Bitcoin Forum

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

Hi mate there’s a whole section on gambling on the forum - have a good look around there .
There are plenty of folks ready to participate in a discussion there :)

https://bitcointalk.org/index.php?board=56.0

This discussion would be more appropriate in the Gambling section (https://bitcointalk.org/index.php?board=56.0) as it focuses on how gambling is affected by crypto. You can move it with the move topic option at the bottom left of this page.

I am not a frequent gambler, but I have gambled with fiat and also with Bitcoin, and I find bitcoin to be far more efficient. I am also privacy focused, so a platform that allows one to gamble anonymously without the hassles of banks is a plus.

The con I believe exists is the high withdrawal fee imposed by some platforms to cover for changes in transaction fees on the bitcoin network.

hi friend, wrong subforum if you want to talk about gambling.
I personally never want to try gambling in any form because gambling can have a bad effect on life if it is addicted, use the money as efficiently as possible

Gambling with crypto;

1. No KYC
2. Lots of crypto payment options

Gambling with fiat

1. KYC
2. Heavily regulated

When it comes to experience and games offered, it might be just the same in most cases and it would really
vary whether you do mind off much about KYC or not.

Gambling industry is one among the biggest industry that is turning towards cryptocurrency. Gamblers give a try and stick to it. Here users find the ease of making bets than the fiat. Fast settlements on the wins. There are sites that can be used without KYC. Likewise more and more features make people look for an alternate from the regular online gambling with fiat.

Online gambling is prohibited in many countries so it's easier for bettors to use crypto as a workaround hehe. Problems could still arise from converting crypto to fiat since some exchanges doesn't accept deposits from gambling platforms.

Yes but good thing many of them now support other cryptos that has lower transaction fees.

@OP, better move this thread to gambling discussion board = https://bitcointalk.org/index.php?board=228.0

For sure, a lot of gamblers in the forum will pitch in their ideas or insights towards gambling. Also, in the gambling board itself, you will find reputable casinos to play with without submitting KYC requirements. Just look at their trust summary and browse their respective threads. There are so many casinos existing already so whatever you are looking for, for sure you can find it in one of them.

What specific question do you have? Asking to talk in private is just asking to get scammed.

But yea, gambling using crypto sure is far easier. Based on what I've read throughout the years, you're far likely to have problems when gambling using money from your bank account and such. You're very unlikely to have problems with crypto gambling as long as you use a reputable platform, and that you aren't sending funds straight from exchange wallets like Coinbase.

Gambling in crypto is much more challenging and entertaining (in my perspective at least), compared to fiat gambling because you can use different coins depending on what you want and what the casinos permit to use in gambling. You can directly exchange your fiat money into coin into the desired coin of your liking and what the site allows right from their website itself. You won't have to go through the hassle of undergoing different exchangers just to exchange your money. You can also have different casinos to try onto. When it comes to choices, there are a lot in crypto gambling. Most casinos offer nice promotions and have a good quality of service. Just remember to, of course, do your very own research to avoid regrets later on because there are still many reported incidents of bad customer resolution on some casino websites. Be sure to only enter a reputable and trusted website so that you could benefit and make the most out of your funds. 

I have just reported to the moderator to move this thread to the gambling discussion as a general user doesn't have the authority to do so. So it will be done in due course of time.

There are many advantages in crypto gambling.
1. Usually KYC details aren't needed
2  doesn't affect your tax burden in case of big wins
3. Available for the global audience. Your location doesn't matter
4. Effectively bypasses the country specific gambling restrictions

That's why gambling market is one of the major businesses where cryptocurrency is actively used nowadays.

Most obvious advantages of crypto gambling are the advantage of using crypto itself. Transparent transactions, the ability for almost anyone to be able to play, no KYC restrictions (most of the time, some casinos are limited by their license to require KYC afaik), and not many problems or issues when trying to move your money to the casino itself. It's really more on qol stuff, ones that actually make it a LOT easier for one to gamble, whether you're from a certain country. Nothing differs much based on gameplay stuff afaik, so don't expect anything from there.

What are you trying to establish here?  because it sounds stupid that you are asking here about people who experience gambling in crypto when obviously this is a crypto forum and there are tons of cryptocurrency gambling site that has been promoted here.
meaning all of us has the option to gamble , maybe not everytime but at least once in our entire crypto career?
and also this thread belongs to Gambling section and not in Bitcoin discussion section ,

Playing gambling using crypto will give you anonymity and prevent you from sending your private documents to the sites. Besides that, you do not have to make your banks suspicious of your activity deposit and withdraw the money from the site because you use different wallets to store the money. You will find so many crypto gambling games on many casinos from this forum that are reliable and recommended by other members so you can avoid scamming that you may get.

I see so many users keep mentioning crypto casino is anonymous and don't need KYC, while the fact almost crypto casino is centralized and will ask KYC if there's a problem (some casino even ask KYC while sign up).

A casino had licenses and third party provider usually not serve all countries due to regulations and if you from banned countries you're not allowed to play using VPNs since it's breaking the casino rules. It also a problem if you're gambling when your countries aren't allowed you to gamble.

I disagree with the idea its more challenging. I think the deposit and withdrawal process is seamless compared to fiat websites and not including a bank in this takes away most of the hassle. Where we do agree is on the research aspect. You need to be smart and cautious about the websites you use. Some sites will lock you out and prevent you from wagering while still holding an active account.

What sites have people been using most frequently?

Thanks!

Definitely agree with these points. What websites have you been using?

This is gambling thread, i would recommend you to move the thread to gambling section were attention will being given, all cryptocurrency trader always share their experience in casino platform threads and other gambling supporting teams, i know that anything cryptocurrency gambling and both trading always find difficult to cooperate with.

Not anymore, in the last few years especially since the last year we have seen that most crypto casinos started to have KYC in their terms.
Some casinos make it mandatory and some other make it conditionally.
It means that KYC is now something usual in crypto gambling industry, of course there are still some crypto casinos without KYC.

