The difference between a true Crypto gambling site and a Fiat/Crypto site..

[Tipstar]

In Primia Facie, I consider a gambling site true crypto site if it doesn't have an option to fill out user info. Get a username and mostly an email and start playing. They won't be asking you to verify your identity except when they absolutely need to. That would be perfectly fine to normal crypto users who are there for fun. On the other hand, a fiat gambling turned to crypto would ask your KYC the moment you initiate your first withdrawal.

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[Shasha80]

Of course true crypto gambling sites are much better than fiat gambling sites that accept crypto deposits. True crypto gambling sites are usually
providing more various crypto options and no minimum bet. It is different from fiat gambling sites that accept crypto deposits but when they will
playing automatic converting to fiat and that's really annoying. They only provide a variety of deposit options so hope it is attracted  new user
interest.

[Kakmakr]

So what have we learnt so far?

1. Fiat+Crypto casinos do not really care about micro payments, they just want the same profits from the games on offer ...than what they got from being a pure Fiat online casino.

2. Fiat+Crypto casinos strip all pseudo anonymity from Crypto gamblers, because they require full KYC requirements. (This in most cases are not a choice, but a regulatory requirement linked to their Fiat links to government.

3. Crypto casinos can make full use of micro payments because they develop their own games.

4. Crypto casinos can protect anonymity, because they can stay anonymous too. (unlicensed & unregulated)

[mindrust]

2. Fiat+Crypto casinos strip all pseudo anonymity from Crypto gamblers, because they require full KYC requirements. (This in most cases are not a choice, but a regulatory requirement linked to their Fiat links to government.

Sadly point 2 applies also to many pure crypto casinos. There are only a few of them don't ask KYC at all.

Casinos use KYC to cover up their lack of technical knowledge and general faults.

If someone goes to freebitco.in (it is only an example, the truth is i don't know any other casino that is completely KYC free) and win 1000btc today by hacking the website or by just playing honest and withdraw it immediately, they won't ask you your KYC documents. You'll be able to get your money right away.

But if they catch you while hacking, they'll lock up your account, seize your coins and give a kick in the butt and post the proofs in the forum.

That's how you should deal with scammers.

[Mauser]

3. Crypto casinos can make full use of micro payments because they develop their own games.

4. Crypto casinos can protect anonymity, because they can stay anonymous too. (unlicensed & unregulated)

I agree fiat casino operate under different rules than crypto casino. For them offering crytpo currencies is just another payment option like USD, EUR. Especially for new gamblers micro transactions is awesome to get to know various games and casinos before gambling with the big bucks.

For me just the anonymity aspect brings me back to crypto casinos and I don't want to go back to fiat at all.

[20kevin20]

I'd have to guess the users playing at fiat casinos are already used to gambling higher amounts and are less likely to play with amounts even under one penny so adding this feature wouldn't do much of a difference besides lowering the casino's revenues. This is a trend only seen in crypto AFAIK - after all, even fiat casinos could allow you to play with fractions of cents if they wanted to. Fiat faucets could also be a thing, but would be something not many are accomodated with.

[TopT3ns]

I'd have to guess the users playing at fiat casinos are already used to gambling higher amounts and are less likely to play with amounts even under one penny so adding this feature wouldn't do much of a difference besides lowering the casino's revenues. This is a trend only seen in crypto AFAIK - after all, even fiat casinos could allow you to play with fractions of cents if they wanted to. Fiat faucets could also be a thing, but would be something not many are accomodated with.

indeed in reality there must be gambling that can accept transactions using cents because it will have a good impact on gamblers who want to try to use their assets with very small amounts will not make them lose when they lose, at least by using betting in the form of cents can used for observation to various games.

[danherbias07]

Can anyone in the gambling industry explain to us, why this is done? Do you have to pay high royalties to the third party developers for these games and/or are you afraid that Fiat customers would start playing with Crypto currencies, if you allowed smaller minimum bets for Crypto customers?

I think the answer will be the 2nd one and some addition.
They might be afraid to lose fiat based customers.
In slots especially where more gamblers are using it so that they will feel like it is Vegas once again.

