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Author Topic: The Rise of Crypto Gambling: What You Need to Know  (Read 843 times)
nitrobetting (OP)
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July 19, 2023, 05:02:55 PM
 #1


The sports betting and gaming industries constantly evolve. The next evolution has been the advent of blockchain and cryptocurrency technologies. Bitcoin sportsbooks have become the newest thing in the industry. And for good reason. A crypto sportsbook provides advantages that traditional books can’t. If you’re new to crypto gambling, or require a refresher, keep reading to discover the top five things you must know about crypto sportsbooks.

What You Need to Know About Crypto Gambling

Bitcoin has become a store of value

For many, bitcoin remains something to be feared or disregarded. But that’s changing and it’s changing quickly.

It already has changed when it comes to the way the largest banks in the world view BTC. Goldman Sachs, JP Morgan Chase, and Morgan Stanley offer their clients bitcoin investment strategies.

Cryptocurrency investors see BTC as digital gold. Bitcoin is the base for their crypto investment strategies. The bottom line? Cryptocurrencies, and especially Bitcoin, isn’t going anywhere.

Your information is more secure

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

Crypto deposits and withdrawals happen much faster than in traditional sportsbooks or online gaming sites. The reason is due to cryptocurrencies’ peer-to-peer philosophy.

A middle entity, like Coinbase or Cash App facilitates the transfer of your BTC or other crypto to your sportsbook account. But those entities are just facilitators.

They aren’t involved the way your credit card company is involved. This speeds up the entire deposit and withdrawal process.

Read more→ https://n2g.io/3e8d2b4
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July 19, 2023, 05:30:52 PM
 #2

Crypto gambling or web 3.0 casinos are a new thing in gambling industry, in general. Indeed it is something which shows quite of an advancement in this industry but we, in this industry, have known such thing for years. It's biggest advantage over traditional gambling platforms is being safe from taxation given that withdrawals and deposits would be done through blockchain but other than that is exposing bigger risk. You are not only at risk for gambling but also with market price changes, therefore not all things are in a positive direction with web 3.0. Gas fees are sometimes high as well. With regards to privacy, KYC is also being implied to many crypto gambling site, so what's your take? Is it still a pro or not?

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July 19, 2023, 05:43:45 PM
 #3

I have a question for your consideration about crypto casinos and Sportsbooks:

When individuals engage in BTC casinos, they may encounter a message indicating that the games are not available in their country.

The solution to this issue is fairly straightforward. However, do casinos take this into consideration?

The reason I ask is because there are some Sportsbook or crypto casinos that have offered to advertise on my website. However, the majority of our readers have limited knowledge about this. They understand how to enable a VPN and how to send and receive BTC, but that's the extent of their knowledge, with exceptions on both ends of the spectrum. I am hesitant to advertise for casinos if it could potentially lead our readers into problematic situations.

Of course, it's impossible to completely eliminate the risk of "trouble". However, I hope my point is clear?

Thank you so much.
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July 19, 2023, 06:00:22 PM
 #4

Online cryptocurrency casinos have become the new revolution and their popularity has increased greatly since the covid 19 lockdown this is because cryptocurrency casinos offer a wide range of services that traditional casinos don't offer and for that one has to search for the one that offers both privacy and less KYC, web 3 casinos are new innovations in the i-gaming industry, the gaming industry is becoming more and more competitive and new developments are being introduced on constant bases.

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July 19, 2023, 06:12:53 PM
 #5

I have a question for your consideration about crypto casinos and Sportsbooks:

When individuals engage in BTC casinos, they may encounter a message indicating that the games are not available in their country.

The solution to this issue is fairly straightforward. However, do casinos take this into consideration?

The reason I ask is because there are some Sportsbook or crypto casinos that have offered to advertise on my website. However, the majority of our readers have limited knowledge about this. They understand how to enable a VPN and how to send and receive BTC, but that's the extent of their knowledge, with exceptions on both ends of the spectrum. I am hesitant to advertise for casinos if it could potentially lead our readers into problematic situations.

Of course, it's impossible to completely eliminate the risk of "trouble". However, I hope my point is clear?

Thank you so much.

Those are not in his article though. There are a lot more regular people has to know about crypto than gambling actually. It will be easier for them to shift to gambling when they already learn how to use wallets and understand blockchain. They can even wait til there will be new developments like the metaverse which can also make gambling a hell of an experience.

But I can't believe I opened that link. 5th is You gamble with mBTC, not BTC lol what does that mean?



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July 19, 2023, 06:28:55 PM
 #6


Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.


You should already know this is same characteristics you have with banks, fiat casinos and centralized crypto casinos. Fiat casinos may not request for your picture but centralized casinos among other things requested may further ask to see your face which in fact is very discouraging. So what point are you making with this? I'm sure your link could be about a casino running on KYC.

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July 19, 2023, 06:41:21 PM
 #7

There are a lot more regular people has to know about crypto than gambling actually. It will be easier for them to shift to gambling when they already learn how to use wallets and understand blockchain...

I think you are right. If someone wishes to take the best from crypto gambling he needs to know a lot of stuff about blockchain, several chains... and there are many wallets around. All that looks simple to us here, but some of my close friends don't understand anything when I start talking about mining casino tokens by playing with some coin other than BTC.

When individuals engage in BTC casinos, they may encounter a message indicating that the games are not available in their country.

I see that message in every crypto casino, Pragmatic is one of the providers I can't play in most crypto casinos... but there are a few where I can play it without VPN. I don't use VPN for a while, so I simply play games that are allowed for me... it's one of the reasons why I play in more than one casino.

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July 19, 2023, 06:44:08 PM
 #8

Op what you explained is like advertisement of a casino but you topic looks like a historical event of crypto gambling. Well cryptocurrency is a new invention in the world which inculcated to the casino space.
Sportbooks just accept cryptocurrencies recently into their systems. The process of depositing and withdrawal of cryptocurrency from gambling sites are always different from the normal Fiat Currencies. Because cryptocurrency uses blockchain while Fiat uses banks so they are of different categories.

But really I have not gotten your message in the thread.
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July 19, 2023, 07:23:30 PM
 #9

This same thing again? I already saw this like once in this forum already and I'm pretty sure this post either got sent off to a different board or it was deleted. I don't even get why you're doing this cause you're clearly advertising Nitrobetting which in our knowledge is a cryptocurrency gambling site yeah? And then instead of actually giving us the benefits and edge that your site has over other casinos you go here telling us about the history of cryptocurrency like you're some Ancient Aliens by History Channel spokesperson or something. Of course we already knew about this, of course we're aware of what crypto has gone through we're literally at the ground zero of it.

If you're really out here hoping to sell your product I suggest you let us know about it sincerely and genuinely. Don't give us stuff like this.

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July 19, 2023, 07:47:05 PM
 #10

What You Need to Know About Crypto Gambling
Asides the other points you have made about the things needed to be known, I know that it can become very addictive and a danger to someone who has made plans to keep the bitcoins they have until the value increases. Any newbie to crypto gambling has to be aware of this danger especially if they are already the type that lack self-control with regards to the regular gambling. If you know that it will affect your ability to keep your bitcoins, then of course it is not compulsory to begin gambling with crypto, you can continue with the normal money that you use.

R


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blockman
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July 19, 2023, 07:49:38 PM
 #11

It's more of a discussion about crypto entirely, not crypto gambling. While it is true that there are still people doubting crypto and doesn't consider it a real thing. And the impact added was greater when we came into a pandemic because everyone has got nothing to do especially during the days of lockdowns. People tend to find something entertaining and of value and while the others have treated gambling could be their temporary way of surviving through winning despite knowing the consequences that it's going to give.

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July 19, 2023, 08:04:28 PM
 #12

It's more of a discussion about crypto entirely, not crypto gambling. While it is true that there are still people doubting crypto and doesn't consider it a real thing. And the impact added was greater when we came into a pandemic because everyone has got nothing to do especially during the days of lockdowns. People tend to find something entertaining and of value and while the others have treated gambling could be their temporary way of surviving through winning despite knowing the consequences that it's going to give.

I believe that the subject is so open that it can be easily diverted, because everything reverberates towards what we know as fiat money, and obviously when we don't get to see , the things that can be done with cryptocurrencies are many and can be put on the table as many times as you want, if a person who has never handled crypto in their life and Knows it , plays in online casinos, it will seem like the holy grail , and that is what makes the world of betting interesting. s sports and gmabling , that is why it is so important to talk About crypto and the relationship that exists with casinos, it is always important to have everything clear when Playing and risking our money , whether in crypto or Fiat.

R


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July 19, 2023, 08:05:19 PM
 #13

Crypto gambling or web 3.0

Crypto gambling is huge but it seems to me web3.0 is just a solution looking for a problem which don't exist. We already have everything on the web and we can do everything. (gambling too is possible) So I don't understand how web3.0 will bring to the table something new.

But don't look at me, I didn't understand NFT's too. (tbh, I still don't see any point in them) To me, Web3.0 is just another buzzword which will help the devs to sell more shitcoins but we will see. Maybe this time it will be different.

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blockman
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July 19, 2023, 08:52:29 PM
 #14

It's more of a discussion about crypto entirely, not crypto gambling. While it is true that there are still people doubting crypto and doesn't consider it a real thing. And the impact added was greater when we came into a pandemic because everyone has got nothing to do especially during the days of lockdowns. People tend to find something entertaining and of value and while the others have treated gambling could be their temporary way of surviving through winning despite knowing the consequences that it's going to give.

I believe that the subject is so open that it can be easily diverted, because everything reverberates towards what we know as fiat money, and obviously when we don't get to see , the things that can be done with cryptocurrencies are many and can be put on the table as many times as you want, if a person who has never handled crypto in their life and Knows it , plays in online casinos, it will seem like the holy grail , and that is what makes the world of betting interesting. s sports and gmabling , that is why it is so important to talk About crypto and the relationship that exists with casinos, it is always important to have everything clear when Playing and risking our money , whether in crypto or Fiat.
And people that are aware of this existence do aware of the risks that both of it has. Other people that are not yet in these spaces think that's how what the entire crypto is, it's all about a gamble and that's why many don't want to invest. While they don't want to take a risk from doing so, whenever the profit comes out from the people who tried, that's the catch that they don't want to miss because all they want is to have the same but do not want to take a risk. While the crypto gambling is expanding and keeps on growing, it's already a big and recognizable industry that's being included in the entirety of the whole gambling industry.

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July 19, 2023, 08:59:06 PM
 #15

Crypto gambling or web 3.0

Crypto gambling is huge but it seems to me web3.0 is just a solution looking for a problem which don't exist. We already have everything on the web and we can do everything. (gambling too is possible) So I don't understand how web3.0 will bring to the table something new.

Probably same in function but different in the concept.
Crypto gambling is indeed growing though I have to disagree that it offers a faster deposit and withdrawal since some site have their own timeline for the withdrawal due to the fact of counter checking and its not a direct withdrawal from the explorer. If you want a faster transactions then read every details in ToS and know this one.
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July 19, 2023, 09:19:05 PM
 #16

Crypto gambling or web 3.0

Crypto gambling is huge but it seems to me web3.0 is just a solution looking for a problem which don't exist. We already have everything on the web and we can do everything. (gambling too is possible) So I don't understand how web3.0 will bring to the table something new.

Probably same in function but different in the concept.
Crypto gambling is indeed growing though I have to disagree that it offers a faster deposit and withdrawal since some site have their own timeline for the withdrawal due to the fact of counter checking and its not a direct withdrawal from the explorer. If you want a faster transactions then read every details in ToS and know this one.
A crypto site that offers faster withdraw are prefer by many but I agree, not all site have this.
Every site have their own Terms of service and a pros and cons, you should understand it and know if it can work with you. Crypto gambling site offers more flexibility compare to a fiat casino online and I prefer to gamble more using crypto, you just have to choose the best site available in the market.

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July 19, 2023, 09:27:46 PM
 #17


Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.


You should already know this is same characteristics you have with banks, fiat casinos and centralized crypto casinos. Fiat casinos may not request for your picture but centralized casinos among other things requested may further ask to see your face which in fact is very discouraging. So what point are you making with this? I'm sure your link could be about a casino running on KYC.
What you should ask op, is that have he or she have any evidence were such claims took place, if their is any place where such take place op should give us the link to read and know by ourselves than making a emphasis that is unrecognized, if that is so concerning the claims of op bankers and banks would have be a multi billionaire, they will be selling people or their customers data to make business and money, I think the point of op is unrecognized because their is no evidence to backup it's claims

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July 19, 2023, 09:52:13 PM
 #18

Crypto gambling or web 3.0

Crypto gambling is huge but it seems to me web3.0 is just a solution looking for a problem which don't exist. We already have everything on the web and we can do everything. (gambling too is possible) So I don't understand how web3.0 will bring to the table something new.

Probably same in function but different in the concept.
Crypto gambling is indeed growing though I have to disagree that it offers a faster deposit and withdrawal since some site have their own timeline for the withdrawal due to the fact of counter checking and its not a direct withdrawal from the explorer. If you want a faster transactions then read every details in ToS and know this one.
A crypto site that offers faster withdraw are prefer by many but I agree, not all site have this.
Every site have their own Terms of service and a pros and cons, you should understand it and know if it can work with you. Crypto gambling site offers more flexibility compare to a fiat casino online and I prefer to gamble more using crypto, you just have to choose the best site available in the market.
The main things on why crypto gambling is becoming more popular and more in demand because of these things;

1. Anonymity
2. Ease of deposit/withdrawal options
3. Lots of variety of games

Im not saying that Fiat casinos doesnt have these things but nothing beats out even with that instant withdrawal thing on which you cant really be able to
have on a fiat casino in most time specially if its really that withdrawn directly into your bank which it would be taking up some days.Unlike that we do have on crypto
that it would really be instant. The only cons i do see on this is on the time that the company or owner would be tending to ran their users funds
then there's no chance for it to be getting it back due to that anonymity thing which it is really that also one of the cons specially if the casino
isnt that regulated but well its a matter of personal choice in the end of the day.

R


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July 19, 2023, 10:12:12 PM
 #19

A crypto site that offers faster withdraw are prefer by many but I agree, not all site have this.
Every site have their own Terms of service and a pros and cons, you should understand it and know if it can work with you. Crypto gambling site offers more flexibility compare to a fiat casino online and I prefer to gamble more using crypto, you just have to choose the best site available in the market.
^That is exactly right, not all casinos can provide this feature.
Each gambling site has its own terms of service, along with its own set of advantages and disadvantages and the most important is to understand these terms and assess if they have in with your requirements. So before using them it is very important to read first the terms or the TOS so that you will understand it clearly from the start. Probably for me, by conducting due diligence, you can increase your chances of selecting a trustworthy platform that suits your needs.
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July 19, 2023, 11:06:30 PM
 #20

~
This is only crypto no? And besides gambling has always been a thing, even in the pandemic gamblers only kept going up instead of going down. While I do acknowledge that crypto gambling is something good, it's mostly because it uses crypto so really, its a discussion that should be about crypto and not gambling (since as I said, it's alway s been a thing).

