Gambling In Crypto

[swogerino]

I think that gambling with crypto is much better than with FIAT,you are not required to post any identity unless you hit a really big win and only then you may undergo verification of KYC (Know Your Customer).I think if you are not a whale,a normal gambler by gambling with crypto it is much better and safer as no one will know who you are not even the casino you are playing at.That is the major difference other than that they are pretty much identical,you risk your money in order to win more money.

[traderethereum]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

Pros and cons about using crypto currency has been discussed here many times and again, if you can't handle the risk of it better not to gamble at all.

With regards to gambling, either you use fiat money or cryptocurrency, you are still doing the same thing which is gambling if you don't have self-control then you will still fall and lose that money. Use fiat and crypto, whatever if more convenient for you.

Indeed. We must have self-control while playing gambling because many people already lose control and get the problem in the future.
But if he is playing on a crypto gambling site, he can avoid the KYC verification process because he only needs to send the coin to his account and start playing.
Maybe it will be difficult for a gambler who always uses fiat for gambling to move into crypto as they think it will not be easy to change their gambling habit.
It will need more research before they decide to use fiat or start moves to use crypto.

[rodskee]

I think that gambling with crypto is much better than with FIAT,you are not required to post any identity unless you hit a really big win and only then you may undergo verification of KYC (Know Your Customer).I think if you are not a whale,a normal gambler by gambling with crypto it is much better and safer as no one will know who you are not even the casino you are playing at.That is the major difference other than that they are pretty much identical,you risk your money in order to win more money.

Well though there are many casino in crypto are also requiring KYC yet we can still find some that has not conducting KYC in which we can still find those free from passing our details.

but yeah the issue only occurs when we won big amount so expect issues in the longer time of playing so yes we don't need to be confidence for everything in gambling here in crypto or even in fiat .

[madnessteat]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

Pros and cons about using crypto currency has been discussed here many times and again, if you can't handle the risk of it better not to gamble at all.

With regards to gambling, either you use fiat money or cryptocurrency, you are still doing the same thing which is gambling if you don't have self-control then you will still fall and lose that money. Use fiat and crypto, whatever if more convenient for you.

Indeed. We must have self-control while playing gambling because many people already lose control and get the problem in the future.
But if he is playing on a crypto gambling site, he can avoid the KYC verification process because he only needs to send the coin to his account and start playing.
Maybe it will be difficult for a gambler who always uses fiat for gambling to move into crypto as they think it will not be easy to change their gambling habit.
It will need more research before they decide to use fiat or start moves to use crypto.

In fact, in today's time it is quite easy to start gambling on cryptocurrency casinos. Exchangers allow you to buy the necessary cryptocurrency directly from your credit card and there are quite a few videos on YouTube explaining how cryptocurrency transactions and cryptocurrency casinos work. In my opinion, just watch a few videos to get the hang of it. This time will pay off on the second visit to an online casino.

[smyslov]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat.

What do you mean effective does this mean you are winning, there's really no difference when it comes to your chances to win, the difference is you have a lot of coins to choose that you can deposit, your identity is not exposed unless the casino asks for KYC which is in their TOS, there's a lot of reputable casinos in the Crypto world and picking the right one with the help of the community is much easier.

[btc_angela]

I think that gambling with crypto is much better than with FIAT,you are not required to post any identity unless you hit a really big win and only then you may undergo verification of KYC (Know Your Customer).I think if you are not a whale,a normal gambler by gambling with crypto it is much better and safer as no one will know who you are not even the casino you are playing at.That is the major difference other than that they are pretty much identical,you risk your money in order to win more money.

Yeah, the KYC thingy is one advantage of gambling in crypto. But I would say that there are still gamblers you prefer to go out even in pandemic to play in land base casinos because of the atmosphere sitting in the table holding cards like in black jack, or hearing the sound of the spinning wheel in a roulette. This sort of small things make gambling more exciting in my opinion. Of course, both involved money and everything, but the feeling and the ambiance is very different.

[Coin_trader]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat.

What do you mean effective does this mean you are winning, there's really no difference when it comes to your chances to win, the difference is you have a lot of coins to choose that you can deposit, your identity is not exposed unless the casino asks for KYC which is in their TOS, there's a lot of reputable casinos in the Crypto world and picking the right one with the help of the community is much easier.

Privacy is the most advantage of cryptocurrency over fiat. This is the typical of gamblers especially for user living in strict country against online gambling like US. It will be risky and hassle to play using fiat there since you will need  to declare all your transactions during there monthly tax report. So cryptocurrency is there best way to avoid that hassle and also the KYC part which you already emphasized above.

[BuNga_cute]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat.

What do you mean effective does this mean you are winning, there's really no difference when it comes to your chances to win, the difference is you have a lot of coins to choose that you can deposit, your identity is not exposed unless the casino asks for KYC which is in their TOS, there's a lot of reputable casinos in the Crypto world and picking the right one with the help of the community is much easier.

When playing gambling with crypto or fiat, there really is no difference regarding the chances of winning. Playing gambling does depend on our luck
to be able to win, so gambling with crypto or fiat is actually the same. But there are indeed advantages that I like when gambling with crypto,
including being able to play anonymously. And also crypto has volatile prices, so the winnings we get can be used as assets for investment.
So I'm more comfortable gambling with crypto until now, especially when it comes to making deposits or withdrawals, there are many choices of
coins that we can choose. Maybe my advice is to be careful when choosing a place to gamble, choose one that has a good reputation, so when
we win big we can make withdrawals smoothly.

[tabas]

Some sites will lock you out and prevent you from wagering while still holding an active account.

