Why did cryptocurrencies become so valuable for the iGaming market?

[Snack_Token]

Why did cryptocurrencies become so valuable for the iGaming market?

Cryptocurrencies are increasing their influence in the financial world, and blockchain technology has been adopted in many sectors beyond finance.

iGaming is taking the world by storm and continues to expand as new operators enter new markets, and new technology is constantly in development. As expected, cryptocurrencies have found their way to the online gambling world. At first, a limited number of online casinos and sports betting operators offered the most prominent cryptocurrency, Bitcoin, as a payment method alongside more traditional payment options. Now, more and more operators offer a variety of cryptocurrencies to make deposits and withdrawals. This opens up plenty of opportunities, and you can fulfill many of these with Crypto Snack.

Cryptocurrencies are moving from niche to mainstream and have become a payment option for many online businesses and platforms. As mentioned, several online casinos and betting sites have adopted crypto money as a payment method. What exactly makes depositing and withdrawing with cryptocurrencies attractive to players?

Increased level of excitement:
Playing with cryptocurrencies can bring additional excitement to your game. Not only because it's something different but also because it can add a degree of volatility. Cryptocurrencies are volatile and can quickly increase or decrease in value compared to traditional currencies. When crypto is up, and you decide to cash out, you make more than if you had played with traditional currencies. Although you're playing for fun, the chance for more significant rewards is where the excitement lies.

Bigger rewards:
As a player, you can benefit from exclusive deals and rewards when depositing crypto money. And talking of rewards, Crypto SNACK tokens can take your betting to the next level.


As a player, wich other benefits would you add to the list?


Learn more about the Snack Token on https://www.cryptosnacks.org

[Hispo]

The popularity of the cryptocurrencies within this market certainly comes from the fact that they can be easier to handle than FIAT money, this is a consequence of the self-custody that is possible with Bitcoin and altcoins. This way, one does not need to have a bank as trusted party to deposit or withdraw the money. Anyone can transfer their earnings to a wallet and exchange it for FIAT later, with less concerns to get the bank account frozen or the tagged for what a bank could believe to be "suspicious activities".

In the end, it is about removing third parties which may not be 100% okey with such services.

[_act_]

I see this just as an opportunity to market Crypto Snack.

If anyone do not want to use fiat, cryptocurrencies that are pegged with fiat like USDT can be used. I have seen USDT and some other stable coins option on the crypto iGaming platforms that I have visited before.

The best time to use unstable coins like bitcoin is a time like this if you are not withdrawing as fast as possible and if you did not lose the coin to gambling, because your bitcoin can increase in price if compared to fiat.

[Ebede]

How do you say it is out of clarity and endorsement because Bitcoin it is a digital currency which every nation what country can have access to it all over the world and it is easier for you to have it in your own wallet with internet help it is valuable in another way because is not difficult to know and it is understandable for every average youth that is why the adoption today the majority is from the use not for the elderly men

[robelneo]

Why post this project here it's not something related to Bitcoin casino, it should be on the altcoin announcement because you are introducing a token to the community

Crypto Snack will be the number one cryptocurrency used worldwide in iGaming platforms

Checking the site you provided I just hate it when I saw brand names that are not even clickable and just used to gain reputation this is how suspicious projects works

You mentioned

Accepted as payment method for 800+ Online businesses

Then provide us the directory or complete list of that 800+ Online businesses.

[fiulpro]

It's more about :
Ease
No documentation needed
More flexible

That is why I do think that market have somehow adopted these cryptocurrencies into the igaming, not just that but the gambling companies as well. But I won't go that far to own something like the Snack Token, because most good sites have already integrated themselves with Bitcoins and other cryptocurrencies therefore having other tokens personally feel like a waste since it's easier to do everything in Bitcoins or ETH.

[YOSHIE]

Why did cryptocurrencies become so valuable for the iGaming market?

Try to imagine when you place a bet on an online gambling site, you have to queue and wait for hours at the bank when making a deposit, how much time wasted, are you not ashamed to queue at the bank, deposit to an online gambling site for only $10.

