Did the use of online gambling increase with crypto moneys?

[malikusama]

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

Of course a remarkable increase of online gambling has been observed with the increase in use of cryptocurrencies.
The reason why i am saying that is launching of many successful online gambling sites and platforms which are using cryptocurrencies.
Cyrptocurrencies has made online gambling industry more attractive and convenient while insuring anonymity.

[1714557324]

1714557324

[1714557324]

1714557324

[1714557324]

1714557324

[1714557324]

1714557324

[1714557324]

1714557324

[1714557324]

1714557324

[krishnaverma]

Of course a remarkable increase of online gambling has been observed with the increase in use of cryptocurrencies.
The reason why i am saying that is launching of many successful online gambling sites and platforms which are using cryptocurrencies.
Cyrptocurrencies has made online gambling industry more attractive and convenient while insuring anonymity.

1) I am not aware of stats but more payment options are an advantage to players. Some players might not having access to a particular payment type and can thus use crypto.

2) Launch is not a good parameter to judge. Profitability of those sites is.

3) Anonymous payments is the biggest advantage for gambling sites.

[ASHLIUSZ]

Gambling is one of the major industry that has supported in the growth of bitcoin during its early days of existence. Later on more and more gambling websites came into existence with which I believe the usage of online gambling has increased drastically compared to the days before the evolutionary bitcoin into gambling.

[szpalata]

I gamble with cryptocurrencies and so I have multiplied them a couple of times but I always end up selling them for bitcoin and spend them all together or find subsequent bets. I normally increase them in bits (i.e. From 0.1 to 0.4 ether) most of the time in ether run and litecoins.

[lol1yatme]

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

The main advantage of crypto based gambling is that many countries have banned the deposit of money to online gambling sites and this will open up the market from those restriction but the sites in this space have more limit than the fiat based sites which makes it less attractive, we need more competition in this market.

Yeah you are right. My country also banned such sites and you cannot invest in such gambling sites. Bitcoin and other Altcoin are the easiest way to deposit your money because cryptocurrency is still decentralized in many countries and they do not allow trading in crypto. Therefore many gambler use crypto for their gambling addiction.

Yeah it is only crypto that increased the ratio of online gambling. Now many people gamble with their holding because they want to make more and more money in less time but it is their thoughts and nothing more. Finally they lose all their money and their wallets have been cleaned up by site controllers. Better not to gamble with your holdings.

We all want crypto to be spread over the world. We want it to be pervaded in every single corner of the world so that later on it can become supreme currency of the whole world. But that seems not possible if you people start losing them in this gambling. Make good use of crypto. Don’t let your money destroy you. Make yourself understand what is right and what is wrong.

Now someone comes out and say, if we gamble with bitcoin or any altcoin, then we are atlas promoting them for good, isn’t it? So I want to tell them. No, this wouldn’t be help to bitcoin in any way. Reason is simple, bitcoin always benefits people.

It never ever had any bad concerns to harm people in any way. There are already being used in dark web, so don’t just make them bad anymore.

[Fatanut]

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

Here in India, all forms of gambling are illegal and therefore it is quite risky to participate in it through online sites. If you make a payment using your credit card, then the government can trace the transaction back to you. Making payment with BTC or ETH offers more protection.

You are right gambling using bitcoin are untraceable but what if there will be KYC on the gambling site youve played you will still continue to gamble there or will you stop and move to another gambling site that do not requires KYC.

Of course he will move on to using a different gambling site. Why? Because why would you reveal yourself to a gambling site when there's dozens that don't require KYC. The whole point of gambling with cryptocurrency is so that you can get in and get out of the gambling site and be able to stay all anonymous. People shouldn't have gone to trouble learning how to use bitcoin if they are still going to KYC them. People could have just played directly with their debit cards if they were to KYC with bitcoin anyway.

Online gambling have existed way before cryptos were first introduced to the world in 2009 and way before then , many very known gambling bookies have existed and made themselves a worldwide reputation and attracted users from all over the world . The only thing that crypto gambling websites added or shall i say removed is the ID checking of each individual since all crypto gambling websites don't require any identification and all they need is wallet addy , so many people who were skeptical and didn't want to give up their identity to gambling websites went in mass to these new crypto bookies that offered them full anonymity .

