Quick Survey: why do you specifically use crypto to gambooool ?

[South Park]

In my case the reason I gamble with crypto is because it is easier compared to regular casinos, in most bitcoin casinos you only need to give your email and there are even casinos that allow you to bet without registering on their website at all so you can bet immediately without any delays, and the second factor that makes me prefer to bet with cryptocurrencies is the privacy, I do not see why I need to give my name to any casino when the only thing I want to do is to gamble and yet fiat casinos will not let you withdraw your money unless you verify your identity with them and I am not willing to do that.

[1715081185]

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[1715081185]

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[milewilda]

I just follow trend and use digital money is more effective than currency. First I got speed transaction, under 10 minutes my deposit and withdraw are finish. Second reason crypto have volatility sometimes I got more value from their movement. Last reason is because I don't need to bank, all I need is laptop and network.

One of the reasons why people do really love to play using up crypto due to accesibility or easiness on making deposits and withdrawals without the need of involvement of banks or whatsoever and
also you can play wherever you do like or want as long you do have the internet connection even you are on transit or in other place where dsl line is abscent.
The main reason is anonymity which you can hide your identity while you are playing without being known by someone.Next in line is the variety of games that can be seen online which
you cant see in offline gambling places.

[SaShiRaJaVu]

Gambling is not legal in many countries. 

This is the main reason people consider bitcoin or other similar currencies because you do not need to involve the bank to deposit the money and you will not get into trouble having a money trail to a gambling website and with crypto currencies you can easily deposit and withdraw without much fuzz and so is the reason people are opting for it but still we need to see a huge growth in the crypto based gambling websites as the fiat sites still rules this space.

[chaser15]

One of the reasons why people do really love to play using up crypto due to accesibility or easiness on making deposits and withdrawals without the need of involvement of banks or whatsoever and
also you can play wherever you do like or want as long you do have the internet connection even you are on transit or in other place where dsl line is abscent.
The main reason is anonymity which you can hide your identity while you are playing without being known by someone.Next in line is the variety of games that can be seen online which
you cant see in offline gambling places.

Unfortunately, these advantages can't really enjoy by anyone:

- Other crypto gambling sites prohibit the use of their site in some countries
- Some Exchanges don't allow a deposit to and withdrawal from the gambling site
- Other countries now have strict regulations regarding online gambling sites regardless if it's crypto-related or not
- There are now reports of asking KYC when a gambler won a big amount in a crypto-gambling site. In other words, part of the terms.

Although there are solutions and the majority still taking advantage of crypto betting, expect more obstacles regarding crypto-gambling in the future.

[michellee]

Gambling is not legal in many countries. 

This is the main reason people consider bitcoin or other similar currencies because you do not need to involve the bank to deposit the money and you will not get into trouble having a money trail to a gambling website and with crypto currencies you can easily deposit and withdraw without much fuzz and so is the reason people are opting for it but still we need to see a huge growth in the crypto based gambling websites as the fiat sites still rules this space.

That is right. People don't have to bother with the banks because they can do it by themselves. They can buy bitcoin or other coins to play gambling, and even they don't have to fill or to complete the account. Maybe this can make online gambling will get more popular in the future because people can find easiness in playing gambling without interfering with their bank's account. People will free to use their coins for anything they want, and they don't have to report it to the banks.

[South Park]

One of the reasons why people do really love to play using up crypto due to accesibility or easiness on making deposits and withdrawals without the need of involvement of banks or whatsoever and
also you can play wherever you do like or want as long you do have the internet connection even you are on transit or in other place where dsl line is abscent.
The main reason is anonymity which you can hide your identity while you are playing without being known by someone.Next in line is the variety of games that can be seen online which
you cant see in offline gambling places.

