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Author Topic: Benefits of gambling with Bitcoin  (Read 2733 times)

Offline sharminsp50

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Benefits of gambling with Bitcoin
« on: May 17, 2021, 11:12:52 AM »
Benefits of gambling with Bitcoin




Bitcoin is often talked about due to its high volatility (variability) such as soaring and falling, but it is said that it is actually very compatible with online gambling such as online casinos and sports books. One of them is that "identity verification is not required". Why is that possible?

In this article, we will explain the advantages of Bitcoin in online gambling, how to deposit and withdraw with Bitcoin, how to use a gambling site specializing in virtual currencies, and points to be aware of.





What are the benefits of Bitcoin in gambling?
Bitcoin is a digital currency that uses blockchain (decentralized ledger) technology. Unlike currencies issued by countries, there is no country or organization that issues them. Cryptocurrencies are recorded and stored directly on the computers of the users, creating a system that does not require organizational management. This has several advantages for use in online gambling.





Quick deposits and withdrawals, low fees
One is that Bitcoin can be sent quickly and cheaply anywhere in the world. Therefore, you can make deposits and withdrawals at online casinos quickly. For example, the usual deposit / withdrawal method is "Onkaji-> Payment service-> User", and there is an "intermediate company" such as a credit card, electronic wallet, or bank between the Onkaji and the user. As a result, it costs a fee and it takes time to settle, but since Bitcoin allows direct communication between users and online players, although there are differences, this problem has been solved.

Transaction transparency and security
And the other point is high traceability. For example, if a fraudulent transaction is detected somewhere, Bitcoin will be distributed to each user and there will be a ledger, making it impossible to operate the system and steal money. Some people may be worried about entering their credit card information on the gambling site, but Bitcoin has a system that does not allow fraudulent transactions.

With Bitcoin, online gambling "identity verification" may not be necessary

One of the bottlenecks in gambling online is "identity verification." Because gambling sites handle money, you are usually required to verify your identity to withdraw from your account. In order to be authenticated, you will also need to submit an ID card and a copy of your phone number, address and, in some cases, the credit card you used to make the deposit.

If you are an on-kaji or bookmaker who has acquired an online gambling operation license and operates it steadily, sufficient security measures are taken, but it is a service operated by overseas companies on the Internet There is no change. No matter how much Japanese language support is provided by major online players, there are many people who feel uneasy about uploading personal information.

For such people, we recommend using "Bitcoin" and "BitCasino" to enjoy online casinos.

Onkaji "Bit Casino" that does not require identity verification




BitCasino was opened in 2014 as the first gambling site to introduce deposits and withdrawals in virtual currencies such as Bitcoin in earnest. One of the selling points of BitCasino is that "identity verification is not required". Basically, you can enjoy online gambling just by registering your email address and date of birth.

BitCasino describes cryptocurrencies as "built from scratch using incredibly complex algorithms and cryptography, and the information is anonymized but verifiable and secure." This proves the "high traceability" introduced earlier and the high encryption of the character string "bitcoin address" issued when actually exchanging bitcoin between the bit casino and the user. It is nothing but because it is.




Bitcoin is "no need to verify your identity + you can play with a quick and cheap fee" from the user side, and "you can lower the threshold for playing" on the onkaji side as well. It is a very useful deposit and withdrawal method.

Many gambling sites allow deposits and withdrawals in virtual currencies such as Bitcoin and Ethereum, but most game currencies are legal tenders such as USD and EUR. However, Bit Casino has the feature that you can bet the deposited Bitcoin as it is.


Things to keep in mind when gambling with Bitcoin
Although not limited to use on gambling sites, all you need to send Bitcoin is an alphanumeric Bitcoin address. If you make a mistake and send money, the amount you sent will not be returned regardless of whether the address exists or not. It's easy and convenient to deposit and withdraw money from a gambling site with Bitcoin, but be sure to copy and paste and be careful not to make a mistake!




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Benefits of gambling with Bitcoin
« on: May 17, 2021, 11:12:52 AM »

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Offline contemplation

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Re: Benefits of gambling with Bitcoin
« Reply #1 on: June 16, 2021, 10:05:07 PM »
!

Offline ford2019

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Re: Benefits of gambling with Bitcoin
« Reply #2 on: June 16, 2021, 10:07:10 PM »
It seems to me that there is not a single field of activity left that would not be touched by bitcoin.

Offline Muneeb22

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Re: Benefits of gambling with Bitcoin
« Reply #3 on: November 04, 2021, 09:26:31 AM »
There are so many benefits of gambling with Bitcoin becasue if we invest our money through bitcoin its easy for the crypto market lover and and we earn the money then we can also withdraw our money easily in seconds. The transaction will take just small time for deposit and withdraw.

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Offline UNIVERSE

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Re: Benefits of gambling with Bitcoin
« Reply #4 on: November 04, 2021, 10:47:01 PM »
So far, what I can take from gambling using Bitcoin is about privacy and its anonymity. Yes, gambling with crypto is more anonymousous than using fiat. Moreover, it allows people from any country to be able to play gambling. That is online gambling and Bitcoin is the very good payment method.

