Pros and Cons of Crypto vs. Traditional Gambling

[ralle14]

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.

This only applies to some crypto casinos, but still, many crypto casinos don't require any form of verification until you start to violate one of their rules. It could change in the future because they can update their terms and conditions, but we're still far from seeing most crypto casinos make KYC a requirement. Most of my accounts are still non-verified and gamblers can get away without going through KYC as long as they don't do something wrong and only use amounts within their threshold.

[cryptogeniusdice]

onlinegambling is a scam. I used to trust stake.com , but now find out they are ripping their customers.
they are manipulating the bets against their internal odds. for eg if you place on 2 mines, on minesweeper in background the bets are placeed on 11 mines.

I started recording each and every session of stake.com and match the bet id with result and found discrepancy. like this they are cheating with all of you.


i have found that more than 150 bets which are missing from stake.com , when asked they stated that they have archived those bets as its not possible to store data of 100 billion bets. i asked them why only those bets were archived  nor the bet before that or nor the bet after that there was no question.

Accidentaly , when the first time i enquired support about the bet from the backend they started giving me the true result and when exposed they started me weired question, where did i get the bet id blah blah blah and all.


For instance betid : 167247337064
they have deleted the bet from the system. support and i found the bet in the bet archive was placed with 11 mines, but in realtity i have video recording that i played with 2 mines.

some of the screenshot are below.


support giving the  result according to bet archive.( i asked support for 1,000,000$) for this , coz they were not transferring me to their supervisor.anyways the concern should be provably fair and not my intentions.

https://i.postimg.cc/gxDKw6RY/44-F4-C13-A-B14-C-4606-9710-D8-EBDEC553-DA.png][url=https://postimg.cc/gxDKw6RY]https://i.postimg.cc/gxDKw6RY/44-F4-C13-A-B14-C-4606-9710-D8-EBDEC553-DA.png https://i.postimg.cc/G4rQhj47/741-FB44-F-EAF0-49-EC-9-EDF-DCEAF08034-BF.png https://i.postimg.cc/VrTgfQtn/B19-EA3-E0-C043-4967-B73-D-CA3-A9-FA182-F6.png https://i.postimg.cc/bGw91NH1/C257-D5-CF-3-A1-E-4-DDA-A41-C-B837264-CC42-E.png

[/url]

and this is the og screenshot from my video dated 8th july.

https://i.postimg.cc/N9ztQMbD/4-C9-B98-B3-E2-F1-4380-83-C7-4-E1904-C0-C138.png][url=https://postimg.cc/N9ztQMbD]https://i.postimg.cc/N9ztQMbD/4-C9-B98-B3-E2-F1-4380-83-C7-4-E1904-C0-C138.png https://i.postimg.cc/nMXZ04cP/DAF67-B38-3332-449-D-B4-D8-1-FCABE231-AF3.png [/url]

likewise i have more bets, which they have deleted from the system and the odds do not match in archive

[Wakate]

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.

This only applies to some crypto casinos, but still, many crypto casinos don't require any form of verification until you start to violate one of their rules. It could change in the future because they can update their terms and conditions, but we're still far from seeing most crypto casinos make KYC a requirement. Most of my accounts are still non-verified and gamblers can get away without going through KYC as long as they don't do something wrong and only use amounts within their threshold.

Many casinos keep updating there terms and conditions due to so many reasons. Things are changing everyday many of these casinos tend to update the rules to meet up with the latest trend and abide by government policies. As a gambler, we need to always check terms and conditions of the casinos we are using to bet so that we can get updated if I'm case we don't get regular updated in our mailbox from the team. This is very important to avoid unnecessary ignorance due to nit reading about the current terms of the casino.

[dezoel]

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.

This only applies to some crypto casinos, but still, many crypto casinos don't require any form of verification until you start to violate one of their rules. It could change in the future because they can update their terms and conditions, but we're still far from seeing most crypto casinos make KYC a requirement. Most of my accounts are still non-verified and gamblers can get away without going through KYC as long as they don't do something wrong and only use amounts within their threshold.

Well, in that case, the parents will need to take care of their children and keep checking their devices so that they are not involved in gambling activities because if they get into gambling at such a small age, they will definitely get addicted to it when they grow up, and they might even do bad things only to get money so that they can gamble with it because they probably can't ask their parents for money if they are using it for gambling because if they lose it, they will be asked where they used the money.

And, as long as I know, most crypto casinos ask for KYC verification when you go for a withdrawal, especially if the amount is not as per your usual withdrawals because that makes them suspicious about your account and that makes them ask you to verify your identity before processing the withdrawal.

[masulum]

And, as long as I know, most crypto casinos ask for KYC verification when you go for a withdrawal, especially if the amount is not as per your usual withdrawals because that makes them suspicious about your account and that makes them ask you to verify your identity before processing the withdrawal.

