Hello everyone

[julianjhoward22]

Nice to meet you all, I was wondering what are the advantages of using crypto currencies in online gambling. Should I look into it? Thanks...

[Blackjax]

@Fiekie247 this your department.

[Fiekie247]

@Blackthanks

@julianjhoward22 - What exactly is it that you want to know in terms of the benefits or advantages?

Crypto used to be good for anonymity  and possible still is but many casinos require verification these days opposed to back in the days using crypto didn't really require any verification.

It's just a payment method like any other with the exception you do not need to declare the cash however it's being regulated in most countries.

But some advantages are,  it's low on fees depending on the crypto currency , quick and fast transactions. No 3rd party involvement , security etc.

 

[Blackjax]

@julianjhoward22 which country are you planning to play from?

[julianjhoward22]

On 2/11/2024 at 3:29 AM, Blackjax said:

@julianjhoward22 which country are you planning to play from?

Hello, I'm from Quebec, Canada.

 

On 2/11/2024 at 3:12 AM, Fiekie247 said:

Crypto used to be good for anonymity  and possible still is but many casinos require verification these days opposed to back in the days using crypto didn't really require any verification.

It's just a payment method like any other with the exception you do not need to declare the cash however it's being regulated in most countries.

But some advantages are,  it's low on fees depending on the crypto currency , quick and fast transactions. No 3rd party involvement , security etc.

Thank you for this response, it's more clear for me now.

Could you advise me which crypto coin to choose for casino deposits/withdrawals in terms of low fees and ease of use? Also I'm not sure how to actually buy it (I prefer using Interac when paying in online stores).

[Fiekie247]

1 hour ago, julianjhoward22 said:

Hello, I'm from Quebec, Canada.

 

Thank you for this response, it's more clear for me now.

Could you advise me which crypto coin to choose for casino deposits/withdrawals in terms of low fees and ease of use? Also I'm not sure how to actually buy it (I prefer using Interac when paying in online stores).

BTC is extremely expensive with fees today, so I use LTC, fees are extremely minimal, as in 0.05 USD to send. However it can take up to 15 minutes for the payment to complete.