Crypto doesn't need everything I said, you can make a deposit at 02 am, without having to leave the house to the bank ATM, crypto is more efficient and easy to use anytime and anywhere, when you are online.

Crypto has convenience for users who want to bet on online gambling sites, today's world has sophisticated technology and is easy to access, especially crypto users, so it is very natural that crypto becomes an idol for gambling bettors today.

Learn more about the Snack Token on https://www.cryptosnacks.org

Ohh, damn he's promoting something here.

[PX-Z]

I disagree with this opinion. Volatility never gives an excitement on gambling using crypto. The only reason that excites me to gamble using crypto is the privacy it can gives me and I can play whenever I want compared to fiat that needs bank account which usually undergo further audit on all of my transaction.

Excitement towards privacy using crypto in gambling contradicts the idea of KYC in the platform unless you are using unregulated and non-KYC required gambling website.

No one wants to gamble using a volatile asset because that gives more risk of losing.

Again this contradicts of what you earlier said. If this one of everyone's reason then why everyone is using a non-stable crypto which is bitcoin which is obviously volatile.

Actually every services offered or paid using crypto always has excitement and risks towards volatility. Imagine you only send $100 worth of bitcoin you played and lost quarter of it, then you take a rest for a while then bitcoin value increase, now it feels like you didnt played and lost since the value increased  almost the same as the one you previously deposited.

What people likes crypto as funds used to deposit it it doesnt have limitations over any country,can send anytime, lesser fees (sometimes), and privacy (sometimes too).

[AmoreJaz]

Why did cryptocurrencies become so valuable for the iGaming market?

Try to imagine when you place a bet on an online gambling site, you have to queue and wait for hours at the bank when making a deposit, how much time wasted, are you not ashamed to queue at the bank, deposit to an online gambling site for only $10.

Crypto doesn't need everything I said, you can make a deposit at 02 am, without having to leave the house to the bank ATM, crypto is more efficient and easy to use anytime and anywhere, when you are online.

Crypto has convenience for users who want to bet on online gambling sites, today's world has sophisticated technology and is easy to access, especially crypto users, so it is very natural that crypto becomes an idol for gambling bettors today.

Learn more about the Snack Token on https://www.cryptosnacks.org

Ohh, damn he's promoting something here.

this is indeed true! you can bet small anytime, anywhere you want. you don't have to be ashamed of placing 10 bucks for your bet. no one cares here if you only have small amount to play. as you are playing anonymously, you have no worries of other people knowing your gambling activities. and as you mentioned, the convenience is also a big factor for me. no need to worry about dressing up, travel or any of that prep stuffs that you need to do before going to a traditional casino. and most importantly, we don't need to mingle with the crowd, remember we are not yet out of the woods of this pandemic crisis.

bottomline, the OP just want to promote his site. 

[coolcoinz]

bottomline, the OP just want to promote his site. 

Shill thread

Anyway, I'll answer the question. Like it was already mentioned, OP is wrong about excitement being the driving factor here. He's right about the popularity of cryptocurrencies in the gambling market. This is becoming a huge industry, but manly due to anonymity, the ability to circumvent local laws. Also, people can earn crypto outside of their job and it never goes through their bank account which for many people is a big deal. The spouse doesn't know that you're gambling, the tax office or your employer don't know either. If you win money it's yours to keep.

[cabron]

Crypto Snacks 

Anyway, other than whats mentioned the KYC is one of the reason. Not all casino today are asking KYC.
Playing on casino with Doge while its value was less than a cent was already exciting but the time when Elon pumped, the more exciting it was to play and investors realized also its getting good to hold the coin. Therefore there's reality to the level of excitement, we play with it while its value increase.

[Agbe]

Why did cryptocurrencies become so valuable for the iGaming market?


As a player, wich other benefits would you add to the list?


