The Rise of Crypto Gambling: What You Need to Know - page 4.

Docnaster

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Quote from: Wiwo on July 21, 2023, 06:57:48 PM

Quote from: Dunamisx on July 21, 2023, 09:57:56 AM

Ever since the introduction of cryptocurrency, gambling platforms have also switched their operations requirements with making crypto deposit for gambling stake by creating users with online gambling wallet after their registration, they could hold this volatile cryptocurrencies in those accounts and use their fund to gamble anytime they so wish, in so doing this, their coins remains an asset being on the wallet because it can increase whenever the crypto market rises, gamblers now prefer cryptocurrency gambling whereby some developers have also invented their crypto coin their platform could support among others, in which this has made gambling more easier than before to enjoy.

I agree with you because the gambling industry is one of the biggest cryptocurrency adopters and its players have constantly engaged in carrying out transactions in cryptocurrencies which has given them the freedom to make faster transactions without haven't to go through the third-party system that is opposed by the traditional financial systems and coupled with the 2019 covid lock down that have made many gamblers to adopt online casinos that offers cryptocurrency features.

And the coming of the web3 metaverse that has gaming i-gaming experience to transform in a whole new way with contemporary development and advancement aided by blockchain technologies.

Gambling industry is that one industry that has adopted cryptocurrency without reserves.
Also cryptocurrency has helped to advance the gambling industry.
This made it possible for people in different country to be able to gamble in casinos that are in other countries that do not share the same currency. Cryptocurrency is universal and it's important is seeing in the gambling companies even with little fees anyone can be able to gamble with any type of cryptocurrency and withdraw their money at ease, in the comfort of their home.
No wonder many people see cryptocurrency to be a brother to gambling because it looks almost alike and work together

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Quote from: Chikito on July 21, 2023, 09:05:14 PM

Quote from: Freedom4All on July 19, 2023, 01:43:45 PM

They understand how to enable a VPN and how to send and receive BTC, but that's the extent of their knowledge,

In this case, you don't have to burden it on the casino you have endorsed. You have to give additional knowledge to your site on FAQ, or TOC because Casino only offers the games, so for other technical matters you have to explain on your site in detail how to play using BTC. This matter often occurs, and always blame it on the casino, where in fact you brought them, on this matter, you have to responsibility to teach your audience before ready to enter the casino you have endorsed.

Yes, that's right. Most people who have sites like that, for example reviews for gambling, sometimes they just want money from sponsors but don't want to pay attention to their audience, let alone take advantage of money from audience traffic, obviously that is something wrong to straighten out, therefore it is the site owner's job to teach his audience to understand something that is prohibited in casinos as well as how to prevent it.

It's not only limited to understanding how to play gambling, making deposits and then withdrawing money, because even small children can do that easily, things that they think can be problematic should be explained to the audience so they don't have problems in the future. because it is important to give a good lead to the audience.

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Quote from: Mr. Magkaisa on July 21, 2023, 10:40:22 AM

Quote from: maydna on July 21, 2023, 09:03:40 AM

~snip~

- Then I can just add mate, most gamblers in the crypto space seem to have gotten used to submitting kyc to a casino because of the money they can win on the platform. just in case they get lucky in gambling.

Maybe there are only a few who are not in favor of KYC or they didn't read the toss about this matter right away so that's why. but anyway, I hope that our documents that we pass to the crypto casinos we trust are in good condition.

They know that sending KYC to the casino won't give them any problems withdrawing the money, and they can see the process will be fast. And the casino also won't ask for various things that can delay the withdrawal process because the casino also has to check the account. And by doing KYC, their account can be verified properly, and the casino won't have a problem if they want to withdraw large winnings because there is no suspicion whatsoever about their account.

But it's true that we have to be able to choose a trusted casino if we want to do KYC so that the casino can properly guard the data we provide. We also don't want to see our data later misused by shady casinos.

Chikito

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Quote from: Freedom4All on July 19, 2023, 01:43:45 PM

They understand how to enable a VPN and how to send and receive BTC, but that's the extent of their knowledge,

In this case, you don't have to burden it on the casino you have endorsed. You have to give additional knowledge to your site on FAQ, or TOC because Casino only offers the games, so for other technical matters you have to explain on your site in detail how to play using BTC. This matter often occurs, and always blame it on the casino, where in fact you brought them, on this matter, you have to responsibility to teach your audience before ready to enter the casino you have endorsed.