Additionally, crypto sportsbooks/casinos also have issues with KYC since they basically almost do the same thing as any other traditional sportsbooks, especially in recent times. Even if crypto can be used as a method for (pseudo) anonymity, most casinos bypass that by asking for KYC itself at registration or at first withdrawal.

R


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July 19, 2023, 11:39:41 PM
Last edit: July 21, 2023, 10:43:03 AM by arwin100
 #21

Crypto gambling or web 3.0

Crypto gambling is huge but it seems to me web3.0 is just a solution looking for a problem which don't exist. We already have everything on the web and we can do everything. (gambling too is possible) So I don't understand how web3.0 will bring to the table something new.

Probably same in function but different in the concept.
Crypto gambling is indeed growing though I have to disagree that it offers a faster deposit and withdrawal since some site have their own timeline for the withdrawal due to the fact of counter checking and its not a direct withdrawal from the explorer. If you want a faster transactions then read every details in ToS and know this one.
A crypto site that offers faster withdraw are prefer by many but I agree, not all site have this.
Every site have their own Terms of service and a pros and cons, you should understand it and know if it can work with you. Crypto gambling site offers more flexibility compare to a fiat casino online and I prefer to gamble more using crypto, you just have to choose the best site available in the market.
The main things on why crypto gambling is becoming more popular and more in demand because of these things;

1. Anonymity
2. Ease of deposit/withdrawal options
3. Lots of variety of games

Im not saying that Fiat casinos doesnt have these things but nothing beats out even with that instant withdrawal thing on which you cant really be able to
have on a fiat casino in most time specially if its really that withdrawn directly into your bank which it would be taking up some days.Unlike that we do have on crypto
that it would really be instant. The only cons i do see on this is on the time that the company or owner would be tending to ran their users funds
then there's no chance for it to be getting it back due to that anonymity thing which it is really that also one of the cons specially if the casino
isnt that regulated but well its a matter of personal choice in the end of the day.

Anonymity is not the main case now since casinos are now requiring Kyc to their user so I guess this is not ideal anymore for people who want to be anonymous.

For ease deposit and withdrawal maybe there are some factors that user like this on crypto casino but sometimes there's issue of network congestion so I think this is also less concern with the users.

Physical casino also has a lot of games and I think what online casino have is also present om physical casino.

So what I really think the main concern of people regarding on crypto gambling is the accessibility since they can have fun wherever they go since online casino is present everywhere and they could just go online then play when they like to do it.

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July 19, 2023, 11:59:05 PM
 #22

I'm not quite sure about our information being more secure in crypto casinos. There's tons of leaks and data breaches happening daily, and some of them include crypto casino accounts, personal information, etc. I guess, what crypto gambling really brought forth to the table is its ease of access and overall ease of registration and getting KYC-accepted. Apart from that, I don't see anything that crucial which separates fiat online casinos from crypto casinos, at least at this point in time.

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July 19, 2023, 11:59:34 PM
 #23

For ease deposit and withdrawal maybe there are some factors that user like this on crypto casino but sometimes there's issue of network congestion so I think this is also less concern with the users.

I never faced any issue of network congestion. Deposits and withdrawals are never delayed on blockchain network congestion but it is more often delayed by the casino if they are processed manually.


So what I really think the main concern of people regarding on crypto gambling is the accessibility since they can have fun wherever they go since online casino is present everywhere and they could just go online then play when they like to do it.

The easy access has made online gambling very popular and at the same time, crypto has helped a lot in getting the ease of deposits/withdrawal in the casino. The use of credit cards is more expensive and risk is also involved as the site can keep your credit card information, but by using cryptocurrencies one can deposit in an online casino without any hassle.

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July 20, 2023, 03:30:15 AM
 #24

As regulations are becoming a matter of concern for cryptocurrency users, most sportsbooks and casino platforms require users to complete KYC verification which involves all the basic and personal details of a person including their full name, country of residence, city, address, phone number, etc. So technically, the anonymity is not an advantage of a cryptocurrency sportsbook anymore but they are just like traditional casinos now.

But, there are different options and features that make them better and different from traditional sportsbooks, just like transaction speeds and convenience of depositing and withdrawing, people used to wait for days with traditional sportsbooks for their transactions to get confirmed.

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July 20, 2023, 06:06:55 AM
 #25

I'm not quite sure about our information being more secure in crypto casinos. There's tons of leaks and data breaches happening daily, and some of them include crypto casino accounts, personal information, etc.
You have any proof about this? AFAIK I haven't see there's a data breach from crypto casino in this forum, the data breach mostly come from the centralized exchange and hardware wallet. I'm not saying crypto casino has better security among other projects, but I just never heard about it.

I never faced any issue of network congestion. Deposits and withdrawals are never delayed on blockchain network congestion but it is more often delayed by the casino if they are processed manually.
If he's use low priority, surely his transaction will delayed or might stuck in lambo for 2 weeks. But we have a solution to use other chain where the fee is cheap and fast due to low volume.

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July 20, 2023, 06:14:35 AM
 #26

Since the last pandemic, crypto casinos have gained so much popularity that they are better known by gamblers who usually play in physical casinos. Starting from there, people know that using crypto to gamble is safer than using fiat because they don't need to fill in various required data before starting to play gambling. At crypto casinos, they only need to register using their email and password, and start depositing the coins they want, in this case, bitcoins or altcoins, to start gambling.

But gradually, the popularity of crypto casinos caught the attention of regulators in crypto casinos, so they asked the casinos to perform KYC on the gamblers. Regulators want to know who is gambling in their country, especially those who use big money. And now, crypto casinos are trying to continue that by asking their users to do KYC. This is a new problem for crypto users who often gamble because they can no longer be free to play gambling. And even though the casino already allows users not to register but only to connect their wallet to the casino site, later on, casino users can be asked to do KYC.

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July 20, 2023, 07:00:12 AM
 #27

Since the last pandemic, crypto casinos have gained so much popularity that they are better known by gamblers who usually play in physical casinos. Starting from there, people know that using crypto to gamble is safer than using fiat because they don't need to fill in various required data before starting to play gambling. At crypto casinos, they only need to register using their email and password, and start depositing the coins they want, in this case, bitcoins or altcoins, to start gambling.

But gradually, the popularity of crypto casinos caught the attention of regulators in crypto casinos, so they asked the casinos to perform KYC on the gamblers. Regulators want to know who is gambling in their country, especially those who use big money. And now, crypto casinos are trying to continue that by asking their users to do KYC. This is a new problem for crypto users who often gamble because they can no longer be free to play gambling. And even though the casino already allows users not to register but only to connect their wallet to the casino site, later on, casino users can be asked to do KYC.

I think crypto based casinos are already popular even before the pandemic. It's that it was highlighted during that time as we don't have our land based casinos as obviously it is closed. They try to open their own version of online casinos though, but crypto based has taken the reign that time and it grows over the next 2 years as there are casinos popping up and then the competition.

So for the whole KYC and other mandated by regulators, its has been there since 2017, after the bull run. It's just that the pandemic really put the spotlight on us and so we have to comply.

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July 20, 2023, 07:31:22 AM
 #28

The things.... most casinos implement KYC verification at some time, so your pseudo-anonymity are short lived. Just look at Freebitco.in and their latest announcement that they now require verification of their accounts.  Roll Eyes  (This is one of the oldest Crypto casinos in the industry and they now bend the knee before the regulators)

Also.... most people use Crypto exchanges and these exchanges require full verification... so they destroy all pseudo-anonymity that you have with Crypto currencies.  Roll Eyes

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July 20, 2023, 07:54:42 AM
 #29

The things.... most casinos implement KYC verification at some time, so your pseudo-anonymity are short lived. Just look at Freebitco.in and their latest announcement that they now require verification of their accounts.  Roll Eyes  (This is one of the oldest Crypto casinos in the industry and they now bend the knee before the regulators)

Also.... most people use Crypto exchanges and these exchanges require full verification... so they destroy all pseudo-anonymity that you have with Crypto currencies.  Roll Eyes
All anonymous dealing will always be synonymous with money laundering and also fraudulent users, I also see that freebitcoin has this new rule that allows them to also want to avoid users trying to cheat them that's why I support that, don't care about being anonymous from our crypto currency, after all we are all aware that KYC verification is also necessary for something that actually prevents crime as well as abuse.

Anyone can avoid and stay anonymous but back again on the safety side it will be hard to get attention when we are anonymous and having problems then finally seeking public attention too to get help for our problems it even looks funny, we are not talking about anonymous but this is all for the sake of goodness of all by doing KYC verification. even if we don't like it let it be.

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July 20, 2023, 10:41:24 AM
 #30

The things.... most casinos implement KYC verification at some time, so your pseudo-anonymity are short lived. Just look at Freebitco.in and their latest announcement that they now require verification of their accounts.  Roll Eyes  (This is one of the oldest Crypto casinos in the industry and they now bend the knee before the regulators)

Also.... most people use Crypto exchanges and these exchanges require full verification... so they destroy all pseudo-anonymity that you have with Crypto currencies.  Roll Eyes

At first when they launch, they say kyc free to get traffic to their casino and many gamblers flood their casino to get registered with them and they make huge record of traffic flow coupled with huge revenue generation at then they hide their license and tell the masses that they are decentralized with all form of sincerity and truly they are but as time goes on when they have started gaining the desired reputation and everything perfectly working well as according to their plans, they start or update their policies from kyc free to compulsory kyc before withdrawal. This is how it goes and keep repeating itself with other new casinos. So no need for  pseudo-anonymity when ever you want to register with a casino or an exchange. Always have it in mind that even if the casino or exchange tells you to register without kyc, in the long run they would definitely tell you to do your kyc when they have fully reach their target. That is the current trend now I noticed.




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QueenVera
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July 20, 2023, 10:57:14 AM
 #31


The sports betting and gaming industries constantly evolve. The next evolution has been the advent of blockchain and cryptocurrency technologies. Bitcoin sportsbooks have become the newest thing in the industry. And for good reason. A crypto sportsbook provides advantages that traditional books can’t. If you’re new to crypto gambling, or require a refresher, keep reading to discover the top five things you must know about crypto sportsbooks.

What You Need to Know About Crypto Gambling

Bitcoin has become a store of value

For many, bitcoin remains something to be feared or disregarded. But that’s changing and it’s changing quickly.

It already has changed when it comes to the way the largest banks in the world view BTC. Goldman Sachs, JP Morgan Chase, and Morgan Stanley offer their clients bitcoin investment strategies.

Cryptocurrency investors see BTC as digital gold. Bitcoin is the base for their crypto investment strategies. The bottom line? Cryptocurrencies, and especially Bitcoin, isn’t going anywhere.

Your information is more secure

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

Crypto deposits and withdrawals happen much faster than in traditional sportsbooks or online gaming sites. The reason is due to cryptocurrencies’ peer-to-peer philosophy.

A middle entity, like Coinbase or Cash App facilitates the transfer of your BTC or other crypto to your sportsbook account. But those entities are just facilitators.

They aren’t involved the way your credit card company is involved. This speeds up the entire deposit and withdrawal process.

Read more→ https://n2g.io/3e8d2b4

Change they say is Constant and since the world is evolving rapidly everything in our world is adapting to it's change including the gambling sector as well, before gambling was done amongst individuals on the street where they wager their valuable items in predicting the winners of card or board games, then came the introduction of casinos and bet shop but currently technology have made it evolved into online casinos and sports betting where people can easily predict games from the comfort of their homes, with just a good device and an internet connection.
 And since money plays a role in gambling and cryptocurrency is the new evolution of money, it have been introduced into gambling as a means of making deposits and withdrawal option, thereby making it easy and faster to deposit and transfer funds into an online gambling  accounts, also the online crypto casino have been introduced as well where people make predictions with different cryptocurrencies of their choice, though it's not fully adopted by everyone but gradually, in the near future a good number of people would adapt to the use of online crypto casino's for gambling.

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July 20, 2023, 11:14:35 AM
 #32

The things.... most casinos implement KYC verification at some time, so your pseudo-anonymity are short lived. Just look at Freebitco.in and their latest announcement that they now require verification of their accounts.  Roll Eyes  (This is one of the oldest Crypto casinos in the industry and they now bend the knee before the regulators)

Also.... most people use Crypto exchanges and these exchanges require full verification... so they destroy all pseudo-anonymity that you have with Crypto currencies.  Roll Eyes
Always have it in mind that even if the casino or exchange tells you to register without kyc, in the long run they would definitely tell you to do your kyc when they have fully reach their target. That is the current trend now I noticed.
In every casino business it is certain that casino authorities want to know about their customers. However, there are many casino sites that do not require KYC from gamblers. But if any of those gamblers ever win a big amount or get a jackpot then the casino authority must ask for their KYC because there are some policies from the government against the big winnings so in some causes kyc of the gambler is needed. If Casino authority doesn't take the KYC from the gamblers then the authority has to bear the responsibility.

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July 20, 2023, 11:29:41 AM
 #33

It's the now and the future of gambling.
Cryptocurrencies + gambling either casino or sports betting is equal to having a gambler who would just need to sit tight in front of the computer and relax all day.
Security? It's given by using Bitcoin as the main currency to bet. I guess it's just on the gambling site's part if they are reputable enough to trust our money to deposit in it.
Today, it's still growing, I can see many online players in my favorite casino and sports bookie. Just yesterday when an error happened, it's like chaos in the chatbox with all the mad players wanting to play continuously and doesn't want to be interrupted. I think in more decade a great advancement will happen and Bitcoin will still be part of it.

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July 20, 2023, 12:27:10 PM
 #34

I think crypto based casinos are already popular even before the pandemic. It's that it was highlighted during that time as we don't have our land based casinos as obviously it is closed. They try to open their own version of online casinos though, but crypto based has taken the reign that time and it grows over the next 2 years as there are casinos popping up and then the competition.

So for the whole KYC and other mandated by regulators, its has been there since 2017, after the bull run. It's just that the pandemic really put the spotlight on us and so we have to comply.
It may be popular in some countries, especially for countries allowing citizens to use crypto. But for other countries, they haven't allowed it. And when the pandemic hit, when almost all countries implemented a lockdown for all their citizens, local gamblers who couldn't visit physical casinos looked for replacements through websites and social media. Finally, they saw a crypto casino site where it didn't take them long to understand how the process works.

After the 2017 bull run, the popularity of crypto casinos increased and peaked in the year the pandemic started to hit many countries. And that's what makes crypto casinos even more popular now.

