Topic: Top 5 Advantages of Bitcoin Casinos vs. Traditional Casinos - page 8. (Read 1333 times)

If we don't use much money to gamble and the winning amount is not big, the casino will allow us to withdraw the money and not ask us to do KYC. But it's different if we use a lot of money and win because the casino needs to check our account before they continue that withdrawal process. We have to be aware of that and not worry about doing KYC because if we do it at a trusted casino, they can take care of the data we send. That's why we need to check the rules at the casino so we know how the casino implements KYC in its place.

That's always been a debate, why? Then why do we as players also like to ask about a casino license? isn't it that expecting a casino to have a license means that the casino must comply with the rules of the license where they are registered, and often one of the rules that must be obeyed is AML/KYC, so that finally the use of crypto in gambling is no longer completely anonymous because of KYC, and now that's a thing it is difficult to find gambling sites that do not require KYC, at first it is not an obligation but there will be many things that eventually players are required to do and can only be obeyed because money will be impossible to withdraw if KYC is not complied with.

That is what exactly I was going to ask after reading the thread because there is no certain about the transparency and fairness that traditional casino can bring.

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and also OP you mentioned in Title about top 5 advantage but you only typed 3? lazy indicating everything?  or there is something from that link
that you will compensate or funds generating?

and for me? the only advantage of Online casino is not consuming my time and effort as i can play everywhere anytime .

On the terms of service, all the sportsbooks say that they may ask for KYC except Sportbet.one and Anonibet. In the case of Anonibet, they may confiscate money if they feel that you are playing from a restricted country. All sportsbooks take a different view on KYC. Mahdirakib's has a nice thread. The license and license operators are correct. He even takes screen shots which is nice visual. Some of the information in KYC details is incorrect. I'm not sure if he got the information from the terms of service but what is written down and what actually happens isn't always the same. That said, his thread is still a great resource.

If I'm not wrong, you are trying to compare games that use traditional RNG algorithms with games that use transactions/blocks hashes as source of entropy. Well, you might be right as the latter may give truly random numbers and we all know that the Bitcoin blockchain isn't easy to get manipulated.
The only and main problem here (excluding manipulation through 51% attacks) is that you will get a random number each 10 minutes! This may work for lotteries and likes but this is not what you want as source of entropy when you run an online casino with thousands of players. Simply, it's not practical.

Bitcoin casinos and gambling are legal and secure. And able to conduct fair gambling without the help of third party which is why Bitcoin gambling is most known and attracted everyone comes here to gamble. Because bitcoins are legal, gamblers from all over the world can attend these companies and all can mingle and gamble together in a corruption-free manner. So I would like to say that blockchain casinos may not always offer a lot of benefits. So Bitcoin casinos spend the most time and the facilities are always crowded.

Yes, I know it's a bit controversy for all of us, before we just need a bitcoin address and that's it, we can withdraw our money right away, whether it was big or small without any questions from crypto based platforms.

But now when the gaming industry goes big, I mean with billions worth of business and money flowing inside and outside of crypto bookies, it has been a target of regulators as well, licenses and other things including KYC was introduced now. And majority of us doesn't want to share our details and we are not that comfortable giving out. That's why it's very important to choose which casinos we are going to used now, at least with still no mandatory KYC.

That's also the complaint of other crypto casino users. They are being deceived by a promotion that a certain casino would not ask for any KYC but surprisingly would ask users to comply with it upon important withdrawal transactions. It will be better if they will be honest about implementing it than deceiving users so they will attract more since lots of gamblers don't want KYCs.
To be honest, KYC is now mandatory in most casinos so it's hard to trust casinos that don't require it. I don't see a problem with complying since it will also benefit both parties' security but casinos must be honest about it. They don't need to promote that they are KYC-free if they will hold funds later on and will ask for KYC unexpectedly.

The big question is that why should we be forced to do KYC since we are using cryptocurrency which surpose to be privacy oriented tool and if a casino clearly stated that their demand for kyc at will then i will outrightly avoid them in other to avoid stories when i make a big winning since I am not ready to give out details.

I don't really believe in some casinos that state non KYC because when we withdraw a very large amount of winnings, they will definitely ask for KYC.
Sounds cruel but that's what really happened.
I prefer casinos that ask for KYC from the start because it can be opened as a whole so that in the future we don't need to be afraid of being asked for KYC for making large withdrawals.

Whether the gambler with big or small money is better to take a safer path by using a trusted or reputable casino.

For me, the advantage of gambling anonymously is the best benefit that crypto casinos have compared to traditional casinos. In terms of games and processes, they are essentially the same. In fact, traditional casinos charge less transaction fees compared to crypto casinos when using Bitcoin. So, if most casinos do not allow anonymous gambling, I'm sure they won't become as popular as the kind of entertainment we can find in crypto casinos, which can also be found in traditional casinos.

Crypto gamblers are reluctant to do KYC on gambling sites because they think they only play gambling with small money and don't take too big risks. But apparently, crypto gamblers have big money, so they will be the targets for doing KYC. And as long as they can choose a trusted casino, they don't need to worry if the casino will get hacked because the casino will maintain good security. It's better for us always to be vigilant and careful if we want to do KYC so that we don't do it at random casinos.

