Is Bitcoin the future of online gambling?

[kidoseagle0312]

What are the chances for the most widespread cryptocurrency to become the de-facto universal payment solution in one of the most diverse segments of the Internet?

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Definitely bitcoin can be the future of online gambling, no need to go in the land base casino, it will be more convenient too. Though not all gamblers like online games there are still want to choose land based casino but for me it is really much better for me to use online gambling sites.

[HaXX0R1337]

In my opinion I believe yes because of its anonymity and just how easy it is to acquire bitcoin these days.
Obviously though those who prefer to gamble online with cash will still do so but throughout the years I even had friends who went from gambling online with cash to gambling online with bitcoin

Bitcoin made it possible to have transaction which cannot be monitored and i did not want my family members to know that i am spending money and time in gambling but with bitcoin i can have the luxury to spend some money in it without my bank nor anyone knowing that i am gambling and that is the real future when it comes to online gambling.

[novemberwoah]

it definitely is, because of anonymity. People dont want to pay with their credit cards online and things like Paypal are not secured at all

i think this is the good reason for the gamblers as they don't need to use their credit cards to playing gambling because using credit cards in online is too risky and could give bad experience when our credit cards data has been stolen. but if we use bitcoin, i think its a bit safe because we are not giving our details in any website and this is my reason when i want to make deposit in gambling sites.

Yes it was also the reason why I prefer to gamble with bitcoin than credit cards. Not everyone has a credit card and it is also risky as you said very vulnerable to data theft. If using bitcoin is very easy to use and my identity is very secret, so safe. Especially now began many gambling sites that use bitcoin, so it may be true bitcoin will be the future of online gambling.

When bitcoin was not introduced, we are really force to gamble using our credit cards or a bank transfer, worst scenario when your information get hack and chances are your money is gone. Bitcoin solve that problem and it's just it's just right to promote bitcoin gambling site to spread awareness of the people or gamblers who are tired of the conventional way. It's easier to gamble with bitcoin and they should be getting such convenience as what we enjoyed.

Yes indeed bitcoin should be introduced because gambling with credit cards is very risky, my friend also experienced it. But I think everyone already know bitcoin gambling sites and even gambling sites that accept credit cards also start accepting bitcoin, bitcoin is proving already known by many people. Online gambling sites have started to realize many advantages to using bitcoin and gamblers have also started choosing bitcoin to gamble. In the future maybe bitcoin will become a major payment on online gambling. It is also ideal for someone who wants to gamble but live in countries that ban gambling.

[shulio]

Bitcoin made it possible to have transaction which cannot be monitored and i did not want my family members to know that i am spending money and time in gambling but with bitcoin i can have the luxury to spend some money in it without my bank nor anyone knowing that i am gambling and that is the real future when it comes to online gambling.

You are wrong , bitcoin transaction can be tracked however they wont really know who the receiver of the fund. The purpose of the casino to add bitcoin is perhaps to lure more bitcoin enthusiasts into gambling therefore they use it . Other than that with bitcoin it allow micro transaction so people can wager a very small amount

[chris200x9]

Bitcoin made it possible to have transaction which cannot be monitored and i did not want my family members to know that i am spending money and time in gambling but with bitcoin i can have the luxury to spend some money in it without my bank nor anyone knowing that I am gambling and that is the real future when it comes to online gambling.

Bitcoin made online gamblers easy to play, But I have one question will you use all your bitcoin just to play gambling, or you will withdraw and convert it into fiat. Because if you convert your money, then you need Bank or PayPal account. Without Bank, we can not use Bitcoin money am I right.

You are wrong , bitcoin transaction can be tracked however they wont really know who the receiver of the fund. The purpose of the casino to add bitcoin is perhaps to lure more bitcoin enthusiasts into gambling therefore they use it . Other than that with bitcoin it allow micro transaction so people can wager a very small amount

I don't know how the Bitcoin transaction will be tracked. If people don't know who the sender and who the receiver then how it will track.

[PokerFace3]

It has been great for me to gamble with btc online. My local bank tried to stop us from gambling online so that everytime we try to deposit money into the online gambling, the credit card company will stop us and want us to file in documents before you can play online. With btc, it is impossible for them to track us and it is so much easier to gamble online.

