STARTING OWN CRYPTO GAMBLING SITE - page 21.

klidex

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Quote from: serjent05 on February 12, 2023, 02:51:40 PM

Quote from: klidex on February 12, 2023, 01:26:38 PM

Quote from: LUCKMCFLY on February 12, 2023, 08:00:32 AM

I know the feeling with new casinos will be that they may not have mandatory KYC, it's something all players will look for, but from what you've researched and what you've seen, do you think it's still easy? I say it from the point of view that whenever a casino without KYC is brought here in the forum, it is studied in depth, and something always comes up that doesn't add up, be it the issue of licenses or something similar, we all know that in order to have authenticity on a site licenses are needed, have you thought about how to deal with it? For me it is one of the essential things, but we all know that when acquiring licenses that give more authenticity and trust to the site, it will imply that you ask for KYC in the same way. I'm not sure, but if you look at freebitcoin they have their dice game, and it's been enough for that game to be one of the most famous sites ever since and they don't require KYC.

Indeed, a casino that does not require KYC requirements will be of interest to many gamblers, but actually it would be safer to use a casino that has KYC conditions because it is certain that we can be trusted and are definitely safe for us to use.
KYC itself is requested because the casino has been registered with the license they use and the importance of KYC is not only in the license but in the security of the casino itself so that there are no users who have problems such as money laundering or other things that can make the casino's reputation problematic because it is used. as a place for money laundering.
With KYC we can also avoid if one day there is a problem with the account that we have so that we can provide at least evidence of authenticity that the account is really ours if someone tries to hack and use our account.

It is always best to follow regulations. Giving in to the wants of some players and then get rekt by the regulatory board is a bad move, imo. It is best to start in a legit way if the owner wanted his casino free of regulatory issue.

Even though the casino owner and management team will find it a bit difficult to get many customers, so it takes quite a long time to develop, by following the existing regulations, the casino will avoid regulatory problems.
If they are only concerned with being able to get customers fast and lots of them but this method violates the rules then in the future I'm sure there will be bigger problems and make it really difficult for casinos to solve them.

aioc

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Quote from: maudo on February 11, 2023, 02:06:56 AM

i have two very good domains and im trying to collect as much info as i can about opening crypto gaming website that not require kyc and makes instant withdrawals.
First i was thinking about bitcoin crash game only - like bustabit but better, like adding bonuses and more crypto deposit and withdrawal options, more modem UI, But since im not a developer and can't write anything i want "like wake up in the morning and oh let's write best crypto exchange app" haha ,so i have to buy ready made script or hire developer and it would cost me thousands if not more

Later i stated to think about full casino scrip like win5x, but why my casino would be better than others? 0 reasons why. even Spribe Sales said that aviator game cost 5000eur + 3000eur every month, but casinos like cloudbet have 100s of these 3rd games, so that means to have some of these evolution, bgaming games i need to have prepared at least 150k usd + monthly payments ? i would prefer 0 monthly fee, just revenue % share with them
Shocked

You have a high level of interest to launch your own casino but your skill and knowledge are not that high to materialize that goal, you still have to get the right idea on how to start but its good that you asked this to get an open and honest opinion, and my opinion and advice is to talk to professionals and white label distributors and game providers and see the best option with the budget range that you have, do a feasibility study talk to the right people and stakeholders, once you start and started investing you cannot go back.
But good luck with your venture.

romero121

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Quote from: decodx on February 12, 2023, 06:48:52 PM

Quote from: serjent05 on February 11, 2023, 06:02:08 PM

You need funds if you want to start your own full-blown crypto casino site. If you do not have enough funds, but have the ability and knowledge to set up an online casino you can always do crowdfunding to support you with the finances you need. There is two way in getting crowdfunded, you can use kickstart platforms or create your own token and sell them as an initial offering and give the holder part of the profit. If you are successful then you might be able to get the fund you needed for a gambling site.

Speaking of crowdfunding, I was wondering if any of the veterans here know of any gambling projects that started through crowdfunding and eventually became successful with the help of the community? I'd love to hear about any experiences or examples.

Not really, but such a platform will be sure success. Invest options over gambling platforms itself very rare option. As the house always have its edge, there won't be much of loss unless there is some security issue that can cause hack.