I do live in a third world country where most online support teams are located and I must say that gambling sites being paid with actual money and not crypto is still booming because otherwise I wouldn't personally know a lot of people who work for them.

[crwth]

I gamble with cryptocurrencies and so I have multiplied them a couple of times but I always end up selling them for bitcoin and spend them all together or find subsequent bets. I normally increase them in bits (i.e. From 0.1 to 0.4 ether) most of the time in ether run and litecoins.

It has a fast transfer and bigger amount (not pertaining to value). I also tried gambling to multiply and increase my amount of crypto currency but it’s not as reliable as trading because the risk is too high. For me I would choose to trade but does saying about trading is it’s all about the long game.

[JL421]

I gamble with cryptocurrencies and so I have multiplied them a couple of times but I always end up selling them for bitcoin and spend them all together or find subsequent bets. I normally increase them in bits (i.e. From 0.1 to 0.4 ether) most of the time in ether run and litecoins.

I don't see a point of increasing you bet value, you are simply increasing the risk for yourself and if you didn't know the higher you increase your bet than your initial bet the more you will lose because the house edge starts realizing your actions and you will statt losing your bankroll

[nydiacaskey01]

I tried it before but not on casino or any type of games in a casino. I tried it with sports betting. In sports betting you can see which team or player have the highest chances of winning. Yes the profits maybe small in betting on those with higher odds of wining but at least you know your chances to earn profits are good.

[akram143]

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

Yes I think it greatly increased the gambling activities among the normal people because the crypto gambling is much convenient and we no need to give any details to play there.

[tabas]

I gamble with cryptocurrencies and so I have multiplied them a couple of times but I always end up selling them for bitcoin and spend them all together or find subsequent bets. I normally increase them in bits (i.e. From 0.1 to 0.4 ether) most of the time in ether run and litecoins.

This is your own statistics which means that there are gamblers who really prefer to use different methods of deposit and withdrawals. And majority ends up to withdraw or sell those other crypto's that we've used for depositing for bitcoin.

[earnestoshodi]

There are different gambling sites that employ the use of crypto currency. So it has some positive influence

[Oceat]

The more people they attract that's how they get the easiest money to come to them. Making your own business is not that easy if you don't have enough customers, right? Well that's how the business industries making an easy money for them, to attract what's people badly needed. And gambling is the most commonly and widely known business that attracts a lot of people and now that crypto join-in in the business field, it gains much more attraction too.

[Symphonized]

There's a more easier way in betting with crytocurrencies then fiat simply because each coin has it's own value (Price) rather then your country's FIAT.
You can aswell stay anonymous and more protected against any kind of hack attempt with your FIAT services.
By anonymous you can also escape taxes in some countries where there is no law about cryptocurrency profits taxation for the time being.
So ye these are the main reasons why online gambling increased by alot till current days due to cryptocurrencies

PS: There are also those small sources of incoming such as Faucets, where FIAT doesn't have free money off course

[Daimon88]

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

The main advantage of crypto based gambling is that many countries have banned the deposit of money to online gambling sites and this will open up the market from those restriction but the sites in this space have more limit than the fiat based sites which makes it less attractive, we need more competition in this market.

Yeah you are right. My country also banned such sites and you cannot invest in such gambling sites. Bitcoin and other Altcoin are the easiest way to deposit your money because cryptocurrency is still decentralized in many countries and they do not allow trading in crypto. Therefore many gambler use crypto for their gambling addiction.

Yeah it is only crypto that increased the ratio of online gambling. Now many people gamble with their holding because they want to make more and more money in less time but it is their thoughts and nothing more. Finally they lose all their money and their wallets have been cleaned up by site controllers. Better not to gamble with your holdings.

We all want crypto to be spread over the world. We want it to be pervaded in every single corner of the world so that later on it can become supreme currency of the whole world. But that seems not possible if you people start losing them in this gambling. Make good use of crypto. Don’t let your money destroy you. Make yourself understand what is right and what is wrong.