What do you mean by finding it much more effective than fiat? They both achieve the same end result and odds are pretty much identical between the sportbooks whichever you're using. Unless you already have spare crypto then it's a bit of an inconvenience and probably more expensive to use crypto after the transfer fees are taken into account. Not to mention any charges that an exchange might cost you to buy crypto in the first place - for new users to this it doesn't make much sense if they want to maximize earnings. It's always nice making use of the free bet offers that different crypto sites have going, but besides that I don't see any positives.

Yes, specially Roobet on where they do ask out some KYC but this is something not really on the sense that you would need to sent out some documents for verification but only some light KYC on where it do ask your name address and as a user then it would really be still your choice whether you do input those real information or not because we do know the cons whenever we do really put up wrong
info.We do love no KYC as much as we could but we know that regulation do becomes tighter as we do go ahead considering that most gambling sites are licensed which is to be expected
that they would really be abiding some sort of law and regulations.

Some sites may have a less clear statement that they work with a mandatory KYC. Sometimes at a certain amount, sometimes at the moment a payment is requested. And still others have no fixed system. That also has to do with where the gambling site is licensed in which country. Anyway, it should really be anonymous without KYC. After all, that is the whole idea and mindset of the Crypto.

ya.ya.yo!

I also love gambling with crypto over fiat because of the ease to funding directly from my wallet and my most preferred is decentralized casinos. Crypto has made my gambling and also helped in saving me from unnecessary KYC verifications and also reduced issues of withdrawal scandals from casino operators. To Blockchain  has made the life of the private dudes a reality we now gamble with our full identity well secured gambling anonymously

And this is why gambling on crypto is getting more recognition and popularity because you could really play gambling without any hassle plus being anonymous since its not asking for some verification or kyc just like on fiat casinos which is really most preferred by most people plus you could deposit small amounts on different various coins that it is available on the casino for you to do so and when it comes to variety then
there are lots of choices for you to do so and this is why this market is becoming more bigger and bigger as years passed.

Had a recent similar thread in here: https://bitcointalk.org/index.php?topic=5380746.0 but it was locked, I got the vibes that it may be locked as well by the moderators. If not, then best to discuss with.

I've already answered on that thread that cons always outweighs the pros and for sure most will agree with me. If not as well, you can have your opinion.

Some gambling casino mostly requires KYC nowadays, especially for bigger withdrawal. Though if it's just for a small amount and mostly for hobby and to kill time then it's okay not to do KYC. But mostly nowadays the bigger casino that offers more features and games requires KYC, not for themselves but since their government requires them to keep their license. We just need to check whether they have a good reputation for keeping their customers identity safe.

The effectiveness has nothing to do with whether it is crypto or fiat, believe me not, the odds do not change nor do your skills, now strategies to bankroll and the probability fair play, yes.

What I really like the most is my right bet 0.0000001 sat. :)  that sums up one of the intrinsic qualities of crypto casinos the size of the bet while in fiat it is hopefully two decimal places in crypto you have up to 8 decimal that gives you a plus of funds management that you do not have in fiat casinos, well this is mainly to manage small bankrolls, because in reality the most important thing is probability of fair play.

I'm guessing OP finds it convenient because KYC is optional in crypto casinos unlike in fiat where it's required upon registration. Even though you can't get away with KYC in exchanges I think a lot of people would prefer to undergo KYC in exchanges compared to casinos. From my experience, the transfer fees barely matter imo as there are different ways to save fees like using different payment methods or stick with altcoins it only becomes an issue when you have a small budget.

It's true, that some may ask when you're about to withdraw but usually, they only do that if they find suspicious on your account's activity. But those reputable crypto casinos, won't be asking it the first time until you withdraw massively or they've found you abusing their system.
Fiat casinos are going to ask for this since they're registered somewhere and maybe locally, you have to provide them details. And with crypto casinos, it's a special case if ever they ask for it.

There are good and bad aspects to be taken in count.
A good gamble should be able to use both fiat and crypto website.
Yes you can place microbets and play just for fun without KYC but in the same time you have minimum amount for withdraw and you have to pay transaction fees.

What I have observed here is that most top or reputable casinos don't require KYC if you are pure crypto user.
But if you will use your credit card or use fiat, then, certainly, the casino will require KYC.
Also, if you are just a small time gambler and doesn't violate any terms of the casino, they won't give you a problem.
I have been playing in some known sportsbooks here and haven't encountered any problem so far.
One advantage also with crypto casino is you can bet small and just basically mind your own business.

Unfortunately, the greatest advantage of playing with cryptocurrencies is slowly becoming unavailable. Fortunately, there are still casinos that do not require KYC verification and are completely anonymous, but they are mostly unlicensed, so playing on that platforms also runs the risk of disappearing with our money.

No need to speak with similar experiences since the topic is a bit redundant.

Just continue to gamble with crypto and soon you will determine the pros and cons of gambling with it. Just don't get carried away when winning unless you know and understand the risks.

That's my quick and simple advice to you.

In my experience, one of the biggest pluses for cryptocurrency gambling is the speed of withdrawals. Of course, this may vary depending on the site and the situation. However, I associate fiat gambling websites with a long wait for a withdrawal (even several days), and when it comes to cryptocurrency casinos, withdrawal is often even instant.

It is more rewarding than playing with fiat, it's good that you made a shift the community has a lot of good casinos you only need to pick the right casinos that suit you, it's very convenient and rewarding playing in fiat if you're a Crypto investor because you know the value of the coins you're using and you have a variety of coins to choose from not to mention anonymity, but also get ready to undergo KYC, even if we are playing using Cryptocurrency some casinos still ask for KYC, it's in their terms. 

The pro is that you are able to deposit/withdraw in a blink of an eye, and that there is virtually no KYC for most places you play on.

