Crypto Gambling

Status
Not open for further replies.

The_Crypto_Gambler

New Member
Nov 2, 2021
1
0
1
26
Hi,

Recently I started gambling with crypto currencies. Preferably BTC and ETH.

Just wanted to gain some insight and see if anyone else has been using there crypto for gambling.

What sites do you use? How are the lines?

Open for discussion and would love to hear people's opinions!
 

Kitaki

New Member
Jan 21, 2022
1
0
1
33
USA
Wouldn't using cryptocurrency be more expensive than if you were using card money?
 

AgnewPickens

Moderator
Chief Sock Advisor
Mar 11, 2017
506
211
113
58
I think, crypto gambling has a lot of disadvantages and this must be stopped. let me show you some disadvantages of Bitcoin gambling:

Bitcoin is volatile. Its price bounces up and down every day namely because of the limited number of Bitcoins in circulation and an increasing demand for them. Just this April, the cryptocurrency peaked at $64,000 per Bitcoin. It had previously peaked at roughly $20,000 at the end of 2017. Though eventually its price settles, it is not recommended to keep significant savings in Bitcoin unless you plan to HODL.

It is a work in progress. Though it has been around for years, the Bitcoin network is always undergoing changes. As Bitcoin usage grows, it becomes more accessible and its features and usage practices more polished. Though with such high uptake, the Bitcoin network, which was not originally built to process the current number of transactions, has encountered scalability issues. Despite this, casino and sports betting players using crypto do not have to wait long for their deposits to clear owing to CoinsPaid’s integrated features.

Not a “household” payment method. While holding a 78.5% iGaming market penetration rate according to SOFTSWISS COO, Andrey Starovoitov, Bitcoin is not always available as a go-to payment method. This said, worldwide Bitcoin adoption is constantly growing, especially across modern casinos and betting brands.

It is untraceable. Bitcoin’s anonymity, viewed by many as an advantage, on the flipside is often associated with criminal activity in the sense that it is easier to get away with fraud. To minimise risks, SOFTSWISS products come with a number of built-in monitoring tools that help to flag suspicious or fraudulent activity.

If you have a crypto gambling platform that accepts Dash, or one that might integrate Dash, feel free to post links, but please don't promote platforms that don't accept Dash, we have Dash casino sites already, like Palast.
 

benjonas222

New Member
Apr 21, 2021
7
0
1
24
In my opinion Cloudbet boasts a global audience of over 100 million players, making it one of the finest Bitcoin casinos and sportsbooks at the same time. It does not take fiat cash for betting, deposits, or withdrawals, but it does accept a variety of digital currencies including as Bitcoin, Bitcoin Cash, Ethereum, Gold Coin, and other similar digital currencies.
 
Status
Not open for further replies.