Pros and Cons of Crypto vs. Traditional Gambling

[slapper]

What I really noticed in traditional casino or gambling is that the way you deposit money on it is sometimes difficult, like there are many platforms that you need to go through. There are still casinos that have used e-wallets with our local currency, but the problem is that most of those casinos that are using them that I am aware of are not legal; they mostly got closed down, and others won't release your winnings. That is mostly what I have noticed, and there are no established online casinos that I know of in our country that are using e-wallet. That is why I prefer crypto, as it is legal internationally and has been established already.

The frustrating hurdles one has jump through to make a deposit. It's almost as if they don't want us to spend our money on them... Strange, given how they make money

Although I like the ease that electronic wallets provide, I find it unfortunate that many of these sites are not honest. Convenience on one hand, and legitimacy on the other. You can't win in this scenario.

Your enthusiasm of crypto is natural given that it is widely used and easier to use. Let's be honest, though: crypto doesn't exist in a vacuum, and it certainly doesn't lack problems (volatile markets, regulatory ambiguity, security worries, etc.).

[Kemarit]

What I really noticed in traditional casino or gambling is that the way you deposit money on it is sometimes difficult, like there are many platforms that you need to go through. There are still casinos that have used e-wallets with our local currency, but the problem is that most of those casinos that are using them that I am aware of are not legal; they mostly got closed down, and others won't release your winnings. That is mostly what I have noticed, and there are no established online casinos that I know of in our country that are using e-wallet. That is why I prefer crypto, as it is legal internationally and has been established already.

I will highlight this one as I have a bad experience when I have a good winnings and they don't what to released it right away. Although it took them more than a week to give my winning, they said that they will ban my account for at least a week because they suspect that I might be cheating. I said I don't cheat, as they can check my IP address and the history of my bets. It's just really unfortunate to hear that, if I deposit huge money there is no problem with them specially if I'm in a losing streak. Now that I got back and chase and recoup my losses in the last couple of weeks, they accused me of cheating and then ban for a week. So I said to myself that I won't be playing in that platform and I will be back in the regular crypto sports bookies that I used to bet and not used any e-wallets for now.

[rahmad2nd]

~~

If we look at the development of the gambling industry, today's young people might prefer casinos that can provide convenience rather than make themselves difficult. In this case, people will probably choose online casinos over traditional ones because they can deposit their money through many payment methods. Especially now that many crypto casinos also make it easy for them so that people can also use crypto casinos where they don't need to use credit and debit cards to avoid investigations from the bank regarding the use of money in their account.

Basically, online casinos are not designed only for young people, even all ages play them. Regardless of gender, nowadays online casinos are more preferred than traditional casinos. Naturally, we are given convenience without having to travel to visit a casino. but that doesn't mean, we/they, don't like traditional casinos. Of course, there is something on offer that is different to both online casinos and traditional casinos. It's just that, for now, the online casino/crypto era is preferred by various groups.

As I said at the beginning, we are facilitated without having to travel. plus, can play anywhere when we want to play with it. referring to the theme of this thread, as I said before. in fact, the pros and cons depend on each gambling enthusiast. for me, everything has no problem, not even a pros and cons. which in essence, it all depends on our needs, both when playing at traditional casinos or when doing activities at online casinos. but once again in the current era that has changed, it is easier for us to do all activities on the internet, including gambling. we can even do it without anyone knowing, including those closest to us. Now, casino is more of a private entertainment game for me personally.

[coolcoinz]

Bets are in U.S. dollars or other fiat currency
It’s easy to bet in your nation’s currency. Traditional gambling allows us to wager in dollars if we’re a U.S. citizen or Canadian dollars if we’re Canadian.

I'd say that this is a completely irrelevant point. We're at a crypto forum, so everybody here is familiar with crypto payments and people will not call them difficult.
Sure, if you go to a random stranger and tell him that he could bet his local currency or try to do the same in crypto, and he's never heard of it, he'll choose fiat, but I don't think the goal of this thread is to talk about nocoiners and their beliefs.  
I'm a bitcoin user and I'm happy if someone gives me the option to pay with cryptocurrency. I'd call that one of the crypto gambling industry's advantages over the traditional industry.

