Crypto casinos pros and cons

[Bitcasino.io Support]

Hi guys!

We are all here because we like playing with crypto
There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?

Cheers,
Karl

[MFahad]

Hi guys!

We are all here because we like playing with crypto
There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?

Cheers,
Karl

I don't see any disadvantage of playing in casino with crypto over the fiat money. The only thing which comes in my mind is that a person can send the coins to the wrong destination address which is only if anyone is too much careless. Other than this , using crypto has all advantages.

[turkandjaydee]

This is not literally a disadvantage but if the crypto casino doesn't provide fiat/fiat-pegged currency, then it might be inconvenient for some people who don't really want their wallet balance to follow cryptocurrency volatility.

I think casinos that provide cryptocurrencies and fiat/fiat pegged currencies at the same time where they can be converted to each other are the best here.

[maydna]

There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?

Perhaps, we don't know where the money comes from, and sometimes the capital has a connection with drugs, illegal funds, corruption or another thing. The other disadvantages are the price of crypto is too volatile, and we don't know how much the price tomorrow or the next week. With the anonymous sender, we don't know who are they behind the wallet, and they can play gambling without anyone knows. Probably, people don't look at the disadvantages of crypto gambling site because they use crypto to hide from other people, and they can use crypto as the money.

[Asuspawer09]

Hi guys!

We are all here because we like playing with crypto
There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?

Cheers,
Karl

I think it is given that we have a pandemic at this moment which makes it more reliable to gamble with cryptocurrency instead of fiat money that will required you to go to a casino.

Cryptocurrency gambling is reliable since you could just do it at home and play on the gambling website that you wanted.

[virasog]

There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?

Perhaps, we don't know where the money comes from, and sometimes the capital has a connection with drugs, illegal funds, corruption or another thing. The other disadvantages are the price of crypto is too volatile, and we don't know how much the price tomorrow or the next week. With the anonymous sender, we don't know who are they behind the wallet, and they can play gambling without anyone knows. Probably, people don't look at the disadvantages of crypto gambling site because they use crypto to hide from other people, and they can use crypto as the money.

Yes, some people use crypto gambling websites to deposit bitcoins and do money laundering because there are no KYC on these sites. Well, there are evil minded people everywhere and we cannot call it a drawback of online casino.

[Shimmiry]

We are all here because we like playing with crypto
There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?

The only disadvantages those casino's has is its monetary system itself. Crypto, as well all know, are too volatile that no one knows when would it end and fluctuates faster than the fiats. And, fiat-based casinos, are often required huge bets and physical attendances, in which in this time, are too impossible due to the hideous pandemic.

Another disadvantage of crypto-casinos is it's reliability. Some are too good to be true, and some would take every information a deceptive website can have just to scam anyone.

[ultrloa]

There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?

Perhaps, we don't know where the money comes from, and sometimes the capital has a connection with drugs, illegal funds, corruption or another thing. The other disadvantages are the price of crypto is too volatile, and we don't know how much the price tomorrow or the next week. With the anonymous sender, we don't know who are they behind the wallet, and they can play gambling without anyone knows. Probably, people don't look at the disadvantages of crypto gambling site because they use crypto to hide from other people, and they can use crypto as the money.

Yes, some people use crypto gambling websites to deposit bitcoins and do money laundering because there are no KYC on these sites. Well, there are evil minded people everywhere and we cannot call it a drawback of online casino.

I never tried depositing a huge amount on any gambling sites but I think in terms of withdrawals of huge amount the gambling site will conduct a KYC verification to know the legitimacy of the costumer, but I'm not sure if this is implemented to the other gambling site since if the case they are just letting it happen then money laundering is really easy by using the casino as landing point.

[Ucy]

Some of the disadvantages of crypto-based bettings (based on my observations) are: inadequate or lack of crypto-based physical/offline casinos,  possible lack of good/safe age restriction (and addiction prevention) tools, the use of unsafe identity verification methods, etc

[Naida_BR]

Crypto casinos have more prons than cons.
Simply because you can gamble anonymously with any amounts you want with the ease of your house.
The only disadvantage is that you are losing track of the real money you gamble - on terms of fiat value - so you are going to gamble more than you can really afford.

[pakhitheboss]

Hi guys!

We are all here because we like playing with crypto
There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?

Cheers,
Karl

In my opinion the biggest disadvantage of a crypto casino is it volatility. Cryptocurrencies are know to be very volatile. So if you are comparing a crypto casino with a USD casino, you will always lose in USD if the price of that particular cryptocurrency goes into red suddenly.

