Topic: Top 5 Advantages of Bitcoin Casinos vs. Traditional Casinos - page 2. (Read 1264 times)

We must pay transaction fees in order to ensure the safety of our financial dealings, but this is unavoidable. Perhaps it's a stretch to term Bitcoin the "safest" currency, though. Bitcoin's decentralised nature is a huge plus if you value privacy greatly. No other method of payment can match its level of security. Some people may choose alternatives to Bitcoin because of its complexity and/or because they do not place a high priority on personal privacy. They too will have to pay transaction fees, although this may be viewed as a necessary evil. Let us not forget that there are advantages and disadvantages to every possible course of action. Finding a happy medium is essential.

That's true it's the choice of the gambler to Bitcoin if he/she wants to gamble without any worries as we all know that Bitcoin is the safest payment option that any casino offers. A transactions has to be added by miners in a block and that's why it's necessary to pay those fees during the time of withdrawal, and I'm quite sure that each safe payment requires some kind of fees so there is nothing wrong with those fees if privacy is your main concern.

It's always preferable to go with Bitcoin if you value the decentralization and the privacy the most. However, one can also go with other payment options if they are not so much in decentralization and they doesn't really care much about their privacy. The platforms doesn't have their own payment systems and that's why the user has to pay the fees of transactions. If someone choses another payment option then still the user has to pay the fees of the transaction.

I don't see why casinos are to be blamed for that, a gambler who also knows about Bitcoin and cryptocurrencies should also understand that they need to pay fees if they want to make a transaction because the transaction has to be confirmed and that is done by machines run by people and they need payment too, so expecting they can withdraw the minimum amount required without having to pay any fees is out of my mind, to be honest.

One should either not gamble with Bitcoin or if they do, they should understand that they will have to pay the fees and if the price of Bitcoin goes up, the fees might look higher for them but they are compelled to pay it because the platform won't pay the transaction fees for their winnings.

We still need a third party, namely a crypto exchange or crypto buying and selling platform because depositing some money to the casino in the form of Bitcoin cannot be done directly from the bank.
If you really don't need a third party, please explain a bit how you can directly deposit some money to the casino?
Throughout my time in the crypto gambling industry, I have never come across a way other than using a crypto exchange, so if you want to explain if there are other options then I can give it a go.

Bitcoin casinos some times your deposit won't reflect automatically and you'll have to write the support to resolve the issue so this isn't just a problem for traditional casino as online casino has their delay issue. Some online casino process withdrawal manually and this cause delay.

Both traditional and online casino has human involvement. The support you're chatting with when you have issue on Bitcoin casino are not all bot but humans. Bot are useful when questions been asked has already been prerecord on the Frequently asked questions page.

Both traditional casino and Bitcoin casino or online casinos to included them all have their strength and weaknesses but Bitcoin casino should have more advantage because it uses Bitcoin and it's also online which can be accessible anywhere with an internet connection.

Third-party interference you said,  because as far as I know even in the traditional casino,  there is no third-party interference since there is no place for such in the casino,  we're third-party interference is most evident in financing so if you mentioned finance in your comment it would have been better understood.

Bitcoin eliminates third-party systems in financial dealing such as when one wants to deposit funds into the casinos you need to contact your bank but now with bitcoin casino all that is needed is to send the funds directly into the casino account.

Yes, there's no doubt on that on which if we do speak about variety and types then we do really have tons of options that we could really be having on this crypto market on which it isnt something that you might
not able to see on physical casinos but eventually there are really who those really like or want to stay up with physical fiat casinos because of the easy accessibility in towards payments and other correlated things.
Fair system? Both could really be having so far and it would be that impossible if there would really be rigging up some games, if ever there's one then we cant really make out conclusions until it would be proven.
This is why its better not to boggle up yourself about fairness because on winning probability and long time running gambling activity on which house do always win in the end.
We cant really be able to win against whether which one of them you are really that engaging into.

I noticed that as well, when I  clicked to the link, OP left to review the full details of his post, there was an indication that I was blocked from viewing it as well, therefore I think you should remove the link and post the complete details of your thread which is the remaining 2 to complete the 5 you stated.
 However the bitcoin casino offers other benefits like fast transaction system whereby users find it very easy and fast to make deposits and withdrawals,it is more accessible, making it easier for users to easily access it from it comfort of their home, with just an internet connection, saving them cost of transportation, and time. It also provides better bonuses and rewards that would attract users to signup and these bonuses keep them sustained and also enhances their staking power as well as chances of winning.
 In my opinion, in the near future, the bitcoin casino is likely to be widely adapted and used as an alternative to the traditional casino due to a rapid global adaptation of cryptocurrency.

That's fine to doubt, but math cannot be fooled. You can always check the legitimacy of the generated random numbers/ results by checking different provably fair verifiers including the site's built-in verifier. If the result is different from the site's own verifier and other open source verifier then there's something wrong or manipulated result on the casino's end. But it rarely happens since it will trigger a huge doubt and a reputation loss of the casino.

Even if the gambler isn't concerned regards his privacy, there are many other advantages when gambling with Bitcoin. There is a wide selection of online casinos where they can sign up and start playing as soon as possible, without having to wait for bureaucratic procedures involving banks and financial middlemen virtual services. Moreover, BTC casinos have provably fair system, which ensures the legitimacy of results, while it also being possible to play with tiny amounts of money per bet. If you dig smartly you will also find pretty interesting promotions from times to times, since it's a growing competitive industry where many companies are trying to thrive and overcome their pairs on popularity.