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July 20, 2023, 02:52:04 PM
 #35

The things.... most casinos implement KYC verification at some time, so your pseudo-anonymity are short lived. Just look at Freebitco.in and their latest announcement that they now require verification of their accounts.  Roll Eyes  (This is one of the oldest Crypto casinos in the industry and they now bend the knee before the regulators)

Also.... most people use Crypto exchanges and these exchanges require full verification... so they destroy all pseudo-anonymity that you have with Crypto currencies.  Roll Eyes

At first when they launch, they say kyc free to get traffic to their casino and many gamblers flood their casino to get registered with them and they make huge record of traffic flow coupled with huge revenue generation at then they hide their license and tell the masses that they are decentralized with all form of sincerity and truly they are but as time goes on when they have started gaining the desired reputation and everything perfectly working well as according to their plans, they start or update their policies from kyc free to compulsory kyc before withdrawal. This is how it goes and keep repeating itself with other new casinos. So no need for  pseudo-anonymity when ever you want to register with a casino or an exchange. Always have it in mind that even if the casino or exchange tells you to register without kyc, in the long run they would definitely tell you to do your kyc when they have fully reach their target. That is the current trend now I noticed.


There are many ways casino had been gaining traffic to there casinos mostly especially when they are just new in the gambling industry. They will make different promises that there casinos are KYC free with big bonus for gamblers.

Sometimes when they keep gaining consistent profits from the customers which are the players and gamblers, there casinos' terms and conditions will be amended limiting some kind of benefits that gamblers would enjoy from using the casinos since they know that they have large numbers of customers using there service everyday making them more confident that if they alter any of there terms even with a little strictness, gamblers are still going to use there service and bet on there platform.

 This is a tricky strategy that many companies donuse to gain the heart of there customers establishing a bonus and simple medium that will make more people to use there product without bordering on later changes. If we keep using a casino that was giving us what we want and we don't get those benefits we use to get from the casino, we can easily leave it and look for a more better one that will suit our need and the kind of services or games we are looking for with ease.









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July 20, 2023, 03:21:17 PM
 #36

I'm not quite sure about our information being more secure in crypto casinos. There's tons of leaks and data breaches happening daily, and some of them include crypto casino accounts, personal information, etc. I guess, what crypto gambling really brought forth to the table is its ease of access and overall ease of registration and getting KYC-accepted. Apart from that, I don't see anything that crucial which separates fiat online casinos from crypto casinos, at least at this point in time.

     -   I only gamble once in a while, I only gamble about thrice a month, but even so, I haven't faced any problem with gambling during the times that I have time to gamble.

Even when withdrawing what I won from the casino in the withdrawal transaction, I didn't have any problems, maybe the longest time I waited was around 10hrs but it still arrived at the wallet destination I put.

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July 20, 2023, 04:12:32 PM
 #37

I'm not quite sure about our information being more secure in crypto casinos. There's tons of leaks and data breaches happening daily, and some of them include crypto casino accounts, personal information, etc. I guess, what crypto gambling really brought forth to the table is its ease of access and overall ease of registration and getting KYC-accepted. Apart from that, I don't see anything that crucial which separates fiat online casinos from crypto casinos, at least at this point in time.

     -   I only gamble once in a while, I only gamble about thrice a month, but even so, I haven't faced any problem with gambling during the times that I have time to gamble.

Even when withdrawing what I won from the casino in the withdrawal transaction, I didn't have any problems, maybe the longest time I waited was around 10hrs but it still arrived at the wallet destination I put.

I think it's good if you are able to control yourself playing at the time you specify and have a little time to gamble, unlike others where people who are not controlled always play gambling spending money and time looking for victory especially playing at crypto casinos, I also do the same thing where I control myself to gamble when I want, so I know when to gamble and when to stop.

So far, reputable and large crypto casinos always provide withdrawal and even deposit processing services automatically and quickly, although occasionally you will find manual withdrawals usually take time to prevent fraud and money laundering so it is necessary to check user withdrawals. usually takes a few hours as you said

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July 21, 2023, 06:41:41 AM
 #38

In terms of privacy and information sharing, with the current development we are right now where majorly every online crypto gambling casinos are beginning to make kyc verification mandatory, i would say that traditional and online crypto casinos are almost the same thing, since through the kyc, they can now own customers details like address, phone number, document identification numbers, picture and so on, and the bad eggs amongst this casinos might also decide to sell this information to third parties if they so wish.

The one major advantage of online crypto casinos that will forever remain most significant is in the area of deposit and withdrawals, crypto deposits and withdrawals to and from online gambling casinos will always be faster than that of traditional casinos.

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July 21, 2023, 07:46:29 AM
 #39

In terms of privacy and information sharing, with the current development we are right now where majorly every online crypto gambling casinos are beginning to make kyc verification mandatory, i would say that traditional and online crypto casinos are almost the same thing, since through the kyc, they can now own customers details like address, phone number, document identification numbers, picture and so on, and the bad eggs amongst this casinos might also decide to sell this information to third parties if they so wish.

The one major advantage of online crypto casinos that will forever remain most significant is in the area of deposit and withdrawals, crypto deposits and withdrawals to and from online gambling casinos will always be faster than that of traditional casinos.
All of this is done for the sake of maintaining the security of the casino and also the gamblers themselves so that when a problem occurs the casino can solve it faster and better.
In the future, believe that all gambling industries will definitely implement KYC for all their customers and for now there are already several casinos that have implemented KYC even though they previously stated that they operate non-KYC.
If we are still unsure and afraid it is better to use a casino that really has a good reputation and is trusted to avoid unwanted actions such as leaking our data information or selling data on the black market.

In addition to the advantages of faster deposits and withdrawals, in crypto casinos we can also be calm when we win big because no one else will know about it.

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July 21, 2023, 01:03:40 PM
 #40

In terms of privacy and information sharing, with the current development we are right now where majorly every online crypto gambling casinos are beginning to make kyc verification mandatory, i would say that traditional and online crypto casinos are almost the same thing, since through the kyc, they can now own customers details like address, phone number, document identification numbers, picture and so on, and the bad eggs amongst this casinos might also decide to sell this information to third parties if they so wish.

The one major advantage of online crypto casinos that will forever remain most significant is in the area of deposit and withdrawals, crypto deposits and withdrawals to and from online gambling casinos will always be faster than that of traditional casinos.
It is no different today, and this is a limitation that crypto gamblers have to accept in playing gambling in crypto casinos. Crypto gamblers have now begun to be asked to do KYC by many casinos, although some still have not implemented it strictly. Hopefully, the documents submitted by the members can be properly guarded by these casinos and not hacked by hackers.

Another advantage is that we can play gambling at any casino without anyone knowing, especially if we don't tell our gambling activities to other people.
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July 21, 2023, 01:35:51 PM
 #41

Your information is more secure
There's less information required when opening an account on crypto sportsbooks but that doesn't mean our information is more secure than traditional sportsbooks. Nowadays, more crypto sportsbooks can now require some form of KYC. They're slowly moving to the same side of the traditional sportsbooks as they update their terms and conditions.

In addition to the advantages of faster deposits and withdrawals, in crypto casinos we can also be calm when we win big because no one else will know about it.
Not always, because some casinos will try to post some of the big wins that appear on the high-roller betting feed.

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July 21, 2023, 01:47:12 PM
 #42


~Snipped


We currently don't have a lot of gambling outfits that don't have centralized components. For instance, most gambling firms in crypto today are no different from traditional gambling outfits other than the fact that they have support for crypto. The same procedures with traditional gambling companies apply when you might be asked to provide KYC data from time to time or your winnings can be forfeited in cases where they don't deem it fit for you to get those winners. Yes, Bitcoin is the next big thing and you can benefit from it without being a gambling so that's a benefit that isn't unique to gambling.

I envision a future in crypto gambling where members / users of the platform would have a say on core functions rather than relinquishing all powers to the owners from the moment the compete their registration.

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July 21, 2023, 01:57:56 PM
 #43

Ever since the introduction of cryptocurrency, gambling platforms have also switched their operations requirements with making crypto deposit for gambling stake by creating users with online gambling wallet after their registration, they could hold this volatile cryptocurrencies in those accounts and use their fund to gamble anytime they so wish, in so doing this, their coins remains an asset being on the wallet because it can increase whenever the crypto market rises, gamblers now prefer cryptocurrency gambling whereby some developers have also invented their own crypto coin their platform could support among others, in which this has made gambling more easier than before to enjoy.



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July 21, 2023, 02:22:21 PM
 #44

Ever since the introduction of cryptocurrency, gambling platforms have also switched their operations requirements with making crypto deposit for gambling stake by creating users with online gambling wallet after their registration, they could hold this volatile cryptocurrencies in those accounts and use their fund to gamble anytime they so wish, in so doing this, their coins remains an asset being on the wallet because it can increase whenever the crypto market rises, gamblers now prefer cryptocurrency gambling whereby some developers have also invented their own crypto coin their platform could support among others, in which this has made gambling more easier than before to enjoy.
Yes, you are right, crypto gambling is easier now, especially during the Covid pandemic in 2020 where online gambling traffic was in great demand, including casinos that support crypto because it is easier for people to use crypto for gambling transactions compared to using bank accounts, let alone land-based casinos, online casinos. Those who use crypto are in great demand today because they make it easy for their users to gamble.

Maybe previously crypto casinos weren't too attractive when covid casinos that used crypto rose again because the gambling platform would be very easy to use at that time just using a mobile browser without having to use a laptop or PC, since then until now I enjoy gambling more because only gambling allows me to have fun onlinel.

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July 21, 2023, 02:27:59 PM
 #45

Ever since the introduction of cryptocurrency, gambling platforms have also switched their operations requirements with making crypto deposit for gambling stake by creating users with online gambling wallet after their registration, they could hold this volatile cryptocurrencies in those accounts and use their fund to gamble anytime they so wish, in so doing this, their coins remains an asset being on the wallet because it can increase whenever the crypto market rises, gamblers now prefer cryptocurrency gambling whereby some developers have also invented their own crypto coin their platform could support among others, in which this has made gambling more easier than before to enjoy.

It's two fold, it can either go down or go up, bear and bull market, and so it's not always favor crypto based casino. But for us gamblers, it's very easily early on, we just need a wallet address for deposit and withdrawal and that's it.

Not there are KYC's to be send just to be able to withdraw. So it become so complicated for us. But I guess we love crypto based casinos that we still go and continue to play with top tier casino and enjoy whether the price goes down or we have a bull run.

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July 21, 2023, 02:40:22 PM
 #46

In terms of privacy and information sharing, with the current development we are right now where majorly every online crypto gambling casinos are beginning to make kyc verification mandatory, i would say that traditional and online crypto casinos are almost the same thing, since through the kyc, they can now own customers details like address, phone number, document identification numbers, picture and so on, and the bad eggs amongst this casinos might also decide to sell this information to third parties if they so wish.

The one major advantage of online crypto casinos that will forever remain most significant is in the area of deposit and withdrawals, crypto deposits and withdrawals to and from online gambling casinos will always be faster than that of traditional casinos.
It is no different today, and this is a limitation that crypto gamblers have to accept in playing gambling in crypto casinos. Crypto gamblers have now begun to be asked to do KYC by many casinos, although some still have not implemented it strictly. Hopefully, the documents submitted by the members can be properly guarded by these casinos and not hacked by hackers.

Another advantage is that we can play gambling at any casino without anyone knowing, especially if we don't tell our gambling activities to other people.

     -     Then I can just add mate, most gamblers in the crypto space seem to have gotten used to submitting kyc to a casino because of the money they can win on the platform. just in case they get lucky in gambling.

Maybe there are only a few who are not in favor of KYC or they didn't read the toss about this matter right away so that's why. but anyway, I hope that our documents that we pass to the crypto casinos we trust are in good condition.

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July 21, 2023, 04:15:24 PM
 #47

I think publicity has outgrown after the covid situation only. I am not pointing anything related to covid here but before that period most of the casinos were not having sports betting section. Only the popular one had this section. There was sudden rise in the sports betting section on every other casino website. Not only this, it was mandatory for the casinos to add it on their site because it’s now new competition. That makes sense for the obvious reason as they would end up losing lot of users if they don’t add it. Moreover, having two different sections of betting gives user excellent user experience. I think they should add by default all the time.
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July 21, 2023, 07:03:50 PM
 #48

I'm not quite sure about our information being more secure in crypto casinos. There's tons of leaks and data breaches happening daily, and some of them include crypto casino accounts, personal information, etc. I guess, what crypto gambling really brought forth to the table is its ease of access and overall ease of registration and getting KYC-accepted. Apart from that, I don't see anything that crucial which separates fiat online casinos from crypto casinos, at least at this point in time.
If a casino ask a KYC then it wasn't hassle free anymore. This can also make our experience worrisome because like you said earlier, what if a data leak happens? But it's not a big deal if our wallet address and username is going to get leaked because they can't do much about it especially if we are using a new wallet address from time to time.

The real thing that crypto gambling brought to the table is anonymity but it is slowly being ruined by the regulations. Another thing that separates the fiat from crypto casinos are the games and providers available. One can be found in the other but the other can't be. There are only imitations but nothing still beats the original.

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komisariatku
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July 21, 2023, 07:11:56 PM
 #49

I honestly don't know what you really mean. Maybe you promote your gambling site? I think you should provide a better explanation about crypro casino so it's more interesting and maybe someone is interested in clicking on the link you provided

But little I understand from your question. Maybe you just explained about the advantages of crypto casinos in terms of kyc. Yes, we love crypto gambling sites that don't require kyc, and crypto casinos make it easier when they accept crypto deposit and withdrawal systems. However, not all gambling sites that use the crypto system do not require kyc, some still require kyc.

But if deposit using bitcoin, I don't really like it. Bitcoin takes a lot of time for network confirmation. I prefer using tron ​​because the deposit process can be done instantly and the transaction fee is also cheap

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July 21, 2023, 09:42:22 PM
Merited by Fivestar4everMVP (1)
 #50

In terms of privacy and information sharing, with the current development, we are right now where majorly every online crypto gambling casino are beginning to make KYC verification mandatory, I would say that traditional and online crypto casinos are almost the same thing, since through the KYC, they can now own customers details like address, phone number, document identification numbers, picture and so on, and the bad eggs amongst this casinos might also decide to sell this information to third parties if they so wish.

The one major advantage of online crypto casinos that will forever remain most significant is in the area of deposit and withdrawals, crypto deposits and withdrawals to and from online gambling casinos will always be faster than that of traditional casinos.
Yes, you are right in everything that you have said in the comment because with the AML policy of licensing it has become hard to separate online cryptocurrency casinos from the traditional casinos that we have around because privacy is now gone from crypto casinos and also a lot of problems and demands that we're not available with online casinos are now becoming a mandatory procedure to operates an account with them.

