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Author Topic: Thinking about opening a cryptocasino  (Read 2116 times)
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November 07, 2022, 10:22:33 AM
 #81

4) You can place bets over the phone 24/7
What does this mean? Your website/casino is accessible through the phone, it sounds misleading that someone can just bet through the phone by calling or texting. But I think this is all about accessing as your website is also going to be a responsive one with mobile.

It means we are going to have a 24/7 phone number available where you can call and place a bet you are going to be ask for a special 2 auth code

I am only going to follow the laws of my country and i am not breaking any
All right.

That's a good explanation and I understand that, I thought that this only exists into the local physical casinos where they offer like a VIP treatment for their huge bettors and gamblers.

I think that you'll be one from the few that will offer this ease to your customers. But I've thought already of many problems might exist on this like identification and prank calls although, I know that you can handle it.

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November 07, 2022, 11:01:46 AM
 #82

Hi well we are in the process of opening a crypto casino and sportsbook we hope is ready in one month

Some features of our casino / sportsbook:
1) 100% anonymous we are never going to ask you for any personal info or KYC BS it doesn't matter the amount

Most gamblers try to hide themselves and find KYC free casinos .your casino offering 100% anonymous feature . then how about casino licence . is Your casino is properly licensed ? As far as I know if you want to get a casino license then you must have a rules and regulation on your site and ask users for kyc for high amount bets and withdrawal.  Because bad things like money laundering are done through gambling.  And this is a crime

Quote

2) we are also going to have a live casino

Ok this is great and common features

Quote

3) we are going to accept privacy coins like XMR

Yes this is a good feature and it allows users to deposit quickly with untracked transcation

Yeah we have a Costa Rican gambling license the thing about Costa Rica license is we are not required by law to do KYC we only follow the law
It is much better if you have licensed your site.  But here I have some doubts why any licensing agency would give a license for your site to use the site completely anonymously.  Because there is a lot of privacy and there are a lot of trams & conditions that no user can do any illegal activities through any licensed casino.  But if your site allows users to gamble in a completely anonymous manner and if users never need to kYC then it's natural that there will be a lot of illegal activities, how do you prevent this?


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November 07, 2022, 12:04:23 PM
 #83

Interesting and good luck!!

Few questions. What would be the slot games risk exposure, how much I would be able to win from one bet in slots? What top slots providers are you planning to launch with? Are you going to offer instant cash outs? If not, then what would be the waiting time? Any limits on cashing out, for example I get lucky in baccarat and win $500K playing $10k bets?
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November 07, 2022, 12:44:25 PM
 #84

what else should we add?

When it comes to online gambling, it's clear that there are some inherent advantages for a platform taking the cryptocurrency route. As opposed to relying on fiat money and traditional payment processors. And with the added bonus of privacy and anonymity, your gambling platforms will have an unprecedented edge in a competitive sector. This is why it's critical to place an emphasis on the security protocols that you're providing. If you can make someone feel safe handing over their money, then you're already miles ahead of your competition. And if that security comes with the added benefit of anonymity? That's going to be a huge draw for your platform.

As always, I suggest doing plenty of research beforehand. There are plenty of scams out there making use of the popularity of online gaming and cryptocurrency, so approach with caution. As for us gamblers, I hope you make it as fast and simple as possible for us to deposit and withdraw funds. In other words, I hope you make it easy for us gamblers to get our money into and out of your casino. Of course we want to enjoy the games, but we also want to be able to move our funds around easily when we want. It's the only way to ensure we will keep coming back.


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November 07, 2022, 02:05:50 PM
 #85

About #1, many casinos have touted this but in the end, it's ultimately to protect the casino's interests.

Are you sure you guys aren't gonna process KYC in case some withdraws or deposits are suspicious?
I look into their page it looks like they currently have no plan for KYC requests for now and I believe this is because they only accept Monero as payment now according to what's written on their site. However, the KYC issue may be involved in the future when they add more coins or get a license.