It sure is.
Fast and secured deposits. I think that's the main idea of it that's why they created Bitcoin casinos. There's no need for the long wait of re-checking by traditional casinos for money laundering and other stuff. But there's always a downside for everything although I think it is going to be the Bitcoin casinos' problem since once proven, their whole business will be closed down.

I have not tried one yet but that offer of better odds makes me itch to test it. I am a sports gambler so like the article said I always look at the odds first for a wiser choice and if a Bitcoin casino is transparent about the odds on every roll then it is definitely better than the traditional ones.
My curiosity though is where they will get their profits if they say they are more fair than the traditional casinos. I mean, that's where they get their profits, the house edge to keep the business alive.

For those who do get used to fiat casinos then they wont really be caring out about their privacy yet they've been get used to it on which it would really be that understandable that they would really be sticking into

this space but for those who do really mind off about their privacy or identity then this is where they would really be having considerations on playing on gambling casinos which they do know that they could really be able to hide up. They do have both advantages and disadvantage on each place and this is why it would always boils down on your preference because not all would really be having the same interest
when it comes to possible options that you do able to face on. This is why it would really be that depending according into your choice, you cant really be that able to judge on why
someone had missed out the opportunity on using up the other.

It is not the idea, because there are many sites that do offer that service of having a very good, reliable platform and without KYC, so if they can, why can't the others? Why should all sites give in to government demands? we ourselves accept that they dominate us, especially when we know that Satoshi created Bitcoin to free us from economic and financial tyranny, yes, there are people who like control and have them under control, but for example my no, I am quite irreverent when it is about governments, and if we were all somewhat irreverent things would be achieved.

In general, when we do things to earn money and we want to withdraw it, they ask us for KYC, ok, we comply, and if it happens that this data is leaked and out of nowhere they come to rob your house, how are they? How do you know you had bitcoin? ah, many times people become too innocent, so this is the only thing to avoid.

The majority of players who have low money and have a lot of bitcoin to play do not like casinos because of this detail, it is also a different case when casinos are decentralized, because everything that is done in movements has to be paid, so it is not What's worse, if because they charge at each movement or because all the data is left on a site, each casino has its pros and cons.

Personally, I would consider a good casino when it defends a lot about the data of the people, that is, there is not so much demand for KYC, because it looks very ugly every time a withdrawal of money is going to be made that the KYC must be complied with. , they put it like this and that crashes.

There are many advantages in terms of bitcoin and a casino that has to do with bitcoin, and the best thing is that you can have some privacy if the casino allows it, KYC is a subject that also gives a lot to talk about, the bad This is why when bitcoin has very sudden changes, such as it goes up a lot, things get ugly when it comes to withdrawing because I imagine that these casinos are not going to assume the fees, and players like to withdraw with almost 100% of their money, not that they are take away from what you have won, because I have seen that some players complain a lot because they make the minimum to withdraw, but because of the fee they play a little more and sometimes they lose everything.

Advantage of playing in bitcoin casino is also that you are sure of no third party interference in your transfers, all you need is the address of the casino but traditional casinos sometimes you could recheck why your deposit is not credited because of that level of human involvement. Some traditional casinos agent are so lazy that they may forget to credit you after you have made deposit to them. You have to go there at times to remind them if you have not seen the deposit alert and sometimes it takes days to rectify some payment if there are payment reflection issues.

You mentioned the differences between online casinos and traditional brick-and-mortar casinos. That's not what this thread is mostly about. The OP was interested in contrasting Bitcoin/crypto casinos with conventional online gambling sites; sites that were already in existence prior to the emergence of digital currencies like Bitcoin. For example, the advantages of cryptocurrencies when depositing and withdrawing money, and the emergence of the "provably fair" concept which allows players to verify that the casino is not tampering with their results.

The only difference between a Bitcoin casino and a traditional one is that the tokens used in that gambling game have become digital or cryptocurrency. And the second difference between them is that Bitcoin is online of course and it's fine even if you're at home.
in Traditional casinos you have to go directly to their site platform literally. Also, the traditional game is something you can see and touch in person, while with bitcoin it's not really via online.

By definition provably means: in a way that is capable of being proved. Which according to my understanding, is not guaranteed that the game cannot be manipulated. Well! Playing with words is what Casinos do to survive and it is not that immoral on their part as they are running a business. If you want to question them on their integrity then you are asking the wrong business. Actually, everything is fair in business unless you can prove it otherwise there is no need to question it.

Well, many a times, I have even doubted the transparency in the provably fair system, if you think provably fair is indeed a system that is 100 percent transparent, do you also mean that there is no way a provably fair system can be uttered or tempered with, or manipulated, to make it look like indeed, such a game is provably fair in the eyes of the gambler, whereas in the system or technical side of things, the game is not?

Sorry but this is a question I've always had in mind concerning the whole provably fair stuff, I find it hard to trust it completely.

But even though online casinos have grown as big as they are now, traditional casinos will still exist because traditional casinos still have their fans. They are the ones who will often visit traditional casinos because they can meet their opponents face to face and play gambling together. They don't experience this in online casinos, so they still go to traditional casinos anyway.

They can also meet friends who still frequent the traditional casino just to greet each other, enjoy the atmosphere at the casino and finally play gambling together again. Yes, online and traditional casinos have advantages and disadvantages, so that we will choose them as gamblers.

Sometimes we don't pay attention to what is around us and instead look for it in other places that may be far from us. It's like you don't know that there is a casino near your neighborhood, but you don't know about it at all. And it's normal if you don't visit traditional casinos even when the pandemic is gone because you have found comfort in playing gambling at online casinos. Maybe this also happens to people who have found comfort in gambling and don't want to move to another casino or use traditional casinos to gamble.