Learn more about the Snack Token on https://www.cryptosnacks.org

From the question you asked, are you asking us to review the crypto snack casino gambling site? You are the agent or a promoter of the site, so you supposed know what to do to review a site. And why cryptocurrencies are valuable is just like a rhetorical question which I have already placed it at the way. Although you tried by explaining the bolded question on the OP. But not really answered. Because the answer to that question is unlimited and infinite. Simply put. Cryptocurrencies are valuable by almost all the online casinos are because cryptocurrencies are digital currencies which is very easy and stressed full to use with transactions. And before any online casino is lunched it should understand the kyc system for easy access, communication and all of them all the traffic free transactions in your company, that can promote and give good reputation to your company.

[crzy]

I see this as a way to market the SNACKS token, well i don’t believe on the whole context here since volatility doesn’t give any excitement at all and seriously, some gamblers are not ok with this since they are losing the value of their crypto and because of this, they are being limited on their betting especially if the price of their coins is dumping. The adoption is already here, its still good to see many site are already accepting cryptocurrency and major coins, igaming will surely grow more.

[og kush420]

I see this as a way to market the SNACKS token, well i don’t believe on the whole context here since volatility doesn’t give any excitement at all and seriously, some gamblers are not ok with this since they are losing the value of their crypto and because of this, they are being limited on their betting especially if the price of their coins is dumping. The adoption is already here, its still good to see many site are already accepting cryptocurrency and major coins, igaming will surely grow more.

The point "Big Reward" is very important.
Everyone want to become rich - now all those who were investor in coin in early days are now reaping the crop and the newbie thinks that it is are easy are a piece of cake. So everyone wants to be rich in limited time.

[Snack_Token]

Why post this project here it's not something related to Bitcoin casino, it should be on the altcoin announcement because you are introducing a token to the community

Our introduction to the community was here: https://bitcointalk.org/index.php?topic=5391341.msg59638190#msg59638190

We believe that everything related to companies that promote the use of this type of technology, directly or indirectly, boosts Bitcoin. And we also work with Bitcoin Casinos: https://www.cryptosnacks.org/bitcoin-casino/

Checking the site you provided I just hate it when I saw brand names that are not even clickable and just used to gain reputation this is how suspicious projects works

I understand what you mention, thanks for the feedback. Links are now incorporated.

In the same way, all our information, agreements, announcements and team members are public:

RCD ESPANYOL SPONSORSHIP: https://bitcointalk.org/index.php?topic=5398020.msg60092995#msg60092995 + https://www.bsc.news/post/la-liga-side-espanyol-to-accept-bitcoin-for-tickets-merch

BGAMING PARTNERSHIP: https://bitcointalk.org/index.php?topic=5401658.msg60305613#msg60305613 + https://sigma.world/news/bgaming-integrates-crypto-snack-currency-to-its-igaming-portfolio/

CoinsPaid PARTNERSHIP: https://finance.yahoo.com/news/crypto-snack-now-listed-coinspaid-084200208.html + https://coinspaidmedia.com/business/interview-with-crypto-snack/

Then provide us the directory or complete list of that 800+ Online businesses.

These businesses are provided by CoinsPaid and Cryptoprocessing platform. Snack is 1 of the currencies currently listed for crypto payment processing.  You will find all the necessary information here:  https://docs.cryptoprocessing.com/


Whatever else you want to know, we are always open for questions and doubts.


Have a great day

[bitterguy28]

Increased level of excitement:
Playing with cryptocurrencies can bring additional excitement to your game. Not only because it's something different but also because it can add a degree of volatility. Cryptocurrencies are volatile and can quickly increase or decrease in value compared to traditional currencies. When crypto is up, and you decide to cash out, you make more than if you had played with traditional currencies. Although you're playing for fun, the chance for more significant rewards is where the excitement lies.

I disagree with this opinion. Volatility never gives an excitement on gambling using crypto. The only reason that excites me to gamble using crypto is the privacy it can gives me and I can play whenever I want compared to fiat that needs bank account which usually undergo further audit on all of my transaction. No one wants to gamble using a volatile asset because that gives more risk of losing. Maybe some people excites with that crazy fetish if I may describe but most of the people excites most of the games and not on the currency that they are using. Maybe futures trading is what you are describing for such statement.

