PROS AND CONS OF CRRYPTOGAMBLING.

[terrorJR]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

The casino will incur losses also if in case the alt that they are accepting crashed badly. Because it is already part of their bankroll and if that payment method crashed, it means, their bankroll may be affected if they have large amount of it in their vault. So for casinos which have long list of payment method, they should think of this possible repercussion before it happens to their coins they have.

This is the point. the damage in the coins will also have an impact on the cash damage they have, of course, so that, as I said before, the coin selection is still very influential here for the sake of running a business, which is indeed a fast money turnover, I think this can indeed be a reference.

but if we look at some sites today it is only famous coins and coins that have real projects that are used there

[South Park]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

This is why casinos are very careful when adding yet another coin for gamblers to use, with so many coins out there and with people investing in them every single day then I can get why those people would like for their coin to be accepted by their favorite casino, but we also need to take a look at this from the perspective of the casinos as well, and in many cases the benefits they could get are nowhere near the risks they will nee to take, which is why most casinos accept the very same cryptocurrencies and make little effort to accept even more coins.

[og kush420]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

This is why casinos are very careful when adding yet another coin for gamblers to use, with so many coins out there and with people investing in them every single day then I can get why those people would like for their coin to be accepted by their favorite casino, but we also need to take allow at this from the perspective of the casinos as well, and in many cases the benefits they could get are nowhere near the risks they will nee to take, which is why most casinos accept the very same cryptocurrencies and make little effort to accept even more coins.

In some countries where gambling is banned. People are coming in trading and earning some money.
This is the benefited of online gambling. Now people all across the world are getting benefited without going to casinos and without being caught.

[Boristhecat]

The big advantage is of course that it is relatively anonymous, apart from the KYC. You can deposit as much money as you want, there is no one to check or view a transaction and possibly put it on pause as banks often like to do. And it also goes very fast, you can gamble fairly quickly on the site after an upgrade. And for a payout it is of course exactly the same story. Anonymity could also be a disadvantage if you have problems with a casino.

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

[24Kt]

The big advantage is of course that it is relatively anonymous, apart from the KYC. You can deposit as much money as you want, there is no one to check or view a transaction and possibly put it on pause as banks often like to do. And it also goes very fast, you can gamble fairly quickly on the site after an upgrade. And for a payout it is of course exactly the same story. Anonymity could also be a disadvantage if you have problems with a casino.

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

Yes, if you are a high roller, you should expect that the casino will ask KYC from you especially those with gambling license. So it is not true that you can deposit as much money as you want without KYC. And you need to be careful with casinos that are not active in the forum, as your funds may be at jeopardy if you send big amount. You have no way of reaching out to them if they suddenly freeze your account and decided not to answer your ticket.

[Jemzx00]

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

Yes, if you are a high roller, you should expect that the casino will ask KYC from you especially those with gambling license. So it is not true that you can deposit as much money as you want without KYC. And you need to be careful with casinos that are not active in the forum, as your funds may be at jeopardy if you send big amount. You have no way of reaching out to them if they suddenly freeze your account and decided not to answer your ticket.

In all actuality, most high rollers choose website that doesn't require KYC even when the platform is legitimate or licensed. Also, there are some deals whereas the high roller either has been some kind of deal with the website to avoid KYC process or either used fake ID or other people identity for the KYC process.
Also, it is somehow false to say that if a gambling does not have or even is not active on there forum means that your funds may be in Jeopardy as there are some gambling casino out there that has superb customer service even though not being active on the forum. There are also gambling casino that are active on the forum but has alot of report on the website such as not being able to withdraw funds or even scamming their users.

[Fortify]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .
Yes, I know that many times it seems almost impossible to win though at the same time it’s the easiest way of doubling up your money.
Let’s talk about the pros:
It is decentralized:
 (without having one inside zone of command). No one can take your Bitcoins yonder from you or freeze your 'crypto account' due to the sheer of a inside legal/law-based validity in the system. You own your money and your transactions are safe.
It is secure:
 Your payment information cannot be stolen yonder from you. Bitcoin transactions do not require any personal data to be submitted, protecting you from identity theft. And there can be no chargebacks - once sent, Bitcoins transactions are unchangeable. This ways the transaction cannot be reversed or reverted from the way it was recorded in Bitcoin's public ledger, which makes for fewer risks for people who sells.
It is private:
Since no personal information is tying to your Bitcoin wallet, people do not know who (bought something for money) what. At the same time it is clear/open and honest, meaning that anyone can find information on addresses and their balances in a public ledger.
It is fast: It does not matter where you move (from one place to another) your coins to: be it an international move (from one place to another) or a local pizza (instance of ownership something for money). With Bitcoin any. With CoinsPaid's crypto-processing abilities, crypto casino deposits the move (from one place to another) is tropical to immediate.
Bitcoin has (had) low transaction fees: Since there are no (people or businesses who buy goods to sell to stores, not you) in a decentralized network, no one will tuition you for anything. More so , the way the technology is set up there might be fees for faster processing of transactions or (changing from one form, state, or state of mind to another) of bitcoins into fiat currency. Although, most wallets will requite you the option to (adjust/change to fit new conditions) your legation in favour of a quick crypto move (from one place to another) or a low commission.
It is not subject to inflation:
The number of Bitcoins to overly be issued is limited to about  21 million and Bitcoin volume growth is (expected), so they cannot be out like fiat types of money and poured into the (process of people making, selling, and ownership things) at random.
It is not unchangingly taxed:  The tax regulation for digital valuable things has come a long way as Bitcoin and altcoins have been recognized by some states as property, store of value, or plane currency. If you are planning to gamble in Bitcoin, make sure you know what your local tax law says on your winnings or from betting with crypto. But for most countries Bitcoin remains mostly uncontrolled.
In summary, from a player's point of view, Bitcoin is the perfect 'gaming coin'. Players love Bitcoin considering it offers unnamed upper speed transactions for deposits and withdrawals, which do not go through a decentralized financial system. In, most Bitcoin games are 'Provably Fair'.

