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On 2015-09-19 23:17:44
I'd love feedback....
I'd love feedback....
Administrator
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On 2015-09-29 16:25:10
Hi slot1023, sorry if I found your message in late, I just found a few messages pending in the moderation queue, my fault!
For what concern your question I guess that we can easily answer in the following ways:
Pros:
Freedom and privacy, with Bitcoin you will be able to send any payment immediately without provide any other personal detail, just like real cash in a land based shop.
Cons:
Bitcoin value against the classic currencies is still very volatile, this mean that you could expect a massive price increase/decrease of your bitcoins in a very short time, but be reminded that we are still at the beginning of the cryptocurrency era. Safety: since Bitcoin is working like real cash in your pocket, you must always be sure about your beneficiary credentials before sending your money out, plus you must always protect your wallet in a proper way.
Those are the basis, we can apply several more variants to this main concept. Hope this was helpful
Hi slot1023, sorry if I found your message in late, I just found a few messages pending in the moderation queue, my fault!
For what concern your question I guess that we can easily answer in the following ways:
Pros:
Freedom and privacy, with Bitcoin you will be able to send any payment immediately without provide any other personal detail, just like real cash in a land based shop.
Cons:
Bitcoin value against the classic currencies is still very volatile, this mean that you could expect a massive price increase/decrease of your bitcoins in a very short time, but be reminded that we are still at the beginning of the cryptocurrency era. Safety: since Bitcoin is working like real cash in your pocket, you must always be sure about your beneficiary credentials before sending your money out, plus you must always protect your wallet in a proper way.
Those are the basis, we can apply several more variants to this main concept. Hope this was helpful
Member
Forum posts: 39Bonuses: 10
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On 2016-01-30 05:54:00
Great response admin! I'm going to add to your response and be as unbiased as possible by listing equal pros and cons.....
Pros:
1) The single biggest PLUS using bitcoin at online casinos is the ability to receive INSTANT withdrawals. In my opinion this is a huge plus as it is no different then land based casinos in terms of cash in hand for winnings! I literally have hit say 1 BTC on a slot, requested & received the withdrawal in under 60 seconds. The bitcoin is then sent to my localbitcoins wallet in 10-15 minutes or so (takes 3 confirmations). Once the 1 BTC hits my LBC wallet I then trade it for cash on my Serve prepaid card (or any other prepaid card, paypal, bank deposit etc) which can be taken out in cash at the ATM. So in simple terms, I literally can have cash in my hands from a slot hit in my hands in under 30 minutes!! Weather it be $5 or $5,000!!
2) The second HUGE, HUGE, HUGE benefit is game selection and software. This though is only true for USA based players. If you are not based in the USA then this should not be a factor.
3) I'm sure people will disagree but I am convinced that Bitcoin casinos payout much better then fiat casinos (especially for USA players). Before you call me crazy, think about it.... Bitcoin is irreversible, meaning charge back and fraud does not apply to bitcoin casinos. Fiat casinos lose a TON to fraud and charge backs so I believe that TRUSTED bitcoin casinos can and do payout much better then it's fiat competitors. I base this belief on gambling history, not just theory BTW.
4) Anonymous and simple sign up.
Cons:
1) The biggest con in my opinion is the limited number of truly TRUSTED bitcoin casinos. I can honestly count on 1 hand the number of bitcoin casinos I truly trust. Beyond the 2-3 Bitcoin casinos I truly trust, I just don't know. Now, I still play at new or unknown bitcoin casinos from time to time but in all honesty it's a crap shoot. Not only do you have to worry about winning and not getting paid but with bitcoin casinos can (and have) flat out take your deposit and be a flat out scam! My advice is too stick to the top trusted Bitcoin casinos when depositing and/or playing more then like $50. (Will post my top sites on forum soon).
2) As admin said, bitcoin price fluctuate. Personally though, this is a non issue as normally the price won't fluctuate much in a day or so. HOWEVER exchanging fiat currency to bitcoin will cost you 5% - 25%, depending on the method used (Paypal 25%+ bank deposit 5%). I pretty much lose an average of 10% in the exchange process which sucks and is 10% less to gamble with! The only flip side is IF/WHEN you win and cash out bitcoin, you can then in turn markup the sale of that bitcoin on sites like Local Bitcoin or Paxful (forum post on this coming soon as well).
3) The last con goes back to #1 kinda sorta. Because there is not nearly the amount of Bitcoin Casinos out there, there isn't nearly the competition, less competition equals less bonuses. DO NOT expect to find the wild deposit and no deposit bonuses fiat casinos offer at bitcoin casinos!! No, no no, the bonuses do not compare to hat fiat casinos offer. Expect 100% first deposit bonus from trusted casinos. No deposit bonuses? Compared to fiat casinos, they are non existent in the Bitcoin Gambling world.
4) Bitcoin is new and although unlikely, it can technically disappear tomorrow and be worthless.
Great response admin! I'm going to add to your response and be as unbiased as possible by listing equal pros and cons.....
