Bitcoin Forum

I think It's better to make deposits to your favorite online casino or sportsbook with bitcoin rather than traditional methods like cash and credit cards, based on the reasons below.   

Smaller transaction fees ( if any )
Almost instant access to funds
Super fast payouts for bitcoin withdrawals
Generous bitcoin deposit bonuses
Anonymity for the discreet gambler.

Do you agree or disagree?

BTC gambling is already moderately popular.  One of the most popular BTC gambling sites was Satoshi Dice (https://en.bitcoin.it/wiki/Satoshi_Dice), which at some points took up absolutely massive amounts of transactions and was even considered an attack on the blockchain.

Due to the higher confirmation times though (or higher transaction fees, basically your choice) recently, it's become harder to gamble with small amounts of satoshi, which was one of the main benefits of BTC casinos.

There's also the fact that a lot of BTC gambling sites have started banning US customers and many of them are running shady businesses which have a questionable legal status.  Anonymity is tough because governments will typically require age verification.

So basically, it's a good idea but it hasn't worked out too well in practice yet.  Ideally some "ordinary" online casinos would start accepting it.

Faster transactions and anonymously playing. Using digital currency especially bitcoin in gambling online made the sending and receiving of money much easier and much faster. Using bitcoin had made every players invisible as well. Its one of the purposes of using bitcoin and that is to stay anonymous to every other transactions and games while playing.

I think many gamblers would prefer using bitcoin in playing because of its security purposes. Many players don't want their personal life to be acquainted with their gambling life and bitcoin is the answer for it.

Above all of this, bitcoin is easy to access that's why it way more convenient when depositing funds on a bitcoin gambling site.

But for me it's not with the comparison since I see it's not making sense to me. It's just that a newbie will surely having a hard time to deposit fiat) money if they want to play into usual gambling site (outside bitcoin). But for those who is already a usual gambler in those fiat gambling site, depositing money is just seconds away. Also some credit cards only charge low fees (especially the one that I have), so meaning just in case we have no money on hand, they can still do gambling although the temptation will be higher. Well it can be control depends on a person.

Most gambling websites accept Debit and Credit to deposit your money into the account and they charge lots of money as fees for when depositing your money, but if bitcoins you need only worry about your transaction fee which is very low most of the times. And i for instance want to enjoy my privacy when gambling and with bitcoins, you do just that and don't need to upload your identifications for any verification.

I agree only for anonymity but for other reason or any benefits like instant it will be still depends in your fee and i don't see any instant transaction.

I never tried to use debit cards  or credit card it is not really safe for me because my place gambling is illegal so we can not use that and bitcoin is the best alternative that you can gamble online without worrying about your money if where you get them..

Yes i agree, and we can't hide the truth that gambling online have more advantage unlike real casino.  But in some situations im in more than playing outside because im more confident and satisfied in surroundings than play along infront of my computer. I want talking in some people .
In withdrawal it is also too easy and more faster in casino and the bankroll requires big amount in order for me to play.

If you want to reduce your transaction fee then you can play with other altcoins as well. Because most of the casinos offer to play with one or more altcoins as well.

I never gambled with fiat currency and my first betting was with bitcoins when prices were around 200$+. I think after Bitcoin gambling started those fiat currencies online gambling no more attractive and they may close or convert them to cryptocurrency gambling.

i am agree with you but for myself, i don't want to use bitcoin to playing gambling as i know the price is really expensive for just gambling. i'd rather save in my wallet and stay for a while and i am waiting the higher price to sell. maybe if the gambler have big amount and they have good skills in gambling, they can use bitcoin because they don't think too much about if somehow their amount will decrease or not but i am thinking another purpose about bitcoin and i don't want to spend my bitcoin for playing gambling.

I cant agree with this, cash online gambling has no transaction fees both on withdrawal and deposit while most bitcoin gambling site requires us to pay withdrawal fee which is variable value.


Both cash and bitcoin has the same instant access to our funds imho


Depends on the bitcoin gambling sites, some sites does not have instant withdrawal which makes players need to wait for hours for their withdrawal.


Both fiat and bitcoin casino offers generous deposit bonus because the bonus is something that makes players get more losing chance than winning chance.


This is the main benefit of bitcoin gambling, even though there are some bitcoin casino requires KYC especially for big withdrawal.

The benefits of gambling online with bitcoin is if you win bitcoin you benefit a lot of bitcoin because bitcoin now is expensive you can hold it and save it for the future purposes.Bitcoin is hope for all the dreams in life that could possible make it happen.