The major drawback right now is honestly the lack of regulation for these casinos. A lot of them have their own rules in regards to deposits, withdrawals and playing on their site and essentially the community relies on their reputation.

That's something that the fiat casino ecosystem is able to deliver much better - just a peace of mind regarding your funds.

Although it's an old topic it's still good to discuss gambling from fiat to Cryptocurrency, fiat is regulated because you have your vital information exposed when you deposit using your credit card, compared to Cryptocurrency where you will remain anonymous that is why we have a lot of fo gamblers shifting from fiat to Cryptocurrency they can always verify their deposits and Crypto based casinos are embraced by the industry and they have a community like what we have here in Bitcointalk.

Crypto casinos do still have KYC but do not really force users unless the casino suspects the user to have cheated or is about to withdraw a large amount of money from the platform. True to thier TOS words, they really are asking KYC. There are reports in this forum that when they attempt to withdraw their winnings, they are practically asked to fill in their data before the withdrawal is executed.

Compared to using fiat, you are already asked before you could even play. But users who do gamble on their platform are often not privacy-concerned individuals so it's all up to them.

Pros and cons about using crypto currency has been discussed here many times and again, if you can't handle the risk of it better not to gamble at all.

With regards to gambling, either you use fiat money or cryptocurrency, you are still doing the same thing which is gambling if you don't have self-control then you will still fall and lose that money. Use fiat and crypto, whatever if more convenient for you.

Yes exactly, with that being said either fiat of crypto which one will you choose to use in gambling you're still doing the same thing and that is to take risk your capital for a hope of earning profit out of it or simply just giving yourself an entertainment. Self-control is definitely needed in this kind of game, without having it you will fall into trap of lose and failure. On top of this, crypto is much easier to use with rather than fiat but still have a self limitation when gambling.

I think that gambling with crypto is much better than with FIAT,you are not required to post any identity unless you hit a really big win and only then you may undergo verification of KYC (Know Your Customer).I think if you are not a whale,a normal gambler by gambling with crypto it is much better and safer as no one will know who you are not even the casino you are playing at.That is the major difference other than that they are pretty much identical,you risk your money in order to win more money.

Indeed. We must have self-control while playing gambling because many people already lose control and get the problem in the future.
But if he is playing on a crypto gambling site, he can avoid the KYC verification process because he only needs to send the coin to his account and start playing.
Maybe it will be difficult for a gambler who always uses fiat for gambling to move into crypto as they think it will not be easy to change their gambling habit.
It will need more research before they decide to use fiat or start moves to use crypto.

Well though there are many casino in crypto are also requiring KYC yet we can still find some that has not conducting KYC in which we can still find those free from passing our details.

but yeah the issue only occurs when we won big amount so expect issues in the longer time of playing so yes we don't need to be confidence for everything in gambling here in crypto or even in fiat .

In fact, in today's time it is quite easy to start gambling on cryptocurrency casinos. Exchangers allow you to buy the necessary cryptocurrency directly from your credit card and there are quite a few videos on YouTube explaining how cryptocurrency transactions and cryptocurrency casinos work. In my opinion, just watch a few videos to get the hang of it. This time will pay off on the second visit to an online casino.

What do you mean effective does this mean you are winning, there's really no difference when it comes to your chances to win, the difference is you have a lot of coins to choose that you can deposit, your identity is not exposed unless the casino asks for KYC which is in their TOS, there's a lot of reputable casinos in the Crypto world and picking the right one with the help of the community is much easier.

Yeah, the KYC thingy is one advantage of gambling in crypto. But I would say that there are still gamblers you prefer to go out even in pandemic to play in land base casinos because of the atmosphere sitting in the table holding cards like in black jack, or hearing the sound of the spinning wheel in a roulette. This sort of small things make gambling more exciting in my opinion. Of course, both involved money and everything, but the feeling and the ambiance is very different.

Privacy is the most advantage of cryptocurrency over fiat. This is the typical of gamblers especially for user living in strict country against online gambling like US. It will be risky and hassle to play using fiat there since you will need  to declare all your transactions during there monthly tax report. So cryptocurrency is there best way to avoid that hassle and also the KYC part which you already emphasized above.

When playing gambling with crypto or fiat, there really is no difference regarding the chances of winning. Playing gambling does depend on our luck
to be able to win, so gambling with crypto or fiat is actually the same. But there are indeed advantages that I like when gambling with crypto,
including being able to play anonymously. And also crypto has volatile prices, so the winnings we get can be used as assets for investment.
So I'm more comfortable gambling with crypto until now, especially when it comes to making deposits or withdrawals, there are many choices of
coins that we can choose. Maybe my advice is to be careful when choosing a place to gamble, choose one that has a good reputation, so when
we win big we can make withdrawals smoothly.

And that's because you've violated their rules. If you have done nothing then for sure that you're still going to be able to do just like any other normal active players that they have. As they only stop and ban players that go against their terms so, if you've experienced that, it's likely that you did a wrong thing. But if you think that you didn't do anything bad, you can contest that to the admins of that casino and show proof that you're just doing fine and they should haven't done that.

Gambling on crypto provides more security and privacy although some information is stored on the currency with the help of blockchain technology, transfer routes cannot be tracked. So if you gamble your money at a crypto casino no one will find your money activity not even the crypto casino does not charge you a deposit as well as withdrawals. So you don't have to worry about payment processing charges as well as any charges for the middleman this is why payment processes are instantaneous deposits and withdrawals are lightning fast and can transact unlimited time.

I'm also more comfortable gambling with crypto because of the convenience that it provides as well as the anonymity and security that every gambler wants. It has the same risks when playing using fiat but its security has an edge. I also find it thrilling since blockchain technology is volatile so it's too challenging.