At this point,  we find it hard to truly draw a line between traditional casinos and cryptocurrency online casinos,  because centralized casinos are becoming the most prominent and mandating players to follow the traditional procedures even the deposits and withdrawal.
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July 21, 2023, 10:00:06 PM
 #51

I honestly don't know what you really mean. Maybe you promote your gambling site? I think you should provide a better explanation about crypro casino so it's more interesting and maybe someone is interested in clicking on the link you provided

But little I understand from your question. Maybe you just explained about the advantages of crypto casinos in terms of kyc. Yes, we love crypto gambling sites that don't require kyc, and crypto casinos make it easier when they accept crypto deposit and withdrawal systems. However, not all gambling sites that use the crypto system do not require kyc, some still require kyc.

But if deposit using bitcoin, I don't really like it. Bitcoin takes a lot of time for network confirmation. I prefer using tron ​​because the deposit process can be done instantly and the transaction fee is also cheap
The non kyc feature in most casino now is starting to clear up and these crypto casino now seem to adding new TOS to their service stipulating and mandating the use of KYC and this is very bad because most gambler are attracted to these major casino just because of the non kyc function they provide. Non kyc casino are very good and also reliable.

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Hamphser
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July 21, 2023, 10:21:21 PM
 #52

I honestly don't know what you really mean. Maybe you promote your gambling site? I think you should provide a better explanation about crypro casino so it's more interesting and maybe someone is interested in clicking on the link you provided

But little I understand from your question. Maybe you just explained about the advantages of crypto casinos in terms of kyc. Yes, we love crypto gambling sites that don't require kyc, and crypto casinos make it easier when they accept crypto deposit and withdrawal systems. However, not all gambling sites that use the crypto system do not require kyc, some still require kyc.

But if deposit using bitcoin, I don't really like it. Bitcoin takes a lot of time for network confirmation. I prefer using tron ​​because the deposit process can be done instantly and the transaction fee is also cheap
The non kyc feature in most casino now is starting to clear up and these crypto casino now seem to adding new TOS to their service stipulating and mandating the use of KYC and this is very bad because most gambler are attracted to these major casino just because of the non kyc function they provide. Non kyc casino are very good and also reliable.

Sooner or later everything would really be regulated on which there would really be those inevitable change when it comes to KYC on which its not really that something on having like this.We know that regulation

comes even more stricter and on something like this on which we do know that it do really have that engaging with huge money involved then it would be normal that they would really be making involvement.
They cant really just let it slip when it comes on imposing regulations and other laws which these businesses wont really be having no choice but to comply on whats been asked if they do really want for their business to continue.We know that gambling itself is a profitable industry and we've been into those traditional ones and now that crypto had flourished out then we do have that crypto gambling space
on which it did become even more rampant considering that every gambler does have their identity hidden or simply being anonymous and due to the fact that we do really give out that kind of
importance then it do really give out that significant recognition.

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Fivestar4everMVP
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July 21, 2023, 10:27:20 PM
 #53

I honestly don't know what you really mean. Maybe you promote your gambling site? I think you should provide a better explanation about crypro casino so it's more interesting and maybe someone is interested in clicking on the link you provided

But little I understand from your question. Maybe you just explained about the advantages of crypto casinos in terms of kyc. Yes, we love crypto gambling sites that don't require kyc, and crypto casinos make it easier when they accept crypto deposit and withdrawal systems. However, not all gambling sites that use the crypto system do not require kyc, some still require kyc.

But if deposit using bitcoin, I don't really like it. Bitcoin takes a lot of time for network confirmation. I prefer using tron ​​because the deposit process can be done instantly and the transaction fee is also cheap
The non kyc feature in most casino now is starting to clear up and these crypto casino now seem to adding new TOS to their service stipulating and mandating the use of KYC and this is very bad because most gambler are attracted to these major casino just because of the non kyc function they provide. Non kyc casino are very good and also reliable.

I am interested to learn how you came to the conclusion that non kyc casinos are good and reliable, and by this, are you now saying that casinos that have made kyc verification mandatory are no longer good and reliable?

Well, all I have to say is that, we or you don't have to come to such a conclusion in such a hurry, how about first trying to find out reason behind why this casinos that used to be non kyc are now turning their tables and are becoming kyc compliant, trust me, if you own a casino, maybe you will understand that casino that are not non kyc will be very limited in their operations, any attempt to expand without being complaint to the laws of the jurisdictions they are expanding to, will only bring down the wrath of the law on them.

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July 21, 2023, 10:57:48 PM
 #54

Ever since the introduction of cryptocurrency, gambling platforms have also switched their operations requirements with making crypto deposit for gambling stake by creating users with online gambling wallet after their registration, they could hold this volatile cryptocurrencies in those accounts and use their fund to gamble anytime they so wish, in so doing this, their coins remains an asset being on the wallet because it can increase whenever the crypto market rises, gamblers now prefer cryptocurrency gambling whereby some developers have also invented their crypto coin their platform could support among others, in which this has made gambling more easier than before to enjoy.
I agree with you because the gambling industry is one of the biggest cryptocurrency adopters and its players have constantly engaged in carrying out transactions in cryptocurrencies which has given them the freedom to make faster transactions without haven't to go through the third-party system that is opposed by the traditional financial systems and coupled with the 2019 covid lock down that have made many gamblers to adopt online casinos that offers cryptocurrency features.

And the coming of the web3 metaverse that has gaming i-gaming experience to transform in a whole new way with contemporary development and advancement aided by blockchain technologies.
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July 22, 2023, 01:05:14 AM
 #55

They understand how to enable a VPN and how to send and receive BTC, but that's the extent of their knowledge,
In this case, you don't have to burden it on the casino you have endorsed. You have to give additional knowledge to your site on FAQ, or TOC because Casino only offers the games, so for other technical matters you have to explain on your site in detail how to play using BTC. This matter often occurs, and always blame it on the casino, where in fact you brought them, on this matter, you have to responsibility to teach your audience before ready to enter the casino you have endorsed.

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July 22, 2023, 08:41:25 AM
 #56

~snip~
     -     Then I can just add mate, most gamblers in the crypto space seem to have gotten used to submitting kyc to a casino because of the money they can win on the platform. just in case they get lucky in gambling.

Maybe there are only a few who are not in favor of KYC or they didn't read the toss about this matter right away so that's why. but anyway, I hope that our documents that we pass to the crypto casinos we trust are in good condition.
They know that sending KYC to the casino won't give them any problems withdrawing the money, and they can see the process will be fast. And the casino also won't ask for various things that can delay the withdrawal process because the casino also has to check the account. And by doing KYC, their account can be verified properly, and the casino won't have a problem if they want to withdraw large winnings because there is no suspicion whatsoever about their account.

But it's true that we have to be able to choose a trusted casino if we want to do KYC so that the casino can properly guard the data we provide. We also don't want to see our data later misused by shady casinos.
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July 22, 2023, 09:16:34 AM
 #57

They understand how to enable a VPN and how to send and receive BTC, but that's the extent of their knowledge,
In this case, you don't have to burden it on the casino you have endorsed. You have to give additional knowledge to your site on FAQ, or TOC because Casino only offers the games, so for other technical matters you have to explain on your site in detail how to play using BTC. This matter often occurs, and always blame it on the casino, where in fact you brought them, on this matter, you have to responsibility to teach your audience before ready to enter the casino you have endorsed.
Yes, that's right. Most people who have sites like that, for example reviews for gambling, sometimes they just want money from sponsors but don't want to pay attention to their audience, let alone take advantage of money from audience traffic, obviously that is something wrong to straighten out, therefore it is the site owner's job to teach his audience to understand something that is prohibited in casinos as well as how to prevent it.

It's not only limited to understanding how to play gambling, making deposits and then withdrawing money, because even small children can do that easily, things that they think can be problematic should be explained to the audience so they don't have problems in the future. because it is important to give a good lead to the audience.

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July 22, 2023, 09:37:53 AM
 #58

Ever since the introduction of cryptocurrency, gambling platforms have also switched their operations requirements with making crypto deposit for gambling stake by creating users with online gambling wallet after their registration, they could hold this volatile cryptocurrencies in those accounts and use their fund to gamble anytime they so wish, in so doing this, their coins remains an asset being on the wallet because it can increase whenever the crypto market rises, gamblers now prefer cryptocurrency gambling whereby some developers have also invented their crypto coin their platform could support among others, in which this has made gambling more easier than before to enjoy.
I agree with you because the gambling industry is one of the biggest cryptocurrency adopters and its players have constantly engaged in carrying out transactions in cryptocurrencies which has given them the freedom to make faster transactions without haven't to go through the third-party system that is opposed by the traditional financial systems and coupled with the 2019 covid lock down that have made many gamblers to adopt online casinos that offers cryptocurrency features.

And the coming of the web3 metaverse that has gaming i-gaming experience to transform in a whole new way with contemporary development and advancement aided by blockchain technologies.
Gambling industry is that one industry that has adopted cryptocurrency without reserves.
Also cryptocurrency has helped to advance the gambling industry.
This made it possible for people in different country to be able to gamble in casinos that are in other countries that do not share the same currency. Cryptocurrency is universal and it's important is seeing in the gambling companies even with little fees anyone can be able to gamble with any type of cryptocurrency and withdraw their money at ease, in the comfort of their home.
No wonder many people see cryptocurrency to be a brother to gambling because it looks almost alike and work together

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letteredhub
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July 22, 2023, 10:23:17 AM
 #59

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.
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July 22, 2023, 12:40:28 PM
Merited by Quidat (1)
 #60

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

R


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July 22, 2023, 04:22:45 PM
 #61

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

We might doubt KYC's and we might also feel that our privacy and anonymity is being affected, we could still see the role of KYCs in our security. We will also benefit from it in the future so we better comply with it since most casinos are now requiring it. The pandemic has made a lot of gamblers switch from traditional casinos into online casinos which made them also choose it over physical casinos because of the convenience that they could experience on it.
Most gamblers prioritizes convenience especially to those who have huge priorities and jobs. It is an advantage that we could now gambler anywhere and anytime because of the development of our technology. However, there are casinos who aren't providing the services that we want which is unsatisfying so it is still necessary that we'll always look for trusted and reliable casinos especially if we want oour gambling journey to succeed in the long run.
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July 22, 2023, 05:24:40 PM
 #62

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.
The anonimity is now a feature on casinos. It's hard to find a good casino that don't ask KYC or any documentation just to use their service. New casinos are flexing that they won't collect KYC from their potential customer knowing that the market is saturated with KYC casino and there are gamblers who want to play on a casino that don't require submitting KYC. In short, they are targetting users who don't want to submit KYC on casinos.

Of course, there are difference between online and physical casino and I believe that a gambler are the only one who can judge whether it's better to play on a physical casino or an online casino since we all have different scenarios in life and have a different casino environments.
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July 22, 2023, 06:00:58 PM
 #63

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

I think that the KYC feature is the system that online gambling platforms must ask for compliance with their respective state laws.

Remember that before you visit a physical casino, guards would often ask for your IDs and other verifications before you could enter and enjoy the establishment. This concept is also the same in online gambling- these websites ask for KYC in order for them to verify your identity and to secure at least a security on both on your part in the event you breach their TOS.

Though this may be the case, I just hope that the KYC documents will not be too restrictive to the point that it completely disheartens the player in submitting the require documents due to the number of required documents to be passed.

R


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July 22, 2023, 06:14:08 PM
 #64

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions.

We are still left with options concerning privacy since the gambling platforms we used can be changed and we have to right to make use of a casino that has no kyc requirements for their gambling experience, this are what we should first know about a gambling platform before using the them to know what they support and don't, compare them to how we can be able to adapt with them, because we need our privacy as well.

But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

We cannot compare the two, everything has its own advantages and disadvantages, same also are the gamblers, we all have our individual preference when it comes to taste in choosing a gambling platform, some will vividly tells you they enjoyed the crypto online gambling than the physical one and so on, different ideas and different opinions and take on them both.
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July 22, 2023, 11:15:57 PM
 #65

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

I think that the KYC feature is the system that online gambling platforms must ask for compliance with their respective state laws.

Remember that before you visit a physical casino, guards would often ask for your IDs and other verifications before you could enter and enjoy the establishment. This concept is also the same in online gambling- these websites ask for KYC in order for them to verify your identity and to secure at least a security on both on your part in the event you breach their TOS.

Though this may be the case, I just hope that the KYC documents will not be too restrictive to the point that it completely disheartens the player in submitting the require documents due to the number of required documents to be passed.
Smartypants, KYC makes perfect sense. Its online "no ID, no entry." Though irritating, its part of the game.

I understand. Who wouldnt want simpler times? But keep the evil guys out and let the fun people in. Even though it makes us roll our eyes, it's part of the deal.

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July 23, 2023, 08:36:09 AM
 #66

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.
When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.
With regulations on the rise, privacy and anonymity are totally out of the question since no casino that is centralized is allowed to operate without a license and when they acquire a license, they are compelled to comply with the AML and KYC rules which is why they impose a lot of restrictions and verifications on their users even if the users don't like them, they have to complete them, otherwise, they won't be able to access some of the main features of the platform such as withdrawals.

But, if we talk about user experience, I believe it depends on the nature of a person whether he/she would like an online casino or a physical casino more. A person who is lively and likes to talk and share experiences with others would definitely prefer a physical casino for the thrill, but someone who likes to do it alone with more convenience and easy steps, they would go for online casinos.

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July 23, 2023, 09:17:07 AM
 #67

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.
When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.
With regulations on the rise, privacy and anonymity are totally out of the question since no casino that is centralized is allowed to operate without a license and when they acquire a license, they are compelled to comply with the AML and KYC rules which is why they impose a lot of restrictions and verifications on their users even if the users don't like them, they have to complete them, otherwise, they won't be able to access some of the main features of the platform such as withdrawals.

But, if we talk about user experience, I believe it depends on the nature of a person whether he/she would like an online casino or a physical casino more. A person who is lively and likes to talk and share experiences with others would definitely prefer a physical casino for the thrill, but someone who likes to do it alone with more convenience and easy steps, they would go for online casinos.

I would like to add here that we may find some casinos that may have relaxed rules and they also do not have the gambling license but they are operating. It is better to avoid gambling at those unknown new sites because it is very likely that they are short lived sites and can run away with their gambling business anytime.

KYC is mandatory in most of the casinos because it is also one of the requirements of the regulators and the casino who have obtained the licenses have to abide by the rules.

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July 23, 2023, 11:02:56 AM
 #68

...

Gambling on a VPN won't flag you by these casinos by itself. If they get KYC'd they may be required to submit verification documents that match the country they were VPN'ed to.
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July 23, 2023, 11:23:50 AM
 #69

...