For me:

with Bitcoin: I can do easily
without Bitcoins: I can't do easily

I agree with you because basically it's the advantage of using bitcoin or cryptocurrency for its users. actually use fiat / cash that I think is not much different and about the security of identity that depends on the owner of the casino or sportsbook.

It's best or good to bet or gambling online with the use of bitcoin. You ca play online with bitcoin without anyone of your friends, family or any person related to you to know that you are gambling online. Bitcoin also is used by many online casino with this you can play anonymous and for me it's good because i don't like sharing my info online.

Not to destroy your excitement on here but this thing is already been known by most gamblers on here on where also Bitcoin gambling is already popular and been used quiet for some time now.On the things you do mention above that is the beauty on using bitcoin when we do play gambling this is why it become popular.

I think the benefits in gambling with Bitcoin is being anonymous,
But others could take advantage of it like  some kids gambling their money without the other knowing .

The best thing s about Bitcoin casino is the anonymous and easy to set up account without any identity verification and I noticed that Bitcoin casino is the casino that gives free money(faucet) to play the game, you won't find this in traditional casino and it is easy to withdraw and deposit using bitcoin

At present Bitcoin makes us transact very easily from anywhere in the world. In the present situation, it is not a wise decision to use our Debit card and Credit cards because many hackers are kept on watching the gambling site. So Bitcoin is very convenient for deposits and withdrawals.

That is the sad part of anonymous gambling. There is no way these online Bitcoin casinos can restrict kids not to play these games. As long as people can able to get these Bitcoins then they can easily start gambling without telling anyone. I also like to gamble with bitcoins and other altcoins than gambling with fiat currency.

transacting thru btc to alt coins via gambling benefits one way or another from being anonymous, but transaction from btc to fiat or vice versa is vulnerable to personal secrecy or anonymity it is because some personal information are shared on fiat transaction like your bank account or debit/credit card account unless you are using another dummy account on your bank and it is still safe for your anonymity, but one thing for sure anonymity is just a myth when you are hooked-up to the online world.

I guess no one will disagree these because no other payment processor will be capable of providing these advantages. If you want to a problem free gambling experience then bitcoin must be the right choice.

Almost all the countries are having restrictions against gambling and after government religious also having lots of restrictions against gambling. That is the reason many people are preferring to keep their gambling activities confidential. For this reason, bitcoin must be the only solution for them.

I agree and also it was really convenient to play online because you can play and be entertained at home safely. But is it really good to play on line? because what if the real game results was change in favor of the casino? I tried to play on line but i never win maybe im not lucky to play gambling of any kind.

I agree with your given points and with some casino's are even requiring 0 confirmation so you won't be experiencing any problems of delay. Bitcoin gambling is very popular now and as gamblers who doesn't want to expose everything with their info's this is the best choice. And one I like with it is you are very convenient while you gamble on any casino because you  only sit at your home.

I disagree with the small transaction fee right now because the network is almost busy everyday. I know there are many bitcoin casinos that accepts different altcoins but for sports betting there's no bitcoin sportsbook that accepts and uses altcoin except for betcoin and they cant be trusted afaik.

Your first 4 reasons are stupid even a normal online wallet like coinbase has those features then why do you want to store your funds on a gambling site which can steal your funds away and is not safer than a online wallet.
The 4th benefit is good it is a anonymity feature for gamblers it has a low house edge and also is anonymous

There are many online gambling sites that use bitcoin as payment,i think the benefits of online gambling with bitcoin are many of them fast withdrawals, no identity and safe compared to regular online gambling,i think is very risky.

The only one valid to me and why I go for bitcoin gambling is the last one which is anonymity because with that, I could be gambling on my phone, while someone will think I am either playing an android game or just watching video as well as away for the eyes of the societal judges who would want to say their mind in case I am found near the bet shop or site.

The benefits of gambling using bitcoin is the application of anonymous patterns, I feel very comfortable even though today many are applying kyc on their site, so I also feel comfortable if balance deposit can we transactions to personal wallet first like blockchain, I do not like the pattern of personal money in accounts of gambling sites that use fiat directly connected with a conventional bank. It will be very transparent because my country prohibits gambling.

It was true earlier,the transaction fees are not small now and it is not instant access to funds now as it takes some time for the transaction to get through ,i am not a fan of the bonus system in almost all of the gambling sites and usually i do ignore those,anonymity as a gambler is the biggest advantage i see with bitcoin until the transaction gets cheaper and faster.