OP could try to learn and slowly develop something unique, maybe it can take time. But his work will be really a big learning and can turn to be a great success as he have well understood about the market and wants the independent market.

decodx

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Quote from: serjent05 on February 11, 2023, 06:02:08 PM

You need funds if you want to start your own full-blown crypto casino site. If you do not have enough funds, but have the ability and knowledge to set up an online casino you can always do crowdfunding to support you with the finances you need. There is two way in getting crowdfunded, you can use kickstart platforms or create your own token and sell them as an initial offering and give the holder part of the profit. If you are successful then you might be able to get the fund you needed for a gambling site.

Speaking of crowdfunding, I was wondering if any of the veterans here know of any gambling projects that started through crowdfunding and eventually became successful with the help of the community? I'd love to hear about any experiences or examples.

serjent05

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Quote from: capedbaldy on February 11, 2023, 06:40:27 PM

Quote from: serjent05 on February 11, 2023, 06:02:08 PM

You need funds if you want to start your own full-blown crypto casino site. If you do not have enough funds, but have the ability and knowledge to set up an online casino you can always do crowdfunding to support you with the finances you need. There is two way in getting crowdfunded, you can use kickstart platforms or create your own token and sell them as an initial offering and give the holder part of the profit. If you are successful then you might be able to get the fund you needed for a gambling site.

But getting crowdfunding is not as easy as imagined even though we have knowledge of developing casino projects and we have a good promotion strategy, it is very difficult for crowdfunding proposals to be verified on Kickstarter and releasing their own casino tokens will not be easy to get investors, casino altcoin projects are not very interested in investing.

Indeed it is hard, there is no easy way in getting funds so @OP should try his best to formulate a convincing roadmap to attract investors. Getting discouraged while not trying it will only make him miss one possible solution to the problem.

Quote from: klidex on February 12, 2023, 01:26:38 PM

Quote from: LUCKMCFLY on February 12, 2023, 08:00:32 AM

I know the feeling with new casinos will be that they may not have mandatory KYC, it's something all players will look for, but from what you've researched and what you've seen, do you think it's still easy? I say it from the point of view that whenever a casino without KYC is brought here in the forum, it is studied in depth, and something always comes up that doesn't add up, be it the issue of licenses or something similar, we all know that in order to have authenticity on a site licenses are needed, have you thought about how to deal with it? For me it is one of the essential things, but we all know that when acquiring licenses that give more authenticity and trust to the site, it will imply that you ask for KYC in the same way. I'm not sure, but if you look at freebitcoin they have their dice game, and it's been enough for that game to be one of the most famous sites ever since and they don't require KYC.

Indeed, a casino that does not require KYC requirements will be of interest to many gamblers, but actually it would be safer to use a casino that has KYC conditions because it is certain that we can be trusted and are definitely safe for us to use.
KYC itself is requested because the casino has been registered with the license they use and the importance of KYC is not only in the license but in the security of the casino itself so that there are no users who have problems such as money laundering or other things that can make the casino's reputation problematic because it is used. as a place for money laundering.
With KYC we can also avoid if one day there is a problem with the account that we have so that we can provide at least evidence of authenticity that the account is really ours if someone tries to hack and use our account.

It is always best to follow regulations. Giving in to the wants of some players and then get rekt by the regulatory board is a bad move, imo. It is best to start in a legit way if the owner wanted his casino free of regulatory issue.

klidex

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Quote from: LUCKMCFLY on February 12, 2023, 08:00:32 AM

I know the feeling with new casinos will be that they may not have mandatory KYC, it's something all players will look for, but from what you've researched and what you've seen, do you think it's still easy? I say it from the point of view that whenever a casino without KYC is brought here in the forum, it is studied in depth, and something always comes up that doesn't add up, be it the issue of licenses or something similar, we all know that in order to have authenticity on a site licenses are needed, have you thought about how to deal with it? For me it is one of the essential things, but we all know that when acquiring licenses that give more authenticity and trust to the site, it will imply that you ask for KYC in the same way. I'm not sure, but if you look at freebitcoin they have their dice game, and it's been enough for that game to be one of the most famous sites ever since and they don't require KYC.