You have a valid point, but Lol gambling sites are now requiring KYC, so there is no longer any anonymity. Although crypto is excellent in terms of convenience, being fast and dependable, the real problem is the feeling one gets when entering a casino. I haven't heard of any casinos (actual casinos) that accept cryptocurrency yet; typically, crypto is used online, which I believe is the case for the majority of sites, but in real life, I haven't heard of any; however, I believe that using fiat on physical casinos is still preferable.

We have our own way of choosing what currency we want to deposit and withdraw instead of fiat. Crypto gambling provides us so many coins that we can use to gamble and with anonymity, we can prevent revealing ourselves to the casino. We do not have to send any documents to them, although some crypto casinos can ask us. But still, if we are only a small gambler, they will not ask that and will allow us to withdraw the money and we do not have to feel the rules are too strict.

I think the main difference of using crypto versus fiat money is the ease of transactions.  Using cryptocurrency is a lot faster and more smooth than using fiat in my opinion.  Before bitcoin was implemented often using offshore websites would take weeks to months to get a payout.  They also would send checks from shady looking offshore banks.  Using bitcoin makes things more private and just smoother overall.

This topic have been already extensively discussed and at the end of the day I do think that gambling with cryptocurrencies provides a person with immense opportunities to look out for their privacy and at the same time it's also very easy and more enjoyable since you go to any site there are so many games available. Also with fiat there are limited options and with the Gambling industry based on cryptocurrencies it's more easy to find variety of games and the features are better, it's more private and it feels like you are just playing online games. Fiat gambling online is still in progress and generally it's finely regulated.

Well, first of all congrats and welcome in crypto world my friend but what do you mean when you say more effective than fiat? Is it the win? You can win more win you use cryptos more than fiat? Well, if that's it then go on, continue believing on it as it seems it bring more benefit to you than harm but in my own experience, using cryptos does not increase my winnings and to me, gambling is all about luck and skills depending on the game your playing.

The pros of using cryptos is that I can gamble online and for the cons, cannot think of any. The pros of using a fiat is that its straight away, no need for conversion but the cons is that offline gambling using fiat are mostly illegal in my place.

I'm not too sure what kind of security did you mean, I think it depends on where or which casino we choose to play with. Meanwhile regarding anonymity, we all know in these days crypto casinos aren't totally support such kind of anonymity for its users anymore. They could ask for KYC in the first place or later, but I don't deny the fact that crypto casinos provide more advantages compared to fiat in terms of users privacy.

It's the anonymous and huge funding opportunity available in cryptocurrency gambling that gives me more excitement. Compared to the withdrawal limits in fiat gambling crypto currency withdrawal could be sent direct to a decentralized wallet where the gambler has full control of their funds making withdrawal from it in bit or in large amount depending on choice

Of course, crypto gambling allows us to maintain privacy without having to provide any identity to the sites we use (except email). We may also select sites that do not require winners to go through KYC to withdraw their money from the site. As for KYS, I'm not so sure gambling whales would be willing to give their identities to the site and this would be done by other normal gamblers as well.

The site reserves the right to request KYC from its gambler in certain cases. I'm not sure big wins are the reason why sites require KYC, usually because the user violated the ToS or some other violation.

Well, If you're a fan of anonymity and you hate linking your credit card, debit card, or your PayPal account and other financial account, then I guess crypto casino and sports betting is good for you.
I can't think of anything that's more advantageous than this in Cryptocurrency compared to fiat betting.

You only need to be careful and read the company TOS to avoid your funds from getting compromised.

The site may ask to go through KYC if your funds are linked to dirty wallets that are involved in illegal activities. You can get such funds through a P2P exchanger and not even know about it. So even if you buy cryptocurrencies with legal funds you should always be ready that the casino can ask you to confirm your identity at any moment.

There are also lots of nuances that come into play that crypto can help get around - you mentioned credit cards, but this form of funding on gambling sites is often prohibited now, but you might be able to buy crypto using one instead. One of the major disadvantages of these crypto casinos is that they are often cloaked in anonymity, which can be a big problem if anything goes wrong and it is more likely to go wrong if the owners have less chance of facing criminal responsibility. You'd be surprised how easy it is to chain together these offshore companies, supposedly regulated, if you have enough cash to pay for the right services - you'd more likely to catch a ghost than uncover the real owners behind these layers of secrecy.

Possible but in most rare cases because most gambling sites wont able to monitor out every single user in the platform on which they do able to see those vioation or lapses but to think that once you do get caught then for sure you would experience problems.

Its been years that possible KYC could really be asked out if there are malicious or shady activity that a user had able to commit with.So expect that odds of being on that situation could really be that high.

There's no need to improve on our side but on the gambling operators, they have to compete very well in order to give us the best gambling experience. Most gambling sites now are creating their platform like a one-stop shopping, some have casinos and sportsbooks in their sites and they also accept a wide variety of cryptocurrencies, the more coins added with fast and cheap transactions are better, it will help us save from some fees and will help us to transact faster.

^ Probably not all the time and it depends on the amount that is involved, it will always be suspicious when someone deposits a large amount and that is the time a gambling casino will for sure ask further documents for the KYC, but if the amount is small that enough for you to gamble in one session, probably there is no a problem with that. I think it always matters on the amount, so I advise anyone to deposit only a small amount and there is no problem.
And don't think that the gambling casino is the way that you hide your identity by using coin mixers, you will face big trouble on that.

yeah, it does have its advantages compared when gambling on a fiat online casino. just curious, would you mind sharing what you think are some of the pros and cons of a crypto casino?

OP is not saying that we need to improve. OP is saying what can we do(like giving suggestions) to improve crypto gambling casinos. hence the discussion of pros and cons.

For me betting with crypto is much more easier and much more effective. Its easier to bet especially with litecoin that is really fast to deposit also betting on casinos that have instant deposits and cashouts is really good. Not much approval or wait time to get your funds.