Wiwo

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Quote from: Dunamisx on July 21, 2023, 09:57:56 AM

Ever since the introduction of cryptocurrency, gambling platforms have also switched their operations requirements with making crypto deposit for gambling stake by creating users with online gambling wallet after their registration, they could hold this volatile cryptocurrencies in those accounts and use their fund to gamble anytime they so wish, in so doing this, their coins remains an asset being on the wallet because it can increase whenever the crypto market rises, gamblers now prefer cryptocurrency gambling whereby some developers have also invented their crypto coin their platform could support among others, in which this has made gambling more easier than before to enjoy.

I agree with you because the gambling industry is one of the biggest cryptocurrency adopters and its players have constantly engaged in carrying out transactions in cryptocurrencies which has given them the freedom to make faster transactions without haven't to go through the third-party system that is opposed by the traditional financial systems and coupled with the 2019 covid lock down that have made many gamblers to adopt online casinos that offers cryptocurrency features.

And the coming of the web3 metaverse that has gaming i-gaming experience to transform in a whole new way with contemporary development and advancement aided by blockchain technologies.

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Quote from: Mr.suevie on July 21, 2023, 06:00:06 PM

Quote from: komisariatku on July 21, 2023, 03:11:56 PM

I honestly don't know what you really mean. Maybe you promote your gambling site? I think you should provide a better explanation about crypro casino so it's more interesting and maybe someone is interested in clicking on the link you provided

But little I understand from your question. Maybe you just explained about the advantages of crypto casinos in terms of kyc. Yes, we love crypto gambling sites that don't require kyc, and crypto casinos make it easier when they accept crypto deposit and withdrawal systems. However, not all gambling sites that use the crypto system do not require kyc, some still require kyc.

But if deposit using bitcoin, I don't really like it. Bitcoin takes a lot of time for network confirmation. I prefer using tron because the deposit process can be done instantly and the transaction fee is also cheap

The non kyc feature in most casino now is starting to clear up and these crypto casino now seem to adding new TOS to their service stipulating and mandating the use of KYC and this is very bad because most gambler are attracted to these major casino just because of the non kyc function they provide. Non kyc casino are very good and also reliable.

I am interested to learn how you came to the conclusion that non kyc casinos are good and reliable, and by this, are you now saying that casinos that have made kyc verification mandatory are no longer good and reliable?

Well, all I have to say is that, we or you don't have to come to such a conclusion in such a hurry, how about first trying to find out reason behind why this casinos that used to be non kyc are now turning their tables and are becoming kyc compliant, trust me, if you own a casino, maybe you will understand that casino that are not non kyc will be very limited in their operations, any attempt to expand without being complaint to the laws of the jurisdictions they are expanding to, will only bring down the wrath of the law on them.

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Quote from: Mr.suevie on July 21, 2023, 06:00:06 PM

Quote from: komisariatku on July 21, 2023, 03:11:56 PM

I honestly don't know what you really mean. Maybe you promote your gambling site? I think you should provide a better explanation about crypro casino so it's more interesting and maybe someone is interested in clicking on the link you provided

But little I understand from your question. Maybe you just explained about the advantages of crypto casinos in terms of kyc. Yes, we love crypto gambling sites that don't require kyc, and crypto casinos make it easier when they accept crypto deposit and withdrawal systems. However, not all gambling sites that use the crypto system do not require kyc, some still require kyc.

But if deposit using bitcoin, I don't really like it. Bitcoin takes a lot of time for network confirmation. I prefer using tron because the deposit process can be done instantly and the transaction fee is also cheap

The non kyc feature in most casino now is starting to clear up and these crypto casino now seem to adding new TOS to their service stipulating and mandating the use of KYC and this is very bad because most gambler are attracted to these major casino just because of the non kyc function they provide. Non kyc casino are very good and also reliable.