I think there is no benefits for bitcoin in gambling online but if gambling is illegal in your country it can benefits you..Because you can gamble only in your home and without tracing your money where you get it.. if you are lucky to win bitcoin in gambling you are lucky they can not trace where your money come from when withdrawing. .
The other benefits is i think the price movement because bitcoin price is not stable and i think if you win in gambling and never spend them for a long time you can get more benefits about bitcoin price increased..

I don't think Bitcoin transactions are not going to fast and cheaper anytime soon. If you want fast and cheaper then you need to choose altcoins to gamble. Currently, bitcoin transactions are slow and their fees are very high particularly if you plan to do a small amount transactions. As you said, the best feature is anonymity gambling makes to choose bitcoins over fiat gambling.

All bitcoins transactions are improved now we are receiving our bitcoins very quickly after paying a high transaction fee. Yes now the fee rate is increased for the small transaction we need to pay higher amount fee. If you choose a regular or small amount fee, it will take a number of days to receive your bitcoins in your wallet. But playing gambling with bitcoins is far better than playing with fiat currency.

If we are talking about anonymously yeah I will agree to you but if we are talking about just playing gambling its still much better to use fiat since there's a lots of gambling site which is not ready to use bitcoin system  unlike fiat that you can use right away and be accepted.

Yeah people really love to keep hiding their identity when it comes to gambling ,
So when most fiat casino will always ask you for id verification ,
You will feel it was not necessary and you are not okay with ut ,
But with bitcoin you feel you have got protection and completely a freedom.

It's fast to get in it's fast to get out, it's quick cheap and dirty and for the gambling market it's a perfect fit. What's better about a physical casino with cash? Free drinks I guess.

You’re quite right. There’s a lot of benefits in gambling online. One of those were the anonymity. It can increase feelings of comfort since there is a decreased ability to look for, and thus detect signs of disapproval, or judgment in facial expression. So when losing, no one will actually see the face of the loser. The other benefit is the comfort of your own home. Being able to relax at home and play. Say goodbye to loud noises, tense atmosphere, or dealing with weird strangers who may try to talk to you or take your money.

Anonymity is a key reason why I like Bitcoin gambling, it saves me from loosing a lot also because my fixed bankroll is what I have in my account and as soon as I loose them I have nothing left unlike fiat where I can easily bet some more. Secondly I'm able to move and save my funds won in my wallet all from the comfort of my laptop.

Dude! Don’t take it personally but you appear to be numbskull to me. Any person who gambles with bitcoins is just a laugh stock. If you really don't need your bitcoins, then give it away in charity. At least, you will earn some virtue. How can anyone gamble with such a precious asset?

The best benefit of gambling with bitcoins is that you can keep your personal information intact and you don't need to disclose it as you can easily gamble with bitcoins none will come to know about that and that is the most important feature of gambling with bitcoins.

to me I think apart from being anonymous there are still  so many other reasons for which it is important and good to play gambling online. to me i play gambling  online because in my area gambling is illegal and there is no such formal casino where we can go and play gambling therefore it is more convenient for me to play gambling online.

Can you please tell us what are the other reasons or benefits of gambling with bitcoins as I think that privacy is the major factor by gambling with bitcoins as your identity remains intact and no one can point a finger on you that you are a gambler and earning money from gambling.

Agree,it's good to gamble for anonymity but I prefer not to use bitcoin to gambling,better in real life

of course totally agree. who would want to be known that he is a gambler? and who would want to have a slow and long processing of transactions, right? thats why we have bitcoins to escape all those things. :)

Agreed to this one. Bitcoin gambling has alot of perks. With this gambling was never made easy. But still there is also disadvantage in gambling when it comes to bitcoin is that the price of it is not that stable. It keeps fluctuating thus me have to make sure the price is high before we exchange it to dollar.

If i say online gambling has benefit than our traditional gambling, because of only one reason it is Bitcoin. I can do anything to earn the bitcoin, but only good way, and also online gambling is one of good way where we have benefit to win the bitcoin. Otherwise i also think online gambling make life easy, we could play it without going anywhere and in short bitcoin users always prefer bitcoin online gambling than real casinos.

in my opinion, when we use bitcoin for playing gambling online, we can send our bitcoin without any person know who we are and we can also trying to earn bitcoin from the gambling site to start place a bets. like above me said, we can stay at our home while we are watching tv and we can playing the games in the same time.

