There are many advantages to the relationship between gambling and Bitcoin.

LUCKMCFLY

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Quote from: AmoreJaz on June 12, 2023, 05:30:39 PM

Quote from: LUCKMCFLY on June 12, 2023, 02:12:01 PM

Quote from: Mauser on June 12, 2023, 08:27:15 AM

Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

I think this is one of the best advantages bitcoin sportbooks and casinos offer the customers compared to fiat casinos. Over the last few years we saw a huge rise in the crypto gambling industry, which came from the hype in the crypto community. With many crypto investors making huge profits in the 2021 bull market, there was a lot of capital to be spend at the casinos. This growth allows crypto companies to offer better promotions and advertising than other companies and we customers should always look for the best deal. Having the option to choose from a large number of casinos is the benefit of the internet. And as long as they have a good reputation and our money is save, there is no issue to switch to the sportbooks with the best promotion.

Without a doubt, this is the case, we have also seen that one of the reasons why this type of public has increased is since the pandemic, where many people Preferred to go to casinos to resolve their situation, others requested bank credit , other loans The question is that when a person feels desperate, they resort to this type of means, out of desperation or simply to get out of a difficult situation quickly, this boom increased in profits for casinos, that's why I think that every time a crypto casino offers advantages for bitcointalk users , something very correct and Accurate precedes me.

the pandemic indeed opened a lot of opportunities for the online casinos and bookies. once those regular gamblers discovered these online gambling sites, it is like there's no going back to traditional ones. though some are still going to land-based casinos for other personal reasons.
in this forum alone, we have discussed countless times about the pros and cons of online crypto casinos as compared to fiat-based/offline casinos. so we know very well why we are continuously using online casinos and more gamblers are going into this route. for me, the convenience is on top of the list why i use online casinos.

Yes, in fact, in fiat casinos things are much more radical, the kyc must be exactly as they say, if the document has holes, or wrinkles, they do not accept it, it makes them have to look for new documents or renew them, On the other hand, sometimes in crypto casinos things can be a little smoother, and I think they should be smoother because they should not request KYC, because if we go to the satoshi legacy from the moment bitcoin was created, it is to avoid the controls of governments, banks and everything that has to do with this type of organization, but even so they have managed to introduce KYC to the casino in an impressive way and even with many players who support this.

I will never support KYC, because in a possible attack against the casino, data can be leaked and it is not good, so the problems can start there.

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Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

One of the things is that provably fair gambling is ensured by using bitcoin gambling, this would ensure that users are provided with openness and fairness. Furthermore Bitcoin gambling offers substantially less signup and transaction friction than currency operators, which increases conversion rates for gambling operators. For gambling operators, they can save money and take fewer risks when using bitcoin gambling because transaction fees, chargebacks, and financial fraud are all eliminated.

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Quote from: Josefjix on June 11, 2023, 10:09:49 PM

Quote from: Cling18 on June 07, 2023, 10:44:22 AM

The use of Bitcoin for gambling has been greatly supported by Crypto Casino, and certainly, their promotions have been successful in luring more users, particularly gamblers. Their advertisements in different websites and social media platforms and even in sports events had a huge impact on Bitcoin's growth which has also increased the number of Bitcoin users.
However, Bitcoin has also been a good attraction to lots of gamblers who prefer using a well established coin and provide cheaper fee at the same time. These two actually work together and they also benefit gamblers who want to generate better profit and save transaction fees.
Without Bitcoin, I'm certain that many gamblers are still suffering from fees and distress, and many may still be falling for fraudulent currencies.

Casinos that accept bitcoin as a payment method are the best options for gamblers who have issues about fees deducted while paying gaming fees. Another useful feature for gamblers is the ability to send bitcoin in exchange for gambling selections to be activated. Bitcoin is literally utilized for gaming in crypto-related casinos, and the traffic to these casinos' websites has increased since they tend to harbor more gamblers who are also familiar with bitcoin, and it is one of the simplest and fastest growing casino advancements in the system.

It's not an option but it was the main choice. Options are the altcoins, just in case the Bitcoin network is experiencing some issues. deductions are normal before and after we play gambling. It's a kind of fee to the miners to process our transactions but there were some gambling sites who are abusive when it comes to withdrawal fees where they set it to a higher level.

