain anonymous is one of the main reasons someone gambles using crypto, because online gambling using fiat still requires users to send personal data.

This is the main reason why crypto gambling becomes popular and mainly suggested by most gamblers due to this reason.

Anonymity plus less hassle if you do tend to play even bypassing countries laws if its being prohibited into your place.It does open the possibility

for you to play without being caught nor penalized.When it comes to accesibility then as long you do have the connection and crypto wallet
then youre good to go.

SquallLeonhart

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Quote from: BTCDestiny on January 08, 2020, 02:49:00 PM

eg is it because you:

can pay Less vig in some cases?
wider game selection can gamble on games like minesweeper, paper rock scissors and other novelty games?
"provably fair" games
cannot bet in your current location
crypto sites might offer markets unavailable elsewhere
others ?

I gamble because of this forum and bitcoins. Yes, gambling is not possible in my country yet I do hear lottery and horse riding kind of few types alone available but there is not big casinos in my city with slots machines or anything you may find in Las Vegas.

I use crypto because I gamble online and I gamble with other country based houses where my fiat may not be accepted (honestly I never checked availability of bank transfers in my local fiats). Interestingly I has bought 1000s of lottery in freebitco.in but never tried with fiat in my local shop. Cryptos must be the reason for my gambling.

Reatim

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Quote from: BTCDestiny on January 08, 2020, 02:49:00 PM

Hello Degens

I am doing a little research on WHY people are betting /gambling online with btc/crypto from various countries/states worldwide, and was hoping bitcointalk members can be of some assistance.
I would specifically like to know (if you happen use crypto to gamble online) why you do so.

eg is it because you:

can pay Less vig in some cases?
wider game selection can gamble on games like minesweeper, paper rock scissors and other novelty games?
"provably fair" games
cannot bet in your current location
crypto sites might offer markets unavailable elsewhere
others ?

any info appreciated, if you can give me your state/country that would be helpful too for context.
I will happily publish the results of the survey later ITT if anyone is interested/cares.

Thanks

the advantage of playing here is that we can at least hold the currency after gambling or even while playing so in any case that market Goes Up then we can make another amount of money?and if the value falls then we are safer to play more.

Quote from: hahay on February 05, 2020, 09:11:29 AM

Didn't we already realize that gambling is illegal in many countries but even so, even online gambling using fiat can still be developed in countries that have regulations regarding the prohibition of gambling itself. So I think the reason to remain anonymous is one of the main reasons someone gambles using crypto, because online gambling using fiat still requires users to send personal data.

that is incorrect mate,because there are much many countries that allows gamble than banning this.there are only few countries that has tight policy against gambling but there are more adopting this for theirs.

MufasaR

jr. member

Activity: 48

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Gambling with crypto can allow you to have twice(could be more) the value of your winnings as crypto prices can go to the moon at any pointing time.

Another reason for this choice is gambling with restrictions and at times play without the obligation of undergoing know your customer like the fiat regulated casinos require everyone to do.

hahay

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Leading Crypto Sports Betting & Casino Platform

Didn't we already realize that gambling is illegal in many countries but even so, even online gambling using fiat can still be developed in countries that have regulations regarding the prohibition of gambling itself. So I think the reason to remain anonymous is one of the main reasons someone gambles using crypto, because online gambling using fiat still requires users to send personal data.

mirakal

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Leading Crypto Sports Betting & Casino Platform

As much as possible I want to stay anonymous while gambling so I gambling in crypto gambling sites and I feel that here in the space, it's also getting more competitive as the number of casinos have increase and therefore this makes the competition better.

When I gamble in crypto, most of the time I use my btc than other coins because most of the sites I use are accepting bitcoin and it's more convenient in my end to convert btc into fiat if given a chance to cash out from a win.

michellee

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Quote from: worle1bm on February 04, 2020, 04:17:35 AM

I think 'cannot bet in your location' is the major reason why people tune to crypto gambling. In some countries, even if gambling is not explicitly illegal but still looked sceptically by society and banks. Banks can easily track if someone using fiat gambling platforms like Bet365. This may results into freezing of bank accounts and other problems. Better play on crypto sites. If done carefully then there is 0% of getting caught of playing casino with cryptocurrencies. Mixers and no-KYC exchanges have made lives easier.

That is why people nowadays like to playing gambling in a crypto gambling site. People can avoid the tracking from the banks because if they use crypto when they send the coins to another wallet, the banks would not know who is people behind of that wallet. Besides that, when people use crypto, they can use mixing services before they send the coins to the gambling sites. That will help them to hide the wallet and the identity, and they can playing gambling without worry about the investigating for their bank accounts.