As long as is not illegal in your country then they have no business telling you what to do with your money, but since bankers are a bunch of thieves they think they own your money since it is in their bank.

Obviously banks won't interfere in our personal life and only disallow actions that are prohibited by the government.

I have been gambling now for an year and half and quite fluent with bitcoins and if you see my earlier past I never did any gambling since it's illegal in my country and if I make bets with friends that never gives the fun of real betting.

[Ashong Salonga]

Bitcoin made it possible to have transaction which cannot be monitored and i did not want my family members to know that i am spending money and time in gambling but with bitcoin i can have the luxury to spend some money in it without my bank nor anyone knowing that I am gambling and that is the real future when it comes to online gambling.

Bitcoin made online gamblers easy to play, But I have one question will you use all your bitcoin just to play gambling, or you will withdraw and convert it into fiat. Because if you convert your money, then you need Bank or PayPal account. Without Bank, we can not use Bitcoin money am I right.

You are wrong , bitcoin transaction can be tracked however they wont really know who the receiver of the fund. The purpose of the casino to add bitcoin is perhaps to lure more bitcoin enthusiasts into gambling therefore they use it . Other than that with bitcoin it allow micro transaction so people can wager a very small amount

I don't know how the Bitcoin transaction will be tracked. If people don't know who the sender and who the receiver then how it will track.

Since there are thousands of transaction per hour being made by blockchain, it would be difficult to track once transaction. However, it can be monitored from what adress it was sent/recieved, but can't be identified where particular that bitcoin came from.

[Oralmat]

I certainly think that Bitcoin and other crypto currencies are a great way to fund online gambling and gaming accounts. It keeps some anonymity and the transfer of fund is easy.

Exactly, bitcoin really helpful for online gambling now and also in future.It is really easy to amount transfer. If i talk about myself, so i started online gambling because of bitcoin, If bitcoin not here than i have no interest on online gambling. Also my few friends who play online gambling they started only for bitcoin. So i can't deny that bitcoin not helpful to promote the online gambling in future.   

[wxa7115]

I think this is one of the segments where bitcoin can truly become the dominant force, some fiat casinos may decide to adopt bitcoin but they will still require KYC, and they will not be competition for the bitcoin casinos that don’t require any kind of verification process.

[freedomgo]

I think this is one of the segments where bitcoin can truly become the dominant force, some fiat casinos may decide to adopt bitcoin but they will still require KYC, and they will not be competition for the bitcoin casinos that don’t require any kind of verification process.

That's acceptable because KYC will be the main factor that the government is asking on establishment registered to them. Bitcoin will only be a payment processor which is way faster and cheaper than a bank to bank transfer or even paypal and the fact that you do not have to reflect your personal information which gives you convenience to gamble.

It's the trend now and will continue in the future, I would not be surprise if bitcoin gambling industry will boom in the near future.

[Henkkaa]

IMO bitcoin definetly is the future of gambling. It allows for fast deposits and withdrawals, low fees and anonymity. I think the only problem currently is the problem with transparency. Even with provably fair systems casinos are rigging rolls and cheating their customers (though the majority of dices are honest). I'm hoping the new Edgeless casino will solve this problem, and make blockchain widely used in casino business to make everything much more transparent.

[RealPhotoshoper]

I think this is one of the segments where bitcoin can truly become the dominant force, some fiat casinos may decide to adopt bitcoin but they will still require KYC, and they will not be competition for the bitcoin casinos that don’t require any kind of verification process.

That's acceptable because KYC will be the main factor that the government is asking on establishment registered to them. Bitcoin will only be a payment processor which is way faster and cheaper than a bank to bank transfer or even paypal and the fact that you do not have to reflect your personal information which gives you convenience to gamble.

It's the trend now and will continue in the future, I would not be surprise if bitcoin gambling industry will boom in the near future.

those casinos who asking for KYC is not fully adopt bitcoin as their payment processor.
they don't want to go completely anonymous as they still have a lot of doubts and fears.
KYC actually protect both players and the casino owner , but in bitcoin casino world it is different.

[shulio]

those casinos who asking for KYC is not fully adopt bitcoin as their payment processor.
they don't want to go completely anonymous as they still have a lot of doubts and fears.
KYC actually protect both players and the casino owner , but in bitcoin casino world it is different.

