Quick Survey: why do you specifically use crypto to gambooool ? - page 7.

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

Quote from: Ryker1 on January 10, 2020, 10:21:03 AM

Well, we have different reasons why someone chooses crypto when they are going to gamble.
The number one reason, of course, the anonymity. They dont want to reveal their real identity in gambling and probably it will link to your bank accounts or credit card when you are using fiat money. Cryptocurrency is freely used and convenient to use.
Another thing is very fast transactions have when it comes cash out and cash in.

Gambling sites didn't require KYC so it's good to do gambling online especially if it's considered as illegal activity in my country. Especially crypto gambling have many choices unlike in physical casino and some websites that have only specific game or still than laggy. We know crypto gambling sites are many now and much easier to access.

vjoseph.s

newbie

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Because usually they allow you to play and invest. Don't know if you guys have heard that lottoshi.io is something like that

veleten

legendary

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Merit: 1107

Quote from: viscabtc on January 13, 2020, 07:43:47 AM

my bank will not let me gamble despite my being in a country that actually licences sportsbooks and casinos (Malta).
I see the UK gambling regulator is about to ban credit card deposits for sportsbetting.. no doubt this will drive some more punters to gamble via BTC/crypto.

uh the link is broken , for a second I thought it was a legit news
if the UK gambling regulator would ban credit cards for gambling , this could make their casinos suffer huge loss
since almost every big bettor is a debit/credit card depositor , there are not so many using Skrill or other means
but this is one of the main advantages of gambling with the cryptocurrencies - almost instant deposits and withdrawals , no hassle
no need to deal with banks or regulators who love to "take care" of you by putting a wrench in the spinner of your gambling

viscabtc

newbie

Activity: 1

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my bank will not let me gamble despite my being in a country that actually licences sportsbooks and casinos (Malta).
I see the UK gambling regulator is about to ban credit card deposits for sportsbetting.. no doubt this will drive some more punters to gamble via BTC/crypto.

veleten

legendary

Activity: 2016

Merit: 1107

well you kinda nailed it in your post , OP
for me the most important reasons are:
1. no KYC
2. instant deposits withdrawals , limited only by the network speed , while in the ususal casinos you can wait for our money for days if not weeks
3. low house edge - 1% is the standard
4. provably fair , means I can be sure that there are no shenanigans going on

mostly it is the ease of use and convenience, once you played at one casino / dice , you , practically need no time to adjust to a new site
if you decide to play elsewhere , the interface and the principles are same , just the looks and details are different

naikturun

sr. member

Activity: 1190

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Undeads.com - P2E Runner Game

because it won't be too complicated, and also some regulations in each country are different, so it's easier to use crypto you just transfer, send and play.
whereas if fiat has to confirm your bank account, and other data for verification Grin

Ryker1

sr. member

Activity: 1932

Merit: 442

Eloncoin.org - Mars, here we come!

Well, we have different reasons why someone chooses crypto when they are going to gamble.
The number one reason, of course, the anonymity. They dont want to reveal their real identity in gambling and probably it will link to your bank accounts or credit card when you are using fiat money. Cryptocurrency is freely used and convenient to use.
Another thing is very fast transactions have when it comes cash out and cash in.

ashmodeus

hero member

Activity: 1638

Merit: 518

my answer is simple.
because using crypto is simple, i don't have to do anything for spend my money.
register,deposit,play,withdraw,done.
using fiat ? errr, its just complicated thing for me.

kryptqnick

legendary

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Join the world-leading crypto sportsbook NOW!

Quote from: BTCDestiny on January 08, 2020, 01:49:00 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

I, for one, wasn't into gambling at all before I got acquainted with cryptos and gambling websites as use cases. The possibility of having provably fair games is very important, because I indeed would not trust that a casino is playing by the rules. Especially with this association between classic casinos and criminals. Another strong reason for me is that I don't want to pass KYC and have my bets as banking transactions connected to my identity. It can be used to manipulate me, so I prefer not to give off information unless it's necessary.

bering

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Leading Crypto Sports Betting & Casino Platform

Provably fair is mandatory so i think every gambling sites should have this and one of the reason why i choose gamble with crypto because gambling is something can recognize as bad habit in my country so although i was gamble but i don't want people know it so gambling use cryptocurrency can give me confortable feeling while gamble without people know my habit and also there was no land based casinos can be visitied in my country so one of the way if i want to gamble is visiting online gambling sites

Ahimoth

sr. member

Activity: 812

Merit: 250

Quote from: hopenotlate on January 10, 2020, 03:26:51 AM

The provably fair part, versus the probably fair of Fiat casinoes, is the feature that definitely makes me gamble, and lose, serenely.
Also skipping the hassle to verify our identities sending documents bills and all the stuff is a big plus for crypto gambling. Not to talk about gambling legal regulation restricting many players to their own sites or completely prohibiting gambling.