Indeed, a casino that does not require KYC requirements will be of interest to many gamblers, but actually it would be safer to use a casino that has KYC conditions because it is certain that we can be trusted and are definitely safe for us to use.
KYC itself is requested because the casino has been registered with the license they use and the importance of KYC is not only in the license but in the security of the casino itself so that there are no users who have problems such as money laundering or other things that can make the casino's reputation problematic because it is used. as a place for money laundering.
With KYC we can also avoid if one day there is a problem with the account that we have so that we can provide at least evidence of authenticity that the account is really ours if someone tries to hack and use our account.

Kakmakr

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You are looking for the magic bullet or the genie in the bottle to grant your wishes.... if there was such services with zero fees and almost no overheads and maximum profit.... then everyone would be doing it.

You need a big startup capital to handle payouts and marketing and to cover the operating expenses.... and even the white label casinos are pricey and risky if you buy from the wrong people. Roll Eyes

bettercrypto

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Just from your title in this section, I immediately have a question for you, do you have enough money for you to build crypto gambling?

As most people here on this forum know, starting a crypto-gambling business cannot be done lightly. There are many things to consider to avoid problems in the end. Maybe later on, your intentions or motives are not good, or if they are good, you should find out what is needed for you to start well here.

Hamphser

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Quote from: maudo on February 11, 2023, 02:06:56 AM

i have two very good domains and im trying to collect as much info as i can about opening crypto gaming website that not require kyc and makes instant withdrawals.
First i was thinking about bitcoin crash game only - like bustabit but better, like adding bonuses and more crypto deposit and withdrawal options, more modem UI, But since im not a developer and can't write anything i want "like wake up in the morning and oh let's write best crypto exchange app" haha ,so i have to buy ready made script or hire developer and it would cost me thousands if not more

Later i stated to think about full casino scrip like win5x, but why my casino would be better than others? 0 reasons why. even Spribe Sales said that aviator game cost 5000eur + 3000eur every month, but casinos like cloudbet have 100s of these 3rd games, so that means to have some of these evolution, bgaming games i need to have prepared at least 150k usd + monthly payments ? i would prefer 0 monthly fee, just revenue % share with them
Shocked

Simply that you cant really be having those things that you do have in mind, come to think that you would really be needing up to pay for those providers or shall we say those monthly payments as part of expenses.
You cant really have that way on what you are thinking or preferring.When you are planning some crash games then aside from bustabit then we do have lots, your idea had already been saturated which means that
it is really that available on the market or not something new which means potential customers are less.

Cloudbet like? or any other. then it would really be a tough competition.Getting some part or on having that market share on which most casino platforms are really that thriving to achieve
or attain for.There's no way that you could go the easy and cheapest way.

cabron

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Quote from: virasisog on February 12, 2023, 09:22:57 AM

Quote from: robelneo on February 12, 2023, 08:43:31 AM

Quote from: maudo on February 11, 2023, 08:11:26 AM

Quote from: danherbias07 on February 11, 2023, 07:23:45 AM

Something unique might click to the mass but you will also have to be ready as it could not happen too.
It's risky and yet profitable if it does work. A new game, bonuses included, and events. Do consider the amount you will use for capital too, the budget that you are thinking of might go further if there will be people who would like to market the site on their blogs or popular people who have many followers on social media.
That's an addition to your expenses and there may be more unexpected fees that you have not seen yet while your project is starting. Just be ready.

Ok let's talk about crashino.com , they don't have license but casino itself is pretty awesome, to start project like this or even better, i must have about 250k USD ? or i can do it even with 20k USD?

$ 250k is pretty decent to launch a site like Crashino, but for $20k you'll encounter issues with marketing and the initial budget for payouts, when you are dedicated to launching your casino and you have a good roadmap, a good budget will give you the flexibility to get your site on top of the competition, you may have a plan on your own based on your study, but there will be unexpected events or issues that you need to resolve and it sometimes needs budget if you have the $250k and you are comfortable investing it, then go for it.

It's better to have enough budget to start up a casino. If you will limit your capital to $20K, I guess you could possibly encounter trouble in the future. It will be better if you'll have a spare budget for the continuous development of your casino. It will be costy to be hobest though you won't get a license. Launching and running a casino will cost you a lot so you have to be well-prepared right from the beginning.