Are the only people I'm seeing doing well in life thanks to the fact that there are altcoins and people use altcoins to gamble? are the owners of casinos. yes the owners of casinos have a hundred reasons to celebrate because they can have many customers since several people can use the casino, of course other people who do not own the casino will benefit too

Some the people like gambling with crypto because:
- They can lay gambling as well online with crypto, moreover because gambling is prohibited in their country and we can play gambling online with crypto without worrying about the prohibition (like me  ;D)
- We can find many crypto gambling platforms that accept from many countries around the world, well, some of them also need KYC and some are not. And this is the choice of every gambler to do that KYC or not, each has also pros andcons.
- We can choose more options of payment, we can deposit with more types of cryptocurrencies, not only Bitcoin. So we have more choices to consider, especially about the availability of the crypto and also the fee of transfers.
- We commonly will also find out every type of gambling, like in the online gambling with fiat, so, this is no problem.

cons:
- As I have told above, we may still face some options between doing gambling only platforms that need KYC, if no, we can skip that
- We may find some scam platforms, so be careful. Always research at first the platform that we want to play gambling, Here in this forum, there is a scam acusation board.
-

This is what I call having responsibility, one cannot control everything that belongs to other people, much less control the money they have available to spend, I believe that each person should have a risk management plan, and nobody can get involved in it, with what right can it impose what and how to spend money, whether in fiat or cryptocurrency, when we are making a bet, what must be taken into account as a first option is to be willing to lose that amount of money and the biggest mistake The great thing about a person is to get carried away by positivism and only think about what they will gain, and that is where failure lies. I am not against positivism, in fact I am very positive, but in a bet, whether in crypto or in FIAT, you have to take the option that the money that is taken to the bet will be lost, and it is better that way so as not to falling into possible depression.

Crypto gambling has become more popular in few years and you could find out the list is long for some reputed and legit crypto casinos in the market making huge profits with it.There are people who prefer to have some physical and real time gambling with fiat in those casinos but now most of them prefer it to be online as it have same perks and wide variety of games and slots.

The other reasons include the anonymous and no KYC features that make these crypto casinos distinct from fiat ones and moreover you can play with 3-4 coins they accept with low level of fees also and no indentity is revealed for yourself.They their own range on benefits.

I am not a fan of Credit cards , never that i rely my life on that usage .

Don't worry because it is fewer now that crypto gambling site is focusing in anonymity as most of them are requiring KYC nowadays.
Can you give me even a single gambling case that progress? i mean a person that successfully bring site owner to jail? or atleast made them pay big amount?

Yes the main reason I think is there is no KYC system when you are gambling in crypto and people want to do gambling anonymously. This is the reason for me to switch from fiat gambling to crypto gambling.
Also KYC process can get quiet frustrating some times and they dont let you withdraw until you do the KYC.
Hence I prefer gambling in crypto.

I am not very clear what you mean by "effective", but I can tell you that crypto sites usually offer better conditions, lower HE, for example. This is because they usually have licenses in tax havens, and some don't even have licenses, so the costs for regulations and taxes are lower. That way they can attract players with a higher return while making money at the same time.

All of this apart from the fact that many times they are skirting the legality, as mentioned, as they accept players from countries where a license from the country is needed to operate, etc.

it will be fair for us gamblers if a casino put a notice if they require kyc or not and us gamblers we need to make it a habit to check the terms and conditions because  they sometimes include it there  .

Effective in terms of?

If Convenience is that you meant then yes, its more easier to gamble with crypto also you can gamble without KYC on most of the casinos but in terms of winning it doesn't depends on crypto, your luck decides it.

Betting using crypto compared to fiat, there is indeed a lot of difference, if you look at current technological developments with the rise of gambling sites that offer crypto to be able to place bets, If you go to a physical casino house of course fiat is always effective in placing bets, but if an online site that is definitely crypto is more professional, not a few local gambling sites are currently changing the fiat system to crypto, this is all a demand factor, keep up with the times.

There are many considerations of people gambling using crypto, overall, easy, cheap, safe and affordable.

With crypto and other coins?! That's funny! :)


When it comes to lucky-based games it's probably more effective to gamble with crypto than with fiat... but more experienced players will probably say that fiat bookies offer more than crypto bookies, and fiat poker has more players and games. Of course, some of those fiat casinos accept BTC, but anyway they are still fiat oriented, and mostly your crypto deposits are converted to fiat!


We had many "crypto gambling pros & cons" threads here... Bottom line is that you need to play in your favorite crypto casinos if you are a crypto gambling supporter and if you notice anything that can be improved you can write your feedback in casino ANN threads! It's how we can contribute as a community! And if you see that the casino is paying attention to our feedback you can be sure that the team behind a specific casino is working on development, so it's logical to think they can be only better and it's good to be there!

It's understable that many expect to earn while playing but in reality we might struggle if we always into profits. But we cannot also say its more easier to gamble online since maybe for now KYC has not been mandatory but for sure if there's regulation happened with reputable casino we will experience this so lets expect that this will happen knowing we might face this once the casino notice something strange on our accounts. Also in terms of winning all will matter on our luck since we cannot guarantee to win always by using crypto.

In most cases, it's visible and already there before someone sign's up.

They're putting that already in their FAQ and terms and condition and that's fair to everyone. It's the responsibility of the user to check the terms the casino he's playing with. I don't think that will consume a lot of time just for the checking in.

The problem for some gamblers, they don't check it and when they're asked to proceed for the kyc, they complain but they haven't read the terms when suddenly being asked.

I wonder what makes things different by the word effective, effective on what? winning, playing, or depositing, there's hardly difference except you are using a Crypto where you are anonymous and you can track your payment and the transaction is fast when it comes to games and features, there's little difference, Crypto casinos are beating the fiat-based casinos, there are always new casinos every month in Cryptocurrency gambling.

Even if we have mandatory KYC it is more convenient in crypto casino when it comes to deposit and withdrawals because we don't have to wait for the banks to approve our transaction or ask the source of funds when it comes to deposit. Apart from that everything is similar but in future more crypto casino then it will give better choice for the gamblers to pick.

