Advantages and Disadvantages use cryptocurrency like Bitcoin for online gambling

[harizen]

For advantage, Im specifically pointing out the comfortability of using bitcoin in any forms of gambling online. Why I found it comfortable? Bitcoin is somehow easy to be accessed by everyone so in here, gambling in any kinds of bitcoin gambling site is just one step away and will take only few steps before we can start. And since bitcoin can be earned by doing various methodsn, we aren't harming our fiat money here in most of th cases.

The disadvantage is, bitcoin gambling site are not regulated compare to fiat gambling site that running legitimately under some government terms. So if ever there is a fraud activity, we can't stop that. So play at your own risk. Comfortability in bitcoin has an equal value of the word opposite from it.

[ikydesu]

I will say that for the casino owners definitely there is more benefits as they are getting more bets with more people coming there without showing their identity but for the community the disadvantage is that even kids also come to these online casino and they play games for money on these online casino and bet for sports etc.

Since over 80% gamblers lost their game, obviously the house have a lot profit.

And since it pseudonym everyone from every gender and age can play easily without worry people know what they use. This is gloomy and ironic, with technology in high level and every kids can used every gadget, they can easily to access this. The parenting of parents is necessary here.

Almost all know about the advantages  of using cryptocurrency like bitcoin for online gaming but many may not have realized some of the disadvantages like you can't catch the scam casino site if they ran away with investors money and also if they steal few hundreds bitcoin from players account because most of the bitcoin casino run without any license from authority and also most of them hide their owners details.

Yes, like i said still haven't found any bitcoin gambling site which have regulation for in this case to avoiding scam scheme.
And there's no chance to track them if the scam scheme happens, could be need pretty big amount to catch them.

[Lauren Smith]

I think its good because ot is quick and easy you can get started without waiting very long and then you can also withdraw quickly.
This is also a disadvantage since you can quickly spend all your money and send a lot of it at once risking everything.