Gambling on a VPN won't flag you by these casinos by itself. If they get KYC'd they may be required to submit verification documents that match the country they were VPN'ed to.
Yes, that's what's worrying is that when a casino asks to complete KYC according to the country it uses on a VPN it will be very annoying, like it or not, you should be honest with the casino that we are using a VPN and it's also a good idea to tell their CS whether using a VPN is safe or not and give reasons why you are using a VPN so that problems don't occur in the future.

Casinos always make things that are uncomplicated very complicated when they find gamblers wanting to withdraw big money let alone get big wins, usually small casinos often make unreasonable requirements and make it even more complicated so that gamblers cannot withdraw their money from the casino then spend the money or account will be frozen.

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July 23, 2023, 11:32:54 AM
 #70

...

Gambling on a VPN won't flag you by these casinos by itself. If they get KYC'd they may be required to submit verification documents that match the country they were VPN'ed to.
If i go by what i understand you meant, i would simply answer by asking a simple question, and that question would be "what exactly do you mean?".

majority of every online casinos that exist have it straight up on their terms of service that the use of VPN is prohibited, and many of this casinos have software's installed that monitor every users activity, this softwares can detect when a customer is on VPN and when he or she is not, with this, the casino have the ability to immediately know when a customer is using a VPN, they can either ban the account of flag it for KYC, and the problems all begins when the user is not able to provide a document that matches the location the used in the VPN .

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July 23, 2023, 12:20:12 PM
 #71

...

Gambling on a VPN won't flag you by these casinos by itself. If they get KYC'd they may be required to submit verification documents that match the country they were VPN'ed to.
Yes, that's what's worrying is that when a casino asks to complete KYC according to the country it uses on a VPN it will be very annoying, like it or not, you should be honest with the casino that we are using a VPN and it's also a good idea to tell their CS whether using a VPN is safe or not and give reasons why you are using a VPN so that problems don't occur in the future.

Casinos always make things that are uncomplicated very complicated when they find gamblers wanting to withdraw big money let alone get big wins, usually small casinos often make unreasonable requirements and make it even more complicated so that gamblers cannot withdraw their money from the casino then spend the money or account will be frozen.

I have personally never had to use a VPN to access gambling services, fortunately. Though, if I had to advise someone in a position where they need to do so, it would be better first to look for alternatives that actually can carter people from one's country and without using a VPN.

In the case of those alternatives are lackluster or not available, there would be no option but try a VPN, keeping in mind one needs to check the Terms of Service each time their are updated, to avoid getting uncomfortable surprises in the future and in the case one want to withdraw some wins. In any case, VPN being is only option is something I would only expect out of very authoritarian countries and societies.

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July 23, 2023, 01:09:54 PM
 #72

...

Gambling on a VPN won't flag you by these casinos by itself. If they get KYC'd they may be required to submit verification documents that match the country they were VPN'ed to.
If i go by what i understand you meant, i would simply answer by asking a simple question, and that question would be "what exactly do you mean?".

majority of every online casinos that exist have it straight up on their terms of service that the use of VPN is prohibited, and many of this casinos have software's installed that monitor every users activity, this softwares can detect when a customer is on VPN and when he or she is not, with this, the casino have the ability to immediately know when a customer is using a VPN, they can either ban the account of flag it for KYC, and the problems all begins when the user is not able to provide a document that matches the location the used in the VPN .

The casinos that allow you to access their website with a VPN and play when it is contrary to their TOS will either KYC you if you win big enough, or withhold your winnings if you attempt to withdraw for TOS violations. When I say they won't flag you immediately, I'm referring to casinos that allow you to play while connected to a VPN service.

Some casinos don't care if you use a VPN to bypass geo restrictions because they want the business. But if you win something big enough, they will certainly use it against you.

My recommendation is to not bypass geo restrictions.
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July 23, 2023, 02:29:45 PM
 #73

...

Gambling on a VPN won't flag you by these casinos by itself. If they get KYC'd they may be required to submit verification documents that match the country they were VPN'ed to.
If i go by what i understand you meant, i would simply answer by asking a simple question, and that question would be "what exactly do you mean?".

majority of every online casinos that exist have it straight up on their terms of service that the use of VPN is prohibited, and many of this casinos have software's installed that monitor every users activity, this softwares can detect when a customer is on VPN and when he or she is not, with this, the casino have the ability to immediately know when a customer is using a VPN, they can either ban the account of flag it for KYC, and the problems all begins when the user is not able to provide a document that matches the location the used in the VPN .

The casinos that allow you to access their website with a VPN and play when it is contrary to their TOS will either KYC you if you win big enough, or withhold your winnings if you attempt to withdraw for TOS violations. When I say they won't flag you immediately, I'm referring to casinos that allow you to play while connected to a VPN service.

Some casinos don't care if you use a VPN to bypass geo restrictions because they want the business. But if you win something big enough, they will certainly use it against you.

My recommendation is to not bypass geo restrictions.
It's better not to use a VPN than later can make suspicion the casino so that the casino asks you to do KYC. Especially if the regulations say you can't use a VPN, so if a user is caught using a VPN, they will impose a penalty on that user.

But if they still want to use a VPN because their ISP doesn't allow them to connect to the casino, they can first ask the support service at the casino and explain that they are forced to use a VPN to play gambling at the casino. The casino will understand, and if one day they ask or ask us to do KYC, they can see our chat history with the previous support service personnel. Perhaps, the casino will still allow us to use a VPN, especially if our gambling account is not suspected of doing activities contrary to casino regulations.
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July 23, 2023, 02:41:40 PM
 #74

...

Gambling on a VPN won't flag you by these casinos by itself. If they get KYC'd they may be required to submit verification documents that match the country they were VPN'ed to.
If i go by what i understand you meant, i would simply answer by asking a simple question, and that question would be "what exactly do you mean?".

majority of every online casinos that exist have it straight up on their terms of service that the use of VPN is prohibited, and many of this casinos have software's installed that monitor every users activity, this softwares can detect when a customer is on VPN and when he or she is not, with this, the casino have the ability to immediately know when a customer is using a VPN, they can either ban the account of flag it for KYC, and the problems all begins when the user is not able to provide a document that matches the location the used in the VPN .

The casinos that allow you to access their website with a VPN and play when it is contrary to their TOS will either KYC you if you win big enough, or withhold your winnings if you attempt to withdraw for TOS violations. When I say they won't flag you immediately, I'm referring to casinos that allow you to play while connected to a VPN service.

Some casinos don't care if you use a VPN to bypass geo restrictions because they want the business. But if you win something big enough, they will certainly use it against you.

My recommendation is to not bypass geo restrictions.

That's very true, and I believe that not only some but most of the casinos do that because they want more users on the platforms and that's why they allow VPN based connections. However, if a user who is connected via a VPN becomes somewhat lucky and tends to win most of the bets worth a lot of money then in that case the casinos will ask for KYC information which is already a part of their TOS. They don't ask for KYC for a certain winning limit, but if a user wins a lot more than that limit then the casinos will ask for KYC.

The gambler won't be able to get KYC'ed because he/she has been using another country's IP address and in order to get KYC verified that user has to provide ID proofs and other documents that belong to that country, and unfortunately such user won't be able to provide those details because he/she isn't a citizen of that country, but has been using the IP address of that country to hide his/her true location.

I also recommend everyone to use their own IP to create and use accounts on a casino so that there won't be any KYC issues at all for that user. I also recommend you to avoid using any VPN connection at all if someone is very serious about gambling because hiding your real IP address can cause huge troubles for you when it comes to withdraw the money that you have won.

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July 23, 2023, 03:20:09 PM
 #75

Online cryptocurrency casinos have become the new revolution and their popularity has increased greatly since the covid 19 lockdown this is because cryptocurrency casinos offer a wide range of services that traditional casinos don't offer and for that one has to search for the one that offers both privacy and less KYC, web 3 casinos are new innovations in the i-gaming industry, the gaming industry is becoming more and more competitive and new developments are being introduced on constant bases.

Yes, a lot! The sudden spike is all because of the upgrades in gaming industries and the increased likeness of the games that are played online. Peeps are diving into virtual reality like never before. I think we should also thank the high-end devices that are now a reality for most of us and it's easy out reach is unmatched by the bitcoin era. I am not saying crypto has got anything to do with it but with the rise in online gambling, streaming realities, money making opportunities everything has changed now.

Most of the influencers and streamers are now playing their games live only so that they can get the views, and get paid with the streaming platforms on which they are streaming live. The ad revenue share has gotten up too.

I think, this will even go further with the Gambling and whole new realm of investment lyes ahead of us.
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July 23, 2023, 07:34:32 PM
 #76


snip


All the arguments are quite accurate and true, I, according to my personal observation, compile such a list of the advantages of casinos that are created on the basis of blockchain:

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

2) A special way of entering and withdrawing money: no open movements of transactions on accounts and cards. By transferring money through cryptocurrencies, you are anonymous. Transactions go fast and without stupid confirmations, because of which you may be asked to turn your head every time or provide documents for the 100th time.

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July 23, 2023, 08:37:44 PM
 #77

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.

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July 23, 2023, 09:19:56 PM
 #78

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.
I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.

He doesn't understand himself either... I am pretty sure about that. There's something about provably fair games (in-house games that can be verified by the third party), but winning probabilities for slots and some live games depend on the provider, and their RTP is usually visible, but we can't verify our bets. I guess he mixed up those two... somehow, some way.

2) A special way of entering and withdrawing money: no open movements of transactions on accounts and cards. By transferring money through cryptocurrencies, you are anonymous. Transactions go fast and without stupid confirmations, because of which you may be asked to turn your head every time or provide documents for the 100th time.

This is something most of us from here understand... but for people outside crypto all this looks like a "spaceship"! After so many years in crypto, I still make mistakes here and there, especially when I am trying out different possibilities, and in crypto, we sure have a lot of them. If we talk about crypto in general, including all coins, tokens, and chains. Wallets are a different story, but very important as well...

The headline is simple "The Rise of Crypto Gambling: What You Need to Know"! The first thing is definitely setting up a wallet, but only one wallet will not do much if you wish to experiment with "all the possibilities in the crypto gambling space". And people should really be careful with using "the right chains and addresses"! You can't believe how many people make those simple mistakes, and for newbies all that can be really confusing!

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July 23, 2023, 11:38:43 PM
 #79

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.


maybe he is referring to decentralised casinos where you can already see the transaction hash of those winners. i think what he meant by non-blockchain is being a centralised one, which actually are using blockchain networks like bitcoin, eth, bsc, matic and others. so he should clarify about this open and close here.  Tongue
non blockchain will be fiat-based without other cryptocurrencies as their payment method. and the open blockchain are those web 3 casinos.

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July 24, 2023, 01:04:07 AM
Last edit: July 24, 2023, 01:22:56 AM by summonerrk
 #80

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.


maybe he is referring to decentralised casinos where you can already see the transaction hash of those winners. i think what he meant by non-blockchain is being a centralised one, which actually are using blockchain networks like bitcoin, eth, bsc, matic and others. so he should clarify about this open and close here.  Tongue
non blockchain will be fiat-based without other cryptocurrencies as their payment method. and the open blockchain are those web 3 casinos.

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.


1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.
I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.

He doesn't understand himself either... I am pretty sure about that. There's something about provably fair games (in-house games that can be verified by the third party), but winning probabilities for slots and some live games depend on the provider, and their RTP is usually visible, but we can't verify our bets. I guess he mixed up those two... somehow, some way.

What kind of toxic attacks on me are you doing here?

We will consider what I meant by the example of a cryptocasino TrueFlip: This casino is presented on our forum, if you so want to see an existing example.
Phrases from how the project positions itself:

TrueFlip uses blockchain technology to verify its lottery and guarantees the absence of any interference from developers or any other entity.  

The system automatically converts each payment into bitcoin and transfers the funds to the lottery prize fund. The prize fund of the platform is transparent and always open for viewing due to blockchain technology and is 60% of the ticket price. (For more information on the distribution of ticket revenue, see In the "Business model" section).  

TrueFlip offers a transparent business model for TFL token holders. Every ticket sold, winnings, withdrawals, bonuses and operating expenses will be open to each TFL token holder and recorded on the blockchain, so it will not change.


Yes, I may have described something inaccurately in previous post, but this is not a reason to write to me in such a way as you did.

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July 24, 2023, 07:35:05 AM
Last edit: July 24, 2023, 10:33:33 AM by iv4n
 #81

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

What kind of toxic attacks on me are you doing here?

We will consider what I meant by the example of a cryptocasino TrueFlip: This casino is presented on our forum, if you so want to see an existing example.
Phrases from how the project positions itself:

TrueFlip uses blockchain technology to verify its lottery and guarantees the absence of any interference from developers or any other entity.  
...


Yes, I may have described something inaccurately in previous post, but this is not a reason to write to me in such a way as you did.

Nobody attacks you... and there's nothing toxic here. Don't be so sensitive.

Having one or more provably fair games don't make a casino open and transparent. There are in-house roulette, slots, but the most popular live games and slots are third-party.

Quote
Provably fair technology employs several steps to generate verifiable and unbiased game outcomes.

Many people don't like in-house games because of the house edge, in the long run, the math says they are all -ev.

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ultrloa
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July 24, 2023, 11:15:31 AM
 #82

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

We might doubt KYC's and we might also feel that our privacy and anonymity is being affected, we could still see the role of KYCs in our security. We will also benefit from it in the future so we better comply with it since most casinos are now requiring it. The pandemic has made a lot of gamblers switch from traditional casinos into online casinos which made them also choose it over physical casinos because of the convenience that they could experience on it.
Most gamblers prioritizes convenience especially to those who have huge priorities and jobs. It is an advantage that we could now gambler anywhere and anytime because of the development of our technology. However, there are casinos who aren't providing the services that we want which is unsatisfying so it is still necessary that we'll always look for trusted and reliable casinos especially if we want oour gambling journey to succeed in the long run.
We can't take out the worries about our personal identity but for the current regulation and other implementation of government we need to comply if we want to continue to use the service of certain platforms. That's why the leadt we can do now is to choose the reputable among those platform so that we can lessen our worries and eliminate the fear of getting compromise since for sure they also protect our identity. I may not aiming to succeed on my gambling journey but what I want for now is to enjoy all the games I play.

R


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July 24, 2023, 06:27:01 PM
 #83

With regulations on the rise, privacy and anonymity are totally out of the question since no casino that is centralized is allowed to operate without a license and when they acquire a license, they are compelled to comply with the AML and KYC rules which is why they impose a lot of restrictions and verifications on their users even if the users don't like them, they have to complete them, otherwise, they won't be able to access some of the main features of the platform such as withdrawals.

I think this is an attack on cryptocurency related casino because I don't see them requesting the traditional casinos to verify gamblers KYC before they can play. The government are doing this intentionally to discourage people from using cryptocurency related casinos.

