Topic: Top 5 Advantages of Bitcoin Casinos vs. Traditional Casinos - page 7. (Read 1330 times)

Me neither, I have never played in a physical casino before and this is because online casino offers us the privacy that we desire instead of exposing our gambling activities outside, the difference between online gambling and physical casino is like having a party in your house at the comfort of your home vs going to the club.

I think it is easy to notice and chose the one that is best suitable for us as people who really take time to study something so that is why the high traffic to online casinos is evident due to that need for comfort and privacy.

For me, I can tell for sure that since I discover the possibility of gambling online, I've never visited an offline casino or a betting shop to gamble of place bets, all my gambling and betting activities have always been done online, and even as I type, my family, that is my wife and kids don't even have any idea I am a gambler, not to talk of friends, outside those I told and we do online gambling together, what more can we ask of in terms of gambling privacy?

So indeed, we are privileged, In society where majority see gamblers as irresponsible people, gambling online is the best solution to that.

The terms and conditions, KYC process and the minimum requirement of  depoists and withdrawals should be similar for every member and it should not be different for people from different locations or country. This won't do any good to the casino. This will not only make the process a bit for complicated but it will encourage discrimination between the people and ethically this is not correct.

Also what ever is the process for the caisno, it should be openly publically mentioned and there should be nothing like hidden terms etc. We all want to play at casino which are transparent, don't we ?



We come and play at any casino with our own will. No casino forces us to play at their site but once you make an account at the casino and make the deposit to play, you are bind to follow their terms regarding KYC. If you are not comfortable with the KYC thing, better find the casino which offer you such services (they may be none or very few).

I understand the risk involved in submitting our KYC documents in the casino, but we have to take this risk if we want to gamble. Otherwise, do not do the KYC and do not gamble. Simple is that.

There are still casinos that offers no KYC to their service. Most of them are new casinos that are trying to get gamblers into their casino and no-KYC offering is the most attractive offer they can give for other gamblers to switch to them. Though there's still a risk like unexpected problems on new casino since they are new to the industry. Reputable casinos are the one who are collecting KYC since it is a rule that binded them with their license. It will depends on you on what kind of risk are you willing to make.

I think the casino must have a minimum withdrawal limit for each member, whether he is from Luxemburg, India, China, Germany or another. And once a person has reached or crossed that limit, they have to do KYC before the casino can process the withdrawal so there is no jealousy about the limit that gamblers can circumvent. But the casino may not explain it openly and include it in the written regulations. Perhaps, we have to ask the support service because usually, the support service will ask us which country we are from.

After all, if someone can win a lot of money and he rarely does, the casino will suspect him and want to check before the casino processes his withdrawal. And from there, the casino can ask that person to do KYC and check his account further. And if it doesn't find anything suspicious, the casino will process the withdrawal.

Worrying about sending personal details is a normal thing that can happen to some gamblers. Still, they should be able to get rid of that worry if they play at a trusted casino because the casino will not disappoint its users and can take good care of personal details. If gamblers feel that providing personal details to a casino is unacceptable, they should not do so. And they are better off looking for another casino that does not strictly enforce KYC.

Yes, we can choose to do KYC or even refuse it, and casinos don't force us to do it if we don't want to. But the consequence is that we can't withdraw the winning money until we do KYC. And that often disappoints some gamblers because they can't withdraw their winnings. Maybe they need to find other casinos that don't need to do KYC, but it's not easy because the average casino will probably ask its users to do KYC if they win a lot of money.

Indeed, the KYC steps that web-based casinos require do encroach upon the formerly cherished private realm of gamers, but it's impossible to sidestep their relevance. As seen through the lens of watchdog organizations, KYC is an indispensable mechanism for keeping at bay unsavory activities like illicit money transfers, impostor scams, and deceitful acts.

Even though brick-and-mortar casinos provide a certain degree of obscurity, they are not devoid of their own set of drawbacks. The absence of ease, the threat of social visibility, and restricted availability are just a handful of these hurdles.

Let's not overlook the fact that the KYC processes are a shield for gamers too. Through the confirmation of each gamer's persona, virtual casinos provide a safer arena for all. While your anxiety regarding Big Brother's watchful eye is acknowledged, this measure also plays a role in preserving a lawful and clean scene within the crypto-gambling realm. It's a subtle equilibrium between safeguarding and privacy.

Bitcoin casino (online casinos) most times maneuver bettors funds in way that you can't sue them if there is any misplacement of payment or steal of funds, i think had came across some news that online casinos are easily influence bettor's with their ToS being that whenever there is a huge win which they can't pay out to the winner they easily adjust their service operation in their favor and no matter how hard you try in suing them they are being covered with their term of service, unlike the land based-casino ( Traditional casinos), they are well known and licensed for their operation although online casinos are sometimes licensed not that reliable for their acts, land based casino are hardly to adjust their term of service due to their real time establishment are bettor might likely file a case if they notice no transparency within their payout.

Most at times traditional casino are more reliable than online casino just as this proverbs says "A bird at hand is worth million birds in forest" meaning there may calls for indefinite short down, why, casino operated from UK and user from Africa has an issues with their payout happens to be a poor bettor who win huge amount and they change their ToS how would this poor bettor file a case against the UK based online casino? But traditional casino where the bettors has access are more reliable to fight against their winning. So they both has advantage over each others in terms of comparism (comparison).
 