Sooner or later everything would really be regulated on which there would really be those inevitable change when it comes to KYC on which its not really that something on having like this.We know that regulation

comes even more stricter and on something like this on which we do know that it do really have that engaging with huge money involved then it would be normal that they would really be making involvement.
They cant really just let it slip when it comes on imposing regulations and other laws which these businesses wont really be having no choice but to comply on whats been asked if they do really want for their business to continue.We know that gambling itself is a profitable industry and we've been into those traditional ones and now that crypto had flourished out then we do have that crypto gambling space
on which it did become even more rampant considering that every gambler does have their identity hidden or simply being anonymous and due to the fact that we do really give out that kind of
importance then it do really give out that significant recognition.

Mr.suevie

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Quote from: komisariatku on July 21, 2023, 03:11:56 PM

I honestly don't know what you really mean. Maybe you promote your gambling site? I think you should provide a better explanation about crypro casino so it's more interesting and maybe someone is interested in clicking on the link you provided

But little I understand from your question. Maybe you just explained about the advantages of crypto casinos in terms of kyc. Yes, we love crypto gambling sites that don't require kyc, and crypto casinos make it easier when they accept crypto deposit and withdrawal systems. However, not all gambling sites that use the crypto system do not require kyc, some still require kyc.

But if deposit using bitcoin, I don't really like it. Bitcoin takes a lot of time for network confirmation. I prefer using tron because the deposit process can be done instantly and the transaction fee is also cheap

The non kyc feature in most casino now is starting to clear up and these crypto casino now seem to adding new TOS to their service stipulating and mandating the use of KYC and this is very bad because most gambler are attracted to these major casino just because of the non kyc function they provide. Non kyc casino are very good and also reliable.

Wiwo

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Quote from: Fivestar4everMVP on July 21, 2023, 02:41:41 AM

In terms of privacy and information sharing, with the current development, we are right now where majorly every online crypto gambling casino are beginning to make KYC verification mandatory, I would say that traditional and online crypto casinos are almost the same thing, since through the KYC, they can now own customers details like address, phone number, document identification numbers, picture and so on, and the bad eggs amongst this casinos might also decide to sell this information to third parties if they so wish.

The one major advantage of online crypto casinos that will forever remain most significant is in the area of deposit and withdrawals, crypto deposits and withdrawals to and from online gambling casinos will always be faster than that of traditional casinos.

Yes, you are right in everything that you have said in the comment because with the AML policy of licensing it has become hard to separate online cryptocurrency casinos from the traditional casinos that we have around because privacy is now gone from crypto casinos and also a lot of problems and demands that we're not available with online casinos are now becoming a mandatory procedure to operates an account with them.

At this point, we find it hard to truly draw a line between traditional casinos and cryptocurrency online casinos, because centralized casinos are becoming the most prominent and mandating players to follow the traditional procedures even the deposits and withdrawal.

komisariatku

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I honestly don't know what you really mean. Maybe you promote your gambling site? I think you should provide a better explanation about crypro casino so it's more interesting and maybe someone is interested in clicking on the link you provided

But little I understand from your question. Maybe you just explained about the advantages of crypto casinos in terms of kyc. Yes, we love crypto gambling sites that don't require kyc, and crypto casinos make it easier when they accept crypto deposit and withdrawal systems. However, not all gambling sites that use the crypto system do not require kyc, some still require kyc.

But if deposit using bitcoin, I don't really like it. Bitcoin takes a lot of time for network confirmation. I prefer using tron because the deposit process can be done instantly and the transaction fee is also cheap

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Quote from: dothebeats on July 19, 2023, 07:59:05 PM

I'm not quite sure about our information being more secure in crypto casinos. There's tons of leaks and data breaches happening daily, and some of them include crypto casino accounts, personal information, etc. I guess, what crypto gambling really brought forth to the table is its ease of access and overall ease of registration and getting KYC-accepted. Apart from that, I don't see anything that crucial which separates fiat online casinos from crypto casinos, at least at this point in time.

If a casino ask a KYC then it wasn't hassle free anymore. This can also make our experience worrisome because like you said earlier, what if a data leak happens? But it's not a big deal if our wallet address and username is going to get leaked because they can't do much about it especially if we are using a new wallet address from time to time.