The best thing for me is gambling at a reputable casino and I don't care if they require KYC in the future.


Thanks for visit our site, the sportbook and the casino is not ready yet
Also, we are license in Costa Rican and i am from Costa Rica i will never get other license so we don't have plans to implement KYC ever Smiley

[moderator's note: consecutive posts merged]
You claimed to be from Costa Rica and also licensed there but there's no information on your site which contain the license information.
Secondly, any reason why a casino that's licensed in Costa Rica will choose not to provide services to people in Costa Rica? The information on your site says "We accept players from anywhere except from Costa Rica." Does this mean you accept US users?
If you're licensed in Costa Rica are their Master license holder rules and regulations not supporting KYC?
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November 07, 2022, 04:28:11 PM
 #86

I would also make it a point to make new slots a priority. I play a couple sites who don't get all the new slots as fast as other sites such as Stake or Gamdom. Kinda makes me feel like the slower sites may be pirating games.

A/ Yeah the problem about adding new slots games from some providers are the integration fees sometime $10k+ plus the developing



4) You can place bets over the phone 24/7
What does this mean? Your website/casino is accessible through the phone, it sounds misleading that someone can just bet through the phone by calling or texting. But I think this is all about accessing as your website is also going to be a responsive one with mobile.

It means we are going to have a 24/7 phone number available where you can call and place a bet you are going to be ask for a special 2 auth code

I am only going to follow the laws of my country and i am not breaking any
All right.

That's a good explanation and I understand that, I thought that this only exists into the local physical casinos where they offer like a VIP treatment for their huge bettors and gamblers.

I think that you'll be one from the few that will offer this ease to your customers. But I've thought already of many problems might exist on this like identification and prank calls although, I know that you can handle it.


A/ Yes we are still trying to figure out the most secure way to do this we think to confirm the bet the player would need to provide a 2 factor authentication code



Hi well we are in the process of opening a crypto casino and sportsbook we hope is ready in one month

Some features of our casino / sportsbook:
1) 100% anonymous we are never going to ask you for any personal info or KYC BS it doesn't matter the amount

Most gamblers try to hide themselves and find KYC free casinos .your casino offering 100% anonymous feature . then how about casino licence . is Your casino is properly licensed ? As far as I know if you want to get a casino license then you must have a rules and regulation on your site and ask users for kyc for high amount bets and withdrawal.  Because bad things like money laundering are done through gambling.  And this is a crime

Quote

2) we are also going to have a live casino

Ok this is great and common features

Quote

3) we are going to accept privacy coins like XMR

Yes this is a good feature and it allows users to deposit quickly with untracked transcation

Yeah we have a Costa Rican gambling license the thing about Costa Rica license is we are not required by law to do KYC we only follow the law
It is much better if you have licensed your site.  But here I have some doubts why any licensing agency would give a license for your site to use the site completely anonymously.  Because there is a lot of privacy and there are a lot of trams & conditions that no user can do any illegal activities through any licensed casino.  But if your site allows users to gamble in a completely anonymous manner and if users never need to kYC then it's natural that there will be a lot of illegal activities, how do you prevent this?

A/ The thing about the Costa Rican license is we have a lot of freedom we are not required by law to do KYC we also have account limits


Interesting and good luck!!

Few questions. What would be the slot games risk exposure, how much I would be able to win from one bet in slots? What top slots providers are you planning to launch with? Are you going to offer instant cash outs? If not, then what would be the waiting time? Any limits on cashing out, for example I get lucky in baccarat and win $500K playing $10k bets?


A/ Thanks ! we are still in development so the provider for the slots game is not yet ready, all the withdrawals are going to be manually we hope is going to take less than 1 hour, with our current bank roll we are not going to allow $10k bets on some games until we have enough bank roll to be able to pay high wins, but with Poker we are going to allow high stakes since they are playing against each other, you would be always able to withdraw all your money at once if for example you won $500k in poker sure is your right to withdraw all at once we are not going to put BS withdraw terms.




 
what else should we add?