We need to check it or ask questions first to their support before we start to play on them if we don't want to get disappointed or it would be better to use altcoins instead if their fees are still minimal. Bitcoin is a currency, no wonder why it's being used in an online casino. This is one of the ways to use our Bitcoins other than by simply holding it.

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Quote from: Josefjix on June 11, 2023, 10:09:49 PM

Casinos that accept bitcoin as a payment method are the best options for gamblers who have issues about fees deducted while paying gaming fees. Another useful feature for gamblers is the ability to send bitcoin in exchange for gambling selections to be activated. Bitcoin is literally utilized for gaming in crypto-related casinos, and the traffic to these casinos' websites has increased since they tend to harbor more gamblers who are also familiar with bitcoin, and it is one of the simplest and fastest growing casino advancements in the system.

As a gambler who always uses bitcoin or crypto when making bets, I am greatly helped by this convenience. We don't need to do complicated things like fiat deposits with various conditions and using bitcoin is one of the things that can make our privacy safe and also easy to make any transactions. I think this development is also very well followed by many gambling sites or online casinos because it can attract the interest of gamblers who were previously afraid because they have to protect their data.

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Quote from: dothebeats on June 12, 2023, 06:34:50 PM

Quote from: Tumanggor on June 12, 2023, 04:41:35 PM

Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

everything you said about the advantages of gambling with bitcoin is true, but I think one thing you are missing is the fee fee. many sportsbook bitcoin gambling sites, withdrawing winnings no matter how much the fee is charged is still the same (although the bitcoin fee is still a little fluctuating)

I am very thankful that bitcoin appeared in this world and I will not use fiat anymore to gamble, I will only use bitcoin to gamble

But what if the bitcoin fee you are charged in withdrawing your own bitcoins cost a lot when converted to fiat? Would you still want to gamble with bitcoin? I would continue doing so if we can adjust the fees from the casino, or if they impose just the lowest fee possible to get the transaction confirmed in the next 5 blocks or so. Most of the crypto casinos existing nowadays impose fees that get your transaction confirmed in the next block, and if you don't really need that fast of a transaction, wouldn't it be best if the player can select how much fee are they paying?

Unlike the increasing transaction fee, gambling platforms have the same transaction fee on transactions. This is quite good, because the variation will be paid by the platform. Onchain transaction costs different fee, for same transaction same amount we'll pay different fees. When the gambling platform does this, the transaction done with the low fee gets compensated when there is additional fee required for another transaction.

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Quote from: Tumanggor on June 12, 2023, 04:41:35 PM

Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

everything you said about the advantages of gambling with bitcoin is true, but I think one thing you are missing is the fee fee. many sportsbook bitcoin gambling sites, withdrawing winnings no matter how much the fee is charged is still the same (although the bitcoin fee is still a little fluctuating)

I am very thankful that bitcoin appeared in this world and I will not use fiat anymore to gamble, I will only use bitcoin to gamble

But what if the bitcoin fee you are charged in withdrawing your own bitcoins cost a lot when converted to fiat? Would you still want to gamble with bitcoin? I would continue doing so if we can adjust the fees from the casino, or if they impose just the lowest fee possible to get the transaction confirmed in the next 5 blocks or so. Most of the crypto casinos existing nowadays impose fees that get your transaction confirmed in the next block, and if you don't really need that fast of a transaction, wouldn't it be best if the player can select how much fee are they paying?

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Quote from: Tumanggor on June 12, 2023, 04:41:35 PM

Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

everything you said about the advantages of gambling with bitcoin is true, but I think one thing you are missing is the fee fee. many sportsbook bitcoin gambling sites, withdrawing winnings no matter how much the fee is charged is still the same (although the bitcoin fee is still a little fluctuating)

I am very thankful that bitcoin appeared in this world and I will not use fiat anymore to gamble, I will only use bitcoin to gamble

when you say advantages of gambling I don't see any reasons that will make you to say that what you said about advantages of gambling in Bitcoin is true that does not have advantages because the disadvantages in gambling is higher than the advantages in gambling it depends on their own level of understanding that will make you to conclude that gambling have its advantages

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Quote from: LUCKMCFLY on June 12, 2023, 02:12:01 PM

Quote from: Mauser on June 12, 2023, 08:27:15 AM

Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

I think this is one of the best advantages bitcoin sportbooks and casinos offer the customers compared to fiat casinos. Over the last few years we saw a huge rise in the crypto gambling industry, which came from the hype in the crypto community. With many crypto investors making huge profits in the 2021 bull market, there was a lot of capital to be spend at the casinos. This growth allows crypto companies to offer better promotions and advertising than other companies and we customers should always look for the best deal. Having the option to choose from a large number of casinos is the benefit of the internet. And as long as they have a good reputation and our money is save, there is no issue to switch to the sportbooks with the best promotion.

