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Author Topic: The benefits of gambling online with Bitcoin  (Read 723 times)
SlickWhistle
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September 01, 2017, 05:40:06 PM
 #1

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?


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September 01, 2017, 08:36:33 PM
 #2

BTC gambling is already moderately popular.  One of the most popular BTC gambling sites was 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.
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September 01, 2017, 10:37:12 PM
 #3

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.

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September 01, 2017, 10:57:49 PM
 #4

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?




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.

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September 01, 2017, 11:31:23 PM
 #5

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.



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September 01, 2017, 11:59:42 PM
 #6

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.

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 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..


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September 02, 2017, 01:27:17 AM
 #7

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?



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.

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September 02, 2017, 02:18:13 AM
 #8

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.

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.

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September 02, 2017, 02:52:49 AM
 #9

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?


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.

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September 02, 2017, 03:17:05 AM
 #10

Smaller transaction fees ( if any )

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.

Almost instant access to funds

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

Super fast payouts for bitcoin withdrawals

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

Generous bitcoin deposit bonuses

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

Anonymity for the discreet gambler.

This is the main benefit of bitcoin gambling, even though there are some bitcoin casino requires KYC especially for big withdrawal.
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September 02, 2017, 03:33:46 AM
 #11

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?



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.

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Kanapka
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September 02, 2017, 03:48:19 AM
 #12

For me:

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

ufaiz50
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September 02, 2017, 04:04:39 AM
 #13

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?



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.

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TheNextChampion
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September 02, 2017, 04:04:57 AM
 #14

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.

milewilda
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September 02, 2017, 04:08:40 AM
 #15

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?



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.

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cramcram21
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September 02, 2017, 04:18:09 AM
 #16

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 .



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xuan87
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September 02, 2017, 05:02:11 AM
 #17

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

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September 02, 2017, 06:09:50 AM
 #18

For me:

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


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.

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September 02, 2017, 08:10:33 AM
 #19

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 .

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.

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yugyug
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September 02, 2017, 08:21:52 AM
 #20

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.

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