[ethereumhunter]

Basically, online casinos are not designed only for young people, even all ages play them. Regardless of gender, nowadays online casinos are more preferred than traditional casinos. Naturally, we are given convenience without having to travel to visit a casino. but that doesn't mean, we/they, don't like traditional casinos. Of course, there is something on offer that is different to both online casinos and traditional casinos. It's just that, for now, the online casino/crypto era is preferred by various groups.

As I said at the beginning, we are facilitated without having to travel. plus, can play anywhere when we want to play with it. referring to the theme of this thread, as I said before. in fact, the pros and cons depend on each gambling enthusiast. for me, everything has no problem, not even a pros and cons. which in essence, it all depends on our needs, both when playing at traditional casinos or when doing activities at online casinos. but once again in the current era that has changed, it is easier for us to do all activities on the internet, including gambling. we can even do it without anyone knowing, including those closest to us. Now, casino is more of a private entertainment game for me personally.

That's because online casinos provide more convenience for people who want to play gambling. They don't need to go to the nearest casino or a certain city because they can access the casino from home and even use their personal devices. And it is true that everyone, men and women, young and old, can access online casinos with ease and even young children under age can also play in these online casinos.

And that raises pros and cons in society that an online casino that provides conveniences for its users can trigger problems for the younger generation because they can easily be influenced to participate in gambling. The pros and cons of gambling have been going on for a long time, and even when online casinos are increasingly popular, the pros and cons are also increasing. We can only follow the news and there is no need to interfere.

[fullhdpixel]

From the development of crypto casinos, which are increasing very rapidly, we can see that people are very enthusiastic about crypto casinos, in fact, every day there are always novice gamblers who are starting to enter the crypto gambling industry.
Even so, traditional casinos are still widely enjoyed by some gamblers, but over time traditional casinos will be left behind and maybe traditional casino owners will also develop their casino business to become online and based on crypto.
If today's traditional casino owners don't try to develop online casinos, maybe they will lose their place and their income will definitely experience a pretty drastic decline.

It's only sad that along with the developments of the crypto casino, are the regulations that are being put in place. This makes crypto users slowly hate accessing them. Cryptos are still hard to understand so I don't think there are new people who will immediately try a crypto casino without having an adequate knowledge about crypto. Even me, it took me a long time to get involved in a crypto casino.

The internet is not a new thing anymore but why there are still traditional casinos? I guess that simply means they are still satisfied of the income that they are getting. There will always be a demand for them because they have their advantage which can't possibly be copied by the online/crypto casinos.

[qwertyup23]

Bets are in U.S. dollars or other fiat currency
It’s easy to bet in your nation’s currency. Traditional gambling allows us to wager in dollars if we’re a U.S. citizen or Canadian dollars if we’re Canadian.

I'd say that this is a completely irrelevant point. We're at a crypto forum, so everybody here is familiar with crypto payments and people will not call them difficult.
Sure, if you go to a random stranger and tell him that he could bet his local currency or try to do the same in crypto, and he's never heard of it, he'll choose fiat, but I don't think the goal of this thread is to talk about nocoiners and their beliefs.  
I'm a bitcoin user and I'm happy if someone gives me the option to pay with cryptocurrency. I'd call that one of the crypto gambling industry's advantages over the traditional industry.

I think the person was just explaining one of the advantages of betting using the fiat of one's national currency, which is the convenience of using such.

In contrast, cryptocurrency gambling requires crypto as your main source of funds in order to gamble. This can serve as a challenge to some countries where they expressly prohibit cryptocurrency utilization. Though some may use VPNs and other systems to conceal their transactions, there is still that potential risk of getting caught and experiencing the consequences of such.

In conclusion, both crypto and fiat gambling have their respective pros and cons. It really boils down to the preference of the person on what kind of currency is available for them at their disposal.

[Gozie51]

Bets are in U.S. dollars or other fiat currency
It’s easy to bet in your nation’s currency. Traditional gambling allows us to wager in dollars if we’re a U.S. citizen or Canadian dollars if we’re Canadian.