Latviand

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Convenience is the main thing why I gamble using cryptocurrencies. There are other digital currencies but I do prefer to use cryptos because it protects my anonymity and also, the transactions cost less and faster compared to other digital currencies.
To be specific, I do not gamble really and the first time I gamble is due to the influence of crypto in a way that there are cryptos which are from projects related to gambling or gambling sites in particular. I did engage into such activity to make use of the tokens I've earned from projects than to just store it in my wallet.
Then eventually, I am gambling to kill time using some of my holdings. I also did try comparing it to other currencies being used in online gambling but I just find it more convenient , using cryptos to gamble.

worle1bm

full member

Activity: 1834

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I think 'cannot bet in your location' is the major reason why people tune to crypto gambling. In some countries, even if gambling is not explicitly illegal but still looked sceptically by society and banks. Banks can easily track if someone using fiat gambling platforms like Bet365. This may results into freezing of bank accounts and other problems. Better play on crypto sites. If done carefully then there is 0% of getting caught of playing casino with cryptocurrencies. Mixers and no-KYC exchanges have made lives easier.

Yatsan

legendary

Activity: 2436

Merit: 1232

Leading Crypto Sports Betting & Casino Platform

Using cryptocurrency as a gambling money is very easy to use and the transaction is instant, usually when I am going to gamble I will use XRP for instant transaction, deposit or withdrawing it will be always instant. And one of the perks of gambling online is no hassle at all, just sit on your gaming chair or just lay on your bed while gambling, you can do anything you want, when you win there's no people that is going to ask to share your winning, and when you lose there's no people that are going to look down to you. Gambling alone is a good thing for me and I enjoy it.

The only thing that is not good for online gambling is when you internet connection is become slow, or you miss clicked and go all in for one bet. LOL

CryptopreneurBrainboss

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Quote from: BTCDestiny on January 08, 2020, 02:49:00 PM

Hello Degens
I am doing a little research on WHY people are betting /gambling online with btc/crypto from various countries/states worldwide, and was hoping bitcointalk members can be of some assistance.
I would specifically like to know (if you happen use crypto to gamble online) why you do so.

Specifically I gamble online because it's more convenient, and can be engaged using just my mobile phone. Using cryptocurrency makes it more satisfying since I'm been given the opportunity to use/spend my coins instead of just using it as an investment vehicle for future profit. The anonymity associated with playing with cryptocurrency, less time consumption and borderless transaction also contribute to me favouring cryptocurrency over fiat.

Although KYC is becoming an issue since it takes away the anonymity of cryptocurrency gambling, I haven't experience it myself most especially as my gambling capital doesn't exceed the maximum amount a patronizers can gamble with without processing KYC verification.

Golftech

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Quote from: qwertyup23 on February 04, 2020, 02:55:41 AM

As someone who previously visited casinos to gamble using fiat, gambling through the use of cryptocurrencies provide me the convenience and privacy that I need.

Also one thing to mention, gambling using cryptocurrencies prevent you from overspending your resources. Usually in casinos, they try their best to lure the audience and hang around the vicinity. Most of the time, they give discount coupons for food, additional winning percentages, etc. and that is also the reason on why some gamblers who already WON end up spending their winnings and lose eventually.

That's part of the business and the luxurious offers to decieve gamblers who are playing on an actual casino house. Lust that you love to please.
While when you use crypto and you do know how to control your emotions. The benefits of playing infront of your devices gives you the option of quitting after gaining satisfying profits.

qwertyup23

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As someone who previously visited casinos to gamble using fiat, gambling through the use of cryptocurrencies provide me the convenience and privacy that I need.

Also one thing to mention, gambling using cryptocurrencies prevent you from overspending your resources. Usually in casinos, they try their best to lure the audience and hang around the vicinity. Most of the time, they give discount coupons for food, additional winning percentages, etc. and that is also the reason on why some gamblers who already WON end up spending their winnings and lose eventually.

peter0425

sr. member

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Merit: 439

Quote from: romero121 on January 30, 2020, 10:19:37 AM

Gambling is all about fun/entertainment for a small group of people. Another group consider it a way to multiply the amount one have got in the wallet. More the risk involved more will be the possibility to profit as well as the chances of losing. In most cases people prefer cryptocurrency into gambling for the purpose of staying away from legal issues as very few countries around the globe has legalized gambling.

yeah legalities and privacy as what most of us love playing with crypto than Fiat or other form of payments to gamble.
because this is what most casino sites offers,and after winning they can even use Mixers to keep more safer and private,also same reason why many are looking for this as suspicious and illegal ,but what for me?that is i can play anywhere and anytime lol.

