Why I think crypto is best for online gambling.

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Last post made 4 months ago by waseem69
Thunderdick
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  • Thunderdick
  • United States Newbie 9
  • last active 9 months ago

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  • Thunderdick
    • Started by
    • Thunderdick
    • at Dec 30, 23, 09:45:45 AM
    • United States Newbie 9
    • last active 9 months ago

    Thanks for this post from:

    The benefits of cryptocurrency in online gambling include:

     
    1. Anonymity: Cryptocurrency transactions are relatively anonymous, allowing players to gamble without revealing their personal information.
     
    2. Security: Cryptocurrencies use advanced encryption techniques, making transactions more secure than traditional payment methods.
     
    3. Accessibility: Cryptocurrencies are borderless and can be used by anyone with internet access, allowing for more widespread participation in online gambling.
     
    4. Lower transaction fees: Cryptocurrency transactions typically have lower fees compared to traditional banking methods, saving players money in the long run.
     
    5. Fast transactions: Cryptocurrency transactions are usually processed much faster than traditional banking methods, allowing for quicker deposits and withdrawals.
     
    6. Global acceptance: Cryptocurrencies are accepted worldwide, making it easier for players to participate in online gambling regardless of their location.
     
    Overall, the integration of cryptocurrency into online gambling has the potential to provide a safer, more accessible, and more efficient gambling experience for players.
  • Coleena Sparks
    • Replied by
    • Coleena Sparks
    • at Jan 01, 24, 09:47:08 AM
    • United States Sr. Newbie 30
    • last active 4 months ago

    Thanks for this post from:

    Anonymity only works on casinos with no KYC. Those seem to be very limited. 

    As for using Bitcoin I have a transaction over a moth old of $150 that's stuck in the blockchain so I would recommend using Bitcoin lightning when available or using a different crypto currency. 

    Still, using crypto is IMO the best way to deposit and withdrawal. 

    Also my go-to casinos (for now anyway) are Slots.lv, Wild.io, & Casino Extreme (Sister sites as well). Mainly due to the fast withdrawal times.

     

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  • bigbutt
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    • bigbutt
    • at Jan 02, 24, 04:24:44 AM
    • United States Full Member 219
    • last active 22 days ago

    Thanks for this post from:

    Coleena Sparks wrote

    Anonymity only works on casinos with no KYC. Those seem to be very limited. 

    As for using Bitcoin I have a transaction over a moth old of $150 that's stuck in the blockchain so I would recommend using Bitcoin lightning when available or using a different crypto currency.

     

    Yes indeed some of these crypto casinos still require KYC, so bettrr be prepared for it. 

    As far as btc goes the transaction fees can be high at times, but eth is much worse imo

     

     

  • Andrea Abbiati
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    • Andrea Abbiati
    • at Jan 10, 24, 09:10:29 AM
    • Andorra Sr. Newbie 25
    • last active 2 months ago

    Thanks for this post from:

    Tbh casinos on Solana ecosystem sometimes seem to be way more developed. Go on casino website, use web3 wallet (no KYC requiered), like Phantom, Solflare etc. Make that wallet simply only for betting. Connect it, deposit, deposit is registered within few seconds and do whatever you feel like. Same thing goes for withdraws aswell, maybe they can set if it is above X ammount to make approval but rarely happens. Bitcoin is slow, high transaction fees (depends on network, but lets use their own network), ETH pretty much same thing, takes 10-20 mins. USDT should be avoided lately as it has been proven it is no DECENTRALIZED. So ye I feel like solana is the best, cheap, fast and pretty much all you need.

  • waseem69
    • Replied by
    • waseem69
    • at Jul 19, 24, 01:32:44 AM
    • Pakistan Sr. Member 327
    • last active 30 days ago

    Dear Thunderdk,

    When we use Visa or Mastercard, E-wallets in casinos there are restrictions imposed on transaction like me, if use Visa card then the transaction will not successful because government has imposed restrictions on them.

    My question is Cryptocurrency is borderless as you wrote then it mean can be easily transferable?

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