When it comes to online gambling, it's clear that there are some inherent advantages for a platform taking the cryptocurrency route. As opposed to relying on fiat money and traditional payment processors. And with the added bonus of privacy and anonymity, your gambling platforms will have an unprecedented edge in a competitive sector. This is why it's critical to place an emphasis on the security protocols that you're providing. If you can make someone feel safe handing over their money, then you're already miles ahead of your competition. And if that security comes with the added benefit of anonymity? That's going to be a huge draw for your platform.

As always, I suggest doing plenty of research beforehand. There are plenty of scams out there making use of the popularity of online gaming and cryptocurrency, so approach with caution. As for us gamblers, I hope you make it as fast and simple as possible for us to deposit and withdraw funds. In other words, I hope you make it easy for us gamblers to get our money into and out of your casino. Of course, we want to enjoy the games, but we also want to be able to move our funds around easily when we want. It's the only way to ensure we will keep coming back.



A/ Thanks ! yeah we are working on making the deposit and withdrawal process as simple as possible




About #1, many casinos have touted this but in the end, it's ultimately to protect the casino's interests.

Are you sure you guys aren't gonna process KYC in case some withdraws or deposits are suspicious?
I look into their page it looks like they currently have no plan for KYC requests for now and I believe this is because they only accept Monero as payment now according to what's written on their site. However, the KYC issue may be involved in the future when they add more coins or get a license.

The best thing for me is gambling at a reputable casino and I don't care if they require KYC in the future.


Thanks for visit our site, the sportbook and the casino is not ready yet
Also, we are license in Costa Rican and i am from Costa Rica i will never get other license so we don't have plans to implement KYC ever Smiley

[moderator's note: consecutive posts merged]
You claimed to be from Costa Rica and also licensed there but there's no information on your site which contain the license information.
Secondly, any reason why a casino that's licensed in Costa Rica will choose not to provide services to people in Costa Rica? The information on your site says "We accept players from anywhere except from Costa Rica." Does this mean you accept US users?
If you're licensed in Costa Rica are their Master license holder rules and regulations not supporting KYC?


A/ Yes we are licensed in Costa Rica we are allow to operate an online casino , the site is not ready we are going to add in the footer more info about costa rica license because is a lot different than other countries

With the current costa rica gambling laws the governmentt is the only one who can run gambling for Costa Rican players you can search on google to see i am telling the true  

Yes we accept US players Smiley, the Costa Rica license allow us to take bets from any person except from Costa Ricans that is why a lot of sportbooks / Casions who accept US players are in Costa Rica

The gambling laws in Costa rica is simple we can't accept costa rican players and we can't open bank accounts in the country but for us is fine since we are a 100% crypto company. Smiley
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November 07, 2022, 04:30:45 PM
 #87

Thanks yeah about the bonus cheaters i think we have to sacrifice that and offer low bonus so we can be always 100% a KYC free site
Try to avoid no deposit bonus even if the amount is a few dollar. You will end up discovering yourself losing a lot of money. Eventually these accounts are hundreds of bots from a few group of people.

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November 07, 2022, 04:39:19 PM
 #88

Thanks yeah about the bonus cheaters i think we have to sacrifice that and offer low bonus so we can be always 100% a KYC free site
Try to avoid no deposit bonus even if the amount is a few dollar. You will end up discovering yourself losing a lot of money. Eventually these accounts are hundreds of bots from a few group of people.

Thanks yeah we are going to do maybe a loyalty program so if you bet on the site 4 time at month you would get cashback it doesn't matter the amount you bet if you are loyal to the site we are going to give cashback or free spins
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November 07, 2022, 05:04:31 PM
 #89

Thanks yeah we are going to do maybe a loyalty program so if you bet on the site 4 time at month you would get cashback it doesn't matter the amount you bet if you are loyal to the site we are going to give cashback or free spins

I have an idea but I am not sure how good it would be for your project of casino.
What about giving bonuses/free spins to people who are unlikely to cheat them? You could give away some unique bonus codes to reputable Bitcointalk Hero & Legendary users of the Gambling section, these codes would be not intended to be transferred or used more than once per account, that way you would encourage some people around here to deposit and give your casino a try.




