Gambling In Crypto

[Lanatsa]

Gambling with crypto;
1. No KYC

Gambling with fiat
1. KYC

Not anymore, in the last few years especially since the last year we have seen that most crypto casinos started to have KYC in their terms.
Some casinos make it mandatory and some other make it conditionally.
It means that KYC is now something usual in crypto gambling industry, of course there are still some crypto casinos without KYC.

Yes, specially Roobet on where they do ask out some KYC but this is something not really on the sense that you would need to sent out some documents for verification but only some light KYC on where it do ask your name address and as a user then it would really be still your choice whether you do input those real information or not because we do know the cons whenever we do really put up wrong
info.We do love no KYC as much as we could but we know that regulation do becomes tighter as we do go ahead considering that most gambling sites are licensed which is to be expected
that they would really be abiding some sort of law and regulations.

[yayayo]

Some sites may have a less clear statement that they work with a mandatory KYC. Sometimes at a certain amount, sometimes at the moment a payment is requested. And still others have no fixed system. That also has to do with where the gambling site is licensed in which country. Anyway, it should really be anonymous without KYC. After all, that is the whole idea and mindset of the Crypto.

ya.ya.yo!

[dbc23]

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 also love gambling with crypto over fiat because of the ease to funding directly from my wallet and my most preferred is decentralized casinos. Crypto has made my gambling and also helped in saving me from unnecessary KYC verifications and also reduced issues of withdrawal scandals from casino operators. To Blockchain  has made the life of the private dudes a reality we now gamble with our full identity well secured gambling anonymously

[Fatunad]

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 also love gambling with crypto over fiat because of the ease to funding directly from my wallet and my most preferred is decentralized casinos. Crypto has made my gambling and also helped in saving me from unnecessary KYC verifications and also reduced issues of withdrawal scandals from casino operators. To Blockchain  has made the life of the private dudes a reality we now gamble with our full identity well secured gambling anonymously

And this is why gambling on crypto is getting more recognition and popularity because you could really play gambling without any hassle plus being anonymous since its not asking for some verification or kyc just like on fiat casinos which is really most preferred by most people plus you could deposit small amounts on different various coins that it is available on the casino for you to do so and when it comes to variety then
there are lots of choices for you to do so and this is why this market is becoming more bigger and bigger as years passed.

[rhomelmabini]

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!

Had a recent similar thread in here: https://bitcointalk.org/index.php?topic=5380746.0 but it was locked, I got the vibes that it may be locked as well by the moderators. If not, then best to discuss with.

I've already answered on that thread that cons always outweighs the pros and for sure most will agree with me. If not as well, you can have your opinion.

[dimonstration]

I also love gambling with crypto over fiat because of the ease to funding directly from my wallet and my most preferred is decentralized casinos. Crypto has made my gambling and also helped in saving me from unnecessary KYC verifications and also reduced issues of withdrawal scandals from casino operators. To Blockchain  has made the life of the private dudes a reality we now gamble with our full identity well secured gambling anonymously

Some gambling casino mostly requires KYC nowadays, especially for bigger withdrawal. Though if it's just for a small amount and mostly for hobby and to kill time then it's okay not to do KYC. But mostly nowadays the bigger casino that offers more features and games requires KYC, not for themselves but since their government requires them to keep their license. We just need to check whether they have a good reputation for keeping their customers identity safe.

[famososMuertos]

The effectiveness has nothing to do with whether it is crypto or fiat, believe me not, the odds do not change nor do your skills, now strategies to bankroll and the probability fair play, yes.

What I really like the most is my right bet 0.0000001 sat.  that sums up one of the intrinsic qualities of crypto casinos the size of the bet while in fiat it is hopefully two decimal places in crypto you have up to 8 decimal that gives you a plus of funds management that you do not have in fiat casinos, well this is mainly to manage small bankrolls, because in reality the most important thing is probability of fair play.

^{I think I have read a similar content to your question before, it is good to use the search engine from time to time before creating some topics, welcome to the Forum.}

[ralle14]

What do you mean by finding it much more effective than fiat? They both achieve the same end result and odds are pretty much identical between the sportbooks whichever you're using. Unless you already have spare crypto then it's a bit of an inconvenience and probably more expensive to use crypto after the transfer fees are taken into account. Not to mention any charges that an exchange might cost you to buy crypto in the first place - for new users to this it doesn't make much sense if they want to maximize earnings. It's always nice making use of the free bet offers that different crypto sites have going, but besides that I don't see any positives.

I'm guessing OP finds it convenient because KYC is optional in crypto casinos unlike in fiat where it's required upon registration. Even though you can't get away with KYC in exchanges I think a lot of people would prefer to undergo KYC in exchanges compared to casinos. From my experience, the transfer fees barely matter imo as there are different ways to save fees like using different payment methods or stick with altcoins it only becomes an issue when you have a small budget.

[blockman]

I see so many users keep mentioning crypto casino is anonymous and don't need KYC, while the fact almost crypto casino is centralized and will ask KYC if there's a problem (some casino even ask KYC while sign up).