The government knows that many gamblers now prefer cryptocurency casino since they're fast for depositing and processing withdrawal and there's no network issues for the crypto gambling casinos. These regulations are targetted at taking privacy away from crypto casino.

Crypto related casino has come a long way, they're among the best casino  and in the market and has lots of gamblers using their casino. They're bringing in more people into the cryptocurency industry as gamblers get to know about cryptocurency and do their research.

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July 24, 2023, 08:37:33 PM
 #84

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

We might doubt KYC's and we might also feel that our privacy and anonymity is being affected, we could still see the role of KYCs in our security. We will also benefit from it in the future so we better comply with it since most casinos are now requiring it. The pandemic has made a lot of gamblers switch from traditional casinos into online casinos which made them also choose it over physical casinos because of the convenience that they could experience on it.
Most gamblers prioritizes convenience especially to those who have huge priorities and jobs. It is an advantage that we could now gambler anywhere and anytime because of the development of our technology. However, there are casinos who aren't providing the services that we want which is unsatisfying so it is still necessary that we'll always look for trusted and reliable casinos especially if we want oour gambling journey to succeed in the long run.
We can't take out the worries about our personal identity but for the current regulation and other implementation of government we need to comply if we want to continue to use the service of certain platforms. That's why the leadt we can do now is to choose the reputable among those platform so that we can lessen our worries and eliminate the fear of getting compromise since for sure they also protect our identity. I may not aiming to succeed on my gambling journey but what I want for now is to enjoy all the games I play.
As much as possible it would really be just that wise on making yourself engaging into a certain platform on which it would really be totally not requiring any KYC in the first time you would be playing.Even though
they would really be having those terms on asking out some possible KYC if they have seen or observe something which its still not really that strict when it comes to that.Unless if it would be asking out some
verification on the time that we would be tending to play then for sure it would be a no go for everybody on having this kind of set up.

Due to lots of options that we do have in the market then it wont really be that shocking that they would really be just simply jumping off to one another and as long they cant
able to find a certain platform on which they would really be that confident on playing into then they wont surely stop. Its true that we do have tons of options
on which we could able to choose from.

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July 24, 2023, 09:01:35 PM
 #85

What kind of toxic attacks on me are you doing here?
~

What the hell are you talking about? My reply was neither toxic, nor did I attack you. I simply asked you if you could give some examples, since you said, "There are plenty of crypto casinos that operate on an open blockchain," which I believe is not true. Stop being so overdramatic!

~
Yes, I may have described something inaccurately in previous post, but this is not a reason to write to me in such a way as you did.

My sincerest apologies, Your Majesty!  Roll Eyes

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July 24, 2023, 11:14:10 PM
 #86

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing  the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

We might doubt KYC's and we might also feel that our privacy and anonymity is being affected, we could still see the role of KYCs in our security. We will also benefit from it in the future so we better comply with it since most casinos are now requiring it. The pandemic has made a lot of gamblers switch from traditional casinos into online casinos which made them also choose it over physical casinos because of the convenience that they could experience on it.
Most gamblers prioritizes convenience especially to those who have huge priorities and jobs. It is an advantage that we could now gambler anywhere and anytime because of the development of our technology. However, there are casinos who aren't providing the services that we want which is unsatisfying so it is still necessary that we'll always look for trusted and reliable casinos especially if we want oour gambling journey to succeed in the long run.
We can't take out the worries about our personal identity but for the current regulation and other implementation of government we need to comply if we want to continue to use the service of certain platforms. That's why the leadt we can do now is to choose the reputable among those platform so that we can lessen our worries and eliminate the fear of getting compromise since for sure they also protect our identity. I may not aiming to succeed on my gambling journey but what I want for now is to enjoy all the games I play.
Stick with known and reputable platforms on which it would really be that good if you are really trying out to avoid some headaches or doubt when it comes to that KYC thing or something correlated.
Gambling industry is becoming that much bigger as the years passing by on which it isnt really just that limited on traditional fiat offline and online casinos but now we do already have that crypto online gambling
which it do also generates huge revenue and having that significant numbers in terms of platforms existing and the profits that they are making.

It wont really be that a shocking thing that these platforms would really be going into that legal side of things on which they would really be regulated and would really be that abiding on government rules and
conditions on which it wont really be that new if they would really be going in line with it and would be passing up those requirements into their users which it would really be
leading up having no choice but to comply if ever we had been asked out.

R


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ethereumhunter
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July 25, 2023, 03:29:33 AM
 #87

Stick with known and reputable platforms on which it would really be that good if you are really trying out to avoid some headaches or doubt when it comes to that KYC thing or something correlated.
Gambling industry is becoming that much bigger as the years passing by on which it isnt really just that limited on traditional fiat offline and online casinos but now we do already have that crypto online gambling
which it do also generates huge revenue and having that significant numbers in terms of platforms existing and the profits that they are making.

It wont really be that a shocking thing that these platforms would really be going into that legal side of things on which they would really be regulated and would really be that abiding on government rules and
conditions on which it wont really be that new if they would really be going in line with it and would be passing up those requirements into their users which it would really be
leading up having no choice but to comply if ever we had been asked out.
If people want to play gambling in peace, they really have to be able to choose a trusted casino and even though the casino asks you to do KYC, you don't need to worry because the casino is trusted. For now, the gambling business has become bigger and is developing rapidly, especially for crypto casinos, which have gained popularity since the pandemic yesterday. People who cannot leave their homes are starting to use online casinos, both fiat and crypto but many gamblers are also switching to crypto casinos.

And this KYC problem seems to be starting to change for crypto casinos because several casinos have already started implementing KYC for their members, especially those who win a lot of money or make big money deposits. Crypto casinos have also started to be careful about all the illegal activities that may occur in their casinos so they implement rather strict KYC.

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July 25, 2023, 06:14:24 AM
 #88

If people want to play gambling in peace, they really have to be able to choose a trusted casino and even though the casino asks you to do KYC, you don't need to worry because the casino is trusted. For now, the gambling business has become bigger and is developing rapidly, especially for crypto casinos, which have gained popularity since the pandemic yesterday. People who cannot leave their homes are starting to use online casinos, both fiat and crypto but many gamblers are also switching to crypto casinos.

And this KYC problem seems to be starting to change for crypto casinos because several casinos have already started implementing KYC for their members, especially those who win a lot of money or make big money deposits. Crypto casinos have also started to be careful about all the illegal activities that may occur in their casinos so they implement rather strict KYC.
Yes, you are right, after all, there are lots of trusted casino recommendations on this forum, of course, from the community, they also always provide recommendations. Beginners should be able to ask about trusted casinos on this forum, because as experienced gamblers, of course, we will also recommend the best ones, so people don't need to worry about KYC because there are several reasons casinos ask for KYC and some don't.

Many people misunderstand about that, sometimes little gamblers are afraid of KYC so they go choose small casino sites and scammers so they lose money, after all what KYC means is for example giving out our identity when the system detects illegal deposits or activities, big wins or big deposits maybe the casino will ask users to complete KYC, besides that everything is safe even I have never been asked to complete KYC because I am a little gambler. withdraw hundreds of dollars without KYC as long as you play honestly at a big and trusted casino.

..Stake.com..   ▄████████████████████████████████████▄
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July 25, 2023, 11:25:17 AM
 #89

If people want to play gambling in peace, they really have to be able to choose a trusted casino and even though the casino asks you to do KYC, you don't need to worry because the casino is trusted. For now, the gambling business has become bigger and is developing rapidly, especially for crypto casinos, which have gained popularity since the pandemic yesterday. People who cannot leave their homes are starting to use online casinos, both fiat and crypto but many gamblers are also switching to crypto casinos.

And this KYC problem seems to be starting to change for crypto casinos because several casinos have already started implementing KYC for their members, especially those who win a lot of money or make big money deposits. Crypto casinos have also started to be careful about all the illegal activities that may occur in their casinos so they implement rather strict KYC.
Yes, you are right, after all, there are lots of trusted casino recommendations on this forum, of course, from the community, they also always provide recommendations. Beginners should be able to ask about trusted casinos on this forum, because as experienced gamblers, of course, we will also recommend the best ones, so people don't need to worry about KYC because there are several reasons casinos ask for KYC and some don't.

Many people misunderstand about that, sometimes little gamblers are afraid of KYC so they go choose small casino sites and scammers so they lose money, after all what KYC means is for example giving out our identity when the system detects illegal deposits or activities, big wins or big deposits maybe the casino will ask users to complete KYC, besides that everything is safe even I have never been asked to complete KYC because I am a little gambler. withdraw hundreds of dollars without KYC as long as you play honestly at a big and trusted casino.
I admire your trust in the casinos suggested by the community. But that doesnt mean you shouldnt do your homework before working with them anyway. Consider the casino's operational transparency, licensing, and history of managing customer complaints in addition to its position in online forums while making your decision.

That some people don't fully grasp KYC is a valid point. But I feel compelled to add that sniffing out wrongdoing is only part of the story. It's a rule that needs to be followed so that crimes like identity theft and financial fraud don't happen. It has nothing to do with how large or small a gambler you are and is instead a measure taken to maintain trustworthiness and openness in the online gambling system.

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ethereumhunter
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July 26, 2023, 05:51:10 AM
 #90

Yes, you are right, after all, there are lots of trusted casino recommendations on this forum, of course, from the community, they also always provide recommendations. Beginners should be able to ask about trusted casinos on this forum, because as experienced gamblers, of course, we will also recommend the best ones, so people don't need to worry about KYC because there are several reasons casinos ask for KYC and some don't.

Many people misunderstand about that, sometimes little gamblers are afraid of KYC so they go choose small casino sites and scammers so they lose money, after all what KYC means is for example giving out our identity when the system detects illegal deposits or activities, big wins or big deposits maybe the casino will ask users to complete KYC, besides that everything is safe even I have never been asked to complete KYC because I am a little gambler. withdraw hundreds of dollars without KYC as long as you play honestly at a big and trusted casino.
But unfortunately, many beginners still choose the wrong casino so they are trapped in a scam casino and instead lose their money so that when they win, they will not be able to withdraw the money. And for casinos that ask them to do KYC, they always have to choose the casino so that they don't have to worry about bad things that might arise when they submit the documents.

And when they ask for advice from members on this forum who have years of experience in gambling, they will not choose the wrong casino and will not play gambling in casinos that require members to do KYC. And with the current development of the gambling industry, they have to be really careful in choosing a casino because many new casinos have been launched. Only a few can become trusted casinos.

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July 26, 2023, 06:02:48 AM
 #91

Yes, you are right, after all, there are lots of trusted casino recommendations on this forum, of course, from the community, they also always provide recommendations. Beginners should be able to ask about trusted casinos on this forum, because as experienced gamblers, of course, we will also recommend the best ones, so people don't need to worry about KYC because there are several reasons casinos ask for KYC and some don't.

Many people misunderstand about that, sometimes little gamblers are afraid of KYC so they go choose small casino sites and scammers so they lose money, after all what KYC means is for example giving out our identity when the system detects illegal deposits or activities, big wins or big deposits maybe the casino will ask users to complete KYC, besides that everything is safe even I have never been asked to complete KYC because I am a little gambler. withdraw hundreds of dollars without KYC as long as you play honestly at a big and trusted casino.
But unfortunately, many beginners still choose the wrong casino so they are trapped in a scam casino and instead lose their money so that when they win, they will not be able to withdraw the money. And for casinos that ask them to do KYC, they always have to choose the casino so that they don't have to worry about bad things that might arise when they submit the documents.

And when they ask for advice from members on this forum who have years of experience in gambling, they will not choose the wrong casino and will not play gambling in casinos that require members to do KYC. And with the current development of the gambling industry, they have to be really careful in choosing a casino because many new casinos have been launched. Only a few can become trusted casinos.
With the current development in the gambling casinos, where even freebitco, one of the longest running bitcoin casino that have never required customers to pass kyc verification, if a casino as this can now turn to include in their terms that there is a possibility that they may ask their customer for kyc verification, that should tell you that there is a regulatory pressure on casinos right now, and casinos that are still not requiring kyc from customers either will just vanish with customers funds in the future after they have collected enough, or like every other casinos, they will still turn around to request kyc from their customers.


I think we have arrived a point where gamblers shouldnt be running from kyc anymore.

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delfastTions
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July 26, 2023, 08:26:12 AM
 #92

Yes, you are right, after all, there are lots of trusted casino recommendations on this forum, of course, from the community, they also always provide recommendations. Beginners should be able to ask about trusted casinos on this forum, because as experienced gamblers, of course, we will also recommend the best ones, so people don't need to worry about KYC because there are several reasons casinos ask for KYC and some don't.

Many people misunderstand about that, sometimes little gamblers are afraid of KYC so they go choose small casino sites and scammers so they lose money, after all what KYC means is for example giving out our identity when the system detects illegal deposits or activities, big wins or big deposits maybe the casino will ask users to complete KYC, besides that everything is safe even I have never been asked to complete KYC because I am a little gambler. withdraw hundreds of dollars without KYC as long as you play honestly at a big and trusted casino.
But unfortunately, many beginners still choose the wrong casino so they are trapped in a scam casino and instead lose their money so that when they win, they will not be able to withdraw the money. And for casinos that ask them to do KYC, they always have to choose the casino so that they don't have to worry about bad things that might arise when they submit the documents.

And when they ask for advice from members on this forum who have years of experience in gambling, they will not choose the wrong casino and will not play gambling in casinos that require members to do KYC. And with the current development of the gambling industry, they have to be really careful in choosing a casino because many new casinos have been launched. Only a few can become trusted casinos.
With the current development in the gambling casinos, where even freebitco, one of the longest running bitcoin casino that have never required customers to pass kyc verification, if a casino as this can now turn to include in their terms that there is a possibility that they may ask their customer for kyc verification, that should tell you that there is a regulatory pressure on casinos right now, and casinos that are still not requiring kyc from customers either will just vanish with customers funds in the future after they have collected enough, or like every other casinos, they will still turn around to request kyc from their customers.


I think we have arrived a point where gamblers shouldnt be running from kyc anymore.
Indeed, verification by the KYC procedure is increasingly penetrating into the field of casinos and gambling using cryptocurrencies.
Of course, this fundamentally violates the very principle of anonymity of payments in cryptocurrencies. 
On the other hand, the KYC procedure itself is gradually becoming obsolete because other verification methods are being used more and more.  Even in the field of cryptocurrencies, new technology startups focused on personal identification are emerging.  Identification of a person is possible both with the clarification of a specific name, surname and address, as well as simple identification by fingerprints and the iris of the eyes.  In the second case, it would be quite possible to use it in a casino, where all players would like to remain at least partially anonymous and not disclose their specific first and last names. 
But at the same time, the casino would know for sure that the player is the person who originally registered with the casino.  It seems to me that for the future of the entire cryptocurrency gambling industry, this would be a good solution to the problem of KYC and the ability for the player to remain anonymous.  Because it is important for many players for various reasons.