Wagering with traditional currency like $ or any cryptocurrency is the same purpose and also of the same value if you want to compare them too.  To the aspect of the process for the wager, you follow the directions of fiat or cryptocurrency depending on the one you prefer, so nothing is different but only choice. Some people prefer to play with cryptocurrency and I believe it is easier if you know how to navigate through the staking process. Nothing is hard with those wagering process.

[Silberman]

Since many local banks are owned by giant banks which have a presence in almost all countries of the world then I would suppose policies like not allowing a person to make a deposit to their gambling account using a credit card are pretty much everywhere, and to me it makes sense, if a bank allowed you to buy a TV on credit, at least there is a physical good which can repay part of the debt in which you incurred, while this is not true in the case you gamble and lose that money away.

My take on this is that, they're allowing to purchase digital products with the use of credit card. And that's why if a customer tries to use his CC to get his gambling account funded, they should allow it. But I do also understand that the banks don't want someone with a gambling behavior and activities spend money in credit because it might also affect their credit score and as well as their payment behavior. Sometimes, that's also understandable when they're trying to be strict with their policies since it is their money that's being spent or should I say, other depositor's money.

You have a point, however banks are obviously on the business of making money by offering loans and they have decided against this practice when it comes to their CC, why is that the case? And I would suppose they have made a significant amount of research on the type of client that uses their credit cards to fund their gambling accounts, and they came to the conclusion that allowing such a thing will over the long run cause them to lose money and that is why they forbid it.

[Comingdown]

Both have its own pros and cons, but weighing these two, I prefer crypto gambling than traditional gambling. For simple reasons, lower transaction costs and fast transactions. You can even gamble on your bed and at your best comfort, so it's a less hassle. But for me, the drawbacks of crypto gambling is it's open for anyone. What I mean about this is that even minors are allowed to gamble, because as we all know it doesn't require your personal information to complete a transaction so it's very risky.

[maydna]

Both have its own pros and cons, but weighing these two, I prefer crypto gambling than traditional gambling. For simple reasons, lower transaction costs and fast transactions. You can even gamble on your bed and at your best comfort, so it's a less hassle. But for me, the drawbacks of crypto gambling is it's open for anyone. What I mean about this is that even minors are allowed to gamble, because as we all know it doesn't require your personal information to complete a transaction so it's very risky.

Crypto casinos provide various conveniences and are different from traditional casinos, especially since we also gather in the biggest crypto forums. So we choose crypto casinos over traditional casinos, although some prefer traditional casinos or both. Perhaps that is the lack of crypto casinos, but it depends on the parent's upbringing towards their children. If parents can teach their children good things, their children will not try gambling before they grow up. There must be pros and cons between Crypto vs Traditional Gambling, but we do not have to think about that as we have our own choice.

[molsewid]

Both have its own pros and cons, but weighing these two, I prefer crypto gambling than traditional gambling. For simple reasons, lower transaction costs and fast transactions. You can even gamble on your bed and at your best comfort, so it's a less hassle. But for me, the drawbacks of crypto gambling is it's open for anyone. What I mean about this is that even minors are allowed to gamble, because as we all know it doesn't require your personal information to complete a transaction so it's very risky.

Me too, for me as an introvert person and private person I don't want to be in a place where there are a lot of people and I am sensitive to the sound of some machines so I am more into crypto gambling nowadays, I can play whenever and wherever I wanted whether it is via mobile , tablet or laptop it is more convenient and yes it is more secure because no one will know you aside from the casino team if you do KYC.

[Mr. Magkaisa]

    -     In the post you made, you are showing the state of the pros and cons of a traditional casino, but do you know that crypto gambling is different from traditional gambling. Because obviously here in the field of the crypto space, more on cryptocurrency is used as compared to a casino.

In addition, what you can win here in crypto gambling is that if you want to hold it for a long time, you can still increase the amount of what you win in addition to what I mentioned before.

[Lida93]

Both have its own pros and cons, but weighing these two, I prefer crypto gambling than traditional gambling. For simple reasons, lower transaction costs and fast transactions. You can even gamble on your bed and at your best comfort, so it's a less hassle. But for me, the drawbacks of crypto gambling is it's open for anyone. What I mean about this is that even minors are allowed to gamble, because as we all know it doesn't require your personal information to complete a transaction so it's very risky.