The real thing that crypto gambling brought to the table is anonymity but it is slowly being ruined by the regulations. Another thing that separates the fiat from crypto casinos are the games and providers available. One can be found in the other but the other can't be. There are only imitations but nothing still beats the original.

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I think publicity has outgrown after the covid situation only. I am not pointing anything related to covid here but before that period most of the casinos were not having sports betting section. Only the popular one had this section. There was sudden rise in the sports betting section on every other casino website. Not only this, it was mandatory for the casinos to add it on their site because it’s now new competition. That makes sense for the obvious reason as they would end up losing lot of users if they don’t add it. Moreover, having two different sections of betting gives user excellent user experience. I think they should add by default all the time.

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Quote from: maydna on July 21, 2023, 09:03:40 AM

Quote from: Fivestar4everMVP on July 21, 2023, 02:41:41 AM

In terms of privacy and information sharing, with the current development we are right now where majorly every online crypto gambling casinos are beginning to make kyc verification mandatory, i would say that traditional and online crypto casinos are almost the same thing, since through the kyc, they can now own customers details like address, phone number, document identification numbers, picture and so on, and the bad eggs amongst this casinos might also decide to sell this information to third parties if they so wish.

The one major advantage of online crypto casinos that will forever remain most significant is in the area of deposit and withdrawals, crypto deposits and withdrawals to and from online gambling casinos will always be faster than that of traditional casinos.

It is no different today, and this is a limitation that crypto gamblers have to accept in playing gambling in crypto casinos. Crypto gamblers have now begun to be asked to do KYC by many casinos, although some still have not implemented it strictly. Hopefully, the documents submitted by the members can be properly guarded by these casinos and not hacked by hackers.

Another advantage is that we can play gambling at any casino without anyone knowing, especially if we don't tell our gambling activities to other people.

- Then I can just add mate, most gamblers in the crypto space seem to have gotten used to submitting kyc to a casino because of the money they can win on the platform. just in case they get lucky in gambling.

Maybe there are only a few who are not in favor of KYC or they didn't read the toss about this matter right away so that's why. but anyway, I hope that our documents that we pass to the crypto casinos we trust are in good condition.

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Quote from: Dunamisx on July 21, 2023, 09:57:56 AM

Ever since the introduction of cryptocurrency, gambling platforms have also switched their operations requirements with making crypto deposit for gambling stake by creating users with online gambling wallet after their registration, they could hold this volatile cryptocurrencies in those accounts and use their fund to gamble anytime they so wish, in so doing this, their coins remains an asset being on the wallet because it can increase whenever the crypto market rises, gamblers now prefer cryptocurrency gambling whereby some developers have also invented their own crypto coin their platform could support among others, in which this has made gambling more easier than before to enjoy.

It's two fold, it can either go down or go up, bear and bull market, and so it's not always favor crypto based casino. But for us gamblers, it's very easily early on, we just need a wallet address for deposit and withdrawal and that's it.

Not there are KYC's to be send just to be able to withdraw. So it become so complicated for us. But I guess we love crypto based casinos that we still go and continue to play with top tier casino and enjoy whether the price goes down or we have a bull run.

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Quote from: Dunamisx on July 21, 2023, 09:57:56 AM

Ever since the introduction of cryptocurrency, gambling platforms have also switched their operations requirements with making crypto deposit for gambling stake by creating users with online gambling wallet after their registration, they could hold this volatile cryptocurrencies in those accounts and use their fund to gamble anytime they so wish, in so doing this, their coins remains an asset being on the wallet because it can increase whenever the crypto market rises, gamblers now prefer cryptocurrency gambling whereby some developers have also invented their own crypto coin their platform could support among others, in which this has made gambling more easier than before to enjoy.

Yes, you are right, crypto gambling is easier now, especially during the Covid pandemic in 2020 where online gambling traffic was in great demand, including casinos that support crypto because it is easier for people to use crypto for gambling transactions compared to using bank accounts, let alone land-based casinos, online casinos. Those who use crypto are in great demand today because they make it easy for their users to gamble.

Maybe previously crypto casinos weren't too attractive when covid casinos that used crypto rose again because the gambling platform would be very easy to use at that time just using a mobile browser without having to use a laptop or PC, since then until now I enjoy gambling more because only gambling allows me to have fun onlinel.