IMO, if they offer cryptocurrencies only it might drive them away with the thought of too much steps before they could play.
Deposit - Play.
Instead of Deposit - Exchange - Deposit - Play

[CarnagexD]

They just want to ride the hype of cryptocurrency gambling sites and take a share of the market for theirs. It's true, it's annoying that these gambling sites are open to accepting crypto deposits but once you play, it is immediately converted to fiat. It's one of the main reasons I see why people prefer crypto gambling sites more than traditional fiat online casinos. It seems like you have no freedom to bet whatever amount you have in mind in these casinos which is a bummer especially if you want to last in the casino and just have a good time.

People are not the same and gamblers have their own preferences and betting the desired amount that they want, and they can only do that in most of the crypto gambling sites. As the amount of money that you can bet in traditional fiat online casinos were fixed, it is really hard to control the money that you can spend in gambling. It can also increase your losses if you are continuously losing and dealing with that feature where you can limit the money that you can bet. Freedom in betting is what we want, and that's the reason why until now, there are a lot of people who are engaging in using crypto gambling sites rather that fiat.

[ralle14]

Can anyone in the gambling industry explain to us, why this is done? Do you have to pay high royalties to the third party developers for these games and/or are you afraid that Fiat customers would start playing with Crypto currencies, if you allowed smaller minimum bets for Crypto customers?

BVC does the same with their slots instead of using USD your BTC balance is converted to credits and the credit's value in btc is .0001. I also don't know the exact reason but I think it's for their convenience so they don't have to worry about those additional decimal places. Besides there's the fun mode if the reason for accepting small bets is to test the game and a few dice sites are doing it as well through play money.

[Kakmakr]

Can anyone in the gambling industry explain to us, why this is done? Do you have to pay high royalties to the third party developers for these games and/or are you afraid that Fiat customers would start playing with Crypto currencies, if you allowed smaller minimum bets for Crypto customers?

BVC does the same with their slots instead of using USD your BTC balance is converted to credits and the credit's value in btc is .0001. I also don't know the exact reason but I think it's for their convenience so they don't have to worry about those additional decimal places. Besides there's the fun mode if the reason for accepting small bets is to test the game and a few dice sites are doing it as well through play money.

Why can one of the game developers like NetEnt or BetSoft or iSoftBet not just develop a Crypto version of some of their games... why are they porting the Fiat version to convert Crypto currencies to Fiat currencies?

The sites that actually have "pure" Crypto games have awful looking games with very bad graphics and sound. Just think of Stake.com orginal games.    

No really.... there must be at least one developer that can step up to do this properly?  

[smyslov]

So what have we learnt so far?

1. Fiat+Crypto casinos do not really care about micro payments, they just want the same profits from the games on offer ...than what they got from being a pure Fiat online casino.

2. Fiat+Crypto casinos strip all pseudo anonymity from Crypto gamblers, because they require full KYC requirements. (This in most cases are not a choice, but a regulatory requirement linked to their Fiat links to government.

3. Crypto casinos can make full use of micro payments because they develop their own games.

4. Crypto casinos can protect anonymity, because they can stay anonymous too. (unlicensed & unregulated)

What i learn besides what you pointed out is fiat gambling casinos are on the way out of business in the next five years so many Crypto gambling sites are coming and the fiat based gambling site are dwindling so it's a matter of time, they can include Crypto but it's always best to make it all Crypto for gamblers.

[Lanatsa]

Can anyone in the gambling industry explain to us, why this is done? Do you have to pay high royalties to the third party developers for these games and/or are you afraid that Fiat customers would start playing with Crypto currencies, if you allowed smaller minimum bets for Crypto customers?

BVC does the same with their slots instead of using USD your BTC balance is converted to credits and the credit's value in btc is .0001. I also don't know the exact reason but I think it's for their convenience so they don't have to worry about those additional decimal places. Besides there's the fun mode if the reason for accepting small bets is to test the game and a few dice sites are doing it as well through play money.

Why can one of the game developers like NetEnt or BetSoft or iSoftBet not just develop a Crypto version of some of their games... why are they porting the Fiat version to convert Crypto currencies to Fiat currencies?

The sites that actually have "pure" Crypto games have awful looking games with very bad graphics and sound. Just think of Stake.com orginal games.    

No really.... there must be at least one developer that can step up to do this properly?  