Crypto casinos provide various conveniences and are different from traditional casinos, especially since we also gather in the biggest crypto forums. So we choose crypto casinos over traditional casinos, although some prefer traditional casinos or both. Perhaps that is the lack of crypto casinos, but it depends on the parent's upbringing towards their children. If parents can teach their children good things, their children will not try gambling before they grow up. There must be pros and cons between Crypto vs Traditional Gambling, but we do not have to think about that as we have our own choice.

I make use of both crypto and traditional casinos. Crypto for convenience sake as stated by @comingdown and the other reason I also use the traditional casino is by going there I have to meet with old friends chitchat about a lot of things while gambling which is something different I don't get to do  with using online crypto casinos.

A lot of parents are to occupied with work work that they leave the upbringing of their children to nannies and nannies can't inculcate a better discipline I'm children as patents would. These children get loose that
with peer pressure  they want to involved into adult activities like gambling to prove a useless point to their peers that are already into it. And everyday we keep having increase number of underage in gambling and this is very bad. Parents need to wake up to their basic responsibility.

[maydna]

~snip~

I make use of both crypto and traditional casinos. Crypto for convenience sake as stated by @comingdown and the other reason I also use the traditional casino is by going there I have to meet with old friends chitchat about a lot of things while gambling which is something different I don't get to do  with using online crypto casinos.

A lot of parents are to occupied with work work that they leave the upbringing of their children to nannies and nannies can't inculcate a better discipline I'm children as patents would. These children get loose that
with peer pressure  they want to involved into adult activities like gambling to prove a useless point to their peers that are already into it. And everyday we keep having increase number of underage in gambling and this is very bad. Parents need to wake up to their basic responsibility.

That means you are still using both traditional and online casinos, so you are still gambling in those two places. It also doesn't matter because you have found comfort in playing gambling, and maybe that's different from other people who only choose one of the two.

And it's true when you say that parents are busy with their work and leave the care of their children to the nanny. It's like giving freedom to their children to do things that may not be what their parents taught them. Their nannies also tend not to know what the children are doing because they only supervise and prepare for all the needs of the children. And even if the nanny reports to the parents, the children may forbid the nanny to tell the truth.

[Westinhome]

That means you are still using both traditional and online casinos, so you are still gambling in those two places. It also doesn't matter because you have found comfort in playing gambling, and maybe that's different from other people who only choose one of the two.

And it's true when you say that parents are busy with their work and leave the care of their children to the nanny. It's like giving freedom to their children to do things that may not be what their parents taught them. Their nannies also tend not to know what the children are doing because they only supervise and prepare for all the needs of the children. And even if the nanny reports to the parents, the children may forbid the nanny to tell the truth.

This shows the OP still using the both gambling for now.But for the current situation,online casino was the best one,mostly the crypto casino.Because we can easily do the deposit all the profit into the casino.But for normal gambling we need to do deposit using the card,some debit card won’t work in the website.But most of the trusted crypto can be converted in the exchange,So easy to send and withdraw the crypto to the exchange.Where you can easy convert the Cryptocurrency to fiat.

In most of the home,both of the parents are go to the work.Their is no wrong in this because two income will help the children to live in good environment.But children get distracted to gambling and drugs and spoiling their life from their parents hard earned money.

[Slow death]

The internet is not a new thing anymore but why there are still traditional casinos? I guess that simply means they are still satisfied of the income that they are getting. There will always be a demand for them because they have their advantage which can't possibly be copied by the online/crypto casinos.