[rhomelmabini]

Well, cons for me if the crypto casino requires you to do a KYC, that's I think more like a disadvantage on their side since most crypto casino gambler do avoid that one. One more thing, if the casino turn out to be scam because most aren't that regulated unlike physical casinos.

[seleme]

Anonymous betting is the first advantage and there is no need to send personal documents unless the turnover is over $10k. The fiat accepted online casinos have high-level support and fast withdrawal for average accounts but some crypto gambling platforms perform batch withdrawals which happen twice during a day. Crypto casinos are my preference rather than fighting with average 1Xbet type casinos.

[swogerino]

I tried to find some disadvantages in online crypto casinos but I couldn’t find any.For me being able to instantly deposit and withdraw from the comfort of my sofa with my laptop in my hands is the top priority when gambling as a lazy person that I am.Privacy is also better when we play with cryptos compared to Fiat as many Fiat casinos require KYC while crypto ones only can require this after a certain amount is achieved.

[mirakal]

I know there's a disadvantage too but there's no casino that is perfect and the reason why I prefer to gamble in crypto casinos than fiat is because I find crypto casinos more faster and easy to use especially in depositing and withdrawing money.

Also, crypto casinos now are already leveling up against the fiat casinos, the reason why there's a significant increase of adoption and I really believe from the beginning that crypto would be most suitable for the gambling sites and crypto casinos will just grow in the long run.

[Clark05]

Crypto casino are safe and we know that because we can be anonymous on playing unless they are requiring a people to submitted KYC.

Also once you win or lose no one will no or there is no one will know that you are playing because of casino once you go there if you have friends and know that maybe they have bad thinking about you people right now their thinking is that. I don't see disadvatanges of the online casino because most of it is advatanges.

[bitcoin31]

I know there's a disadvantage too but there's no casino that is perfect and the reason why I prefer to gamble in crypto casinos than fiat is because I find crypto casinos more faster and easy to use especially in depositing and withdrawing money.

Also, crypto casinos now are already leveling up against the fiat casinos, the reason why there's a significant increase of adoption and I really believe from the beginning that crypto would be most suitable for the gambling sites and crypto casinos will just grow in the long run.

Yes there is no casino will be perfect even it's casino gambling or online casino is it not perfect but we assure right now online casino is more advatanges because you can play where ever you are and anytime you like unless you can't play if your internet connection is very slow I like online casino too but I like more the online gambling.

[Sadlife]

So far i dont have any negative experience in using Cryptocurrency as tokens to play in Gambling sites in fact using it makes it easier for me to be able to have a smooth & entertaining gambling experience because you dont need restrictions like sending and receiving like in Banks and mostly you have to wait 3-5 business days for your transaction to confirm.

[freedomgo]

Everything is an advantage to me, just kidding.

well, maybe when the casino goes dark, I don't know how to take my money back because I am gambling in different countries, unlike with fiat casinos where I can gamble in casinos within my country, it's easier to go after them as they are under the regulation of the government.

For most gamblers like me, we don't see that as a big risk as we can diversify our funds in different casinos, and I make sure I will only deposit what I can afford to lose, so if the casino goes scam, then I just move on, I'll take that because I enjoy the convenient crypto casinos has given me.

[virasog]

There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?

Perhaps, we don't know where the money comes from, and sometimes the capital has a connection with drugs, illegal funds, corruption or another thing. The other disadvantages are the price of crypto is too volatile, and we don't know how much the price tomorrow or the next week. With the anonymous sender, we don't know who are they behind the wallet, and they can play gambling without anyone knows. Probably, people don't look at the disadvantages of crypto gambling site because they use crypto to hide from other people, and they can use crypto as the money.

Yes, some people use crypto gambling websites to deposit bitcoins and do money laundering because there are no KYC on these sites. Well, there are evil minded people everywhere and we cannot call it a drawback of online casino.

I never tried depositing a huge amount on any gambling sites but I think in terms of withdrawals of huge amount the gambling site will conduct a KYC verification to know the legitimacy of the costumer, but I'm not sure if this is implemented to the other gambling site since if the case they are just letting it happen then money laundering is really easy by using the casino as landing point.

For sure the scammers or those who do money laundering are smart people , they will check each site KYC requirement and make the transactions within the defined limits to avoid the KYC and all such stuffs. Money laundering is very much easy because there are a lot of sites which do not require any verification to withdrawal.