Indeed, some casinos have been required to KYC according to their procedures as a condition, but it will still be the cryptocurrency of choice compared to fiat, we are easier to use in transactions called P2P so there is no other party and our deposits or withdrawals will remain anonymous, that's what becomes my choice.
Honestly, that's what is doubtful about depositing Fiat when later you are asked where the source of the funds will come from, then this will be more difficult to explain and of course it will take time to provide an explanation.

What I find amusing when using cryptocurrencies to gamble is you forget how much it is. You don't convert to USD when you got used to crypto payments. Example is I gamble 10k satoshis and won 17k, I won't have the urgency to try and look at google BTC - USD conversion with how much I made, I just know I won more from betting and that's it. Less stress, No KYC, and you will be able to relax knowing you just bet for a tiny amount in Bitcoin specifically. I think that is enough reason for me to use it more. 

I do agree on this one which is totally true on which there wont really be a hassle when it comes to deposits and withdrawals as long you had able to comply  with those KYC requirements then transactions neither
deposits/withdraw would really be on ease not like when you are dealing with fiat casinos and this had been the edge and we do much prefer on having this rather than with those hassle things around.
We do love fast and easy way to gamble without the need on waiting up something and even myself wont really be that patient when it comes to this manner and for sure most gamblers do also.

This is something that has also happened to me, at the beginning I thought about it and tried to convert the amount of bitcoin that I was betting into dollars to get an idea of how much I was betting, but now I do not even bother with such a thing, it is just a waste of time to try to think in terms of dollars when I am not even using it, it is way better to just think in terms of satoshis as not only this faster but easier to do as well.

Well, there is a behavior of the casino that they will always ask KYC if the amount you deposited is a large amount. I think the casino will never care where it comes from a small amount that you deposit and it will always ask a KYC when you deposited a large amount even if it is where it comes from. I don't think also as a p2p transaction is good for the gambling casino it usually has a problem. The normal transaction would be better in my own opinion.

If thats the case, then how about those people or whales who had been playing on the site but havent been asked out a single thing? Ex. Rollbit (my signature) on which i dont see that there are some verifications
been asked or needed for them to play on the time that they do deposit big amounts.Well, there might be some time or probabilities but it would be good if there would be no hassle
nor strings attached whether you do deposit big or withdrawn big.

Pros/Cons? There are general ones on which I'm sure you already know and no need for any elaboration.

Self-advantage or disadvantage will depend on your experience.

Eventually while continuing to be involved in gambling, you will determine those advantages and disadvantages for you.

Don't stress yourself out just knowing how much you win or earn but instead enjoy the game since gambling is for entertainment only you don't have to necessarily count how much you earn because it's not for making money, it's for entertainment. Although, earning while playing is better since you can play more.

I think you have to set a winning x lose record so that you can determine how much you really win and by doing that you do the math later.

I know how it is. I played a few times in 2018 and 19 when the market was bearish and I had some signature money to spend. Stupid me thought what's another 0.001 BTC Losing $10 doesn't hurt at all. Losing $50 in a single bet begins to hurt when you know you could have even more than that if you held your coins.
Anyway, there's no use crying over spilled milk. Gambling is like spending. You decided to spend early on, your loss.

I guess that depends on your betting style at first I barely look at the fiat value of my deposit but as the price continues to go up I slowly became conscious of the amount i'm placing so I tend to use conversion rates.

Also, most casinos have the price of bitcoin posted somewhere on their page so it's easy to calculate the value mentally.

Most of us know what it feels big losing money in a single bet and I am sure many of us already have that experience. We may not remember how much the price is because we enjoy playing gambling. But after we send the coin to the market or the other place to sell the coins, we know how much money we can convert from the coin.
As long as we know how much money we spend on gambling and do not spend more than we can afford, we will be okay.

I also never thought about how much victory I got from gambling. In fact, to be honest, I have experienced more losses when playing gambling.
Because from the very beginning my goal of playing gambling was just for entertainment and to release the stress that I get when I work.
So even if I get a win, I think it's just a bonus. I don't want to make gambling a source of income, because it is very difficult to expect to get
a consistent profit from gambling. In my opinion, gambling, which relies on luck to win, can make us stressed if it is used as a source of income.
So making gambling for entertainment is the best decision, so when gambling, either losing or winning, we can enjoy it.

Gambling with crypto currencies are much more efficient than gambling with fiat currency. To make a deposit, you just have to send it from your wallet. It takes only few seconds to send. No third parties involved, so no hassle. When withdrawing, you send it to your address and you receive it within seconds. No funds are on hold or frozen once it has been sent. But with fiat, it is sometimes much more complicated since third parties are involved. Sometimes bank transfer might take few days. There are sometimes delay when receiving your funds. And there is always a chance that the banks might freeze your funds. Cons? Can't actually think of any.

As our colleagues from BTT note here in the topic, the obvious advantage of cryptocurrencies is the elimination of an unnecessary intermediary in payments - the bank.  Moreover, he usually takes a commission for the transfer.  But with cryptocurrency and payments, of course, there can be difficulties, first of all, when you make a withdrawal of funds to your wallet.  This is where the casino may start requiring various identity verification options (which is frustrating if you wanted to remain anonymous).  Moreover, this personal data can include even video selfies or utility bills.  I think these requirements are too high.  But many people demand it.  
Here is a very good table on KYC requirements:

https://bitcointalk.org/index.php?topic=5381143.msg58974603#msg58974603

We should do that if we want to play gambling so we do not have to get more stress from gambling.
As long as you can treat gambling as it is, you will have a chance to enjoy and release the stress you get from the other places, but you should not have any target on how many winning you can get as that will depend on your luck.
I think the other gamblers will have the same thing as us so we can still play gambling anytime we want and not get stressed because we lose because we do not use too big money to gamble.
But that will give more stress if you use big money and do not know when to stop.