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Ever since the introduction of cryptocurrency, gambling platforms have also switched their operations requirements with making crypto deposit for gambling stake by creating users with online gambling wallet after their registration, they could hold this volatile cryptocurrencies in those accounts and use their fund to gamble anytime they so wish, in so doing this, their coins remains an asset being on the wallet because it can increase whenever the crypto market rises, gamblers now prefer cryptocurrency gambling whereby some developers have also invented their own crypto coin their platform could support among others, in which this has made gambling more easier than before to enjoy.

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Quote from: nitrobetting on July 19, 2023, 01:02:55 PM

~Snipped

We currently don't have a lot of gambling outfits that don't have centralized components. For instance, most gambling firms in crypto today are no different from traditional gambling outfits other than the fact that they have support for crypto. The same procedures with traditional gambling companies apply when you might be asked to provide KYC data from time to time or your winnings can be forfeited in cases where they don't deem it fit for you to get those winners. Yes, Bitcoin is the next big thing and you can benefit from it without being a gambling so that's a benefit that isn't unique to gambling.

I envision a future in crypto gambling where members / users of the platform would have a say on core functions rather than relinquishing all powers to the owners from the moment the compete their registration.

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Quote from: nitrobetting on July 19, 2023, 01:02:55 PM

Your information is more secure

There's less information required when opening an account on crypto sportsbooks but that doesn't mean our information is more secure than traditional sportsbooks. Nowadays, more crypto sportsbooks can now require some form of KYC. They're slowly moving to the same side of the traditional sportsbooks as they update their terms and conditions.

Quote from: tusandii on July 21, 2023, 03:46:29 AM

In addition to the advantages of faster deposits and withdrawals, in crypto casinos we can also be calm when we win big because no one else will know about it.

Not always, because some casinos will try to post some of the big wins that appear on the high-roller betting feed.

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Quote from: Fivestar4everMVP on July 21, 2023, 02:41:41 AM

In terms of privacy and information sharing, with the current development we are right now where majorly every online crypto gambling casinos are beginning to make kyc verification mandatory, i would say that traditional and online crypto casinos are almost the same thing, since through the kyc, they can now own customers details like address, phone number, document identification numbers, picture and so on, and the bad eggs amongst this casinos might also decide to sell this information to third parties if they so wish.

The one major advantage of online crypto casinos that will forever remain most significant is in the area of deposit and withdrawals, crypto deposits and withdrawals to and from online gambling casinos will always be faster than that of traditional casinos.

It is no different today, and this is a limitation that crypto gamblers have to accept in playing gambling in crypto casinos. Crypto gamblers have now begun to be asked to do KYC by many casinos, although some still have not implemented it strictly. Hopefully, the documents submitted by the members can be properly guarded by these casinos and not hacked by hackers.

Another advantage is that we can play gambling at any casino without anyone knowing, especially if we don't tell our gambling activities to other people.

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Quote from: Fivestar4everMVP on July 21, 2023, 02:41:41 AM

In terms of privacy and information sharing, with the current development we are right now where majorly every online crypto gambling casinos are beginning to make kyc verification mandatory, i would say that traditional and online crypto casinos are almost the same thing, since through the kyc, they can now own customers details like address, phone number, document identification numbers, picture and so on, and the bad eggs amongst this casinos might also decide to sell this information to third parties if they so wish.

The one major advantage of online crypto casinos that will forever remain most significant is in the area of deposit and withdrawals, crypto deposits and withdrawals to and from online gambling casinos will always be faster than that of traditional casinos.

All of this is done for the sake of maintaining the security of the casino and also the gamblers themselves so that when a problem occurs the casino can solve it faster and better.
In the future, believe that all gambling industries will definitely implement KYC for all their customers and for now there are already several casinos that have implemented KYC even though they previously stated that they operate non-KYC.
If we are still unsure and afraid it is better to use a casino that really has a good reputation and is trusted to avoid unwanted actions such as leaking our data information or selling data on the black market.

In addition to the advantages of faster deposits and withdrawals, in crypto casinos we can also be calm when we win big because no one else will know about it.

Topic: The Rise of Crypto Gambling: What You Need to Know - page 4. (Read 885 times)