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Betcrypto.cr (OP)
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November 07, 2022, 05:09:42 PM
 #90

Thanks yeah we are going to do maybe a loyalty program so if you bet on the site 4 time at month you would get cashback it doesn't matter the amount you bet if you are loyal to the site we are going to give cashback or free spins

I have an idea but I am not sure how good it would be for your project of casino.
What about giving bonuses/free spins to people who are unlikely to cheat them? You could give away some unique bonus codes to reputable Bitcointalk Hero & Legendary users of the Gambling section, these codes would be not intended to be transferred or used more than once per account, that way you would encourage some people around here to deposit and give your casino a try.





Sure is a really good idea we are going to do it thanks Smiley
TimeTeller
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November 07, 2022, 08:14:16 PM
 #91

Thanks yeah about the bonus cheaters i think we have to sacrifice that and offer low bonus so we can be always 100% a KYC free site
Try to avoid no deposit bonus even if the amount is a few dollar. You will end up discovering yourself losing a lot of money. Eventually these accounts are hundreds of bots from a few group of people.

Thanks yeah we are going to do maybe a loyalty program so if you bet on the site 4 time at month you would get cashback it doesn't matter the amount you bet if you are loyal to the site we are going to give cashback or free spins

That's not hard to complete. 4 time a month without considering the amount.
Maybe, add also levels of the gambler. The higher the level or the more they wager, they will have better cashback percentage or more free spins.
Looking forward to see how this site will evolve and if indeed they will attract users that can maintain their business.
As we have seen, we have so many casinos/bookies existing already, they need to find their own identity to create their own niche.
Betcrypto.cr (OP)
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November 07, 2022, 08:20:31 PM
 #92

Thanks yeah about the bonus cheaters i think we have to sacrifice that and offer low bonus so we can be always 100% a KYC free site
Try to avoid no deposit bonus even if the amount is a few dollar. You will end up discovering yourself losing a lot of money. Eventually these accounts are hundreds of bots from a few group of people.

Thanks yeah we are going to do maybe a loyalty program so if you bet on the site 4 time at month you would get cashback it doesn't matter the amount you bet if you are loyal to the site we are going to give cashback or free spins

That's not hard to complete. 4 time a month without considering the amount.
Maybe, add also levels of the gambler. The higher the level or the more they wager, they will have better cashback percentage or more free spins.
Looking forward to see how this site will evolve and if indeed they will attract users that can maintain their business.
As we have seen, we have so many casinos/bookies existing already, they need to find their own identity to create their own niche.

Thanks yeah we are still trying to come with awesome bonus and not being target by bonus cheaters since we are not going to do KYC

We are betting on creating our own niche by being 100% privacy focus aka no KYC and also accepting exotic coins and allowing exotic bets example who is going to be president etc and allowing players from around the world
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November 07, 2022, 09:46:20 PM
 #93

There are two main questions. Will the site pay and will it limit competent players? The rest are pointless questions.
Betcrypto.cr (OP)
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November 07, 2022, 11:05:03 PM
 #94

There are two main questions. Will the site pay and will it limit competent players? The rest are pointless questions.

Yes we are going to pay we also have the idea to post our bankroll wallet so people can know we have the money to pay users, about competent players do you mean sharp players ?
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November 07, 2022, 11:58:01 PM
 #95

will there be a bet limit for winning players.
Betcrypto.cr (OP)
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November 08, 2022, 12:04:39 AM
 #96

will there be a bet limit for winning players.

Each account already come with a bet limit why you may ask?

