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Author Topic: There are many advantages to the relationship between gambling and Bitcoin.  (Read 706 times)
Ebede
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June 12, 2023, 10:43:18 PM
 #121

There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

everything you said about the advantages of gambling with bitcoin is true, but I think one thing you are missing is the fee fee. many sportsbook bitcoin gambling sites, withdrawing winnings no matter how much the fee is charged is still the same (although the bitcoin fee is still a little fluctuating)

I am very thankful that bitcoin appeared in this world and I will not use fiat anymore to gamble, I will only use bitcoin to gamble
when you say advantages of gambling I don't see any reasons that will make you to say that what you said about advantages of gambling in Bitcoin is true that does not have advantages because the disadvantages in gambling is higher than the advantages in gambling it depends on their own level of understanding that will make you to conclude that gambling have its advantages

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June 12, 2023, 11:34:50 PM
 #122

There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

everything you said about the advantages of gambling with bitcoin is true, but I think one thing you are missing is the fee fee. many sportsbook bitcoin gambling sites, withdrawing winnings no matter how much the fee is charged is still the same (although the bitcoin fee is still a little fluctuating)

I am very thankful that bitcoin appeared in this world and I will not use fiat anymore to gamble, I will only use bitcoin to gamble

But what if the bitcoin fee you are charged in withdrawing your own bitcoins cost a lot when converted to fiat? Would you still want to gamble with bitcoin? I would continue doing so if we can adjust the fees from the casino, or if they impose just the lowest fee possible to get the transaction confirmed in the next 5 blocks or so. Most of the crypto casinos existing nowadays impose fees that get your transaction confirmed in the next block, and if you don't really need that fast of a transaction, wouldn't it be best if the player can select how much fee are they paying?

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June 12, 2023, 11:47:34 PM
 #123

There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

everything you said about the advantages of gambling with bitcoin is true, but I think one thing you are missing is the fee fee. many sportsbook bitcoin gambling sites, withdrawing winnings no matter how much the fee is charged is still the same (although the bitcoin fee is still a little fluctuating)

I am very thankful that bitcoin appeared in this world and I will not use fiat anymore to gamble, I will only use bitcoin to gamble

But what if the bitcoin fee you are charged in withdrawing your own bitcoins cost a lot when converted to fiat? Would you still want to gamble with bitcoin? I would continue doing so if we can adjust the fees from the casino, or if they impose just the lowest fee possible to get the transaction confirmed in the next 5 blocks or so. Most of the crypto casinos existing nowadays impose fees that get your transaction confirmed in the next block, and if you don't really need that fast of a transaction, wouldn't it be best if the player can select how much fee are they paying?
Unlike the increasing transaction fee, gambling platforms have the same transaction fee on transactions. This is quite good, because the variation will be paid by the platform. Onchain transaction costs different fee, for same transaction same amount we'll pay different fees. When the gambling platform does this, the transaction done with the low fee gets compensated when there is additional fee required for another transaction.

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June 13, 2023, 05:28:41 AM
 #124

Casinos that accept bitcoin as a payment method are the best options for gamblers who have issues about fees deducted while paying gaming fees. Another useful feature for gamblers is the ability to send bitcoin in exchange for gambling selections to be activated. Bitcoin is literally utilized for gaming in crypto-related casinos, and the traffic to these casinos' websites has increased since they tend to harbor more gamblers who are also familiar with bitcoin, and it is one of the simplest and fastest growing casino advancements in the system.
As a gambler who always uses bitcoin or crypto when making bets, I am greatly helped by this convenience. We don't need to do complicated things like fiat deposits with various conditions and using bitcoin is one of the things that can make our privacy safe and also easy to make any transactions. I think this development is also very well followed by many gambling sites or online casinos because it can attract the interest of gamblers who were previously afraid because they have to protect their data.