Offline Muneeb22

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Re: Benefits of gambling with Bitcoin
« Reply #5 on: November 08, 2021, 08:17:02 PM »
There are so many benefits of betting that we are going to play in the BTC becasue the BTC payments system is very easy and we can easily withdraw our money through the BTC and also we can deposit it. Crypto system is very good and best in the betting sites then the credit card system.

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Offline royalfestus

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Re: Benefits of gambling with Bitcoin
« Reply #6 on: November 08, 2021, 08:48:31 PM »
Bitcoin has been really made gambling so easy, even with the fact that you can even received you coin directly into your wallet. Nothing can hold your payment once it is set online.you can also do it anywhere around the world. One thing I appreciate most is that you are in direct of whatever amount you win and make withdrawal at your convenience.without bank stress and probe.

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Re: Benefits of gambling with Bitcoin
« Reply #6 on: November 08, 2021, 08:48:31 PM »


Offline UNIVERSE

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Re: Benefits of gambling with Bitcoin
« Reply #7 on: November 08, 2021, 11:46:45 PM »
At least, Bitcoin is the most accepted ceyptoxurrency in any gambling platform. We know the reputation of Bitcoin. This is also very promising and trustable enough.
Additionally, we can use lightning network to decrease the fee if available.
But if we need lower fees again, I think LTC, XRL, Doge, and Trx are best for lower fees.

Offline masterrex

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Re: Benefits of gambling with Bitcoin
« Reply #8 on: November 10, 2021, 03:55:09 PM »
IMO, gambling and betting with Bitcoin is a good option but sometimes it's costly too, that's why if you want to play or bet in a Casino using Bitcoin you should play smarter because you might lose a huge amount of money if you are just toying the game, just focus and enjoy the game never allow your emotion to control you. Anyway, Bitcoin and other cryptocurrencies were made the gambling and betting habit easy as it should be so thanks to satoshi Nakamoto for inventing Bitcoin.
« Last Edit: November 11, 2021, 08:58:06 AM by masterrex »

Offline Cleanerbd

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Re: Benefits of gambling with Bitcoin
« Reply #9 on: November 10, 2021, 06:30:47 PM »
There are many benefits to gambling with cryptocurrencies, people of all countries will be able to gamble by depositing with Bitcoin on gambling sites. Bitcoin can be traded very quickly, and it will be a secure transaction. So the use of cryptocurrency on gambling sites is much higher.
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Offline UNIVERSE

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Re: Benefits of gambling with Bitcoin
« Reply #10 on: November 15, 2021, 10:22:12 PM »
IMO, gambling and betting with Bitcoin is a good option but sometimes it's costly too,
Yes exactly, except that the platform provide lighting network o r even other network to make the transaction or withdrawal fees are decreased. But it is better than ERC20 token gas fees.

Bitcoin can be traded very quickly, and it will be a secure transaction. So the use of cryptocurrency on gambling sites is much higher.
This is one of the benefits using Bitcoin that commonly BTC is the most used crypto by gambling platform to find so easily.

Offline Muneeb22

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Re: Benefits of gambling with Bitcoin
« Reply #11 on: November 22, 2021, 07:00:54 AM »
There are so many benefits of Bitcoin usage in gambling becasue in the crypto market this time so many peoples make trade and almost i the world will about the Bitcoin and also their deposit and withdraws becasue this is most secure and best way. So deposit and withdraw is the best in gambling through BTC.

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Re: Benefits of gambling with Bitcoin
« Reply #12 on: November 30, 2021, 11:52:07 PM »
The most benefits of using Bitcoin for gambling is about its anonymous and also easy transactiin.
Sometimes we live in a country where gambling is illegal. So we cannot deposit fiat to gambling platform. By using Bitcoin, we can easily deposit it without telling who we are kr where we come from.
Bitcoin is also fast for transaction.
But, it has litle bit high fee transaction
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Offline Muneeb22

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Re: Benefits of gambling with Bitcoin
« Reply #13 on: December 02, 2021, 10:55:28 AM »
Through Bitcoin the gambling is very easy becasue we did not enter our bank cards or other details we just deposit the bitcoin in a short time and also the withdraw is fast. This time the best way is the crypto coins which we can use easily for the deposit and withdraw and this is the best and secure way for us.

.FX..BOX.
 
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Re: Benefits of gambling with Bitcoin
« Reply #14 on: December 02, 2021, 11:56:04 PM »
Through Bitcoin the gambling is very easy becasue we did not enter our bank cards or other details we just deposit the bitcoin in a short time and also the withdraw is fast. This time the best way is the crypto coins which we can use easily for the deposit and withdraw and this is the best and secure way for us.
This is one of the benefits, its privacy.
And so far, we use BTC to play gambling and so many casino online accept Bitcoin as one of the method for payment.
Now, we can also use lightening network and also some other networks so that it will lower the fee to transfer BTC

 

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