Anonymity is no longer possible because casinos are now asking for kyc verification to be completed by all their customers. They might ask you when you register on the casino or after you request to make your first withdrawal and you don't have a choice but to do it.

The amount consider to be a big win will demand the casino to request you to verify your information before the withdrawal is processed so anonymity can't be guaranteed anymore when using a crypto related casino or sportsbooks. For this, traditional casino has an advantage.

Online casino secures you from exposing yourself to others people when you win or lose but you'll be exposed to the government through your KYC and if found guilty you'll be tracked very easy as your address and other private information are all in your KYC document.

Not sure if there is completely anonymity in crypto gambling though at least some is not asking for KYC.
and also finding a nice casino if you know how they run not unless you are a noob gambler that wanted to win easily and yes you will lose all the time.

Online casinos give greater access to someone that may not be happy with the casinos they have around them, if any, however the ease and smooth process in which you can create an account on a cryptocurrency casino and be gambling in a matter of minutes is something which cannot be surpassed even by fiat online casinos.

Now on the past a high level of anonymity was expected out of cryptocurrency casinos, but with the new regulations put in place this is becoming very rare and it would not surprise me if in a few years it does not exist anymore.

Mostly people don't want to disclose their personal information but of course when there are finances involved the real info is needed.
Whether you like it or not you have to provide the info.
But keep your account safe.

Usually when people talk about bitcoin casinos or say crypto casinos, they refer to casinos that accept bitcoin/crypto. In this example, you seem to be referring to true blockchain-based casinos, which aren't that many. Honestly, I can't name one from the top of my head without googling the answer.

That's true if that casino hosts games by the leading software providers. If they host games by unknown and unpopular casino developers, it makes very little difference.

The more games there are, the more ways to lose your money. If players win that much, you would see casinos close down daily. Instead, you see new ones open and pop up just like mushrooms. 

I have a lot of faith in playing in bitcoin casinos, the bad thing is that when they ask for a lot of KYC is what I don't like, for me the ideal would be not to have to comply with KYC, I have seen that here in a thread they were Saying that why don't they put the threads of games that do not include bitcoin but other currencies, the ideal would be to put other cryptocurrencies and be treated here in this gambling section, but I think the reason why it is not accepted is because bitcoin It is what moves everything the most, without bitcoin there are no cryptocurrencies , and any cryptocurrency that is created Cannot have the same effect as bitcoin , the bad thing is when bitcoin rises and the Fees are high.

The only thing that comes to mind is anonymity if you win big or lose there are no people who see you so you can be secure in that sense. Beside that finding a nice casino it's not so easy in some places and if you live in third world county they can be rigged.

We should count it a great privilege that we never fall on the category of those that will have no access to online cryptocurrency casino than the physical casino because the security of them both are incomparable to each other, which means it will be very hard to see a gambler kore interested on physical casinos because ofbthe security and safety that is not certained to be achieved in using them in tgis advanced digital currency and technology.

Yeah as long as you're just an average gambler, you don't need to be worried about getting asked to submit KYC. But if you're lucky enough to win a big amount money, then the choice is depend on you, whether you don't need to submit KYC and let your winnings gone, or you submit and get your winnings.

After all gambling will make you lose, so it's just a tiny chance you can make money through gambling.

I've never used a traditional online crypto currency so I'm not sure how much fees they charge for transactions, but since I've used Bitcoin casinos, I know that Bitcoin transaction fees are not really that high, does a traditional online casino charge less than $1 or $3 max for a priority transaction that gets confirmed very quickly and you won't need to wait for hours for the deposit to arrive in your account?

I think cryptocurrency casinos are way more convenient than traditional casinos, you don't need to provide any credit or debit card information to make deposits, all you do is take the deposit address of the cryptocurrency you want to deposit and send the funds from your wallet and that's it.

I'm a little bit bothered that Anonibet may confiscate a user's money if they "feel" like he/she is playing from a restricted country. That doesn't sound right. Is that stated in their ToS?

Anyway, sportsbooks may indeed have different views on KYC, but it seems their own views don't matter much as they're all bound by AML/CFT policies which are basically the reason why such process is required.

I wonder which specific KYC details in Mahdirakib's thread are incorrect. You might want to specifically point them out for possible correction. Many might be using his/her thread as a reference.

Worries regarding on sending their personal details is valid but they need to be aware that this could happen especially if they are using huge money to bet on casino and knows that there are possibilities that they could hit big wins. This is part of security process so they should be prepared in this situation if they had been ask to  submit this requirements. We also make sure to play on reputable casino so that we can avoid any worst issues.

It should be borne in mind that in different countries there are completely different standards of living and incomes of citizens, respectively.  If for a resident of Luxembourg $ 1000 is such an amount that he can earn in a week, then for a simple Indian, this is already a huge fortune.  And here the question arises about KYC when withdrawing winnings from the casino. 
I don’t know very well if there are such regional border values ​​for the amount of winnings available for withdrawal from your casino deposit to your account for different countries? 
Theoretically, this should not be because the casino is in any case registered in a certain jurisdiction and must comply only with the requirements of the local regulator.  And this is obviously a specific amount that should not change during cross-border payments.  But it is quite possible that the management of the casino in the case of really large or just a little more than usual wins decides on the need for KYC and disclosure of personal information on an individual basis.  After all, it is not always known for certain where an anonymous player is playing from, if he plays through a VPN and the casino allows such an opportunity to play.  In general, this question is still not clear to me?