It is your view and belief but the excitement we are talking here is that the crypto you are using in gambling is surprisingly increase its value in the market so  like me? I remember Using dogecoin back in 2018  till 2020 and when i stopped playing in that certain site i almost forgot my funds that is in Doge but last year? when Dogecoin reached the top? then i look deep for my funds and luckily ? the value really increased by multiple value so that i know that volatility really helps us gambling in crypto.

[TheGreatPython]

It's more about :
Ease
No documentation needed
More flexible

That is why I do think that market have somehow adopted these cryptocurrencies into the igaming, not just that but the gambling companies as well. But I won't go that far to own something like the Snack Token, because most good sites have already integrated themselves with Bitcoins and other cryptocurrencies therefore having other tokens personally feel like a waste since it's easier to do everything in Bitcoins or ETH.

Ease and flexibility is there but about the documentation thing, I believe they are still involved as some gambling sites are regulated by the government. These gambling sites can then ask kyc's where a user must submit some documents to get approved.

I don't think cryptos are so valuable for them since there are still other payment methods which are more prioritized but the reason why they adopted it is due to the trend. Dunno whats that snack token your talking about but is it similar to sites that have their own token like what we see on betfury and owlgames? It isn't bad to have one though and they can still accept other cryptos along with that.

[og kush420]

Why did cryptocurrencies become so valuable for the iGaming market?

Cryptocurrencies are increasing their influence in the financial world, and blockchain technology has been adopted in many sectors beyond finance.

iGaming is taking the world by storm and continues to expand as new operators enter new markets, and new technology is constantly in development. As expected, cryptocurrencies have found their way to the online gambling world. At first, a limited number of online casinos and sports betting operators offered the most prominent cryptocurrency, Bitcoin, as a payment method alongside more traditional payment options. Now, more and more operators offer a variety of cryptocurrencies to make deposits and withdrawals. This opens up plenty of opportunities, and you can fulfill many of these with Crypto Snack.

Cryptocurrencies are moving from niche to mainstream and have become a payment option for many online businesses and platforms. As mentioned, several online casinos and betting sites have adopted crypto money as a payment method. What exactly makes depositing and withdrawing with cryptocurrencies attractive to players?

Increased level of excitement:
Playing with cryptocurrencies can bring additional excitement to your game. Not only because it's something different but also because it can add a degree of volatility. Cryptocurrencies are volatile and can quickly increase or decrease in value compared to traditional currencies. When crypto is up, and you decide to cash out, you make more than if you had played with traditional currencies. Although you're playing for fun, the chance for more significant rewards is where the excitement lies.

Bigger rewards:
As a player, you can benefit from exclusive deals and rewards when depositing crypto money. And talking of rewards, Crypto SNACK tokens can take your betting to the next level.


As a player, wich other benefits would you add to the list?


Learn more about the Snack Token on https://www.cryptosnacks.org

I think the big reward and the quick reward is what is attracting the gamblers the most. Also due to easy access and many easy info available online people are coming more and more toward crypto and gaming. There are pro and cons but definitely this is the most rewarding and quickest way to grab money.

[LUCKMCFLY]

I see this as a way to market the SNACKS token, well i don’t believe on the whole context here since volatility doesn’t give any excitement at all and seriously, some gamblers are not ok with this since they are losing the value of their crypto and because of this, they are being limited on their betting especially if the price of their coins is dumping. The adoption is already here, its still good to see many site are already accepting cryptocurrency and major coins, igaming will surely grow more.

Well OP is not denying that he has an interest in being noticed in his project or token, although I sincerely liked the information, each person fights for what he wants to achieve and if he is an advertising person he is very well disguised, however I would consider that he could be more active in the forum so they don't think he's just a foreigner who came and wrote and left, here in the forum things don't work like that, here it's more about follow-up, more about explaining, convincing, establishing a good debate where everyone contributes and above all it is a high level debate, I consider that if OP manages to do this he would be very successful even with his token.