Wouldn't the one would find to play in in the first place in casinos that don't have strict KYC requirements, even when withdrawals? Some casinos have strict KYC requirements though already in the first place though afaik, as long as you read the TOS well enough it should be pretty easy to understand if a casino has withdrawal KYC requirements. It's not really high, it's KYC in the first place, it's supposed to be strict and stuff like that.
Not on experience really, but rather based on what coins/exchanges you are using since the experience on using crypto is pretty linear, it's just dependent on "what" you actually use.

Most of us here are crypto gamblers, the pros I can see with crypto is that it's anonymous and there's a lot of available coins that gambling site accepts cryptocurrency, the downside is that the price is volatile but not much of a problem another downside is the tx fee especially with Bitcoin and Ethereum. In regards with fiat if it is stable but most of the gambling sites won't allow you to withdraw big amount of money.

It is not anonymous gambling anymore when you get KYC'ed by the casino which kills the purpose of gambling with cryptocurrencies. There are certain casinos like freebitco.in which don't ask for KYC. (they never did as far as I know) Unless you play on these casinos, it makes no difference whether you use FIAT or crypto. They'll know who you are.

If you are worried about the volatility of cryptocurrencies, do not deposit large sums at gambling sites, and if you increase your account by winning, then withdraw funds and change them into stabelcoins. Many gambling sites offer an opportunity to deposit and play in stabelcoins which have no volatility compared to BTC or Ethereum.

If you are talking about the gambling experience itself, then I would say it's almost the same regardless of whether you're playing with fiat or cryptos. Fiat and crypto casinos have practically the same games and offer the same features.

There are few advantages in gambling in crypto though, such as the low transactions fees, higher withdrawal limits, less stringent kyc requirements and most of all availability in countries where thete are limits for foreign transactions.

Correction accepted
You're right maybe more accurately anonymity is really difficult when casinos ask us to complete KYC. It's just not enough at one or two bets because we have a lot of options to play. KYC is unavoidable, it's just that as much as possible choosing and selecting a reputable casino can minimize something that is not expected. It goes back to the gambler's own criteria, does he really want to stay away from KYC? almost every casino is now under government surveillance.

So do you feel up to this moment your personal data is still safe?

the most striking and most important difference is KYC, because many players do not want to reveal their identities and therefore using crypto is the right solution because it is anonymous.
Crypto casinos continue to grow and become popular because of the many advantages, especially identity security, convenience and also fast and cheap transactions that make people who are familiar with crypto switch to using crypto for betting, and many other advantages over casinos that use fiat.

Not all crypto gambling. It's only in Blockchain gambling platforms that you see a total KYC free gambling sites. I will buy into the fast and convience opportunity created with crypto gambling and to add to it it's more easier funding with larger amount and moving them back to your wallets without having the centralized financial institution interfering in how much moves between your gambling wallets and your non-custodial wallet

From that point of view, it will be really easier just do not use crypto for gambling, rather deposit small sums etc
Especially, that nowadays crypto casinos ask for KYC the same as ordinary. But, for example, pokerstars.com have a license of UK/USA and i'm more confident that my personal data will be in safe with licensed casino.

So there only two reasons to play with crypto: if you want to make more crypto or if you found crypto casino without KYC

what do you mean by blockchain gambling here? do you mean decentralised casinos? anyway, i somewhat agree about most casinos here - even if they say they are not requiring KYC, but if you are a high roller, expect that at some point they may ask KYC from you. this is to avoid possible violation from their respective gaming license authority.
but i noticed that most popular casinos are centralised. those dapp casinos are not doing good as compared to popular centralised casinos. but maybe, that's just my observation.

Maybe the likes of him and it's more convenient to him to gamble in crypto and not with fiat. People who have experienced both which mostly all of us here got into both of them.

Crypto casinos are popular these days because of the easier process that they implement rather than the fiat online casinos. And as we see new casinos coming, we also need to be careful with them because not all of them are here in business.

For sure most of us aren't blind on not to see that decentralized casinos doesn't really get much attention compared to centralized casinos that we do have as of today basing off with numbers then theres

really a huge gap in between two which we can really conclude that majority of gamblers are fine on dealing on popular sites now.I don't have much idea if those big depositors or rollers would be asked

out with some mandatory KYC or would not ask despite of being a whale player but I wont be surprised if they would considering the amount involved plus its a platform which is
really abiding some government rules.

^ But the fact is, due to the KYC compliance there are few crypto gambling casinos that are mandatory to have KYC procedure.
So not all crypto gambling casino is free from KYC, they can also ask KYC especially if you are a big player which is expecting large deposits.
However, a crypto casino is very convenient to use and while you can also hold your asset while waiting when it will raise back again and if that will happen, it seems you have been won twice.

Commissions for transferring funds in bitcoin have been very small for quite a long time, at least for replenishing an account. Casinos are usually insured and use a flat withdrawal fee, but you can withdraw in another cheaper currency. It is better not to deal with Ethereum at all (unless you are a high roller) the commissions are absolutely unacceptable. If you are worried about volatility, then use stablecoins, most casinos work with them, and by the way, working with them in the Solana and Tron networks requires meager commissions.

So, when choosing cryptos you get much more privacy because you don't need to use third parties to send funds to the casino, crypto goes straight from your wallet to the casino's.
As for KYC, at least to play it you will not have to go through this verification, but if you have high winnings at the casino and want to withdraw a high amount, even in a crypto game you will possibly have to do KYC, depending on the site .
As for Fiat casinos, I don't see any advantages.

When it comes to crypto and fiat gambling, there are no differences, except that in some casinos you can play anonymously for cryptocurrencies. When it comes to fiat, verification is always required. Besides that, the games and features are almost identical.
The differences are between gambling in a casino and betting on sports results at a bookmaker.