Well because we don't want to allow $10k single bets for the casino / sportbook at this moment because our bank roll is not in the millions of USD maybe in the future, we will allow high bets

With Poker we are going to allow high stakes so if you want to play $10k tables you can do it since you are playing against each other
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November 08, 2022, 06:00:24 AM
 #97

It is much better if you have licensed your site.  But here I have some doubts why any licensing agency would give a license for your site to use the site completely anonymously.  Because there is a lot of privacy and there are a lot of trams & conditions that no user can do any illegal activities through any licensed casino.  But if your site allows users to gamble in a completely anonymous manner and if users never need to kYC then it's natural that there will be a lot of illegal activities, how do you prevent this?
He already confirmed that his site has a license. I didn't know that there are licenses which allows gambling site to operate without a KYC but I always thought that license and KYC are co-related to each other but isn't that great? I think this is a dream come true for those who are looking for licensed gambling sites while at the same time doesn't like the idea of KYC.

Playing on that type of gambling site is better than playing on a non-licensed site with no KYC because it gives you some assurance that they are safe. It will be hard for them to turn into a scam knowing that their details are already recorded and they can be tracked down easily.

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traderethereum
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November 08, 2022, 06:27:42 AM
 #98

I like the idea of posting your bankroll wallet so your members know that you have the money to pay the winners and they will see if the balance is run out of the money.
That can help convince the members that you are trying to run your business without having financial problems.
It is good to hear that you will not apply KYC for your customers and I hope you will not be implemented it in the future so we can play gambling anonymously without thinking about KYC.
If you add slot games to your site from one of the famous providers, will they ask you about licenses and other things related to KYC?
If they allow you to do that, it will be good to add more slot games since gambling games are very popular among gamblers.

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November 08, 2022, 02:00:16 PM
 #99

It is much better if you have licensed your site.  But here I have some doubts why any licensing agency would give a license for your site to use the site completely anonymously.  Because there is a lot of privacy and there are a lot of trams & conditions that no user can do any illegal activities through any licensed casino.  But if your site allows users to gamble in a completely anonymous manner and if users never need to kYC then it's natural that there will be a lot of illegal activities, how do you prevent this?
He already confirmed that his site has a license. I didn't know that there are licenses which allows gambling site to operate without a KYC but I always thought that license and KYC are co-related to each other but isn't that great? I think this is a dream come true for those who are looking for licensed gambling sites while at the same time doesn't like the idea of KYC.

Playing on that type of gambling site is better than playing on a non-licensed site with no KYC because it gives you some assurance that they are safe. It will be hard for them to turn into a scam knowing that their details are already recorded and they can be tracked down easily.

A/ Yes the Costa Rica license give us a lot of freedom



I like the idea of posting your bankroll wallet so your members know that you have the money to pay the winners and they will see if the balance is run out of the money.
That can help convince the members that you are trying to run your business without having financial problems.
It is good to hear that you will not apply KYC for your customers and I hope you will not be implemented it in the future so we can play gambling anonymously without thinking about KYC.
If you add slot games to your site from one of the famous providers, will they ask you about licenses and other things related to KYC?
If they allow you to do that, it will be good to add more slot games since gambling games are very popular among gamblers.


A/ Yes we are still studying the idea of posting our bankroll idk if some users will coordinate and attack us in some way
Also we are trying to integrate some of the popular slots providers like pragmatic, the problem for us is the price of integration is quite expensive  maybe we should allow people to invest in the bankroll and share the profits
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November 08, 2022, 03:05:05 PM
 #100

Thanks yeah about the bonus cheaters i think we have to sacrifice that and offer low bonus so we can be always 100% a KYC free site
Try to avoid no deposit bonus even if the amount is a few dollar. You will end up discovering yourself losing a lot of money. Eventually these accounts are hundreds of bots from a few group of people.

Depends on the rules of the no deposit bonus, if he knows how to avoid cheater (multi accounts) then it will be fine to offer no deposit bonus.
Limiting the no deposit bonus for bitcointalk members only with more requirements (rank, merit, etc) can be one of the ways to avoid cheaters.
Promotion should be calculated and prepared wisely in order to lose a lot of money.

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