Post
Topic
Board Gambling discussion
Re: There are many advantages to the relationship between gambling and Bitcoin.
by
BitcoinPanther
on 22/05/2023, 16:35:13 UTC
Is it really necessary to spend the Bitcoins directly? You can simply just keep them and convert them to fiat later whenever you need cash, no one would know that you've got cash from withdrawing Bitcoins from a gambling platform, and you should be good that way too. Also, you will give yourself a hard time trying to find a store to spend your Bitcoins I'm sure.

Nope, the technology can trace your Bitcoin transaction as long as you used a centralized exchange since they can tract from your centralized exchange account backward to where it came from.  Unless we use a mixer, anything that pass through a centralized service can definitely be traced.

Also, I think there are some casinos that allow their gamblers to use VPN without any issues, though I never tried it myself but I think Stake allows it, I never heard anyone saying that they've got banned from Stake for using a VPN.

Stake has vague stance about using VPN.  I already asked their support about it but they just answered me with a standard reply that the use of VPN is forbidden to bypass geolocation restriction but they never affirmed that using VPN is allowed on their sites.


for experienced gamblers I'm sure they understand everything about casinos without KYC and those asking for KYC, but for novice gamblers they very rarely understand this problem so many cases of gamblers complain of being refused when withdrawing funds on the grounds that KYC was refused because it was in a prohibited country according to the provisions Casino ToS.
so it is very important for all professional and novice gamblers who want to gamble on online sites to always pay attention to the ToS in the FAQ before making a deposit or making a bet to avoid similar incidents.
I think that more than 90% do not read the user agreement, otherwise many would simply think a hundred times before sending their money to the casino. You may need to go through verification in order to be able to withdraw money, there will also be such items as blocking accounts at any time, to clarify any circumstances. But now there are still casinos that allow you to play and withdraw without going through the KУC, although there are fewer of them, so it’s worth reading the user agreement in any case, even if it seems boring to you.

Well, i have a solution for those who do not want or do not have time to read the user agreement. The first thing when you are a new casino, do the KYC and then start depositing money there. This way, you will not be facing any difficultly in withdrawing your money when you win any amount in the casino.

True that, the casino will never use the issue of KYC in halting user's withdrawal because it has been done unless the platform caught the player exploiting the reward system.  We have seen some accounts being locked or banned due to bonus exploit.