Unfortunately, these advantages can't really enjoy by anyone:

- Other crypto gambling sites prohibit the use of their site in some countries
- Some Exchanges don't allow a deposit to and withdrawal from the gambling site
- Other countries now have strict regulations regarding online gambling sites regardless if it's crypto-related or not
- There are now reports of asking KYC when a gambler won a big amount in a crypto-gambling site. In other words, part of the terms.

Although there are solutions and the majority still taking advantage of crypto betting, expect more obstacles regarding crypto-gambling in the future.

It is obvious that governments sooner or later were going to try to take measures against bitcoin casinos and try to make them comply to the same exact rules that fiat casinos have to follow through but still even at this time the differences between fiat casinos and bitcoin casinos are very significant, people like me are not really looking to win any big amount of money and we only want to have some fun as such if I win some money in the casino I just think of it as free money to gamble in the future and when you think like that most casinos will never ask you for something like KYC

[allcasinosbet]

That's true! I agree! In some legit casino you cannot deposit by card, because of regulations for specific license. That's why I think more crypto online casinos will pop up in future. Crypto payments give many options to people. We all know that it's a matter of time that more and more people will  BTC or any other currency on daily bases in real life.

[bitterguy28]

Hello Degens

I am doing a little research on WHY people are betting /gambling online with btc/crypto from various countries/states worldwide, and was hoping bitcointalk members  can be of some assistance.
I would specifically like to know (if you happen use crypto to gamble online) why you do so.

Because it is easy to use and the volatility of course is what we wanted here , actually i don't know crypto gambling in the past but i already gambling using fiat online so when i learn about this? then it helps me more to do better and love using this till now.

any info appreciated, if you can give me your state/country that would be helpful too for context.
I will happily publish the results of the survey later ITT if anyone is interested/cares.

Thanks

Nope none of us will put our State or country because there is no need to , so maybe answers above is more enough for you to know .

[Smartprofit]

Hello Degens

I am doing a little research on WHY people are betting /gambling online with btc/crypto from various countries/states worldwide, and was hoping bitcointalk members  can be of some assistance.
I would specifically like to know (if you happen use crypto to gamble online) why you do so.

eg is it because you:

• can pay Less vig in some cases?
• wider game selection can gamble on games like minesweeper, paper rock scissors and other novelty games?
• "provably fair" games
• cannot bet in your current location
• crypto sites might offer markets unavailable elsewhere
• others ?

any info appreciated, if you can give me your state/country that would be helpful too for context.
I will happily publish the results of the survey later ITT if anyone is interested/cares.

Thanks

There is a certain psychological point - it is psychologically easier to spend cryptocurrency than fiat money.  

This is a purely psychological trick that our imagination does.  In fact, a deflationary bitcoin is a much more valuable asset than fiat currency.  In the long term, the price of bitcoin shows a steady increase.  
In an online casino, you can win or you can lose. Gambling is completely based on luck.  

I am more comfortable losing a sum of money in cryptocurrency than a sum of money in fiat currency.  It's a very irrational choice, but it's true.  

Also, crypto payments are much more convenient (for me) than fiat payments.  They also help me maintain my anonymity and privacy.

[bitbollo]

I have used crypto casino/bookmakers because:
- I can bet also fraction of euro cent and generally there are lower fees then fiat bookmakers
- Deposits and withdrawal are immediate
- I can access to a wider range of betting opportunities/ several markets
- I don't want share with my "bank"/"government" that I am sport gambler
- Some games are provably fare
- Easy and quick registration process
- Wider option of bonus/offers

[ipanks]

The reason is that I can play gambling without anyone knowing and I don't have to use my bank to deposit the money. I can use a wallet in the market or any other personal wallet without filling in the required forms if we use a bank as a source of funds for gambling. The deposit process is also relatively faster than depositing through a bank. But there is a possibility that later gambling sites will also require verification from every gambler, even though they use crypto to gamble.