Without a doubt, this is the case, we have also seen that one of the reasons why this type of public has increased is since the pandemic, where many people Preferred to go to casinos to resolve their situation, others requested bank credit , other loans The question is that when a person feels desperate, they resort to this type of means, out of desperation or simply to get out of a difficult situation quickly, this boom increased in profits for casinos, that's why I think that every time a crypto casino offers advantages for bitcointalk users , something very correct and Accurate precedes me.

the pandemic indeed opened a lot of opportunities for the online casinos and bookies. once those regular gamblers discovered these online gambling sites, it is like there's no going back to traditional ones. though some are still going to land-based casinos for other personal reasons.
in this forum alone, we have discussed countless times about the pros and cons of online crypto casinos as compared to fiat-based/offline casinos. so we know very well why we are continuously using online casinos and more gamblers are going into this route. for me, the convenience is on top of the list why i use online casinos.

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Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

everything you said about the advantages of gambling with bitcoin is true, but I think one thing you are missing is the fee fee. many sportsbook bitcoin gambling sites, withdrawing winnings no matter how much the fee is charged is still the same (although the bitcoin fee is still a little fluctuating)

I am very thankful that bitcoin appeared in this world and I will not use fiat anymore to gamble, I will only use bitcoin to gamble

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Quote from: wiss19 on June 12, 2023, 08:09:39 AM

Quote from: kotajikikox on June 11, 2023, 10:47:08 PM

Quote from: Josefjix on June 11, 2023, 10:09:49 PM

Quote from: Cling18 on June 07, 2023, 10:44:22 AM

The use of Bitcoin for gambling has been greatly supported by Crypto Casino, and certainly, their promotions have been successful in luring more users, particularly gamblers. Their advertisements in different websites and social media platforms and even in sports events had a huge impact on Bitcoin's growth which has also increased the number of Bitcoin users.
However, Bitcoin has also been a good attraction to lots of gamblers who prefer using a well established coin and provide cheaper fee at the same time. These two actually work together and they also benefit gamblers who want to generate better profit and save transaction fees.
Without Bitcoin, I'm certain that many gamblers are still suffering from fees and distress, and many may still be falling for fraudulent currencies.

Casinos that accept bitcoin as a payment method are the best options for gamblers who have issues about fees deducted while paying gaming fees. Another useful feature for gamblers is the ability to send bitcoin in exchange for gambling selections to be activated. Bitcoin is literally utilized for gaming in crypto-related casinos, and the traffic to these casinos' websites has increased since they tend to harbor more gamblers who are also familiar with bitcoin, and it is one of the simplest and fastest growing casino advancements in the system.

not completely correct mate because bitcoin fees sometimes grows too much so there are still altcoin that can be alternative and that is what I'm doing sometimes , though it is always an advantage to have Bitcoin as betting and deposit method .

You cannot describe Bitcoin as having high fees only because its network gets congested once in 2 or 3 years which is a very rare thing to happen, though one should always keep alternative options in case something like that happens but Bitcoin isn't generally a bad choice, but most gamblers prefer using stable coins for gambling only so that they can easily keep a count of how much they've spent or how much they've won or lost.

Other than that, Bitcoin is the best cryptocurrency one can use for any sort of thing whether it's gambling, trading, or anything else. Bitcoin's transactions don't take much time when the network is clear which is another plus point that we should consider.

Some gamblers are really that mindful about their bitcoin spending on which they do presume or assume out that what it would be its future price if ever they do able to lost it, this is the time that they would

really be thinking that it might really be 2x or 3x fold on the next month or on the bull run happens on which it cant really be that so shocking that there would be people who would really be thinking up this way.
If we do speak about tools or currencies which can be used on gambling then there are tons and we know about fiat and crypto.Although they do have those differences but we know that we arent blind
on which one is really that being preferred depending on what we do really like. Not all would really be liking about using up fiat due to some kyc issue or exposing your identity
on which it is the sole reason on why they would be switching up to crypto due to this reason.

