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Author Topic: How Bitcoin is Spreading to Online Casinos  (Read 6452 times)
CBG81 (OP)
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May 03, 2016, 10:00:29 PM
 #1

Some interesting info especially if you are new to online gambling and how bitcoin can be used: A Bit of Coin: Bitcoin Spreading to Online Casinos
Junko
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May 03, 2016, 10:25:56 PM
 #2

Informative article for gamblers totally new to bitcoin and online gambling I guess.

The key though is if such casinos offer both bitcoin deposits AND bitcoin withdrawals, as well as no ID/address verification.

Unless I missed it, the article didn't list any online casinos that did more than just accept bitcoin deposits.
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May 04, 2016, 03:42:19 AM
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The key though is if such casinos offer both bitcoin deposits AND bitcoin withdrawals, as well as no ID/address verification.
^This. I am seeing a lot of threads lately where users are crying because they couldn't withdraw their winnings because either they didn't fill up their KYC forms and/or didn't read the T&Cs in detail and end up losing it all. Anytime you play at any casino, make sure you know the terms clearly beforehand. Also, provably fair should be a must.

Joel_Jantsen
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May 04, 2016, 04:56:30 AM
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^This. I am seeing a lot of threads lately where users are crying because they couldn't withdraw their winnings because either they didn't fill up their KYC forms and/or didn't read the T&Cs in detail and end up losing it all. Anytime you play at any casino, make sure you know the terms clearly beforehand. Also, provably fair should be a must.

Mostly the terms and condition applies to casinos from their registered countries .What if you're playing using a VPN and casinos are banned in your country ? You can't submit any KYC forms for all the casinos.
NordicRanger
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May 04, 2016, 08:23:56 AM
 #5

Yeah Bitcoin is getting a big name in the online casino world. The fact that some of these casino were beginning to accept Bitcoin as a available currency sparked things up. Now many other casinos want to make use of Bitcoin.
CBG81 (OP)
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May 04, 2016, 12:10:03 PM
 #6

Informative article for gamblers totally new to bitcoin and online gambling I guess.

The key though is if such casinos offer both bitcoin deposits AND bitcoin withdrawals, as well as no ID/address verification.

Unless I missed it, the article didn't list any online casinos that did more than just accept bitcoin deposits.

Yes there is a reference link within that article to the page where they list casinos that allow deposits/withdrawals via bitcoin -> http://www.latestcasinobonuses.com/banking/Bitcoin-casinos.html
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May 04, 2016, 12:17:44 PM
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WOW! This was a good read for people who are new to gambling with bitcoin!! Id recommend letting a friend whose interested in btc but doesn't know about it yet to read this.

ill handcuff you to the shower and put an apple in your mouth with the water running on cold then you handcuff me to the bed and go to town.. just dont BURN the house down with your hot ass oven cus i will be dead and you will be gone
CBG81 (OP)
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May 04, 2016, 12:40:40 PM
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Yeah Bitcoin is getting a big name in the online casino world. The fact that some of these casino were beginning to accept Bitcoin as a available currency sparked things up. Now many other casinos want to make use of Bitcoin.

thats correct. Espeically in the USA market ( having in mind UIGEA ) and money processing is getting harder and harder so more and more of those US facing casinos are moving over to bitcoin ( we all understand why )
NUFCrichard
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May 04, 2016, 01:04:14 PM
 #9

Bitcoin (and associated alts) are pretty much perfect for gambling.

They are a step removed from 'real' fiat money, meaning people will more readily bet them than cash (much like casino chips)
They are easy to send and pay out winnings in too, i.e. the bet can be placed in a wallet and immediately the winning paid to the sending address if it wins.
It is wordwide, just like gambling.

Bookmakers and casinos have been slow on the uptake really.
CBG81 (OP)
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May 04, 2016, 01:25:49 PM
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thats true.  the privacy factor that bit coin offers is crucial here I think. Most bitcoin casinos do not require KYC , and payouts are usually instant which is what all gamblers want.
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May 04, 2016, 01:43:03 PM
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Pretty interesting article for new users I guess, but nothing to be learned for people who are already familiar with bitcoin and crypto currency in general.

AsaroUk
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May 04, 2016, 01:44:50 PM
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As you can see now you see that the value is going to rise and more people will also get to know about it because there are still a lot of people that dont know how Bitcoin works.
But as you can see now you see that Bitcoin is also getting more acceptable and that is perfect.
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May 04, 2016, 01:45:53 PM
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thats true.  the privacy factor that bit coin offers is crucial here I think. Most bitcoin casinos do not require KYC , and payouts are usually instant which is what all gamblers want.

i agree the privacy these technologies (using bitcoin or altcoins) offer is very good for gamblers especially those who live in countries with laws against gambling.

but also lets not forget about the ability to make micro-transactions or huge transactions with very tiny fee. so everybody can gamble even if they have very small amount.

Holding Bitcoin More Every Day
CBG81 (OP)
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May 04, 2016, 02:02:17 PM
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Pretty interesting article for new users I guess, but nothing to be learned for people who are already familiar with bitcoin and crypto currency in general.

yes indeed it is meant for the newbies but wouldnt necessarily agree that there is nothing to be learned for more experienced. they do list all online casinos by deposit/withdrawal options for bitcoin . also type of offers these sites have etc.
MaritiJames3
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May 04, 2016, 02:28:11 PM
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Some interesting info especially if you are new to online gambling and how bitcoin can be used: A Bit of Coin: Bitcoin Spreading to Online Casinos
First there were just a couple of gambling sites that allowed Bitcoin to be used as an currency and that went really good. Other gambling sites saw this and now they also want Bitcoin as an currency.
CBG81 (OP)
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May 04, 2016, 02:50:44 PM
 #16

well thats just the thing. if u want to stay competitive then you gotta keep up with the trend(s). And bitcoin is trending in online gambling. This is definitely a good thing for players.
Adrorecia
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May 04, 2016, 03:04:09 PM
 #17

Most of the time bitcoins are used for gamble. Don't know why people just want's to gamble with it
if they also can play with normal gold but maybe there's a nice profit for gambling with coins.
There are allot of online casinos where you can play for coins but don't trust them all!
CBG81 (OP)
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May 04, 2016, 03:30:01 PM
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There are allot of online casinos where you can play for coins but don't trust them all!

well thats why you gotta do your homework before playing at any of these casinos. Check for the reviews and player comments first , that the best advice I can give u.
Red-Apple
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May 04, 2016, 04:41:37 PM
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There are allot of online casinos where you can play for coins but don't trust them all!

well thats why you gotta do your homework before playing at any of these casinos. Check for the reviews and player comments first , that the best advice I can give u.

that is right, you should always do some research before using any services, especially when it involves money and double important is when it involves bitcoin since it is anonymous also.

but you can never be 100% sure about these things because they can still run away like the big exchangers like Cryptsy that ran away with our money.

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May 04, 2016, 05:37:07 PM
 #20


There are allot of online casinos where you can play for coins but don't trust them all!

well thats why you gotta do your homework before playing at any of these casinos. Check for the reviews and player comments first , that the best advice I can give u.

Always check reviews on Bitcointalk and other places you trust... big casinos can also scam!!!

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