I didn't gamble before bitcoin as I gamble in last two years with bitcoins. I come from third world country and bitcoin opened a new door for me, before I you needed special bank cards for foreign currencies, with bitcoins I could play any casino game, poker, bet freely on sports.
But transaction fees are high now, and that is a problem for all as small gamblers. For high rollers its ok, but for is it's a bit problem to pay more then 5 dollars fee just to deposit 20 30 dollars. I will not quit with bitcoin gambling because of that and, I just hope that situation will be normal again in the future.

Agree!
Bitcoin offers a good solution for those who care on their privacy while gambling. Especially for those who live in a country where gambling is marked as an illegal activity.

With bitcoin it is much more convenient to play gambling, because it allows you to remain anonymous even if games are banned in the country. I really like this opportunity for entertainment.

The benefit of gambling online with bitcoin is that if you win big amount of bitcoin and you will not convert it in cash right away and you will wait for the price of bitcoin to rise then your profit will double.

Agree it is really fast and easy to deposit on those gambling websites and also if you are 18 below you can also play it but in real life not. The best advantage is you are in your home and just watching with your monitor if you win or loss and there are no cheating done! But now the fees are getting bigger so if you do deposit you should deposit once so that one time pay

To add up with this matter here this has a great advantage in term of quick profit, but thinking about on the benefits that we are going to have is nothing to do with sustainable profit. Fast deposits can be made into fast transaction and the gambling amounts of bitcoin is not same with fiat currency manual payments is always a part of the gaming system. With online bitcoin gambling comfort is there as you bet using your laptop or pc, but being cheated isn't secured all the because the online gaming was pre programmed and you can't recognized it since that was hosted by online system administrators of the betting sites.

You are right mate the online gambling games are pre programmed they will set all limits while doing coding if we reach that target it will start to give an advantage to the house edge. But the thing is this is good for time pass instead of using the cash we can use bitcoins to do gambling, and it is easy to access in anywhere and with any device. But you will not get real gambling feeling you want it then you must visit a real casino.

The good thing about betting with bitcoin is it's very easy to use. There are many gambling site that are accepting it. You can play with some sites without getting your name registered. That's a check mark for us if we want to gamble without giving information.

Are you really sure that your gambling site is not rigged? I think it is hard to tell if the gambling site are rigged or not if it is online because most of it does, but there are surely legit and honest gambling sites out there that you can really trust and they are having a house edge taking care of that and balanced the game, well that is how gambling works it is risky that is why that is another thing you can not say that a site is Rigged or not.

Playing gambling only in your house is the best choice if you wanted to be anonymous and had a problems with the crowd. Though playing through online is fast and easy when doing some transaction. At your house you can tell what's wrong with your playing styles because you and your monitor only.

Yes I definitely agree and its much easier for you to withdraw or make any transactions using bitcoin rather than those of credit cards and cash too. And it is gaining popularity nowadays too so there are a lot of online gamblers that would prefer using bitcoin rather than using their debit or credit cards because of its anonymity which is an advantage to most players.

But for me to gamble in real life, i either has to pay for a huge entrance fee to get in local casino, or i have to travel for half a day to travel to another country to gamble. whereas online, i can easily gamble with my btc without much restriction.

I would rather say, with bitcoins it is much more expensive and risky to gamble... :P
Dude seriously, I don't know from where people get this gutsy that they gamble with their BTCs. I am not condemning or mocking anyone. After all, that is not my money and the holders can burn it for all I care.

For me the benefits of gambling online with Bitcoin is that it is easy to transfer coins between gambling sites that you want to play with. another one is that you can withdraw anytime. Also there are many gambling games that you can play with Bitcoin, unlike other crypto the game you can play with is limited if that coin is not that popular. Almost every site are accepting Bitcoin unless the site is really created for a particular coin.

I think it is anonymity and fast transactions. Most gambling sites that uses fiat will require a high level of KYC before they allow a player to place bets on their casinos. In most crypto based casinos, they don't even ask your name or even age. Then in most crypto casinos, payouts and deposits are very quick and takes less than 10 minutes to do everything unlike in fiat casinos.

It is the fantastic feature of bitcoin that people love to use it. Thus even on gambling games and casino sites, bitcoins are easily be used in all matters. But don’t you think bitcoins are so potential of giving you much money as output if you use it in trade or else rather than gambling?