We arent that blind about advantages and other stuffs which we know that lots of people would really be preferring on making use of Bitcoin.

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Quote from: Mauser on June 12, 2023, 08:27:15 AM

Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

I think this is one of the best advantages bitcoin sportbooks and casinos offer the customers compared to fiat casinos. Over the last few years we saw a huge rise in the crypto gambling industry, which came from the hype in the crypto community. With many crypto investors making huge profits in the 2021 bull market, there was a lot of capital to be spend at the casinos. This growth allows crypto companies to offer better promotions and advertising than other companies and we customers should always look for the best deal. Having the option to choose from a large number of casinos is the benefit of the internet. And as long as they have a good reputation and our money is save, there is no issue to switch to the sportbooks with the best promotion.

Without a doubt, this is the case, we have also seen that one of the reasons why this type of public has increased is since the pandemic, where many people Preferred to go to casinos to resolve their situation, others requested bank credit , other loans The question is that when a person feels desperate, they resort to this type of means, out of desperation or simply to get out of a difficult situation quickly, this boom increased in profits for casinos, that's why I think that every time a crypto casino offers advantages for bitcointalk users , something very correct and Accurate precedes me.

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Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

I think this is one of the best advantages bitcoin sportbooks and casinos offer the customers compared to fiat casinos. Over the last few years we saw a huge rise in the crypto gambling industry, which came from the hype in the crypto community. With many crypto investors making huge profits in the 2021 bull market, there was a lot of capital to be spend at the casinos. This growth allows crypto companies to offer better promotions and advertising than other companies and we customers should always look for the best deal. Having the option to choose from a large number of casinos is the benefit of the internet. And as long as they have a good reputation and our money is save, there is no issue to switch to the sportbooks with the best promotion.

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Quote from: kotajikikox on June 11, 2023, 10:47:08 PM

Quote from: Josefjix on June 11, 2023, 10:09:49 PM

Quote from: Cling18 on June 07, 2023, 10:44:22 AM

The use of Bitcoin for gambling has been greatly supported by Crypto Casino, and certainly, their promotions have been successful in luring more users, particularly gamblers. Their advertisements in different websites and social media platforms and even in sports events had a huge impact on Bitcoin's growth which has also increased the number of Bitcoin users.
However, Bitcoin has also been a good attraction to lots of gamblers who prefer using a well established coin and provide cheaper fee at the same time. These two actually work together and they also benefit gamblers who want to generate better profit and save transaction fees.
Without Bitcoin, I'm certain that many gamblers are still suffering from fees and distress, and many may still be falling for fraudulent currencies.

Casinos that accept bitcoin as a payment method are the best options for gamblers who have issues about fees deducted while paying gaming fees. Another useful feature for gamblers is the ability to send bitcoin in exchange for gambling selections to be activated. Bitcoin is literally utilized for gaming in crypto-related casinos, and the traffic to these casinos' websites has increased since they tend to harbor more gamblers who are also familiar with bitcoin, and it is one of the simplest and fastest growing casino advancements in the system.

not completely correct mate because bitcoin fees sometimes grows too much so there are still altcoin that can be alternative and that is what I'm doing sometimes , though it is always an advantage to have Bitcoin as betting and deposit method .

You cannot describe Bitcoin as having high fees only because its network gets congested once in 2 or 3 years which is a very rare thing to happen, though one should always keep alternative options in case something like that happens but Bitcoin isn't generally a bad choice, but most gamblers prefer using stable coins for gambling only so that they can easily keep a count of how much they've spent or how much they've won or lost.

Other than that, Bitcoin is the best cryptocurrency one can use for any sort of thing whether it's gambling, trading, or anything else. Bitcoin's transactions don't take much time when the network is clear which is another plus point that we should consider.