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tusandii
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July 26, 2023, 11:12:00 AM
 #93

-snip-
But unfortunately, many beginners still choose the wrong casino so they are trapped in a scam casino and instead lose their money so that when they win, they will not be able to withdraw the money. And for casinos that ask them to do KYC, they always have to choose the casino so that they don't have to worry about bad things that might arise when they submit the documents.

And when they ask for advice from members on this forum who have years of experience in gambling, they will not choose the wrong casino and will not play gambling in casinos that require members to do KYC. And with the current development of the gambling industry, they have to be really careful in choosing a casino because many new casinos have been launched. Only a few can become trusted casinos.
Most beginners are reluctant to ask questions and find out which casinos have a good reputation and high trust, so they are easily tempted by the promotions offered by some shady casinos.
With this forum in the gambling section, there are already lots of threads that have topics about trusted casinos with good reputations, making it easier for beginners to understand which casinos can be relied upon or should be avoided.

There are already many casinos that have established KYC, so we only have to choose which one is the most trusted and can maintain the security of our personal documents.
After all, I'm sure that every big casino has their own way of keeping their customers' data secure.

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Aanuoluwatofunmi
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July 26, 2023, 11:23:39 AM
 #94

If people want to play gambling in peace, they really have to be able to choose a trusted casino and even though the casino asks you to do KYC, you don't need to worry because the casino is trusted. For now, the gambling business has become bigger and is developing rapidly, especially for crypto casinos, which have gained popularity since the pandemic yesterday. People who cannot leave their homes are starting to use online casinos, both fiat and crypto but many gamblers are also switching to crypto casinos.

I think lately do people get to identify that we can actually gambles without going through kyc when we make a decision to choose the gambling platform that requires no use of kyc, it's unbelievable that some don't even know, but the good about this is that you can search through whatever thing you want and get them as long as you can give it that search needed, what we don't seek after we may not find and same does happen in gambling too, there are platforms that gives zero tolerance on KYC only if we could give out the demands for searching through one.

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July 26, 2023, 01:08:01 PM
 #95

I admire your trust in the casinos suggested by the community. But that doesnt mean you shouldnt do your homework before working with them anyway. Consider the casino's operational transparency, licensing, and history of managing customer complaints in addition to its position in online forums while making your decision.

That some people don't fully grasp KYC is a valid point. But I feel compelled to add that sniffing out wrongdoing is only part of the story. It's a rule that needs to be followed so that crimes like identity theft and financial fraud don't happen. It has nothing to do with how large or small a gambler you are and is instead a measure taken to maintain trustworthiness and openness in the online gambling system.
The people that are not easily willing to complete KYC verification at casinos when demanded are going to have nowhere to go for their gambling activities in the near future because there will be strict regulations then, and someone who doesn't complete their verification on time would simply not be allowed to use a platform, gambling is a very far thing, so people need to start getting used to this system because it is most likely here to stay.

While most of us believe that a casino that operates under a license tends to be more safe and secure for us and our assets, this small group of people think that a casino that has a license and asks for KYC verification is going against their privacy, like they are the only ones being asked for it.

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July 26, 2023, 01:52:28 PM
 #96

I admire your trust in the casinos suggested by the community. But that doesnt mean you shouldnt do your homework before working with them anyway. Consider the casino's operational transparency, licensing, and history of managing customer complaints in addition to its position in online forums while making your decision.

That some people don't fully grasp KYC is a valid point. But I feel compelled to add that sniffing out wrongdoing is only part of the story. It's a rule that needs to be followed so that crimes like identity theft and financial fraud don't happen. It has nothing to do with how large or small a gambler you are and is instead a measure taken to maintain trustworthiness and openness in the online gambling system.
The people that are not easily willing to complete KYC verification at casinos when demanded are going to have nowhere to go for their gambling activities in the near future because there will be strict regulations then, and someone who doesn't complete their verification on time would simply not be allowed to use a platform, gambling is a very far thing, so people need to start getting used to this system because it is most likely here to stay.

While most of us believe that a casino that operates under a license tends to be more safe and secure for us and our assets, this small group of people think that a casino that has a license and asks for KYC verification is going against their privacy, like they are the only ones being asked for it.
But even so you can still gamble without the obligation to do KYC, with the limits set by the casino itself, so in my opinion it's not a problem if you want to maintain your personal identity by not doing KYC, you only need to deposit and withdraw below the limit. But yes, when you get big profits with small capital, of course you also need to do KYC if you want to withdraw the winnings you get in your gambling.

KYC cannot be avoided even though it is contrary to the wishes of anonymity because the average gambling platform has implemented it, except maybe a gambling platform that does not have a license, that is possible, but it is not safe for you to gamble.

And it seems that this policy is indeed based on the rise of gambling activities that are misused, and including gambling using crypto which is experiencing increasing adoption.

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July 26, 2023, 02:00:47 PM
 #97

I admire your trust in the casinos suggested by the community. But that doesnt mean you shouldnt do your homework before working with them anyway. Consider the casino's operational transparency, licensing, and history of managing customer complaints in addition to its position in online forums while making your decision.

That some people don't fully grasp KYC is a valid point. But I feel compelled to add that sniffing out wrongdoing is only part of the story. It's a rule that needs to be followed so that crimes like identity theft and financial fraud don't happen. It has nothing to do with how large or small a gambler you are and is instead a measure taken to maintain trustworthiness and openness in the online gambling system.
The people that are not easily willing to complete KYC verification at casinos when demanded are going to have nowhere to go for their gambling activities in the near future because there will be strict regulations then, and someone who doesn't complete their verification on time would simply not be allowed to use a platform, gambling is a very far thing, so people need to start getting used to this system because it is most likely here to stay.

While most of us believe that a casino that operates under a license tends to be more safe and secure for us and our assets, this small group of people think that a casino that has a license and asks for KYC verification is going against their privacy, like they are the only ones being asked for it.
But even so you can still gamble without the obligation to do KYC, with the limits set by the casino itself, so in my opinion it's not a problem if you want to maintain your personal identity by not doing KYC, you only need to deposit and withdraw below the limit. But yes, when you get big profits with small capital, of course you also need to do KYC if you want to withdraw the winnings you get in your gambling.

KYC cannot be avoided even though it is contrary to the wishes of anonymity because the average gambling platform has implemented it, except maybe a gambling platform that does not have a license, that is possible, but it is not safe for you to gamble.

And it seems that this policy is indeed based on the rise of gambling activities that are misused, and including gambling using crypto which is experiencing increasing adoption.

it's not just a withdrawal problem that might make us have to do KYC. Regarding account activity, we can also highlight it if it is indicated as suspicious. some gamblers may engage in illegal activities for their gambling, such as using multiple accounts for profit.
I personally have no problem gambling with casinos that ask for KYC. as long as we do everything right. I'm sure there won't be any problems. I know, some people like to remain anonymous. but everything is a choice.


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July 26, 2023, 03:55:47 PM
Last edit: July 27, 2023, 03:44:52 AM by YOSHIE
 #98

We know all this.
Quote
The Rise of Crypto Gambling: What You Need to Know
That's what attracts crypto, especially Bitcoin, since crypto was launched in 2009, that's when a lot of people thought what it was, how to do all that, but as time went on, we finally all know as it is now, this is how Bitcoin actually works.

So it's no wonder, many gambling sites used to use fiat, now they are competing to use crypto features and there has been a great revival in the gambling industry, they realize crypto has fans around the world and is used in all countries, we are all aware that crypto has a role and a big rise from the online gambling industry, easy and safe to gamble.

R


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July 26, 2023, 04:47:51 PM
 #99

If people want to play gambling in peace, they really have to be able to choose a trusted casino and even though the casino asks you to do KYC, you don't need to worry because the casino is trusted. For now, the gambling business has become bigger and is developing rapidly, especially for crypto casinos, which have gained popularity since the pandemic yesterday. People who cannot leave their homes are starting to use online casinos, both fiat and crypto but many gamblers are also switching to crypto casinos.


There is something about completing kyc in online platforms. Many people do not even attempt to complete kyc for reasons best known to them. Maybe this set of people are over private that they would want to live their privacy life to 100%
But I want to counter the notion that your kyc on reputable gambling sites is safe

Well, if you have completed KYC with any company no matter how reputable they are, your data is no longer safe. They themselves may not use it for any purpose without your consent. But in the case of hack or any other thing your data is exposed.

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July 26, 2023, 04:55:17 PM
 #100

What kind of toxic attacks on me are you doing here?
~

What the hell are you talking about? My reply was neither toxic, nor did I attack you. I simply asked you if you could give some examples, since you said, "There are plenty of crypto casinos that operate on an open blockchain," which I believe is not true. Stop being so overdramatic!

~
Yes, I may have described something inaccurately in previous post, but this is not a reason to write to me in such a way as you did.

My sincerest apologies, Your Majesty!  Roll Eyes

Ops need to u understand what it means for a casino to be open source or 100% decentralized since most of the Web 3 casinos that proclaim decentralization are all not truly decentralized and that is something you need to know because not for it to be on paper but also in practice and most of the web3 or so-called open source casino are not so in practice,  so ops bee to understand that fact and settle with that fact.

So ops need not to take your point as an attack and if he feels that way, then he needs to build a thick skin to be able to accommodate criticisms.

.
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virasog
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July 26, 2023, 05:00:49 PM
 #101

I admire your trust in the casinos suggested by the community. But that doesnt mean you shouldnt do your homework before working with them anyway. Consider the casino's operational transparency, licensing, and history of managing customer complaints in addition to its position in online forums while making your decision.

That some people don't fully grasp KYC is a valid point. But I feel compelled to add that sniffing out wrongdoing is only part of the story. It's a rule that needs to be followed so that crimes like identity theft and financial fraud don't happen. It has nothing to do with how large or small a gambler you are and is instead a measure taken to maintain trustworthiness and openness in the online gambling system.
The people that are not easily willing to complete KYC verification at casinos when demanded are going to have nowhere to go for their gambling activities in the near future because there will be strict regulations then, and someone who doesn't complete their verification on time would simply not be allowed to use a platform, gambling is a very far thing, so people need to start getting used to this system because it is most likely here to stay.

While most of us believe that a casino that operates under a license tends to be more safe and secure for us and our assets, this small group of people think that a casino that has a license and asks for KYC verification is going against their privacy, like they are the only ones being asked for it.
But even so you can still gamble without the obligation to do KYC, with the limits set by the casino itself, so in my opinion it's not a problem if you want to maintain your personal identity by not doing KYC, you only need to deposit and withdraw below the limit. But yes, when you get big profits with small capital, of course you also need to do KYC if you want to withdraw the winnings you get in your gambling.

KYC cannot be avoided even though it is contrary to the wishes of anonymity because the average gambling platform has implemented it, except maybe a gambling platform that does not have a license, that is possible, but it is not safe for you to gamble.

And it seems that this policy is indeed based on the rise of gambling activities that are misused, and including gambling using crypto which is experiencing increasing adoption.

KYC is not a hindrance in the growth of crypto gambling as people are ready to do KYC in return for doing crypto gambling. The advantages of crypto online gambling are more than fiat gambling. So that is the reason that online gambling is increasing day by day as more people are leaving physical gambling or gambling through fiat money and moving towards gambling through cryptocurrencies.

KYC cannot be avoided in online gambling or offline gambling, so I don't think we have a choice of gambling without KYC.

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ethereumhunter
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July 27, 2023, 05:49:32 AM
 #102

With the current development in the gambling casinos, where even freebitco, one of the longest running bitcoin casino that have never required customers to pass kyc verification, if a casino as this can now turn to include in their terms that there is a possibility that they may ask their customer for kyc verification, that should tell you that there is a regulatory pressure on casinos right now, and casinos that are still not requiring kyc from customers either will just vanish with customers funds in the future after they have collected enough, or like every other casinos, they will still turn around to request kyc from their customers.

I think we have arrived a point where gamblers shouldnt be running from kyc anymore.
The time has come for KYC verification to become an obligation for crypto users, especially for crypto casinos which used to be very free and did not need to apply any KYC to their users. With the interference from regulators in almost all businesses, crypto users cannot be anonymous users who can hide behind the scenes in making transactions. And all of this may be influenced by people who used to use fiat for illegal activities. They are starting or already using crypto to carry out their illegal activities. And this is what makes regulators need to ask casinos or other businesses to implement KYC on their members.

Most beginners are reluctant to ask questions and find out which casinos have a good reputation and high trust, so they are easily tempted by the promotions offered by some shady casinos.
With this forum in the gambling section, there are already lots of threads that have topics about trusted casinos with good reputations, making it easier for beginners to understand which casinos can be relied upon or should be avoided.

There are already many casinos that have established KYC, so we only have to choose which one is the most trusted and can maintain the security of our personal documents.
After all, I'm sure that every big casino has their own way of keeping their customers' data secure.
Beginners still register at shady casinos, where they find obscure advertisements from sites. Hence, many of them are still exposed to many problems ranging from withdrawal problems, KYC, or bonuses and others. They can't find a casino that can provide comfort for them, so they choose a casino randomly, making many of them experience problems.

If they can visit this forum and look in the gambling section, they can find lots of recommendations that many members have given so this will save them from other problems. And they can also play gambling in peace and can enjoy it well. A trusted casino must be able to take good care of the personal documents of each member because if not, it will affect the reputation that has been built for a long time.

I think lately do people get to identify that we can actually gambles without going through kyc when we make a decision to choose the gambling platform that requires no use of kyc, it's unbelievable that some don't even know, but the good about this is that you can search through whatever thing you want and get them as long as you can give it that search needed, what we don't seek after we may not find and same does happen in gambling too, there are platforms that gives zero tolerance on KYC only if we could give out the demands for searching through one.
As long as they don't deposit large amounts of money, especially for new people joining, I don't think they will be asked to do KYC. But what happened was that some people immediately deposited large sums of money and played and got big wins, causing suspicion from the casinos about who they were. This is what makes the casinos ask them to do KYC to find out who they really are but most of them complain that this is unfair or the casinos are cheating them. Some people consistently only deposit small amounts of money to gamble and withdraw their money within acceptable limits. And they are still fine playing at that trusted casino and haven't done KYC. But I think it's time for casinos to implement KYC for all their members fully.

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Rabata
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July 27, 2023, 06:30:27 AM
 #103

I admire your trust in the casinos suggested by the community. But that doesnt mean you shouldnt do your homework before working with them anyway. Consider the casino's operational transparency, licensing, and history of managing customer complaints in addition to its position in online forums while making your decision.