The games alone as OP said cost $5000 I never thought it is that expensive and there is a monthly fee for it. Seem very costly to start a casino when some are just buying scripts for it.

But just as people are saying, the Casino business is always profitable as long as there will be lots of clients playing on it. So if you are just going to spend anyway to establish a casino, you better be prepared to spend a ton as well.

virasisog

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Quote from: robelneo on February 12, 2023, 08:43:31 AM

Quote from: maudo on February 11, 2023, 08:11:26 AM

Quote from: danherbias07 on February 11, 2023, 07:23:45 AM

Something unique might click to the mass but you will also have to be ready as it could not happen too.
It's risky and yet profitable if it does work. A new game, bonuses included, and events. Do consider the amount you will use for capital too, the budget that you are thinking of might go further if there will be people who would like to market the site on their blogs or popular people who have many followers on social media.
That's an addition to your expenses and there may be more unexpected fees that you have not seen yet while your project is starting. Just be ready.

Ok let's talk about crashino.com , they don't have license but casino itself is pretty awesome, to start project like this or even better, i must have about 250k USD ? or i can do it even with 20k USD?

$ 250k is pretty decent to launch a site like Crashino, but for $20k you'll encounter issues with marketing and the initial budget for payouts, when you are dedicated to launching your casino and you have a good roadmap, a good budget will give you the flexibility to get your site on top of the competition, you may have a plan on your own based on your study, but there will be unexpected events or issues that you need to resolve and it sometimes needs budget if you have the $250k and you are comfortable investing it, then go for it.

It's better to have enough budget to start up a casino. If you will limit your capital to $20K, I guess you could possibly encounter trouble in the future. It will be better if you'll have a spare budget for the continuous development of your casino. It will be costy to be hobest though you won't get a license. Launching and running a casino will cost you a lot so you have to be well-prepared right from the beginning.

goaldigger

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Quote from: ethereumhunter on February 12, 2023, 07:50:28 AM

Quote from: capedbaldy on February 11, 2023, 06:40:27 PM

Quote from: serjent05 on February 11, 2023, 06:02:08 PM

You need funds if you want to start your own full-blown crypto casino site. If you do not have enough funds, but have the ability and knowledge to set up an online casino you can always do crowdfunding to support you with the finances you need. There is two way in getting crowdfunded, you can use kickstart platforms or create your own token and sell them as an initial offering and give the holder part of the profit. If you are successful then you might be able to get the fund you needed for a gambling site.

But getting crowdfunding is not as easy as imagined even though we have knowledge of developing casino projects and we have a good promotion strategy, it is very difficult for crowdfunding proposals to be verified on Kickstarter and releasing their own casino tokens will not be easy to get investors, casino altcoin projects are not very interested in investing.

If he can provide more detailed information during crowdfunding, some investors may believe him, especially if they can get together in one place to discuss what needs to be done to launch the casino. This is a matter of trust that must be obtained by one or several potential investors so that they want to invest their money in the casino project and it takes work to gain an investor's trust. But if some investors believe in the project and want to give their money as an investment, it means that the casino's team must work hard to realize every plan they have made.

Crowdfunding might not be a good idea since they will have control over the site so I think its good to have an investors that is close to OP and few people who are interested to support his ideas, going into a public sourcing its quiet risky and it will become a community owned site which is still fine as long as it works on a good network. OP is pretty good with the casinos script and I believe he knows what he is doing, he might need a little help when it comes to operating the site and the best possible option is to find someone within your circle and work together, capital will be the main issue here.

Mr. Magkaisa

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Quote from: ethereumhunter on February 12, 2023, 07:50:28 AM

Quote from: capedbaldy on February 11, 2023, 06:40:27 PM

Quote from: serjent05 on February 11, 2023, 06:02:08 PM

You need funds if you want to start your own full-blown crypto casino site. If you do not have enough funds, but have the ability and knowledge to set up an online casino you can always do crowdfunding to support you with the finances you need. There is two way in getting crowdfunded, you can use kickstart platforms or create your own token and sell them as an initial offering and give the holder part of the profit. If you are successful then you might be able to get the fund you needed for a gambling site.