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Quote from: Josefjix on June 11, 2023, 10:09:49 PM

Quote from: Cling18 on June 07, 2023, 10:44:22 AM

The use of Bitcoin for gambling has been greatly supported by Crypto Casino, and certainly, their promotions have been successful in luring more users, particularly gamblers. Their advertisements in different websites and social media platforms and even in sports events had a huge impact on Bitcoin's growth which has also increased the number of Bitcoin users.
However, Bitcoin has also been a good attraction to lots of gamblers who prefer using a well established coin and provide cheaper fee at the same time. These two actually work together and they also benefit gamblers who want to generate better profit and save transaction fees.
Without Bitcoin, I'm certain that many gamblers are still suffering from fees and distress, and many may still be falling for fraudulent currencies.

Casinos that accept bitcoin as a payment method are the best options for gamblers who have issues about fees deducted while paying gaming fees. Another useful feature for gamblers is the ability to send bitcoin in exchange for gambling selections to be activated. Bitcoin is literally utilized for gaming in crypto-related casinos, and the traffic to these casinos' websites has increased since they tend to harbor more gamblers who are also familiar with bitcoin, and it is one of the simplest and fastest growing casino advancements in the system.

not completely correct mate because bitcoin fees sometimes grows too much so there are still altcoin that can be alternative and that is what I'm doing sometimes , though it is always an advantage to have Bitcoin as betting and deposit method .

Quote from: nullama on May 22, 2023, 12:20:01 AM

Quote from: len01 on May 22, 2023, 12:14:58 AM

~snip~
for experienced gamblers I'm sure they understand everything about casinos without KYC and those asking for KYC, but for novice gamblers they very rarely understand this problem so many cases of gamblers complain of being refused when withdrawing funds on the grounds that KYC was refused because it was in a prohibited country according to the provisions Casino ToS.
so it is very important for all professional and novice gamblers who want to gamble on online sites to always pay attention to the ToS in the FAQ before making a deposit or making a bet to avoid similar incidents.

Yeah, for any kind of service I always test the full deposit/withdrawal mechanism before putting a considerable amount of money in.

There are just many types of services that simply take forever to withdraw or make it extremely painful and complicated, whereas the deposits are always way faster for some reason Wink

and that is what most of us do , because admit it or not? casinos nowadays are hard to predict whos the legit and whos scam specially new casinos.

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yes

Quote from: Cling18 on June 07, 2023, 10:44:22 AM

The use of Bitcoin for gambling has been greatly supported by Crypto Casino, and certainly, their promotions have been successful in luring more users, particularly gamblers. Their advertisements in different websites and social media platforms and even in sports events had a huge impact on Bitcoin's growth which has also increased the number of Bitcoin users.
However, Bitcoin has also been a good attraction to lots of gamblers who prefer using a well established coin and provide cheaper fee at the same time. These two actually work together and they also benefit gamblers who want to generate better profit and save transaction fees.
Without Bitcoin, I'm certain that many gamblers are still suffering from fees and distress, and many may still be falling for fraudulent currencies.

Casinos that accept bitcoin as a payment method are the best options for gamblers who have issues about fees deducted while paying gaming fees. Another useful feature for gamblers is the ability to send bitcoin in exchange for gambling selections to be activated. Bitcoin is literally utilized for gaming in crypto-related casinos, and the traffic to these casinos' websites has increased since they tend to harbor more gamblers who are also familiar with bitcoin, and it is one of the simplest and fastest growing casino advancements in the system.

Cling18

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Quote from: goldkingcoiner on June 07, 2023, 09:29:30 AM

Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

Bitcoin transactions are transparent and open to the public. Which means that anybody can take a look and trace/prove certain transactions. There is no middle man required for this. This also means that nobody can cheat/scam somebody just because their gambling experience did not turn out the way that they hoped it would. Currently, Bitcoin is working on cheaper transaction costs but there are also cheaper options. Especially other cryptocurrencies.

Online crypto gambling casinos do provide a large amount of advertising for Bitcoin/crypto. They may even be one of the top promoters of Bitcoin. That is definitely a good thing. If casinos find more ways to connect normal people with Bitcoin, then I am more than happy about that.