The majority of people who use cryptocurrency for gambling are careful about giving out their personal information, especially when they want to withdraw small amounts of money. That's why many crypto gambling websites only ask for basic details like an email address and phone number for verification and able to make a withdrawal. However, this simple process may be a cause for kids getting involved in gambling. In this situation, we can't just blame the gambling websites. Because their major customer will leaving their services is asked for more identity. It's essential for parents to play a significant role in making sure their kids don't participate in gambling activities. Parents need to be vigilant and take responsibility to keep their children away from such activities.

[Silberman]

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.

In theory a minor should have no way to gamble, or at least do so for long, due to the KYC policies that casinos have in place, however we cannot deny that with the advancement of the technology and the knowledge kids have these days about it they could devise many ways to still verify their accounts and gamble for as long as they want, and while this is a weakness of online casinos in general I do not think there are many minors out there gambling at such an early age and going that far to keep gambling.

[Westinhome]

In theory a minor should have no way to gamble, or at least do so for long, due to the KYC policies that casinos have in place, however we cannot deny that with the advancement of the technology and the knowledge kids have these days about it they could devise many ways to still verify their accounts and gamble for as long as they want, and while this is a weakness of online casinos in general I do not think there are many minors out there gambling at such an early age and going that far to keep gambling.

The minor should wait till they complete the age,In the mean time they can learn the cpyto currency.The gambling kyc can't be expected to complete easy,but in order to avoid of money laundering the central bank.The kids should learn using the old variation of strategy,then after the kyc they can start to earn more money easily from the gambling.So the online gambling can have an possibility of kids get into the online gambling using the fake KYC.Many people are ready to do fake KYC for poor money and it can be used by poor to get some money.

[kamvreto]

In theory a minor should have no way to gamble, or at least do so for long, due to the KYC policies that casinos have in place, however we cannot deny that with the advancement of the technology and the knowledge kids have these days about it they could devise many ways to still verify their accounts and gamble for as long as they want, and while this is a weakness of online casinos in general I do not think there are many minors out there gambling at such an early age and going that far to keep gambling.

The minor should wait till they complete the age,In the mean time they can learn the cpyto currency.The gambling kyc can't be expected to complete easy,but in order to avoid of money laundering the central bank.The kids should learn using the old variation of strategy,then after the kyc they can start to earn more money easily from the gambling.So the online gambling can have an possibility of kids get into the online gambling using the fake KYC.Many people are ready to do fake KYC for poor money and it can be used by poor to get some money.

There are also many online gambling sites that do not care about KYC. They can be accessed by anyone and play very easily without any supervision from the authorities. It will not be easy to get money from the Casino even if you do KYC, it depends on how lucky you are when playing, so there is no guarantee. Online gambling is very varied and even beats traditional gambling. Gambling that combines with crypto is also currently popular because it is easy to make payments without a bank, without an account owner so it remains anonymous.

[stomachgrowls]

In theory a minor should have no way to gamble, or at least do so for long, due to the KYC policies that casinos have in place, however we cannot deny that with the advancement of the technology and the knowledge kids have these days about it they could devise many ways to still verify their accounts and gamble for as long as they want, and while this is a weakness of online casinos in general I do not think there are many minors out there gambling at such an early age and going that far to keep gambling.

The minor should wait till they complete the age,In the mean time they can learn the cpyto currency.The gambling kyc can't be expected to complete easy,but in order to avoid of money laundering the central bank.The kids should learn using the old variation of strategy,then after the kyc they can start to earn more money easily from the gambling.So the online gambling can have an possibility of kids get into the online gambling using the fake KYC.Many people are ready to do fake KYC for poor money and it can be used by poor to get some money.

There are also many online gambling sites that do not care about KYC. They can be accessed by anyone and play very easily without any supervision from the authorities. It will not be easy to get money from the Casino even if you do KYC, it depends on how lucky you are when playing, so there is no guarantee. Online gambling is very varied and even beats traditional gambling. Gambling that combines with crypto is also currently popular because it is easy to make payments without a bank, without an account owner so it remains anonymous.

We do know their main differences on which we could really be able to point out on where people would be preferring according into their needs and what suits them.Now that we do have crypto gambling space on which we

could be able to play without needing up some KYC unlike on traditional fiat gambling sites but sooner or later which these crypto platforms would turn out to be that heavily centralized again knowing that regulation do becomes more strict and government cant really just let these things slip away on their radar. Somewhat due to the essence of cryptocurrencies then we do know on whats its advantage on which there are really places
on which they could really be able to continue to operate without compromising their identity or simply their privacy.

We do really know that there are people who would really be finding up much better alternative if it was really that available or something that they could really be able to deal or engage with.
We know that there are ones who do go in switch in between because they do normally sticking out something that they be comfortable or having that good user experience.
So this would vary on the choice.