But getting crowdfunding is not as easy as imagined even though we have knowledge of developing casino projects and we have a good promotion strategy, it is very difficult for crowdfunding proposals to be verified on Kickstarter and releasing their own casino tokens will not be easy to get investors, casino altcoin projects are not very interested in investing.

If he can provide more detailed information during crowdfunding, some investors may believe him, especially if they can get together in one place to discuss what needs to be done to launch the casino. This is a matter of trust that must be obtained by one or several potential investors so that they want to invest their money in the casino project and it takes work to gain an investor's trust. But if some investors believe in the project and want to give their money as an investment, it means that the casino's team must work hard to realize every plan they have made.

- Crowdfunding??? Isn't this the time when it was used in the start-up project in cryptocurrency in 2017? I think I agree with this approach. The only important thing is that Op be transparent in what he will do and he should also inform his community about this matter, and above all the whitepaper you will make should be attractive so that potential investors will not think about supporting you in these plans.

robelneo

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Quote from: maudo on February 11, 2023, 08:11:26 AM

Quote from: danherbias07 on February 11, 2023, 07:23:45 AM

Something unique might click to the mass but you will also have to be ready as it could not happen too.
It's risky and yet profitable if it does work. A new game, bonuses included, and events. Do consider the amount you will use for capital too, the budget that you are thinking of might go further if there will be people who would like to market the site on their blogs or popular people who have many followers on social media.
That's an addition to your expenses and there may be more unexpected fees that you have not seen yet while your project is starting. Just be ready.

Ok let's talk about crashino.com , they don't have license but casino itself is pretty awesome, to start project like this or even better, i must have about 250k USD ? or i can do it even with 20k USD?

$ 250k is pretty decent to launch a site like Crashino, but for $20k you'll encounter issues with marketing and the initial budget for payouts, when you are dedicated to launching your casino and you have a good roadmap, a good budget will give you the flexibility to get your site on top of the competition, you may have a plan on your own based on your study, but there will be unexpected events or issues that you need to resolve and it sometimes needs budget if you have the $250k and you are comfortable investing it, then go for it.

LUCKMCFLY

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Quote from: maudo on February 11, 2023, 02:06:56 AM

i have two very good domains and im trying to collect as much info as i can about opening crypto gaming website that not require kyc and makes instant withdrawals.
First i was thinking about bitcoin crash game only - like bustabit but better, like adding bonuses and more crypto deposit and withdrawal options, more modem UI, But since im not a developer and can't write anything i want "like wake up in the morning and oh let's write best crypto exchange app" haha ,so i have to buy ready made script or hire developer and it would cost me thousands if not more

Later i stated to think about full casino scrip like win5x, but why my casino would be better than others? 0 reasons why. even Spribe Sales said that aviator game cost 5000eur + 3000eur every month, but casinos like cloudbet have 100s of these 3rd games, so that means to have some of these evolution, bgaming games i need to have prepared at least 150k usd + monthly payments ? i would prefer 0 monthly fee, just revenue % share with them
Shocked

I know the feeling with new casinos will be that they may not have mandatory KYC, it's something all players will look for, but from what you've researched and what you've seen, do you think it's still easy? I say it from the point of view that whenever a casino without KYC is brought here in the forum, it is studied in depth, and something always comes up that doesn't add up, be it the issue of licenses or something similar, we all know that in order to have authenticity on a site licenses are needed, have you thought about how to deal with it? For me it is one of the essential things, but we all know that when acquiring licenses that give more authenticity and trust to the site, it will imply that you ask for KYC in the same way. I'm not sure, but if you look at freebitcoin they have their dice game, and it's been enough for that game to be one of the most famous sites ever since and they don't require KYC.

ethereumhunter

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Quote from: capedbaldy on February 11, 2023, 06:40:27 PM

Quote from: serjent05 on February 11, 2023, 06:02:08 PM

You need funds if you want to start your own full-blown crypto casino site. If you do not have enough funds, but have the ability and knowledge to set up an online casino you can always do crowdfunding to support you with the finances you need. There is two way in getting crowdfunded, you can use kickstart platforms or create your own token and sell them as an initial offering and give the holder part of the profit. If you are successful then you might be able to get the fund you needed for a gambling site.