carlisle1

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main reason is of course accessibility and the easiness to use,imagine i can Gamble and also Invest in cryptocurrency?
because whenever i am winning?i make sure that part of my wins will go to my Holding,this is for my future profit while the remaining will be for my family and friends and also the other part will be for my future betting of course.
bu this i can keep my habit and also my investments.
though i am not that active in gambling again for some reason but i make sure to gamble at least once a week or twice a month.

michellee

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Activity: 2604

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🐺Spinarium.com🐺 - iGaming casino

Quote from: Debonaire217 on January 30, 2020, 10:48:06 AM

Quote from: romero121 on January 30, 2020, 10:19:37 AM

Gambling is all about fun/entertainment for a small group of people. Another group consider it a way to multiply the amount one have got in the wallet. More the risk involved more will be the possibility to profit as well as the chances of losing. In most cases people prefer cryptocurrency into gambling for the purpose of staying away from legal issues as very few countries around the globe has legalized gambling.

In my opinion, more risk doesn't directly mean that more profits could possibly be obtained, in gambling, most of the time we stick to one betting platform only, in this regard, the risk is already measured by us and will just depend on how much we bet, because basically I believe that if we bet huge amount, it doesn't mean we are increasing the intake of possible risk to it, risk is just a fix value for me, that we get right from the start when we first cash in to our gambling platform accounts.

The risk will always be behind us in anything, not just in the gambling industry. If people can know about the risk and accepting the risk, they can use the money for anything they want, and they will not have a problem if they lose the money in gambling. When we bet in a big amount, we need to know that the chance behind the bet will be bigger too. And we need to understand that in gambling, we will have two options, win or lose, so we can be careful in placing the bet amount.

Debonaire217

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In Code We Trust

Quote from: romero121 on January 30, 2020, 10:19:37 AM

Gambling is all about fun/entertainment for a small group of people. Another group consider it a way to multiply the amount one have got in the wallet. More the risk involved more will be the possibility to profit as well as the chances of losing. In most cases people prefer cryptocurrency into gambling for the purpose of staying away from legal issues as very few countries around the globe has legalized gambling.

In my opinion, more risk doesn't directly mean that more profits could possibly be obtained, in gambling, most of the time we stick to one betting platform only, in this regard, the risk is already measured by us and will just depend on how much we bet, because basically I believe that if we bet huge amount, it doesn't mean we are increasing the intake of possible risk to it, risk is just a fix value for me, that we get right from the start when we first cash in to our gambling platform accounts.

Darker45

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Quote from: KnightElite on January 29, 2020, 07:43:58 PM

Quote from: Darker45 on January 29, 2020, 09:35:17 AM

I use both crypto and fiat for gambling. When online, I am focused on crypto gambling sites, may it be a casino or a sports betting site. But when offline, I cannot use crypto because most of my gambling friends do not know anything about crypto. So that would be on a fiat basis. So I guess I could sum it up as offline = fiat and online = crypto. Why crypto? Because of the anonymity it offers. Fortunately, most betting sites and casinos do not ask for KYC, or at least I haven't been asked for it. And another thing is that the deposit does not involve inputting your bank account number or even your name. And the withdrawal does not cost even a single Satoshi.

I do not use fiat in any online gambling sites and games because it is illegal in my country where I can be caught by our law enforcement, I just playing gambling with use of bitcoin because there is regulation in my country that been legalized the usage of the bitcoin. I also prefer to play in gambling sites that doesn't require my IDs because I want to stay anonymous anytime just to protect my identity and for me to have safety.

You're from the Philippines, right? I saw you posting in the local section. This response of mine is for clarification's sake.

Filipinos are not prohibited by any law to gamble online or play in online casinos. They can play and gamble online, may it be through sports betting or playing casino games such as slots or dice or anything else unless specified by the country's gambling laws to be prohibited. The only condition is that they should be gambling on sites that are licensed and regulated offshore. Meaning to say, they cannot play on online casinos that are licensed and regulated in the their own country.^[1]

[1] https://www.legalonlinecasinos.ph/

romero121

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Gambling is all about fun/entertainment for a small group of people. Another group consider it a way to multiply the amount one have got in the wallet. More the risk involved more will be the possibility to profit as well as the chances of losing. In most cases people prefer cryptocurrency into gambling for the purpose of staying away from legal issues as very few countries around the globe has legalized gambling.

Topic: Quick Survey: why do you specifically use crypto to gambooool ? - page 4. (Read 1301 times)