[Mahanton]

The reason is that I can play gambling without anyone knowing and I don't have to use my bank to deposit the money. I can use a wallet in the market or any other personal wallet without filling in the required forms if we use a bank as a source of funds for gambling. The deposit process is also relatively faster than depositing through a bank. But there is a possibility that later gambling sites will also require verification from every gambler, even though they use crypto to gamble.

You could really able to differentiate their main features compared to a fiat casino.In crypto you wont;

1. Need to link your bank or credit card
2. No KYC
3. No hassle on making deposits/withdrawals
4. Wide variety of games

You could really have your own reason but most likely we crypto gamblers are just having the same.

[TimeTeller]

The reason is that I can play gambling without anyone knowing and I don't have to use my bank to deposit the money. I can use a wallet in the market or any other personal wallet without filling in the required forms if we use a bank as a source of funds for gambling. The deposit process is also relatively faster than depositing through a bank. But there is a possibility that later gambling sites will also require verification from every gambler, even though they use crypto to gamble.

You could really able to differentiate their main features compared to a fiat casino.In crypto you wont;

1. Need to link your bank or credit card
2. No KYC
3. No hassle on making deposits/withdrawals
4. Wide variety of games

You could really have your own reason but most likely we crypto gamblers are just having the same.

This is true for a lot of several casinos here found in the forum.
But if the casino is also accepting fiat, they may ask you to submit KYC.
But that is the advantage of crypto casinos, you can gamble without disclosing your identity.
And if you are a small timer, you have no worries of playing just for the sake of entertainment.
I found out that most of the casinos here even bookies are accepting smaller bets.
The convenience and easy access I believe, are just few features that we can appreciate about these online casinos.
This is why during this pandemic period, a lot of these users have discovered themselves in playing in one of these casinos.

[goldkingcoiner]

Hello Degens

I am doing a little research on WHY people are betting /gambling online with btc/crypto from various countries/states worldwide, and was hoping bitcointalk members  can be of some assistance.
I would specifically like to know (if you happen use crypto to gamble online) why you do so.

eg is it because you:

• can pay Less vig in some cases?
• wider game selection can gamble on games like minesweeper, paper rock scissors and other novelty games?
• "provably fair" games
• cannot bet in your current location
• crypto sites might offer markets unavailable elsewhere
• others ?

any info appreciated, if you can give me your state/country that would be helpful too for context.
I will happily publish the results of the survey later ITT if anyone is interested/cares.

Thanks

As much as I like to "Gambool", I prefer not having to use fiat for the very same reasons as why I like to buy use and sell crypto outside of gambling. No third party has their hands in your pocket. No need to mention privacy concerns unless you are using a KYC gambling platform or one that does not like to see you using a VPN.

Its basically like gambling but much more free.

Other than that I like to use crypto to gamble in order to support crypto itself. Call me a crypto fanboy I don't mind at all.

[ipanks]

snip

Yes, that is why most crypto users also play gambling using crypto. We don't want the bank to know about our gambling activities and we also don't want to see our credit card exceed the limit that has been set. Crypto casinos allow us to be behind the scenes to play gambling. We don't need to verify our gambling accounts because crypto casinos understand the anonymity issue of the users.

But gradually, there will be a possibility that crypto casinos will also ask their users to verify their accounts by sending documents to the crypto casinos. This could be due to pressure from the government.

[aioc]

The reason is that I can play gambling without anyone knowing and I don't have to use my bank to deposit the money. I can use a wallet in the market or any other personal wallet without filling in the required forms if we use a bank as a source of funds for gambling. The deposit process is also relatively faster than depositing through a bank. But there is a possibility that later gambling sites will also require verification from every gambler, even though they use crypto to gamble.

You could really able to differentiate their main features compared to a fiat casino.In crypto you wont;

1. Need to link your bank or credit card
2. No KYC
3. No hassle on making deposits/withdrawals
4. Wide variety of games

You could really have your own reason but most likely we crypto gamblers are just having the same.