Traditional casinos make it easy for people, for example, say an elderly person wants to play and has money in the bank, that person will create an account at the casino, he can go through kyc and then add funds to his casino account using his bank card and when withdrawing money, this person withdraws the money to his bank account, of course he will have to pay a fee to withdraw to the bank account and also has the embarrassment of sometimes taking up to 3 to 7 days for the money to enter the account from the bank. but even so it is still very useful for many people

In most of the home,both of the parents are go to the work.Their is no wrong in this because two income will help the children to live in good environment.But children get distracted to gambling and drugs and spoiling their life from their parents hard earned money.

even if the parents were both together, the children go to school, the children have friends outside the home, so it is not because both parents work that the control of the children is compromised, the central problem lies in the fact that many parents do not give attention to their children, they always use the argument that they are working, and when they are not working, they use the argument that they have many serious problems and that they need to focus on getting money to pay the bills, so the children have a lot of time to deviate from the good path. now it is necessary to note that it is not easy for a child to buy cryptocurrencies using a bank account and play

Both have its own pros and cons, but weighing these two, I prefer crypto gambling than traditional gambling. For simple reasons, lower transaction costs and fast transactions. You can even gamble on your bed and at your best comfort, so it's a less hassle. But for me, the drawbacks of crypto gambling is it's open for anyone. What I mean about this is that even minors are allowed to gamble, because as we all know it doesn't require your personal information to complete a transaction so it's very risky.

it's not that simple, for people who only earn cryptocurrencies with signature campaigns and have never bought cryptocurrencies using a bank account, they think it's very easy to have cryptocurrencies, but it's not easy at all, the person needs to go through many steps, kyc and highs fees that ends up being a headache and time consuming to have cryptocurrencies. a person who only has money in their bank account and wants to play in some crypto casino will have to buy crypto on exchanges where they ask for kyc and then charge high fees and only after that will that person have crypto to play with, so it is a time consuming process

[maydna]

~snip~

This shows the OP still using the both gambling for now.But for the current situation,online casino was the best one,mostly the crypto casino.Because we can easily do the deposit all the profit into the casino.But for normal gambling we need to do deposit using the card,some debit card won’t work in the website.But most of the trusted crypto can be converted in the exchange,So easy to send and withdraw the crypto to the exchange.Where you can easy convert the Cryptocurrency to fiat.

In most of the home,both of the parents are go to the work.Their is no wrong in this because two income will help the children to live in good environment.But children get distracted to gambling and drugs and spoiling their life from their parents hard earned money.

True, I would recommend him to play gambling at online casinos because of all the conveniences he has. But if he still wants to gamble in a traditional casino, that's also okay because we just suggest it, and everything will return to him.

Even though both parents work to earn more income, they also have to supervise their children so that their children don't do anything that could harm them. Perhaps, their children can be entrusted to other families because this might keep their children away from irresponsible caregivers. I'm not saying that having a nanny is not good, but if they want to have a nanny, they have to make sure that the nanny can really take good care of their children.

[iv4n]

Traditional Gambling Cons
Credit card companies may not allow you to fund your gambling account
Credit card companies are middle entities. They give you credit and then help you facilitate transactions. Because it’s the credit card company’s money, they have the right to dictate how you spend your money.

Credit card companies hate sportsbooks. Bottom line? They won’t allow you to fund your sportsbook account with their money. Also, funding with credit cards requires paying big fees, sometimes, over 10%.

And we want to be free to do what we want to do with our money... with the lowest possible fees. I am not sure how it works now, but 10 years ago it was more tricky to set up a bank account for foreign currencies and than to find a casino that accepts deposits from Serbia and my bank. On the other side gambling with crypto is so simple and easy, I will never return to "traditional/fiat casinos".

[Webetcoins]

Both have its own pros and cons, but weighing these two, I prefer crypto gambling than traditional gambling. For simple reasons, lower transaction costs and fast transactions. You can even gamble on your bed and at your best comfort, so it's a less hassle. But for me, the drawbacks of crypto gambling is it's open for anyone. What I mean about this is that even minors are allowed to gamble, because as we all know it doesn't require your personal information to complete a transaction so it's very risky.

I'm not sure what you are talking about because most of the casinos and gambling platforms these days require one to verify their identity either at the beginning or sometime later when they are depositing or trying to make a withdrawal, and if there is a minor behind an account, they simply can't verify the account, it's another thing if an elder person helps them in verifying the account and lets them gamble, but that is not the fault of the casino at all.

So I don't really think that it can be considered a disadvantage of the cryptocurrency gambling platforms, also, since we are talking about online gambling, I believe traditional gambling platforms also require a player to verify their identity before being able to access most of the features provided by them.