Of course cryptocurrency increased the ratio of online gambling, and many people use their Crypto in gambling, but I think it is not good because cryptocurrency investment is a business and a source of income, while online gambling or traditional gambling is the source of losing money. Crypto and gambling are opposite of each other.do not use your crypto in online gambling.

[Aamir1]

Yeah it is only crypto that increased the ratio of online gambling.

Online gambling includes both fiat and crypto gambling. If you look into the industry then it is evident that crypto is still having a cult following and thus less popular among people. Fiat gambling is still the bigger one.

Now many people gamble with their holding because they want to make more and more money in less time but it is their thoughts and nothing more.Finally they lose all their money and their wallets have been cleaned up by site controllers. Better not to gamble with your holdings.

Someone who is holding coins has some idea behind holding it. They are probably looking the price to moon in order to sell in future. If they have made up their mind then would not waste the coins on gambling. After all I dont expect an experienced trader to fall prey of the gambling vicious cycle. But then again there are exceptions.

Crypto money is an online currency and definitely the use of online gambling is increased due to cryptocurrency. Now you can use your cryptocurrency easily in online gambling. Many people who used to visit a traditional Casino and gambling in online Casino because online gambling provides many gambling options and ease as well.

[Soranith]

Actually it was my first time to gamble online so I really don't know what's the difference between using crypto over fiat but I think crypto is more convenient because of its feature of being anonymity and since I am from the third world country that doesn't have credit card it would be hard for me to gamble using fiat when I stumble upon bitcoin  I was really amaze how easy to use it and how easy for me to buy anytime I want.

[jhongzjhong]

Actually it was my first time to gamble online so I really don't know what's the difference between using crypto over fiat but I think crypto is more convenient because of its feature of being anonymity and since I am from the third world country that doesn't have credit card it would be hard for me to gamble using fiat when I stumble upon bitcoin  I was really amaze how easy to use it and how easy for me to buy anytime I want.

That was right, using cryptocurrency in gambling is much more convenient rather than you use fiat in gambling. Instead of moving to other places to go to casinos you can easily be doing that at your home. I'm not gambling lover but sometimes if I have an extra bitcoin I open my gambling site account and play dice it is really easy to gamble just deposit your digital money and you can start gambling.
It has a big effect on the price on the market if many people purchase crypto to use in gamble it means it has a more demand for bitcoin and makes it expensive.

[kurian]

Actually it was my first time to gamble online so I really don't know what's the difference between using crypto over fiat but I think crypto is more convenient because of its feature of being anonymity and since I am from the third world country that doesn't have credit card it would be hard for me to gamble using fiat when I stumble upon bitcoin  I was really amaze how easy to use it and how easy for me to buy anytime I want.

That was right, using cryptocurrency in gambling is much more convenient rather than you use fiat in gambling. Instead of moving to other places to go to casinos you can easily be doing that at your home. I'm not gambling lover but sometimes if I have an extra bitcoin I open my gambling site account and play dice it is really easy to gamble just deposit your digital money and you can start gambling.
It has a big effect on the price on the market if many people purchase crypto to use in gamble it means it has a more demand for bitcoin and makes it expensive.

Convenience and anonymity of cryptocurrency transactions made it easier for gamblers to bet without tension of privacy issues. Cryptocurrency gambling attracted more people from around the world into online casinos. It is much helpful for gamblers who are from such countries where gambling is not allowed.

[TheUltraElite]

Yes I think it greatly increased the gambling activities among the normal people because the crypto gambling is much convenient and we no need to give any details to play there.

Some gambling sites do require you to do a KYC before withdrawal of a huge amount. But this is rare and most of the times there is some sort of discrepancy involved or the person may have used fraudulent ways to get the money.

Crypto money is an online currency and definitely the use of online gambling is increased due to cryptocurrency. Now you can use your cryptocurrency easily in online gambling.

This statement is spoken too much without proof. Online gambling is still majorly owned by the fiat casinos and not crypto casinos. You should try to find proper sources to refute my point.

Many people who used to visit a traditional Casino and gambling in online Casino because online gambling provides many gambling options and ease as well.

Even fiat casinos provide many benefits to the player.