Gambling In Crypto

[Mr. Allcrypto]

The truth is whether you gamble in crypto or fiat, that doesn't change the fact that gambling is based on luck.
And I still don't understand when you said crypto gambling is more effective, is it that there's a guaranteed winning?

[luckyledger]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

I've learned quite a bit from friends and online communities. Stories of platforms disappearing overnight or failing to pay out winnings underscored the need for caution and due diligence.Through these conversations, I've seen the importance of a balanced approach to crypto gambling, recognizing it as part of a broader financial strategy rather than a quick fix. It's about understanding the risks, setting clear boundaries, and continuously learning and adapting as the crypto world evolves.

One of the pros is the anonymity and speed of transactions that cryptocurrencies offer. It’s quite liberating to move funds without the usual banking hassles. However, the lack of regulation and the permanence of transactions can be daunting. There’s no “bank” to call if something goes wrong, which means security of your digital wallet becomes paramount.

Another aspect to consider is the tax implications and legal status in your country. The regulatory environment for crypto is still evolving, and it can have significant implications for your winnings or losses.

[Dr.Bitcoin_Strange]

What do you mean by "effective" mate? I've gamble for years using crypto, and here's my thought:
Pros:
- Better privacy.
- Relatively cheap fees, depend on what coin you use. But the fees are still there, fee from market, gas/miner fees, casino withdrawal fees.

Cons:
- It can't be 100% free (0 fees).
For some casino, let's say BK8, fiat withdrawal is free. And bank transfer is free as well, so you can have 0 fee.

I think the only advantage crypto casino has over the normal physical/traditional casinos is the privacy that online casino offers to gamblers. And one thing we must really know is that privacy is only valuable to those who value it. For example the fun in the game could be that interaction that always goes on during a gambling session with friend and not even the game itself. For these set of persons, privacy isn't as valuable to them as it is to someone who hates crowds

And When you talk about less fees in o line casinos, I've been playing on physical casinos almost all my life and I've never paid a single fee to gamble before.

[$crypto$]

The truth is whether you gamble in crypto or fiat, that doesn't change the fact that gambling is based on luck.
And I still don't understand when you said crypto gambling is more effective, is it that there's a guaranteed winning?

That's right, there is no difference between gambling using fiat or gambling using crypto. Whether you use fiat or crypto, gambling still depends on luck, I agree with what you say.

This actually comes back to our comfort, if we are more comfortable using fiat when gambling then use fiat, but if we are more comfortable using crypto then use crypto. I personally also use both when gambling, sometimes I use fiat, sometimes I use crypto.

[0t3p0t]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

I am wondering if you mind sharing the platform you are using so we can check it OP. Does it supports Doge? What is the minimum deposit? I am happy to try though I am still thinking about gambling on Telegram bot I don't know if it is worth the penny for fun.

[royalRitta]

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

I'm also new to gambling with crypto and find it pretty interesting. The transactions are fast and it feels more private than using traditional money. Would love to swap more tips and experiences with you on this!