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June 15, 2023, 05:10:01 PM
 #125

The use of Bitcoin for gambling has been greatly supported by Crypto Casino, and certainly, their promotions have been successful in luring more users, particularly gamblers. Their advertisements in different websites and social media platforms and even in sports events had a huge impact on Bitcoin's growth which has also increased the number of Bitcoin users.
However, Bitcoin has also been a good attraction to lots of gamblers who prefer using a well established coin and provide cheaper fee at the same time. These two actually work together and they also benefit gamblers who want to generate better profit and save transaction fees.
Without Bitcoin, I'm certain that many gamblers are still suffering from fees and distress, and many may still be falling for fraudulent currencies.
Casinos that accept bitcoin as a payment method are the best options for gamblers who have issues about fees deducted while paying gaming fees. Another useful feature for gamblers is the ability to send bitcoin in exchange for gambling selections to be activated. Bitcoin is literally utilized for gaming in crypto-related casinos, and the traffic to these casinos' websites has increased since they tend to harbor more gamblers who are also familiar with bitcoin, and it is one of the simplest and fastest growing casino advancements in the system.
It's not an option but it was the main choice. Options are the altcoins, just in case the Bitcoin network is experiencing some issues. deductions are normal before and after we play gambling. It's a kind of fee to the miners to process our transactions but there were some gambling sites who are abusive when it comes to withdrawal fees where they set it to a higher level.

We need to check it or ask questions first to their support before we start to play on them if we don't want to get disappointed or it would be better to use altcoins instead if their fees are still minimal. Bitcoin is a currency, no wonder why it's being used in an online casino. This is one of the ways to use our Bitcoins other than by simply holding it.
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June 15, 2023, 09:43:58 PM
 #126

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

One of the things is that provably fair gambling is ensured by using bitcoin gambling, this would ensure that users are provided with openness and fairness. Furthermore Bitcoin gambling offers substantially less signup and transaction friction than currency operators, which increases conversion rates for gambling operators. For gambling operators, they can save money and take fewer risks when using bitcoin gambling because transaction fees, chargebacks, and financial fraud are all eliminated.

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June 28, 2023, 05:01:12 AM
 #127

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?
I think this is one of the best advantages bitcoin sportbooks and casinos offer the customers compared to fiat casinos. Over the last few years we saw a huge rise in the crypto gambling industry, which came from the hype in the crypto community. With many crypto investors making huge profits in the 2021 bull market, there was a lot of capital to be spend at the casinos. This growth allows crypto companies to offer better promotions and advertising than other companies and we customers should always look for the best deal. Having the option to choose from a large number of casinos is the benefit of the internet. And as long as they have a good reputation and our money is save, there is no issue to switch to the sportbooks with the best promotion.
Without a doubt, this is the case, we have also seen that one of the reasons why this type of public has increased is since the pandemic, where many people Preferred to go to casinos to resolve their situation, others requested bank credit , other loans The question is that when a person feels desperate, they resort to this type of means, out of desperation or simply to get out of a difficult situation quickly, this boom increased in profits for casinos, that's why I think that every time a crypto casino offers advantages for bitcointalk users , something very correct and Accurate precedes me.

the pandemic indeed opened a lot of opportunities for the online casinos and bookies. once those regular gamblers discovered these online gambling sites, it is like there's no going back to traditional ones. though some are still going to land-based casinos for other personal reasons.
in this forum alone, we have discussed countless times about the pros and cons of online crypto casinos as compared to fiat-based/offline casinos. so we know very well why we are continuously using online casinos and more gamblers are going into this route. for me, the convenience is on top of the list why i use online casinos.

Yes, in fact, in fiat casinos things are much more radical, the kyc must be exactly as they say, if the document has holes, or wrinkles, they do not accept it, it makes them have to look for new documents or renew them, On the other hand, sometimes in crypto casinos things can be a little smoother, and I think they should be smoother because they should not request KYC, because if we go to the satoshi legacy from the moment bitcoin was created, it is to avoid the controls of governments, banks and everything that has to do with this type of organization, but even so they have managed to introduce KYC to the casino in an impressive way and even with many players who support this.

I will never support KYC, because in a possible attack against the casino, data can be leaked and it is not good, so the problems can start there.

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