It's true, that some may ask when you're about to withdraw but usually, they only do that if they find suspicious on your account's activity. But those reputable crypto casinos, won't be asking it the first time until you withdraw massively or they've found you abusing their system.
Fiat casinos are going to ask for this since they're registered somewhere and maybe locally, you have to provide them details. And with crypto casinos, it's a special case if ever they ask for it.

[bitbollo]

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!

There are good and bad aspects to be taken in count.
A good gamble should be able to use both fiat and crypto website.
Yes you can place microbets and play just for fun without KYC but in the same time you have minimum amount for withdraw and you have to pay transaction fees.

[TimeTeller]

I see so many users keep mentioning crypto casino is anonymous and don't need KYC, while the fact almost crypto casino is centralized and will ask KYC if there's a problem (some casino even ask KYC while sign up).

It's true, that some may ask when you're about to withdraw but usually, they only do that if they find suspicious on your account's activity. But those reputable crypto casinos, won't be asking it the first time until you withdraw massively or they've found you abusing their system.
Fiat casinos are going to ask for this since they're registered somewhere and maybe locally, you have to provide them details. And with crypto casinos, it's a special case if ever they ask for it.

What I have observed here is that most top or reputable casinos don't require KYC if you are pure crypto user.
But if you will use your credit card or use fiat, then, certainly, the casino will require KYC.
Also, if you are just a small time gambler and doesn't violate any terms of the casino, they won't give you a problem.
I have been playing in some known sportsbooks here and haven't encountered any problem so far.
One advantage also with crypto casino is you can bet small and just basically mind your own business.

[og kush420]

Gambling with crypto;
1. No KYC

Gambling with fiat
1. KYC

Not anymore, in the last few years especially since the last year we have seen that most crypto casinos started to have KYC in their terms.
Some casinos make it mandatory and some other make it conditionally.
It means that KYC is now something usual in crypto gambling industry, of course there are still some crypto casinos without KYC.

Unfortunately, the greatest advantage of playing with cryptocurrencies is slowly becoming unavailable. Fortunately, there are still casinos that do not require KYC verification and are completely anonymous, but they are mostly unlicensed, so playing on that platforms also runs the risk of disappearing with our money.

[chaser15]

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!

No need to speak with similar experiences since the topic is a bit redundant.

Just continue to gamble with crypto and soon you will determine the pros and cons of gambling with it. Just don't get carried away when winning unless you know and understand the risks.

That's my quick and simple advice to you.

[sovie]

In my experience, one of the biggest pluses for cryptocurrency gambling is the speed of withdrawals. Of course, this may vary depending on the site and the situation. However, I associate fiat gambling websites with a long wait for a withdrawal (even several days), and when it comes to cryptocurrency casinos, withdrawal is often even instant.

[aioc]

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!

It is more rewarding than playing with fiat, it's good that you made a shift the community has a lot of good casinos you only need to pick the right casinos that suit you, it's very convenient and rewarding playing in fiat if you're a Crypto investor because you know the value of the coins you're using and you have a variety of coins to choose from not to mention anonymity, but also get ready to undergo KYC, even if we are playing using Cryptocurrency some casinos still ask for KYC, it's in their terms. 

[magneto]

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!

The pro is that you are able to deposit/withdraw in a blink of an eye, and that there is virtually no KYC for most places you play on.

The major drawback right now is honestly the lack of regulation for these casinos. A lot of them have their own rules in regards to deposits, withdrawals and playing on their site and essentially the community relies on their reputation.

That's something that the fiat casino ecosystem is able to deliver much better - just a peace of mind regarding your funds.

[robelneo]

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!

Although it's an old topic it's still good to discuss gambling from fiat to Cryptocurrency, fiat is regulated because you have your vital information exposed when you deposit using your credit card, compared to Cryptocurrency where you will remain anonymous that is why we have a lot of fo gamblers shifting from fiat to Cryptocurrency they can always verify their deposits and Crypto based casinos are embraced by the industry and they have a community like what we have here in Bitcointalk.

[cabron]

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!

Although it's an old topic it's still good to discuss gambling from fiat to Cryptocurrency, fiat is regulated because you have your vital information exposed when you deposit using your credit card, compared to Cryptocurrency where you will remain anonymous that is why we have a lot of fo gamblers shifting from fiat to Cryptocurrency they can always verify their deposits and Crypto based casinos are embraced by the industry and they have a community like what we have here in Bitcointalk.

Crypto casinos do still have KYC but do not really force users unless the casino suspects the user to have cheated or is about to withdraw a large amount of money from the platform. True to thier TOS words, they really are asking KYC. There are reports in this forum that when they attempt to withdraw their winnings, they are practically asked to fill in their data before the withdrawal is executed.

Compared to using fiat, you are already asked before you could even play. But users who do gamble on their platform are often not privacy-concerned individuals so it's all up to them.

[Scripture]

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.

[molsewid]

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.

Yes exactly, with that being said either fiat of crypto which one will you choose to use in gambling you're still doing the same thing and that is to take risk your capital for a hope of earning profit out of it or simply just giving yourself an entertainment. Self-control is definitely needed in this kind of game, without having it you will fall into trap of lose and failure. On top of this, crypto is much easier to use with rather than fiat but still have a self limitation when gambling.