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
 

Ironic you end on that note, every casino is built to take money from players while tantalizing them with the occasional win - it's a major con, maybe the only consideration that a player should make. If you understand any money that you deposit is "lost" by default and are fine with that, then feel free to play if it's fun to you, otherwise save your money. Some of the pros you mention are very variable depending on your jurisdiction, tax codes are extremely complicated and can change massively from country to country - some might tax the end result while others charge for every movement. You'll find most major crypto casinos will now require documentation and you kinda have to be more wary of those that don't - they tend to have an easier time disappearing if they choose.

[Saint-loup]

The big advantage is of course that it is relatively anonymous, apart from the KYC. You can deposit as much money as you want, there is no one to check or view a transaction and possibly put it on pause as banks often like to do. And it also goes very fast, you can gamble fairly quickly on the site after an upgrade. And for a payout it is of course exactly the same story. Anonymity could also be a disadvantage if you have problems with a casino.

If there is a KYC, it's not anymore anonymous but what do you mean precisely by saying it could also be a disadvantage if you have problems with a casino? All cryptocasinos are offshore casinos, even russian ones like the one you are promoting, then I don't really understand what giving your identity will change if there is a concern. It usually only depends on the good will of the casino, they only care of their reputation and their need to keep or attract good customers. You will never been able to bring them to justice.

[mm2543363580]

The big advantage is of course that it is relatively anonymous, apart from the KYC. You can deposit as much money as you want, there is no one to check or view a transaction and possibly put it on pause as banks often like to do. And it also goes very fast, you can gamble fairly quickly on the site after an upgrade. And for a payout it is of course exactly the same story. Anonymity could also be a disadvantage if you have problems with a casino.

If there is a KYC, it's not anymore anonymous but what do you mean precisely by saying it could also be a disadvantage if you have problems with a casino? All cryptocasinos are offshore casinos, even russian ones like the one you are promoting, then I don't really understand what giving your identity will change if there is a concern. It usually only depends on the good will of the casino, they only care of their reputation and their need to keep or attract good customers. You will never been able to bring them to justice.

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

[xSkylarx]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Gambling can be subjective. Those countries where gambling is a taboo has a very simple definition of gambling. Don't they realize that in real life we also gamble or take risks? Gambling is a form of entertainment, it only becomes a sin because most people get addicted to it with the mindset of it can make them rich in short amount of time, which only happens to very few people that are lucky. Gambling is a business to entertain people, they did not promise some returns.

[TopT3ns]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Gambling can be subjective. Those countries where gambling is a taboo has a very simple definition of gambling. Don't they realize that in real life we also gamble or take risks? Gambling is a form of entertainment, it only becomes a sin because most people get addicted to it with the mindset of it can make them rich in short amount of time, which only happens to very few people that are lucky. Gambling is a business to entertain people, they did not promise some returns.

I see in some countries there are also many people who gamble like for example in Las Vegas, there gambling is very normal and there is no need to think about sin or anything, they already know that it can make them lose and get rich quickly, but not all of them can. Get lucky very quickly, gambling depends on the luck you have.

[Eternad]

I see in some countries there are also many people who gamble like for example in Las Vegas, there gambling is very normal and there is no need to think about sin or anything, they already know that it can make them lose and get rich quickly, but not all of them can. Get lucky very quickly, gambling depends on the luck you have.

Only Muslim countries and other countries that have strict restrictions against gambling but the rest of the world gets a lot of profit from gambling industry. The only cons that I can see on gambling are when it was freely open in 3rd world countries which result in many life destroyed due to gambling addiction. People living on first world countries like US can easily get back on their feet with the proper support of their family since they have a huge financial capacity to recover compared to a poor country where jobs salary is very low and sufficient only for their own daily needs.

Monaco is the best example for moderating gambling while getting profit on it at the same time without involving there citizen on gambling addiction. This idea should be implement in poor countries to fight against gambling addiction.

[blatchcorn]

Only Muslim countries and other countries that have strict restrictions against gambling but the rest of the world gets a lot of profit from gambling industry. The only cons that I can see on gambling are when it was freely open in 3rd world countries which result in many life destroyed due to gambling addiction. People living on first world countries like US can easily get back on their feet with the proper support of their family since they have a huge financial capacity to recover compared to a poor country where jobs salary is very low and sufficient only for their own daily needs.