Kyc as part of regulation was very unpleasant when you're having so busy days, and about the submission of legal documents like your full identity; I don't think its fair enough. We're in danger of our safety due to danger of security breaches of our personal data information. Crypto gambling site is much advantage instead of fiat betting, and the anonymous playing can be enjoyed independently.

elvirecam430

jr. member

Activity: 55

Merit: 1

Quote from: pakhitheboss on January 08, 2020, 05:24:59 PM

Gambling is not legal in many countries. Cryptocurrencies provide anonymity and thus it is convenient for many people to use it. At the same time cryptos like doge coins and tron are very cheap, using them to gamble does not burn the pockets. Gambling website that accepts crypto do not need KYC which means you are completely anonymous.

Exactly. Gambling is illegal in many countries which makes anonymity quite important in my opinion.
Way more convenient is another reason as well. Easy and quick to exchange from this currency to another already make my life easier when gambling online.

hopenotlate

legendary

Activity: 3402

Merit: 1227

Top Crypto Casino

The provably fair part, versus the probably fair of Fiat casinoes, is the feature that definitely makes me gamble, and lose, serenely.
Also skipping the hassle to verify our identities sending documents bills and all the stuff is a big plus for crypto gambling. Not to talk about gambling legal regulation restricting many players to their own sites or completely prohibiting gambling.

DarkDays

legendary

Activity: 2030

Merit: 1189

Personally, I just happen to have more invested in cryptocurrency than I do fiat currency, hence why it's more practical for me to simply tap into my crypto reserves to gamble.

Plus, I prefer the anonymity of it. I don't think I have ever been asked to provide my KYC details to a crypto gambling portal, whereas practically every fiat online casino required KYC.

I'm not in the business of giving out my identity information to just anyone, so I prefer not to do it where possible.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Quote from: BTCDestiny on January 08, 2020, 01:49:00 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

I gamble online rather than going to a brick and mortar casino because I don't want to expose my self that I am into gambling. Another is casinos in our place are far from my house, it will take me an hour drive of traffic and I need to dress up appropriately just to be allowed to come inside their casino and play. Unlike going online its the opposite.

dark08

full member

Activity: 798

Merit: 104

Quote from: pakhitheboss on January 08, 2020, 05:24:59 PM

Gambling is not legal in many countries. Cryptocurrencies provide anonymity and thus it is convenient for many people to use it. At the same time cryptos like doge coins and tron are very cheap, using them to gamble does not burn the pockets. Gambling website that accepts crypto do not need KYC which means you are completely anonymous.

Yup this is right in my country gambling is not legal thats one reason why I use crypto gambling site to play online casino games.
Another reason the transaction fee was too small plus less hasle and easy to use all you need is good internet and fund to your account some popular gambling site also offer a contest, bonuses and exciting suprises.

Pmalek

legendary

Activity: 2730

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The banks in my country limit deposits and withdrawals to and from gambling-related websites so it makes it troublesome for me to gamble on the sites I want to. With crypto casinos and sportsbooks I don't have those problems. There is also no KYC and lengthy verification procedure. The maximum I had to do was submit and verify a valid email and phone number.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

I guess many choose crypto for the anonymity/pseudo anonymity it offers. Crypto-gambling also tends to attract people who are already familiar with crypto. International gambling owners probably find cryptocurrency payment better & easier to integrate into their sites. And crypto is quite easy to get and use worldwide. Provable fair is an important factor too.

ultrloa

legendary

Activity: 2758

Merit: 1228

The list below is the reason why I prefer to gamble with crypto.

Less fee on transactions,
Anonimosity,
Convenience
No KYC
and Far from legal authorities.

And it really minimize the hassle since in fiat we can get a hard time for any legal documentation which is totally sucks to provide with and imagine how big the fee's we will pay for every transactions we made.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Biggest reasons for me to gamble are:

- Ability to gamble with amounts as low as 1 satoshi(Difficult to find such low amounts in a FIAT based casino)
- No KYC ensures that my identity is anonymous
- Simple registration process
- Possibility to earn more thanks to the volatile nature of crypto

Topic: Quick Survey: why do you specifically use crypto to gambooool ? - page 7. (Read 1329 times)