[Westinhome]

The traditional gambling doesn't require any kyc before playing the game or to withdraw the funds.But many people using the hidden face behind the crypto gambling,he need to verify before withdrew the money from the crypto gambling sites.The winning from the traditional winning doesn't increase after some period of time.But the crypto gambling winnings will be keep increase based on the market by you keep for longer period.Many gamblers use this technique to add some dollars to their bank wallet after the using of cryptocurrency based gambling using their money.

[ethereumhunter]

The traditional gambling doesn't require any kyc before playing the game or to withdraw the funds.But many people using the hidden face behind the crypto gambling,he need to verify before withdrew the money from the crypto gambling sites.The winning from the traditional winning doesn't increase after some period of time.But the crypto gambling winnings will be keep increase based on the market by you keep for longer period.

Maybe gamblers only show their identity before they enter a certain casino. If they fall into the category of people who are allowed to gamble, they will be welcomed into the casino. Moreover, if the person has visited the casino very often, they will not be asked to show their identity before they enter the casino.

Meanwhile, if people are playing at a crypto casino, let alone from home, they don't need to verify their account right away, especially if the user still wants to know more about the casino. But for now, casinos have started asking their users to do KYC because it is a regulation from the regulator run by the casino. And to make sure that the user is not connected by any illegal activity that could get the casino in trouble later.

[mirakal]

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.

This only applies to some crypto casinos, but still, many crypto casinos don't require any form of verification until you start to violate one of their rules. It could change in the future because they can update their terms and conditions, but we're still far from seeing most crypto casinos make KYC a requirement. Most of my accounts are still non-verified and gamblers can get away without going through KYC as long as they don't do something wrong and only use amounts within their threshold.

You are right. Cryptocurrencies are not like fiat that is used as a legal tender so most of the crypto gambling casinos do not require KYC verification especially that they are known as decentralized casinos. However, we cannot expect for the same terms and conditions applied in the future. There might be changes probably especially if these decentralized casinos will no longer be decentralized anymore. When that happens, KYC will be a must that time regardless if you initiate small or big deposits or withdrawals.

[Dunamisx]

As crypto gambling’s popularity rises, traditional gambling’s popularity wanes. But before jumping into crypto gambling, it’s important to know the pros and cons of both. Below, we list three pros and three cons for traditional gambling and crypto gambling.

The two have advantages and disadvantages, it is left on us to select which is our most preferred option and how we enjoy gambling through such means, also we may say that the kind of environment we live in also can be a determinant to either of the decision we take because sometimes, we are left with no choice than embracing the available option we have left, if in the place we live, there are more of traditional physical gambling then we are likely to have them as our choice, for the developed regions, there could be an advantage of having varieties to decide which one to go for, we can choose online or the traditional gambling as our choice unlike when we are left without a choice to make.

[Negotiation]

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.

I agree fiat and crypto bet is not difficult if you have experience betting it usually depends on one's own skills. But playing the crypto game is easier than fiat but first you need to know the best place to play cryptocurrency casino games. The most trusted crypto casino sites usually offer plenty of games to increase your chances of winning. Crypto casinos offer fast secure and private payouts blockchain technology ensures that everything is transparent and secure. Cryptocurrencies like fiat are preferred because they are not regulated by a central authority.

[Mr. Magkaisa]

      -   They have the same risk, which is why it's a bit higher in gambling because those who enter there often lose compared to investing in cryptocurrency. Although there are other gambling platforms that have charity programs like here in our country, there is a lottery here that is a charity that can somehow help the citizens here.

Although in cryptocurrency, I also saw someone else who did a charity program project, but it didn't seem like it took long, and it looks like they just collected the fund and then it was gone, but I'm not sure. Because there is also the fact that when you have time for potential projects in cryptocurrency, you are also a winner.

[wheelz1200]

For me crypto opens up a whome new world of gambling options.  One the control over your ability to gamble or not.  Some banks will block gambling sites that doesn't happen with crypto.  Also it gives ypu the ability to gamble in a down market at a certain level of usd value with downward crypto price risk in that current price of yesterday's loss might be advantageous.  Likewise on your wins in an upward market.  It's just another level of gambling while gambling lol.

[Westinhome]

For me crypto opens up a whome new world of gambling options.  One the control over your ability to gamble or not.  Some banks will block gambling sites that doesn't happen with crypto.  Also it gives ypu the ability to gamble in a down market at a certain level of usd value with downward crypto price risk in that current price of yesterday's loss might be advantageous.  Likewise on your wins in an upward market.  It's just another level of gambling while gambling lol.

