The Rise of Crypto Gambling: What You Need to Know

[nitrobetting]

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

[Yatsan]

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?

[Freedom4All]

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.

[Odusko]

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.

[bittraffic]

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?

[Gozie51]

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.

[iv4n]

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.

[Agbe]

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.

[Casdinyard]

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.

[Queentoshi]

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.

[blockman]

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.

[danadc]

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.

[mindrust]

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.

[blockman]

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.

[Johnyz]

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.

[goaldigger]

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.

[Onyeeze]

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

[Fatunad]

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.

[DoublerHunter]

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.

[Wexnident]

~

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.