All that you've mentioned are true, the worse thing that can happen to gamblers is being exposed to spending a lot on gambling
let's admit that society still considers gambling taboo, and heavy gamblers are considered sick even if they only spend what they can afford to lose, society is quick to judge that is why Casino based Cryptocurrency is easily accepted because of protection and acceptance, the Cryptocurrency casino industry is the fastest-growing industry in Cryptocurrency.

[madnessteat]

snip

Yes, that is why most crypto users also play gambling using crypto. We don't want the bank to know about our gambling activities and we also don't want to see our credit card exceed the limit that has been set. Crypto casinos allow us to be behind the scenes to play gambling. We don't need to verify our gambling accounts because crypto casinos understand the anonymity issue of the users.

But gradually, there will be a possibility that crypto casinos will also ask their users to verify their accounts by sending documents to the crypto casinos. This could be due to pressure from the government.

All the same, there will be casinos that will not require their users to present documents because the jurisdiction in which they are located does not require it.

In case the regulators will control gambling activities more strictly, the gamblers will be forced to play on the platforms that are fully decentralized and this sphere will develop even more.

[uneng]

I was introduced to online gambling through cryptocurrency, and since then I've only played at crypto casinos. In fact, fiat gambling sites have never be an option for me. Maybe I didn't develop interest for traditional sites because they wanted to link my account to my credit card and ID as soon as I signed up and I didn't want to share those informations when I was younger and didn't even have money to spend on those sites, while crypto casinos were much more affordable, being possible to adjust bet size to minimum as 1 satoshi per roll. That means I could play with few dollars for some good hours, having fun and testing strategies at same time.

Basically the answer is: because crypto casinos are less greedy than fiat ones, and give customers superior opportunities to play more time using less money, if they wish.

[Fortify]

The reason is that I can play gambling without anyone knowing and I don't have to use my bank to deposit the money. I can use a wallet in the market or any other personal wallet without filling in the required forms if we use a bank as a source of funds for gambling. The deposit process is also relatively faster than depositing through a bank. But there is a possibility that later gambling sites will also require verification from every gambler, even though they use crypto to gamble.

You could really able to differentiate their main features compared to a fiat casino.In crypto you wont;

1. Need to link your bank or credit card
2. No KYC
3. No hassle on making deposits/withdrawals
4. Wide variety of games

You could really have your own reason but most likely we crypto gamblers are just having the same.

One of the things that appealed to me the most when first starting crypto gambling was the novelty factor, there is something about a "new type" of gambling where people had to convert fiat currency into what was effectively a token which broke down a lot of inhibition. In the early days it was a lot easier to find fish or people who were very loose with their special coins, who might not have been correctly perceiving the monetary value behind them. This allowed a skilled player who was able to compete against others was able to pick up some nice change. A big bonus is also the lack of KYC, which was less required in the past and allowed a bit more flexibility.

[Lanatsa]

Basically the answer is: because crypto casinos are less greedy than fiat ones, and give customers superior opportunities to play more time using less money, if they wish.

I also didn’t put any of my bank details or fiat account in any site unless really needed or it’s a bank related transactions. Why use your identity or input card details in playing when you can play only without putting details of yourself and just enjoy many casino or games. Thankfully crypto provides ways to pay without any worries of being track and allow us also to gambling and at the same time to earn thru trading or investing. Being not monitored by any bank when there is always a need for transaction or happening in our account feels safer to do gambling. If only there will be more online local shops that we can also pay thru crypto then there will be no need for me to use any bank in paying for online transactions.

There are really people who are really that paranoid when it comes to anonymity but there are some which doesnt care on using them specially on centralized platforms or something that do ask out some KYC.

Gambling in crypto did really become more better when crypto exist where anonymity is been the key and what makes it more interesting but since these platforms are really that becoming centralized
or regulated then expect that they would abide government rules and regulations which sooner or later we would really be seeing that they would be requiring KYC but
not for now.