Pros:
1) The single biggest PLUS using bitcoin at online casinos is the ability to receive INSTANT withdrawals. In my opinion this is a huge plus as it is no different then land based casinos in terms of cash in hand for winnings! I literally have hit say 1 BTC on a slot, requested & received the withdrawal in under 60 seconds. The bitcoin is then sent to my localbitcoins wallet in 10-15 minutes or so (takes 3 confirmations). Once the 1 BTC hits my LBC wallet I then trade it for cash on my Serve prepaid card (or any other prepaid card, paypal, bank deposit etc) which can be taken out in cash at the ATM. So in simple terms, I literally can have cash in my hands from a slot hit in my hands in under 30 minutes!! Weather it be $5 or $5,000!!
2) The second HUGE, HUGE, HUGE benefit is game selection and software. This though is only true for USA based players. If you are not based in the USA then this should not be a factor.
3) I'm sure people will disagree but I am convinced that Bitcoin casinos payout much better then fiat casinos (especially for USA players). Before you call me crazy, think about it.... Bitcoin is irreversible, meaning charge back and fraud does not apply to bitcoin casinos. Fiat casinos lose a TON to fraud and charge backs so I believe that TRUSTED bitcoin casinos can and do payout much better then it's fiat competitors. I base this belief on gambling history, not just theory BTW.
4) Anonymous and simple sign up.
Cons:
1) The biggest con in my opinion is the limited number of truly TRUSTED bitcoin casinos. I can honestly count on 1 hand the number of bitcoin casinos I truly trust. Beyond the 2-3 Bitcoin casinos I truly trust, I just don't know. Now, I still play at new or unknown bitcoin casinos from time to time but in all honesty it's a crap shoot. Not only do you have to worry about winning and not getting paid but with bitcoin casinos can (and have) flat out take your deposit and be a flat out scam! My advice is too stick to the top trusted Bitcoin casinos when depositing and/or playing more then like $50. (Will post my top sites on forum soon).
2) As admin said, bitcoin price fluctuate. Personally though, this is a non issue as normally the price won't fluctuate much in a day or so. HOWEVER exchanging fiat currency to bitcoin will cost you 5% - 25%, depending on the method used (Paypal 25%+ bank deposit 5%). I pretty much lose an average of 10% in the exchange process which sucks and is 10% less to gamble with! The only flip side is IF/WHEN you win and cash out bitcoin, you can then in turn markup the sale of that bitcoin on sites like Local Bitcoin or Paxful (forum post on this coming soon as well).
3) The last con goes back to #1 kinda sorta. Because there is not nearly the amount of Bitcoin Casinos out there, there isn't nearly the competition, less competition equals less bonuses. DO NOT expect to find the wild deposit and no deposit bonuses fiat casinos offer at bitcoin casinos!! No, no no, the bonuses do not compare to hat fiat casinos offer. Expect 100% first deposit bonus from trusted casinos. No deposit bonuses? Compared to fiat casinos, they are non existent in the Bitcoin Gambling world.
4) Bitcoin is new and although unlikely, it can technically disappear tomorrow and be worthless.
Member
Forum posts: 86Bonuses: 8118
Thanks: 130
On 2016-04-27 09:22:27
chúng ta không cần phải băn khoăn vá» Ngoà i ra BTC, nó được tăng lên má»—i ngà y, và tất nhiên Ä‘iá»u đó sẽ có lợi cho chúng tôi
chúng ta không cần phải băn khoăn vá» Ngoà i ra BTC, nó được tăng lên má»—i ngà y, và tất nhiên Ä‘iá»u đó sẽ có lợi cho chúng tôi
Active Member
Forum posts: 128Bonuses: 1
Thanks: 1
On 2016-06-12 19:21:46
I dont see any con's bitcoin is just perfect and I'm in love from the start <3
I believe in bitcoin so much that I have most of my money in bitcoin. I use my bank only if I need to have some cash for going out ect. I will never ever use banks again, I dont like them I dont trust them. Banks put people in debt by offering loans all the time or allowing you to spend past what you have. For me its not even am issue since I only can spend what is there. What's there is always exchanged from a bitcoin dealer. I have never ever had a single issue and it takes a mere 5 minutes to get my bitcoin to my bank account and another 5 to get the cash in my hands.
With bitcoin I can have the cash in my hands within 10 minutes and that's just great. No crap ! No fees ! Extremely fast deposites and the bank I'm with is filled up by my dealer with the same bank so the transfer is instant. I will never go back. Cryptocurrency is king. If not for crypto I wouldn't have a job or money. Nothing else interests me. I am obsessed with bitcoin.
I dont see any con's bitcoin is just perfect and I'm in love from the start <3
I believe in bitcoin so much that I have most of my money in bitcoin. I use my bank only if I need to have some cash for going out ect. I will never ever use banks again, I dont like them I dont trust them. Banks put people in debt by offering loans all the time or allowing you to spend past what you have. For me its not even am issue since I only can spend what is there. What's there is always exchanged from a bitcoin dealer. I have never ever had a single issue and it takes a mere 5 minutes to get my bitcoin to my bank account and another 5 to get the cash in my hands.
With bitcoin I can have the cash in my hands within 10 minutes and that's just great. No crap ! No fees ! Extremely fast deposites and the bank I'm with is filled up by my dealer with the same bank so the transfer is instant. I will never go back. Cryptocurrency is king. If not for crypto I wouldn't have a job or money. Nothing else interests me. I am obsessed with bitcoin.