I saw on the list that there were a few that I used to gamble with, and the casinos didn't ask me to do KYC (hopefully not because I'm not a big money gambler).

I hope KYC remains not for all gamblers because those who gamble in crypto casinos are those with small and big money. And if the casino finds a gambler with big money and has an odd cash flow, the casino can ask them about it.

I should have thanked you for leading me to this old yet comprehensive and seemingly updated thread, but I guess it badly needs more update. Betnomi, Wolfbet, and others, for example, have KYC on their ToS, and not just on multiple accounts.

I guess Mahdirakib's Information of Crypto Casinos License and KYC requirements is much more detailed as far as KYC on crypto gambling sites is concerned. You might want to compare notes.

Anyway, when it comes to KYC these days, whether it is demanded from you or not upon sign up is not really the only issue. It is an issue that almost all casinos and betting platforms reserve the right to demand KYC from a user anytime. For somebody who's really disgusted with KYC, that is enough to discourage him/her.

Just to observed out that if there's a new casino on the house or making up some new ANN thread into this forum, then people would be mainly talking or asking if ever it does have that KYC on which it is really that a
common question or approach for everyone who does really give out importance about their information or privacy on which it isnt really that shocking or new thing. KYC is highly frowned upon because in everything we do, we do really like on being anonymous specially on gambling. On the time that they would really proclaiming out that they are KYC-less then people would give out considerations but if they would be talking
about asking KYC on certain conditions then there might be some doubts on engagement but we know that most platforms now are really into this kind of set-up specially if you do win up big on where they would really be asking out some verification but i've knew some casinos which directly give out those winnings without questions asked.

This is why when it comes to choices then it would really be a personal choice on which one you would really be touching into. Lots of options we could choose and play on.So having
some research would be necessary.

There are casinos that do not do KYC unless you use multiple accounts. They even allow large amounts.

You can find KYC ratings here: https://bitcointalksearch.org/topic/1-ratings-of-bitcoin-sportsbooks-since-2014-kyc-rankings-bonuses-scam-accus-717790
A rating of 1 will only KYC if you use multiple accounts.

There is no difference between the two and as far as it is a casino both online butcoin casino and diet casino are all the same and there is no difference between the two of them so there is no need to compare both them in any way and as long as casino gambling is concerned once you can deposit and withdraw and also play games it becomes secured enough.

The actual advantage is the convenience, you can play whenever you want and wherever you are because all you need is an internet connection. I don't agree with the safe and secure factor because you can't compare the blockchain advantage with a casino so the 51% attack will never apply to the casinos but the transactions are irreversible so it has it's pros and cons on its own.

Traditional casino can be more fun too but we need to plan for that and allocate time from our daily schedule and decent amount of money while in crypto casino you can gamble with minimum amount too and you won't feel any shame even with little money.

I don't know much about the technical part of running an online or physical casino because I've never worked in a physical or online casino and I've never owned a casino, but I believe that casinos that have options for deposits and withdrawals in fiat are not as dishonest to the point of manipulating the games and also if that happened I believe someone would find out, so I think that casinos that offer fiat as deposits and withdrawals are no worse than crypto casinos, at least not all, as it happens in crypto casinos have a few crypto casinos that are reliable and most that are scam or problematic so in fiat casinos there are also reliable ones and scam and problematic ones, people have to research a lot when choosing a casino



well about that, fiat is also safe, it is backed by the government and monitored by the central bank so it has a very high degree of reliability, of course it can also lose value depending on how the government is doing in economic terms, but that doesn't it is very different from bitcoin which also falls in price and rises in price, my point is that both things are useful, if someone likes fiat then use fiat casino, but if you do not like fiat then use cryptocurrencies, note that i I used the word cryptomoedas because there are people who don't like bitcoin and like altcoins. people just have to wear what they like

Well, I can say that most users are very experienced in the forum and also in how to create good titles for their thread, while some people also don't know how to title their thread, but the content is usually very interesting. I have seen so many threads like that. I am also one user that usually gets a bit stressed when choosing a good title that best fits any thread I want to create, and that has made me not yet create a few topics that I have already drafted because I always feel the title is not what it should be. In the OP's case, he has given the reference link, and if you feel you need more information and don't want to use his link, you are still free to use your favorite search engine.


You are correct, but we all know that everything that has an advantage also has a disadvantage, and the disadvantage of the online casinos is that most of them have some hidden terms and policies that can just kick out a user from their account due to a violation of those terms. Most times, those casinos are just scams, and if a user's account is broken with their money inside, they can't access the casino from their individual county. The merits of online casinos may be very enjoyable, but the demerits are also unpleasant experiences.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

This limits the players a lot, because no player wants their data to remain in the custody of a platform that can be hacked, that can be violated and, apart from that, it can be an option so that they do not trust, this will always cause mistrust in anyone, for that reason The reason is that everyone is so reluctant to accept a KYC, I accept kyc in my casino which is duelbits, but because it is a reliable casino, which has a high reputation, but in new casinos I don't dare to leave my kyc because I don't know what Questions are what they are looking for, since they are regulators who demand I do not trust much, it is something that all newbies should take into account.