But getting crowdfunding is not as easy as imagined even though we have knowledge of developing casino projects and we have a good promotion strategy, it is very difficult for crowdfunding proposals to be verified on Kickstarter and releasing their own casino tokens will not be easy to get investors, casino altcoin projects are not very interested in investing.

If he can provide more detailed information during crowdfunding, some investors may believe him, especially if they can get together in one place to discuss what needs to be done to launch the casino. This is a matter of trust that must be obtained by one or several potential investors so that they want to invest their money in the casino project and it takes work to gain an investor's trust. But if some investors believe in the project and want to give their money as an investment, it means that the casino's team must work hard to realize every plan they have made.

CoinEraser

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Quote from: Fivestar4everMVP on February 11, 2023, 05:17:04 PM

Well, I think it is possible to run a Casino from one country while it is registered in another country, I am not 100 percent sure, I stand to be corrected, but i think operating a no kyc casino is only possible for a short period of time, no matter the country where it is being operated from, running a no kyc casino simply means that the casino is not registered and unlicensed, operating such a casino can be possible for a few years, before authorities come heavy after you, most especially if the casino has grown so big and popular.

This is why we see some casinos start out as a no kyc casino, but along the way, they suddenly start requesting kyc verification from their users.

Ah okay. I assumed that this is not so easy to do. Thank you for this correction. What you write makes sense and I think you will be right.

capedbaldy

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Quote from: serjent05 on February 11, 2023, 06:02:08 PM

You need funds if you want to start your own full-blown crypto casino site. If you do not have enough funds, but have the ability and knowledge to set up an online casino you can always do crowdfunding to support you with the finances you need. There is two way in getting crowdfunded, you can use kickstart platforms or create your own token and sell them as an initial offering and give the holder part of the profit. If you are successful then you might be able to get the fund you needed for a gambling site.

But getting crowdfunding is not as easy as imagined even though we have knowledge of developing casino projects and we have a good promotion strategy, it is very difficult for crowdfunding proposals to be verified on Kickstarter and releasing their own casino tokens will not be easy to get investors, casino altcoin projects are not very interested in investing.

CryptSafe

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Quote from: Fivestar4everMVP on February 11, 2023, 05:17:04 PM

Quote from: CoinEraser on February 11, 2023, 05:06:50 PM

One must also take into account the gambling rules of the country where one wants to open the casino. It is certainly not possible to open an online casino without KYC everywhere. You should therefore inform yourself about these rules beforehand so that you do not have any problems afterwards. Wink

Well, I think it is possible to run a Casino from one country while it is registered in another country, I am not 100 percent sure, I stand to be corrected, but i think operating a no kyc casino is only possible for a short period of time, no matter the country where it is being operated from, running a no kyc casino simply means that the casino is not registered and unlicensed, operating such a casino can be possible for a few years, before authorities come heavy after you, most especially if the casino has grown so big and popular.

This is why we see some casinos start out as a no kyc casino, but along the way, they suddenly start requesting kyc verification from their users.

You are correct mate. I think kyc and license goes a long way because getting license to operate means your identity is recognized by the government as they are the only institution permitted to issuing out license to operate but I believe this you can not get license from a country and be operating from another country. It does not sound alright. Each country have their own laws governing them and if I may ask, do the both countries as you have said have the same rate of tax payment? Do they operate on the same laws? And lastly, why do you get registered in another country before you operate there irrespective of the fact that you have already done such in your own country of origin. So therefore that idea of getting license in s country and running your casino in another country is not feasible.
Then for kyc, it has been the trick of casinos to entice members to register deposit,play and winning to withdraw is there the problem begins. They will be requesting for all your documents and at the end they will still not poo pay you instead one cooked up story about to our account will be released so as to avoid paying you.

serjent05

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You need funds if you want to start your own full-blown crypto casino site. If you do not have enough funds, but have the ability and knowledge to set up an online casino you can always do crowdfunding to support you with the finances you need. There is two way in getting crowdfunded, you can use kickstart platforms or create your own token and sell them as an initial offering and give the holder part of the profit. If you are successful then you might be able to get the fund you needed for a gambling site.

Topic: STARTING OWN CRYPTO GAMBLING SITE - page 21. (Read 3072 times)