And that's because you've violated their rules. If you have done nothing then for sure that you're still going to be able to do just like any other normal active players that they have. As they only stop and ban players that go against their terms so, if you've experienced that, it's likely that you did a wrong thing. But if you think that you didn't do anything bad, you can contest that to the admins of that casino and show proof that you're just doing fine and they should haven't done that.

[Xinarae*]

Gambling on crypto provides more security and privacy although some information is stored on the currency with the help of blockchain technology, transfer routes cannot be tracked. So if you gamble your money at a crypto casino no one will find your money activity not even the crypto casino does not charge you a deposit as well as withdrawals. So you don't have to worry about payment processing charges as well as any charges for the middleman this is why payment processes are instantaneous deposits and withdrawals are lightning fast and can transact unlimited time.

[Cling18]

I'm also more comfortable gambling with crypto because of the convenience that it provides as well as the anonymity and security that every gambler wants. It has the same risks when playing using fiat but its security has an edge. I also find it thrilling since blockchain technology is volatile so it's too challenging.

[xSkylarx]

I'm also more comfortable gambling with crypto because of the convenience that it provides as well as the anonymity and security that every gambler wants. It has the same risks when playing using fiat but its security has an edge. I also find it thrilling since blockchain technology is volatile so it's too challenging.

You have a valid point, but Lol gambling sites are now requiring KYC, so there is no longer any anonymity. Although crypto is excellent in terms of convenience, being fast and dependable, the real problem is the feeling one gets when entering a casino. I haven't heard of any casinos (actual casinos) that accept cryptocurrency yet; typically, crypto is used online, which I believe is the case for the majority of sites, but in real life, I haven't heard of any; however, I believe that using fiat on physical casinos is still preferable.

[michellee]

I'm also more comfortable gambling with crypto because of the convenience that it provides as well as the anonymity and security that every gambler wants. It has the same risks when playing using fiat but its security has an edge. I also find it thrilling since blockchain technology is volatile so it's too challenging.

We have our own way of choosing what currency we want to deposit and withdraw instead of fiat. Crypto gambling provides us so many coins that we can use to gamble and with anonymity, we can prevent revealing ourselves to the casino. We do not have to send any documents to them, although some crypto casinos can ask us. But still, if we are only a small gambler, they will not ask that and will allow us to withdraw the money and we do not have to feel the rules are too strict.

[ChiBitCTy]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

I think the main difference of using crypto versus fiat money is the ease of transactions.  Using cryptocurrency is a lot faster and more smooth than using fiat in my opinion.  Before bitcoin was implemented often using offshore websites would take weeks to months to get a payout.  They also would send checks from shady looking offshore banks.  Using bitcoin makes things more private and just smoother overall.

[fiulpro]

This topic have been already extensively discussed and at the end of the day I do think that gambling with cryptocurrencies provides a person with immense opportunities to look out for their privacy and at the same time it's also very easy and more enjoyable since you go to any site there are so many games available. Also with fiat there are limited options and with the Gambling industry based on cryptocurrencies it's more easy to find variety of games and the features are better, it's more private and it feels like you are just playing online games. Fiat gambling online is still in progress and generally it's finely regulated.

[darewaller]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Well, first of all congrats and welcome in crypto world my friend but what do you mean when you say more effective than fiat? Is it the win? You can win more win you use cryptos more than fiat? Well, if that's it then go on, continue believing on it as it seems it bring more benefit to you than harm but in my own experience, using cryptos does not increase my winnings and to me, gambling is all about luck and skills depending on the game your playing.

The pros of using cryptos is that I can gamble online and for the cons, cannot think of any. The pros of using a fiat is that its straight away, no need for conversion but the cons is that offline gambling using fiat are mostly illegal in my place.

[AhmadM]

I'm also more comfortable gambling with crypto because of the convenience that it provides as well as the anonymity and security that every gambler wants. It has the same risks when playing using fiat but its security has an edge. I also find it thrilling since blockchain technology is volatile so it's too challenging.

I'm not too sure what kind of security did you mean, I think it depends on where or which casino we choose to play with. Meanwhile regarding anonymity, we all know in these days crypto casinos aren't totally support such kind of anonymity for its users anymore. They could ask for KYC in the first place or later, but I don't deny the fact that crypto casinos provide more advantages compared to fiat in terms of users privacy.

[Zilon]

It's the anonymous and huge funding opportunity available in cryptocurrency gambling that gives me more excitement. Compared to the withdrawal limits in fiat gambling crypto currency withdrawal could be sent direct to a decentralized wallet where the gambler has full control of their funds making withdrawal from it in bit or in large amount depending on choice

[Falconer]

I think that gambling with crypto is much better than with FIAT,you are not required to post any identity unless you hit a really big win and only then you may undergo verification of KYC (Know Your Customer).I think if you are not a whale,a normal gambler by gambling with crypto it is much better and safer as no one will know who you are not even the casino you are playing at.That is the major difference other than that they are pretty much identical,you risk your money in order to win more money.

Of course, crypto gambling allows us to maintain privacy without having to provide any identity to the sites we use (except email). We may also select sites that do not require winners to go through KYC to withdraw their money from the site. As for KYS, I'm not so sure gambling whales would be willing to give their identities to the site and this would be done by other normal gamblers as well.

The site reserves the right to request KYC from its gambler in certain cases. I'm not sure big wins are the reason why sites require KYC, usually because the user violated the ToS or some other violation.

[Oasisman]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

Well, If you're a fan of anonymity and you hate linking your credit card, debit card, or your PayPal account and other financial account, then I guess crypto casino and sports betting is good for you.
I can't think of anything that's more advantageous than this in Cryptocurrency compared to fiat betting.

You only need to be careful and read the company TOS to avoid your funds from getting compromised.