Monaco is the best example for moderating gambling while getting profit on it at the same time without involving there citizen on gambling addiction. This idea should be implement in poor countries to fight against gambling addiction.

There are many non Muslim countries also where gambling is strictly prohibited like Japan, North Korea etc. In gambling you can lose your all money in days or weeks and it doesn't matter how much financial cushion you have, you can easily end up on footpath after losing all your money. There are such examples in developed countries like USA and Europe. You cant say people living in advance countries can cope with gambling well.

[michellee]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Online gambling provides an opportunity for people curious about what gambling is like. People who have never gambled before will try to play gambling because of curiosity or by reading the experiences of other people who have played gambling for a long time. It's also the case with people in countries where gambling is taboo and illegal because of that curiosity. As long as they try to chase winnings from gambling and only play gambling for fun and can control themselves, they will not get into trouble from gambling.

[cabron]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Online gambling provides an opportunity for people curious about what gambling is like. People who have never gambled before will try to play gambling because of curiosity or by reading the experiences of other people who have played gambling for a long time. It's also the case with people in countries where gambling is taboo and illegal because of that curiosity. As long as they try to chase winnings from gambling and only play gambling for fun and can control themselves, they will not get into trouble from gambling.

People in the offline world frowns to the gamblers they see on traditional casinos. 
If I am seen by people who knew my mother, they'd likely be disappointed when they see me inside a gambling house. People judge us all the time and they may think I also do drugs while gambling.
 
But if I do it online with crypto, I may have saved my face. That's one of the CONS of cryptogambling, its online. No one will ever see me loitering inside a gambling house.

[og kush420]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Online gambling provides an opportunity for people curious about what gambling is like. People who have never gambled before will try to play gambling because of curiosity or by reading the experiences of other people who have played gambling for a long time. It's also the case with people in countries where gambling is taboo and illegal because of that curiosity. As long as they try to chase winnings from gambling and only play gambling for fun and can control themselves, they will not get into trouble from gambling.

People in the offline world frowns to the gamblers they see on traditional casinos. 
If I am seen by people who knew my mother, they'd likely be disappointed when they see me inside a gambling house. People judge us all the time and they may think I also do drugs while gambling.
 
But if I do it online with crypto, I may have saved my face. That's one of the CONS of cryptogambling, its online. No one will ever see me loitering inside a gambling house.

Well gambling is the fastest growing business. People want to start gambling and with the same speed they quit gambling. Maybe because of health issues, money issues or family issues, in some regions where gambling is not legal people finds alternative ways to gamble.
And sometime the trouble with gambling brings to them is unrepairable.

[terrorJR]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

This is why casinos are very careful when adding yet another coin for gamblers to use, with so many coins out there and with people investing in them every single day then I can get why those people would like for their coin to be accepted by their favorite casino, but we also need to take allow at this from the perspective of the casinos as well, and in many cases the benefits they could get are nowhere near the risks they will nee to take, which is why most casinos accept the very same cryptocurrencies and make little effort to accept even more coins.

It's not wrong if most people want the coins they invest to be on the list but on the other hand the reality is not that simple because from the casino's point of view they also prioritize business because this is not a means for investment but for gambling then indeed they also have their own reasons to add or not some coins there
The reason they add the same coin is because they already know that the coin is indeed safe enough and can still be used as gambling so they don't want to go against the grain with it

[Viscore]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Gambling can be subjective. Those countries where gambling is a taboo has a very simple definition of gambling. Don't they realize that in real life we also gamble or take risks? Gambling is a form of entertainment, it only becomes a sin because most people get addicted to it with the mindset of it can make them rich in short amount of time, which only happens to very few people that are lucky. Gambling is a business to entertain people, they did not promise some returns.

Despite of illegalities of gambling in some countries, i believe gamblers do not settle on that and won't gamble at all. They will always have the time to gamble, it's just that they should be extra careful not to be caught by the government officials. Maybe that's how they see it as a sin, contradicting the laws of the government. But in real life, people somehow need to gamble too because its just a form of entertainment but in a business way. And you need funds for you to be able to gamble, whether you win or lose in the end.

[Tumanggor]

~

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

Currently, gambling sites are indeed required to do KYC, but there are also those that do not require their users to do KYC, for example, Gamdom

other than that the KYC that is required is usually KYC level 1 and it's not that complicated (compared to KYC levels 2 and 3) so it's not that hard right now

[Fatunad]

~

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

Currently, gambling sites are indeed required to do KYC, but there are also those that do not require their users to do KYC, for example, Gamdom

other than that the KYC that is required is usually KYC level 1 and it's not that complicated (compared to KYC levels 2 and 3) so it's not that hard right now

Majority of crypto gambling sites arent asking for some verification or simply with KYC because we are on a market where decentralization do really matters but of course since these platforms are centralized then expect or anticipate that anytime they could really ask it out if they do notice something and this one is mostly shown on their terms and conditions.With the easy access that we do have today
then playing gambling is easy as breeze and in speaking with pros and cons in terms or financial situation and effects then it would be easily to determined with just
common sense.hehehe