Almost identical which i do really agree and they do really differ in terms of payment options plus having that verification/KYC which do most people do really hate and this is why
they do much prefer on using or playing here on cryptospace.Gambling in crypto does offer some several games which are unique or cant be seen on fiats which you could
choose wide variety of them specially on crash and other luck based ones which you cant find in fiat which it do really make me switch up whether dealing on a fiat
casino or crypto one wouldnt really matter as long you do enjoy then thats already considered good.

I don't know what you mean by "effective"? As for the fact that playing for cryptocurrencies there is a greater chance of winning than playing for fiat, I doubt that it would be so. I think the probability of winning is very similar, but of course it depends on each casino and its House Edge. However, the big advantage can be authentication via blockchain when the crypto casino is provably fair.

I dont believe about chances of winning  differences because odds would really be just the same neither you do engage with fiat or crypto it would really be just the same.
They would only vary on payment terms and that verifying bets same as you mentioned which do really give out some impressions that you are dealing with things fairly
Unlike when you do play on fiat casinos which you couldnt be sure if they are fair or not and thats truly an advantage or good to know as a gambler
or user of a site.

No difference? Of course there is a difference.
When you're transfering your fund to an online casino, it'll usually takes time for fiat to reach to your account, especially if there's a need for you to convert your local currency into dollars. For that you'll be charge for another buck even before you make the transfer. While, crypto doesn't need to be converted (in most occasion) and It'll almost instantly deposited to your online casino account.
That's one of the huge difference between the two except for the anonymity which also makes the huge difference as well.

I can't see the sense of doing it. If we deposit by batches, we might end up paying more fees.

For gambling-related activities, just deposit the amount we are willing to risk then gamble it properly. No need by batches or small amount.

The community aspect of most crypto casinos are simply unmatched by current fiat counterparts.

Also, the fact that you can deposit and withdraw funds almost on an instantaneous basis is definitely worth using crypto tokens imo.

Plus, if you were bullish on crypto (like me), you don't necessarily want to gamble in a native fiat ecosystem as you miss out on the potential capital gains that crypto brings to the table.

I guess the feelings will be different from using fiat and crypto as we know that fiat gambling sites will need us to follow their rules, including doing KYC, while in crypto gambling sites, some crypto gambling sites will let their users without doing KYC. That is the more benefits of crypto gambling sites than fiat gambling sites and we who use crypto will stay anonymous while playing gambling. But some fiat-crypto gambling users will still use fiat to gamble as they do not want to try a new experience.

You are right, don't spend too much money when gambling, it only stresses us when we lose. Then what is dangerous is that the defeat of using
large capital makes us lose control, and try to cover up the defeats that we experience, then ultimately make us experience even greater losses.
Because the fact is that casinos always win, so we must learn to accept defeat when gambling. To be able to accept defeat we must ask ourselves,
how much money we are willing to lose if we lose. Because everyone is different, so just limit the money we will use to gamble according to the limits
we want. I myself have separated the money that I will use to gamble every weekend, so if the money runs out it means I have to stop gambling.
By limiting the money for gambling, I can avoid stress, and it finally made me avoid gambling addiction too.

I gamble using crypto and fiat ,both are far different and superior to using crypto so far (IMO) ! because using fiat I always get carried away by emotions and drifted in a frantic feeling ,between curiosity and a little addiction too ! using crypto can manage my finances how much money can I spend buying crypto ,if I lose I'll stop but if I win it will bring abundant profits ^{price volatility} !

It will not be suggested if you gamble using large capital, especially if you do not have good control to manage the money because when you lose some time, you will not think about how much you already losses instead of still playing for more.
It will lead you to use more money but you do not see your money is already reduced a lot.
If you use fiat or crypto, controlling your money will be important and just accept the losses and leave the gambling while you can.

I haven't felt that only with gambling with the other because that feeling of moving my emotions is always there whenever I gamble with fiat and crypto.

But since we're all here, we're really liking the use of crypto and it's true. Whenever we win, we can hold those profits and wait until the price goes up so it's like another additional profit after winning.

in gambling there is no exact amount needed to use but at least you must Obliged yourself to have a budget amount to use and a target percent before stopping , if you can put these into action then you will always be saved in your gambling activities .

Only use the budget to let lose and use the target to let go.

I have learned those strategy when i become a gambling addict in which almost ruined my family life.

Gambling the allocated fund that you could afford to lose would be a smart decision. We should keep in mind that there's no guarantee of sure profit in gambling so we must be wise in spending. Either crypto or fiat, you should know how to use your funds wisely and never use all of it in gambling because you might regret losing everything in the end.

I'm not sure how can gamble with fiat give you worst effect than crypto while it should have no different at all especially if we are talking about addiction. Money management also should not be different as it is about how serious we are in controlling ourselves. Last thing, crypto does not give guarantee of abundant profits due to its volatility because you may lose your profit when you win if the price is dumped significantly.

I agree.

Using fiat or cryptocurrency is just the same, because you are betting your currency. The only difference is that obtaining fiat is much easier than obtaining cryptocurrency, that's why you think using it is worst than using cryptocurrency. But the cons in using cryptocurrency is that you're losing much more in the long run, because of volatility, if you use it to trading (stock trading) buy low, sell high, maybe you'll earn profits rather than losing too often in gambling.

I believe that I am speaking on a general perspective, and as much as the volatility of crypto has been a worry for the many, it is also what makes crypto gambling more exciting and gives the opportunity to increase the value of your money. I must agree with that there are gambling sites that are featuring stabelcoins, and so that leaves tx fees as one of the concerns in crypto gambling.

It's a constant reminder to allocate a fund that you can afford to lose because exceeding on you limitation or overspending on your allocated fund may probably fall a gambler into debt.  And as a gambler this one should be a top reminder if we want a peaceful life after gambling. What I mean about it is that when you loss your allocated in gambling you will jot be very discourage and depressant because you know to yourself that this certain amount is what you can afford to lose. This kind of reminder doesn't sit on on fiat but also in crypto or in any aspect of finances.