They  arent really taking it seriously imho and just mainly focused  on traditional ways on where they do make big money which is into their casual games.

If we do try to compare it on ex. given which is Stake then its really a far off but we know that its their own choice when implying things but people here on

crypto would able to spot out the difference.

[ryzaadit]

Why can one of the game developers like NetEnt or BetSoft or iSoftBet not just develop a Crypto version of some of their games... why are they porting the Fiat version to convert Crypto currencies to Fiat currencies?

The sites that actually have "pure" Crypto games have awful looking games with very bad graphics and sound. Just think of Stake.com orginal games.    

Then you should ask to the game provider for exact answer.

He can't answer your question, the game provider not changing the balance the casino you are used change the balance not them. Case in stake, they created their own game so they can be edited what's ever they want, while other casino using third parties service for slot or already contains live game gambling.

BTW.

To be honest, why some casino changing the deposit or money they can receive while we are playing on the their casino. Yes, some casino wants to attract cryptocurrency to used their casino. But some casino main priority is, to make an easy transaction for all of their current casinos too. One of the example, some deposit system who really annoying is item game like CSGO when each item after the trade will have a cooldown trade around 7 days. Also, fiat bank transfer needs time to verify all the transaction some of them need to check manually.

That's why they add cryptocurrency for easy transaction for their current customer but also could be got another customer from cryptocurrency community.

[Fundamentals Of]

3. Crypto casinos can make full use of micro payments because they develop their own games.

It is not a matter of crypto casinos developing their own games or not. It is simply a matter of casinos not accepting micro payments. Fiat/crypto casinos may actually choose to accept micro payments if they want to and crypto casinos may also choose not to accept too small bets.

4. Crypto casinos can protect anonymity, because they can stay anonymous too. (unlicensed & unregulated)

It is never an advice to gamble in crypto casinos which are both unlicensed and unregulated. That is a recipe for disaster. Accountability is almost nothing.

Crypto casinos can protect anonymity up to a certain extent because they don't require KYC. But there are still conditions that should be complied with, otherwise KYC might still be asked.

[maydna]

What i learn besides what you pointed out is fiat gambling casinos are on the way out of business in the next five years so many Crypto gambling sites are coming and the fiat based gambling site are dwindling so it's a matter of time, they can include Crypto but it's always best to make it all Crypto for gamblers.

The fiat gambling site will add crypto as the option to gamble, but only if they see that the government allow crypto to be used as the payment. If the site is not seeing the crypto accepted by the government, perhaps, the fiat gambling site will still use fiat to bets. But for a crypto gambling site, the site can still use crypto, so they don't have a problem using small bets amount. Perhaps, the gambler itself will look on different gambling sites, and if they see the benefits of the crypto gambling site, they will move to that site.

[pilosopotasyo]

the gambler itself will look on different gambling sites, and if they see the benefits of the crypto gambling site, they will move to that site.

We just need to promote Crypto gambling site to the general public as something worth looking for gamblers, they have a lot of benefits compared to fiat gambling site we are in a new era of gambling form where bets are transparent and they respect the privacy of users, it's only a matter of time that Crypto gambling sites will dominate the field.

[nakamura12]

That's the difference in crypto gambling site compared to fiat/crypto gambling site. A fiat casino that also accept crypto have advantages which will also help introduce crypto to those who doesn't know crypto yet compared to a gambling site that starts from crypto.

[20kevin20]

indeed in reality there must be gambling that can accept transactions using cents because it will have a good impact on gamblers who want to try to use their assets with very small amounts will not make them lose when they lose, at least by using betting in the form of cents can used for observation to various games.

If I was a casino owner, I would prefer having people gamble dollars (or at least cents) rather than a thousandth of a cent. Once minimum bet limits are higher, your profit and total volume increases as well. It would probably be even weird for a regular fiat gambler to be told that with crypto you can gamble a $0.002 coin (DOGE) satoshi, which is equal to literally nothing.

[n0ne]

With the micro payments support cryptocurrencies ease the gameplay while the same can't be done with fiat. Here the privacy, on-time settle of wins, and provably fair nature of the game will be perfect. With fiat based gambling sites the money making is the ultimate thing, and setting a minimum value similar to the cryptocurrency based gambling sites seems hard.