That some people don't fully grasp KYC is a valid point. But I feel compelled to add that sniffing out wrongdoing is only part of the story. It's a rule that needs to be followed so that crimes like identity theft and financial fraud don't happen. It has nothing to do with how large or small a gambler you are and is instead a measure taken to maintain trustworthiness and openness in the online gambling system.
The people that are not easily willing to complete KYC verification at casinos when demanded are going to have nowhere to go for their gambling activities in the near future because there will be strict regulations then, and someone who doesn't complete their verification on time would simply not be allowed to use a platform, gambling is a very far thing, so people need to start getting used to this system because it is most likely here to stay.

While most of us believe that a casino that operates under a license tends to be more safe and secure for us and our assets, this small group of people think that a casino that has a license and asks for KYC verification is going against their privacy, like they are the only ones being asked for it.
But even so you can still gamble without the obligation to do KYC, with the limits set by the casino itself, so in my opinion it's not a problem if you want to maintain your personal identity by not doing KYC, you only need to deposit and withdraw below the limit. But yes, when you get big profits with small capital, of course you also need to do KYC if you want to withdraw the winnings you get in your gambling.

KYC cannot be avoided even though it is contrary to the wishes of anonymity because the average gambling platform has implemented it, except maybe a gambling platform that does not have a license, that is possible, but it is not safe for you to gamble.

And it seems that this policy is indeed based on the rise of gambling activities that are misused, and including gambling using crypto which is experiencing increasing adoption.

KYC is not a hindrance in the growth of crypto gambling as people are ready to do KYC in return for doing crypto gambling. The advantages of crypto online gambling are more than fiat gambling. So that is the reason that online gambling is increasing day by day as more people are leaving physical gambling or gambling through fiat money and moving towards gambling through cryptocurrencies.

KYC cannot be avoided in online gambling or offline gambling, so I don't think we have a choice of gambling without KYC.
Gambling with cryptocurrency has many advantages over gambling with fiat currency. It is of the highest interest among gamblers especially for quick payouts. However in both ways a gambler has to make KYC. I don't need to worry about KYC in the best gambling platforms. Because they provide good service for which their site has high reputation. KYC is an important factor in any gambling or casino platform, online or offline. There is no option of gambling by ignoring it.

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July 28, 2023, 09:51:20 AM
 #104

Gambling with cryptocurrency has many advantages over gambling with fiat currency. It is of the highest interest among gamblers especially for quick payouts. However in both ways a gambler has to make KYC. I don't need to worry about KYC in the best gambling platforms. Because they provide good service for which their site has high reputation. KYC is an important factor in any gambling or casino platform, online or offline. There is no option of gambling by ignoring it.
There might be some options available right now for gamblers to gamble without completing KYC verification, but there won't be any in the future, so it's better if people start getting used to the habit of completing KYC verification at trusted platforms so that they don't have issues doing it in the future. Regulations have been catching every single platform lately, authorities are even eyeing decentralized platforms to be regulated in the future, so there won't be any left.

As you said, one shouldn't really have any issues doing KYC verification at a platform that is trusted and they know it wouldn't misuse their personal information and documents, and it's better to avoid new and untrustworthy platforms if they are asking for KYC verification, if they don't ask for it, one might try them out.

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July 28, 2023, 10:31:47 AM
Last edit: July 28, 2023, 04:41:46 PM by delfastTions
 #105

Gambling with cryptocurrency has many advantages over gambling with fiat currency. It is of the highest interest among gamblers especially for quick payouts. However in both ways a gambler has to make KYC. I don't need to worry about KYC in the best gambling platforms. Because they provide good service for which their site has high reputation. KYC is an important factor in any gambling or casino platform, online or offline. There is no option of gambling by ignoring it.
There might be some options available right now for gamblers to gamble without completing KYC verification, but there won't be any in the future, so it's better if people start getting used to the habit of completing KYC verification at trusted platforms so that they don't have issues doing it in the future. Regulations have been catching every single platform lately, authorities are even eyeing decentralized platforms to be regulated in the future, so there won't be any left.

As you said, one shouldn't really have any issues doing KYC verification at a platform that is trusted and they know it wouldn't misuse their personal information and documents, and it's better to avoid new and untrustworthy platforms if they are asking for KYC verification, if they don't ask for it, one might try them out.
Now I began to adhere to the following opinion: When it comes to gambling using cryptocurrencies, then KYC verification is definitely evil and a bad solution to the issue.  If the game is with cryptocurrency payments, then you need to maintain a certain level of anonymity.  

But now, after all, an intermediate identification option has appeared and users of WorldCoin wallets are already using it.  In Japan, for example, two days ago there was even a queue of those wishing to receive some of these coins (about $50 at the current exchange rate).  For identification, it was simply necessary to scan the iris of the eyes and that's it.  The recipient of the coins already had his own wallet with these coins after that.  The whole process takes only 8 seconds.
 In my opinion, this identification method is very well suited for use in the cryptocurrency gambling industry and unequivocally guarantees confirmation of the deposit owner if he was registered in such a biometric way.  At the same time, it is not at all necessary to go through KYC in its classical sense, that is, indicating the name, surname, other passport data, and even more so sending all kinds of photographs of the face or even video.  
I don’t know which cryptocurrency casino will be the first to master this method of identification, but I hope such casinos will start to appear more and more.

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May 06, 2024, 09:32:34 AM
 #106


The sports betting and gaming industries constantly evolve. The next evolution has been the advent of blockchain and cryptocurrency technologies. Bitcoin sportsbooks have become the newest thing in the industry. And for good reason. A crypto sportsbook provides advantages that traditional books can’t. If you’re new to crypto gambling, or require a refresher, keep reading to discover the top five things you must know about crypto sportsbooks.

What You Need to Know About Crypto Gambling

Bitcoin has become a store of value

For many, bitcoin remains something to be feared or disregarded. But that’s changing and it’s changing quickly.

It already has changed when it comes to the way the largest banks in the world view BTC. Goldman Sachs, JP Morgan Chase, and Morgan Stanley offer their clients bitcoin investment strategies.

Cryptocurrency investors see BTC as digital gold. Bitcoin is the base for their crypto investment strategies. The bottom line? Cryptocurrencies, and especially Bitcoin, isn’t going anywhere.

Your information is more secure

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

Crypto deposits and withdrawals happen much faster than in traditional sportsbooks or online gaming sites. The reason is due to cryptocurrencies’ peer-to-peer philosophy.

A middle entity, like Coinbase or Cash App facilitates the transfer of your BTC or other crypto to your sportsbook account. But those entities are just facilitators.

They aren’t involved the way your credit card company is involved. This speeds up the entire deposit and withdrawal process.

Read more→ https://n2g.io/3e8d2b4


You are correct. The future of online crypto casinos is affected by the blockchain technology, that permits online crypto casinos to take advantage of features that are not obtainable in non crypto casinos - crypto casinos provide improved restrictions, better means of security  and have a more rapid withdrawals.
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May 06, 2024, 10:17:19 AM
 #107

Well, one thing that is very sure and also very clear to see is that, cryptocurrency gambling have made gambling alot of easier, fun and accessible to alot of persons out there, since it has become practically easier and faster to deposit and withdraw from casinos through crypto currency, and like the op mentioned, some of our personal data is safe with us when we choose to make crypto our only means of depositing and withdrawing from gambling casinos, Personal datas like our credit card details, bank account details and some other of our financial data we use for transacting with the banks and other financial institutions.

For me, if not for cryptocurrency, I would not have been a gambler, because existed way before crypto came on board, and I've never gambled until I discovered crypto, got into it, starts saving in crypto, and when I discovered that it was possible to gamble and place bets using crypto on online casinos, I decided to try with small amount, and that was how I started gambling from time to time, crypto have indeed, opened doors to many financial innovations, and I the development it has brought to the online gambling industry.

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May 06, 2024, 02:16:03 PM
 #108

KYC is not a hindrance in the growth of crypto gambling as people are ready to do KYC in return for doing crypto gambling. The advantages of crypto online gambling are more than fiat gambling. So that is the reason that online gambling is increasing day by day as more people are leaving physical gambling or gambling through fiat money and moving towards gambling through cryptocurrencies.

KYC cannot be avoided in online gambling or offline gambling, so I don't think we have a choice of gambling without KYC.
I really agree with that, everyone will be happy to do KYC if there is a request according to the gambling site's procedures, regarding the increase from day to day it is a technological advancement that continues to be presented every year so it is not surprising that gambling uses currency. Crypto has been widely used in various developed countries, so it is a promising thing for the long term aspect because it makes it easier for all groups to play without having to play physical gambling, while doing this to avoid account misuse then it is legal in my opinion to prevent this. This is because it is in the interests of the gambling site to safeguard everyone's assets.

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May 06, 2024, 03:55:49 PM
 #109

Well, one thing that is very sure and also very clear to see is that, cryptocurrency gambling have made gambling alot of easier, fun and accessible to alot of persons out there, since it has become practically easier and faster to deposit and withdraw from casinos through crypto currency, and like the op mentioned, some of our personal data is safe with us when we choose to make crypto our only means of depositing and withdrawing from gambling casinos, Personal datas like our credit card details, bank account details and some other of our financial data we use for transacting with the banks and other financial institutions.

For me, if not for cryptocurrency, I would not have been a gambler, because existed way before crypto came on board, and I've never gambled until I discovered crypto, got into it, starts saving in crypto, and when I discovered that it was possible to gamble and place bets using crypto on online casinos, I decided to try with small amount, and that was how I started gambling from time to time, crypto have indeed, opened doors to many financial innovations, and I the development it has brought to the online gambling industry.

In my case, I also started playing in casinos because of cryptocurrencies and I confess that it was a good experience because a few years ago here in my country there were few sports betting sites and although I saw them every day in the advertisements that appear on TV, I didn't use them. Until years after getting involved with cryptocurrencies, I became curious about sports betting and started placing my sports bets using my cryptocurrencies, I lost in many games but in the end I managed to win a lot and leave with a profit. playing at cyptomos casinos is easy and much more practical than playing at casinos or betting houses in my country because in the case of casinos and betting houses in my country I would have to be constantly

going to do kyc at the payment processor company's office, because they track transactions, they set a certain limit on the movement of money that when exceeded the person must do kyc again, it's something very annoying that I want to avoid, that's why I choose to play more in crypto casinos because I do kyc and play with small amounts of money and I don't have headaches.

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May 06, 2024, 04:30:22 PM
 #110


Why even bringing back this garbage thread written by this garbage company.
Actually, I doubt it's even written by them, most likely they use some AI.

The garbage they post here can also be found on their "blog". For some reason they still keep this alive even though I doubt anyone is interested in reading it.  Grin

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May 06, 2024, 07:53:47 PM
 #111

KYC is not a hindrance in the growth of crypto gambling as people are ready to do KYC in return for doing crypto gambling. The advantages of crypto online gambling are more than fiat gambling. So that is the reason that online gambling is increasing day by day as more people are leaving physical gambling or gambling through fiat money and moving towards gambling through cryptocurrencies.

KYC cannot be avoided in online gambling or offline gambling, so I don't think we have a choice of gambling without KYC.

I also go along with your suggestion on this, there is nothing to cause hindrance to the use of casino gambling platform because of KYC, what i only noticed about the gamblers concerning this is a frequent complaint about it, which if they were able to make provisions to all required information's needed by the platforms, they are going to enjoy them, and despite the KYC challenges, may are still finding it more attractive and interesting in using any online gambling platform because they can afford their kyc requirements unlike other gamblers who couldn't.



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May 06, 2024, 08:31:33 PM
 #112

You are correct. The future of online crypto casinos is affected by the blockchain technology, that permits online crypto casinos to take advantage of features that are not obtainable in non crypto casinos - crypto casinos provide improved restrictions,
For everything that's related to crypto casinos, there's always the use of blockchain technology. Whether it is a casino or an exchange or payments are made on crypto then it's for sure that there's blockchain technology behind it.

better means of security  and have a more rapid withdrawals.
But don't be surprised if you've been halted for some reason. Especially, to the big withdrawals that are being done and even if you've won that outrightly.

There's a possibility that you'd be stopped for some additional verifications and that's common today for most casinos.

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May 06, 2024, 08:39:12 PM
 #113

KYC is not a hindrance in the growth of crypto gambling as people are ready to do KYC in return for doing crypto gambling. The advantages of crypto online gambling are more than fiat gambling. So that is the reason that online gambling is increasing day by day as more people are leaving physical gambling or gambling through fiat money and moving towards gambling through cryptocurrencies.

KYC cannot be avoided in online gambling or offline gambling, so I don't think we have a choice of gambling without KYC.

I also go along with your suggestion on this, there is nothing to cause hindrance to the use of casino gambling platform because of KYC, what i only noticed about the gamblers concerning this is a frequent complaint about it, which if they were able to make provisions to all required information's needed by the platforms, they are going to enjoy them, and despite the KYC challenges, may are still finding it more attractive and interesting in using any online gambling platform because they can afford their kyc requirements unlike other gamblers who couldn't.

I think the same, or that new Casinos should Establish another system, not direct with a KYC, but a less radical system, an identification but not as difficult as this, so this can be done in a more Subtle way, for this reason This is something that can be generated for the better at the time that the followers like that it is not so difficult to do something like that, that is why it is an option that always happens to me, I am not one to leave KYC on all Platforms, Because it is Leaving my data is not a good thing, but now with this law in every casino it is difficult to go Against it.

R


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May 06, 2024, 10:21:10 PM
 #114

I find it a bit weird that the OP is speaking of bitcoin as "store of value", what we all understand as "digital gold" but this is not really in line with using bitcoin for transferring betting money regularly because the fees make it nearly impossible, even with a lighting channel open or the like. I would say that any other crypto is more useful for that specific case of use. But there is a case to have bitcoin in an exchange and convert to bet.

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May 07, 2024, 04:16:54 AM
 #115



You are correct. The future of online crypto casinos is affected by the blockchain technology, that permits online crypto casinos to take advantage of features that are not obtainable in non crypto casinos - crypto casinos provide improved restrictions, better means of security  and have a more rapid withdrawals.
that is why crypto casino just grow like now over the years as we can also see there are new casinos being born at least each week
showing how tight the competition now comparing in the past years when they are just fewer.
and the thing is that there are almost the same offers from each to them leaving us to be confused where to deal our gaming  Grin

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May 07, 2024, 05:52:34 AM
 #116

I find it a bit weird that the OP is speaking of bitcoin as "store of value", what we all understand as "digital gold" but this is not really in line with using bitcoin for transferring betting money regularly because the fees make it nearly impossible, even with a lighting channel open or the like. I would say that any other crypto is more useful for that specific case of use. But there is a case to have bitcoin in an exchange and convert to bet.
Well said. Ordinals and Runes messed up the BTC network so badly that investors think twice before deciding to transfer their BTC. Fees were negligible before all of that crap messed up the network.

Altcoins like Litecoin, Dogecoin etc are way better options in comparison as you mentioned since their networks are pretty much always stable.

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