Post
Topic
Board Gambling discussion
Re: There are many advantages to the relationship between gambling and Bitcoin.
by
dothebeats
on 12/06/2023, 23:34:50 UTC
There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

everything you said about the advantages of gambling with bitcoin is true, but I think one thing you are missing is the fee fee. many sportsbook bitcoin gambling sites, withdrawing winnings no matter how much the fee is charged is still the same (although the bitcoin fee is still a little fluctuating)

I am very thankful that bitcoin appeared in this world and I will not use fiat anymore to gamble, I will only use bitcoin to gamble

But what if the bitcoin fee you are charged in withdrawing your own bitcoins cost a lot when converted to fiat? Would you still want to gamble with bitcoin? I would continue doing so if we can adjust the fees from the casino, or if they impose just the lowest fee possible to get the transaction confirmed in the next 5 blocks or so. Most of the crypto casinos existing nowadays impose fees that get your transaction confirmed in the next block, and if you don't really need that fast of a transaction, wouldn't it be best if the player can select how much fee are they paying?