When the people had huge money he do two things,one is the drugs and second one is the gambling.Actually playing gambling is far better option compared to the getting involved to the drugs.Because by consuming huge drugs,the man will become an animal.If the site is based on crypto currency,then the gamblers will not do gambling at the time of the bear market.They only hold at the bear market,if they hold some usdt for the gambling.So it help hem to gamble at the bear market also.When your bank balance is high,the ability to gamble will be more as compared to the gamblers who do gamble with low amount of money in their bank.

[LUCKMCFLY]

As for the pros, there are too many, in fact they are the ones that have given life to casinos and many internet businesses the most, in this order of ideas, we can say that thanks to crypto many casinos and business models of this style have It has propstered a lot, and this means that things with crypto and especially with Bitcon are huge, in person, I know many online casinos thanks to crypto technology, thanks to Bitcoin and I'm sure that just like me there are also many who do it, these types of things are what people normally have to do in order to have clarity on things.

The only thing I see against casinos is that they are very afraid of introducing privacy and anonymity coins, of course centralized casinos, because I don't see any casino that has Monero as a good option, I'm interested in keeping the coins top and one that is anonymous, for me it would be that a casino would be complete if they do it like this, the rest are more, and more casinos, of course we have to separate the oldest and most reliable casinos, which we all know here in the forum are many, but the most relevant as stake.com, bitcainso.io, duelbits, roobet, rollbit, some like Rollbit who have their own token project, who are breaking through, if they do things right they can be making a lot of money, but if and only if they put the token in a centralized exchange, because I think that all clients, Investors, players, know very well that if they are only in a Decentralized Exchange that will not have life , and this is the moment they have to do it because bitcoin is at a time when it can go up a lot, and let's remember that bitcon It was in a very relevant ATH , if it goes up it could be to more than $100k and this could be the best thing that ever happened, then in this order of ideas things can occur with a dark clarity so that you take note of what you should do, In addition to the fact that tokens are reinvented more and more, it would serve as an excellent safe haven option for Investors.

[maydna]

For me crypto opens up a whome new world of gambling options.  One the control over your ability to gamble or not.  Some banks will block gambling sites that doesn't happen with crypto.  Also it gives ypu the ability to gamble in a down market at a certain level of usd value with downward crypto price risk in that current price of yesterday's loss might be advantageous.  Likewise on your wins in an upward market.  It's just another level of gambling while gambling lol.

And by using crypto, they can avoid being blocked by the bank, and they will find no evidence that they are gambling. Crypto can hide how you use your money in gambling so that no one monitors your crypto use except you. But this also impacts those who hold crypto because they feel free to gamble, so they can lose control while gambling. Perhaps there are still many differences between crypto casinos and traditional casinos that we don't know, but at least we already know the outline that differentiates the two. And I think people who are already gambling using crypto will continue to use crypto to gamble instead of using fiat to gamble.

[Blitzboy]

As for the pros, there are too many, in fact they are the ones that have given life to casinos and many internet businesses the most, in this order of ideas, we can say that thanks to crypto many casinos and business models of this style have It has propstered a lot, and this means that things with crypto and especially with Bitcon are huge, in person, I know many online casinos thanks to crypto technology, thanks to Bitcoin and I'm sure that just like me there are also many who do it, these types of things are what people normally have to do in order to have clarity on things.

The only thing I see against casinos is that they are very afraid of introducing privacy and anonymity coins, of course centralized casinos, because I don't see any casino that has Monero as a good option, I'm interested in keeping the coins top and one that is anonymous, for me it would be that a casino would be complete if they do it like this, the rest are more, and more casinos, of course we have to separate the oldest and most reliable casinos, which we all know here in the forum are many, but the most relevant as stake.com, bitcainso.io, duelbits, roobet, rollbit, some like Rollbit who have their own token project, who are breaking through, if they do things right they can be making a lot of money, but if and only if they put the token in a centralized exchange, because I think that all clients, Investors, players, know very well that if they are only in a Decentralized Exchange that will not have life , and this is the moment they have to do it because bitcoin is at a time when it can go up a lot, and let's remember that bitcon It was in a very relevant ATH , if it goes up it could be to more than $100k and this could be the best thing that ever happened, then in this order of ideas things can occur with a dark clarity so that you take note of what you should do, In addition to the fact that tokens are reinvented more and more, it would serve as an excellent safe haven option for Investors.

I agree; the advantages are numerous. Yet, the apprehension about integrating privacy coins like Monero is both significant and lamentable. You're spot-on: a casino incorporating anonymous coins would be more complete. In terms of investment, yes, the centralized exchange is essential for any token project to thrive, even more so when Bitcoin is at a potential inflection point. I'd add this: regulation-friendly cryptos could be the bridge that alleviates these casinos' fears of privacy coins. That could create a whole new tier of trust and anonymity, a paradigm shift if you will.