The use of Bitcoin for gambling has been greatly supported by Crypto Casino, and certainly, their promotions have been successful in luring more users, particularly gamblers. Their advertisements in different websites and social media platforms and even in sports events had a huge impact on Bitcoin's growth which has also increased the number of Bitcoin users.
However, Bitcoin has also been a good attraction to lots of gamblers who prefer using a well established coin and provide cheaper fee at the same time. These two actually work together and they also benefit gamblers who want to generate better profit and save transaction fees.
Without Bitcoin, I'm certain that many gamblers are still suffering from fees and distress, and many may still be falling for fraudulent currencies.

goldkingcoiner

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Quote from: nitrobetting on April 23, 2023, 10:34:18 PM

There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

Bitcoin transactions are transparent and open to the public. Which means that anybody can take a look and trace/prove certain transactions. There is no middle man required for this. This also means that nobody can cheat/scam somebody just because their gambling experience did not turn out the way that they hoped it would. Currently, Bitcoin is working on cheaper transaction costs but there are also cheaper options. Especially other cryptocurrencies.

Online crypto gambling casinos do provide a large amount of advertising for Bitcoin/crypto. They may even be one of the top promoters of Bitcoin. That is definitely a good thing. If casinos find more ways to connect normal people with Bitcoin, then I am more than happy about that.

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Quote from: FatFork on June 07, 2023, 08:28:44 AM

Quote from: TheGreatPython on June 07, 2023, 06:52:04 AM

Gambling platforms or casinos don't really need your personal information to track your gambling habits since you already gamble with them, and if you are talking about your activities outside their own platform, that is not an option available to them at all. They can't track your habits or activities only by using your personal information unless they have links to every single casino platform that you use out there.

Hmm, I'm not sure if I should share this secret, but let's just say that you're not entirely correct. Each platform typically operates independently and has its own systems and databases. However, there are indeed scenarios where casinos have the ability to track your gambling activities across multiple platforms, particularly in the case of sportsbooks. If you're curious, you can do some research on your own to dig deeper into this.

The database is always stored by the platform but for some reason the data can easily be known by other parties.

Here I agree with you because the casino has a sophisticated team and technology that can do a lot of research and get various information about what their customers are doing, especially if the casino implements KYC it will be easier to find out.

I have a thought that maybe one casino with another casino has connectivity or cooperation so that they can provide each other with some of the information needed, but this is just an afterthought so if it's wrong, please correct it.

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Quote from: TheGreatPython on June 07, 2023, 06:52:04 AM

Gambling platforms or casinos don't really need your personal information to track your gambling habits since you already gamble with them, and if you are talking about your activities outside their own platform, that is not an option available to them at all. They can't track your habits or activities only by using your personal information unless they have links to every single casino platform that you use out there.

Hmm, I'm not sure if I should share this secret, but let's just say that you're not entirely correct. Each platform typically operates independently and has its own systems and databases. However, there are indeed scenarios where casinos have the ability to track your gambling activities across multiple platforms, particularly in the case of sportsbooks. If you're curious, you can do some research on your own to dig deeper into this.

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Quote from: nitrobetting on May 23, 2023, 12:37:58 PM

Quote from: Helena Yu on April 24, 2023, 12:32:52 AM

It's true Bitcoin is decentralized and the transaction can be completed without need of third party intermediaries, but if we use Bitcoin to gamble on centralized casino, it will ruin Bitcoin decentralization since the casino have a control over our coins.

When we're gamble using Bitcoin, it will not anonymous and private anymore because we need to submit our KYC due to the regulation on the casino.

The advantage of gamble using Bitcoin, it's just minimize of getting target by criminals.

Hi there,

You're right that Bitcoin is a decentralized currency and that one of its benefits is that transactions can be completed without the need for a third party.

Another way in which gambling with Bitcoin can lead to a loss of privacy is that many casinos require KYC (Know Your Customer) verification. This means we must provide the casino with personal information, such as our name, address, and date of birth. This information could then be used to track our gambling habits.

Gambling platforms or casinos don't really need your personal information to track your gambling habits since you already gamble with them, and if you are talking about your activities outside their own platform, that is not an option available to them at all. They can't track your habits or activities only by using your personal information unless they have links to every single casino platform that you use out there.

The only downside of doing KYC is that you are no more anonymous for the platform operators and in case the platform you are using isn't trusted and reputable, your information might be misused but that doesn't happen all the time and one shouldn't do KYC in platforms that they don't trust.

Topic: There are many advantages to the relationship between gambling and Bitcoin. (Read 780 times)