Some site which is legal actually require you to send them KYC and whenever you are making suspicious activity, they will ask for it. That is why bitcoin and legal casino is not really on the same route regarding this , therefore you either find yourself a site that dont ask for it or surrender yourself and send them the KYC

[emezh10]

I think yes because bitcoin is the digital currency that you can use anonymously and bitcoin transaction can be process worldwide without interaction, So I can say that bitcoin is a tool for gamblers to gambling at the gambling site because we now that in online there's no tax for gambling sites and no can arrest the gambling at that site, So it can be use by gamblers without hesitation. So I think that almost large community of bitcoin users are gamblers and it is possible that bitcoin will became the future tool for online gambling. 

[ethereumhunter]

Yes I think it is because the Bitcoin keeps you anonymous and is very safe with your money.
Also more online gambling sites are accepting the Bitcoin as way to pay on their site. There are even sites that only accept the Bitcoin and nothing else.

i think this is what i like from bitcoin because i can playing gambling without anybody knows that i am playing gambling games. beside that, i don't have to go out from my home to playing gambling as i can do play in my room and i can do another thing like drink coffee or else.

[marcuslong]

IMO bitcoin definetly is the future of gambling. It allows for fast deposits and withdrawals, low fees and anonymity. I think the only problem currently is the problem with transparency. Even with provably fair systems casinos are rigging rolls and cheating their customers (though the majority of dices are honest). I'm hoping the new Edgeless casino will solve this problem, and make blockchain widely used in casino business to make everything much more transparent.

It always depends on the situation still i enjoyed playing on the real gambling than playing on internet yes it was so easy to deposit and it always needs 2 or more confirmation before you withdraw your deposit the advantage of using bitcoin in gambling you're right there that it will hide your identity who you were. People always be anonymous using this.

[shulio]

i think this is what i like from bitcoin because i can playing gambling without anybody knows that i am playing gambling games. beside that, i don't have to go out from my home to playing gambling as i can do play in my room and i can do another thing like drink coffee or else.

It is not a reason to choose bitcoin gambling just like that. There are many site that use fiat as well in online casino , you dont have to step out of your room as well. I can see that many people choose bitcoin gambling because that they dont like to submit document to casino therefore with bitcoin gamblng it is much easier

[wxa7115]

those casinos who asking for KYC is not fully adopt bitcoin as their payment processor.
they don't want to go completely anonymous as they still have a lot of doubts and fears.
KYC actually protect both players and the casino owner , but in bitcoin casino world it is different.

Some site which is legal actually require you to send them KYC and whenever you are making suspicious activity, they will ask for it. That is why bitcoin and legal casino is not really on the same route regarding this , therefore you either find yourself a site that dont ask for it or surrender yourself and send them the KYC

But this is why a truly anonymous bitcoin casino holds a great advantage over any fiat casino, if you have played in a fiat casino and have tried to withdraw money from them you know what I mean, they will ask for all kind of information, pictures of id’s, even selfies and the process can be very slow.

[shulio]

those casinos who asking for KYC is not fully adopt bitcoin as their payment processor.
they don't want to go completely anonymous as they still have a lot of doubts and fears.
KYC actually protect both players and the casino owner , but in bitcoin casino world it is different.

Some site which is legal actually require you to send them KYC and whenever you are making suspicious activity, they will ask for it. That is why bitcoin and legal casino is not really on the same route regarding this , therefore you either find yourself a site that dont ask for it or surrender yourself and send them the KYC

But this is why a truly anonymous bitcoin casino holds a great advantage over any fiat casino, if you have played in a fiat casino and have tried to withdraw money from them you know what I mean, they will ask for all kind of information, pictures of id’s, even selfies and the process can be very slow.

There are no such thing as anonymous casino when it is legalized then everything will need paper work. Well it doesnt really matter because there will always be alot of site that dont need you to send them the KYC. You could always choose which one do you prefer. In the end everything is just going to be legalized

[rickadone]

In the end everything is just going to be legalized

No. Bitcoin system and bitcoin based business could be an exception here as they never need any government approval nor their restrictions will not significantly impact. That is the reason we do call bitcoin is the future of industries where anonymous really matters. Gambling must be one of them as people just want to have some entertainment by being anonymous.