The Rise of Crypto Gambling: What You Need to Know - page 6.

Mr.suevie

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Quote from: komisariatku on July 21, 2023, 02:11:56 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.

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Quote from: Fivestar4everMVP on July 21, 2023, 01:41:41 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

Webetcoins

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Quote from: dothebeats on July 19, 2023, 06:59:05 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.

so98nn

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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.

Mr. Magkaisa

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Quote from: maydna on July 21, 2023, 08:03:40 AM

Quote from: Fivestar4everMVP on July 21, 2023, 01:41:41 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.

Dave1

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Quote from: Dunamisx on July 21, 2023, 08:57:56 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.

piebeyb

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Quote from: Dunamisx on July 21, 2023, 08:57:56 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.

Dunamisx

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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.

nelson4lov

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Quote from: nitrobetting on July 19, 2023, 12:02:55 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.

ralle14

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Quote from: nitrobetting on July 19, 2023, 12:02:55 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, 02:46:29 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.

maydna

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Quote from: Fivestar4everMVP on July 21, 2023, 01:41:41 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.

tusandii

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Quote from: Fivestar4everMVP on July 21, 2023, 01:41:41 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.

Fivestar4everMVP

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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.

piebeyb

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Quote from: Mr. Magkaisa on July 20, 2023, 10:21:17 AM

Quote from: dothebeats on July 19, 2023, 06:59:05 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.

- I only gamble once in a while, I only gamble about thrice a month, but even so, I haven't faced any problem with gambling during the times that I have time to gamble.

Even when withdrawing what I won from the casino in the withdrawal transaction, I didn't have any problems, maybe the longest time I waited was around 10hrs but it still arrived at the wallet destination I put.

I think it's good if you are able to control yourself playing at the time you specify and have a little time to gamble, unlike others where people who are not controlled always play gambling spending money and time looking for victory especially playing at crypto casinos, I also do the same thing where I control myself to gamble when I want, so I know when to gamble and when to stop.

So far, reputable and large crypto casinos always provide withdrawal and even deposit processing services automatically and quickly, although occasionally you will find manual withdrawals usually take time to prevent fraud and money laundering so it is necessary to check user withdrawals. usually takes a few hours as you said

Mr. Magkaisa

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Quote from: dothebeats on July 19, 2023, 06:59:05 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.

- I only gamble once in a while, I only gamble about thrice a month, but even so, I haven't faced any problem with gambling during the times that I have time to gamble.

Even when withdrawing what I won from the casino in the withdrawal transaction, I didn't have any problems, maybe the longest time I waited was around 10hrs but it still arrived at the wallet destination I put.

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Quote from: CryptSafe on July 20, 2023, 05:41:24 AM

Quote from: Kakmakr on July 20, 2023, 02:31:22 AM

The things.... most casinos implement KYC verification at some time, so your pseudo-anonymity are short lived. Just look at Freebitco.in and their latest announcement that they now require verification of their accounts. Roll Eyes

(This is one of the oldest Crypto casinos in the industry and they now bend the knee before the regulators)

Also.... most people use Crypto exchanges and these exchanges require full verification... so they destroy all pseudo-anonymity that you have with Crypto currencies. Roll Eyes

At first when they launch, they say kyc free to get traffic to their casino and many gamblers flood their casino to get registered with them and they make huge record of traffic flow coupled with huge revenue generation at then they hide their license and tell the masses that they are decentralized with all form of sincerity and truly they are but as time goes on when they have started gaining the desired reputation and everything perfectly working well as according to their plans, they start or update their policies from kyc free to compulsory kyc before withdrawal. This is how it goes and keep repeating itself with other new casinos. So no need for pseudo-anonymity when ever you want to register with a casino or an exchange. Always have it in mind that even if the casino or exchange tells you to register without kyc, in the long run they would definitely tell you to do your kyc when they have fully reach their target. That is the current trend now I noticed.

There are many ways casino had been gaining traffic to there casinos mostly especially when they are just new in the gambling industry. They will make different promises that there casinos are KYC free with big bonus for gamblers.

Sometimes when they keep gaining consistent profits from the customers which are the players and gamblers, there casinos' terms and conditions will be amended limiting some kind of benefits that gamblers would enjoy from using the casinos since they know that they have large numbers of customers using there service everyday making them more confident that if they alter any of there terms even with a little strictness, gamblers are still going to use there service and bet on there platform.

This is a tricky strategy that many companies donuse to gain the heart of there customers establishing a bonus and simple medium that will make more people to use there product without bordering on later changes. If we keep using a casino that was giving us what we want and we don't get those benefits we use to get from the casino, we can easily leave it and look for a more better one that will suit our need and the kind of services or games we are looking for with ease.

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Quote from: btc_angela on July 20, 2023, 02:00:12 AM

I think crypto based casinos are already popular even before the pandemic. It's that it was highlighted during that time as we don't have our land based casinos as obviously it is closed. They try to open their own version of online casinos though, but crypto based has taken the reign that time and it grows over the next 2 years as there are casinos popping up and then the competition.

So for the whole KYC and other mandated by regulators, its has been there since 2017, after the bull run. It's just that the pandemic really put the spotlight on us and so we have to comply.

It may be popular in some countries, especially for countries allowing citizens to use crypto. But for other countries, they haven't allowed it. And when the pandemic hit, when almost all countries implemented a lockdown for all their citizens, local gamblers who couldn't visit physical casinos looked for replacements through websites and social media. Finally, they saw a crypto casino site where it didn't take them long to understand how the process works.

After the 2017 bull run, the popularity of crypto casinos increased and peaked in the year the pandemic started to hit many countries. And that's what makes crypto casinos even more popular now.

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It's the now and the future of gambling.
Cryptocurrencies + gambling either casino or sports betting is equal to having a gambler who would just need to sit tight in front of the computer and relax all day.
Security? It's given by using Bitcoin as the main currency to bet. I guess it's just on the gambling site's part if they are reputable enough to trust our money to deposit in it.
Today, it's still growing, I can see many online players in my favorite casino and sports bookie. Just yesterday when an error happened, it's like chaos in the chatbox with all the mad players wanting to play continuously and doesn't want to be interrupted. I think in more decade a great advancement will happen and Bitcoin will still be part of it.

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Quote from: CryptSafe on July 20, 2023, 05:41:24 AM

Quote from: Kakmakr on July 20, 2023, 02:31:22 AM

The things.... most casinos implement KYC verification at some time, so your pseudo-anonymity are short lived. Just look at Freebitco.in and their latest announcement that they now require verification of their accounts. Roll Eyes

(This is one of the oldest Crypto casinos in the industry and they now bend the knee before the regulators)

Also.... most people use Crypto exchanges and these exchanges require full verification... so they destroy all pseudo-anonymity that you have with Crypto currencies. Roll Eyes

Always have it in mind that even if the casino or exchange tells you to register without kyc, in the long run they would definitely tell you to do your kyc when they have fully reach their target. That is the current trend now I noticed.

In every casino business it is certain that casino authorities want to know about their customers. However, there are many casino sites that do not require KYC from gamblers. But if any of those gamblers ever win a big amount or get a jackpot then the casino authority must ask for their KYC because there are some policies from the government against the big winnings so in some causes kyc of the gambler is needed. If Casino authority doesn't take the KYC from the gamblers then the authority has to bear the responsibility.

Topic: The Rise of Crypto Gambling: What You Need to Know - page 6. (Read 1354 times)